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The Battle Begins - How Long will Trump's Trade Wars Last Between China, Canada and Mexico?
It has begun. March 04 signaled the first day of what could be a long and drawn out trade war between America and it's two closest neighbors and trading partners - Canada and Mexico. President Trump also doubled the tariff he slapped last month on Chinese products to 20%. Markets are reeling, politicians are scrambling and the world is watching to see how the tariffs on Mexican and Canadian imports will affect consumers and the economy. In Canada, the reaction was swift. Businesses pulled American bourbon, wine and other imported spirits from store shelves along. Canada also threatened to turn off imported power that keeps the lights on and factories running in states like Michigan, Minnesota and New York. As well, Canadian Prime Minister, Justin Trudeau announced immediate retaliatory measures. Trudeau said Canada will not back down from a fight in the face of "completely bogus and completely unjustified" trade action that has the potential to ruin bilateral relations and prompt job losses, economic devastation and higher inflation on both sides of the border. Trudeau has already slapped tariffs on an initial tranche of $30 billion worth of American goods and promised $125 billion more will face levies in three weeks' time. He said more, non-tariff measures are coming if Trump doesn't immediately back down. Trudeau said Trump is doing something "very dumb" by attacking Canada like this, given there will be serious ramifications for American workers and consumers with higher prices on everything from food, car parts and fertilizers to pharmaceuticals and paper products. March 04 - CBC News Meanwhile, there have been some indicators that President Trump may be willing to negotiate. President Donald Trump will “probably” announce tariff compromise deals with Canada and Mexico soon, Commerce Secretary Howard Lutnick said Tuesday. The potential agreements would likely involve scaling back at least part of Trump’s brand new 25% tariffs on imports from Mexico and Canada, he added. Lutnick’s comments came minutes after the U.S. stock market limped to a close for a second day of sharp declines, spurred at least in part by investors’ fears that Trump’s aggressive policies will ignite a crippling trade war. After his remarks, U.S. stock futures tied to all three major averages rose. The compromises with Canada and Mexico will likely be revealed as soon as Wednesday, Lutnick said on “Fox Business.” March 04- CNBC News There's a lot of speculation out there - and lingering questions: What key American industries will benefit, which ones will suffer? When and will consumers see price hikes at the stores? Will there be a lasting negative impact felt on the American economy? What does this mean for the USMCA that was currently in place? If you're a journalist covering tariffs and the trade war - then let us help. William J. Luther, Ph.D., is an associate professor of economics at Florida Atlantic University, director of the American Institute for Economic Research’s Sound Money Project, and an adjunct scholar with the Cato Institute’s Center for Monetary and Financial Alternatives William is available to speak with media. Simply click on his icon now to arrange an interview today
Sustainable mining: Can we satisfy green energy demands without destroying ecosystems?
Minerals are essential for sustainable energy technologies like solar, wind, and geothermal power, yet their importance has led to geopolitical tensions, as seen in the Russia-Ukraine conflict. These resources are geographically constrained—South Africa's platinum is vital for hydrogen fuel cells, and China leads in mineral refining. Efforts to diversify sources often spark local disputes, as demonstrated by recent opposition in Minnesota to a green-transition minerals project due to environmental and social concerns. University of Delaware expert and Environmental peacemaker Saleem Ali, has a proposed solution: a "mineral trust," or a global mechanism to manage mineral distribution more effectively. As he outlines in a recent TED Talk, this trust would operate like an asset protection trust, with both mineral-producing and technology-demanding countries involved as trustees. It aims to stabilize commodity prices, prevent politicization of resources and enhance management efficiency. Ali has appointments in UD's Department of Geography and Spatial Sciences, Biden School of Public Policy and Administration, Data Science Institute, the Center for Energy and Environmental Policy and Delaware Environmental Institute. He has written for and been quoted in multiple outlets, including Forbes. To speak with him further, click his profile.
VP Harris Picks Gov. Tim Walz as Her Running Mate
Dr. Meena Bose talked to NY1 Spectrum News about Vice President Kamala Harris selecting Minnesota Governor Tim Walz as her presidential running mate. The interview was conducted by Hofstra alum and NY1 news anchor Shannan Ferry ’14. Dr. Bose is a professor of political science, executive dean of the Public Policy and Public Service program, and executive director of the Kalikow Center for the Study of the American Presidency. Dr. Meena Bose is available to speak with media - simply click on her icon now to arrange an interview today.
Almost 30% of adults in the U.S. lack basic numeracy skills, meaning they don’t understand simple processes like counting, arithmetic and calculating percentages. Two professors from Georgia Southern University’s College of Education (COE) are part of a collaborative effort, funded by a $3 million National Science Foundation (NSF) grant, aimed at improving that number for upcoming generations. Sam Rhodes, Ph.D., assistant professor of elementary mathematics education, and Antonio Gutierrez de Blume, Ph.D., professor in curriculum, foundations and reading, were awarded almost $400,000 of the overall sum. In collaboration with researchers from the University of Minnesota and the University of Pennsylvania and CueThink, an online application focused on improving math problem-solving and collaboration skills, they will help middle school students better understand numerical and mathematical concepts. “The grant is important to me because I am passionate about helping students improve their abilities to engage in mathematical problem solving,” said Rhodes. “Collaborating with peers to tackle challenging problems is one of the most exciting parts of learning and doing mathematics. I want to work to bring these experiences to all students in ways that are engaging and that effectively support their learning of mathematics.” The four-year grant is part of NSF’s Discovery Research preK-12 program. Georgia Southern’s COE offers students multiple program opportunities, including undergraduate and more than 30 graduate program options that span campus locations in Savannah, Statesboro and Hinesville, and online. Programs offered by the COE prepare future teachers, school psychologists, counselors, school library media specialists, instructional technologists, researchers and leaders through intensive field experiences, cutting-edge technology and research-based instruction. Interested in knowing more? To arrange an interview with Sam Rhodes or Antonio Gutierrez de Blume simply connect with Georgia Southern's Director of Communications Jennifer Wise at jwise@georgiasouthern.edu to arrange an interview today.
What happens when the human body gets too hot?
What happens when the human body gets too hot? And what can you do if someone gets too hot? Douglas Casa, professor of kinesiology and chief executive officer of UConn’s Korey Stringer Institute – a leading authority on research, advocacy, and education about exertional heat stroke – explains in this edition of UConn Science in Seconds. The Korey Stringer Institute at UConn was established in honor of the Minnesota Vikings offensive lineman Korey Stringer, who passed away from exertional heat stroke in 2001. Looking to know more? Then let us help with your questions and coverage! Douglas Casa is an expert on athletic training, heat illness, and hydration. Dr. Casa is available to speak with media about this topic. Simply click on his icon now to arrange an interview today.
Athletes spend years preparing for the Olympic tracks and fields, but their performance may also depend on how they adapt and overcome the pressure cooker of summer heat in Tokyo. July temperatures are topping 90 degrees Fahrenheit this year, with humidity coming in close to 88 percent. That’s hot. In fact, the last time Tokyo hosted the Summer Games, they took place in October so that athletes could compete in relative comfort. But these Games are different, and UConn experts are helping to prepare America’s elite athletes for premier competition while the mercury soars. NBC News recently featured how Dr. Douglas Casa and his team at UConn’s Korey Stringer Institute are getting America’s athletes ready. If you’re a journalist looking to learn more about these techniques and the critical importance of being prepared to compete in adverse weather conditions, then let our experts help. Dr. Casa is a professor of kinesiology and the CEO of the Korey Stringer Institute at UConn – the institute was established in honor of the Minnesota Vikings offensive lineman Korey Stringer, who passed away from exertional heat stroke in 2001. An expert on athletic training, heat illness, and hydration, Dr. Casa is available to speak with media about this topic. Simply click on his icon now to arrange an interview today.
A Message from Dean Sarah Gehlert on the Derek Chauvin Verdict
When I heard the verdict read at the trial of Derek Chauvin, I was relieved that a change had been made in how excessive violence by police officers has been viewed and treated in courts. This gave me some hope that a door had finally been opened to create change. A single verdict does not even begin to erase all the lives lost over decades of police violence based on prejudice and discrimination. It does however signal that change is happening, or is at least possible, if we are vigilant. It can be a step taken toward ending systemic discrimination by race in how our judicial system considers the actions of police. The wisdom of George Floyd’s seven-year-old daughter, who stated that her dad “changed the world,” has been validated. We also recognize the wisdom and courage of Darnella Frazier, the Minnesota teenager who filmed the event, knowing that what she was witnessing was wrong. When the verdict came in, I was with a group of community activists from three California counties around Los Angeles. While group members expressed some elation for an episode of justice realized, some cautioned that this victory does not mean that all is well. Racism, and the discrimination that it engenders, continues to run rampant through our judicial system. Within the last week we have added the names of Daunte Wright and Adam Toledo to our protests and vigils. We hope this verdict is a turning point, but we will need to work to assure it. It is worth reading a publication from 2018 to understand the role that social work needs to play in ensuring effective and lasting change to our judicial system. In their paper entitled “The Futile Fourth Amendment,” Professor Osagie Obasogie and Postdoctoral Researcher Zachary Newman examine the Supreme Court case that established the standard for court adjudication of excessive force by police, and how this has perpetuated excessive use of force in many communities of color. Protesting alone will not create the change we want to see. It will require change in policy and practices to establish equal protection for all under the law. This is a moment for us as social workers to seize. We must not wait to act until there is another incident of police brutality or an unfair trial. We should use this moment to move forward with renewed conviction in our beliefs, using our training in policy, community organizing, management and planning, and clinical practice. We should always be the voices demanding equality under the law, saying that an end to systemic racism is possible. The world is ready for change and social work should be leading it, with those whom we serve. We should be the champions of social justice for the well-being of individuals, families and communities through innovative teaching of evidence-informed and practice-based skills, and pioneering transformative research. If not us, then who? Sarah Gehlert Dean
Online ratings systems shouldn’t just be a numbers game
When you’re browsing the internet for something to buy, watch, listen, or rent, chances are that you will scan online recommendations before you make your purchase. It makes sense. With an overabundance of options in front of you, it can be difficult to know exactly which movie or garment or holiday gift is the best fit. Personalized recommendation systems help users navigate the often-confusing labyrinth of online content. They take a lot of the legwork out of decision-making. And they are an increasingly commonplace function of our online behavior. All of which is in your best interest as a consumer, right? Yes and no, says Jesse Bockstedt, associate professor of information systems and operations management at Emory’s Goizueta Business School. Bockstedt has produced a body of research in recent years that reveals a number of issues with recommendation systems that should be on the radar of organizations and users alike. While user ratings, often shown as stars on a five- or ten-point scale, can help you decide whether or not to go ahead and make a selection, online recommendations can also create a bias towards a product or experience that might have little or nothing to do with your actual preferences, Bockstedt says. Simply put, you’re more likely to watch, listen to, or buy something because it’s been recommended. And, when it comes to recommending the thing you’ve just watched, listened to, or bought yourself, your own rating might also be heavily influenced by the way it was recommended to you in the first place. “Our research has shown that when a consumer is presented with a product recommendation that has a predicted preference rating—for example, we think you’ll like this movie or it has four and a half out of five stars—this information creates a bias in their preferences,” Bockstedt says. “The user will report liking the item more after they consume it if the system’s initial recommendation was high, and they say they like it less post-consumption, if the system’s recommendation was low. This holds even if the system recommendations are completely made up and random. So the information presented to the user in the recommendation creates a bias in how they perceive the item even after they’ve actually consumed or used it.” This in turn creates a feedback loop which can reflect authentic preference, but this preference is very likely to be contaminated by bias. And that’s a problem, Bockstedt says. “Once you have error baked into your recommendation system via this biased feedback loop, it’s going to reproduce and reproduce so that as an organization you’re pushing your customers towards certain types of products or content and not others—albeit unintentionally,” Bockstedt explains. “And for users or consumers, it’s also problematic in the sense that you’re taking the recommendations at face value, trusting them to be accurate while in fact they may not be. So there’s a trust issue right there.” Online recommendation systems can also potentially open the door to less than scrupulous behaviors, Bockstedt adds. Because ratings can anchor user preferences and choices to one product over another, who’s to say organizations might not actually leverage the effect to promote more expensive options to their users? In other words, systems have the potential to be manipulated such that customers pay more—and pay more for something that they may not in fact have chosen in the first place. Addressing recommendation system-induced bias is imperative, Bockstedt says, because these systems are essentially here to stay. So how do you go about attenuating the effect? His latest paper sheds new and critical light on this. Together with Gediminas Adomavicius and Shawn P. Curley of the University of Minnesota and Indiana University’s Jingjing Zhang, Bockstedt ran a series of lab experiments to determine whether user bias could be eliminated or mitigated by showing users different types of recommendations or rating systems. Specifically they wanted to see if different formats or interface displays could diminish the bias effect on users. And what they found is highly significant. Emory has published a full article on this topic – and its available for reading here: If you are a journalist looking to cover this topic or if you are simply interested in learning more, then let us help. Jesse Bockstedt, associate professor of information systems and operations management at Emory’s Goizueta Business School. He is available to speak with media, simply click on his icon now – to book an interview today.
Study of auto recalls shows carmakers delay announcements until they can 'hide in the herd'
BLOOMINGTON, Ind. - Automotive recalls are occurring at record levels, but seem to be announced after inexplicable delays. A research study of 48 years of auto recalls announced in the United States finds carmakers frequently wait to make their announcements until after a competitor issues a recall - even if it is unrelated to similar defects. This suggests that recall announcements may not be triggered solely by individual firms' product quality defect awareness or concern for the public interest, but may also be influenced by competitor recalls, a phenomenon that no prior research had investigated. Researchers analyzed 3,117 auto recalls over a 48-year period -- from 1966 to 2013 -- using a model to investigate recall clustering and categorized recalls as leading or following within a cluster. They found that 73 percent of recalls occurred in clusters that lasted 34 days and had 7.6 following recalls on average. On average, a cluster formed after a 16-day gap in which no recalls were announced. They found 266 such clusters over the period studied. "The implication is that auto firms are either consciously or unconsciously delaying recall announcements until they are able to hide in the herd," said George Ball, assistant professor of operations and decision technologies and Weimer Faculty Fellow at the Indiana University Kelley School of Business. "By doing this, they experience a significantly reduced stock penalty from their recall." Ball is co-author of the study, "Hiding in the Herd: The Product Recall Clustering Phenomenon," recently published online in Manufacturing and Service Operations Management, along with faculty at the University of Illinois, the University of Notre Dame, the University of Minnesota and Michigan State University. Researchers found as much as a 67 percent stock market penalty difference between leading recalls, which initiate the cluster, and following recalls, who follow recalls and hide in the herd to experience a lower stock penalty. This indicates a "meaningful financial incentive for auto firms to cluster following recalls behind a leading recall announcement," researchers said. "This stock market penalty difference dissipates over time within a cluster. Additionally, across clusters, the stock market penalty faced by the leading recall amplifies as the time since the last cluster increases." The authors also found that firms with the highest quality reputation, in particular Toyota, triggered the most recall followers. "Even though Toyota announces some of the fewest recalls, when they do announce a recall, 31 percent of their recalls trigger a cluster and leads to many other following recalls," Ball said. "This number is between 5 and 9 percent for all other firms. This means that firms are likely to hide in the herd when the leading recall is announced by a firm with a stellar quality reputation such as Toyota. "A key recommendation of the study is for the National Highway Traffic Safety Administration (NHTSA) to require auto firms to report the specific defect awareness date for each recall, and to make this defect awareness date a searchable and publicly available data field in the auto recall dataset NHTSA provides online," Ball added. "This defect awareness date is required and made available by other federal regulators that oversee recalls in the U.S., such as the Food and Drug Administration. Making this defect awareness date a transparent, searchable and publicly available data field may discourage firms from hiding in the herd and prompt them to make more timely and transparent recall decisions." Co-authors of the study were Ujjal Mukherjee, assistant professor of business administration at the Gies College of Business at the University of Illinois who was the lead author; Kaitlin Wowak, assistant professor of IT, analytics, and operations at the Mendoza College of Business at the University of Notre Dame; Karthik Natarajan, assistant professor of supply chain and operations at the Carlson School of Management at the University of Minnesota; and Jason Miller, associate professor of supply chain management at the Broad College of Business at Michigan State University.
Expert available to discuss how economic impact of COVID-19 may vary across the country
Retailers such as Macy’s, Nordstrom and Urban Outfitters have announced they will temporarily shutter stores and car maker Honda will close six U.S. plants for a week. Earlier, in-person service at restaurants and bars was ceased. R. Andrew Butters, assistant professor of business economics and public policy at the Indiana University Kelley School of Business, cautions against making general assessments about COVID-19’s economic impact across the country. “Assessing the economic impacts of this pandemic -- and the range of policy responses enacted -- or being considered; however, might be harder to predict and have the potential to be even more uneven. For instance, take the most recent response of closing in-person dining at bars, and restaurants after the first confirmed death in Indiana was announced on Monday. Citing the of example restaurants, “According to the most recent economic census data, on the dimension of annual sales per capita coming from restaurants and other eating establishments, the state of Indiana is less dependent on this sector of the economy than other neighboring states Illinois and Ohio, that have enacted similar responses. On this particular dimension, one could view the economy of Indiana being somewhat insulated relative to its Midwest neighbors. “In sectors like airline travel and hotels, net bookings are down across the board -- and at unprecedented levels. How long travelers stay at home will have a lasting impact on the distribution of foregone revenues experienced at restaurants, bars, and hotels across the country. “An empty seat, or hotel room, contributes zero to GDP. This is especially true in a country like the US, as the demands for air travel and lodging vary across different parts of the country. Some areas of the country with peaks in demand over the spring months (e.g. Arizona and Florida) are likely to be especially vulnerable. Other areas with peaks in travel and recreational demand later in the year, (e.g., some areas of New York and Minnesota) might be less impacted, if the health concerns of travel are mitigated over the next couple of months. “There are many factors one can point to as contributors to a sharp rebound in economic activity, after the impact of the health concerns of the virus are subdued. These factors include the current personal savings and unemployment rates. As more varied -- and reflective -- economic and financial data comes in from areas affected by the global supply chain/consumption disruptions created by this virus (see, e.g., Brave-Butters-Kelley Business Cycle Indices and National Financial Conditions Index), it will be imperative that public policy makers work in concert with the most recent assessments of the depth and duration of this crisis to ensure the stabilization of local and national economies.” Butters can be reached at 812-855-5768 (o), 630-699-4868 and rabutter@indiana.edu.