U.S. Seafood Industry Flounders Due to COVID-19

The pandemic is putting a hurt on the seafood industry, finds the largest study of COVID on U.S. fisheries, which suggests that American fishmongers may flounder – or go belly up – without more government aid.

-Monthly fresh seafood exports declined up to 43%
-Monthly imports fell up to 37%
-Catches dropped 40% some months.

Over the first six months of 2020:
-Total U.S. seafood exports are down 20%
-Imports are down 6%
-Further losses are likely as restrictions increase to address COVID-19.

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Faced with competition, companies double down on corporate social responsibility

When faced with increased competition, one might expect companies to pull back from investments in employee safety training, environmental protections, and their local communities—activities that show them to be good corporate citizens, but might not directly contribute to their financial returns.

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How a foreign market entry fails: the case of Guggenheim Helsinki

Researchers at the Aalto University School of Business followed the Guggenheim Helsinki project closely for several years: they interviewed different parties, observed meetings and analysed news related to the project. According to the researchers, Guggenheim’s conquest of Helsinki failed due to a long political struggle that effectively produced stigma.

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$1M Awarded to Companies Innovating Solutions to Challenges Facing Hospitality Industry in UNLV-hosted Competition

The Lee Prize for Innovation and Entrepreneurship recently awarded nearly $1 million to eight companies developing solutions that could help spur recovery in the hospitality industry amid the ongoing COVID-19 pandemic.

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Demographic differences foster social ties in online support groups, UCI-led study finds

Irvine, Calif., Oct. 22, 2020 — Millions of adults in the U.S. join online support groups to help them attain health goals, ranging from weight loss to smoking cessation. In their quest to make connections, members have a tendency to hide demographic differences, concerned about poor social integration that will weaken interpersonal ties.

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