Economy

AN IDEA WHOSE TIME HAS COME

Economic recovery following the pandemic will require an entrepreneurial skill set. Fortunately, the CSU offers inquiring minds a multitude of resources. No wonder CSU alumni are leading the way.

What we don’t understand about poverty in America

What if the idealized image of American society — a land of opportunity that will reward hard work with economic success — is completely wrong?“Poorly Understood: What America Gets Wrong About Poverty,” a new book from Mark Rank, a leading academic expert on poverty, explores this concept.It is the first book to systematically address and confront many of the most widespread myths pertaining to poverty.

WVU responds to data revolution with new major

The world is in the midst of a data revolution. From how we shop to how we vote and all decisions in between, there is a growing need for professionals trained to use modern data analysis to solve everyday problems. To meet these 21st century workforce demands, WVU is launching a new undergraduate data science major.

WashU Experts: We need economic rescue, and we need it now 

After months of failed negotiations that left many Americans, businesses and a further weakening economy in the lurch, lawmakers are scrambling the week before Christmas 2020 to reach a deal on an economic stimulus plan that could top $900 billion. If Congress passes the deal, will it do enough to help struggling Americans and businesses stay afloat?To answer that question, three business and economics experts at Washington University in St.

UCI, Tsinghua U.: California’s 2018 wildfires caused $150 billion in damages

Irvine, Calif., Dec. 7, 2020 — In 2018, California wildfires caused economic losses of nearly $150 billion, or about 0.7 percent of the gross domestic product of the entire United States that year, and a considerable fraction of those costs affected people far from the fires and even outside of the Golden State. For a study published today in Nature Sustainability, researchers at the University of California, Irvine, China’s Tsinghua University and other institutions combined physical, epidemiological and economic models to gain a more comprehensive understanding of the impact of the blazes.

Filling in the blanks

The West Virginia Social Survey focuses on the most pressing challenges faced by West Virginia residents. It will produce state-specific reports on issues like internet access, the economy, health, crime, volunteering, religion and more, which can help inform policymakers.

Expert: 2020 election and the economy

President Donald Trump has consistently touted the economy’s pre-COVID-19 success and recent rebound as one of his greatest successes as president, if not one of the greatest economies in U.S. history. But how strong is the economy really? And how much of that success can be attributed to the president? Three experts from the Olin Business School at Washington University in St.

Presidential Debates in a Highly Polarized America: UNLV Expert Available

The COVID-19 pandemic. Race relations. The Supreme Court. The economy. When President Donald Trump and former Vice President Joe Biden meet for the first of three presidential debates on Tuesday night, millions of viewers are expected to tune in. But will America really be listening? Given the country’s all-time high partisanship and the extremely tiny pool of voters who have yet to make up their minds five weeks out from the 2020 general election, analysts are putting in their bets on the influence of televised debates and the chances of actually swaying voters.

Land Development in New Jersey Continues to Slow

Land development in New Jersey has slowed dramatically since the 2008 Great Recession, but it’s unclear how the COVID-19 pandemic and efforts to fight societal and housing inequality will affect future trends, according to a Rutgers co-authored report. Between 2012 and 2015, 10,392 acres in the Garden State became urban land. That’s 3,464 acres a year – far lower than the 16,852 acres per year in the late 1990s and continuing the trend of decreasing urban development that began in the 2008 Great Recession.

Indigenous People Vital for Understanding Environmental Change

Grassroots knowledge from indigenous people can help to map and monitor ecological changes and improve scientific studies, according to Rutgers-led research. The study, published in the Journal of Applied Ecology, shows the importance of indigenous and local knowledge for monitoring ecosystem changes and managing ecosystems. The team collected more than 300 indicators developed by indigenous people to monitor ecosystem change, and most revealed negative trends, such as increased invasive species or changes in the health of wild animals. Such local knowledge influences decisions about where and how to hunt, benefits ecosystem management and is important for scientific monitoring at a global scale.

Ending coronavirus lockdowns quickly can be more costly than relaxing them gradually

Irvine, Calif., June 3, 2020 — “We’re all in this together” is a commonly heard phrase during this global pandemic, as much of the world practices social distancing. And now researchers at the University of California, Irvine and other institutions have shown that there is some scientific validity to this assertion. In a study published today in Nature Human Behaviour, Chinese, European, American and British researchers demonstrate that the number of countries implementing COVID-19 lockdown measures – and the duration of those efforts – have a greater influence on the gross domestic products of nations than the severity of the restrictions.

Oyster Farming and Shorebirds Likely Can Coexist

Oyster farming as currently practiced along the Delaware Bayshore does not significantly impact four shorebirds, including the federally threatened red knot, which migrates thousands of miles from Chile annually, according to a Rutgers-led study. The findings, published in the journal Ecosphere, likely apply to other areas around the country including the West Coast and Gulf Coast, where oyster aquaculture is expanding, according to Rutgers experts who say the study can play a key role in identifying and resolving potential conflict between the oyster aquaculture industry and red knot conservation groups.

Wayne State researchers complete analysis on testing and reopening under COVID-19

A team of Wayne State University researchers has completed an analysis that studied specific industry characteristics as alternatives to guide industry openings in a way that lowers contagion risks and maximizes economic benefits until broader testing becomes available and the efficacy and reliability of immunity testing is achieved. The scope for physical distancing and remote work will vary by industry and region. The team’s study focused on Michigan and metropolitan Detroit, a hot spot for COVID-19.

April Mid-America Business Index tumbles to recession level

The monthly Creighton University Mid-America Business Conditions Index is a mathematical average of indices for new orders, production or sales, employment, inventories and delivery lead time. This is the same methodology, used since 1931 by the Institute for Supply Management. The Mid-America report is produced independently of the national ISM.