MON AM News: UW inventors create energy-efficient wireless network system; Economist says ‘soft landing’ more likely than full-blown recession

— UW-Madison researchers have created a new wireless network system that dramatically improves energy efficiency. 

That’s according to an overview from the Wisconsin Alumni Research Foundation, which is seeking commercial partners to help develop the system. WARF says the technology is well-suited to the “smart agriculture” industry, where it could connect various sensors monitoring soil quality, livestock and other factors. 

Because distributed wireless sensors need to be able to communicate over long distances while consuming minimal power to extend battery life, technologies like these are limited by a “trade-off between range and power,” the WARF tech summary shows. 

One solution is to put transmitters in a low-power state between transmissions, but that approach limits the amount of data that can be sent, according to WARF. 

To get around this challenge, the researchers have created a system that requires less “radio on-time” for any given message and reduces the amount of power needed per message. 

“By dramatically improving energy efficiency, this technology will allow for longer deployment of sensors without battery replacement,” authors wrote in the overview, adding the tech can also “scale extremely well” when combined with other techniques for extending network range. 

The network’s lead inventor is Bhuvana Krishnaswamy, an assistant professor in the university’s Department of Electrical and Computer Engineering. 

See more: https://www.warf.org/technologies/summary/P190273US01/ 

— An economist with UW-Madison says recent trends suggest a “soft landing” is more likely than a full-blown recession. 

Steven Deller, a professor in the university’s Department of Agricultural and Applied Economics, analyzed U.S. financial markets in a recent report from the UW-Madison Division of Extension. He focuses on two measures: the Federal Reserve Bank of Chicago’s National Financial Condition Index and the Federal Reserve Bank of St. Louis’s Financial Stress Index.

He notes this year’s failure of Silicon Valley and Silvergate Bank in California and Signature Bank in New York led to “concern that the underpinnings of the US financial institutions were weak,” enflaming worries of a more widespread collapse like the one that led to the Great Recession in 2007 through 2009. 

But since those bank failures in March of this year, both the Chicago and St. Louis economic measures “are trending downward, indicating a strengthening of the financial markets,” Deller wrote. 

He argues these trends, along with the strong labor and housing markets, “suggest that the likelihood of a recession is weakening.” 

See the full report: https://economicdevelopment.extension.wisc.edu/2023/07/20/the-condition-of-us-financial-markets/ 

— Marquette University is launching a pilot program focused on technology education and cybersecurity after getting $800,000 in federal funding. 

The funds from the U.S. Department of Education will support the Seizing Opportunities Academic Readiness Cyber Explorers Pilot Program, or SOAR for short. 

According to a release from the university, the program will offer more than 100 hours of educational programming for pre-college students in the Milwaukee area, including first-generation and low-income students. 

The program will include summer camps, coursework in STEM fields, as well as opportunities for internships and mentoring. These are meant to expand participants’ skills in four main areas: computer basics, coding, operating systems and networks. Plus, partner schools in the area will host informational presentations and workshops for local students. 

See more in the release: https://www.marquette.edu/news-center/2023/eop-receives-800000-in-funding-to-pilot-cyber-explorers-pre-college-program.php 

— WEDC has provided a $250,000 grant to the city of Hillsboro to support the expansion of a local health and wellness center, the agency announced. 

Wisconsin Economic Development Corp. Secretary and CEO Missy Hughes on Friday visited the expanded Hillsboro Chiropractic and Rehabilitation Center to highlight the project. In a statement, she said the center “not only improves the health and wellness of Hillsboro residents but [plays] a key role in bringing new visitors and businesses to downtown Hillsboro.” 

The center offers chiropractic adjustment, laser therapy, muscle therapy and other services. Founder and owner Brian Miller is a chiropractor, the release shows. 

“Here at HCRC we treat a lot of acute patients, and this new space will allow our patients to get the treatment they need,” Miller said in the WEDC release. 

Funding for the expansion came from WEDC’s Community Development Investment Grant program, and was used to add a 24-hour gym, massage therapy services and more. 

See the release: https://www.wisbusiness.com/2023/wisconsin-economic-development-corporation-city-of-hillsboro-receives-a-250000-state-grant-to-support-construction-of-a-community-wellness-center/ 

— Madison-based NorthStar Medical Radioisotopes has announced a new supply agreement with Bayer, one of the largest pharmaceutical companies in the world. 

Through the agreement, NorthStar will provide the German corporation with a medical radioisotope called actinium‐225. It will be used by Bayer for several of its radiopharmaceutical programs.

In a statement, NorthStar Medical Radioisotopes CEO and President Frank Scholz said the companies “share a vision of developing and delivering innovative technology and compounds to drive research and ensure clinical availability or targeted radiopharmaceutical therapies for patients with cancer and other serious diseases.”

See more at Madison Startups: https://www.madisonstartups.com/northstar-bayer-establish-agreement/ 

<br><b><i>Top headlines from the Health Care Report…</b></i> 

— About 60 percent of Medicaid members in Wisconsin who were scheduled to renew coverage in June began that process last month, state health officials announced. 

<i>For more of the most relevant news on COVID-19, reports on groundbreaking health research in Wisconsin, links to top stories and more, sign up today for the free daily Health Care Report from WisPolitics.com and WisBusiness.com.</i> 

Sign up here: http://forms.gle/o8FtqTLviGJPja8C9

#TOP STORIES#

# Advocates for Wisconsin’s largest dairies want less regulation for CAFOs. Environmental groups call it a ‘really big threat.’

https://www.jsonline.com/story/news/politics/2023/07/21/wisconsin-dairy-groups-sue-dnr-over-cafo-regulation/70421287007/

# Why do median home prices in 3 Wisconsin counties top $400K?

https://www.wpr.org/median-home-prices-wisconsin-counties-expensive-zoning

# Jeff Sippel is optimistic about tech at Northwestern Mutual 

https://www.bizjournals.com/milwaukee/news/2023/07/20/jeff-sippel-northwestern-mutual-chief-information.html

#TOPICS#

# AGRIBUSINESS

– UW to showcase agricultural research at Sheridan Field Day

http://wisconsinagconnection.com/story-state.php?Id=702&yr=2023 

– Professional Dairy Producers Foundation announces grant awards

http://wisconsinagconnection.com/story-state.php?Id=703&yr=2023 

# CONSTRUCTION

– Developer behind stymied Drew Tower plan pursuing another apartment project in Wauwatosa 

https://www.bizjournals.com/milwaukee/news/2023/07/21/johnny-v-vassallo-drew-tower-wauwatosa-apartments.html

– Zenith Tech will work on downtown Milwaukee pedestrian plaza honoring civil rights leader 

– Contractors cite cost increases with new state building code, but HVAC engineers say it will save money 

# ECONOMY

– Number of jobs in Wisconsin reaches record high as unemployment hovers near record lows 

https://www.wpr.org/jobs-wisconsin-reaches-record-high-unemployment-hovers-near-record-lows

– Sales tax approval critical to Milwaukee County’s future 

https://www.bizjournals.com/milwaukee/news/2023/07/21/sales-tax-approval-critical-to-milwaukee-countys.html

– Unused pandemic relief funds will go to child care industry 

https://www.postcrescent.com/story/news/education/2023/07/21/wisconsin-oks-unused-pandemic-relief-funds-for-child-care-counts/70440576007/

# ENVIRONMENT

– As the Southwest sizzles in a record-long heat wave, Wisconsin has been cooler. That’s about to change. 

https://www.wpr.org/southwest-sizzles-record-long-heat-wave-wisconsin-has-been-cooler-thats-about-change

– Rice Lake Walmart cleans up after large hail breaks through skylights, floods store 

https://www.jsonline.com/story/weather/2023/07/21/rice-lake-wisconsin-walmart-flooded-after-hail-falls-through-roof/70444262007/

# HEALTH CARE

– In first month of Medicaid unwinding, 1 in 3 Wisconsinites due for renewal kept coverage 

https://www.jsonline.com/story/news/health/2023/07/20/1-in-3-wisconsinites-due-for-renewal-kept-coverage-state-data-shows/70440251007/

# LEGAL

– Absentee voting rules violate Wisconsin Constitution, lawsuit alleges 

https://captimes.com/news/government/absentee-voting-rules-violate-wisconsin-constitution-lawsuit-alleges/article_e6376ea7-bc8d-5aa8-b1bd-31e7ac764f37.html

– ‘Forever chemical’ contamination on French Island leads to $42 million claim against La Crosse 

https://www.jsonline.com/story/news/local/wisconsin/2023/07/21/la-crosse-could-face-lawsuit-over-forever-chemicals-on-french-island/70420424007/

# MANUFACTURING

– Briggs & Stratton CEO steps down suddenly due to personal reasons 

# POLITICS

– Chair, vice chair of Milwaukee Fire and Police Commission resign after new Wisconsin law called Act 12 strips power 

https://www.jsonline.com/story/news/politics/2023/07/20/milwaukee-police-oversight-leaders-resign-after-new-law-strips-power/70437536007/

# REAL ESTATE

– Demand for housing in Wisconsin cools as prices, mortgage rates rise 

https://www.bizjournals.com/milwaukee/news/2023/07/21/state-housing-demand-eases-prices-rise-sales-slow.html

– Atid properties sells apartment portfolio to another local investor 

https://www.bizjournals.com/milwaukee/news/2023/07/21/atid-properties-sells-apartments-investor-enigma.html

# SPORTS

– GOAL! Wisconsin businesses host watch parties as US Women’s National Team shoots for soccer history 

https://www.wpr.org/wisconsin-businesses-watch-us-womens-national-team-uswnt-soccer-world-cup

– What you need to know about the Packers shareholder meeting, from parking to food

https://www.greenbaypressgazette.com/story/sports/nfl/packers/2023/07/20/green-bay-packers-shareholders-meeting-what-you-need-to-know/70401378007/

# TOURISM

– German Fest hopes to return to pre-pandemic attendance numbers 

https://www.bizjournals.com/milwaukee/news/2023/07/21/german-fest-hopes-pre-pandemic-attendance.html

– Northwestern Mutual’s annual meeting reinforces value of human connection 

– Plane bound for EAA AirVenture Oshkosh crashes in Fond du Lac County

https://www.postcrescent.com/story/news/local/2023/07/23/plane-bound-for-eaa-airventure-oshkosh-crashes-in-fond-du-lac-county/70452820007/

# TRANSPORTATION

– Milwaukee County receives $400,000 federal grant to study traffic calming and bus lane 

https://dailyreporter.com/category/general/

# PRESS RELEASES

<i>See these and other press releases:

http://wisbusiness.com/index.iml?Content=82 </i>

Wisconsin Economic Development Corporation: City of Hillsboro receives a $250,000 state grant to support construction of a community wellness center

SEC, NASAA, and Wisconsin DFI: To host Investor Roundtable in Madison, Wisconsin on July 25