Tourism-driven development is threatening one of Puerto Rico's greatest draws: its rural coastlines.R9 Studios FL/Flickr, CC BY
As world travel rebounds after two years of COVID-19 shutdowns and restrictions, marketers and the media are promoting Puerto Rico as an accessible hot spot destination for continental U.S. travelers. The commonwealth set a visitor record in 2021, and it is expanding tourism-related development to continue wooing travelers away from more exotic destinations.
As scholars who study anthropology and coastal communities, we believe it is important to understand what Puerto Rico is losing in the quest for ever-increasing tourist business. For the rural coastal communities where we do our research, habitat is tied to residents’ cultural identity and economic well-being.
For the last two decades, we have documented how many rural Puerto Ricans’ lives are inextricably linked to coastal forests and wetland habitats. These communities often are poor, neglected by the state and disproportionately affected by pollution and noxious industries. Decisions about the future of the coast too often are made without accounting for human impacts.
By law, all beaches on Puerto Rico are public, but many people say construction threatens the island’s natural resources.
Around the world, these areas are under stress from climate change, tourism and luxury residential development. But these zones weren’t always prized so highly.
In the early 20th century, however, tropical coasts started attracting attention from the global leisure class. In 1919, the Vanderbilt Hotel opened in San Juan, followed in 1949 by the massive Caribe Hilton resort – the first Hilton hotel outside the continental U.S., built in partnership with the Puerto Rican government. Many more hotels followed, along with casinos and golf courses.
Today, Puerto Rico’s rural coastal communities have to compete for space and resources against tourism development, gentrification, urbanization, industry and conservation. Often these uses are not compatible with local lifestyles.
For example, people from communities near mangrove forests, like Las Mareas in southern Puerto Rico, are no longer permitted to harvest small amounts of mangrove wood to build traditional fishing boats. At the same time, they see wealthy residents and developers destroying entire tracts of mangrove forest with impunity. Some coastal communities are starting to push back.
Wealthy Puerto Ricans clandestinely developed this waterfront site for weekend homes. Residents of Las Mareas had been alerting local authorities for well over a decade about destruction of the mangroves, to no avail. Federal authorities and Puerto Rico’s Justice Department are now conducting a criminal investigation of the illegal construction.
Construction at the Jobos Bay National Estuarine Research Reserve, in Salinas, Puerto Rico, May 3, 2022. Puerto Rico’s Justice Department has launched a criminal investigation into destruction in the ecological reserve.AP Photo/Carlos Giusti
This case led to widespread public outrage about similar instances around the archipelago. Puerto Ricans are condemning local government agencies online and in person for what they describe as incompetence, corruption and a lack of monitoring and oversight.
One hot-button issue is privatization and destruction of the Zona Marítimo Terrestre, or Terrestrial Maritime Zone. This area is legally defined as “Puerto Rico’s coastal space that is bordered by the sea’s ebb and flow” – that is, between the low and high tide or up to the highest point of the surf zone. It includes beaches, mangroves and other coastal wetlands, and is publicly owned.
A poster in a seafood market in the village of Pozuelo, Guayama, reads ‘Stop the destruction and privatization of the coasts.’Hilda Llorens, CC BY-ND
Activists are urging Gov. Pedro Pierluisi to declare a comprehensive moratorium on all coastal construction, a demand the governor calls “excessive.” A popular protest slogan, “Las playas son del pueblo!” (“Beaches belong to the people”), aptly summarizes popular feeling.
Overlooked value
Coastal development generates a lot of money in Puerto Rico, but what is gained by conserving these areas for use by local communities? In research that we carried out in 2010-2013 and 2016-2021, we found that coastal resources provide many benefits for local residents that are not easily replaced.
Our results show that about one-third of households in these communities rely on coastal goods for at least part of their income, while more than two-thirds rely on them as food sources. Local harvesters supply family-owned seafood restaurants with foods such as land crabs, helping to attract economic activity to the coast.
Religious-themed murals commonly illustrate the importance of productive coasts for seaside Puerto Rican communities.Hilda Llorens, CC BY-ND
We also found that residents rely more heavily on local coastal foods during times of severe economic stress, such as recessions and natural disasters. In the aftermath of Hurricanes Irma and María, for example, many residents in the southern towns of Salinas and Santa Isabel harvested unusually abundant land crabs when it was hard to find other foods. Some even saw this abundance as divine restitution for the suffering the storm inflicted on them.
Local economies in these communities consist mainly of small-scale, community-based transactions that include gifting, bartering and selling. Their social and economic impacts often go unnoticed and are underestimated in official economic accounts, so they aren’t reflected in decisions about coastal development. But as our work shows, coastal ecosystems are ecologically, economically and socially productive places.
In 2010, we asked people living along Puerto Rico’s southern coast: “What would your community look like without access to the mangrove and its bounties?” The owner of a family restaurant, replied: “The answer is easy. Without access to coastal resources, this community would be dead and sad.”
Carlos G. García-Quijano has received funding from the National Science Foundation and the National Oceanic and Atmospheric Administration-Sea Grant.
Hilda Lloréns has received funding from the National Science Foundation, the National Oceanic and Atmospheric Administration-Sea Grant, and the University of Rhode Island's Arts & Sciences Dean's Opportunity Fund.
Watch Yield Curve For When Stocks Begin To Price Recession Risk
Authored by Simon White, Bloomberg macro strategist,
US large-cap indices are currently diverging from recessionary leading economic data. However, a decisive steepening in the yield curve leaves growth stocks and therefore the overall index facing lower prices.
Leading economic data has been signalling a recession for several months. Typically stocks closely follow the ratio between leading and coincident economic data.
As the chart below shows, equities have recently emphatically diverged from the ratio, indicating they are supremely indifferent to very high US recession risk.
What gives? Much of the recent outperformance of the S&P has been driven by a tiny number of tech stocks. The top five S&P stocks’ mean return this year is over 60% versus 0% for the average return of the remaining 498 stocks.
The belief that generative AI is imminently about to radically change the economy and that Nvidia especially is positioned to benefit from this has been behind much of this narrow leadership.
Regardless on your views whether this is overdone or not, it has re-established growth’s dominance over value. Energy had been spearheading the value trade up until around March, but since then tech –- the vessel for many of the largest growth stocks –- has been leading the S&P higher.
The yield curve’s behaviour will be key to watch for a reversion of this trend, and therefore a heightened risk of S&P 500 underperformance. Growth stocks tend to outperform value stocks when the curve flattens. This is because growth companies often have a relative advantage over typically smaller value firms by being able to borrow for longer terms. And vice-versa when the curve steepens, growth firms lose this relative advantage and tend to underperform.
The chart below shows the relationship, which was disrupted through the pandemic. Nonetheless, if it re-establishes itself then the curve beginning to durably re-steepen would be a sign growth stocks will start to underperform again, taking the index lower in the process.
Equivalently, a re-acceleration in US inflation (whose timing depends on China’s halting recovery) is more likely to put steepening pressure on the curve as the Fed has to balance economic growth more with inflation risks. Given the growth segment’s outperformance is an indication of the market’s intensely relaxed attitude to inflation, its resurgence would be a high risk for sending growth stocks lower.
COVID-19 lockdowns linked to less accurate recollection of event timing
Participants in a survey study made a relatively high number of errors when asked to recollect the timing of major events that took place in 2021, providing…
Participants in a survey study made a relatively high number of errors when asked to recollect the timing of major events that took place in 2021, providing new insights into how COVID-19 lockdowns impacted perception of time. Daria Pawlak and Arash Sahraie of the University of Aberdeen, UK, present these findings in the open-access journal PLOS ONE on May 31, 2023.
Participants in a survey study made a relatively high number of errors when asked to recollect the timing of major events that took place in 2021, providing new insights into how COVID-19 lockdowns impacted perception of time. Daria Pawlak and Arash Sahraie of the University of Aberdeen, UK, present these findings in the open-access journal PLOS ONE on May 31, 2023.
Remembering when past events occurred becomes more difficult as more time passes. In addition, people’s activities and emotions can influence their perception of the passage of time. The social isolation resulting from COVID-19 lockdowns significantly impacted people’s activities and emotions, and prior research has shown that the pandemic triggered distortions in people’s perception of time.
Inspired by that earlier research and clinical reports that patients have become less able to report accurate timelines of their medical conditions, Pawlak and Sahraie set out to deepen understanding of the pandemic’s impact on time perception.
In May 2022, the researchers conducted an online survey in which they asked 277 participants to give the year in which several notable recent events occurred, such as when Brexit was finalized or when Meghan Markle joined the British royal family. Participants also completed standard evaluations for factors related to mental health, including levels of boredom, depression, and resilience.
As expected, participants’ recollection of events that occurred further in the past was less accurate. However, their perception of the timing of events that occurred in 2021—one year prior to the survey—was just an inaccurate as for events that occurred three to four years earlier. In other words, many participants had difficulty recalling the timing of events coinciding with COVID-19 lockdowns.
Additionally, participants who made more errors in event timing were also more likely to show greater levels of depression, anxiety, and physical mental demands during the pandemic, but had less resilience. Boredom was not significantly associated with timeline accuracy.
These findings are similar to those previously reported for prison inmates. The authors suggest that accurate recollection of event timing requires “anchoring” life events, such as birthday celebrations and vacations, which were lacking during COVID-19 lockdowns.
The authors add: “Our paper reports on altered timescapes during the pandemic. In a landscape, if features are not clearly discernible, it is harder to place objects/yourself in relation to other features. Restrictions imposed during the pandemic have impoverished our timescape, affecting the perception of event timelines. We can recall that events happened, we just don’t remember when.
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In your coverage please use this URL to provide access to the freely available article in PLOS ONE: https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0278250
Citation: Pawlak DA, Sahraie A (2023) Lost time: Perception of events timeline affected by the COVID pandemic. PLoS ONE 18(5): e0278250. https://doi.org/10.1371/journal.pone.0278250
Author Countries: UK
Funding: The authors received no specific funding for this work.
Journal
PLoS ONE
DOI
10.1371/journal.pone.0278250
Method of Research
Survey
Subject of Research
Not applicable
Article Title
Lost time: Perception of events timeline affected by the COVID pandemic
Article Publication Date
31-May-2023
COI Statement
The authors have declared that no competing interests exist.
Hyro secures $20M for its AI-powered, healthcare-focused conversational platform
Israel Krush and Rom Cohen first met in an AI course at Cornell Tech, where they bonded over a shared desire to apply AI voice technologies to the healthcare…
Israel Krush and Rom Cohen first met in an AI course at Cornell Tech, where they bonded over a shared desire to apply AI voice technologies to the healthcare sector. Specifically, they sought to automate the routine messages and calls that often lead to administrative burnout, like calls about scheduling, prescription refills and searching through physician directories.
Several years after graduating, Krush and Cohen productized their ideas with Hyro, which uses AI to facilitate text and voice conversations across the web, call centers and apps between healthcare organizations and their clients. Hyro today announced that it raised $20 million in a Series B round led by Liberty Mutual, Macquarie Capital and Black Opal, bringing the startup’s total raised to $35 million.
Krush says that the new cash will be put toward expanding Hyro’s go-to-market teams and R&D.
“When we searched for a domain that would benefit from transforming these technologies most, we discovered and validated that healthcare, with staffing shortages and antiquated processes, had the greatest need and pain points, and have continued to focus on this particular vertical,” Krush told TechCrunch in an email interview.
To Krush’s point, the healthcare industry faces a major staffing shortfall, exacerbated by the logistical complications that arose during the pandemic. In a recent interview with Keona Health, Halee Fischer-Wright, CEO of Medical Group Management Association (MGMA), said that MGMA’s heard that 88% of medical practices have had difficulties recruiting front-of-office staff over the last year. By another estimates, the healthcare field has lost 20% of its workforce.
Hyro doesn’t attempt to replace staffers. But it does inject automation into the equation. The platform is essentially a drop-in replacement for traditional IVR systems, handling calls and texts automatically using conversational AI.
Hyro can answer common questions and handle tasks like booking or rescheduling an appointment, providing engagement and conversion metrics on the backend as it does so.
Plenty of platforms do — or at least claim to. See RedRoute, a voice-based conversational AI startup that delivers an “Alexa-like” customer service experience over the phone. Elsewhere, there’s Omilia, which provides a conversational solution that works on all platforms (e.g. phone, web chat, social networks, SMS and more) and integrates with existing customer support systems.
But Krush claims that Hyro is differentiated. For one, he says, it offers an AI-powered search feature that scrapes up-to-date information from a customer’s website — ostensibly preventing wrong answers to questions (a notorious problem with text-generating AI). Hyro also boasts “smart routing,” which enables it to “intelligently” decide whether to complete a task automatically, send a link to self-serve via SMS or route a request to the right department.
A bot created using Hyro’s development tools. Image Credits: Hyro
“Our AI assistants have been used by tens of millions of patients, automating conversations on various channels,” Krush said. “Hyro creates a feedback loop by identifying missing knowledge gaps, basically mimicking the operations of a call center agent. It also shows within a conversation exactly how the AI assistant deduced the correct response to a patient or customer query, meaning that if incorrect answers were given, an enterprise can understand exactly which piece of content or dataset is labeled incorrectly and fix accordingly.”
Of course, no technology’s perfect, and Hyro’s likely isn’t an exception to the rule. But the startup’s sales pitch was enough to win over dozens of healthcare networks, providers and hospitals as clients, including Weill Cornell Medicine. Annual recurring revenue has doubled since Hyro went to market in 2019, Krush claims.
Hyro’s future plans entail expanding to industries adjacent to healthcare, including real estate and the public sector, as well as rounding out the platform with more customization options, business optimization recommendations and “variety” in the AI skills that Hyro supports.
“The pandemic expedited digital transformation for healthcare and made the problems we’re solving very clear and obvious (e.g. the spike in calls surrounding information, access to testing, etc.),” Krush said. “We were one of the first to offer a COVID-19 virtual assistant that deployed in under 48 hours based on trusted information from the health system and trusted resources such as the CDC and World Health Organization …. Hyro is well funded, with good growth and momentum, and we’ve always managed a responsible budget, so we’re actually looking to expand and gather more market share while competitors are slowing down.”
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