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University of Miami selected to prestigious Association of American Universities

The University of Miami has been chosen as one of the newest members of the esteemed Association of American Universities (AAU), a distinguished national…

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The University of Miami has been chosen as one of the newest members of the esteemed Association of American Universities (AAU), a distinguished national organization of leading research universities founded in 1900.

Credit: University of Miami

The University of Miami has been chosen as one of the newest members of the esteemed Association of American Universities (AAU), a distinguished national organization of leading research universities founded in 1900.

The invitation to join the prestigious organization—considered the gold standard in American higher education—comes as the University’s research and sponsored program expenditures totaled more than $413 million in fiscal year 2022, demonstrating a critical focus to address the world’s most complex issues.

“There are special moments in the life of a university that not only reward our hard work but, more importantly, reaffirm our strategic vision and time-honored mission,” said University President Julio Frenk. “Today is a great day for all of us who love and support the University of Miami and who have invested our efforts and hearts in its continuous quest for excellence.”

The University of Miami received the membership invitation along with Arizona State University; the George Washington University; the University of California, Riverside; the University of Notre Dame; and the University of South Florida. The addition of these six leading research universities brings AAU’s membership total to 71 institutions—69 American and two Canadian universities. The member institutions transform lives through education, research, and innovation.

“We are very proud to have these six distinguished universities from across the United States join AAU,” said AAU President Barbara R. Snyder. “We look forward to working with all of these universities to continue advancing higher education and laying the scientific foundation that helps keep our economy strong and our nation healthy and safe.”

Research Excellence

Now formally recognized among the top tier of universities in North America, the research taking place at the University of Miami demonstrates the depth and breadth of the institution’s 12 schools and colleges working to boldly identify and seek solutions for the world’s greatest challenges.

At the Leonard M. Miller School of Medicine and UHealth, where research priorities include cancer, neuroscience, immunology, stem cell biology, and genetics, scientists received an unprecedented $175 million in federal grant funding for the 2022 research cycle. Cancer research has grown exponentially to earn National Cancer Institute designation for Sylvester Comprehensive Cancer Center. The Miller School is home to the No. 2 ranked NIH-funded program in genetics, which includes research to tackle Alzheimer’s and other devastating illnesses that affect millions of people. Additionally, research in COVID-19, HIV, and Zika have placed the Miller School at the forefront of discovery in infectious diseases.

At the Rosenstiel School of Marine, Atmospheric, and Earth Science, longstanding research in marine science, marine biology, climate and weather prediction and modeling, and ecosystem science and policy have paved the way for further areas of focus, where governmental partners look to the University’s research for answers to keeping millions of people and their property out of harm’s way. As part of the Defense Advanced Research Projects Agency’s national Reefense research program, the Rosenstiel School—the top recipient of funding with the $7.5 million federal grant—will lead the development of innovative hybrid biological and engineered reef structures designed to accelerate the protection of vulnerable coastal regions in Florida and the Caribbean. The total sponsored research annual expenditure at the Rosenstiel School has increased from $41.7 million in 2016 to $70 million in 2023, with an average annual research expenditure per faculty member of $1.03 million.

The University continues to leverage gains in research to attract stellar scholars across disciplines. For instance, the School of Nursing and Health Studies ranks 25th among nursing schools in NIH funding. The Department of Psychology in the College of Arts and Sciences is currently among the top six at private universities, and top 20 of all universities in NIH funding. Research in the humanities, arts, and social sciences ranks among the top 10 percent of all research universities. And since 2015, the University has increased its engineering research expenditures by 180 percent to $9 million today, growing its College of Engineering Ph.D. students’ population by 20 percent.

In 2022, the University launched the Climate Resilience Academy—an interdisciplinary unit that supports the University’s 12 schools and colleges in collaborative, problem-driven research and education to train the next generation of researchers, as well as deliver actions to combat climate change impacts and other environmental stressors, in partnership with industry, government, and other stakeholders.

Sixteen researchers affiliated with the University claim membership to the National Academies of Science, Engineering, and Medicine, whose mission is to provide independent, trustworthy advice and facilitate solutions to complex challenges by mobilizing expertise, practice, and knowledge in science, engineering, and medicine.

And across the institution, the University of Miami Laboratory for Integrative Knowledge (U-LINK) connects faculty members from a range of disciplines in a shared goal to solve large societal challenges. Forging relationships with local institutions, government agencies, and community partner organizations, U-LINK research teams last year examined how local communities can preserve and support residents equitably, despite impacts of climate change.

“The AAU offers an invaluable network across higher education and beyond,” Frenk said. “We may have our own individual institutional mandates, but whether we are looking at innovation and discovery, the dissemination of knowledge and promotion of understanding, the celebration of our diverse and unique experiences, the guiding and implementation of evidence-based public policies and best practices—each of these worthy endeavors share the prime directive to promote, protect, and preserve our people and our planet.”

Continued Excellence

“I’m excited to invite these six diverse institutions to AAU,” said Carol L. Folt, AAU board chair and president of the University of Southern California. “AAU members are distinguished by the quality of their education and research. It is a testament to our higher education system that we have this many leading research universities in every corner of our country. Congratulations to the faculty, staff, and students for this recognition of their hard work and their leadership in research and education. We look forward to our joint efforts to continue to transform lives through higher education.”

Membership in AAU is by invitation only and is based on an extensive set of quantitative indicators that assess the breadth and quality of a university’s research and education. AAU invitations do not occur annually; this year’s invitations come after one institution was invited in 2021.

Frenk recognized that the University is one of only two private and a handful of public institutional members established in the 20th century to receive this distinction.

“As we approach our Centennial in 2025, we do so with this defining moment firmly realized,” he said.


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Aging at AACR Annual Meeting 2024

BUFFALO, NY- March 11, 2024 – Impact Journals publishes scholarly journals in the biomedical sciences with a focus on all areas of cancer and aging…

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BUFFALO, NY- March 11, 2024 – Impact Journals publishes scholarly journals in the biomedical sciences with a focus on all areas of cancer and aging research. Aging is one of the most prominent journals published by Impact Journals

Credit: Impact Journals

BUFFALO, NY- March 11, 2024 – Impact Journals publishes scholarly journals in the biomedical sciences with a focus on all areas of cancer and aging research. Aging is one of the most prominent journals published by Impact Journals

Impact Journals will be participating as an exhibitor at the American Association for Cancer Research (AACR) Annual Meeting 2024 from April 5-10 at the San Diego Convention Center in San Diego, California. This year, the AACR meeting theme is “Inspiring Science • Fueling Progress • Revolutionizing Care.”

Visit booth #4159 at the AACR Annual Meeting 2024 to connect with members of the Aging team.

About Aging-US:

Aging publishes research papers in all fields of aging research including but not limited, aging from yeast to mammals, cellular senescence, age-related diseases such as cancer and Alzheimer’s diseases and their prevention and treatment, anti-aging strategies and drug development and especially the role of signal transduction pathways such as mTOR in aging and potential approaches to modulate these signaling pathways to extend lifespan. The journal aims to promote treatment of age-related diseases by slowing down aging, validation of anti-aging drugs by treating age-related diseases, prevention of cancer by inhibiting aging. Cancer and COVID-19 are age-related diseases.

Aging is indexed and archived by PubMed/Medline (abbreviated as “Aging (Albany NY)”), PubMed CentralWeb of Science: Science Citation Index Expanded (abbreviated as “Aging‐US” and listed in the Cell Biology and Geriatrics & Gerontology categories), Scopus (abbreviated as “Aging” and listed in the Cell Biology and Aging categories), Biological Abstracts, BIOSIS Previews, EMBASE, META (Chan Zuckerberg Initiative) (2018-2022), and Dimensions (Digital Science).

Please visit our website at www.Aging-US.com​​ and connect with us:

  • Aging X
  • Aging Facebook
  • Aging Instagram
  • Aging YouTube
  • Aging LinkedIn
  • Aging SoundCloud
  • Aging Pinterest
  • Aging Reddit

Click here to subscribe to Aging publication updates.

For media inquiries, please contact media@impactjournals.com.


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NY Fed Finds Medium, Long-Term Inflation Expectations Jump Amid Surge In Stock Market Optimism

NY Fed Finds Medium, Long-Term Inflation Expectations Jump Amid Surge In Stock Market Optimism

One month after the inflation outlook tracked…

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NY Fed Finds Medium, Long-Term Inflation Expectations Jump Amid Surge In Stock Market Optimism

One month after the inflation outlook tracked by the NY Fed Consumer Survey extended their late 2023 slide, with 3Y inflation expectations in January sliding to a record low 2.4% (from 2.6% in December), even as 1 and 5Y inflation forecasts remained flat, moments ago the NY Fed reported that in February there was a sharp rebound in longer-term inflation expectations, rising to 2.7% from 2.4% at the three-year ahead horizon, and jumping to 2.9% from 2.5% at the five-year ahead horizon, while the 1Y inflation outlook was flat for the 3rd month in a row, stuck at 3.0%. 

The increases in both the three-year ahead and five-year ahead measures were most pronounced for respondents with at most high school degrees (in other words, the "really smart folks" are expecting deflation soon). The survey’s measure of disagreement across respondents (the difference between the 75th and 25th percentile of inflation expectations) decreased at all horizons, while the median inflation uncertainty—or the uncertainty expressed regarding future inflation outcomes—declined at the one- and three-year ahead horizons and remained unchanged at the five-year ahead horizon.

Going down the survey, we find that the median year-ahead expected price changes increased by 0.1 percentage point to 4.3% for gas; decreased by 1.8 percentage points to 6.8% for the cost of medical care (its lowest reading since September 2020); decreased by 0.1 percentage point to 5.8% for the cost of a college education; and surprisingly decreased by 0.3 percentage point for rent to 6.1% (its lowest reading since December 2020), and remained flat for food at 4.9%.

We find the rent expectations surprising because it is happening just asking rents are rising across the country.

At the same time as consumers erroneously saw sharply lower rents, median home price growth expectations remained unchanged for the fifth consecutive month at 3.0%.

Turning to the labor market, the survey found that the average perceived likelihood of voluntary and involuntary job separations increased, while the perceived likelihood of finding a job (in the event of a job loss) declined. "The mean probability of leaving one’s job voluntarily in the next 12 months also increased, by 1.8 percentage points to 19.5%."

Mean unemployment expectations - or the mean probability that the U.S. unemployment rate will be higher one year from now - decreased by 1.1 percentage points to 36.1%, the lowest reading since February 2022. Additionally, the median one-year-ahead expected earnings growth was unchanged at 2.8%, remaining slightly below its 12-month trailing average of 2.9%.

Turning to household finance, we find the following:

  • The median expected growth in household income remained unchanged at 3.1%. The series has been moving within a narrow range of 2.9% to 3.3% since January 2023, and remains above the February 2020 pre-pandemic level of 2.7%.
  • Median household spending growth expectations increased by 0.2 percentage point to 5.2%. The increase was driven by respondents with a high school degree or less.
  • Median year-ahead expected growth in government debt increased to 9.3% from 8.9%.
  • The mean perceived probability that the average interest rate on saving accounts will be higher in 12 months increased by 0.6 percentage point to 26.1%, remaining below its 12-month trailing average of 30%.
  • Perceptions about households’ current financial situations deteriorated somewhat with fewer respondents reporting being better off than a year ago. Year-ahead expectations also deteriorated marginally with a smaller share of respondents expecting to be better off and a slightly larger share of respondents expecting to be worse off a year from now.
  • The mean perceived probability that U.S. stock prices will be higher 12 months from now increased by 1.4 percentage point to 38.9%.
  • At the same time, perceptions and expectations about credit access turned less optimistic: "Perceptions of credit access compared to a year ago deteriorated with a larger share of respondents reporting tighter conditions and a smaller share reporting looser conditions compared to a year ago."

Also, a smaller percentage of consumers, 11.45% vs 12.14% in prior month, expect to not be able to make minimum debt payment over the next three months

Last, and perhaps most humorous, is the now traditional cognitive dissonance one observes with these polls, because at a time when long-term inflation expectations jumped, which clearly suggests that financial conditions will need to be tightened, the number of respondents expecting higher stock prices one year from today jumped to the highest since November 2021... which incidentally is just when the market topped out during the last cycle before suffering a painful bear market.

Tyler Durden Mon, 03/11/2024 - 12:40

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Homes listed for sale in early June sell for $7,700 more

New Zillow research suggests the spring home shopping season may see a second wave this summer if mortgage rates fall
The post Homes listed for sale in…

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  • A Zillow analysis of 2023 home sales finds homes listed in the first two weeks of June sold for 2.3% more. 
  • The best time to list a home for sale is a month later than it was in 2019, likely driven by mortgage rates.
  • The best time to list can be as early as the second half of February in San Francisco, and as late as the first half of July in New York and Philadelphia. 

Spring home sellers looking to maximize their sale price may want to wait it out and list their home for sale in the first half of June. A new Zillow® analysis of 2023 sales found that homes listed in the first two weeks of June sold for 2.3% more, a $7,700 boost on a typical U.S. home.  

The best time to list consistently had been early May in the years leading up to the pandemic. The shift to June suggests mortgage rates are strongly influencing demand on top of the usual seasonality that brings buyers to the market in the spring. This home-shopping season is poised to follow a similar pattern as that in 2023, with the potential for a second wave if the Federal Reserve lowers interest rates midyear or later. 

The 2.3% sale price premium registered last June followed the first spring in more than 15 years with mortgage rates over 6% on a 30-year fixed-rate loan. The high rates put home buyers on the back foot, and as rates continued upward through May, they were still reassessing and less likely to bid boldly. In June, however, rates pulled back a little from 6.79% to 6.67%, which likely presented an opportunity for determined buyers heading into summer. More buyers understood their market position and could afford to transact, boosting competition and sale prices.

The old logic was that sellers could earn a premium by listing in late spring, when search activity hit its peak. Now, with persistently low inventory, mortgage rate fluctuations make their own seasonality. First-time home buyers who are on the edge of qualifying for a home loan may dip in and out of the market, depending on what’s happening with rates. It is almost certain the Federal Reserve will push back any interest-rate cuts to mid-2024 at the earliest. If mortgage rates follow, that could bring another surge of buyers later this year.

Mortgage rates have been impacting affordability and sale prices since they began rising rapidly two years ago. In 2022, sellers nationwide saw the highest sale premium when they listed their home in late March, right before rates barreled past 5% and continued climbing. 

Zillow’s research finds the best time to list can vary widely by metropolitan area. In 2023, it was as early as the second half of February in San Francisco, and as late as the first half of July in New York. Thirty of the top 35 largest metro areas saw for-sale listings command the highest sale prices between May and early July last year. 

Zillow also found a wide range in the sale price premiums associated with homes listed during those peak periods. At the hottest time of the year in San Jose, homes sold for 5.5% more, a $88,000 boost on a typical home. Meanwhile, homes in San Antonio sold for 1.9% more during that same time period.  

 

Metropolitan Area Best Time to List Price Premium Dollar Boost
United States First half of June 2.3% $7,700
New York, NY First half of July 2.4% $15,500
Los Angeles, CA First half of May 4.1% $39,300
Chicago, IL First half of June 2.8% $8,800
Dallas, TX First half of June 2.5% $9,200
Houston, TX Second half of April 2.0% $6,200
Washington, DC Second half of June 2.2% $12,700
Philadelphia, PA First half of July 2.4% $8,200
Miami, FL First half of June 2.3% $12,900
Atlanta, GA Second half of June 2.3% $8,700
Boston, MA Second half of May 3.5% $23,600
Phoenix, AZ First half of June 3.2% $14,700
San Francisco, CA Second half of February 4.2% $50,300
Riverside, CA First half of May 2.7% $15,600
Detroit, MI First half of July 3.3% $7,900
Seattle, WA First half of June 4.3% $31,500
Minneapolis, MN Second half of May 3.7% $13,400
San Diego, CA Second half of April 3.1% $29,600
Tampa, FL Second half of June 2.1% $8,000
Denver, CO Second half of May 2.9% $16,900
Baltimore, MD First half of July 2.2% $8,200
St. Louis, MO First half of June 2.9% $7,000
Orlando, FL First half of June 2.2% $8,700
Charlotte, NC Second half of May 3.0% $11,000
San Antonio, TX First half of June 1.9% $5,400
Portland, OR Second half of April 2.6% $14,300
Sacramento, CA First half of June 3.2% $17,900
Pittsburgh, PA Second half of June 2.3% $4,700
Cincinnati, OH Second half of April 2.7% $7,500
Austin, TX Second half of May 2.8% $12,600
Las Vegas, NV First half of June 3.4% $14,600
Kansas City, MO Second half of May 2.5% $7,300
Columbus, OH Second half of June 3.3% $10,400
Indianapolis, IN First half of July 3.0% $8,100
Cleveland, OH First half of July  3.4% $7,400
San Jose, CA First half of June 5.5% $88,400

 

The post Homes listed for sale in early June sell for $7,700 more appeared first on Zillow Research.

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