Explaining to your child why behavior is wrong may not always work

UNIVERSITY OF MICHIGAN

Research News

 

Parents know the scenario all too well: their child misbehaves and it comes time for discipline.

Research conducted globally shows that spanking is not the best option. But verbal reasoning, which explains why the behavior is wrong, may not always have the intended positive effect if the parent is loud and abrupt, according to a new University of Michigan study.

The findings indicate both positive and negative outcomes that could have lasting consequences on children's emotional development. Verbal reasoning was associated with higher levels of getting along with others, but also with increased aggression and higher levels of distraction.

"Positive discipline doesn't always seem to have all that many positive benefits," said Andrew Grogan-Kaylor, professor of social work and lead author of the study published in the latest issue of International Journal of Behavioral Development.

"It's more likely that the long-term investments that parents make in children, such as spending time with them, letting them know they are loved and listening to them, have more positive effects than nonviolent discipline. This has yet to be thoroughly researched in a global context."

Research has continually shown that spanking leads to negative child outcomes, such as aggression and distraction, regardless of the context in which children are disciplined, including country, race and ethnicity, and neighborhood.

In the new study, researchers at U-M's Ann Arbor and Flint campuses analyzed different forms of punishment associated with children's behaviors in a global sample of nearly 216,000 families from 62 countries. The data came from the United Nations Children's Fund Multiple Indicator Cluster Surveys.

The results confirmed that spanking was not associated with children getting along with their counterparts. It also led to increased aggression and distraction. For nonviolent discipline, which involved verbal reasoning and taking away privileges, mixed outcomes occurred, Grogan-Kaylor said.

Verbal reasoning did promote one positive result: Children were more prosocial with others, especially in countries where this discipline was more common. Surprisingly, verbal reasoning also increased aggression, likely in cases when the parents used harsh tones and language, the study suggested.

"Verbal reasoning may have negative effects on children if it is not employed in a way that is developmentally appropriate for the child to understand why their behavior is inappropriate," Grogan-Kaylor said.

Meanwhile, children did not get along with other children and showed higher levels of aggression and became distracted when parents took away privileges.

So what's the best way to discipline a child? Grogan-Kaylor suggested providing them structure, keeping the lines of communication open and providing developmentally appropriate removal of privileges.

###

Co-authors included Berenice Castillo, Garrett Pace, Kaitlin Ward, Shawna Lee and Heather Knauer of UM-Ann Arbor and Julie Ma of UM-Flint.

Abstract: Global perspectives on physical and nonphysical discipline: A Bayesian multilevel analysis

Andrew Grogan-Kaylor

Americans like sports, but heterosexual men especially do

Study finds that gender and sexuality predict sports fandom

OHIO STATE UNIVERSITY

Research News

 

COLUMBUS, Ohio - Nearly nine out of 10 Americans say they enjoy sports at least a little, but heterosexual men more commonly identify as passionate sports fans, a new study suggests.

A survey of nearly 4,000 American adults found that only 11% said they did not identify as sports fans at all. Over 40% were passionate fans, identifying themselves as being "quite a bit" or "very much so" sports fans.

About 60% of heterosexual men in the survey identified as passionate sports fans, compared to about 40% of both heterosexual women and lesbians. About 30% of gay men reported being passionate sports fans.

"We found that U.S. adults respond overwhelmingly that they are sports fans," said Chris Knoester, co-author of the study and associate professor of sociology at The Ohio State University.

"Sports fandom is an ingrained part of our culture and central in the lives of many people."

The study, published this week in the Sociology of Sport Journal, was led by Rachel Allison, associate professor of sociology at Mississippi State University.

"One of the advantages of the survey data in this study is that it has a relatively large sample of individuals who identify as a sexual minority or as nonbinary in terms of their gender identity, which has not been the case in most previous studies," Allison said.

"It allowed us to show that while heterosexual men are particularly likely to identify as strong sports fans, there are substantial numbers of people across gender and sexual identities who are also passionate fans."

Survey data came from the National Sports and Society Survey (NSASS), sponsored by Ohio State's Sports and Society Initiative.

The survey was completed by 3,993 adults who volunteered to participate through the American Population Panel, run by Ohio State's Center for Human Resource Research. Participants, who came from all 50 states, answered the survey online between the fall of 2018 and spring of 2019.

Because NSASS participants are disproportionately female, white and Midwestern, the researchers also weighted the survey results to reflect the U.S. population more accurately. This resulted in modest increases of about 5% in the population estimates of the number of passionate sports fans.

While there has been growing attention in the United States to women's sports, and to gay and lesbian participation in sports, there hasn't been good data on how a variety of gender and sexual identities are reflected in the larger sports fan community, Knoester said.

This study gives a preliminary look. About 27% of those surveyed identified as lesbian, gay, bisexual or a sexual identity other than heterosexual. About 3% of respondents identified as nonbinary.

Overall, heterosexual men tended to identify as "quite a bit" of a sports fan, the findings suggest. In contrast, heterosexual women, lesbians and gay men were more likely to say they were "somewhat" of a sports fan on average.

But while heterosexual men are clearly more likely to be big sports fans than gay men, lesbians and heterosexual women have similar interest in sports, according to the results.

"Identifying as lesbian does not seem to discourage sports fandom like identifying as gay does for men," Allison said.

The researchers also explored whether early childhood experiences shaped sports fandom in adults. As expected, people who said they thought of themselves as athletes during childhood and who frequently thought about sports were more likely to be fans as adults.

People who said they were mistreated in sports-related interactions during their lifetime - such as being called names or being bullied - were less likely to be sports fans as adults.

But the researchers did not find that childhood sports experiences or mistreatment accounted for gender and sexual identity differences in how much adults identified as sports fans.

Allison said it is clear that the historic masculine, heterosexual culture of sports is changing. She documented some of those changes in her book Kicking Center: Gender and the Selling of Women's Professional Soccer.

But she said the results of this new study suggest it may not have changed enough to make some women and sexual minorities comfortable to identify as sports fans.

"We've clearly moved beyond the era of open hostility to women, lesbians and gay men in sports," Allison said.

"But the extent to which we've moved from tolerant to fully inclusive cultures isn't necessarily clear. We may be in this period of transition."

Knoester and Allison said sports organizations on all levels, from professional to youth, still need to do more to be inclusive to individuals with different gender and sexual identities.

"You aren't born being a sports fan. The differences in fandom we found here in this study are socially and culturally produced to a great extent, and they can be changed," Knoester said.

###

Contact: Chris Knoester, Knoester.1@osu.edu
Rachel Allison, Rallison@soc.msstate.edu

Written by Jeff Grabmeier, 614-292-8457; Grabmeier.1@osu.edu

TRUMP GUILIANI COCKTAIL

Remdesivir disrupts COVID-19 virus better than other similar drugs

UNIVERSITY OF CHICAGO

Research News

 

In the treatment of SARS-CoV-2, the virus that causes COVID-19, antiviral drug remdesivir has emerged as a promising candidate.

Remdesivir works by disrupting the virus's ability to replicate, but its exact mechanism has remained a mystery. Using advanced computational simulations, researchers at the Pritzker School of Molecular Engineering (PME) at the University of Chicago have revealed just how the drug works at the molecular level. They also found that two drugs that work in a similar manner, ribavirin and favilavir, do not bind as effectively to the virus.

"It's important to understand how remdesivir works at a molecular level," said Prof. Juan de Pablo, who led the research. "Now that we see that it is effective, and other drugs are not as effective, it can guide future efforts for treating COVID-19."

The results were published Jan. 6 in the journal ACS Central Science.

Understanding how drugs disrupt the virus

Remdesivir works by disrupting SARS-CoV-2's RNA polymerase, a key enzyme that the virus needs to replicate itself. When this enzyme is disrupted, the virus cannot multiply and spread within the body.

But in patients, the drug has produced varied results. Some clinical trials have shown that patients who received it recovered faster and had improved mortality rates, while other trials have shown that the drug did not reduce mortality or hospitalization lengths.

Since the beginning of the pandemic, de Pablo and his group have been using advanced computational simulations to systematically look at the different proteins that allow the virus to replicate or infect cells. They also have looked at the key candidate drugs that are already used to treat other diseases and could be repurposed to inhibit those processes in SARS-CoV-2. The simulations, which require months of extremely powerful computations, ultimately reveal what happens at the molecular level.

To better understand how treatments disrupt the RNA polymerase, de Pablo and his group simulated the interaction between the enzyme and three drugs that are already available, and that are meant to inhibit it: remdesivir, ribavirin, and favilavir. They found that remdesivir binds strongly to the virus, but ribavirin and favilavir do not bind as effectively. They also found that remdesivir destabilizes the virus's protein complex, also reducing its ability to replicate.

Now that simulations show that the drug should work at a molecular level, scientists could focus, for example, on finding better strategies to deliver the drug more effectively, de Pablo said.

A complete landscape of molecular targets

Previously, the group used computational analysis to reveal how the drug Ebselen binds to the virus' main protease, or MPro. Now, the group is also examining the mechanisms of a different set of drugs on different proteins, with the goal of creating a complete landscape of molecular targets.

"We've seen that the virus is not going away and is in fact starting to mutate," de Pablo said. "Efforts to find the best therapies, and the best ways to administer them, have to continue."

###

Other authors on the paper include graduate students Fabian Byléhn, Walter Alvarado, and Gustavo R. Perez-Lemus, and postdoctoral researcher Cintia A. Menéndez.

Citation: "Modeling the Binding Mechanism of Remdesivir, Favilavir, and Ribavirin to SARS-CoV-2 RNA-Dependent RNA Polymerase," Byléhn et al, ACS Cent. Sci., Jan. 6., 2021. DOI: 10.1021/acscentsci.0c01242

Funding: National Science Foundation

FACTS PROVE GOP WRONG

COVID unemployment assistance puts food on the table: BU study

BOSTON UNIVERSITY SCHOOL OF MEDICINE

Research News

 

Another wave of COVID-19 is putting millions out of work, while tens of millions more remain unemployed, and Congress debates aid.

Now, a new Boston University School of Public Health (BUSPH) study shows that unemployment help directly translates to people being able to put food on the table.

The CARES Act--passed in March of 2020-- expanded unemployment insurance coverage, amount, and duration.

Published in JAMA Network Open, the study finds that receiving unemployment insurance cuts a person's risk of food insecurity by a third, and halves the likelihood of needing to eat less because of financial constraints. And receiving more coverage, such as the weekly $600 supplement included in CARES until last July, means an even bigger reduction in the risk of going hungry.

"There has long been a need to improve the proportion of people covered, the duration of coverage, and the amount of coverage in our unemployment insurance system. This paper speaks to the critical role that unemployment insurance can play in preventing people from facing food insecurity during a crisis," says study lead author Dr. Julia Raifman, assistant professor of health law, policy & management at BUSPH.

Raifman and colleagues used data from the Understanding Coronavirus in America study, looking at a sample of 2,319 people who had household incomes less than $75,000 and had been employed in February. By the end of July, 1,119 people (nearly half) had experienced unemployment.

Of those who lost their jobs, 415 reported food insecurity and 437 reported that they sometimes ate less because of financial constraints.

The researchers found that receiving unemployment insurance was associated with a 35.0% relative decline in a person's risk of food insecurity, and a 47.8% relative decline in the likelihood of having to eat less. Receiving larger amounts of unemployment insurance and/or the weekly $600 CARES supplement came with even more substantial declines in food insecurity and having to eating less.

The researchers also identified major disparities in who is facing food insecurity among those who have lost their jobs during COVID: 69.2% of Indigenous participants in the study reported food insecurity, as did 52.5% of Hispanic participants, 42.2% of Black participants, 40.3% of Asian participants, and 26.9% of non-Hispanic white participants.

They also found that 46.1% of households with kids faced food insecurity, compared to 32.8% of households without kids.

"It is heartbreaking that families with children are even more likely to face food insecurity," Raifman says. "The recent Booker/Pressley policy proposal to provide direct payments to children's families could make a big difference for their food security and short- and long-term health."

###

About the Boston University School of Public Health

Founded in 1976, the Boston University School of Public Health is one of the top five ranked private schools of public health in the world. It offers master's- and doctoral-level education in public health. The faculty in six departments conduct policy-changing public health research around the world, with the mission of improving the health of populations--especially the disadvantaged, underserved, and vulnerable--locally and globally.

Medicaid expansion in New York has improved maternal health, study finds

Policy intervention is particularly beneficial to low-income and minority women

COLUMBIA UNIVERSITY'S MAILMAN SCHOOL OF PUBLIC HEALTH

Research News

 

January 29, 2021 -- A study at Columbia University Mailman School of Public Health and Columbia University Irving Medical Center has found that Medicaid expansion in 2014 in New York State was associated with a statistically significant reduction in severe maternal morbidity in low-income women during delivery hospitalizations compared with high-income women. The decrease was even more pronounced in racial and ethnic minority women than in White women. Until now there was little research on the link between ACA Medicaid expansion and maternal health outcomes. The findings are published online in the journal of the International Anesthesia Research Society, Anesthesia & Analgesia.

"Our findings indicate that the 2014 Medicaid expansion under the ACA in New York has contributed to reducing severe maternal morbidity in low- income women. These findings are of public health importance given the ongoing increase in maternal morbidity and mortality on the national level," said Jean Guglielminotti, MD, PhD, in the Department of Anesthesiology, Columbia Medical Center.

The researchers analyzed data from the 2006-2016 New York State Inpatient Database, a census of discharge records from community hospitals. They compared the changes in the incidence of severe maternal morbidity (SMM) as defined by the Centers for Disease Control and Prevention during delivery hospitalizations and discharges between low- and high-income women associated with the 2014 Medicaid expansion in New York State from January 1, 2006 to December 31, 2016.

For each year of the study period, the researchers calculated the volume of deliveries and delivery-related discharges, cesarean delivery rate, percent admission during a weekend, percent non-White women (i.e, racial and ethnic minority women), and percent Medicaid beneficiaries.

Of 2,286,975 delivery-related discharges in 173 hospitals, 611,020 were among low-income women (27 percent). Compared with high-income women, low- income women had a higher incidence of SMM (2.6% vs 1.9%, respectively).

Medicaid beneficiaries increased from 43 percent in the pre-expansion study period to 48 percent in the post-expansion study period. The proportion of the uninsured decreased 5 percent and by a decline of 9 percent among privately insured women. The 2014 New York State Medicaid expansion increased the income eligibility threshold for pregnant women from 200 percent to 223 percent of the Federal Poverty Level. According to earlier Columbia research, even though half of pregnant women are covered by Medicaid nationwide, up to 13 percent are uninsured in the month of delivery.

"We hypothesized that the introduction of Medicaid expansion in January 2014 would not be associated with an abrupt change in the incidence of SMM immediately after its introduction but rather with a gradual decrease over time," said Guglielminotti. "We based this on the fact that a pregnancy lasts 3 quarter-years and that the beneficial effect of health insurance coverage on maternal health outcomes during delivery hospitalizations is thought to be mediated by earlier prenatal care during pregnancy and a better quality of prenatal care."

While insured women may receive earlier and better care throughout pregnancy and postpartum, an earlier and higher utilization of prenatal care is also associated with better maternal and neonatal outcomes, according to the researchers. Secondly, insured women might seek earlier care if symptomatic of a complication without worrying about financial implications. In addition, care during hospitalization can be influenced by insurance type by removing financial barriers to care delivery such as the utilization of expensive procedures.

"Excess maternal morbidity and mortality in the United States, particularly in low-income and racial/ethnic minority women, is a growing public health concern," said Guohua Li, MD, DrPH, professor of Anesthesiology and Epidemiology at Columbia Mailman School of Public Health. "Our study suggests that Medicaid expansion under the ACA is an effective policy intervention to improve maternal health outcomes and reduce health disparities. "

###

A co-author of the study is Ruth Landau, MD, Columbia University Irving Medical Center.

Columbia University Mailman School of Public Health

Founded in 1922, the Columbia University Mailman School of Public Health pursues an agenda of research, education, and service to address the critical and complex public health 

WHITE PRIVELEGE 

Social & structural factors influence racial disparities in COVID-19 mortality

Rutgers study finds counties with higher percentage of adults without a high school diploma and households without internet access were strong predictors of COVID-19 mortality

RUTGERS UNIVERSITY

Research News

 

COVID-19 mortality racial disparities in the U.S. are associated with social factors like income, education and internet access, according to a Rutgers study.

The study, published in the Journal of Racial and Ethnic Health Disparities, highlights the need for public health policies that address structural racism.

The researchers investigated the association between COVID-19 cases and deaths in 2,026 U.S. counties from January to October 2020 and social determinants of health, which can raise the risk for infection and death.

They also looked at factors known or thought to impact COVID-19 outcomes, including the counties' population density, days since the first COVID-19 death and percent of residents who are over age 65, are smokers or who have chronic diseases such as obesity, diabetes, chronic obstructive pulmonary disease or high blood pressure.

The study found that a 1 percentage point increase in a county's percent of Black residents, uninsured adults, low birthweight infants, adults without a high school diploma, incarceration rate and households without internet increased that county's COVID-19 death rates during the time period examined.

Counties that were the most deprived socioeconomically had a 67 percent increase in the COVID-19 death rate. 

Michelle DallaPiazza, lead author and an associate professor at Rutgers New Jersey Medical School, said the percent of households without internet, which provides updated knowledge of the pandemic and allows remote working and learning, and the percentage of adults without a high school diploma were the factors most associated with a county's COVID-19 death rate.

"The findings are consistent with historical health inequities in marginalized populations, particularly Black Americans," DallaPiazza said. "This adds to the extensive literature on racial health disparities that demonstrate that social and structural factors greatly influence health outcomes, and this is particularly true when it comes to COVID-19."

###

Other authors include Ankur K. Dalsania, Matthew J. Fastiggi, Aaron Kahlam and Krishan Patel at Rutgers New Jersey Medical School; Rajvi Shah at Rutgers Robert Wood Johnson Medical School; and Stephanie Shiau and Slawa Rokicki at Rutgers School of Public Health.

A third of Americans say they are unlikely or hesitant to get COVID-19 vaccine

UC Davis nationwide survey

UNIVERSITY OF CALIFORNIA - DAVIS

Research News

 

News reports indicate COVID-19 vaccines are not getting out soon enough nor in adequate supplies to most regions, but there may be a larger underlying problem than shortages. A University of California, Davis, study found that more than a third of people nationwide are either unlikely or at least hesitant to get a COVID-19 vaccine when it becomes available to them.

The results are from public polling of more than 800 English-speaking adults nationwide in a study published online earlier this month in the journal Vaccine.

"Our research indicates that vaccine uptake will be suboptimal ... with 14.8 percent of respondents being unlikely to get vaccinated and another 23 percent unsure," said Jeanette B. Ruiz, assistant professor of teaching communication at UC Davis and lead author of the study.

"Even though vaccination remains one of the most effective public health initiatives, some still doubt the efficacy and safety of vaccines. Unfortunately, the seemingly rushed process of the COVID-19 vaccine may have further fueled these doubts."

Co-author is Robert Bell, emeritus professor of communication, UC Davis.

Respondents cited vaccine safety and effectiveness assessments as the primary basis for hesitancy, authors said.

In the study, compensated participants were recruited from the United States through an Internet survey panel of 2.5 million residents developed by a commercial survey firm. Recruitment was based on quota sampling to produce a U.S. census-matched sample representative of the nation, and was representative of the U.S. population in terms of region of residence, sex and age, but also diverse with regard to all demographic variables assessed.

Researchers measured the respondents' intention to vaccinate; demographic and health status profile of individuals least likely to vaccinate; general vaccine knowledge and vaccine conspiracy beliefs; and the role of media and partisan politics played in their resistance to vaccination.

Political party, health risk factors, media contribute to attitudes

Authors indicated demographic characteristics, vaccine knowledge, perceived vulnerability to COVID-19, risk factors for COVID-19, and politics likely contribute to vaccination hesitancy. The study was conducted relatively early in the pandemic outbreak during two days in June 2020.

Demographic predictors of likelihood of being vaccinated against COVID-19 included having an income of $120,000 or higher, or being a Democrat (in comparison to the reference category Republican). The members of three political groups -- Democrat, Republican or Independent -- did not differ in their reported vaccine knowledge, however. One fourth of those identifying with no political party reported they were not likely to get vaccinated.

Media had an effect too. Respondents relying primarily on social media for information about COVID-19 anticipated a lower likelihood of COVID-19 vaccine acceptance. Those reporting getting their information from various other media did not show significant differences in vaccine acceptance, but viewers of Fox News did report being more hesitant than viewers of other broadcast news, the research showed. Authors noted that it is possible that individuals gravitate toward the cable news networks that present a view on the pandemic that is aligned with their own opinions.

Media reports have regularly noted that men, adults age 65 and over, and individuals with pre-existing conditions are most vulnerable to COVID-19, and respondents from these groups said they were more likely to accept a future vaccine in this survey. A majority of the least-educated respondents did not expect to get vaccinated against COVID-19, researchers said.

The top four reasons given for vaccination hesitancy were as follows: concerns about vaccine side effects, worries about allergic responses to the vaccine, doubts about vaccine effectiveness and a preference for developing immunity through infection. Other reasons were less frequently cited -- including being healthy, fear of needles, being immune from past infection, being young and lack of concern about developing a serious illness.

Unfortunately, the health disparities present in the spread and treatment of COVID-19 were reflected in survey participants' vaccination hesitancy estimations," researchers said in the paper. "The pandemic has especially burdened the African American, Latino and Native American communities, who account for a disproportionate number of COVID-19 cases and deaths. Greater likelihood of COVID-19 vaccine acceptance was associated with more knowledge about vaccines, less acceptance of vaccine conspiracies, elevated COVID-19 threat appraisals and being current with influenza immunization."

Primary Findings Summary

• Male, older, white, married, and those from higher-income households more likely to vaccinate.
• Republicans and Fox News viewers were less likely to vaccinate.
• Being currently immunized against influenza predicted COVID-19 vaccination intent.
• A better understanding of COVID-19 vaccination hesitancy is needed.

###

Link to study:
https://www.sciencedirect.com/science/article/pii/S0264410X21000141

Additional Media Resources

Vaccine Myths in Social Media Can Be Effectively Reduced
https://www.ucdavis.edu/news/vaccine-myths-social-media-can-be-effectively-reduced-credible-fact-checking

UC Davis Live: Combating Vaccine Misinformation
https://www.youtube.com/watch?v=4OrGUI3IXis

By changing their shape, some bacteria can grow more resilient to antibiotics

CARNEGIE MELLON UNIVERSITY

Research News

 

IMAGE: COMPARISON OF GROWTH OF CAULOBACTER CRESCENTUS WHEN EXPOSED TO AN ANTIBIOTIC (BOTTOM) AND NOT (TOP) view more 

CREDIT: SHILADITYA BANERJEE

New research led by Carnegie Mellon University Assistant Professor of Physics Shiladitya Banerjee demonstrates how certain types of bacteria can adapt to long-term exposure to antibiotics by changing their shape. The work was published this month in the journal Nature Physics.

Adaptation is a fundamental biological process driving organisms to change their traits and behavior to better fit their environment, whether it be the famed diversity of finches observed by pioneering biologist Charles Darwin or the many varieties of bacteria that humans coexist with. While antibiotics have long helped people prevent and cure bacterial infections, many species of bacteria have increasingly been able to adapt to resist antibiotic treatments.

Banerjee's research at Carnegie Mellon and in his previous position at the University College London (UCL) has focused on the mechanics and physics behind various cellular processes, and a common theme in his work has been that the shape of a cell can have major effects on its reproduction and survival. Along with researchers at the University of Chicago, he decided to dig into how exposure to antibiotics affects the growth and morphologies of the bacterium Caulobacter crescentus, a commonly used model organism.

"Using single-cell experiments and theoretical modelling, we demonstrate that cell shape changes act as a feedback strategy to make bacteria more adaptive to surviving antibiotics," Banerjee said of what he and his collaborators found.

When exposed to less than lethal doses of the antibiotic chloramphenicol over multiple generations, the researchers found that the bacteria dramatically changed their shape by becoming wider and more curved.

"These shape changes enable bacteria to overcome the stress of antibiotics and resume fast growth," Banerjee said. The researchers came to this conclusion by developing a theoretical model to show how these physical changes allow the bacteria to attain a higher curvature and lower surface-to-volume ratio, which would allow fewer antibiotic particles to pass through their cellular surfaces as they grow.

"This insight is of great consequence to human health and will likely stimulate numerous further molecular studies into the role of cell shape on bacterial growth and antibiotic resistance," Banerjee said.

###

Other authors on the study included Aaron R. Dinner, Klevin Lo and Norbert F. Scherer from the University of Chicago; and Nikola Ojkic and Roisin Stephens, previous members of the Banerjee research group at UCL.

Funding for the research was provided by grants from the Engineering and Physical Sciences Research Council of the United Kingdom (EP/R029822/1), the Royal Society University Research Fellowship (URF/R1/180187), the Royal Society (RGF/EA/181044) and the National Science Foundation (NSF PHY-2020295, NSF PHY-1305542, NSF DMR-1420709, MCB-1953402).

SPECULATION RUN AMOK 

Tiny E&P Share Price Spikes 959% 

on Reddit Mention
by Bloomberg
|Michael Tobin
|Friday, January 29, 2021




An obscure company that employs five people and appears to 

produce from some wells in Appalachia became the latest Reddit-fueled day-trading craze.

(Bloomberg) -- An obscure company that employs five people and appears to produce negligible amounts of oil and natural gas from some wells in Appalachia became the latest Reddit-fueled day-trading craze, soaring nearly 1,000% to become a $128 million company in a matter of hours.

New Concept Energy Inc. got a mention by retail traders on the WallStreetBets forum on Reddit on a day when brokerages including Robinhood Markets clamped down on trading in shares such as GameStop Corp. after some of the wildest stock swings the markets have seen in recent years.

For a company that produces a mere 70 barrels of oil equivalent a day and has a board whose average age is 74, that was still enough to send its shares up by a whopping 959% to $25, the highest since 2000.

Short interest in New Concept Energy has fallen to 0.3% of its float from 13% earlier this month, according to data from S3 Partners.

The company didn’t immediately respond to a request for a comment on Thursday’s meteroric stock performance.

At the end of 2019, New Concept Energy had 153 producing gas wells and 44 non-producing wells, with mineral leases across 20,000 acres, according to regulatory filings.

The company lost 46 cents a share on revenue of $590,000 in 2019, according to its annual report.

© 2021 Bloomberg

Social media platform Reddit hit by outages in the U.S.

Reddit users reported outages in the U.S. and Canada for a short time on Saturday.


Akarsh Verma

New Delhi

January 31, 2021







HIGHLIGHTS
Several Reddit users reported problems logging in to Reddit on Saturday.
Reddit has been at the center of controversy this week after users from the r/WallStreetBets subreddit kicked off a stock-buying frenzy.
The stock buying frenzy has led to a fierce debate with many on Wall Street calling it market manipulation.

Users in both the US and Canada reported outages on Reddit for a short period on Saturday, with the company admitting there have been “higher error rates” this week amidst newfound attention on the r/WallStreetBets subreddit.

A map on the Downdetector website showed customers reporting issues logging in to Reddit and sending messages, according to Reuters. Regions such as New York, Boston, and Washington, D.C., were affected, as was Toronto.

We did have some issues with higher error rates this week...It meant slower load times for some users but we were never hard down,” a spokesperson for Reddit told Reuters about the latest wave of issues.

Reddit has been at the center of controversy this week after users from the r/WallStreetBets subreddit kicked off a stock-buying frenzy, significantly adding to the value of companies like GameStop and AMC, which had been struggling in the marketplace. The subreddit has approximately six million members.