Computer Lawyers, Global Risk, Growing Cities, China Houses, Oil Games, Jerry, Old Age Welfare, Decisions Decisions, Jammed
One of the solutions to suicidal health care costs is to use technology to shift the delivery of medical solutions from very expensive (general hospitals and specialist doctors) to less expensive forms of delivery, for example, letting nurses write prescriptions and replacing family doctors with health care clinics.
With the development of advanced computer systems (like our friend Watson) the opportunity exists to increasingly reduce intuition with rules based medical approaches for diagnosis and solving of health problems.
Good news that this exactly what is happening to the law.
Articles also on the risk in the global financial system, the importance of land use to creating vibrant cities, thinking about democracy in China from the perspective of private property ownership, a lament about America’s oil addiction, a puff piece on the thoughtful Jerry Brown, why social security is middle class welfare, why easy decisions are hard, and thinking about traffic jams.
NYT -- Armies of Expensive Lawyers, Replaced by Cheaper Software
When five television studios became entangled in a Justice Department antitrust lawsuit against CBS, the cost was immense.
Big picture quarterly newsletters from investment firms are a dime a dozen. This one, however, by Dallas-based Hayman Advisors is deep with insight about the systemic risk in global financial markets. The most important message, know your risk thresholds, and get ready to exit equities.
Hayman Advisors – The Cognitive Dissonance of it All
We continue to be very concerned about systemic risk in the global economy.
Quote worth quoting.
“We believe this rebound in equities and commodities is mostly a product of “goosing” by the Fed’s printing press and are not enthusiastic about investing too far out on the risk spectrum.”
Related. (ed’s note – total Canadian government revenues are about $550 billion, total debt about $1 trillion or 18% )
Pdf below -- BIS The Future of Public Debt Prospects and Implications
The way to think about global financial markets is not as calm punctuated by the odd crisis but crisis prone punctuated by calm. Financial markets are inherently unstable lurching from crisis to crisis each deeper and more destructive.
Pdf below -- RBC Capital – The Wonder of It All
Thoughtful article on how better land use and smart taxation can release productivity in cities.
FT – Our Best Plan For Growth is to Set Our Cities Free
Advanced economies are struggling to find an economic path past recession. On Sunday, David Cameron, the UK prime minister, promised an assault on the “enemies of enterprise”, while US president Barack Obama used January’s state of the union speech to promote jobs and competitiveness.
China’s wobbly path forward, and the role of property ownership.
FT – A Democracy is Built
Xie Jia believes she has just won a small but important victory for democracy. The 41-year-old chemistry teacher from the central city of Chongqing is head of a committee of local homeowners who recently staged a meticulously organised series of elections, and ultimately voted out the management company in their compound.
Related. The China property blood map.
Google Maps -- Locations in China where people have been killed or injured in property related issues.
Just to be clear, the events in the Middle East are really bad news for the West’s 90 year old strategy of propping up any regime that will do as long as they promise to pump and price in a dominant Western currency.
LA Times – The High Cost of Oil
The spread of popular revolt in the Middle East to Libya has exacerbated a spike in oil prices and gasoline costs at the pump. In turn, this has stimulated widespread complaints about the lack of a coherent U.S. foreign policy toward despots in the region. This is not the first time this has happened.
Related. Nice king from Republican America.
Boston Globe – In Mid East, The King’s Are All Right
I WAS born in Los Angeles, so I grew up believing that there was deep meaning in Hollywood awards ceremonies. It’s part of the genetic disposition there; think Red Sox nation with tighter abs.
Keep an eye on the Governor. Jerry Brown is back. Thanks to Ken for Tokyo/Hong Kong for sending this in.
NYT -- Governor Brown Redux: The Iceman Melteth
Jerry Brown doesn’t know who Charlie Sheen is.
Old age pensions are middle class welfare, period. (ed’s note – if you have 65 to 70 years to save and invest why would you need a cheque from the state?)
Washington Post – Why Social Security is Welfare
In a recent column on the senior citizen lobby I noted that Social Security is often "middle-class welfare" that bleeds the country.
Why simple decisions are hard, because we think that they are important.
Wired – Why Easy Decisions are so Hard
One of the problems with writing a book on decision-making is that people assume I’m not terrible at making decisions. As a result, they act surprised when it takes me 10 minutes to pick a sandwich or when I confess that I still get mild panic attacks when choosing floss at the drugstore.
Explaining traffic jams, it is not mostly volume but mostly dumb driving.
autoblog.com – The Science Behind Traffic Jams
Nothing will ruin a pleasant drive quicker than the sight brake lights coming towards you on the highway. Miles ahead, someone or something has spooked the bejeezus out of traffic and now you're about to pay for it with your free time. The mighty flow of America's highways is about to be plugged by you and a couple hundred of your closest strangers.
|BIS The Future of Public Debt Prospects and Implications.pdf||213.37 KB|
|A Never Ending Story August 1999.pdf||189.98 KB|
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