Business

"Book Review: Tom Stossel's 'Pharmaphobia'"

"Yet, despite the book's extraordinary well-documented and indisputable examples of real progress, the negative impact of the "anti-innovation"  industry—which has used every trick in the book to slow progress—becomes just as clear. By far, the most potent weapon in the arsenal of the conflict-of interest-movement is the fabrication of the myth that the process that leads to innovation is inherently dishonest and corrupt."


"Female Managers Do Not Reduce the Gender Wage Gap, [UC Berkeley B-School] Study Finds

So it's not just The Man keeping women down? Apparently not:

Working women are “leaning in” and supporting more females in leadership roles, but a new study finds that having a female manager doesn’t necessarily equate to higher salaries for female employees. In fact, women can sometimes take an earnings hit relative to their male colleagues when they go to work for a female manager.


"Detroit pays a price for clinging to the Big Three"

Dan Calabrese op-ed in the Detroit News.

GM and Chrysler, perpetually in boom/bust cycles, are turning in respectable performances at the moment. This has has certain political and media types yelping that anyone who opposed the bailouts should apologize. But companies that benefited from billions in taxpayer money while having their debts and long-term obligations wiped out might be expected to enjoy some short-term profitability. Michigan’s economic position will remain perilous as long as we rely so heavily on companies with such erratic track records.

Creative destruction is a necessary element of long-term prosperity. No one had to destroy GM and Chrysler’s dinosaur business practices. They were destroying it on their own. We just had to let them do it.


"This Is How Long Your Business Will Last, According to Science"

Very surprising. I suspect, at a minimum, omitted variables, but I haven't read the study yet.

Daepp, now a graduate student at the University of British Columbia, analyzed Standard and Poor’s Compustat — a database of every publicly traded company since 1950 — using a statistical method called survival analysis. What she and her advisers found is that a company’s mortality rate was not affected by it’s past performance or even its products.


"A new startup called Honor just raised $20 million to provide in-home care for seniors"

This sounds like an excellent idea.

Some research led Sternberg to realize that most seniors wanted to stay in their homes.

To help serve these seniors, Sternberg is launching a service called Honor, which aims to match seniors with professionals who can take care of them in their homes while giving concerned family members a way to keep track of everything.