The New England Journal of Medicine provides a look at the future of generics here: Today, generic drugs account for 63% of all U.S. prescriptions for drugs (see Figure 1). Since generic drugs sell at substantially lower prices than their brand-name counterparts, they save consumers and purchasers of prescription drugs tens of billions of dollars […]
The foreclosure crisis for some cities like Cleveland is a tsunami of 16,000 homes. Some communities have a foreclosed house or two on every block. There a lot of links to other cities as well if you google. What I see that has not been discussed is what happens when the problem becomes large enough […]
The OODA Loop is described in short at the link. OODA Loop Theory [OODA is an acronym that stands for a rapid, repeated cycle of Orient, Observe, Decide, Act.] Go and read about the OODA Loop, and come to understand how he applied it to high-speed aerial combat, and then how he applied it to […]
The American Constitutional Society has published a white paper about real action versus professed belief of administrative fiat. Transparency is not part of either. The Bush Administration has been quietly waging a campaign to dramatically reconfigure American tort law by claiming that routine regulatory action taken by federal agencies has the effect of preempting state […]
Slate has an article on AARP designed legislation in Georgia. Under the Georgia Fair Lending Act, however, players in the secondary mortgage market could face serious liability if they so much as touched a predatory loan. The AARP, which drafted the model legislation that formed the basis for the Georgia law, explained that imposing liability […]
Pediatrics also included a short description of work done in the field on treatments for children age 4-7. Nothing earth shaking, but a reminder of who else gets scared in theater, wherever that occurs. Adler Center for Research in Child Development and Psychopathology, Department of Psychology, Tel Aviv University, Ramat Aviv, Israel OBJECTIVE. The goal […]
Hat tip to Healthy Rivers, my favorite site to follow dirty statistics, offers a new public health tracking program locally to shed light on a problem that has been mostly ignored to date. I had a close friend here in Milwaukee who got really sick this summer from swimming in the lake while sailing after […]
I have a lot of theories about what caused the long wave in interest rates. Most center on inflation, but here is another interesting chart to make you think about it. One of the key relationship is that monetary velocity is inversely related to real interest ratesand that has been true for decades — including […]
Oldvet– very good on the long run bond market. Here is another chart to put that trend in perspective. I suspect that to get back to the solid trend line it will take a Japaneses type depression scenario.
The Financial Accelerator, Revisited This was on the WSJ blog by Greg Ip and I though it was worth passing on. Fed Chairman Ben Bernanke’s newfound urgency in addressing the risk of recession can be traced in part to the insights he gleaned from his pioneering research on the financial system and the Great Depression. […]