Tag: Business
Racehorses and Circus Animals—Stifle Your Outrage
Flipping channels the other day, I came across an ad for SeaWorld. Instead of showing images of flipping dolphins, laughing children, and Shamu the killer whale, the commercial was more of a PSA. Instead of its typical advertising, the spot consisted of discussions about how the organization cares for its animals and their lifespans....
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Health Spending Unscathed in Shrinking Economy
Last Friday’s terrible revision to first quarter GDP—from an initial estimate of 0.2 percent real growth to a real loss of 0.7 percent—confirms that health spending stands over our weak economy like a colossus. In the initial estimate, personal consumption spending on health services increased by $23 billion (chained 2009 dollars). Today’s second estimate...
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What Abercrombie and Fitch Can Teach Us about the Same-Sex Marriage Controversy
When I was a young teenager, Abercrombie & Fitch was one of the “it” brands. Everyone in school wanted to wear it, and it was absolutely used to signal that one was up-to-date on recent trends. As the child of two schoolteachers, I learned very early in my life that paying $50 for a t-shirt I’d grow...
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Patent Trolls Still Alive and Kicking
Over at Techdirt, there is a good story up on how a patent troll attacked a startup and the litigation costs so distressed the startup that it was forced to sell out to another patent troll. Peter Braxton created Jump Rope Inc., and developed an app that allows users to pay a fee to...
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Shifting from Quantity to Quality in Patent Applications
VentureBeat has published a good piece on how “innovators are now moving away from creating untargeted, mass-produced innovations that aim only to secure as many patents as possible, and they’re moving toward precise innovation centered around specific product and market needs.” The American patent system has long been suffering the consequences of the issuance of...
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Employers Do Not Systematically and Persistently Pay Women Less than Men for Equally Valuable Work
The quality of economic journalism in the United States is terrible. Day after day, journalists write about the causes and consequences of economic conditions and events without understanding the underlying economics of the situation, and their articles are, as a rule, simply bunk. Here is an example. I have not examined the actual report...
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The Gender Wage Gap—A Myth that Just Won’t Die
This past year I was on the academic job market, applying for faculty positions at a variety of colleges and universities. As a woman making a critical career move, I’ve been up to my eyeballs in cover letters, resumes, statistics about cost of living, state income taxes, health insurance, and, of course, salary information....
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Half of State Medical Boards Perform Poorly When Licensing Out-of-State Doctors
A new research article in the Telemedicine and E-Health Journal shows how difficult state regulatory barriers are making it for doctors to practice effective telemedicine. Telemedicine embraces technologies as diverse as surgeons operating robots remotely, radiologists reading scanned images remotely, or psychiatrists conducting therapy sessions via videoconference. One barrier to effective adoption of telemedicine...
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Sorry, Your Minimum Wage Law Is a Nightmare
The minimum wage is an economic nightmare. Let’s say it one more time, with feeling. The minimum wage is an economic nightmare. In the recent elections, voters throughout the U.S. took to the polls to elect their political leaders. Winners and losers were decided, the Republicans took control of the Senate, and pundits eagerly...
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Death Valley? Peter Thiel and Steve Jobs on What Could Kill Silicon Valley
On January 27, legendary entrepreneur Peter Thiel told a packed house at an Independent Institute luncheon, at the Olympic Club in San Francisco, that to blaze new trails ask: “What important truth do very few people agree with me on?” One of mine is that California will not be the epicenter of the tech...
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