tag:blogger.com,1999:blog-85479564159469534882024-03-14T03:49:30.913-07:00Soul ConvictionKnowledge is not necessarily power, but ignorance is surely weakness.Submarinerhttp://www.blogger.com/profile/00537419162844897630noreply@blogger.comBlogger219125tag:blogger.com,1999:blog-8547956415946953488.post-68980381625336342802011-03-24T08:22:00.000-07:002011-03-24T08:23:52.497-07:00Federal Health Reform: What’s in it for me?<iframe title="YouTube video player" width="640" height="390" src="http://www.youtube.com/embed/3-Ilc5xK2_E" frameborder="0" allowfullscreen></iframe>Submarinerhttp://www.blogger.com/profile/00537419162844897630noreply@blogger.com4tag:blogger.com,1999:blog-8547956415946953488.post-29121127403343003752011-03-16T04:26:00.000-07:002011-03-16T04:26:00.447-07:00Race to Nowhere<object height="390" width="640"><param name="movie" value="http://www.youtube.com/v/pYwjgfcq_iY&rel=0&hl=en_US&feature=player_embedded&version=3"><param name="allowFullScreen" value="true"><param name="allowScriptAccess" value="always"><embed src="http://www.youtube.com/v/pYwjgfcq_iY&rel=0&hl=en_US&feature=player_embedded&version=3" type="application/x-shockwave-flash" allowfullscreen="true" allowscriptaccess="always" height="390" width="640"></embed></object><br /><br /><br /><iframe title="YouTube video player" src="http://www.youtube.com/embed/5e51eho0QUc" allowfullscreen="" frameborder="0" height="390" width="640"></iframe><br /><br /><br /><br /><object width="640" height="390"><param name="movie" value="http://www.youtube.com/v/U1zGZqanN5I&rel=0&hl=en_US&feature=player_embedded&version=3"></param><param name="allowFullScreen" value="true"></param><param name="allowScriptAccess" value="always"></param><embed src="http://www.youtube.com/v/U1zGZqanN5I&rel=0&hl=en_US&feature=player_embedded&version=3" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="640" height="390"></embed></object>Submarinerhttp://www.blogger.com/profile/00537419162844897630noreply@blogger.com2tag:blogger.com,1999:blog-8547956415946953488.post-34186423273086657602011-01-05T09:00:00.000-08:002011-01-05T09:05:00.960-08:00Top Medical Centers Join Forces on Comparative Effectiveness ResearchFrom <a href="http://www.medscape.com/welcome/news">Medscape News</a> <br /><br />December 17, 2010 — In a major boost to comparative effectiveness research, 6 of the nation's top healthcare organizations announced this week that they will share clinical data in an effort to improve quality of care and reduce expenses for several common but costly conditions and treatments.<br /><br />The Cleveland Clinic, Dartmouth-Hitchcock Medical Center, Denver Health, Geisinger Health System, Intermountain Healthcare, and the Mayo Clinic have a combined 10 million patients. They will work with the Dartmouth Institute for Health Policy and Clinical Practice to determine best practices and disseminate actionable recommendations throughout the medical community. Results should start being available within a year or 2.<br /><br />The goal of the collaborative is to improve the efficiency of standard clinical care delivery to reduce the per capita cost in these conditions and to keep costs in line with the Consumer Price Index, Marc Harrison, MD, chief medical operations officer of the Cleveland Clinic, told Medscape Medical News.<br /><br />The collaborative will focus on 8 conditions and treatments "for which costs have been increasing rapidly in recent years and for which there are wide variations in quality and outcomes across the country," according to a news release. The 8 conditions and treatments are knee replacement, diabetes, heart failure, asthma, weight loss surgery, labor and delivery, spine surgery, and depression.<br /><br />"What makes this collaboration so unique is that we have 6 systems, each already distinguished as providing high quality in a cost-conscious way, seeking to share best practices with each other and the entire medical community," Dr. Harrison said. "This project is for real-time rapid cycle improvement among competitors.<br /><br />"Share What We Learn"<br /><br />"We plan on writing papers in mainstream medical journals," he said. "We want to be completely transparent about what we identify as best practices. We understand that the least expensive option isn't always the best value option. We'll function on the premise that there's no 'secret sauce' that only we possess. Our responsibility is to share what we learn so that optimal care models can be replicated across the country."<br /><br />Other medical leaders of the 6 organizations echoed Harrison's sentiments. "By collaborating to gather data and identify the most effective care models, we can address variation in treatment, cost, and outcomes to give patients the quality care they need and bend the cost curve down in a meaningful way," Brent James, MD, chief quality officer at Intermountain Healthcare, said in a statement.<br /><br />"If we know that the treatment path for diabetes at one institution results in better clinical outcomes, higher patient satisfaction, and lower overall costs, then there is knowledge to be shared and replicated in other institutions," noted Robert Nesse, MD, chief executive officer of the Mayo Clinic Health System, in a statement. "We need to learn from each other and put systems in place that ensure that every patient gets the very best, most appropriate care, every time."<br /><br />Last year's federal stimulus legislation allocated $1.1 billion to comparative effectiveness research, and a new tax in this year's healthcare reform law could transfer an estimated $500 million per year to comparative effectiveness research.<br /><br />The $1.1 billion authorized by the stimulus legislation was split among the Agency for Healthcare Research and Quality, the National Institutes of Health, and the Department of Health and Human Services.<br /><br />Not a "Horse Race"<br /><br />The collaborative is completely self-funded and receives no government stimulus funding. In some ways, its efforts are a privatized version of the government research, but as Dr. Harrison noted, "We don't look at this as a horse race. We don't worry about beating the government in coming out with new guidelines. If we can learn something from the government research, fantastic, and vice versa."<br /><br />Leah Binder, chief executive officer of the Leapfrog Group, a coalition of employers that promotes patient safety and cost-effective care, applauds the new initiative. "These are superb hospitals with proven track records. I think we'll see some very innovative pioneering approaches. Sometimes research can sit on the shelf for years. If this collaborative finds something good, it can be put into practice immediately.<br /><br />"It's impressive that these medical centers are willing to learn from each other," she added. "In medicine, we sometimes reinvent the wheel over and over, hospital by hospital. This cross-cultivation of ideas is very promising. I don't see this as being competitive with government efforts at comparative effectiveness research but as supplemental." Total knee replacement, performed more than 300,000 times a year in the United States with a cost that ranges from $16,000 to $24,000, will be the first treatment analyzed by the collaborative. Work to define best practices in diabetes and heart failure care will begin early in 2011.<br /><br />"In my view, the most critical piece of this initiative is the transfer of knowledge to other health systems," Glenn Steele, MD, president and chief executive officer of the Geisinger Health System, said in the release. "We need to aggressively implement a rapid learning network to disseminate our work and assist other systems in implementing these best practices, especially the highest cost systems."<br /><br />Comparative effectiveness research is controversial among physicians. Although most believe that it can improve the quality of care, they also think it will limit their clinical freedom. In a survey published in the October 19 issue of the Annals of Internal Medicine and reported at the time by Medscape Medical News, 56.5% of physicians agreed that national guidelines should be developed to influence clinical practice, and 55.2% said they believed that comparative effectiveness research would improve the quality of care. However, almost two thirds agreed with the statement: "Comparative effectiveness data will be used to restrict my freedom to choose treatments for my patients."Submarinerhttp://www.blogger.com/profile/00537419162844897630noreply@blogger.com0tag:blogger.com,1999:blog-8547956415946953488.post-17879078441784865802010-12-29T05:59:00.000-08:002010-12-29T05:59:00.292-08:00Accountable Care Organizations<object width="400" height="300" data="http://www.americanprogress.org/images/rd2/flash/flowplayer.commercial-3.0.5.swf" type="application/x-shockwave-flash"><param name="movie" value="http://www.americanprogress.org/images/rd2/flash/flowplayer.commercial-3.0.5.swf" /><param name="allowfullscreen" value="true" /><param name="allowscriptaccess" value="always" /><param name="flashvars" value='config={"key":"#@fae15a997f67f7892e5","clip":{"autoPlay":true,"autoBuffering":false,"url":"http://images2.americanprogress.org/CAP/2010/12/122010.mp4"},"playlist":[{"url":"http://images2.americanprogress.org/CAP/2010/12/122010.jpg"},{"autoPlay":false,"autoBuffering":false,"url":"http://images2.americanprogress.org/CAP/2010/12/122010.mp4"}]}' /></object>Submarinerhttp://www.blogger.com/profile/00537419162844897630noreply@blogger.com3tag:blogger.com,1999:blog-8547956415946953488.post-55277988718428749912010-12-23T07:28:00.000-08:002010-12-23T07:28:00.961-08:00HHS Rules on Health Insurance Increases<object id='cspan-video-player' classid='clsid:d27cdb6eae6d-11cf-96b8-444553540000' codebase='http://fpdownload.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=9,0,0,0' align='middle' height='500' width='410'><param name='allowScriptAccess' value='true'/><param name='movie' value='http://www.c-spanvideo.org/videoLibrary/assets/swf/CSPANPlayer.swf?pid=297197-1'/><param 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src="http://blip.tv/play/AYKC_C8C" type="application/x-shockwave-flash" width="480" height="300" allowscriptaccess="always" allowfullscreen="true"></embed>Submarinerhttp://www.blogger.com/profile/00537419162844897630noreply@blogger.com23tag:blogger.com,1999:blog-8547956415946953488.post-77364116297203023002010-09-27T04:26:00.000-07:002010-09-27T04:26:00.863-07:00Tim Giethner and Michelle Rhee<object style="height: 390px; width: 640px"><param name="movie" value="http://www.youtube.com/v/GerG_wernRM?version=3"><param name="allowFullScreen" value="true"><param name="allowScriptAccess" value="always"></object>Submarinerhttp://www.blogger.com/profile/00537419162844897630noreply@blogger.com23tag:blogger.com,1999:blog-8547956415946953488.post-18442821527682463052010-09-22T04:55:00.000-07:002010-09-22T04:57:52.110-07:00Response to Dream and Hustle<object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/FTK3orL3O1w?fs=1&hl=en_US"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/FTK3orL3O1w?fs=1&hl=en_US" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object>Submarinerhttp://www.blogger.com/profile/00537419162844897630noreply@blogger.com23tag:blogger.com,1999:blog-8547956415946953488.post-37299502526352106452010-06-29T05:54:00.000-07:002010-06-29T05:54:00.309-07:00Implementation of Health Care Law<object width="400" height="300" data="http://www.americanprogress.org/images/rd2/flash/flowplayer.commercial-3.0.5.swf" type="application/x-shockwave-flash"><param name="movie" value="http://www.americanprogress.org/images/rd2/flash/flowplayer.commercial-3.0.5.swf" /><param name="allowfullscreen" value="true" /><param name="allowscriptaccess" value="always" /><param name="flashvars" value='config={"key":"#@fae15a997f67f7892e5","clip":{"autoPlay":true,"autoBuffering":false,"url":"http://images2.americanprogress.org/CAP/2010/06/062510.mp4"},"playlist":[{"url":"http://images2.americanprogress.org/CAP/2010/06/062510.jpg"},{"autoPlay":false,"autoBuffering":false,"url":"http://images2.americanprogress.org/CAP/2010/06/062510.mp4"}]}' /></object>Submarinerhttp://www.blogger.com/profile/00537419162844897630noreply@blogger.com0tag:blogger.com,1999:blog-8547956415946953488.post-80116636224293828462010-06-21T04:47:00.000-07:002010-06-21T18:12:57.454-07:00California in Crisis<object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/5TohdKne62A&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/5TohdKne62A&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object>Submarinerhttp://www.blogger.com/profile/00537419162844897630noreply@blogger.com17tag:blogger.com,1999:blog-8547956415946953488.post-641975492964484602010-06-14T05:50:00.000-07:002010-06-14T05:52:39.680-07:00Will the future president of China be an African?<object width="640" height="385"><param name="movie" value="http://www.youtube.com/v/uKXBQT5yI0s&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/uKXBQT5yI0s&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="640" height="385"></embed></object>Submarinerhttp://www.blogger.com/profile/00537419162844897630noreply@blogger.com21tag:blogger.com,1999:blog-8547956415946953488.post-18005164614342072572010-06-09T21:11:00.001-07:002010-06-09T21:11:57.994-07:00I Feel Your Pain<object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/CmPd-aTjjxo&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/CmPd-aTjjxo&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object>Submarinerhttp://www.blogger.com/profile/00537419162844897630noreply@blogger.com17tag:blogger.com,1999:blog-8547956415946953488.post-56975907073162550072010-06-07T07:10:00.000-07:002010-06-07T07:23:41.491-07:00Epistemic Closure<embed type="application/x-shockwave-flash" src="http://static.bloggingheads.tv/maulik/offsite/offsite_flvplayer.swf" flashvars="playlist=http%3A%2F%2Fbloggingheads%2Etv%2Fdiavlogs%2Fliveplayer%2Dplaylist%2F27859%2F21%3A09%2F29%3A57" height="288" width="380"></embed><br /><br />You just gotta love the look on David Frum's face when Jonah Goldberg struggles to answer the question, "Was Richard Nixon more or less socialist than Barack Obama?"Submarinerhttp://www.blogger.com/profile/00537419162844897630noreply@blogger.com0tag:blogger.com,1999:blog-8547956415946953488.post-57294744843875533582010-06-04T05:31:00.000-07:002010-06-04T05:33:14.126-07:00Jobs Proposal For The White House<object width="640" height="385"><param name="movie" value="http://www.youtube.com/v/YPppx4nlSP4&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/YPppx4nlSP4&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="640" height="385"></embed></object>Submarinerhttp://www.blogger.com/profile/00537419162844897630noreply@blogger.com0tag:blogger.com,1999:blog-8547956415946953488.post-82030685893943332002010-06-01T05:27:00.000-07:002010-06-01T05:27:00.974-07:00Make it Rand<object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/5vMBur0AOEc&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/5vMBur0AOEc&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object>Submarinerhttp://www.blogger.com/profile/00537419162844897630noreply@blogger.com0tag:blogger.com,1999:blog-8547956415946953488.post-28634104804623251422010-05-29T08:27:00.000-07:002010-05-29T08:28:01.226-07:00Profit and Purpose<object width="640" height="385"><param name="movie" value="http://www.youtube.com/v/u6XAPnuFjJc&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/u6XAPnuFjJc&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="640" height="385"></embed></object>Submarinerhttp://www.blogger.com/profile/00537419162844897630noreply@blogger.com0tag:blogger.com,1999:blog-8547956415946953488.post-79432994581854791902010-04-27T07:20:00.000-07:002010-04-27T07:21:27.051-07:00Barack Obama and the Remaking of Black America<object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/7DHTgpA25k4&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/7DHTgpA25k4&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object>Submarinerhttp://www.blogger.com/profile/00537419162844897630noreply@blogger.com0tag:blogger.com,1999:blog-8547956415946953488.post-58944982837010526482010-03-18T06:36:00.001-07:002010-03-18T06:44:39.403-07:00I's on Edjukashun<table style='font:11px arial; color:#333; background-color:#f5f5f5' cellpadding='0' cellspacing='0' width='360' height='353'><tbody><tr style='background-color:#e5e5e5' valign='middle'><td style='padding:2px 1px 0px 5px;'><a target='_blank' style='color:#333; text-decoration:none; font-weight:bold;' href='http://www.colbertnation.com'>The Colbert Report</a></td><td style='padding:2px 5px 0px 5px; text-align:right; font-weight:bold;'>Mon - Thurs 11:30pm / 10:30c</td></tr><tr style='height:14px;' valign='middle'><td style='padding:2px 1px 0px 5px;' colspan='2'><a target='_blank' style='color:#333; text-decoration:none; font-weight:bold;' href='http://www.colbertnation.com/the-colbert-report-videos/267540/march-16-2010/i-s-on-edjukashun---texas-school-board---eric-foner'>I's on Edjukashun - Texas School Board - Eric Foner</a></td></tr><tr style='height:14px; background-color:#353535' valign='middle'><td colspan='2' style='padding:2px 5px 0px 5px; width:360px; overflow:hidden; text-align:right'><a target='_blank' style='color:#96deff; text-decoration:none; font-weight:bold;' href='http://www.colbertnation.com/'>www.colbertnation.com</a></td></tr><tr valign='middle'><td style='padding:0px;' colspan='2'><embed style='display:block' src='http://media.mtvnservices.com/mgid:cms:item:comedycentral.com:267540' width='360' height='301' type='application/x-shockwave-flash' wmode='window' allowFullscreen='true' flashvars='autoPlay=false' allowscriptaccess='always' allownetworking='all' bgcolor='#000000'></embed></td></tr><tr style='height:18px;' valign='middle'><td style='padding:0px;' colspan='2'><table style='margin:0px; text-align:center' cellpadding='0' cellspacing='0' width='100%' height='100%'><tr valign='middle'><td style='padding:3px; width:33%;'><a target='_blank' style='font:10px arial; color:#333; text-decoration:none;' href='http://www.comedycentral.com/colbertreport/full-episodes'>Colbert Report Full Episodes</a></td><td style='padding:3px; width:33%;'><a target='_blank' style='font:10px arial; color:#333; text-decoration:none;' href='http://www.indecisionforever.com'>Political Humor</a></td><td style='padding:3px; width:33%;'><a target='_blank' style='font:10px arial; color:#333; text-decoration:none;' href='http://www.colbertnation.com/the-colbert-report-videos/267153/march-11-2010/the-colbert-repoll---scott-rasmussen'>Health Care reform</a></td></tr></table></td></tr></tbody></table>Submarinerhttp://www.blogger.com/profile/00537419162844897630noreply@blogger.com0tag:blogger.com,1999:blog-8547956415946953488.post-87151226068201190342010-03-17T07:56:00.000-07:002010-03-17T08:01:32.411-07:00Yes Men Fix The World<object width="640" height="385"><param name="movie" value="http://www.youtube.com/v/QnQX09DZLYE&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/QnQX09DZLYE&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="640" height="385"></embed></object><br /><br /><p><span style="font-family: Times New Roman;"><span style="font-size: medium;">Please join us this Friday night at 7 p.m. at the Senator Theater for the Baltimore Premiere Screening of "The Yes Men Fix the World." <b>Star of the film, Mike Bonanno will be there along with film producer, Jenn Lopez.</b> </span></span></p> <p><span style="font-family: Times New Roman;"><span style="font-size: medium;">"The Yes Men Fix the World" (<a href="http://salsa.democracyinaction.org/dia/track.jsp?v=2&c=ta9T5pYf1CuHtsCO1Izc6GFm29PwcGlT" target="_blank">http://theyesmenfixtheworld.com/</a>) is a screwball true story about two gonzo political activists who, posing as top executives of giant corporations, lie their way into big business conferences and pull off the world's most outrageous pranks. From New Orleans to India to New York City, armed with little more than cheap thrift-store suits, the Yes Men squeeze raucous comedy out of all the ways that corporate greed is destroying the planet. Brüno meets Michael Moore in this gut-busting wake-up call that proves a little imagination can go a long way towards vanquishing the Cult of Greed. Who knew fixing the world could be so much fun?</span></span></p> <p><span style="font-family: Times New Roman;"><span style="font-size: medium;">After the film, we will talk about how you can fix the world starting with the national "improved Medicare for All" campaign. We will also tell you about the Maryland state single payer bill: the Maryland Health Security Act (HB 767/ SB 682) and the economic impact study.</span></span></p> <span style="font-family: Times New Roman;"><span style="font-size: medium;">Bring your friends and family for some rollicking laughs and up to date information on health reform!</span></span>Submarinerhttp://www.blogger.com/profile/00537419162844897630noreply@blogger.com0tag:blogger.com,1999:blog-8547956415946953488.post-82253503779062534182010-03-12T06:21:00.000-08:002010-03-12T06:28:34.019-08:00Nerds Rule!<object height="385" width="480"><param name="movie" value="http://www.youtube.com/v/VCpNk92uswY&hl=en_US&fs=1&"><param name="allowFullScreen" value="true"><param name="allowscriptaccess" value="always"><embed src="http://www.youtube.com/v/VCpNk92uswY&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" height="385" width="480"></embed></object><br /><br />hat tip <a style="color: rgb(0, 0, 153);" href="http://harryallen.info/">Media Assassin</a><br /><br /><br /><object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/gqvYOr78THo&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/gqvYOr78THo&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object>Submarinerhttp://www.blogger.com/profile/00537419162844897630noreply@blogger.com0tag:blogger.com,1999:blog-8547956415946953488.post-22414985162537503312010-02-17T06:51:00.000-08:002010-02-17T06:52:58.132-08:00That is about the sum of it<object width="560" height="340"><param name="movie" value="http://www.youtube.com/v/qYtNwmXKIvM&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/qYtNwmXKIvM&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="560" height="340"></embed></object>Submarinerhttp://www.blogger.com/profile/00537419162844897630noreply@blogger.com0tag:blogger.com,1999:blog-8547956415946953488.post-50302679816725923422010-02-13T12:24:00.000-08:002010-02-13T18:46:12.929-08:00Historical Perspectives on the Financial Crisis<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhSrokNUh1yHjZ7tIsj6DmqQNkOXD6IkFJQXBtvC-G_7GBppsigMEXJrrTw0q9AS4hUPEOwwb10jCzV3vseUI3fe5JP64QCGtoZdYpowpwBrdDL5pvaZAwtFr2z31Lw87wx0d6pt0qFYx0/s1600-h/Match+King.jpg"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 262px; height: 400px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhSrokNUh1yHjZ7tIsj6DmqQNkOXD6IkFJQXBtvC-G_7GBppsigMEXJrrTw0q9AS4hUPEOwwb10jCzV3vseUI3fe5JP64QCGtoZdYpowpwBrdDL5pvaZAwtFr2z31Lw87wx0d6pt0qFYx0/s400/Match+King.jpg" alt="" id="BLOGGER_PHOTO_ID_5437924222338282786" border="0" /></a><br /><a style="color: rgb(0, 0, 102);" href="http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1547201">This Essay</a> discusses two historical parallels between the current financial<br />crisis and the financial crisis of the late 1920s and 1930s. First, financial<br />innovation was at the core of both crises. In particular, the machinations of<br />Ivar Kreuger illuminate how financial innovation tends to outstrip the ability,<br />and perhaps the willingness, of investors and intermediaries to process<br />information. Second, reliance on credit ratings began as a response to the 1929<br />crash and became a primary cause of the recent crisis. During the 1930s,<br />regulators developed rules based on credit ratings; those rules are the<br />ancestors of today’s widespread regulatory reliance on ratings. Without<br />financial innovation and overreliance on credit ratings, the recent crisis likely<br />would not have occurred, and certainly would not have been as deep.Submarinerhttp://www.blogger.com/profile/00537419162844897630noreply@blogger.com0tag:blogger.com,1999:blog-8547956415946953488.post-83792637530702103342010-01-29T07:32:00.000-08:002010-01-29T07:33:14.737-08:00More Illness<object width="560" height="340"><param name="movie" value="http://www.youtube.com/v/CjO7kBqTFqo&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/CjO7kBqTFqo&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="560" height="340"></embed></object>Submarinerhttp://www.blogger.com/profile/00537419162844897630noreply@blogger.com0tag:blogger.com,1999:blog-8547956415946953488.post-58589083561387502882010-01-25T07:01:00.000-08:002010-01-25T07:02:12.924-08:00Kick AssI hope the President watches this.<br /><br /><object width="560" height="340"><param name="movie" value="http://www.youtube.com/v/GLgfH5SOuWY&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/GLgfH5SOuWY&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="560" height="340"></embed></object>Submarinerhttp://www.blogger.com/profile/00537419162844897630noreply@blogger.com0tag:blogger.com,1999:blog-8547956415946953488.post-73570668314707678202010-01-19T06:06:00.000-08:002010-01-19T06:07:34.924-08:00Dark Days, Bright Nights<script type="text/javascript" src="http://www.pbs.org/wgbh/pages/frontline/js/pap/embed.js?news01n38fdqd8a"></script>Submarinerhttp://www.blogger.com/profile/00537419162844897630noreply@blogger.com0