By James George Jatras – Enacted in 2010 by an all-Democratic Congress with almost no legislative review, the “Foreign Account Tax Compliance Act” (FATCA) was slipped into an unrelated jobs bill as a budgetary pay-for provision. Set to go into effect on July 1, 2014,
FATCA creates an NSA-style information dragnet requiring all non-U.S. financial institutions (banks, credit unions, insurance companies, investment and pension funds, etc.) in every country in the world to report data on all specified U.S. accounts to the IRS. more> http://tinyurl.com/oahc75h
R&D – In a north London hospital, scientists are growing noses, ears and blood vessels in a bold attempt to make body parts in the laboratory.
“It’s like making a cake,” said Alexander Seifalian at University College London, the scientist leading the effort. “We just use a different kind of oven.” more> http://tinyurl.com/ovrb7m2
Posted in Technology, Economic development, Economy, Science, Business, Healthcare, Nature, Education
Tagged Technology, Business improvement, Health, Industrial economy, University College London
By Adam Grant – Once upon a time, the field of medicine was riddled with danger. Doctors made up cures based on individual experience, inflicting horrors on patients—lobotomy, anyone?
Everything changed with the advent of evidence-based medicine.
With randomized, controlled trials and careful longitudinal studies, we learned about effective treatments and risky behaviors.
Today, the field of management is not far from where doctors were before evidence-based medicine.
We have leaders and managers choosing practices based on their own intuition and experience, when it’s much more reliable and valid to make decisions based on many data points and experiences. more> http://tinyurl.com/nouuytj
Posted in Business, Economic development, Economy, Education, History, Leadership
Tagged Business improvement, Industrial economy, Jobs, Leadership, Organization, United States