How Can Employers Limit the Cost of Absenteeism? An International Look

Unscheduled staff absence due to illness or other reasons can be very costly for employers, official statistics and survey data reveal. In the UK it was reported by the Health and Safety Commission that 36 million days of work were lost due to sickness absence in 2006 and 2007, and the Chartered Institute of . . . → Read More: How Can Employers Limit the Cost of Absenteeism? An International Look

Why You Shouldn’t Patent Your Invention Just Yet

Explains the Theory of Holdups and why you might not want to Patent your new Invention…..just yet. . . . → Read More: Why You Shouldn’t Patent Your Invention Just Yet

Should Patients Be Allowed to Direct Their Own Care?

Some people have suggested that one way to prevent the wasteful costs of healthcare is to have a menu of treatment options, with their costs, that is presented to the patient. For example, when you are admitted to the hospital as an inpatient, the physician typically orders tons of tests, medications, and nursing orders. . . . → Read More: Should Patients Be Allowed to Direct Their Own Care?

Is the U.S. on the Road to Socialism? (Part 2)

Last week, I looked at the first five planks of Karl Marx’s Communist Manifesto and the extent to which they have been integrated into the U.S. government. This week, I’ll examine planks 6-10.

6. Centralization of the means of communication and transport in the hands of the State.

Check. We have the Federal Aviation . . . → Read More: Is the U.S. on the Road to Socialism? (Part 2)

Are Synthetic Fuels Viable Alternatives to Ethanol?

The cost of oil has only recently dropped after more than a year of bank-breaking prices. While it has decreased from $140 to $65 per barrel, the future of oil prices remains obscured. To alleviate the pressure of finding solutions to our oil dependency without funding tyrants overseas or drilling holes in our eastern . . . → Read More: Are Synthetic Fuels Viable Alternatives to Ethanol?

A Glimpse of Drucker’s Brain: E-Interview and Reader Q&A with Jeffrey Krames

In 2003, at age 94, Peter Drucker, widely considered the world’s most influential expert on management, granted Jeffrey Krames a daylong interview about his management principles, his 38 books, and the leaders he had advised over the years. Upon his death in 2005, the Washington Post credited Drucker for influencing “Winston Churchill, Bill Gates, . . . → Read More: A Glimpse of Drucker’s Brain: E-Interview and Reader Q&A with Jeffrey Krames

In Defense of Speculators, Part III: Credit-Default Swaps

Not so long ago, AIG was the world’s largest insurer. In the year 2000, its value peaked at over $265 billion, and just one year ago, the insurance giant was worth nearly $170 billion. But last month, facing bankruptcy, the once-proud AIG—now worth a mere $2.65 billion—became the largest welfare recipient in U.S. history, . . . → Read More: In Defense of Speculators, Part III: Credit-Default Swaps

Will the Student Loan Industry Be Bailed Out Next?

Will companies that issued derivatives based on bundled student loans be the next financial dominoes that will require a government “bailout”? The country’s long dedication to education makes it a virtual certainty.

The emphasis of the role of government in education predates the establishment of the . . . → Read More: Will the Student Loan Industry Be Bailed Out Next?

Thanks VIX, But I Don’t Need Your ‘Fear Index’ to Tell Me People Are Nervous About the Economy

Why, oh why, did the biggest financial crisis since the Great Depression have to hit during a presidential election year?

The ‘Fear Index’, also known as the VIX (or, officially, the Chicago Board Options Exchange Volatility Index) is a financial tool that measures market swings or volatility. The higher the VIX goes, the scarier . . . → Read More: Thanks VIX, But I Don’t Need Your ‘Fear Index’ to Tell Me People Are Nervous About the Economy

Why Software Piracy Isn't Theft

Demonstrates why Software Piracy and Pirated Music should not be considered as theft. . . . → Read More: Why Software Piracy Isn’t Theft