- IceRocket’s Secret Weapon (The Post Money Value) — How saying "Thank You" is a powerful business tool.
- Tracking is Good (A VC) — Value in targeted marketing, and how customer tracking helps.
- Onfolio – The Buzz Process (The Post Money Value) — Blogs change the landscape for getting testimonials and paid placement.
- Cheap Shot in a Good Cause (Moore’s Lore) — Why free trade should not be values free.
- Becoming an Un-Person (Moore’s Lore) — The ID system in the US is broken and Dana’s experience with the local Social Security Administration office is a good example of why.
- The Christian Paradox (Harper’s via Chewie) — On American Christians and their un-Christian behavior.
- Wartime Dispatches (Greensboro News & Record) — Stories about soldiers in Iraq who are from Piedmont Triad area.
- Economics of Used Books (Boing Boing) — Why Amazon.com isn’t stupid for selling used books next to new books.
- Spin Sucks (Feld Thoughts) — “First we have to decide what the right thing to do is; then we’ll
think about the politics. Otherwise we’ll just confuse ourselves. — Richard Snelling” - Acceptable Downtime (Feld Thoughts) — Why 99.999% up time may not be enough for online service providers. Better said would be the importance of redundancy.
- Delta and the "Internal" Memo (The Post Money Value) — About the absurdity of the concept of an "internal" memo in a company with more than 10 employees.
- No More AO-Hell (Jeff Jarvis) — Jeff dumps AOL after a 12 year relationship and in the process of describing the dump he gives a cool retrospective on the evolution of the internet.
Category Archives: Economics
Reading List July 25, 2005
- Rolling Thunder vs. Scoble Style (The Post Money Value)
- Shhhh, don’t tell anyone (Robert Scoble)
- Blog Search = Opportunity (The Post Money Value)
- The Cult that is Human Service Alliance and the Center for Purposeful Living ( Chris Short via Patrick Eakes)
- Standards and Practices (John Robinson, Editor Greensboro News & Record) –Editorial note–This is a list of 16 standards that the Greensboro News & Record has set out for its staff bloggers.
- Levitt Replies to the Critical Letter Published in NY Times (Freakonomics)
- Using Blog Search for Business (BlogMaverick) –Editorial Note–This is Mark Cuban’s blog and I personally found this the most useful of his posts to date.
- Marc Canter’s Clue (Moore’s Lore) –Editorial Note– I consider Dana Blankenhorn my digital canary in the mine. If he thinks something is important I pay attention to it, so I’m going to do a little research on AlwaysOn and GoingOn.
A Positive Story Involving Medicare?
According to this post on Daniel Drezner’s blog, in which he references an article by Gina Kolata in the New York Times, Medicare is prepared to give doctors, free of charge, the software to computerize their medical practices. The savings for each doctors office could be as much as $100,000.
Of equal interest to me is that the system they are going to give the doctors is called Vista, which is not owned by any company (i.e. it is open source) and is already being used by Veterans Affairs hospitals and inpatient/outpatient facilities.
As with other open source software the real power lies in the ability for any number of developers to create improvements or new applications for the system. Then individual users can pick which components are worth using or implementing.
One example cited is the suggestion of a VA nurse to use barcodes on prescription medications and on patients’ wrist bands. The person administering the medicine scan’s the drug and the wrist band and if there’s a mismatch between the wrist band and the drug the system catches it. Programmers added this feature and it led to an 80% drop in drug errors at the VA.
Medicare has rightly identified the backwardness of doctors’ offices as an impediment to an improved healthcare system. Let’s hope for all our sakes that this new system leads to improved, and cheaper, care.
**Last note** – Vista has always been available for free via a Freedom of Information Act request, but nobody knew it.
Today’s Reads: July 22, 2005
- Lazy Reporter Calls Reporter Lazy (Moore’s Lore)
- Bank of Wal-Mart (Moore’s Lore)
- China Unpegs Itself (NY Times via Ed Cone)
- Is This the Future? (Greensboro News & Record Editor’s Blog)
- To Billy, from Paul (with love?) (Greensboro News & Record Inside Scoop Blog)
- World’s Worst Excerpt (Book) — The Maddest Mad Scientist: The CIA’s Dr. Sidney Gottlieb (Boing Boing)
- Get Rich Slowly (Boing Boing)
- A Progress Report on Infoworlds del.icio.us Experiment (Jon Udell’s Blog via MicroPersuasion)
- Chronicle to Cut 13% of Guild Jobs (Grade the News via Dan Gillmor) –Editorial Note– According to this article the San Francisco Chronicle is losing over $1 million a week, and lately it’s been more like $2 million a week. This for a paper with a virtual monopoly in its city.
- Senior Executive Bloggers Make the Case for Blogging (NevOn)
- Blegging for Health Care Experts (Daniel Drezner)
- In Defense of Free (A VC)
- CEOs are Faking It (ComputerWorld via Fark)
- Dell Sucks Another $7 Million Out of North Carolina (The Register via Fark)
Today’s Reads: July 19, 2005
- New Periodic Table – a slideshow (Slate, via Ed Cone)
- Family Tree of US Telecom Industry (CIO, via Ed Cone)
- Which Would You Rather Have, a Seatbelt or an Airbag? (Freakonomics)
- The Starbucks Sound (Reveries.com)
- Overnight Success Takes Years (Knowledge is Power)
- Big Staff Changes at Business Week (BusinessWeek.com, via Jeff Jarvis)
- Rashomon in the Nanny World (Daniel Drezner)
- Adsense Update (A VC)
- What’s In a Headline? Plenty (The Post Money Value)
- Media/Political Bias ** (Rhetorica, via Blog on the Run)
- Banks’ Profits Fall Short of Expectations (Winston-Salem Journal)
- New Credit Card Payment Requirements Bring Good, Bad News (Yahoo News)
- British Teen Launches Airline from Bedroom (ABC News)
- eWeek + VC Loyalty = Confused (The Post Money Value)
- What’s the Big Idea (1up.com)
Freaky Economics from My Alma Mater
It seems that the Freakonomics guys aren’t the only ones practicing "freaky economics." Check out this Wall Street Journal piece that links to several interesting, non-traditional applications for economics.
The coolest part to me is that my alma-mater, George Mason University, is home to the economics department from which the author hails. GMU’s first Nobel laureate was an econ-guy at the school, and as further proof that my wife is the brains in the family, she was an Econ major. I, of course, was an English-Lit major which had a decidedly less, um, rigorous curriculum.
Freakin’ on Freakonomics
As I mentioned in an earlier post I’m starting in on Freakonomics, and I can now tell you I’m enjoying it immensely. Based on my earlier post a good friend of mine (hi Rich) has asked me to send him the book when I’m done. Until then he, and you, can enjoy the work of the Freakonomics boys on their blog.
Also, here’s a great piece on how the folks at RIAA should apply a lesson from Freakonomics to their problem with file sharers.
Proof That Your Boss Probably IS a Lying, Cheating Bastard
The London Times printed an excerpt from Freakonomics that is pretty interesting. A former economist for the US Government went into business providing bagels to companies each morning and leaving a box for the companies’ employees to put money in if they ate a bagel. He also provided a suggested price for them to pay. After that he relied on the honor system for his payment.
Being an economist the guy kept detailed data about his sales. He was able to track the payment rate (or cheating rate if you want to be negative) on a company-by-company basis. At one company he was even able to track the cheating rate of the executive suite vs. the lower level employees. Here’s a quote:
He also believes that employees further up the
corporate ladder cheat more than those below. He got this idea after
delivering for years to one company spread out over three floors — an
executive floor on top and two lower floors with sales, service, and
administrative employees. (Feldman wondered if perhaps the executives
cheated out of an overdeveloped sense of entitlement. What he didn’t
consider is that perhaps cheating was how they came to be executives.)
The excerpt also has some interesting comparisons of small companies vs. large companies, the effect of weather and other factors. Definitely a fun read.
FYI, I’m in the middle of reading Freakonomics (which is excellent) and I’ll probably be posting observations about it here in the future.