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Highlighting the imprecision embedded in any forecast would help when we then go on to, say, evaluate whether a public-policy initiative - like a $787 billion stimulus package - is changing the outcome of events. Is unemployment lower than it would have been otherwise? A good starting point is being realistic about our limits of knowing what unemployment would have been otherwise...
Ryan Travia, director of OAODS, said that he could not share information on how much money is being saved through the hours reductions. But he said student traffic is certainly "considerably lower" during the summer months than during the academic year, and that he did not expect the week-long furlough for the office to cause any disruptions for students or internal operations. He said that during the slow summer months, his office typically reviews research and data collected over the course of the year, writes reports, reviews policy and procedures, and prepares for the incoming freshmen...
...data shows that primary care, effective primary care, is central to an effective health care system. Where primary care is strong, the data shows that costs are lower, outcomes are better, and there's less disparity of care," said Allan H. Goroll, a professor at MGH and a general internist at Mass. General Hospital, where he initiated the nation's first residency track in primary care internal medicine. He also said that while the financing of health care reform may be controversial, the need to strengthen and reform primary care is well-recognized and enjoys bipartisan support...
...Wang Baoguo, CEO of the Hangzhou Dafeng Furniture Co., securing two loans via Alibaba has meant gaining the cash to buy raw materials at lower cost. The seven-year-old company employs 150 people and manufactures wooden home furnishings. But despite its experience, Hangzhou Dafeng has traditionally avoided pursuing credit through traditional channels. "A small start-up company like ours doesn't remotely qualify for loans under the banks' criteria, so I didn't even bother to try," says Wang. Through the Alibaba program, the company was approved for a $100,000 loan. After repaying that, it applied...
...Following his Liberal Democratic Party's bitter defeat over the weekend in Tokyo's municipal elections, Prime Minister Taro Aso announced the lower house of the Japanese parliament will be dissolved on July 21 and a general election will be held Aug. 30. Aso's decision ended months of speculation as to when his battered administration and fellow LDP lawmakers would finally have to face voters. The country's last general election was in September 2005. (See pictures of Japan and the world...