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More information can make us healthier too, which is why the stimulus poured $1.1 billion into "comparative effectiveness" research. Orszag has reams of charts showing that medical tactics and costs vary wildly across the country, with little regard for what works. He'd like to document best practices - from emergency-room to-do lists that dramatically reduce infections to protocols for when pricey tests and surgeries really help - and then have all medical providers adopt them. This approach has helped American anesthesiologists reduce deaths as well as costs...
...none in our neighborhood. The bully pulpit has limits - Michelle Obama has literally urged us to eat our broccoli, but she can't make it taste like fudge. "I like nudges, but sometimes we need to do more," says Harvard's Mullainathan. Sometimes we need a shove. The research proves change can come about when it's easy and popular, but making it lucrative - or even mandatory - can make sure it happens...
...comes the hangover. Funds launched in 2005 and 2006, which invested most of their capital at the market peak, will struggle ever to turn a profit. But research firm Preqin reports that of $2.5 trillion in private-equity assets worldwide at the end of 2008, $1 trillion was "dry powder" - cash that hadn't been invested. There are lots of cheap companies out there, and private-equity firms with cash on hand will surely hit a few home runs with investments made in the coming years...
...Waldorf emphasized the importance of “facing the customer,” saying that resumes with experience in sales went to the top of his hire list. eHarmony, founded by psychologist and marriage counselor Neil Clark Warren, distinguishes itself from other dating websites by its research-based 250-word questionnaire that matches people on 29 dimensions of personality. The service has proven immensely popular, and is responsible for two percent of all new marriages in the United States, according to the website. “Though the economy is so tough right now, it’s such...
...headline speaker at Harvard's June 4 Commencement exercises, University officials announced Thursday morning. The announcement highlighted Chu's role in pushing renewable energy and reducing carbon emissions, both as Energy Secretary and as an academic, and referenced Harvard's own recent efforts to promote sustainability and research to address environmental questions. “Steven Chu is a brilliant scientist and an eloquent exponent of thoughtful, creative approaches to meeting the challenge of global climate change,” said University President Drew G. Faust in the press release. “His own career combines leadership...