Powell sets Fed's course with data-based judgementThe Saigon Times Daily Federal Reserve Chairman Jerome Powell testifies before a House Financial Services Committee hearing on the “Semiannual Monetary Policy Report to Congress," at the Rayburn House Office Building in Washington, U.S., July 18, 2018 – PHOTO: REUTERS JACKSON HOLE (REUTERS) - Federal Reserve Chair Jerome Powell has begun putting his stamp on the U.S. central bank as someone who will rely more on data-informed judgement and less on some of the models and theoretical values that have shaped the Fed’s course in recent years but that Powell has said can be false guides. In doing so he may be laying the groundwork for a longer-than-expected rate-increase cycle, as discussion intensifies among policymakers about what level of borrowing costs is appropriate in an economy that is nearly back to full health. In addition, the full stimulative effects of President Donald Trump’s tax cuts and … [Read more...] about Powell sets Fed’s course with data-based judgement
Does s health use data
VietNamNet Bridge – The Ministry of Health will soon spell out what medicines and medical techniques should be used by ward- and commune-level health centres around the country to make the family medicine model more efficient and reassure patients. It hopes to adopt the model in 80 per cent of provinces and cities. Minister of Health Nguyen Thi Kim Tien said the adoption of the family medicine model could help ensure patients do not go to district or higher level hospitals for treatment of minor ailments. Patients often do this because grassroots-level health facilities do not provide sufficient care. “If the model is efficient it could help reduce the overcrowding at high-level health facilities, which also causes a risk of transmission.” Grassroots health centres will also benefit from the new move. In HCM City, 191 out of 319 ward- and commune-level health centres have adopted the family medicine model starting in 2013. Speaking at a meeting on family medicine in … [Read more...] about Health Ministry to revamp family medicine model
A study ordered by US President Barack Obama and released Thursday concludes that analysis of "big data" can help society in many ways, from improving health care to spurring economic growth. A study ordered by US President Barack Obama and released Thursday concludes that analysis of "big data" can help society in many ways, from improving health care to spurring economic growth. But the report also said the vast expansion of computer analytics of large data banks creates new threats to privacy, and recommended updated rules and laws to protect stored information. "The big data revolution presents incredible opportunities in virtually every sector of the economy and every corner of society," said John Podesta, a former White House chief of staff who led the Big Data and Privacy Working Group. Podesta, in a blog post accompanying the report, said "big data is saving lives" by helping analyze trends in disease, infection and caring for babies born prematurely, among other things. … [Read more...] about White House report embraces ‘big data,’ privacy rules
It is widely accepted that obesity leads to an increased risk of health complications, but new studies quoted by media Tuesday challenge the conventional notion. “Our studies challenge the idea that all obese individuals need to lose weight,” said Dr. Jennifer Kuk, assistant professor in York University’s School of Kinesiology & Health Science in Toronto. One of the studies used data from the Aerobics Center Longitudinal Study consisting of 29,533 individuals and assessed their mortality in 16 years. It found no difference in death risks between normal-weight individuals and obese ones. "Since the obese people did not have greater risk of dying than normal weight individuals, they don’t need to lose weight," said Dr. Kuk. But the finding did not give obese individuals a “free license” to gain weight, Dr. Kuk added. Maintaining weight, eating right and exercising may be better than trying to lose weight in the long run, said Dr. Kuk. (Agencies) … [Read more...] about Obesity does not necessarily mean poor health
Hidden beneath tarpaulins in the backyard of a house in the central Philippine city of Danao, Lito puts the finishing touches on a replica .45-caliber Colt Officer’s Model pistol. It will join the more than 600,000 illegal guns in circulation in a country where the homicide rate outstrips the U.S. The money he makes from guns supplements his income as a farmer and helped Lito, 52, send two children to college. Still, he thinks often of the suffering that may come from a craft he learned from an uncle and older brother. “I worry that the firearms I make may be ending up in the wrong hands,” said Lito, a soft-spoken man dressed in loose jeans and slippers, who asked not to be identified in full given the nature of his work. “If there were other opportunities, I will stop making guns.” Lito, who will sell the pistol that took him a month to make for 6,000 pesos ($133) -- about three-quarters of the monthly minimum wage -- is one of 6,000 illegal gunmakers the … [Read more...] about Farmers copying guns make Philippines deadlier than U.S.