MedWorm provides a medical RSS filtering service. Over 6000 RSS medical sources are combined and output via different filters. This feed contains the latest medical blog items that have been tagged with 'currency'. Sat, 03 Sep 2011 02:30:59 +0100 http://www.medworm.com/index.php?rid=4377558&cid=t_137816_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FUrfJNoB1IH0%2F By Mark A. CalabriaChinese President Hu Jintao’s visit to Washington brought renewed focus on China’s currency.  It was likely the largest point of discussion between President Obama and President Hu.  I suspect a less public, but related, issue was China looking for some certainty that America would make good on its obligations; after all, China is our largest lender. What is often missed is the connection between these two issues:  currency and debt.  When China receives dollars for the many goods it sells us, instead of recycling those dollars into the purchase of US goods, it uses that money mostly to buy US Treasuries and Agencies (Fannie/Freddie securities).  These large Treasury/Agency purchases (foreign holdings of GSE debt are over $1 trillion) have the effect of... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=4377558 Thu, 20 Jan 2011 16:26:17 +0100 4377558 http://www.medworm.com/index.php?rid=4133666&cid=t_137816_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2F_TOCHoa1d-c%2F By Gerald P. O'DriscollThe Fed’s planned purchases of $600 billion of long-term Treasury bonds were targeted for domestic problems, but are having international consequences. The expansion of the Fed’s balance sheet drives down the foreign-exchange value of the U.S. dollar, and (same thing) forces other currencies to appreciate in value. Emerging markets with high short-term interest rates will attract “hot money” flows. These flows are not stable sources of funding, and disrupt the small capital markets in these countries. Long-term, the appreciation of their currencies harms their competitiveness in global goods’ markets. Brazil has already imposed capital controls and other emerging markets may follow. The Chinese in particular have reacted sharply.  A... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=4133666 Thu, 04 Nov 2010 16:59:58 +0100 4133666 http://www.medworm.com/index.php?rid=4013141&cid=t_137816_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FYzCYLVhN_Vg%2F By Daniel GriswoldThe House is expected to vote today on a bill that would allow U.S. companies to petition the Commerce Department for protective tariffs against imports from countries with “misaligned currencies.” Everybody knows the bill is aimed squarely at China. Advocates of the legislation say it is about jobs, and they are partly right. The bill is about saving the jobs of incumbent lawmakers who are desperate to appear tough on China trade, which they blame for the loss of U.S. manufacturing jobs. As my colleague Dan Ikenson and I have argued at length, in blog posts, op-eds, and longer studies, A stronger Chinese currency will not put a major dent in our large bilateral trade deficit with China, certainly not any time in the near future. The bilateral deficit with China and ... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=4013141 Wed, 29 Sep 2010 15:29:04 +0100 4013141 http://www.medworm.com/index.php?rid=3687087&cid=t_137816_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FPLcoFurvZCs%2F By Daniel IkensonIn Washington, everybody seems to have an opinion about the Chinese currency these days.  But too often those opinions show contempt for the facts. The prevailing wisdom—undergirded by theories and equations that may need updating in this age of global production sharing and transnational supply chains—is that an appreciating yuan will reduce the bilateral trade deficit, as U.S. imports from China become relatively more expensive for Americans using dollars, and U.S. exports to China become relatively less expensive for Chinese using yuan. The lead article in Sunday’s Washington Post presents this point of view unquestioningly, and in the process foregoes an opportunity to explain to its readers that the relationship between currency values and trade balances, and b... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=3687087 Tue, 22 Jun 2010 14:56:14 +0100 3687087 http://www.medworm.com/index.php?rid=3577387&cid=t_137816_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FujmJbuTcRf4%2F By Alan ReynoldsWhat does the Greco-Euro currency/debt crisis mean for the U.S. economy? Nearly everyone except the uniquely wise economist John Cochrane assumes very bad “contagion” effects –on U.S. banks, exports and particularly U.S. manufacturing. This echoes identical anxieties while the world went through a far more dramatic Asian currency crisis after  July 1997,  and a Russian debt crisis the following May. The most widely ignored effect of that crisis, however, was to depress foreign demand for oil, and thus slash oil prices to U.S. buyers from $25 a barrel in early 1997 to $11 by the end of 1998. Oil is a major input into the manufacturing process (e.g., chemicals and plastics), and a major cost of distribution (trucks, trains and airplanes).  It is also a major dete... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=3577387 Tue, 18 May 2010 18:33:14 +0100 3577387 http://www.medworm.com/index.php?rid=3403862&cid=t_137816_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2F7qokWFmTTM0%2F By Chris Moody Too bad no one saw this coming: Social Security is now in the red. Now that the health care bill is law, you should know exactly how it’s going to affect you, your premiums, and your coverage over the next few years. Here’s a helpful breakdown. As the health care overhaul crosses home plate, global warming legislation steps up to bat. Appreciate this: Chinese currency rise will have a negligible effect on the trade deficit. For more, read the whole paper. Podcast:  “A Plea for Divided Government” featuring John Samples, author of the forthcoming book The Struggle to Limit Government. (Source: Cato-at-liberty) Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=3403862 Thu, 25 Mar 2010 15:43:18 +0100 3403862 http://www.medworm.com/index.php?rid=3403868&cid=t_137816_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FIF4mb5ideWY%2F By Daniel IkensonOrganized labor’s trade “think tank” in Washington, the Economic Policy Institute, claims that currency manipulation is a major cause of the U.S. trade deficit with China, which (along with other unfair trade practices) accounted for 2.4 million American job losses between 2001 and 2008. EPI has been making similar claims for years, getting lots of media attention for its hyperbole, and providing smoke bombs for charlatan politicians to hurl into the discussion to obscure the public’s understanding of trade.   For starters, as conveyed in this new paper, I am skeptical about the relationship between currency undervaluation and the trade account. EPI’s methodology (to use the term loosely) is not to be taken seriously, though, because it deri... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=3403868 Wed, 24 Mar 2010 17:20:41 +0100 3403868 http://www.medworm.com/index.php?rid=3378456&cid=t_137816_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FZ5r_O6He898%2F By Chris Moody Busy with an ambitious domestic agenda, the Obama administration has put trade issues on the back burner. Let’s hope it stays that way. A little lesson on how government works. (As opposed to how it’s supposed to work.) There has been talk that House Democrats are planning to “deem” the health care bill into law without calling for a vote. If you’re not sure how that process works, read this. Contrary to a growing belief in Washington, revaluing China’s currency will not cure the trade deficit. Podcast: “ObamaCare Threatens Innovation” featuring Michael F. Cannon. (Source: Cato-at-liberty) Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=3378456 Wed, 17 Mar 2010 20:10:12 +0100 3378456 http://www.medworm.com/index.php?rid=3370388&cid=t_137816_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FLND7-EWVsCo%2F By Daniel IkensonFollowing are some thoughts from a broader analysis of mine on  the state of U.S.-China relations, which will be published in the near future. Between July 2005 and July 2008, the Chinese RMB appreciated by 21 percent against the dollar.  But over that 3-year period, the U.S. trade deficit with China increased from $202 to $268 billion.  Why, then, do policymakers think revaluation is the key to reducing the trade deficit?  Why do they even care about the bilateral trade deficit, which is meaningless in the context of our globalized economy.  Only one-third to one-half of U.S. imports from China is Chinese value added.  The rest is Japanese, Taiwanese, Korean, Australian, American and other countries’ value added.  The bilateral figures tell us nothing import... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=3370388 Tue, 16 Mar 2010 16:46:31 +0100 3370388 http://www.medworm.com/index.php?rid=3251255&cid=t_137816_109_f&fid=34761&url=http%3A%2F%2Ffeeds.feedblitz.com%2F%7E%2F4873961%2F12jedf%2Fneuromarketing%7EPricing-Lessons-from-Restaurants.htm My last Neuromarketing post, Neuro-Menus and Restaurant Psychology, talked about various things restaurant menu engineers do to maximize sales and profits. I think it’s worth calling special attention to one aspect touched on in that post: how price presentation affects sales. Not, the price itself, which of course is very important, but the [...] CommentsThis is fascinating, I don't have any great insights but I am ... by Claire BoylesI've decided (years ago) to avoid rubbing currency signs in ... by Paul JohhnsonPlus 4 more... (Source: Neuromarketing) Neuromarketing blogs http://www.medworm.com/rss/comments.php?id=3251255 Thu, 07 Jan 2010 12:58:52 +0100 3251255 http://www.medworm.com/index.php?rid=2719750&cid=t_137816_109_f&fid=36089&url=http%3A%2F%2Fthesituationist.wordpress.com%2F2009%2F08%2F21%2Fthe-dirty-situation-of-u-s-currency%2F Madison Park of CNN.com has an interesting piece on potentially harmful substances commonly found on currency.  We excerpt it below. * * * In the course of its average 20 months in circulation, U.S. currency gets whisked into ATMs, clutched, touched and traded perhaps thousands of times at coffee shops, convenience stores and newsstands. And every touch to every bill brings specks of dirt, food, germs or even drug residue. Research presented this weekend reinforced previous findings that 90 percent of paper money circulating in U.S. cities contains traces of cocaine. “When I was a young kid, my mom told me the dirtiest thing in the world is money,” said the researcher, Yuegang Zuo, professor of chemistry and biochemistry at the University of Massachusetts Dartmouth. “Mom... The Situationist blogs http://www.medworm.com/rss/comments.php?id=2719750 Fri, 21 Aug 2009 04:01:46 +0100 2719750 http://www.medworm.com/index.php?rid=2645274&cid=t_137816_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FkgYKgPAAuI0%2F It’s not just Americans worried about the flood of dollars from the Fed.  The Chinese and now the Malaysians also are wondering if they should keep dealing in greenbacks. Reports the Wall Street Journal: Malaysia’s prime minister said China and his country are considering conducting their trade in Chinese yuan and Malaysian ringgit, joining a growing number of nations thinking of phasing out the dollar. “We can consider whether we can use local currencies to facilitate trade financing between our two countries,” Malaysian Prime Minister Najib Abdul Razak told reporters at a briefing Wednesday after meeting with China’s premier, Wen Jiabao. “What worries us is that the [U.S.] deficit is being financed by printing more money,” Mr. Najib said. &#8220... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=2645274 Mon, 27 Jul 2009 12:33:07 +0100 2645274 http://www.medworm.com/index.php?rid=2200494&cid=t_137816_109_f&fid=34750&url=http%3A%2F%2Fpsychcentral.com%2Fblog%2Farchives%2F2009%2F02%2F20%2Fmindfulness-and-cash-flow%2F You only lose what you cling to. —Buddha Money is emotional currency. During an economic crisis, the first instinct is to reclaim our resources and pull them close to us: reduce spending, reduce giving and cut back. While all these measures make sense, on one level they can create an even greater difficulty. When we hoard our money we create a poverty of spirit, a deprivation mindset that dictates our behavior based on scarcity and informs our view of the world. We believe we won’t have enough, that others don’t either, and that the key to survival is to protect our assets. While all this is true, it is only half-true. The other truth is that giving and a sense of abundance are necessary to our well-being. Consider the most essential function we have as a living being. If we... World of Psychology blogs http://www.medworm.com/rss/comments.php?id=2200494 Fri, 20 Feb 2009 13:10:40 +0100 2200494 http://www.medworm.com/index.php?rid=1652549&cid=t_137816_109_f&fid=35677&url=http%3A%2F%2Ffeeds.feedburner.com%2F%7Er%2FBrainBasedBusiness%2F%7E3%2F344828406%2Fif_you_believe_act.html If you believe that...1. leader talk does not equate to listeners' learning … then you will want to  convert talks into vibrant roundtable exchanges and investigations.2. creative people inspire great end results … then you will want to  start to motivate creativity in all people.3. mistakes are stepping stones for excellence … then you will want to  help people risk whatever it takes to improve their performance.4. people can be guided into higher achievement … then you will want to  convert performance assessment tasks into learning tools.5. today’s realities may not contain tomorrow’s best practices … then you will want to  challenge and test traditions to add more appropriate approaches.6. people are the highes... BrainBasedBusiness blogs http://www.medworm.com/rss/comments.php?id=1652549 Thu, 24 Jul 2008 18:30:51 +0100 1652549 http://www.medworm.com/index.php?rid=1640362&cid=t_137816_109_f&fid=35677&url=http%3A%2F%2Ffeeds.feedburner.com%2F%7Er%2FBrainBasedBusiness%2F%7E3%2F341128836%2Fgaining_from_global_brainpower.html How far beyond your workplace do networks expand in a day? Not surprisingly, Jane Clark, editor at USA Today, reminded us that some Americans hope to change our global image. In her feature, “That Ugly American Image is Getting a Makeover Guide,”  Clark shows global practices that could improve your bottom line.  For some firms a starting place is merely the practice itself … of networking on a wider scale. Many people I speak to see global brainpower as good for business, as well as for mending broken US-international relationships. They’re not alone either.The Travel Industry Association of America (TIA) is solidly behind improved global exchanges... “The American-image problem is of primary concern to TIA, says spokesman,... BrainBasedBusiness blogs http://www.medworm.com/rss/comments.php?id=1640362 Mon, 21 Jul 2008 03:23:50 +0100 1640362 http://www.medworm.com/index.php?rid=1122199&cid=t_137816_109_f&fid=35677&url=http%3A%2F%2Ffeeds.feedburner.com%2F%7Er%2FBrainBasedBusiness%2F%7E3%2F208570445%2Fbeyond_illegal_immigration_to.html I’m a bit bothered by our growing resentment toward legal immigrants. It's time for a change of focus ... as I see it. Why so? As weapons mount to nab undocumented workers … so does anger seem to grow toward those who simply differ. Have you seen it? I'm not making a case for ignoring workers in violation of immigration laws. My concern comes more from a tendency to diminish people simply because they differ. Let's look past the problems to find wiser solutions.Constantly we read of employer crackdown from US Immigration concerns. Yet … where are opposite messages that teach and inspire people to embrace unique mental offerings where we work? If you are fortunate enough to work at a firm that values innovation, you’ve... BrainBasedBusiness blogs http://www.medworm.com/rss/comments.php?id=1122199 Sun, 30 Dec 2007 18:07:44 +0100 1122199 http://www.medworm.com/index.php?rid=888746&cid=t_137816_109_f&fid=35677&url=http%3A%2F%2Ffeeds.feedburner.com%2F%7Er%2FBrainBasedBusiness%2F%7E3%2F159144104%2Fwhat_the_media_forgot_to_repor.html I hope the media will spot and report the real story behind Jena, Louisiana – because it affects all of us ... and business benefits are far more than you may think. Check out the video to see tension in Jena’s story ... played out in yours. Does the media get it? Do you? When thousands of Jena marchers hit their mark today, I hope they’ll create racial respect where you and I work…. For that reason I’m asking both marchers and media 5 two-footed questions.1. Are you marching with a war or peace plan in mind for all people?2. Do you bring winning solutions and the guts to inspire others to try these? 3. Will you model tone today to turn differences into deep respect for all humans?4. Will you vent today, or build a new legacy of trust and care and c... BrainBasedBusiness blogs http://www.medworm.com/rss/comments.php?id=888746 Thu, 20 Sep 2007 20:01:06 +0100 888746 http://www.medworm.com/index.php?rid=815342&cid=t_137816_109_f&fid=35677&url=http%3A%2F%2Ffeeds.feedburner.com%2F%7Er%2FBrainBasedBusiness%2F%7E3%2F146745482%2Fa_brain_for_balance_and_profit.html If you agree that unbalanced doctor–nurse relationships cut out weath from both sides … or that CEO–employee rapport problems stall profits for most firms … you’ll also agree there are likely better ways to relate at work. How so? For instance, toss in a few current brain keys about how talents grow and develop or how diverse people draw higher productivity from multiple intelligences, and you’ll also open radical challenges to deep seated conventional wisdom.Cultures can become a firm's best currency, and that transformation happens easier than you may think.Simply rewire your firm's mental plasticity for better balances between people and profit. Rather than rely on one boss ... ask instead ...Do rigid hierarchies stifle i... BrainBasedBusiness blogs http://www.medworm.com/rss/comments.php?id=815342 Wed, 22 Aug 2007 03:04:10 +0100 815342 http://www.medworm.com/index.php?rid=786014&cid=t_137816_109_f&fid=35677&url=http%3A%2F%2Ffeeds.feedburner.com%2F%7Er%2FBrainBasedBusiness%2F%7E3%2F141745825%2Fgrow_what_you_do_well.html It struck me as I read Liz Strauss' post how currency comes from anything we do well.... At least anything that people want or need. Do you remember how journalist Shirley Povich won great popularity at the Washington Post? I’ve often been intrigued by Povich’s personal philosophy … “No story has been written that couldn’t be written better.”  Would that describe something you do  you'll do at work today ... or this week? Some people tell you they get so lost in the fast flying technologies that they forget to take time out to develop what they already do well. Yet the art of growth starts with what we do. Opportunities for new development of your best ideas will be there as long as humans a... BrainBasedBusiness blogs http://www.medworm.com/rss/comments.php?id=786014 Tue, 07 Aug 2007 22:02:28 +0100 786014