Celent’s Creative Disruption event last week was very well received. For those of you who couldn’t make it, I thought you might like to see the video that set the tone for the event. Special thanks to National Western Life’s CIO, Mike Hydanus, and Oregon Mutual’s CIO, Bryan Fowler, who shared their views on creative disruption on camera.
Creative Disruption
Tags: Creative Disruption, Video
In times past, one of the best ways to take a well-defended city was with a good old fashioned siege, essentially, starving the city of either food or water. Now many people want to lay siege to the big-boy bailout banks but to do so, you’ll have to starve them of cash … something the “Occupy” protestors obviously don’t understand.
To starve the big banks, it’s essential to understand how a bank makes money. Banks primarily make money through:
Some fees I understand like overdraft fees, or out-of-network ATM fees. Most other fees are beyond ridiculous. For example, some banks (like Chase) charge a fee if you cash a check drawn on a Chase account if YOU don’t have an account there. Then there’s monthly “service” fees, minimum balance fees, and the infamous “debit card usage fee” that most banks had to rescind once the outrage bubbled to the surface.
Most online banks don’t have these ridiculous fees. One of the best banks for
Tags: Fashioned Siege, Old Fashioned, Old Fashioned Siege, Siege
According to new research by Americas leading credit scoring agency, a consumers credit card payment history can be a good indicator for doctors regarding whether or not that individual will take medication on time.
FICO have launched several new consumer ratings which are based on information collected by credit card companies, retailers and insurance providers along with other companies.
One example is the new Medication Adherence Score which promises to do do for health care what FICO credit scoring has done for the finance industry. FICO have developed the algorithm to examine factors which include the length of employment and vehicle ownership and decide the statistical likelihood of the patient following doctors orders.
It has also been suggested that doctors would be able to use the scoring system to pinpoint which patients will require more aggressive follow up because they are likely to neglect their treatment or forget to take medication.
Tags: New, New Medical
Do you find that $20 bill in your pocket evaporating faster than ever, and your paychecks taking you shorter and shorter distances? Its no hallucination. Theres a shift going on. Its a shift helping ensure the comfortable middle-class lifestyles our parents enjoyed become as obsolete as an eight-track tape player.
Costs once borne by better-heeled folks are increasingly bearing down on the fragile shoulders of American taxpayers. Expenses, burdens, commitments, and responsibilities once assumed by employers are now the obligation of the American wage earner. In short, if you look around, youll find things are being shifted. And the more theyre shifted, the more likely you are to be shafted.
Try this: Go to any search engine and type in the phrase costs shifted to taxpayers. Next, tweak that line and make it costs shifted to employees.
Youll find article after article bearing the same essential story line.
Tags: Shift, Shift Shaft
Just a quick observation today, elicited by a question: what has been a consistent source of growth since the recovery began? 
It’s export growth. The question is whether that will continue, as European growth gets marked down (and indeed the rest of the world as well, although not as markedly).
(Note that the 2011Q3 figure is an advance one; the contribution of the trade components is estimated on the basis of only two months out of the quarter.)
Tags: Recovery
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