FDA Panel Says Yes to Home HIV Test

If marketed, the test would likely be sold in a similar manner to some cough medicines, according to a company spokesman. At checkout, the cashier would ask to see the purchaser’s ID to confirm he or she is at least 17.

via Medical News: FDA Panel Says Yes to Home HIV Test – in HIV/AIDS, HIV/AIDS from MedPage Today.

Might be time to review your application and exam question.

I’d take a hard look at my non-medical limits too.

Regression to the Mean, JP Morgan Edition

The performance of anyone doing anything will exhibit regression to the mean. If you do well at something, it’s because of some combination of skill and luck.

via Regression to the Mean, JPMorgan Edition | The Baseline Scenario.

I’ve been reading lots of press about the JP Morgan trading loss.  This article from The Baseline Scenario paints a different and most interesting perspective.

Intelligence Is Overrated: What You Really Need To Succeed – Forbes

Research carried out by the Carnegie Institute of Technology shows that 85 percent of your financial success is due to skills in “human engineering,” your personality and ability to communicate, negotiate, and lead. Shockingly, only 15 percent is due to technical knowledge. Additionally, Nobel Prize winning Israeli-American psychologist, Daniel Kahneman, found that people would rather do business with a person they like and trust rather than someone they don’t, even if the likeable person is offering a lower quality product or service at a higher price.

via Intelligence Is Overrated: What You Really Need To Succeed – Forbes.

An Inadvertent Error

CEO Says Sorry to Yahoos for Borked Bio “Distraction” – Kara Swisher – News – AllThingsD.

Yahoos:

I wanted to share some additional thoughts with you related to the disclosure of my academic credentials.

As I told you on Friday, the board is reviewing the issue and I will provide whatever they need from me. In the meantime, I want you to know how deeply I regret how this issue has affected the company and all of you. We have all been working very hard to move the company forward, and this has had the opposite effect. For that, I take full responsibility, and I want to apologize to you.

In my note Friday, I said I would be focused on continuing to do what needs to get done. That’s because I feel I owe it to all of you to make sure that nothing disrupts the progress we’ve made in just a few short months due to all of your focus, commitment, and hard work. As you’ve heard me say many times, we have a tremendous business with incredible assets, and we can win by putting our customers first. The progress I shared with you in the first quarter should make clear that we intend to move fast and deliver on the potential of the business for our customers, shareholders, and all of you.

I know the board plans to conduct the review thoroughly and independently, and I respect that process. I am hopeful that this matter will be concluded promptly. But, in the meantime, we have a lot of work to do. We need to continue to act as one team to fulfill the potential of this great company and keep moving forward. You have my word that all my energy and attention will be on that mission.

Scott

How about a little truth here?  The CEO of Yahoo lies about his academic credentials and the company called it “an inadvertent error”.

American Family Information Services – 87 Layoffs – Insurance Networking News

The company has reduced its total workforce by 730 positions, or almost 10 percent, over the past four years, mainly by attrition.

via American Family Information Services Department Incurs 87 Layoffs – Insurance Networking News.

Short articles like this make me wonder what’s really happening.  We don’t know the total number of staff in the company’s IT department so we cannot know what percentage of the entire staff was affected.  So I went online and found the following:

The cut positions included 85 people based at the company headquarters at 6000 American Parkway and its other Madison location, off Milwaukee Street, plus two people outside Madison. There are 850 people remaining in the company’s information services division, making the job reductions equal to about a 10 percent cut there.

So now we know the IT department was 937 before the layoffs.  Hmmm….

Opportunities EVERYWHERE

Exchange of Services and Adding New Business Lines: I have a good friend who is a young MD type doctor. He was loaded down with student loans and he operates his own office in Encino, CA, a fairly wealthy area. It costs him $225 per hour to keep his office doors open. He had to do hospital rounds at night to survive. Radio time is now going begging. So, I worked a deal for him with a local radio station. He gets advertising air time and even has his own medical “show” on that station. He is also now the personal doctor for the station owner and the few employees. This was an exchange of services. I did not charge for putting this deal together but it lead to a new business line for him that I proposed and share in that revenue. He is located in a wealthy area. There are a lot of wealthy older people in the area who do not like going to see the doctor but from time to time, need medical help and attention. So we set up a medical concierge service that also gets advertised on that radio station. We make house calls and the fee is not cheap. We now have eight doctors on call and business is brisk.

via Opportunities EVERYWHERE Market Sniper – Slope Of Hope with Tim Knight.

The example above is one of the real life money making opportunities highlighted in the article.  Go read the rest.  This is tremendous food for thought.

I started to think about my own business after reading the article.  A while ago I recognized my opportunities were similar to the ones described by Knight.  began to understand that I had started working at the intersection of disciplines.  Underwriting and law.  Auditing and underwriting.  Technology and underwriting.

Can you take your expertise to the intersections of disciplines to meet unmet needs?

HT – Michael Panzner at Financial Armageddon