London Bridge: Commuters face seven-month closure

first_img TfL said: “Roads on both approaches to London Bridge will be extremely busy especially between 6am and 9am and 4pm and 7pm – retime your journey if possible.” Cyclists will be able to use London Bridge throughout this period, however there will only be one lane open in each direction. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funnybonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comMisterStoryWoman files for divorce after seeing this photoMisterStoryzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyDefinitionThe Funniest Yard Signs EVER WrittenDefinitionJournalistateTeacher Wears Dress Everyday, Mom Sets Up CamJournalistateBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach Raider It was subsequently replaced by several medieval bridges, before “Old London Bridge” was built in 1209, lasting more than 600 years. The City of London Corporation announced today that the bridge will be closed from March 16 to October for the “vital works”. (Getty Images) whatsapp London Bridge will be closed to all road traffic except buses, taxis and cyclists for seven months during repair works. The current iteration of the bridge was built in 1973 and is one in a long line of historical river crossings to span the Thames from the City of London to Southwark. Thursday 20 February 2020 11:14 am The first bridge was built in 55 AD during the Roman occupation of Britain. Works will begin on the western side in March, restricting pedestrian access to the pavement on this side. The western side will then be out of action from May to October. Pedestrians will still be allowed to cross the bridge, however the local authority expects walking routes will “be much busier than usual”. The City of London Corporation announced today that the bridge will be closed from March 16 to October for the “vital works”. (Getty Images) Also Read: London Bridge: Commuters face seven-month closure center_img Stefan Boscia The City of London Corporation announced today that the bridge will be closed from March 16 to October for the “vital works”. (Getty Images) Also Read: London Bridge: Commuters face seven-month closure In a statement, the Corporation said: “The vital work will replace the original protective waterproofing layer below the roading surfacing, along with 24 bearings, and will ensure the bridge will remain operational for years to come.” Transport for London (TfL) has released travel advice on the closures, saying that it expects Tower Bridge and Blackfriars Bridge to be “extremely busy” during the maintenance works. Sign up to City A.M.’s Midday Update newsletter, delivered to your inbox every lunchtime It was re-built during the Victorian period due to weight bearing concerns, with the new bridge built in 1831. The City of London Corporation announced today that the bridge will be closed from 16 March to October for the “vital works”. Share whatsapp London Bridge: Commuters face seven-month closure More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comKansas coach fired for using N-word toward Black playerthegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comConnecticut man dies after crashing Harley into live bearnypost.com Show Comments ▼last_img read more

City Moves for 21 September 2015 | Who’s switching jobs

first_imgSunday 20 September 2015 11:40 pm Share Express KCS whatsapp City Moves for 21 September 2015 | Who’s switching jobs Show Comments ▼ LEGAL & GENERAL PROPERTYStephen Murden has been appointed residential development manager in Legal & General Investment Management’s real assets division. He joins from CBRE, where he was director of development and project management. Murden has 15 years’ experience in the sector.ICBC STANDARD BANKRaj Kumar has been appointed head of precious metals business development at the bank. He joins from Deutsche Bank, where he was most recently managing director in precious metals, and has also worked as global chief operating officer of commodities, head of precious metals clearing and vaulting, and global head of precious metals sales and physical trading.DWF The law firm has announced the appointment of John Benjamin as partner in its corporate team. He previously worked at White & Case, where he was counsel. Benjamin advises on intellectual property, technology, privacy and freedom of information matters.PENSION INSURANCE CORPORATIONThe specialist insurer of defined benefit pension funds has announced the appointment of Roger Marshall as a non-executive director and chair of its Audit Committee. He spent almost 40 years at PwC, where he was latterly lead partner for major FTSE 100 companies. Marshall has served as a non-executive director at the Financial Reporting Council and Old Mutual.GUNNERCOOKEThe law firm has announced six appointments. Michelle Wilkinson joins as banking partner from Clifford Chance. Tejinder Mahil joins as a commercial and corporate partner. He has held roles at DLA Piper, Winston & Strawn and Locke Lord. David Herbert joins as a partner in London from Harney, Westwood & Riegels, where he was head of litigation. Michael O’Maoileoin also joins in London as a litigation and dispute resolution partner. Angelique Watkins joins as commercial legal counsel and Clare Jones joins as litigation legal counsel.REWARD GATEWAYThe enterprise employee engagement software provider has appointed Debra Corey as group reward director. She has 30 years’ experience in the sector, and has held senior reward roles at Gap, Honeywell, Quintiles, Merlin Entertainment Group and Page Group.To appear in City Moves please email your career updates and pictures to [email protected] up to receive the new City Moves morning update if you haven’t already. whatsapplast_img read more

Comment / Analysis: Deutsche Post DHL – staying optimistic for 2016, but caution advised

first_img It has not been the greatest of years for Deutsche Post DHL shareholders – the value of their holdings is down 5% so far in 2015. Still, there’s hope that things will get better in 2016, at least according to management.My advice would be for them to adopt cautious optimism, however.From last week’s quarterly update, the German mail and logistics company clearly has a lot of work to do across most of its divisions if it is ever to meet its ambitious guidance for core operating earnings.Aside from one-off charges, what concerns me a bit is the effect that a mix of negative elements could have on its performance next year and beyond, namely: declining cash flows; rising net debt; and higher investment. CapexOne year ago, when I argued DP DHL stock looked a lot like an overpriced bond, and traded around its current level, I said higher operating profitability would be difficult to achieve.It has now become a mission that has to be accomplished. Is a bounce in profits on the cards?Cash and cash equivalents declined from €2.9bn on December 31 2014 to €2bn on September 30 2015, while net debt doubled to almost €3bn in nine months, which comes at a time when free cash flow is down 90% to only €19m in the first nine months of 2015. Net leverage remains manageable, but all these elements suggest that the group has little room for error, also in the light of higher capital investment than in the past. The top-line was essentially flat, but the pain was really felt at operating level, where a few charges contributed to a drop in core operating earnings. As it announced on October 28, the group booked a one-off charge of €345m related to its ill-fated New Forwarding Environment (NFE) IT project, yet the board also identified further “potential one-off effects of around €200m, €81m of which was already recognised in the third quarter”.Managing impairment risk is important, and short-term pain for long-term gain is the name of the game, according to chief executive Frank Appel. However, one-off charges are increasingly recurrent in this market and they could draw the attention of credit rating agencies, which is not ideal because DP DHL’s cash flow is falling on the back of higher investment, and its credit rating is safe, but is only a couple of notches above junk.Moody’s and Fitch rate it “A3” and “BBB+”, respectively, with a stable outlook.Cash flowsWith regard to one-off charges, the sooner they show in the income statement, the better – it is that simple. And Mr Appel is doing all he possibly can in order to manage expectations and deliver long-term value.“We are taking these measures to underpin our earnings guidance for 2016 and 2020,” he noted last week.On the face of it, things are not great, but it doesn’t look like Mr Appel is kicking the can down the road. Rather, these accounting adjustments are necessary when certain projects, particularly NFE, fail so miserably.The Ebit line after charges fell from €1bn to €294m in the nine months of 2015, and was down to €186m from €321m in the third quarter. Excluding one-off items, Ebit would have been below 2014 levels, which is another warning sign for me.Although not unexpected, its poor performance in the third quarter determined a plunge in earnings per share. Economic profit tells only a part of the story however, and at times can be dismissed, but it cannot have passed unnoticed that the large NFE €345m charge represents over 30% of the dividend payment that DP DHL made to its shareholders over the first nine months of the year.Cash flows are not affected by one-off charges, yet shareholders could have done without them, and could be worried now that the payout ratio may become less sustainable if DP DHL doesn’t deliver higher Ebit into 2016. All this becomes more important because dividend risk is not priced into its shares, in my view.“You look at what Appel has done over the years you are not going to say he failed,” one institutional investor recently told me. “But it’s a very critical moment, although he’ll pull it off.”I am not surprised that management still has the backing of key shareholders, and with the German government holding a 21% stake in the company, there should be little to fear.However, at €1.1bn in the “first nine months of 2015, net cash from operating activities was down €244m on the previous year,” DP DHL also said in its the most recent results, which means a 17% drop on a comparable basis – and operating cash flow fell 25% to €1.5bn before changes in working capital are considered. EbitConsolidated Ebit, a key measure of performance, is expected to come in between €3.4bn and €3.7bn in 2016, which is at least €1bn more than the Ebit that the group will likely report in 2015.DP DHL has defined 2015 as a year of transition, during which revenue rose €423m to €14.4bn in the third quarter, driven “to a significant extent by positive currency effects, which increased this item by €498m”, it noted.The financial markets expect higher interest rates from the Federal Reserve in December, and I remain relatively bullish on the dollar, so DP DHL will likely continue to be favoured by its strength.However, there are some details that are disturbing when it comes to determining its underlying sales performance. Firstly, excluding currency adjustments, quarterly revenue actually declined by €75m in the third quarter, due to lower fuel surcharges, among other things.Revenues by region By Alessandro Pasetti 16/11/2015 Operating cash flow by division, first nine months of 2015last_img read more

Killer snails and assassin bugs: secrets of the world’s deadliest creatures

first_imgThe list sparked controversy because, technically, it’s not the mosquito — or the freshwater snail, or the tsetse fly, or the dog — that kills. It’s the viruses and parasites these critters transmit. Judge the human species by the same standard and we would be far and away the most lethal creature on the planet, because we transmit deadly diseases such as HIV and tuberculosis to one another, as Jonathan Eisen, a biologist at the University of California, Davis, noted in a blog post.Point well taken.advertisement @ericboodman By Eric Boodman April 4, 2016 Reprints Another important point: Most of these killers disproportionately affect poor people in the developing world. Not only do they often live in close contact with flies, mosquitoes, and water-dwelling worm larvae; it’s also harder for them to get proper medical care.All that said, we at STAT were curious about how, exactly, the creatures on Gates’s list do us in. So, taking Gates’s numbers at face value, here’s the science behind the scary statistics.MosquitoesDeath toll: 725,000 people a yearWhen a mosquito sticks its proboscis into your skin, the tip wiggles around, looking for a blood vessel. Once it hits a jackpot, the bug injects its saliva to prevent the blood from clotting. But the saliva can contain stowaways — and they’re the ones actually doing the killing. Most often, deaths occur because of Plasmodium, the genus of parasites that cause malaria, which reproduces first in your liver and then on your red blood cells. Deadly viruses like dengue, chikungunya, and yellow fever are also masters at hitching rides with mosquitoes.HumansDeath toll: 475,000 people a yearTurns out we’re perfectly good at doing other humans in, even without help from lions. Or mosquitoes. Most evolutionary psychologists see our murderous leanings as a natural outgrowth of the aggression that helped our ancestors stay alive and protect their offspring, even if killing wasn’t the ultimate goal. But a few researchers argue that natural selection perpetuated or even honed our capacity to kill, since it may have been evolutionarily beneficial to murder in specific situations.SnakesDeath toll: 50,000 people a yearDoctors Without Borders calls the fallout from snakebites “one of the world’s most neglected public health emergencies.” The incidents often take place in rural areas, making it hard to reach medical care before the venom causes irrevocable damage by attacking your central nervous system, shriveling your tissues, or causing you to bleed profusely. The wide variety of snakes, and symptoms, makes it hard to develop an effective treatment. Still, one enzyme called sPLA2 may be prove an effective drug target — and there’s already a biotech company trying it out.DogsDeath toll: 25,000 people a yearMan’s best friend is also one of our worst enemies. Your pooch’s saliva can contain the virus responsible for rabies; if it does, the virus will travel up the dog’s nerves and into its brain, making it unusually aggressive and more likely to bite. Oh, and it will also become terrified of water and unable to swallow properly. Undiluted saliva means more virus present in every last drop. Just when you thought it was safe to pet your poodle …Tsetse fliesDeath toll: 10,000 people a yearThis large brown fly often has an unseen passenger in its gut and its saliva: an immature single-cell parasite called Trypanosoma brucei. A bite from the fly will inject this parasite into your body. As soon as it’s in, the single cell lengthens out — picture a leech becoming long and graceful to swim — and can burrow into your tissues and your central nervous system, causing sleeping sickness.Assassin bugsDeath toll: 10,000 people a yearThis is a particularly nasty one. The assassin bug sits on your face, drinking your blood —and it has no qualms about defecating at the dinner table. The bite itches, so you scratch it — and in doing so, you brush those tiny feces into your mouth, eyes, or the broken skin from the bug bite. That’s bad news because the feces contains parasite called Trypanosoma cruzi, which can wreak havoc by causing Chagas disease, sometimes causing your heart or intestines to swell up. Assassin bugs are widespread in Central and South America, and are present in the southern United States, but tend to afflict mostly those who can’t afford screens and secure roofing to keep out unwanted pests.Freshwater snailsDeath toll: 10,000 people a yearSnails might seem pretty harmless. But they harbor a particular type of worms that are released into bodies of water as larvae. Step into the water to bathe or wash your clothes, and those larvae can penetrate your skin by degrading its proteins. They won’t leave a wound. But they will leave you with a terrible illness called bilharzia or schistosomiasis.Correction: An earlier version of this story misstated the dates for the Gates and Eisen blog posts. HealthKiller snails and assassin bugs: secrets of the world’s deadliest creatures About the Author Reprints Hyacinth Empinado/STATcenter_img Eric Boodman General Assignment Reporter Eric focuses on narrative features, exploring the startling ways that science and medicine affect people’s lives. The world’s deadliest animal doesn’t have fangs or bone-crushing coils. It doesn’t even have teeth. But it can inject parasites and viruses straight into your bloodstream.What is this killing machine? None other than the humble mosquito.That, at least, is what Bill Gates wrote when he put out a list of the world’s most deadly creatures.advertisement [email protected] Tags mosquitoesparasitessnakebitelast_img read more

New approach to breast cancer screening — tailoring guidelines for each patient — may save lives and money, study says

first_img Too much screening has misled us about real cancer risk factors, experts say Please enter a valid email address. HealthNew approach to breast cancer screening — tailoring guidelines for each patient — may save lives and money, study says Newsletters Sign up for Cancer Briefing A weekly look at the latest in cancer research, treatment, and patient care. While the harms are real, so are the benefits: Early detection can save lives. The two guidelines — both from trusted sources — reflect a difference in how the two organizations weigh the benefits and harms associated with screening. But the new study proposes a screening strategy that considers each woman’s individual risk.The researchers ran computer simulations on a hypothetical cohort of over 360,000 women to test the efficacy and costs of risk-stratified screening. They took data from the National Health Services Breast Screening Program in the U.K. to model outcomes.The team, led by Dr. Nora Pashayan, a physician and public health researcher at the University College London, compared three interventions: no screening, age-based screening, and risk-stratified screening based on each woman’s genetic profile and her estimated susceptibility to developing breast cancer. They tested 100 definitions for low risk that determined when they decided not to screen their hypothetical patients. The theoretical patients below that threshold weren’t screened, and patients at or above it were screened according to U.K. guidelines.As fewer women were screened, both the number of overdiagnosed breast cancer decreased, as did the number of breast cancer deaths prevented by screening. Pashayan and her colleagues determined that to maximize the benefit-to-harm ratio, the 30 percent of women at the lowest risk do not need mammograms.The researchers also looked at cost-effectiveness on a population level to determine the financial impact of screening and overdiagnosing patients. They found a plateau where costs continued to rise, but the benefits leveled off.“If you go purely by cost-effectiveness, you would only screen the very high risk group,” or the top 30 percent, Pashayan said. Tags cancerdiagnosticspatients By Orly Nadell Farber July 5, 2018 Reprintscenter_img Leave this field empty if you’re human: Organizations like the U.S. Preventive Services Task Force and the American Cancer Society choose their ideal benefit-to-harm ratio when issuing guidelines. Since 2009, the U.S. Preventive Services Task Force — an independent panel of experts in disease prevention — has recommended that women get mammograms every two years beginning at age 50. The American Cancer Society recommends that women have annual mammograms from the age of 45 to 54, and then switch over to an every-two-year schedule.advertisement Preventive care experts have been divided for years on how to best counsel women on when to get breast cancer screenings. But a new study suggests that women might benefit from individualized approaches to mammograms rather than from universal guidelines.The study, published Thursday in JAMA Oncology, looks at personalized screening protocols tailored to each woman’s risk of developing breast cancer. The study showed that not offering mammograms to women at low risk for breast cancer might reduce the harms associated with screening, while still maintaining the benefits. And it might even be more cost-effective.Mammograms, the gold standard for breast cancer detection, come with the risk of false-positive results — that is, incorrectly identifying a cancer that isn’t really there. Or they might overdiagnose — lighting up for lumps and bumps that may never have become cancerous. That means some women undergo biopsies, surgery, chemotherapy, or radiation they may never have needed in the first place.advertisement A new study suggests women might benefit from individualized approaches to breast cancer screening. Rich Pedroncelli/AP Privacy Policy Related: Dr. Lydia Pace, the director of the Women’s Health Policy and Advocacy Program at Brigham and Women’s Hospital, said she approaches screening by examining the potential benefits and harms for each patient, like the study suggests.“I think that’s how most clinicians and most patients want to be making the decision,” Pace said.Part of that process is considering a patient’s preferences. Pace weighs a patient’s genetic profile, but also her personal fears and willingness to accept risk, when making a screening decision.Because the study is based on a hypothetical model of data in the U.K., the findings might not translate directly to the U.S. population. But that doesn’t mean its findings aren’t relevant to the U.S., Pace said. And it could reflect where screening protocols are headed: toward personalized care.last_img read more

What money? The CDC is urged to acknowledge industry funding

first_img Unlock this article — plus daily coverage and analysis of the pharma industry — by subscribing to STAT+. First 30 days free. GET STARTED [email protected] Several advocacy groups petitioned the Centers for Disease Control and Prevention to stop making claims that it does not accept commercial support or have financial relationships with drug makers and other companies that may benefit from agency research.In arguing their case, the groups contend that disclaimers appear in various CDC publications, even though the agency has actually accepted tens of millions of dollars of commercial support through the National Foundation for the Centers for Disease Control and Prevention. The nonprofit, which was created by Congress to generate private sector support for the agency’s work, was launched in 1995. Log In | Learn More By Ed Silverman Nov. 5, 2019 Reprints What is it? Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. What’s included? STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. What money? The CDC is urged to acknowledge industry funding center_img Ed Silverman GET STARTED David Goldman/AP Pharmalot Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. About the Author Reprints @Pharmalot Tags government agenciesSTAT+last_img read more

Discovery of racial bias in health care AI wins STAT Madness ‘Editors’ Pick’

first_imgLeave this field empty if you’re human: And that’s how the algorithm tripped up. Since whites’ spending is higher, the algorithm concluded — mistakenly — that many white patients were sicker than medically identical or sicker black patients. It automatically tagged patients in the top 3% of medical spending for the VIP care management program intended for patients with complex medical needs. But the algorithm couldn’t distinguish between a 60-year-old white American’s spending of thousands of dollars on a knee replacement to improve his tennis game and a 60-year-older black American’s spending of the same amount to keep diabetes from killing him.Result: White patients were much more likely to receive preferential access to the care management program even though, at the same amount of medical spending, black Americans had more chronic illnesses and significantly poorer health. They were the ones who should have gotten the extra attention.As Mullainathan, a computational and behavioral science researcher, told STAT last year, “we haven’t told algorithms yet to do things without racial bias. We haven’t learned yet that this is an objective that we have to build into it.”The algorithm was developed by the Optum unit of UnitedHealth Group, which sold it to academic medical centers and other hospitals. Before publishing their paper, the researchers emailed Optum (“Hey, you don’t know us, but …”). “They were incredibly responsive,” Obermeyer said. The company’s technical teams replicated the analysis in a larger, national dataset, confirming the racial bias and worked with the researchers to fix it.They found that using proxies other than health care spending — in particular, how many chronic conditions a patient has and physiological variables that predict when a chronic condition such as diabetes will flare up and require emergency care or hospitalization — identified patients who truly needed care management. That more than doubled the percentage of black patients identified for automatic enrollment.After hearing from insurers and providers wondering if their algorithms may also be racially biased, the researchers launched the project at the Booth school. They have been working with health care systems to analyze the potential for racial bias in algorithms already in use and those the systems are considering buying, and speaking to state attorneys general about the problem.“It’s rare, when you’re an academic, that your research helps people this directly and so quickly,” Obermeyer said. For that, we think his work deserves the Editors Pick. Related: The annual competition to identify the year’s top discoveries in biomedicine started with 128 entries from U.S. research institutions, including an improved CRISPR genome editing tool; a gene therapy for “bubble boy” disease, which leaves newborns with a nonfunctioning immune system; and the discovery of a gut microbe that underlies alcoholic liver disease. We selected 64 for an NCAA basketball tournament-style bracket, based on originality, scientific rigor, and potential impact. Readers voted for a winner in each pairing until, after six rounds and 699,315 votes, a new technology for seeing tiny ovarian tumors, developed by MIT’s Koch Institute for Integrative Cancer Research, bested a new treatment for damaged hearts from the Texas Heart Institute and Rice University. STAT staffers evaluated the 64 to come up with this Editors’ Pick. The researchers didn’t just publish their work and move on. Instead, they worked with the builders of the algorithm to fix it. And after hearing from insurers, hospitals, and others concerned that their algorithms, too, might be racially biased, they established an initiative at the Booth School to work pro bono with health systems and others to remedy that.The goal of algorithm examined by Obermeyer and Mullainathan was to identify patients most likely to benefit from care management programs, which devote additional resources to those with high medical need. Among other things, the programs give patients access to dedicated phone lines, home visits, and prompt doctor appointments; reconcile prescriptions; and assign a nurse to a patient with, say, diabetes and heart disease to help her avoid hospitalization by seeing her primary care doctor more frequently.“They’re like VIP programs,” Obermeyer said. “They get to know you and your medical problems.”The bias comes from how the algorithm’s developers decided to identify patients at high risk of worsening health: by health care spending. More spending, they assumed, meant worse health and therefore greater health care need. “That’s not unreasonable,” Obermeyer said. “Very sick people do generate high health care costs.”The problem is that white Americans spend more on health care than black Americans even when their health situations are identical. Whites, as a group, have more disposable income, more and better insurance, and greater access to medical providers; they therefore spend more on medications, doctor visits, preventive care, and elective surgeries. Ziad Obermeyer of the University of California, Berkeley Courtesy Ziad Obermeyer About the Author Reprints Although “garbage in, garbage out” has been a software truism for more than half a century, programmers can’t seem to avoid the first part — as researchers discovered when they investigated an algorithm widely used by hospitals to decide which patients get access to extra health care services. The artificial intelligence software equated health care spending with health, and it had a disturbing result: It routinely let healthier white patients into the programs ahead of black patients who were sicker and needed them more.It was one of the clearest demonstrations yet that some, and perhaps many, of the algorithms that guide the health care given to tens of millions of Americans unintentionally replicate the racial blind spots and even biases of their developers.This important research is the winner of the Editors’ Pick award in the 2020 STAT Madness contest. The work was led by Ziad Obermeyer of the University of California, Berkeley, and Sendhil Mullainathan of the University of Chicago’s Booth School of Business.advertisement It wasn’t an easy choice. But the research on racially biased algorithms rose to the top. In addition to being rigorous, important, and innovative, it exemplifies a growing challenge in health care and biomedicine: separating hype from reality in terms of what artificial intelligence can do, from discovering drugs to diagnosing patients.advertisement Health TechDiscovery of racial bias in health care AI wins STAT Madness ‘Editors’ Pick’ Newsletters Sign up for Daily Recap A roundup of STAT’s top stories of the day. By Sharon Begley April 6, 2020 Reprints Please enter a valid email address. Tags Artificial Intelligencehospitals Widely used algorithm for follow-up care in hospitals is racially biased, study finds Sharon Begley Senior Writer, Science and Discovery (1956-2021) Sharon covered science and discovery. [email protected] Privacy Policy @sxbegle last_img read more

Federal prosecutors allege Teva used charities to pay kickbacks to Medicare patients

first_img Ed Silverman Pharmalot About the Author Reprints [email protected] Log In | Learn More What’s included? Federal authorities alleged that Teva Pharmaceuticals (TEVA) donated hundreds of millions of dollars to a pair of foundations, but the payments were actually kickbacks to Medicare patients and designed to cover their out-of-pocket costs for a pricey medicine.In a lawsuit filed in federal court in Boston, the Department of Justice accused the drug maker of using the charities — the Chronic Disease Fund and The Assistance Fund — to ensure that, from 2006 through 2015, Medicare patients did not have to make a co-payment or deductible for the Copaxone multiple sclerosis drug. Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. What is it?center_img Federal prosecutors allege Teva used charities to pay kickbacks to Medicare patients GET STARTED By Ed Silverman Aug. 18, 2020 Reprints Unlock this article — plus daily coverage and analysis of the pharma industry — by subscribing to STAT+. First 30 days free. GET STARTED Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. @Pharmalot Tags drug pricinglegalSTAT+ Adobelast_img read more

Food Loans Can Act as Card for Discussion

first_img There are signs that North Korea is running into serious difficulties with its corn harvest SHARE North Korea tries to accelerate building of walls and fences along border with China News Food Loans Can Act as Card for Discussion By Mok Yong Jae – 2012.05.01 3:40pm AvatarMok Yong Jae RELATED ARTICLESMORE FROM AUTHORcenter_img News With just one month to go before North Korea is due to begin repaying food loans made to it between 2000 and 2007 by the governments of President Kim Dae Jung and Roh Moo Hyun, lawyer Han Myung Seob today suggested that, “Repayment of food loans should be linked to abductees, separated families and humanitarian issues and then negotiated with North Korea.”Han, speaking at a seminar held by the Institute for Peace Affairs, said, “South Korea should pass the ball to North Korea by giving notice of the repayment date and reimbursement. After watching North Korea’s response we should use this situation positively.”He continued, “North Korea’s will to repay the food loan back is the most important in this situation, but it is highly unlikely that North Korea will keenly pay it back. If North Korea remains in default on payment, South Korea will hold a card able to put pressure on the default.”“If South Korea, on the verge of the repayment date, notifies North Korea of it and requests payment then they will be able to link family reunions, abduction problems and other humanitarian issues to it,” he went on. Meanwhile, Cho Bong Hyun of IBK Institute of Economic Research said, “South Korea does not need to exempt, remit or extend the food loans. North Korea’s debt needs to be left so that South Korea can use it as a card to negotiate with in the future.”Cho pointed out, “When a period of time has passed and if North Korea still has economic problems, they are likely to come back to economic cooperation. At that time South Korea can utilize the debt as a means to resume talks.” From 2000 to 2007, the South Korean government extended loans of 2.4 million tons of rice and 200,000 tons of corn to North Korea. Even excluding interest, the value of the loans is approximately 8.2 billion won. News Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak Facebook Twitter Newslast_img read more

Rumors of impending visit by Chinese President Xi Jinping to North…

first_img SHARE News NewsEconomy Facebook Twitter Rumors of impending visit by Chinese President Xi Jinping to North Korea North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) View of the Sino-Korean Friendship Bridge. Image; Daily NKThe Chinese authorities have instituted tough measures to crackdown on smuggling in Dandong, Liaoning Province, in what may be signs of preparations for an upcoming visit by Chinese President Xi Jinping to North Korea.“The number and severity of crackdowns on smugglers by the Chinese authorities have increased over the past several weeks, and ID checks are much more frequent,” said a Daily NK source in China on August 10. “In the past, the Chinese authorities generally turned a blind eye to smuggling, but recently they have been cracking down unconditionally on such activities.” The source further said that such crackdowns are generally associated with visits across the border by high-level officials from either China or North Korea. “Some people in Dandong think that the crackdowns are occurring because Xi Jinping is planning to visit North Korea for the September 9 holiday [commemorating the establishment of North Korea],” he explained.As reported by Daily NK, when Kim Jong Un visited China discreetly in March, the Chinese authorities rapidly installed barriers to obscure views of Dandong Station, while security in and around the Amnok River Bridge increased considerably.Crackdowns on smuggling over the Sino-DPRK border on the shores of the Amnok River have reached unprecedented levels, said the source. “When North Korean smugglers cross the river over to Dandong by boat, Chinese police turn on their sirens and the smugglers flee. Smuggling isn’t very profitable these days [because of the crackdowns],” he continued.Moreover, in a recent incident, Chinese police allegedly boarded a Chinese smuggling boat and impounded it. The border guards mounted their operation after the boat reached the Chinese side of the river and was unloading, after exchanging goods with a North Korean ship near the mouth of the Yalu River, a separate source in China close to North Korean affairs told Daily NK.As crackdowns increase along the border region, rumors of an impending visit by Premier Xi Jinping to Pyongyang are rapidly spreading.The additional source also noted that high-level Chinese officials in Dandong have called Xi’s visit to North Korea “an established fact” and that there is a possibility the Premier will cross over into North Korea via Dandong. The South Korean government is keeping a close eye on developments as the September 9 events approach. News center_img By Ha Yoon Ah – 2018.08.14 5:41pm AvatarHa Yoon AhHa Yoon Ah is one of Daily NK’s full-time journalists. Please direct any questions about her articles to [email protected] US dollar and Chinese reminbi plummet against North Korean won once again News RELATED ARTICLESMORE FROM AUTHOR Proposal to shift “general markets” to “specialized markets” finds little support among N. Korean leaderslast_img read more