Proposition 79 would use the purchasing power of the State of
California to negotiate the best price for up to ten million
Californians, who now pay more than anybody else in the world
for prescription drugs.
* Prop. 78 is completely voluntary for drug companies: they
are free to choose whether or not to offer discounts.
* Prop. 79 has an enforcement mechanism. If a drug company
refuses to provide discounts, the state can shift business away
from that company and buy more from other drug companies that
Above is from the so-called Better California campaign site for
Prop 79 *.
Klingian Question of the Day:
What is preventing buyers from comparison shopping
between drug companies, either now or under Prop 78 ?
Fetch headlines from Google News on a schedule, then rank
headlines by factors:
* appearance day and time,
* prominence on the google news page,
* number of appearances,
weighted to estimate referer traffic these links bring to their
Listed are the top scoring stories in recent time periods, followed
by a ranking of sources. More detailed reports are linked-to at the
bottom of each table.
Picks up on techs trends, not ASAP, but as they start crossing the
chasm. And summarizes them.
Also a fierce advocate for good customer service, with
emphasis on forthcoming non-deceitfulness over pampering.
And lefty local pantser.
Update 2006 Mar 01: Now on OnLamp.
* Any judicial ruling overturning a law is in wrong, that judges
can only decide what a law means not whether or not it is
Constitutional, so that any ruling overturning a previous ruling
that made new law is simply restoring order to the land. That
negating something doesn't bring anything else into existence.
* State legislatures and Congress are the only ones with the
authority to intepret the Constitution and that they also have the
power to change it whenever they choose, without having to resort
to a Constitutional amedment.
Previously on lancemannion: Orson Scott Card.
Daily Howler chronicles the errors and omissions of beat reporters.
It should run as as series of footnotes below the broad pages of
the main stream media, as law review footnotes run below the
simplified article text, or better, as mash up with a Joel, Tom,
and Crow providing counter-commentary below the official
Credit Risk Models II: Structural Models
The structural approach for modelling credit risk considers both
the case of a single firm and the case with default dependences
In the single firm case, we review the Merton (1974) model and
first passage models, based on Black & Cox (1976), examining
their main characteristics and extensions. The issue of estimating
structural models is also addressed, covering the different ways
proposed in the literature.
The issue of estimating structural models is also addressed,
covering the different ways proposed in the literature.
Secondly, we model default dependences among firms, which account
for two types of default correlations: cyclical default correlation
and contagion effects. We close with a brief mention of factor models.
The paper guides readers throught the literature, providing a
comprehensive list of references and, along the way, suggesting
different possible extensions for its future development.
Abel Elizalde of CEMFI and Universidad Pública de Navarra
A must for high volume social networkers and consumers and producers
of information, and self-promoters. 2006 Feb 10-11, Vancouver.
What exactly is an “Information Architect” or “Information Architecture” ?
Explain it in 10 words or less. And then, take all the words you
need to explain the difference between an information architect and
a designer (not an artist, but a designer).
Joint regression analysis to study genotype-environmental interaction,
genotype effects and/or interaction effects within individual
environments are related to environmental effects.
The interaction sum of squares is divided into two parts:
* one part represents the heterogeneity of linear regression
* the second represents the pooled deviations from individual
As part of a long-term plan to improve traffic flow on I-680, the
Alameda County Congestion Management Agency has concluded that it is
feasible to convert of a section of the southbound carpool lane to a
Smart Carpool Lane or High Occupancy Toll (HOT) Lane.
Carpools would continue to use the lane for free while solo drivers
could use the lane for a fee that would vary depending on the level
of congestion in the Smart Lane. The fee is intended to make excess
capacity available to paying motorists while guaranteeing a
reasonable travel time for all users of the lane.
Voluntary Exchange is a small econ and public policy blog.
An Experiment in A New Kind of Music: WolframTones.
Program and diagram your own ringtones, and more, systematically.
Bill Testa covers the US Mid-West economy for the
Federal Reserve Bank of Chicago.
Where is the Mid-West ?
The greater ability of modern business leaders to keep at distance
from the actual criminal acts they induce may be a reflection of
what they have learned from the experience of their predecessors
in white-collar crime in the last century and a half. But it also
likely reflects the greater complexity of business, which has led
to separation of functions into sales, legal, accounting, and many
other specialized areas.