Medical school students across the country have learned where their first phase of medical practice,or residencies,will occur.At 9 a.m. on March 17,the anxious seniors received their letters of acceptance with tears and cheers.The National Residency Matching Program matches these applicants with positions.This year,there were 16,554 applicants for more than 26,000 positions.
Among the applicants were students from USC's Keck School of Medicine.Several of them expressed satisfaction with their matches and the hands-on training they had received at Keck.As one student put it,she was a doctor from day one at Keck.Of the 163 Keck students who participated in the NRMP,116 will spend at least part of their residencies in California.Fifty of those will serve the underpriveleged at LAC+USC Medical Center,a public hospital that is the largest provider of health care in Los Angeles County.
The most popular residency among Keck students was internal medicine(29),which is encouraging,given the national shortage of primary care physicians.Other favored specialties were emergency medicine,psychiatry and pediatrics.
Residency occurs after internship and the granting of the MD degree.It is then that persons are called doctors,practicing in clinical settings under the supervision of experienced physicians in their chosen field.In the UK,residents are known as registrars.
It is a day of joyous emotion for the seniors as they see their careers unfold after many and costly years of preparation.
Thursday, March 31, 2011
Monday, March 28, 2011
Google's Size Problem
Google is the largest of the large,which makes trouble for the tech titan.You will have competitors complaining about Google,points out Harry First,Professor of Law at New York University and former head of the New York state anti-trust bureau.There is always the fear they're doing that to thwart a better competitor.This clearly is a concern for Google.
Google does have some monopoly power.You can build a successful business and continue to build it as long as you do it properly.They just can't exclude competitors.
Ohio,Wisconsin and Texas are questioning Google.States may take Google to court.These states try to incentivize the federal government to do so as well.
Google is a very aggressive company.Clearly it's in the hot seat all over the world.They reach out and try to explain what they're doing,Professor First noted.
Google's attorneys have been busy in Europe,trying to fend off accusations by Microsoft and others that they have an unfair lead in search advertising.If the accusations get to a formal investigative stage,it may be difficult to stop the case,since the authorities then have a vested interest in achieving something with it,justifying the expense of the investigation.
Google(GOOG),Microsoft(MSFT)
Google does have some monopoly power.You can build a successful business and continue to build it as long as you do it properly.They just can't exclude competitors.
Ohio,Wisconsin and Texas are questioning Google.States may take Google to court.These states try to incentivize the federal government to do so as well.
Google is a very aggressive company.Clearly it's in the hot seat all over the world.They reach out and try to explain what they're doing,Professor First noted.
Google's attorneys have been busy in Europe,trying to fend off accusations by Microsoft and others that they have an unfair lead in search advertising.If the accusations get to a formal investigative stage,it may be difficult to stop the case,since the authorities then have a vested interest in achieving something with it,justifying the expense of the investigation.
Google(GOOG),Microsoft(MSFT)
Sunday, March 27, 2011
Bill Richardson:Nuclear is Positive
Former Energy Secretary and New Mexico governor Bill Richardson continues to believe in nuclear energy as part of the power mix.Nuclear provides 20% of our power today,Mr.Richardson said.This is a time for debate about our nuclear plans.We have to assure the public about our nuclear plants.
Nuclear is positive because it doesn't cause greenhouse gas emissions.We have to show the public that it's safe with evacuation plans.The Diablo Canyon plant in California is safe up to an 8.9 earthquake.The reality is,security has dramatically improved and there have been no U.S. incidents since Three Mile Island.
The public and Congress are gonna have to back this.Five more nuclear reactors are slated to be built in the next 10 years,Bill Richardson pointed out.
A recent poll showed the American public evenly split about building more nuclear power plants.President Barack Obama has reaffirmed his support for the projects.
On March 28,1979,a partial core meltdown occurred at Unit 2 at the Three Mile Island nuclear plant near Harrisburg,Pennsylvania.It was the worst accident in the history of U.S. commercial nuclear power.The plant is in operation to this day.
Nuclear is positive because it doesn't cause greenhouse gas emissions.We have to show the public that it's safe with evacuation plans.The Diablo Canyon plant in California is safe up to an 8.9 earthquake.The reality is,security has dramatically improved and there have been no U.S. incidents since Three Mile Island.
The public and Congress are gonna have to back this.Five more nuclear reactors are slated to be built in the next 10 years,Bill Richardson pointed out.
A recent poll showed the American public evenly split about building more nuclear power plants.President Barack Obama has reaffirmed his support for the projects.
On March 28,1979,a partial core meltdown occurred at Unit 2 at the Three Mile Island nuclear plant near Harrisburg,Pennsylvania.It was the worst accident in the history of U.S. commercial nuclear power.The plant is in operation to this day.
Asia This Day
Asian stocks were mixed Monday morning,with the Japanese Nikkei down 31.07 and the Australian ASX dropping 5.40,while China showed some strength as both the Hong Kong and Shanghai indexes were up modestly.
In Japan,repair work on the Fukushima reactors is still delayed because of a radioactive water leak;it can't resume until the leak is fixed,an official said.Two workers have substantial skin contamination from standing in the water.
Power shortages continue in Japan,and automakers there may cooperate,staggering production schedules to deal with the shortfall.
Sinopec,the Chinese oil and petrochemical major,reported its 2010 earnings.It posted record earnings,with net income up 14% for 2010 and 31% for Q4.Sinopec will now cut costs and expand overseas activity and investments.
Other Chinese energy firms exceeded Sinopec's results,with Cnooc reporting profits up 85% and Petrochina's 35% higher.They are less exposed to crude oil price hikes than Sinopec,which is more heavily into refining and hence restricted by government price controls on fuel.
Sinopec(SNP),Cnooc(CEO),Petrochina(PTR)
Update:Hong Kong shares later took a tumble,falling 0.72%.Only Shanghai remained in the green.
In Japan,repair work on the Fukushima reactors is still delayed because of a radioactive water leak;it can't resume until the leak is fixed,an official said.Two workers have substantial skin contamination from standing in the water.
Power shortages continue in Japan,and automakers there may cooperate,staggering production schedules to deal with the shortfall.
Sinopec,the Chinese oil and petrochemical major,reported its 2010 earnings.It posted record earnings,with net income up 14% for 2010 and 31% for Q4.Sinopec will now cut costs and expand overseas activity and investments.
Other Chinese energy firms exceeded Sinopec's results,with Cnooc reporting profits up 85% and Petrochina's 35% higher.They are less exposed to crude oil price hikes than Sinopec,which is more heavily into refining and hence restricted by government price controls on fuel.
Sinopec(SNP),Cnooc(CEO),Petrochina(PTR)
Update:Hong Kong shares later took a tumble,falling 0.72%.Only Shanghai remained in the green.
Thursday, March 24, 2011
Elizabeth Taylor,Storied Actress and Entrepreneur
Elizabeth Taylor was laid to rest Thursday in a private family service at Forest Lawn Cemetery in Los Angeles,where her good friend Michael Jackson was interred two years ago.Dame Elizabeth,given the honorific title Dame Commander,Order of the British Empire,by Queen Elizabeth II in 2000,died Wednesday of congestive heart failure,attended by her four children at Cedars-Sinai Medical Center.She was 79.
The British-born actress and businesswoman was a longtime resident of The Golden State and was inducted into the California Hall of Fame in 2007.Fans left flowers and photos on her star in the Hollywood Walk of Fame to mark her passing.The magnitude of her celebrity was matched only by her resolve to meet the health challenges that confronted her.
Two years ago,Dame Elizabeth underwent heart valve surgery.Heart valve disease often results in congestive heart failure.
Today,early surgery is more and more recommended for heart valve patients to prevent this progression and other conditions that damaged valves lead to,such as atrial fibrillation.The old way was to postpone surgery until patients became very ill,but recent research shows that does not lead to the best outcome.
Heart valve disease has nothing to do with cholesterol levels and clogged arteries.Any of a number of other factors may be involved,from birth defects to simply the aging process.Narrowing or floppy valves put stress on the heart,often with fatal consequences.The preference is to repair the valves,but replacement with animal or artificial valves may be necessary.
Dame Elizabeth was renowned in her later years for her jewelry designs,The Elizabeth Collection,as well as her perfumes,including White Diamonds,which alone has earned an estimated one billion dollars.She was also a leading AIDS activist and philanthropist.
In addition to her sons and daughters,Dame Elizabeth is survived by her brother,Howard,as well as several grandchildren and great grandchildren.Also interred at Forest Lawn are Clark Gable,Jean Harlow and Walt Disney.
The British-born actress and businesswoman was a longtime resident of The Golden State and was inducted into the California Hall of Fame in 2007.Fans left flowers and photos on her star in the Hollywood Walk of Fame to mark her passing.The magnitude of her celebrity was matched only by her resolve to meet the health challenges that confronted her.
Two years ago,Dame Elizabeth underwent heart valve surgery.Heart valve disease often results in congestive heart failure.
Today,early surgery is more and more recommended for heart valve patients to prevent this progression and other conditions that damaged valves lead to,such as atrial fibrillation.The old way was to postpone surgery until patients became very ill,but recent research shows that does not lead to the best outcome.
Heart valve disease has nothing to do with cholesterol levels and clogged arteries.Any of a number of other factors may be involved,from birth defects to simply the aging process.Narrowing or floppy valves put stress on the heart,often with fatal consequences.The preference is to repair the valves,but replacement with animal or artificial valves may be necessary.
Dame Elizabeth was renowned in her later years for her jewelry designs,The Elizabeth Collection,as well as her perfumes,including White Diamonds,which alone has earned an estimated one billion dollars.She was also a leading AIDS activist and philanthropist.
In addition to her sons and daughters,Dame Elizabeth is survived by her brother,Howard,as well as several grandchildren and great grandchildren.Also interred at Forest Lawn are Clark Gable,Jean Harlow and Walt Disney.
Monday, March 21, 2011
Residential Real Estate Today:What Americans Think About Owning a Home
Thomas J. Wilson,Allstate CEO,has been reviewing results of a new Allstate/National Journal homeownership survey.It shows that:
1.Given all the turmoil in real estate and the decline in housing prices,how strongly home ownership is still part of the American Dream and
2.How little people understand the federal contribution to their owning a home from Fannie Mae and Freddie Mac.
The survey shows that the underlying demand for houses hasn't changed.70% of respondents would recommend buying a house.63% believe the current housing crisis is temporary.59% believe they are living the American Dream.
I think there will be continued demand for houses despite the decline in home values.Americans still believe it's a good investment.
I think you'll continue to see foreclosures.It'll take a while to work through 23 months of supply in the marketplace,Mr.Wilson feels.
Mr.Wilson is also Vice-Chairman of the Federal Reserve Bank of Chicago.
Allstate(ALL)
1.Given all the turmoil in real estate and the decline in housing prices,how strongly home ownership is still part of the American Dream and
2.How little people understand the federal contribution to their owning a home from Fannie Mae and Freddie Mac.
The survey shows that the underlying demand for houses hasn't changed.70% of respondents would recommend buying a house.63% believe the current housing crisis is temporary.59% believe they are living the American Dream.
I think there will be continued demand for houses despite the decline in home values.Americans still believe it's a good investment.
I think you'll continue to see foreclosures.It'll take a while to work through 23 months of supply in the marketplace,Mr.Wilson feels.
Mr.Wilson is also Vice-Chairman of the Federal Reserve Bank of Chicago.
Allstate(ALL)
Sunday, March 20, 2011
Oppenheimer Strategist Optimistic About Market
Brian Belski,chief market strategist at Oppenheimer&Co.,says the market overreacted to the Japan events.You have to look back at the Kobe earthquake in 1995.It is positive that the G-7 industrialized nations have intervened to support Japan.
This crisis has not altered our viewpoint.Single digits are still a good way to look at it.This is more of a transition year,a lot more volatile than portfolios are prepared for.
Look at mid-cycle areas that are more domestic-oriented,large-cap high quality companies,more toward domestic industrials that will profit from the problems in Japan.
We are on the precipice of a long term bull market,Mr.Belski believes.
Oppenheimer&Co.,Inc.,a division of Oppenheimer Holdings,is a leading investment bank and full service investment firm.For more than 125 years,they have assisted high net worth investors,businesses and institutions.
Oppenheimer Holdings(OPY)
This crisis has not altered our viewpoint.Single digits are still a good way to look at it.This is more of a transition year,a lot more volatile than portfolios are prepared for.
Look at mid-cycle areas that are more domestic-oriented,large-cap high quality companies,more toward domestic industrials that will profit from the problems in Japan.
We are on the precipice of a long term bull market,Mr.Belski believes.
Oppenheimer&Co.,Inc.,a division of Oppenheimer Holdings,is a leading investment bank and full service investment firm.For more than 125 years,they have assisted high net worth investors,businesses and institutions.
Oppenheimer Holdings(OPY)
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