Powell sets Fed's course with data-based judgementThe Saigon Times Daily Federal Reserve Chairman Jerome Powell testifies before a House Financial Services Committee hearing on the “Semiannual Monetary Policy Report to Congress," at the Rayburn House Office Building in Washington, U.S., July 18, 2018 – PHOTO: REUTERS JACKSON HOLE (REUTERS) - Federal Reserve Chair Jerome Powell has begun putting his stamp on the U.S. central bank as someone who will rely more on data-informed judgement and less on some of the models and theoretical values that have shaped the Fed’s course in recent years but that Powell has said can be false guides. In doing so he may be laying the groundwork for a longer-than-expected rate-increase cycle, as discussion intensifies among policymakers about what level of borrowing costs is appropriate in an economy that is nearly back to full health. In addition, the full stimulative effects of President Donald Trump’s tax cuts and … [Read more...] about Powell sets Fed’s course with data-based judgement
Does s health use data
It is widely accepted that obesity leads to an increased risk of health complications, but new studies quoted by media Tuesday challenge the conventional notion. "Our studies challenge the idea that all obese individuals need to lose weight," said Dr. Jennifer Kuk, assistant professor in York University's School of Kinesiology & Health Science in Toronto. One of the studies used data from the Aerobics Center Longitudinal Study consisting of 29,533 individuals and assessed their mortality in 16 years. … [Read more...] about Obesity does not necessarily mean poor health
A study ordered by US President Barack Obama and released Thursday concludes that analysis of "big data" can help society in many ways, from improving health care to spurring economic growth. "The big data revolution presents incredible opportunities in virtually every sector of the economy and every corner of society," said John Podesta, a former White House chief of staff who led the Big Data and Privacy Working Group. … [Read more...] about White House report embraces ‘big data,’ privacy rules
LONDON — "Alarming" rates of smoking, alcohol consumption and obesity in Europe could set back progress in reducing premature mortality, the World Health Organisation said on Wednesday in a report on the region's health. While Europeans are living longer than ever before, there remain "unacceptably high" differences in life expectancy between countries, with an 11-year gap between the highest and lowest, the report also said. The first study of its kind for three years, the report covers 39 countries including European Union member states as well as former Soviet republics. Levels of premature mortality from noncommunicable diseases (NCDs) – including cancer, cardiovascular diseases, diabetes and chronic respiratory diseases – are decreasing "quickly", the report said. But levels of alcohol consumption, tobacco use and obesity remain "alarmingly high" and this "could mean that this progress is not maintained", it said. "Europeans live long lives and healthy … [Read more...] about Smoking, alcohol, obesity tar Europe’s bill of health: WHO
Hidden beneath tarpaulins in the backyard of a house in the central Philippine city of Danao, Lito puts the finishing touches on a replica .45-caliber Colt Officer's Model pistol. It will join the more than 600,000 illegal guns in circulation in a country where the homicide rate outstrips the U.S. The money he makes from guns supplements his income as a farmer and helped Lito, 52, send two children to college. Still, he thinks often of the suffering that may come from a craft he learned from an uncle and older brother. "I worry that the firearms I make may be ending up in the wrong hands," said Lito, a soft-spoken man dressed in loose jeans and slippers, who asked not to be identified in full given the nature of his work. "If there were other opportunities, I will stop making guns." Lito, who will sell the pistol that took him a month to make for 6,000 pesos ($133) -- about three-quarters of the monthly minimum wage -- is one of 6,000 illegal gunmakers the Danao government is … [Read more...] about Farmers copying guns make Philippines deadlier than U.S.