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Doctors should be paid by salary, not fee-for-service: Behavioral economists
While most conflict of interest research and debate in medicine focuses on physicians interacting with pharmaceutical and device companies, one important source of conflicts is largely ignored in the medical literature on conflicts of interest: how doctors are paid. A new study outlines the problems associated with the fee-for-service arrangements that most doctors currently operate under. Such compensation schemes, the authors argue, create incentives for physicians to order more, and different, services than are best for patients.
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Right research, development investments “good bets” for both climate and economies
Investing in new ways of utility-scale electricity storage and capturing carbon to store underground should be a priority for governments aiming to meet the greenhouse gas and “green energy” targets set out in the Paris Agreement despite shrinking research and development budgets, experts suggest. Researchers analyzed a range of studies and expert reports on public energy R&D investments to uncover common threads and trends — pulling together the current state of knowledge on cost-effective investments across a range of energy technologies.
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Bypassing encryption: “Lawful hacking” is the next frontier of law enforcement technology
The discussion about how law enforcement or government intelligence agencies might rapidly decode information someone else wants to keep secret is – or should be – shifting. One commonly proposed approach, introducing what is called a “backdoor” to the encryption algorithm itself, is now widely recognized as too risky to be worth pursuing any further. The scholarly and research community, the technology industry and Congress appear to be in agreement that weakening the encryption that in part enables information security – even if done in the name of public safety or national security – is a bad idea. Backdoors could be catastrophic, jeopardizing the security of billions of devices and critical communications. A lawful hacking approach offers a solution that appears to gain greater favor with experts than encryption backdoors. A group of scholars proposed some ways we should begin thinking about how law enforcement could hack. Agencies are already doing it, so it’s time to turn from the now-ended debate about encryption backdoors and engage in this new discussion instead.
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Cyber Security R&D Showcase coming in July
The 2017 Cyber Security R&D Showcase and Technical Workshop is scheduled for 11-13 July at Washington, D.C.’s Mayflower Hotel. In all, fifteen research areas will be featured: mobile security, cyber-physical system security, software assurance, data privacy, identity management, distributed denial of service defense, next generation cyber infrastructure, technology transition, cyber risk economics, cybersecurity research infrastructure, modeling of internet attacks, support for law enforcement, moving-target defense, cloud security and insider threats. During the conference, attendees can choose from more than 115 technical presentations representing a combined $250 million of federally funded R&D.
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Helping power utilities and others better plan for the future
If you’re an electric utility planning a new power plant by a river, it would be nice to know what that river will look like twenty years down the road. Will it be so high that it might flood the new facility? Will the water be so low that it can’t be used to cool the plant? Generally, such projections have been based on records of past precipitation, temperature, flooding and other historical data. But in an era when temperature and precipitation are changing rapidly, historical patterns won’t do you much good. A new initiative by the U.S. Department of Energy’s (DOE) Argonne National Laboratory combines climate data and analysis with infrastructure planning and decision support, promises real help.
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Upgrading the U.S. grid
As society moves toward an increasingly connected world, keeping the U.S. electrical grid reliable and safe from hackers and other potential security threats has perhaps never been more crucial. The Department of Energy’s Grid Modernization Initiative aims to deliver fundamental knowledge, new concepts, tools and data to support the nation’s journey to modernizing the electric power system infrastructure. Enhanced grid security, grid flexibility via energy storage and improved economic competitiveness are key outcomes of this initiative.
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AgTech innovator raises $7.5 million to help develop precision agriculture
Today, the Ag industry loses more than $300 billion each year due to crop diseases and pests. Pests and diseases can destroy crops and devastate farmers’ agricultural yield, but chemical overuse comes with its own set of challenges, including pesticide-resistant disease strains. Meanwhile, rising temperatures and increasing levels of carbon dioxide create more challenges for farmers as crop pests and disease thrive in hot, CO2-rich environments. Taranis, a precision agriculture intelligence platform, announced it has closed a $7.5 million Series A round of financing. Taranis says it aims to lead the digital farming revolution by giving farmers around the globe the ability to predict and prevent detrimental threats to their crops—and bottom line.
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Dissect Cyber notifies small businesses targeted by cybercriminals
Cybercriminals are an insidious lot, constantly launching new schemes to steal money from individuals and companies. In the United States, millions of people and small businesses fall victim to internet crimes each year. Most small businesses do not have ready access to timely cybersecurity notifications of possible threats.
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Growing significance of cryptocurrencies
While many members of the general public may have heard of “bitcoin,” the first decentralized cryptocurrency launched in 2009, a new report paints a broader picture of “cryptocurrencies.” More than three million people (three times previous estimates) are estimated to be actively using cryptocurrencies like bitcoin, finds the first global cryptocurrency benchmarking study.
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Europe’s economy vulnerable to global water scarcity, drought
A new study of the impacts that increasing water scarcity and drought may have on the European Union’s (EU) economy finds that around 38 percent of the EU’s water demand lies outside its borders because many of the goods consumed by its citizens or used by its businesses are produced abroad. “The highest risk that the European meat and dairy sector will face due to climate change and weather extremes lies outside its borders. This is because it is highly dependent on soybean imports from locations that are vulnerable to water scarcity and drought,” says one expert.
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Rewriting NAFTA has serious implications beyond just trade
President Donald J. Trump has called the North American Free Trade Agreement (NAFTA) our “worst trade deal.” After flip-flopping between scrapping NAFTA altogether and saying that the agreement required only tweaks, Trump is trying to force a renegotiation of a deal that supports three million American jobs. This may seem like just another trade dispute, but NAFTA has bound together North America’s economic and security considerations. The renegotiation of NAFTA may thus have serious implications not only for trade and the continental economy, but also for immigration and border security. Bad deal or not, NAFTA has fundamentally reshaped North America’s immigration and security policies. Any changes to NAFTA will certainly have repercussions that reach far beyond the economy.
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Differentiating viral and bacterial infections
MeMed, an Israeli company specializing in molecular immunology, informatics, clinical infectious diseases and in vitro diagnostics, last week announced it has been awarded a $9.2 million contract by DoD’s Defense Threat Reduction Agency (DTRA) to fund the completion of MeMed’s point-of-care platform for distinguishing bacterial from viral infections.
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Timber skyscrapers may soon transform London’s skyline
The use of timber as a structural material in tall buildings is an area of emerging interest for its variety of potential benefits; the most obvious being that it is a renewable resource, unlike prevailing construction methods which use concrete and steel. The research is also investigating other potential benefits, such as reduced costs and improved construction timescales, increased fire resistance, and significant reduction in the overall weight of buildings. London’s first timber skyscraper could be a step closer to reality as city engineers are finalizing their evaluation of a conceptual plans for an 80-storey, 300-meter high wooden building integrated within the Barbican.
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Populism, terrorism converge to compound global risks
Aon publishes 2017 Risk Maps for Political Risk, Terrorism and Political Violence shows there has been a 14 percent increase in the number of terrorist attacks worldwide in 2016, up to 4,151 from 3,633 in 2015. Western countries saw a 174 percent increase in terrorist attacks in 2016, up from 35 attacks in 2015 to 96 attacks in 2016. Oil and gas companies were the target of 41 percent of terrorist attacks on commercial interests in 2016 and the trend has continued in 2017. But 2017 marks the first year in the last four where as many countries experienced a decline in political risk for investors as those experiencing an increase. This suggests a modest improvement in economic resilience after many years of deterioration. The potential for divergence between the United States and Europe around sanctions regimes could create uncertainty for investors in Iran, Russia, and even Cuba.
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BP oil spill did $17.2 billion in damage to natural resources
The 2010 BP Deepwater Horizon oil spill did $17.2 billion in damage to the natural resources in the Gulf of Mexico, a team of scientists recently found after a six-year study of the impact of the largest oil spill in U.S. history. This is the first comprehensive appraisal of the financial value of the natural resources damaged by the 134-million-gallon spill.
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More headlines
The long view
Need for National Information Clearinghouse for Cybercrime Data, Categorization of Cybercrimes: Report
There is an acute need for the U.S. to address its lack of overall governance and coordination of cybercrime statistics. A new report recommends that relevant federal agencies create or designate a national information clearinghouse to draw information from multiple sources of cybercrime data and establish connections to assist in criminal investigations.
Trying to “Bring Back” Manufacturing Jobs Is a Fool’s Errand
Advocates of recent populist policies like to focus on the supposed demise of manufacturing that occurred after the 1970s, but that focus is misleading. The populists’ bleak economic narrative ignores the truth that the service sector has always been a major driver of America’s success, for decades, even more so than manufacturing. Trying to “bring back” manufacturing jobs, through harmful tariffs or other industrial policies, is destined to end badly for Americans. It makes about as much sense as trying to “bring back” all those farm jobs we had before the 1870s.
The Potential Impact of Seabed Mining on Critical Mineral Supply Chains and Global Geopolitics
The potential emergence of a seabed mining industry has important ramifications for the diversification of critical mineral supply chains, revenues for developing nations with substantial terrestrial mining sectors, and global geopolitics.