I grew up being told that the average person uses 3% of their brain for conscious thought. It was my job to use more of it. (That myth that we use 10% of our brains is just that- we use our brains to see, to hear, etc- and probably most of it. But, that is not the same thing as what portion of our brain we use for cogent thinking.)
Continue reading fMRI shows link between parietal lobe and caudate nucleus critical for intuition
Regardless of where you fall on the ObamaCare spectrum, you know healthcare must be reformed in America. We pay too much and get too little in return. The real fact is that the key to better health is not better science. We already have great science- whether we can afford it, is another question; whether it is properly employed is yet another. The problem with better health is people and information (which, in this case, is related)- in other words, implementation.
Continue reading Healthcare Improvement Can’t Happen Without Better Information Transfer
OK, now, you’ve started on your family budget- what about your business budget? And, does that plan coincide the goals of your business plan? (Don’t even start by telling me you don’t have a business plan. If you don’t know where you want to go- how will you get there? And, how will you know if you did?)
Continue reading Businesses need budgets, too!
I am sure you are all knee-deep into arranging all your receipts (I am sure that it’s not just my clients that use shoe boxes or banker’s boxes) since taxes are due (corporate/partnership/trust due in 39 days, individuals in 73 days), here are a few hints if you are involved in a business (that means you make a profit 3 out of 5 years- otherwise the IRS considers it a hobby).
Continue reading Business filers- don’t forget these travel deductions
Continue reading Nature v. Nurture- Study proves genetics strongly affects education
We need to change our paradigm. Not because of the dramatic 
changes occurring in the Middle East (but that would be a good reason, anyway. May the changes bring democracy to that part of the world). No, because we Americans have learned the wrong things from our own recent history- and those errant ways will make it difficult for us to grow and prosper as a nation.
Continue reading We need to learn NEW lessons from these 3 failures
As we discussed in Parts 1 and 2, it sure looked like BankUnited was a “success” on paper. Its mortgage portfolio (the value of loans the bank held) had escalated from $ 6.1 billion in 2004 to $ 12.5 billion by 2007. (Unfortunately, some 70% of their entire portfolio was based upon Option ARM’s.) A few months later, the value of these Option ARM loans were equal to almost 6 X the entire capital held by the bank. (Capital is the money the bank has on hand to insure against failure; it is not the same thing as the bank’s assets [which would be the loans, in this case]- but if the assets are homes subject to mortgages that exceed their worth, you can see the obvious problems.) By the spring of 2008, 92% of BankUnited’s Option ARM’s were underwater. And in 2009, BankUnited was taken over by the Feds.
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