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For truly affordable health care, we need to pay for outcomes, not services

first_img @nashpophealth [email protected] By Rita E. Numerof and David B. Nash March 29, 2017 Reprints That’s exactly what we saw in the second annual State of Population Health Survey, published by Numerof & Associates. It showed that fewer than 1 in 5 health care executives are confident that their institutions are ready to assume financial risk for cost and quality. The majority of providers surveyed said that under 10 percent of their revenue comes from risk-based reimbursements, which is virtually unchanged from the prior year.Executives are also dialing back their expectations for how fast this percentage will grow. In this year’s survey, respondents projected that just 20 to 40 percent of their revenue will flow through alternative models within two years, down from 40 to 60 percent the year before. That’s worrisome, as changes in payment models are essential to achieving better health outcomes at a sustainable cost.If left to choose between the new path of assuming accountability for the total cost of care and outcomes or the current one of being paid for every service performed, most providers will choose the status quo. Recent government pilots demonstrated that phenomenon. In the Medicare Shared Savings Program, for example, only 1 percent of participants chose the track that exposed them to shared losses, while 99 percent chose shared savings only, steering clear of downside financial risk.But incentives can change behavior. As the largest purchaser of health care in the United States, the Centers for Medicare and Medicaid Services is in a unique position to influence delivery organizations. One provision in the embattled Affordable Care Act sought to promote progress toward changing how we pay for health care by directing CMS to test new payment mechanisms that hold providers accountable for costs and outcomes. Some of these mechanisms, like bundled payments, use financial risk to focus providers on the value of their care and lay the groundwork for population health.While some of these pilots have shown promise in moderating the spiraling cost of care, they’re not moving the industry fast enough toward new models of care delivery and payment. And the progress they’ve made has been accompanied by reams of regulations for providers to navigate, encouraging consolidation to deal with burdensome administrative requirements and taking the focus off providing the best possible care. President Trump and the Republican Party have been clear about their intention to replace the ACA with a more market-driven system. Less certain is the administration’s commitment to the idea of value-based care and the pace at which it will push for changes; the AHCA has little to say on the issue. It will be important to differentiate between the baby (payment reform and greater emphasis on prevention) and the bathwater (onerous regulations and reporting requirements) if we’re ever going to get to true value in health care.If the transition from fee-for-service to value-based accountable care is allowed to happen at a pace that makes health care delivery organizations comfortable, it will be decades before we see meaningful change. By that time, the confluence of the boomer age wave and inflation that is almost certainly in the near future promises to swamp the federal budget in a torrent of health care costs.To have any chance of success, real health care reform needs to dramatically change how we pay for what we get. Payers (public and private) need to rapidly increase provider participation in payment models with meaningful risk, while at the same time moving faster to put the old model and its perverse incentives to rest. We also need industry and policymakers to establish the transparency in cost and outcomes essential for enabling patient choice and keeping providers accountable for value.Until we reward population health, we won’t get it.Rita E. Numerof, PhD, is president of Numerof & Associates. David B. Nash, MD, is dean of the Jefferson College of Population Health. Many of today’s value-based care efforts aren’t transforming the way health care is paid for and delivered. They tend to make only minor modifications to the fee-for-service model, starting with existing fee schedules and adding incentive payments for reporting certain data, meeting cost benchmarks, and the like. But these efforts largely don’t make providers responsible for the total cost of caring for their patients or for the health outcomes achieved. First OpinionFor truly affordable health care, we need to pay for outcomes, not services Tags insurancephysicians Related: Broad implementation of population health would challenge providers to assume greater financial risk for their patients’ outcomes and so take a different approach to delivering and coordinating care. Since most organizations are entrenched in today’s fee-for-service model, it’s no surprise to find resistance to this shift.advertisement About the Authors Reprints Health insurers and hospitals have talked a lot about their successful forays into value-based care. But the broader shift from volume to value needs to accelerate if we are to finally tame the increases in health care costs that threaten long-term economic growth in the United States.Fee for service, the dominant payment model in health care today, relies on an elaborate fee schedule for every identifiable procedure. Unfortunately, it has created incentives for doing more tests and surgeries than may be necessary.The concept of population health stands in contrast to the fee-for-service model. It focuses on managing the health of a population by providing the right interventions for patients at the least costly point in the care continuum — from preventive care programs to post-acute services. Population health management means paying providers or health systems on a per-patient, per-month basis rather than sticking with the fee-for-service system of paying for each service rendered. With quality reporting and guarantees built in, this change provides incentives to keep people healthy — not just treat them when they are injured or sick.advertisement [email protected] David B. Nash @RitaNumerof Rita E. Numerof APStock True value-based care is a trillion-dollar unicorn for the health care industry last_img read more

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Renewed economic ‘self-reliance’ goals in N. Korea insufficient to overcome sanctions,…

first_imgAnalysis & Opinion Kim Jong Un gives ‘field guidance’ at a backpack manufacturing company in Pyongyang on January 5, 2017. Image: Yonhap News Agency Renewed economic ‘self-reliance’ goals in N. Korea insufficient to overcome sanctions, say experts Domestically-manufactured products continue to gain market share over their Chinese counterparts in North Korea’s local markets as the authorities ramp up their emphasis on self-reliance. However, whether or not the policy to shift economic responsibility to domestic industry is sustainable under ongoing international sanctions remains to be seen. “In markets all over the country like in Hyesan and Sinuiju, domestically-manufactured products have become more popular than the Chinese-made ones because the quality is better and the prices are lower,” a source in North Pyongan Province told Daily NK on March 21.A source in Ryanggang Province added, “It used to be that people preferred the higher-quality Chinese products, but recently the authorities have supported domestic light industry through their self-reliance policy, leading to improvements in quality.”Domestic products that have gained in popularity are said to include snack foods, bread, shoes, socks, clothing, backpacks, school supplies, toys, and cosmetics. However, North Korean consumers still seem to prefer foreign-made electronic items like cell phones over the domestic alternatives, which are considered to be outdated in terms of features and quality.  The North’s efforts to improve light industry manufacturing began in 2015, after Kim Jong Un stated during the annual New Year’s address that “all factories and businesses must energetically shed the disease of importation and realize a change to domestic production of raw materials and resources.” Kim first mentioned the “self-reliance-first” policy by name in his 2016 New Year’s address, stressing the need to ‘improve the lives of the people and the country’s economic development.’ Analysts believed that Kim was signalling a desire to move the country away from its economic overdependence on China.In his 2017 address, Kim boasted that domestic production of light-industry raw materials will lead to better quality products and a more diverse array of goods available in the markets. Kim then proclaimed in his 2018 address that the country’s “numerous light-industry factories in sectors including textiles, footwear, knitwear and foodstuff industries … made proactive efforts to propel the modernization of several production lines by means of our own technology and our own equipment.” Experts believe that Kim Jong Un’s shifting attention towards “self-reliance-first” is evidence of the North’s belief that domestic manufacturing can sufficiently compensate for the country’s losses incurred by international sanctions.  “The North Korean authorities are taking action towards (improving) distribution of domestic goods before the economy gets worse,” said Lee Geun Young, Professor at the Yanbian University Department of Political and Public Administration. “They want to create better products that people are willing to spend money on as alternatives to the Chinese options.”Lee believes that the authorities see it as a win-win, where “the government profits directly from the sale of the goods and public opinion of the regime improves due to the lower prices.” Lee also said that this “perhaps lends to Kim Jong Un’s confidence in his policy of self reliance.”However, many analysts do not believe these sorts of policies alone are enough to completely make up for the foreign supplies of goods cut off by sanctions. “Their policy of self-reliance may have some limited positive effects, but it cannot address the most fundamental problems with their economy,” said Cho Bong Hyun, a senior researcher at the IBK Economic Research Institute. “They may improve their manufacturing capabilities, but they can never achieve 100% independence in terms of raw material and base machinery production,” Cho added. “They will eventually have to turn back to foreign imports, but this will be difficult under continued international sanctions.” AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] RELATED ARTICLESMORE FROM AUTHOR Facebook Twitter Is Nuclear Peace with North Korea Possible? By Daily NK – 2018.03.23 4:39pm Analysis & Opinion Analysis & Opinion SHARE Analysis & Opinion Tracking the “unidentified yellow substance” being dried out near the Yongbyon Nuclear Center Pence Cartoon: “KOR-US Karaoke”last_img read more

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Commodities weigh on TSX

first_img Toronto stock market dips on weakness in the energy and financials sectors Keywords Marketwatch David Hodges S&P/TSX composite hits highest close since March on strength of financials sector Canada’s main stock index racked up its third straight day of losses on Wednesday as oil and gold prices lost ground, while U.S. markets finished mixed. The S&P/TSX composite index was down 61.92 points to 15,967.72, with the technology sector leading decliners. Shares of Shopify Inc. tumbled $10.09, or 7.03%, to $133.40 at the closing of markets. The materials and metals sectors also finished in the red, as the February gold contract declined US$13.00 to US$1,286.20 an ounce and the March copper contract gave back US3¢ to US$3.07 a pound. Surprisingly, the energy sector was one of few advancers on the commodity-heavy TSX, despite a sharp drop in oil prices as the January crude contract fell 69¢ to US$57.30 per barrel. “It is perplexing if crude prices are down and energy stocks are up,” said Candice Bangsund, a vice-president and portfolio manager at Fiera Capital in Montreal. “It happens sometimes perhaps when the sell-off in energy prices has been overdone, and obviously people maybe look at that as a buying opportunity in the energy space which is maybe unfairly depressed.” Bangsund said crude prices “are really in defence mode” ahead of OPEC’s meeting in Vienna on Thursday. “You’re just seeing some lingering uncertainty about whether OPEC and Russia are going to be able to reach that agreement on extending productions cuts next year,” she said. It was reported last week that the 14 nations of the Organization of the Petroleum Exporting Countries and Russia have agreed to extend their latest cuts in oil production until the end of 2018. OPEC and a group of other important oil producers will meet in Austria’s capital on Thursday to discuss cuts they announced one year ago and implemented at the start of 2017. Weakness in gold, said Bangsund, can be attributed to encouraging developments in the United States. The Commerce Department reported Wednesday that the U.S. economy grew at an annual pace of 3.3% from July through September, the fastest rate in three years. U.S. investors were also encouraged by news Tuesday that a Senate committee has cleared the way for a tax reform bill to go before the full Senate. “When taken together that’s setting the stage for higher interest rates in the U.S. and of course that’s negative for gold,” Bangsund said. A steep drop in technology companies south of the border also pulled major U.S. stock indexes mostly lower on Wednesday, offsetting gains in other sectors. Amazon, Facebook, Google parent Alphabet and other big technology companies were giving up some of their recent gains. “In the technology space we’re seeing some profit taking today, no specific news just some pretty broad-based selling,” Bangsund noted. On Wall Street, the Dow Jones industrial average advanced 103.97 points to 23,940.68, a record high, while the S&P 500 index edged down 0.97 of a point to 2,626.07 and the Nasdaq composite index fell 87.97 points to 6,824.39. In currency markets, the Canadian dollar was trading at an average value of US77.80¢, down 0.28 of a U.S. cent against a strengthening greenback. Elsewhere in commodities, the January natural gas contract was up US5¢ at US$3.18 per mmBTU. With a file from The Associated Presscenter_img Facebook LinkedIn Twitter Related news Share this article and your comments with peers on social media TSX gets lift from financials, U.S. markets rise to highest since Marchlast_img read more

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Canadian workforce facing demographic shift, StatsCan predicts

first_img James Langton Related news Facebook LinkedIn Twitter Share this article and your comments with peers on social media Leadership corporate hierarchy recruiter team leader employee selection new job jirsak/123RF RBC report says immigration slowdown threatens Canadian economy Immigration likely to miss targets again in 2021: RBC Keywords Immigrants In turn, this will have “important consequences for the Canadian economy,” the report says. “With more people leaving and fewer people entering the labour market, some sectors face the prospect of labour shortages. A lower overall participation rate will likely put pressure on fiscal revenues, which fund essential social and economic services and programs.”These pressures would likely be even more significant if not for immigration, and people staying employed longer than they did in the past — both factors that are bolstering the workforce.For instance, StatsCan said the participation rate among men approaching retirement age (aged 60 to 64) rose from 43% in 1995 to 61% in 2017, and for older women, the rate has more than doubled, from 23% to 49% over the same period.Looking ahead, StatsCan’s report suggests that these trends will continue. It notes that immigrants represented about 25% of the Canadian workforce in 2016, and that this could grow to more than 33% by 2036.Similarly, older workers (aged over 55) accounted for 21% of the workforce in 2017, and this is projected to rise to 25% by 2036. Back in 1976, only 11% of the workforce was over age 55, the report noted.“There are multiple factors associated with the increase in the labour market participation of seniors, including better health and longer life expectancy, higher levels of education and their financial situation,” the report says.StatsCan also says that there will likely be regional differences to these effects. For instance, it projects that immigrants will make up an even bigger share of the workforce in major cities, such as Toronto and Vancouver, which are popular destinations for new Canadians. In Toronto, immigrants are forecast to represent 57% of the workforce by 2036.“In these large urban areas, high immigration as well as the migration of young adults from other regions of Canada would partially offset the effects of population aging,” the report says. Immigrants, not reckless lending, are driving Canada’s housing boom: NBF The demographic makeup of the Canadian labour force is set to evolve in the years ahead, according to a new study from Statistics Canada, which forecasts that the workforce will be getting older, more reliant on immigrants and increasingly prone to shortages in certain sectors.StatsCan published a study on Wednesday that provides its projections for the Canadian job market of 2036. With the Baby Boomer generation entering their retirement years, the national statistical agency reports that the labour force participation rate had already declined from 68% in 2008 to 66% in 2017 — and it predicts that it will fall to between 61% and 63% by 2036. last_img read more

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‘Natural capital’ debuts as an asset class

first_imgSolar farm on a rural hillside LEOPATRIZI/ISTOCKPHOTO How do you measure the impact of an impact investment? Related news Keywords Climate change,  Responsible investing,  ESG Group of large oilsands operators commit to become net zero emitters by 2050 Share this article and your comments with peers on social media The new venture will manage private funds offering institutional investors exposure to “global natural capital themes in both emerging and developed markets” aimed at preserving, protecting and enhancing nature over the long term.“Clients are increasingly focused on environmental matters and this initiative is designed to help them achieve a financial return, while at the same time creating a positive impact on the world’s biodiversity, which will be felt for generations to come,” Nicolas Moreau, global CEO of HSBC GAM, said in a statement.Funds will invest in projects including sustainable forestry, sustainable agriculture, water supply, bio fuels and “blue carbon” — coastal ecosystems that sequester carbon emissions.Pending regulatory approval, HSBC Pollination Climate Asset Management plans to launch two funds next year — one looking to raise US$1 billion; the other, US$2 billion. HSBC intends to become a cornerstone investor in the first fund, according to the release.“Investing in the resilience of nature is investing in the resilience of the economy,” Martijn Wilder, co-founding partner of Pollination, said in a statement. “Nature is the most fertile investment we have.” Climate metrics are imperfect, but advisors still need to start using them A new joint venture between HSBC Global Asset Management Ltd. and Pollination Group Holdings Ltd. is billing itself as “the first large-scale venture to mainstream natural capital as an asset class.”On Monday, the two London-based firms announced they had joined forces to create HSBC Pollination Climate Asset Management, “the world’s largest natural capital [asset] manager,” according to a release. IE Staff Facebook LinkedIn Twitterlast_img read more

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Consumers might not return to old product choices once finances improve

first_imgConsumers might not return to old product choices once finances improve — When faced with job losses, a sudden drop in income, or other stormy economic conditions, consumers will likely need to shift their purchasing priorities and preferences. Those changed preferences outlast the contraction and shape choices even after income recovers.In a series of studies, Penn State Smeal College of Business-led researchers say that consumers may not return to their original spending patterns even after those gloomy economic clouds finally clear up. The findings suggest that, despite their own tight budgets, businesses should continue to reach customers during uncertain economic times, or face negative consequences that stretch beyond the contraction.The studies build on work seeking to understand how consumers behave in uncertain economic conditions, said Gretchen Ross, a former Penn State Smeal doctoral student in marketing and currently an assistant marketing professor at Texas Christian University.“There’s this idea that when we have an expanding budget trajectory, we tend to add more categories to the budget, then when we have a decreasing budget trajectory,” said Ross, who was the first author of the paper. “In other words, we spend on more categories on the upward, than the downward. So, we started thinking what happens when you experience a contraction in your budget, but then are able to go back to your original state? For example, what would happen if you lost your job and needed to cut some budget categories, but then you find a new job and go back to previous income levels. Would we go back to spending our income on the same categories?”According to Ross, consumers typically shift their priorities and preferences during the contraction and those shifts persist after resources are restored. Further, these shifted preferences may be more stable than initially thought.“As an example, if your income increases, you might start buying fine wine instead of boxed wine,” said Margaret Meloy, professor of marketing and Calvin E. and Pamala T. Zimmerman Fellow, who also serves as the Marketing Department chair. “However, when your budget constricts, going back to boxed wine may feel so aversive that it makes more sense to stop buying wine entirely. In other words, consumers might cut out entire categories of consumption during contractions. When economic resources return, consumers may continue to skip the wine because they have discovered they weren’t enjoying it that much in the first place,” she added.Judicious marketingThe researchers, who published their findings in a recent issue of the Journal of Consumer Research, one of the top journals in its field, suggest that companies need to watch marketing budgets closely during these contractions.“You have to prevent your brand from ending up on the cutting room floor when budgets contract,” said Meloy. “If your brand disappears during the contraction, there’s a lower probability that it will return as budgets re-expand. During an economic downturn, it may not be a time to cut your marketing budget; you may want to spend it judiciously on those most likely to cut your brand during the contraction.”Ross said that companies should also look for ways to help customers manage times of economic struggles.“There may be ways that companies could help customers during this time,” said Ross. “For example, let’s say I’m experiencing a financial contraction, it’s not that I don’t want to go to Starbucks for a coffee, I just can’t afford it. Perhaps Starbucks could help me by giving me coupons, that might help me stick with the company.”The researchers conducted several experiments to show that the effect stretched across other domains including time, space and money.To test a loss and return of resources of time, the researchers recruited 119 people to test how their responses to how they would budget time in a travel scenario. They were asked to allocate time for an original itinerary and then later asked how that itinerary would change if it was shortened and then restored.Similarly, the researchers recruited 123 participants to explore a loss and restoration of space resources. In this scenario the participants were asked which vegetables they would plant in a garden of 21 rows and then which they would plant it if the space was contracted to seven rows. They were then asked about their plan when the garden was eventually restored to its original dimensions. Did individuals decide to leave some of the vegetables in the initial allocation out of the final allocation across the 21 rows?To test financial resources, the researchers recruited 223 participants to manage a $300 budget that was cut to $100 and then eventually restored back to $300.“In every domain that you can show a robust effect, it indicates there’s something fundamental to the way you’re forming preferences,” said Meloy.The team recruited 178 participants for a follow-up study, referred to as a consequential choice study, that tested the preference-forming effect with real resources — in this case, candy.Finally, the researchers investigated the preference selection of people who faced a real-world example of contraction during the 2018-19 government shutdown.The researchers said future work may look at how resource contractions affect the saving patterns of consumers once resources are restored. Do people save more after experiencing a contraction? Another area of research might be to investigate whether preference refinement affects choice satisfaction. For example, researchers could examine how budget contractions during the COVID-19 pandemic may alter satisfaction with a simpler lifestyle that lasts after the pandemic ends. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Christian, covid-19, Effect, Government, job loss, pandemic, participants, Pennsylvania State University, Professor, research, resources, Ross, spending, Student, Texas, university, vegetableslast_img read more

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Australian first keeps waterways clean

first_imgAustralian first keeps waterways clean A new species of shark is lurking in the waters near Cockle Bay Wharf, feasting on a diet of plastics, metal and floating debris.Minister for Planning and Public Spaces Rob Stokes today introduced the WasteShark to Australian waters for the first time, a 1.5 metre aquadrone that will clean litter from the sea.“Everyone wants a safe and sparkling harbour and I’m delighted to welcome the latest weapon in the war on waste,” Mr Stokes said.“The WasteShark can devour up to 160 kgs in one sitting – including plastics, vegetation, floating debris, chemicals, marine fuels and oils that shouldn’t be in our waterways.“Along with cleaning our waters, the WasteShark will collect and store valuable data on water quality.“This is an environmentally-friendly solution to cleaning our waterways, powered by battery and emitting zero emissions.”Placemaking NSW Chief Executive Anita Mitchell said the WasteShark was developed in the Netherlands and would begin devouring prey from this week.“Swimming through enclosed waters autonomously or under remote control, it can remove rubbish while scanning and monitoring the health of the marine environment, sending data on water conditions back to a central command via the cloud,” Ms Mitchell said.“It gathers air and water quality data, filters chemicals such as oil, arsenic, and heavy metals and scans the seabed to read its depth and contours.“We’re excited to see the WasteShark set sail as an innovative, safe and efficient way to continue to keep Cockle Bay clean.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:arsenic, Australia, Australian, battery, environment, Government, Minister, Mitchell, Netherlands, New South Wales, NSW, planning, quality, species, Water, water quality, Weapon, zero-emissionlast_img read more

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Vancouver motel fire claims the life of 32-year-old man

first_imgFire took place early Saturday morning at Motel 6 in east VancouverVANCOUVER — The deceased victim of a fire at the Motel 6 in east Vancouver Saturday has been identified as 32-year-old Christopher D. Schoenwald, of Vancouver. The motel, located at 221 Northeast Chkalov Drive, is currently being used as a quarantine and isolation site for people who have been exposed to COVID-19 and also as a temporary homeless shelter. The first-arriving crews found a heavy fire consuming a first floor unit and spreading to the second floor on the eastside of the building. Photo by Jacob GrannemanThe first-arriving crews found a heavy fire consuming a first floor unit and spreading to the second floor on the eastside of the building. Photo by Jacob Granneman Units from the Vancouver Fire Department (VFD) and the Vancouver Police Department (VPD) were dispatched at just before 1:45 a.m. Saturday. VFD PIO Bryan Fredrickson said the first-arriving crews found a heavy fire consuming a first floor unit and spreading to the second floor on the eastside of the building. Crews entered the unit on the first floor and found Schoenwald. Fredrickson said crews had the fire under control in about 20 minutes. Both the VFD and the VPD’s Major Crimes unit are investigating the cause of fire and the cause of death is being investigated by the Clark County Medical Examiner’s office.VPD PIO Kim Kapp said a toxicology report had been initiated because no immediate cause of death could be determined. Results of the toxicology report were not yet available. The Clark County Medical Examiner’s report said the cause of death is still pending.A total of 11 units responded to the fire. Crews remained on scene well into the morning. No injuries were reported to firefighters or first responders.No other details were available at the time of this report.AdvertisementThis is placeholder textTags:Clark CountyLatestVancouvershare 0 Previous : Camas parents demand in-classroom school Next : UPDATE: Vancouver Police locate missing teenAdvertisementThis is placeholder text Vancouver motel fire claims the life of 32-year-old manPosted by ClarkCountyToday.comDate: Monday, September 28, 2020in: Newsshare 0 last_img read more

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Elon Musk has just surpassed Jeff Bezos as the world’s richest person

first_img RELATED TAGSTeslaLuxuryElectric CarsElectric VehiclesLuxury VehiclesNew Vehicles PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca ‹ Previous Next › See More Videos The jump in Tesla’s stock price further inflates a valuation light-years apart from other automakers on numerous metrics. Tesla produced just over half-a-million cars last year, a fraction of the output of Ford and General Motors. The company is poised for further near-term gains as Democrats captured both Georgia Senate seats and handed control of Congress to the party that’s advocated for quicker adoption of electric vehicles. We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. advertisement Elon Musk, the outspoken entrepreneur behind Tesla and SpaceX, is now the richest person on the planet.A 4.8-per-cent rally in the electric carmaker’s share price Thursday boosted Musk past Amazon.com founder Jeff Bezos on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people.The South Africa-born engineer’s net worth was US$188.5 billion at 10:15 a.m. in New York, US$1.5 billion more than Bezos, who has held the top spot since October 2017. As chief executive officer of Space Exploration Technologies Corp., or SpaceX, Musk is also a rival to Bezos, owner of Blue Origin LLC, in the private space race. First Look: 2022 Lexus NX The sport-cute’s looks have been softened, but its powertrains and infotainment offerings have been sharpened COMMENTSSHARE YOUR THOUGHTS The milestone caps an extraordinary 12 months for Musk. Over the past year his net worth soared by more than US$150 billion in possibly the fastest bout of wealth creation in history. Fueling his rise was an unprecedented rally in Tesla’s share price, which surged 743 per cent last year on the back of consistent profits, inclusion in the S&P 500 Index and enthusiasm from Wall Street and retail investors alike. Trending in Canada The Rolls-Royce Boat Tail may be the most expensive new car ever Created with Raphaël 2.1.2Created with Raphaël 2.1.2 In a Sept. 29, 2015, file photo, Elon Musk, CEO of Tesla Motors Inc., talks about the Model X car at the company’s headquarters, in Fremont, Calif.  Marcio Jose Sanchez / Associated Press Trending Videoslast_img read more

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Economic Outlook Forum Dec.15 Presented By CU-Boulder Leeds School Of Business

first_img Published: Nov. 30, 2003 The University of Colorado at Boulder Leeds School of Business will present its 39th annual Colorado Business Economic Outlook Forum at 1 p.m. on Monday, Dec. 15, at the Denver Marriott City Center. The event at 1701 California St. in Denver is free and open to the public. No reservations are required. The comprehensive state economic outlook for 2004 features trends and forecasts prepared by more than 80 key business, government and industry professionals and is compiled by the Business Research Division at the CU-Boulder Leeds School of Business. A question-and-answer session will follow the outlook presentation and will feature some of the state’s top economists. Larissa Herda, president, chairman and CEO of Time Warner Telecom, will follow as the keynote speaker. The forum will conclude with a series of breakout sessions focusing on some of the top economic issues facing Colorado, including: * Tourism: Where Do We Go From Here? – Eugene Dilbeck, Lambert-Dilbeck Marketing Resources * Population, Labor Force and Personal Income in 2004 – James Chivers, Colorado Department of Labor and Employment * High Tech, Low Luck? Has Outsourcing Ended the Way of High-Tech Prosperity? – John Cody, Longmont Area Economic Council * Tax Reform in Colorado – Tom Clark, Denver Metro Chamber of Commerce * Can Colorado Become a Transportation Hub? – Bill Becker, Adams County Economic Development. For more than 85 years, the Business Research Division has provided business, economic and market research that contributes to the efficient use of Colorado’s resources. The event is sponsored by the Leeds School of Business and KeyBank. For more information contact the Business Research Division at (303) 492-8227 or send e-mail to [email protected] Share Share via TwitterShare via FacebookShare via LinkedInShare via E-maillast_img read more

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