Year: 2022

FDA CLARIFIES FOCUS ON MED APPS. "Regulators will keep a particularly close eye on the applications that seek to replace a doctor’s visit or perform clinical tests. The FDA will focus its attention on the apps that turn your mobile phone into a medical device, like a medical attachment that plugs into an iPhone." These tests will require FDA approval as devices. " " http://lnkd.in/bPXyTyH View in LinkedIn

UNLOCKING MED APP INVESTMENTS. "For the digital health ecosystem, Monday’s final (FDA) guidance will provide some clarity. It could even inspire a wave of digital health investment." The long-awaited FDA guidance for mobile apps frees up this healthcare sector from the cloud of uncertainty except details about how FDA regulated apps will be treated. " " http://lnkd.in/bPXyTyH View in LinkedIn

COST REDUCTION KEY TO DISRUPTION in healthcare."Clayton Christensen, HBS professor and author of the books Disrupting Class and The Innovator's Precription, described disruptive technologies as "cheaper, simpler, smaller, and, frequently, more convenient to use." And in health IT, disruptive technologies are springing up left and right, allowing for less costly care and better communication. From telemedicine to point-of-care payments to medical tourism, disruptive technologies have revolutionized the industry."" " http://m.healthcareitnews.com/news/5-most-disruptive-health-it-innovations View in LinkedIn

$848 M FINE FOR DEFRAUDING US. "A federal jury in Manhattan on Wednesday found Bank of America liable for fraud because of thousands of defective mortgages sold by its Countrywide Financial unit, handing the government a victory in one of the few major trials rooted in the financial crisis."" " http://lnkd.in/bbP3bjZ View in LinkedIn

LIBOR FIXING INDICTMENT. "Dutch bank Rabobank says it has agreed to pay fines of 774m euros ($1bn; £662m) imposed by US, UK and Dutch regulators over the Libor interest rate-fixing scandal." Banking continues to behave like organized crime, but on a larger scale, and with greater impunity since it is integral to the financial structures of society. " " http://lnkd.in/bJ6mdbV View in LinkedIn

DELL COMPUTER GOES PRIVATE at a whopping cost of $29.4 Bn. Being a public company in the US is equivalent to sticking a target on your back, for every junk-yard class action lawyer to shake out large settlements for bogus claims, for activist shareholders and hostile takeover raiders to dismember and sell the parts, and tell your competition your business strategy. While tech startups need to motivate their VCs with liquidity in an IPO, the consequences are grim. " " http://lnkd.in/bhKADQs View in LinkedIn

US AND UK BANKS BEHAVE SIMILARLY. "In 2012 the US Senate Committee on Homeland Security issued a 339 page report detailing a catalogue of ”criminal ” behaviour by HSBC...washing over $881 for the Mexican Sinaloa Cartel and for the Norte del Valle Cartel in Colombia. HSBC affiliated banks such as HBUS repeatedly broke American AML laws ...which allowed Saudi banks such as Al Rajhi to finance terrorist groups that included Al-Qaeda. HBUS (US) supplied Al Rajhi bank with nearly $1 billion."" " http://lnkd.in/bUJd9fm View in LinkedIn

JAMES MARTIN, FUTURIST, ENTREPRENEUR AND VISIONARY, DIES. "Dr. Martin made hundreds of millions of dollars during his extraordinary life. He wrote 105 text books and became the largest benefactor in the history of Oxford University, where he donated $100 million of his own money to set up the James Martin 21st Century School. In 2010, it became Oxford Martin School. He was ranked fourth out of the 25 most influential people in computer science by Computerworld."" " http://lnkd.in/bCpfEnS View in LinkedIn

MAKING THE FUTURE A BETTER PLACE. This phenomenal futurist put his money where his mouth was to create a place for future studies in Oxford. "In 2004 Martin donated £60m to help establish The Oxford Martin School. This school aims to "formulate new concepts, policies and technologies that will make the future a better place to be".In 2009 Martin pledged up to an additional $50 million if it could be matched by other donors. This condition was met in April 2010."" " http://lnkd.in/b-vy-rX) View in LinkedIn

40 TONNE 1ST-GEN IBM 305 COMPUTER was the size of a room. "What's amazing is that the IBM 305 did 50 operations per second. Today IBM makes a computer which does more than a 1,000 trillion operations per second. In comparison, the portable computer I carry on airplanes today is 150,000 times faster and has 20 times the disc capacity. Its purchase price is less than the monthly rental of the 305 RAMAC. It almost never fails, whereas the 305 conked out daily." (James Martin 2010 interview)." " http://lnkd.in/bvedczB View in LinkedIn