Lawyers Pursue Expired Patent Owners

                   

A U.S. district judge has ruled it’s unconstitutional for plaintiffs to sue on claims that expired patents have appeared on some products. That the matter, instead, was a function of the federal government to pursue. This type of lawsuit had become another ploy for aggressive lawyers.

                       

There are many issued patents, particularly on consumer products. And patents have a limited life. And it isn’t always

convenient to get the patent notice off a label soon after expiration. Moreover, is it a crime to let the public know the owner of  the original patent?

                       

But it’s hard to stop lawyers from trying. There are so many of them. And they have to make a good living the best they can.

(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

Too Many MBAs Are Being Produced

                                    

About 150,000 MBAs graduate each year. Our graduate schools have accommodated demand by producing the degrees.

                       

It’s easy to come up with what academe suggests a business executive or financial expert ought to know. At the same time, the educator must be certain not to make the course too difficult or classes will not be filled.

                       

So we get a happy medium. Lots of students, and graduates. All with degrees, which in the real world of business and finance, have become relatively useless. Except for their questionable use in a resume.

These days, we are reaching the stage where there are simply too many MBAs to attract the attention

they formerly did. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

Your Business Should Pay You For Your Toil and Investment

                        

Most small business people never ask themselves how much the business they’re in ought to pay them. Here’s a  guide to aid them.

                       

If you have borrowed or invested risk capital to get into the business, you should be compensated each year for lost interest earnings, had the capital been invested elsewhere at risk.

                       

Secondly, you should be repaid for the time you put in at work, or the work members of your family and friends contribute.

                       

Remember: Funds you have borrowed for a business are to be repaid from after-tax earnings.

                       

What you come up with you may surprise and possibly make you feel cheated. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

College-is-best and Other Media Fallacies

                     

The media always repeats uninformed college-is-best themes without further thought. Facts will correct the error.

                       

Other examples of media error: Much raw or “seasonally adjusted” governmental statistical releases are manipulative and

poorly explained.

                                           

Nevertheless, blaring headlines repeat erroneous raw data; editors no doubt know full well the information is tainted. What’s the purpose, except for news slant? (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

Government Health Insurance Competition?

                    

Populist politicians insist that private insurance companies, or any private business, should be able to compete with an entity that is government-run, especially with regard to health insurance.

                       

But we know that government entities are not operated at low cost. The Post Office is one example. Medicaid and Medicare are government insurance coverage run amok.

                       

What pro-government insurance fans never tell you, is that government has no capital costs. The taxpayer subsidizes capital as well as operational outlays.

                       

All private health insurance companies must provide expensive capital and funds and yet have only a few percentage points of profit to show for it. State regulators limit premium charges.

                       

Never fall for the argument that having a government agency option to choose from, will help the consumer. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

The European Living-Style Mirage

                     

The European living style is an impressive mirage. Since World War II most of the major countries have had social welfare types of government, outside that of Germany and Switzerland. With their GDP averaging 2% annually, while that of the U.S. has averaged about 3%.

                       

But the proverbial chickens have come home to hatch the result. The short work weeks, long vacations and lack of general productivity has reduced European standards of living. Vacationers from the U.S. never get to see the ugly side of Europe. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

Internship Jobs

                    

An internship type of job is fine if it leads to a career you want, especially at the company offering the job. You probably selected that firm because it appealed to you for good reasons.

                       

Because you will be getting little pay, internship should be a true apprenticeship relation. That means the job is not a means of an employer getting someone to work for below-market wages. In fact, labor laws dictate against that.

                       

So consider internships carefully, as they can be quite useful if selected wisely. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

Free Health Care for Illegals?

                     

At least twelve million illegal immigrants may now qualify for free health care, for themselves and relatives, under ObamaCare and present local law. So-called undocumented immigrants still get free medical care when they ask for it.

                       

Only about eight million Americans cannot afford health insurance premiums. The media dwells on a number of well over forty million that includes many who do not want or need coverage.

                       

I would think it would be far cheaper to give the needy group health coverage free of charge, without revamping the entire

health care system. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

Government-Provided Poor Health Care

                

The bad service the Canadians and Europeans get in terms of health care and rationing of care, are indicative of what will be in store for Americans, once ObamaCare fully operates.

                       

The sharply rising costs of Medicaid and Medicare, present examples of government sponsorship in this country, including the fraud in Medicaid and Medicare that now exists. The current shortage of doctors and providers without even adding additional patients with ObamaCare, is yet another impending horror.

                                       

Health care can, if fully rectified and privatised, provide helpful changes without emulating problems encountered elsewhere. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

ObamaCare’s Doctor Shortage

                                     

The Law of Supply and Demand applies to MDs and other health providers as it does to all commodities.

                       

You may tell the public you will increase their ability to get medical care. But to do so, you must also increase the number of doctors, and medical facilities, plus aides.

                       

It takes about eight to ten years to educate and train a student willing and smart enough to become a doctor. At a cost of at least $100,000.

                       

ObamaCare attempts, in part, to cut health costs through a reduction of doctor income. This would make it tougher to explain the investment or acquired debt of becoming a doctor. Why train so hard for so little compensation? (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

Politicized Federal Worker Unions

                    

There is no reason for government unions. FDR wouldn’t stand for it during the New Deal and Great Depression. If fed government labor wants better pay, they can vote for a labor party or its equivalent.

                       

Private workers can and should have the right to join private unions. Negotiation with private employers is totally different than dealing with taxpayers where a union has the ability to influence government

politicians and bureaucracy. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

A Health Care Alternative to Obamacare

                  

Health care can be cheaper without ruining the entire system with a nationalized, socialized version.

                       

One way in accomplishing this, would be for doctors and hospitals to set their bills at the lowest rates now being charged insurance companies. That discount would be given to the non-insured. That usually is a fraction of what the insured now pay.

                       

Those who cannot afford to pay can get free government vouchers. (See the Earl J. Weinreb NewsHole® comments and

@BusinessNewshole at Twitter.)

Uncontrolled Medicare and Medicaid Fraud

                   

Medicare fraud is estimated to be over $60 billion each year. Widespread criminal operations go mostly unchecked because of poor government oversight. Criminality employs use of dead doctor reports, fake patients and non-existent treatments.

Practices also  involve billing for nonexistent or unnecessary services, kickbacks and inflated costs.

                       

With all this, how is the government going to undertake a massive health insurance plan that will entail one sixth of our entire economy? (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

Where College Diplomas Fail

                  

The old mantra: Go to college and get a diploma or you won’t get a good paying job, falls far short of reality.

                       

The snake oil used to keep the myth going: You see number comparisons of college degrees of today’s youth, compared to the numbers gathered by their parents or earlier generations.The younger folks have more degrees. They must be smarter and have good jobs.

                       

A college degree has thus become a solution for what ails the American citizenry and economy.

                       

Rubbish! No report on the subject is broken down to what today’s college degrees are worth in terms of knowledge, nor job practicality..

                       

What do you do when looking for a job with an-easy-to-get degree in social science or political history? Or tennis? or whatever subject today’s kids take for the years they lounge about on campus, while wasting their parents’ tuition and taxpayer subsidy funds.

                       

In the past, youngsters learned trades, often without fancy college diplomas to hang on the walls. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)