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What Are The Major Factors Driving Retinal Biologics Market Growth?
The Retinal Biologics Market is experiencing a surge in demand, fueled by advancements in eye disease treatments and a growing emphasis on vision health. According to a recent analysis by Future Market Insights (FMI), a leading market research firm, the market is currently valued at an impressive US$22.25 billion in 2022. Looking ahead, the market is projected to witness a remarkable Compound Annual Growth Rate (CAGR) of 11.1% over the next six years. This translates to a staggering market valuation of US$41.92 billion by 2028, highlighting the significant potential of retinal biologics in revolutionizing eye care.The remarkable expansion of the Global Retinal Biologics sector is fueled by advancements in technology, innovative research, and a growing demand for cutting-edge treatments. As the industry continues to evolve, it presents unprecedented opportunities for stakeholders, investors, and healthcare professionals alike.Key Retinal Biologics Market Insights:
Rising Prevalence of Diabetes-related Eye Disorders and Age-related Macular Degeneration (AMD) The prevalence of diabetes-related eye disorders and age-related macular degeneration is on the rise, underscoring the growing need for innovative solutions within the Retinal Biologics Industry.Substantial Investment in R&D for Biologics in Retinal Disorders The industry is witnessing a significant influx of research and development resources, aimed at advancing biologics for both infectious and non-infectious retinal disorders. This investment underscores the commitment to addressing unmet medical needs.
Emergence of Specific Biologic Molecules as Therapeutic Targets Specific biologic molecules are gaining prominence as highly promising therapeutic targets, offering new hope for patients with retinal conditions.Gene Therapy as a Solution for Monogenic Retinal Illnesses With a growing number of monogenic retinal illnesses, gene therapy is emerging as a pivotal component of the Retinal Biologics Market, presenting innovative solutions for these challenging conditions.
Request a Sample Copy of This Report Now.https://www.futuremarketinsights.com/reports/sample/rep-gb-8663
#The Retinal Biologics Market is experiencing a surge in demand#fueled by advancements in eye disease treatments and a growing emphasis on vision health. According to a recent analysis by Future Market I#a leading market research firm#the market is currently valued at an impressive US$22.25 billion in 2022. Looking ahead#the market is projected to witness a remarkable Compound Annual Growth Rate (CAGR) of 11.1% over the next six years. This translates to a s#highlighting the significant potential of retinal biologics in revolutionizing eye care.The remarkable expansion of the Global Retinal Biol#innovative research#and a growing demand for cutting-edge treatments. As the industry continues to evolve#it presents unprecedented opportunities for stakeholders#investors#and healthcare professionals alike.Key Retinal Biologics Market Insights:Rising Prevalence of Diabetes-related Eye Disorders and Age-relate#underscoring the growing need for innovative solutions within the Retinal Biologics Industry.Substantial Investment in R&D for Biologics in#aimed at advancing biologics for both infectious and non-infectious retinal disorders. This investment underscores the commitment to addres#offering new hope for patients with retinal conditions.Gene Therapy as a Solution for Monogenic Retinal Illnesses With a growing number of#gene therapy is emerging as a pivotal component of the Retinal Biologics Market#presenting innovative solutions for these challenging conditions.Request a Sample Copy of This Report Now.https://www.futuremarketinsights.#institutional sales in the Retinal Biologics Industry#where Retinal Biologics are supplied in speciality clinics and hospitals#will generate higher revenues. In 2018#hospital sales accounted for more than 35% of market revenue.According to the report#retail sales of Retinal Biologics will generate comparable revenues to hospital sales and will expand at an 11.9% annual rate in 2019. Reta#with retail pharmacies generating more money than their counterparts in the future years.Penetration in North America Higher#APEJ’s Attractiveness to IncreaseNorth America continues to be the market leader in Retinal Biologics revenue. According to FMI estimates#North America accounted for more than 46% of global Retinal Biologics Industry revenues in 2018. Revenues in North America are predicted to#continuous growth in the healthcare infrastructure#and a favourable reimbursement scenario.Europe accounted for about one-fourth of the Retinal Biologics market#with Western European countries such as Germany#the United Kingdom#France#Italy
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In East African countries including Tanzania, solar energy firm Zola Electric has a solution to power supply that ignores national grids. Instead of connecting solar panel farms to nationwide power systems, it wants to create independent "mini-grids" for villages and other communities. Zola's chief executive Bill Lenihan says we need to "move beyond legacy ways of thinking about energy access, especially in Africa". He adds that in emerging markets, alongside moving from fossil fuels to renewables, people are thinking that having a single energy grid may not work. "Everyone in their minds was saying: 'We're going to build a grid.' Well you are not building grids. One hundred years later in places like Africa people don't have access to working grids, and they are not going to get working grids, because it is a flawed technology for emerging markets. This isn't controversial to say this any more."
Julia Fish, ‘South Africa turns to solar to help stop power cuts’, BBC
#BBC#Julia Fish#East African countries#Tanzania#Zola Electric#Bill Lenihan#emerging markets#renewable energy
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Ethiopia's Debut at the BRICS Summit 2024: A New Chapter in Global Diplomacy
Ethiopia's historic debut at the 2024 BRICS Summit in Kazan, Russia, marks a significant milestone. Discover the key discussions, outcomes, and implications of this event for Ethiopia and the global stage.
Ethiopia’s participation in the 2024 BRICS Summit, held in Kazan, Russia, marked a significant milestone in the country’s foreign policy. Ethiopia is a newly inducted member of the influential bloc. It joined Brazil, Russia, India, China, and South Africa to shape the global economic landscape. It also contributes to the political landscape. This blog post delves into the key discussions,…
#•#BRICS Countries#BRICS De-dollarization#BRICS economic bloc#BRICS economy#BRICS Emerging Economies#BRICS Emerging Market#BRICS Expansion#BRICS Summit#BRICS Summit 2024#BRICS Summit 2024 Kazan Russia#BRICS Sustainable Development#Diplomatic Relations#Economic Development#Ethiopia BRICS Countries#Global Cooperation#South-South Cooperation
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Unlocking the power of public investment to foster economic growth.
Progress toward achieving the Sustainable Development Goals (SDGs) requires urgent and substantial scaling up of investment. While the estimates of the funding required to bridge these investment gaps in emerging market and developing economies (EMDEs) vary across studies, they generally amount to trillions of dollars per year. Thus, UNCTAD’s latest estimate of the aggregate investment gap faced by EMDEs to meet SDGs stands at a staggering $4 trillion per year.
Low-income countries (LICs) have particularly hefty investment needs because of their enormous infrastructure gaps in areas critical for sustainable development. For instance, in the past decade, less than one-third of the population in LICs had access to electricity and basic sanitation (figure 1.A).
These countries also face greater challenges in building resilience to climate change and meeting the green transition objectives. By some estimates, an average annual investment of as much as 8 percent of GDP through 2030 is needed to address these issues in LICs—significantly more than in other EMDEs (figure 1.B).
Figure 1. Investment gaps in EMDEs
Sources: World Development Indicators (WDI), World Bank; World Bank (2022). Note: AEs = advanced economies; EMDEs = emerging market and developing economies; LICs = low-income countries. A. 2013-23 averages. Bars show percent of the population with access to electricity, minimally adequate drinking water, basic sanitation facilities, and the number of hospital beds available per 1,000 people. B. Estimates of the annual investment needs to build resilience to climate change and put countries on track to reduce emissions by 70 percent by 2050. Compounding these challenges, domestic investment—gross fixed capital formation—in EMDEs has been in a prolonged and broad-based slump over the past decade. Average annual growth of investment in EMDEs halved, decelerating from 10 percent per year in the 2000s to just 5 percent in the 2010s (figure 2).
Figure 2. Average annual investment growth
Sources: Feenstra et al. (2015); Haver Analytics; World Development Indicators (WDI), World Bank. Note: EMDEs = emerging market and developing economies. Investment growth averages are calculated using GDP weights at average 2010-19 prices and market exchange rates. Sample includes up to 103 economies, of which 68 are EMDEs.
Public investment can play an important role in mobilizing private capital and facilitating economic growth.
Public investment can be a powerful policy lever to help ignite growth. However, these positive effects are not guaranteed. They critically depend on conducive structural conditions. In particular, new empirical analysis suggests that the effects of public investment depend on government spending efficiency and availability of fiscal space—government’s budget resources that can be spent without jeopardizing a country’s fiscal sustainability and macroeconomic stability. While scaling up of public investment in EMDEs by one percent of GDP can increase output by up to 1.2 percent over five years, on average, in countries with ample fiscal space and efficient government spending the effect is much greater, reaching up to 1.6 percent over the same period (figure 3.A).
What’s more, public investment can play a pivotal role in catalyzing private investment and boosting productivity. In response to an increase in public investment by one percent of GDP, private investment in EMDEs can increase by up to 2.2 percent and total factor productivity by up to 0.8 percent over five years, on average (figure 3.B). This is particularly important for promoting long-run (potential) economic growth in EMDEs, which has slowed sharply and is expected to remain weak over the rest of this decade.
Figure 3. Macroeconomic effects of public investment in EMDEs
Sources: Adarov, Clements, and Jalles (forthcoming); World Bank. Note: Responses of macroeconomic variables to a public investment equivalent to one percent of GDP. Bars indicate peak responses at the 5-year horizon. A. Increase in the level of real GDP relative to the year before the shock, in percent. *** indicates statistical significance at the one-percent level. Large-fiscal space and small-fiscal space responses are based on local projections with the smooth transition function that uses the public-debt-to-GDP ratio as the conditioning variable. High-efficiency and low-efficiency samples are based on the top and bottom quartiles of the public infrastructure efficiency index (IMF 2021). B. Bars show increase in the level of private investment (gross fixed capital formation), potential output, and total factor productivity relative to the year before the shock, in percent. Whiskers indicate 90-percent confidence intervals.
Harnessing the benefits of public investment requires a comprehensive policy effort.
In EMDEs, especially in LICs, public investment efficiency tends to be substantially lower than in advanced economies (figure 4.A). With the government debt escalating to the levels above 60 percent of GDP over the last several years, their fiscal space has also decreased significantly (figure 4.B). To enable public investment and maximize its positive effects, EMDEs need to undertake wide-ranging policy reforms. While specific policy interventions depend on individual country circumstances, three overarching policy priorities are relevant for all EMDEs: expansion of fiscal space, efficiency of public investment, and enhanced global support. The latter is crucial for LICs with deep structural challenges, vast infrastructure gaps, limited fiscal resources and capacity to undertake the needed reforms on their own. Coordinated financial support and technical assistance are both needed to accelerate structural reforms in these countries and help them build robust foundations for sustainable economic growth and development. These policies are discussed in detail in Chapter 3 of the June 2024 Global Economic Prospects report.
Figure 4. Fiscal space and spending efficiency
Sources: International Monetary Fund; Kose et al. (2022); World Bank. Note: EMDEs = emerging market and developing economies; LICs = low-income countries. A. Bars show group medians of the IMF (2021) public infrastructure efficiency index. Sample includes 27 advanced economies and 93 EMDEs, of which 15 are LICs. B. Aggregates are computed as weighted averages with nominal GDP in U.S. dollars as weights. Data for the 2020s cover 2020-23. Sample includes up to 153 EMDEs, including 23 LICs.
Unlocking the power of public investment to foster economic growth
#investment gaps#low income countries#emerging markets#public infrastructure efficiency index#International Monetary Fund#Average annual growth of investment#Macroeconomic#world bank#economic growth#public investments#sustainable development#Coordinated financial support
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How the Development of Luxury Goods Thrifting Culture in Europe?
The development of luxury goods thrifting in Europe has seen a remarkable transformation over the past decade, evolving from niche market segments into mainstream shopping phenomena. This growth can be attributed to several factors, including increased environmental awareness, economic factors, and the rise of digital platforms dedicated to this sector. The market for second-hand luxury goods in…
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#europe major contributors of second hand product#how emerging country are into second hand luxury brand product#how luxury brand now are into resale market#how much money to save when purchasing second hand luxury online#how online luxury thrifting are able to save more money#how resale market help emerging countries and market to access luxury brand in affordable pricing#how the luxury brand able to explore more on second hand market#luxury products thrifting in europe#online luxury goods thrifting#sustainable approach to luxury brand thrifting#why europe is the central of luxury brand products#why shopping luxury thrifting are saving envirnnntment
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UIIC (USA, Indonesia, India, China): Four Countries Make Up Half the World's Population
In a world where countries are diverse and cultures vary greatly, there are four nations that stand out due to their sheer population size. The United States, Indonesia, India, and China, collectively known as the UIIC countries, are home to approximately half of the world's population. This article delves into the significance of these nations, their impact on global demographics, and the unique challenges and opportunities they face.
The United States: A Melting Pot of Cultures and Ideas
The United States, with a population exceeding 330 million people, remains one of the most influential and economically powerful countries in the world. Renowned for its "melting pot" of cultures and diverse demographics, the U.S. has been a beacon of opportunity for individuals from all walks of life. People flock to its shores in pursuit of the American Dream, seeking better opportunities, freedom, and a chance to contribute to its vibrant society.
Beyond its vast population, the United States has left an indelible mark on global culture, politics, and technology. It has been at the forefront of scientific and technological innovations, fostering advancements in fields such as space exploration, medicine, and information technology. Furthermore, its entertainment industry, centered in Hollywood, has captivated audiences worldwide, shaping popular culture and influencing trends in music, film, and fashion.
Indonesia: A Rising Economic Power in Southeast Asia
With a population of over 270 million people, Indonesia stands as the fourth-most populous nation on the planet. Spanning thousands of islands, Indonesia boasts a rich tapestry of cultures, languages, and traditions. Its diversity is a testament to the country's vibrant heritage and harmonious coexistence.
In recent years, Indonesia has experienced significant economic growth, propelling it to become a rising star in Southeast Asia. The nation's abundant natural resources, strategic location, and young and dynamic workforce have attracted substantial foreign investment. Indonesia's economic trajectory, coupled with its commitment to sustainable development, positions it as an important player in regional and global markets.
India: A Land of Diversity and Rapid Development
India, the world's second-most populous country, surpasses the 1.3 billion mark in population. This vast and diverse nation is a tapestry of languages, religions, and cultural practices. Its ancient civilization and rich history have contributed to a deep sense of cultural pride and identity.
In recent decades, India has undergone remarkable economic growth, transforming itself into one of the fastest-growing major economies. The country's demographic dividend, characterized by a large and young workforce, has been a driving force behind its economic rise. India has emerged as a global leader in the information technology and services sectors, with its bustling cities serving as hubs for innovation and entrepreneurship.
Despite its rapid development, India faces unique challenges related to poverty, inequality, and infrastructure development. However, the government and various stakeholders are actively working towards inclusive growth, social welfare programs, and sustainable development to address these issues.
China: A Giant on the Global Stage
China, with a population approaching 1.4 billion, stands as the most populous country in the world. Its ancient civilization, remarkable cultural heritage, and rapid economic rise have captivated the attention of the international community. China's influence extends far beyond its borders, impacting global trade, geopolitical affairs, and technological advancements.
China's manufacturing capabilities have been unparalleled, making it the world's factory. Its infrastructure development projects, such as the Belt and Road Initiative, have linked nations across continents, fostering connectivity and enhancing global trade. Moreover, China has made significant investments in emerging technologies, including artificial intelligence, renewable energy, and space exploration, positioning itself as a formidable player in the Fourth Industrial Revolution.
Challenges and Opportunities for the UIIC Countries
While the UIIC countries collectively represent a significant portion of the world's population, they also face unique challenges and opportunities:
Managing Urbanization and Infrastructure: As these countries continue to experience population growth and rapid urbanization, managing sustainable infrastructure development becomes paramount. Balancing economic progress with environmental considerations and social stability poses a complex challenge that requires innovative solutions.
Healthcare and Social Welfare: With large populations comes the responsibility of providing adequate healthcare and social welfare services. Ensuring access to quality education, healthcare facilities, and social safety nets is essential to promote overall well-being and reduce disparities within these nations.
Technological Advancements: The UIIC countries are at the forefront of technological innovation and advancement. Embracing emerging technologies such as artificial intelligence, blockchain, renewable energy, and digital connectivity can drive economic growth, increase productivity, and improve the quality of life for their citizens.
Global Cooperation and Diplomacy: As influential nations, the UIIC countries play a vital role in global cooperation and diplomacy. Collaborative efforts in addressing global challenges such as climate change, cybersecurity, and economic inequality are essential for a sustainable and prosperous future.
Conclusion
The UIIC countries, comprising the United States, Indonesia, India, and China, collectively represent an astounding portion of the world's population and exert immense influence on the global stage. Each of these nations brings unique characteristics, challenges, and opportunities to the table, and understanding their significance and fostering cooperation among them can pave the way for a more prosperous and inclusive world. As these countries continue to evolve, their impact on global demographics, economy, and culture is set to be profound.
United States: As the third most populous country globally, the United States holds a prominent position in shaping the global landscape. Its democratic values, entrepreneurial spirit, and cultural diversity have made it a beacon of opportunity and innovation. The United States has long been at the forefront of scientific research, technological advancements, and economic prowess. It boasts some of the world's leading universities, research institutions, and corporations, driving breakthroughs in various fields, including healthcare, information technology, and renewable energy. Additionally, its robust entertainment industry has garnered a global following, exporting music, movies, and popular culture that resonate across borders.
Indonesia: With the fourth-largest population in the world, Indonesia is an archipelago nation that spans thousands of islands, each contributing to its rich cultural heritage. As a rising economic power in Southeast Asia, Indonesia's vibrant markets and burgeoning middle class present significant opportunities for both domestic and international businesses. The country's young and dynamic workforce, coupled with its vast natural resources, make it an attractive destination for foreign investments. However, Indonesia faces challenges in infrastructure development, poverty alleviation, and maintaining environmental sustainability. By addressing these issues and promoting inclusive growth, Indonesia can harness its potential and become an even stronger player in the global economy.
India: As the world's second-most populous country, India's cultural diversity, ancient history, and rapid development make it a force to be reckoned with. India's large and youthful population has propelled it to become one of the fastest-growing major economies. The country has embraced information technology and services, with cities like Bangalore emerging as global technology hubs. India's robust startup ecosystem has given rise to innovative solutions in various sectors, including fintech, e-commerce, and healthcare. However, India grapples with challenges such as poverty, infrastructure gaps, and social inequalities. By addressing these issues, investing in education, and leveraging its demographic dividend, India can chart a course towards sustainable and inclusive development.
China: With the world's largest population, China's rise as a global economic powerhouse has been nothing short of remarkable. Over the past few decades, China has experienced unprecedented economic growth, lifting hundreds of millions of people out of poverty. Its manufacturing capabilities, infrastructure development projects, and investments in technology have made it a major player in the global market. China's Belt and Road Initiative, an ambitious infrastructure program, aims to enhance connectivity and promote economic cooperation across continents. The nation's commitment to research and development has propelled it to the forefront of emerging technologies, such as artificial intelligence and renewable energy. However, China faces challenges related to environmental degradation, social inequality, and human rights concerns. Addressing these challenges while continuing to foster innovation and sustainable development will shape China's role in the global community.
The significance of the UIIC countries extends beyond their sheer population size. Their collective influence spans across various domains, including trade, politics, culture, and technological advancements. Cooperation among these nations can drive progress in addressing global challenges such as climate change, cybersecurity, and economic inequality. By sharing best practices, collaborating on research and development, and promoting cultural exchange, the UIIC countries can foster a more interconnected and harmonious world.
Furthermore, the UIIC countries' impact on global demographics cannot be overstated. Their population dynamics, urbanization patterns, and social trends shape global migration, labor markets, and cultural exchanges. As these countries continue to evolve, their demographic shifts will have ripple effects on regional and global economies, healthcare systems, and social welfare policies.
In terms of the global economy, the UIIC countries serve as major engines of growth and consumption. Their domestic markets and investments influence industries ranging from technology and finance to manufacturing and entertainment. Moreover, their economic policies, trade agreements, and geopolitical relations have far-reaching implications for global trade and financial stability.
Culturally, the UIIC countries contribute to the world's cultural tapestry through their arts, languages, cuisines, and traditions. Their vibrant cultures and diverse populations enrich global cultural exchanges, promoting understanding, tolerance, and appreciation of different perspectives.
In conclusion, the UIIC countries - the United States, Indonesia, India, and China - collectively represent half of the world's population and play a pivotal role in shaping the global landscape. Their unique characteristics, challenges, and opportunities present a rich tapestry of potential for collaboration and progress. By understanding their significance, fostering cooperation, and addressing shared challenges, we can work towards a more prosperous, inclusive, and interconnected world. The impact of the UIIC countries on global demographics, economy, and culture will undoubtedly be profound as they continue to evolve and shape the future of our interconnected world.
#UIIC countries population size#Significance of UIIC nations#UIIC countries' impact on global demographics#United States population and influence#Indonesia's rising economic power in Southeast Asia#India's rapid development and diverse population#China's role as a global giant#Challenges and opportunities for UIIC nations#Cooperation among UIIC countries#UIIC countries shaping the global landscape#United States and its cultural diversity#Indonesia's potential for economic growth#India's demographic dividend#China's manufacturing capabilities and infrastructure development#UIIC countries' impact on global trade#United States' technological advancements#Indonesia's middle class and market opportunities#India's IT and services sector growth#China's investments in emerging technologies#Sustainable development in UIIC countries#UIIC countries' role in global cooperation and diplomacy#Urbanization and infrastructure challenges in UIIC nations#Healthcare and social welfare in UIIC countries#Technological advancements in UIIC nations#Global cooperation for a prosperous future#UIIC countries' influence on global culture#Inclusive growth in UIIC nations#UIIC countries' impact on global economy#Cultural exchanges among UIIC nations#Demographic shifts and global implications of UIIC countries
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Yandere! Yakuza x Reader
I've been plagued by this idea for a while, so let me know what you think! This is just the character introduction. Your new landlord is a Yakuza boss, and his scary looking underling has been tasked to deal with your tenant needs! Although he didn't expect you to be this cute. And you didn't expect him to be this unhinged.
Content: female reader, violence, mentions of stalking
[Part 2] | [Yakuza Masterlist]
This was the last straw.
You're angrily stuffing your suitcase with necessities before the moving company arrives. Each glimpse around the cramped apartment fills you with outrage, as you're still heavily shaken from the events of last night.
You first begun to suspect you might have a stalker when you found your outer lock with a fresh dent in it. You then picked a small scrap from the ground nearby and assumed it was leftover damage, but upon further inspection you discovered, disgusted, that it was part of your peephole. Someone must've fiddled with your door a fair amount. You tried to approach your immediate neighbors for help, but they either refused to answer your persistent knocks or downright scurried away when faced with your questions. They didn't want to deal with a foreigner.
You tried to put it behind you. The police advised you to be cautions, as there was nothing else they could do without concrete evidence. And thankfully, you had several peaceful weeks following the incident. Last night you were suddenly awakened by faint scratches coming from your balcony. You groggily got up and wondered if your recently added bird feeder was attracting nocturnal visitors. You got up without turning on the light, hoping to catch a glimpse of the mysterious animal. As you pulled the drape, however, you were met with the large frame of a man plucking your laundry in a hurry.
A panicked scream erupted from the depths of your chest and you slapped the light switch, erratically searching for your phone. By the time you dialed emergency, the intruder had vanished. You were sobbing against the wall under the fake reassurances of the operator, eyeing the sliding door that had no lock. Had he wished, the masked man could've easily invited himself in. You were at the mercy of a lunatic and no one seemed to be impressed by your situation.
No more. Ideally you'd go back to your home country and forget about your plans to build yourself a life in Japan. What were you even thinking? A lonely girl, low on funds, signing a contract to be relocated across the ocean for work. You barely scraped the first months of a mandatory year.
You close your suitcase with a satisfying click and on your way out you wipe the table of all the newspaper clippings. You've been scanning the potential offers on the market. The ones within your budget, of course, which means you don't have to worry about being picky. Until you find a new place, your belongings can wait in storage. Dusty furniture is a better prospect than waking up with a pervert looming over you.
By the time the clock hits evening hours, you're sipping on your iced coffee with a defeated sigh. Most of the cheap apartments seem to be given to locals. Not outsiders like you. At least they spared you of the false hopes and curtly told you to not expect any call back, so you can swiftly move on to the next circled address. You pull out the crumbled sheet of paper from your pocket. Reading over your list of crossed out lines like this deflates you greatly. At the very bottom lies your final hope: the ad you'd stumbled upon this morning was too good to be true and the realtor was available for viewing at any time, so you're almost certain it's some sort of scam. Yet you can't afford to skip it, can you? You stand up, pat your jeans and take a deep breath in.
As you check your phone to confirm the location, you begin to doubt your decision. It's hard to believe no other potential renters have showed up. The apartment is in a convenient area, very close to public transport, at a great price, on what looks like a busy street. Isn't it the dream? So why? You glance around, examining the surroundings. The shops are bustling with people. You try to come up with possible explanations, when a deep voice startles you.
"You must be (Y/N), right? You sure are easy to spot."
You turn around to greet the person. Although the second you spot him, you take an unconscious step back. You'd expected a middle aged man dressed in formal attire with a shy bow and clumsy movements. The one standing before you resembles none of that. He's imposingly tall, with a muscular built and slicked back hair. You can discern the tattoos peeking out from under the rolled up sleeves. His face has multiple deep scars and you can only assume that the pale, discolored eye that's transfixed in one direction is a fake made of glass. One might call him handsome, if you're into the kind of appearance you see in documentaries about the mafia.
"Y-you're the landlord?" You stutter, immediately covering your mouth and regretting your lack of tact.
"Nuh uh, Boss sent me to deal with it." He flashes you a genuine grin, completely unperturbed by your offhanded implication. "I'm Daitou."
He continues towards the entrance and you follow behind, too awkward to back down now. He describes the living quarters with surprising enthusiasm. If you were to close your eyes and disregard his heavy Kansai accent, you could very well be convinced it's a professional real estate agent hard at work.
"Excuse me for asking, but..." Once he finishes his marketing presentation, you cannot help the increasing anxiety. "What's the catch?"
"Huh?"
"For something like this to be so cheap...and no one else being interested...may I be frank and ask what's wrong with it? Please understand, I just left my previous apartment because of a stalker. I don't want to be packing again anytime soon."
"Well, isn't it obvious?" He searches your gaze for a moment, before gasping as if remembering something. "Wait, you're a foreigner, so I guess you don't know. Ah, that explains it."
He lets out a hearty laugh, satisfied with his conclusion.
"You didn't notice anything strange outside?"
You ponder his question before slowly shaking your head in denial.
"Really? A bunch of heavily tattooed guys with family pins on their suits...This is a yakuza quarter. Our Family owns most businesses here. But lately we've had a lot of police on our backs, ya know? Bound to happen when the street is swarming with us. So Boss had this great idea - he's smart like that, ya know, I've never been the bright one - anyways, he suggested we rent some of our housing to regular civilians. Less suspicious that way."
He crosses his arms and nods to himself proudly.
"I myself think it's a great deal. You won't find anything cheaper for the kind of stuff you're getting. All you have to do is, you know, mind your business. If some weasel questions you, no Sir, you haven't seen or heard anything suspicious. That's all."
You can only stare wide eyed, somewhat taken aback by his honesty.
"Uh...Are you sure you were supposed to tell me all of this? I feel we're skipping some steps before admitting to organized crime."
Now it's his turn to consider your inquiry.
"Probably not, but I'm not good with words. You look like a smart girl, so I thought I won't sugarcoat it. I'm sure you already know that if you leave and rat us out I'll be throwing your chopped up remains in the nearby river. Or would you want to be shipped home instead? I'm a nice guy like that, hehe."
You return a crooked smile and purse your lips in the process. You'd rather not learn the percentage of truth in his humor anytime soon.
"You mentioned a stalker? I can guarantee you he won't follow here, miss. And if he's that dumb to wander on our turf, well, me and my guys always hang around the block. Leave him to me and I'll bring you his teeth in a box."
"I-...Why teeth of all the things?"
"Just easier to pull out, ya know." He winks and reaches for his back pocket, revealing an old pair of pliers with childish delight. "See, I'm a bit of a handyman, so I always have some tools on me."
Strangely enough, you're not as terrified as you would expect from someone in your shoes. Certainly your knees are weaker when compared to your pre-encounter state, but there's something about his demeanor that doesn't feel malicious or threatening. Like conversing with an old friend at a pub.
"Will I truly not get in trouble? You guys do your thing and I'm 100% not involved?"
"You have my word." And with that, as if closing the sale of his lifetime, he confidently slaps a stack of papers on the nearby counter and hands you a pen. "You already have my number, if anyone pisses you off just hit me up and I'll be at your service. Boss left everything to me."
No perverts and less of your monthly allowance going towards rent. Maybe it's your despair talking, but you've been persuaded nonetheless. You scribble your name in the designated field and shove the documents towards your new acquaintance.
"Pleasure doing business with you, miss (Y/N)." He cheerfully dangles the keys before dropping them in your hand and heads for the door.
"Oh, is shipping included in the rent?"
He stops and turns to you, mildly confused.
"You said if I mess up you'll ship my remains home. Do I pay for the postage myself, or is that part of the monthly tax?" You ask with a cheeky grin.
His eyes narrow in delight and you can tell he's greatly amused by your words.
"Nah, consider it a gift from me. Gotta treat a lady nice, 'specially if it's a pretty one like you."
And with that, you're alone again. You look around the room, trying to visualize your new home. It's already getting dark outside. Now that you've had the situation explained to you, you can definitely see what Daitou meant. There's the occasional police officer patrolling the street, and plenty of men dressed in similar fashion walking in small groups.
"And?"
Outside the building, a young man is leaning against the wall with a cigarette in his mouth. He seems to have been waiting for Daitou.
"It's done. Some cute foreigner is moving in." He lifts an arm in a flexing motion, patting his bicep in a congratulatory manner. "Boss will be surprised, eh?"
"You're fucking with me."
"What? You wanna go back upstairs and check?" He responds, appalled. "Might've taken longer than expected, but I told ya I can manage!"
"Are you sure you didn't threaten her or something? I still don't know what Boss was thinking when he asked a nutcase like you to deal with the civvies."
"Hey hey hey, I may not be all fancy speaking like you or Kazuya, but I'm not dumb. Matter of fact, she already signed the papers."
"I never said you're dumb. Just batshit crazy." The young man sighs and flicks his cigarette butt away, stomping on it.
"Let's go and tell the others."
#yandere#yandere x reader#yandere x you#yandere x darling#female reader#yandere yakuza#yakuza x reader#yandere imagine#yandere imagines#yandere oc#yandere original character#yandere mafia#mafia x reader#original work#oc x reader#male yandere x reader#x reader
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Employers desire foreign workers who are accustomed to the hazardous work sites of industrial construction; in particular, they specifically solicit migrants who do not have a history of labor organizing within SWANA. In response, labor brokerage firms brand themselves as offering migrant workers who are deferential. Often, labor brokers conflate the category of South Asian with docility; [...] as inherently passive, disciplined, and, most important, unfettered by volatile working conditions. "We say quality, they [U.S. employers] say seasoned. We both know what it means. Workers who are not going to quit, not going to run away in the foreign country and do as they are told.” [...]
For migrants, the U.S. oil industry presents a rare chance to apply their existing skill set in a country with options for permanent residency and sponsorship of family members. Migrants wish to find an end to their temporary worker status; they imagine the United States as a liberal economy in which labor standards are enforced and there are opportunities for citizenship and building a life for their family. [...] What brokers fail to explain is that South Asian migrants are being recruited as guest workers. Migrants will not have access to U.S. citizenship or visas for family members; in fact, their employment status will be quite similar to their SWANA migration.
While nations such as the Philippines have both state-mandated and independent migrant rights agencies, the Indian government has minimal avenues for worker protection. These are limited to hotlines for reporting abusive foreign employers and Indian consulates located in a few select countries of the SWANA region. [... Brokers] emphasize the docility of Indian migrants in comparison to the disruptive tendencies of other Asian migrant workers. [...] “Some of these Filipino men you see make a lot of trouble in the Arab countries. Even their women, who work as maids and such, lash out. The employer says one wrong thing and the workers get the whole country [the Philippines] on the street. [...] But you don’t see our people creating a tamasha [spectacle] overseas.” [...] Just as Filipinx migrants are racialized to be undisciplined labor, Indian brokers construct divisions within the South Asian workforce to promote the primacy of their own firms. In particular, Pakistani workers are racialized as an abrasive population.
[...] While the public image of the South Asian American community remains as model minorities, presumed to be primarily upwardly mobile professionals, the global reality of the population is quite to the contrary. [...] From the historic colonial routes initiated by British occupation of South Asia to the emergence of energy markets within the countries of SWANA, migrants have been recruited to build industries by contributing their labor to construction projects. Within the last decade, these South Asian migrants, with experience in the SWANA oil industry, have been actively solicited as guest workers into the energy sector of the United States. The growth of hydraulic fracturing has opened new territory for oil extraction; capitalizing on the potential market are numerous stakeholders who have invested in industrial construction projects across the southwestern United States. The solicitation of South Asian construction workers is not coincidental. [...] Kartik, a globally competitive firm’s broker, explains the connection of Indian labor to practices of the past. “You know we come from a long history of working in foreign lands. Even the British used to send us to Africa and the Arab regions to work in the mines and oil fields. It’s part of our history.”
Seasoning Labor: Contemporary South Asian Migrations and the Racialization of Immigrant Workers, Saunjuhi Verma in the Journal of Asian American Studies
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People need to be reminded of Trump's woeful incompetence which came to a head during the pandemic emergency and resulted in the unnecessary deaths of hundreds of thousands of Americans.
The Obama administration successfully dealt with the threats from swine flu and Ebola. There was no swine flu disaster, there was no Ebola disaster, and there was even no Zika disaster because competent people were running the US. Near the end of Obama's term, his National Security Council staff put together a 69-page playbook on how to deal with pandemic emergencies. It's called "Playbook for Early Response to High-Consequence Emerging Infectious Disease Threats and Biological Incidents". Of course Trump ignored the document and plunged the nation into COVID hell.
Trump team failed to follow NSC’s pandemic playbook
Michelle Obama, in one of her best speeches ever in Kalamazoo this weekend, excoriated Trump's incompetence.
Michelle Obama laced into Donald Trump in a searing speech in Michigan on Saturday, accusing the former president of “gross incompetence” and having an “amoral character” while challenging hesitant Americans to choose Kamala Harris for US president. “By every measure, she has demonstrated that she’s ready,” the former first lady told a rapt audience in Kalamazoo. “The real question is, as a country, are we ready for this moment?” [ ... ] In raw and strikingly personal terms, she asked why Harris was being held to a “higher standard” than her opponent. Trump’s handling of the Covid-19 pandemic and his failed attempt to cling to power after losing the 2020 election should alone be disqualifying, Obama argued. But now the people who worked closest with him when he was president – his former advisers and cabinet secretaries – had stepped forward with a warning that he should not be allowed to return to power.
ICYMI, here is Michelle Obama's speech in Michigan.
youtube
Too many people have been afflicted by Trumpnesia. They seem to have forgotten the catastrophe that happened starting on 22 January 2020 when the first COVID infection was discovered on US soil. On that day Trump told CNBC: "we have it totally under control" and "it's going to be just fine".
Instead of following Playbook for Early Response to High-Consequence Emerging Infectious Disease Threats and Biological Incidents, Trump did the usual bullshit Trump things like criticize the Oscars and rage-tweet from the bathroom. He belatedly declared a state of emergency on Friday the 13th of March – the day after the stock market crashed.
Don't let anybody in real life get away with describing the Trump years as some sort of utopia.
Some people disingenuously claim they don't know enough about Kamala Harris despite her 20 years in public service. We all know more than enough about Trump's egregious ineptitude which turned a national emergency into a prolonged national nightmare.
#michelle obama#kalamazoo#donald trump#trump's incompetence#trumpnesia#covid-19#coronavirus#pandemic emergency#playbook for early response to high-consequence emerging infectious disease threats and biological incidents#obama administration#kamala harris#election 2024#vote blue no matter who
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In my neighbourhood, people are busy. Every morning, they get up, and hop in their big cars to drive to their jobs. Sometimes they're too busy for coffee, so they all clog the main road outside my place waiting to turn into the Tim Hortons drive thru. After waiting there for way longer than it takes to make coffee, they're on their way to the office parking. In their haste, they have left something very valuable behind.
No, I'm not talking about the human soul. That kind of romantic shit is obsolete, save it for the next time the stock market implodes. What all these go-go careerists have abandoned in their homes is their dogs. Dogs that need to be walked. Dogs that need to be played with. Dogs that need to pee. To this problem have emerged the unique class of "dogwalkers."
When you pay a dog walker, they come to your house during the day, let themselves in, and extract your dog. Then, they enjoy the company of that dog, returning it once your pup is happy and tired out. For this, they charge you money. It is the perfect job, perhaps, except for the inconvenient fact that I don't like picking up poop. However, while I was cleaning my rusty subframe, a recent inhalation of some extremely warned-against solvents told me another idea: I could do this for cars.
You see, a lot of very rich people have very nice cars, ones that I could never afford. Porsches. Lamborghinis. Jaguars. Ford Focuses. And they let them sit. Sit and rot. This kind of boredom is not good for the car, whose rubber seals go dry, whose batteries go flat, and whose tires get vaguely square and unpleasant. They, too, need to be exercised. And that's exactly where I come in. For just fifty bucks an hour, I will let myself into your palatial mansion, beat the shit out of your sports automobile, and then put it back with the tank filled up (you're paying, of course.)
Trust me, too, that there will be plenty of "enrichment activities," such as taking the car to a race track or to heads-up no-prep drags in Mexico. This will help the car learn proper behaviour and socialization around other rich people's cars, which will reduce the chance that the valet at the country club will scoff at how you have ten-year-old tires on your exotic seven-figure race car and no evidence of having bombed an FIA curb at the better part of two hundred kilometres an hour.
Sign up with me today, and I might even drive you to work in your own car once or twice. That's the kind of experience that usually costs double – and it will for you, too.
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I do think it's funny when someone claims that the defining criterion of socialism is all production being organised directly under the state. Like... what about communes, exactly? Not even referencing the ubiquity of private enterprise in the supposedly 'pure' anti-revisionist darling periods, how does this view manage even the very basic feature of the cooperation of collective and public enterprise and market economy therein?
Perhaps, this feature, something necessarily an accomodation towards the peasantry, not foreseen by those early Marxist theorists who never themselves saw or organised a socialist state or revolution, exists as a genuine form of socialism despite not being precisely in-line with earlier theory! What a concept, that Marxism may not, in fact, be a dogma, but a method of work and method of thought!
Surely not. In fact, since the socialist states didn't emerge first in the most developed countries, and since they didn't immediately abolish the standing military, they must all be impure, degenerate, false-socialism! The alternative, that past theorists were not prophets, and were in some cases incorrect, is unconscionable.
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American workers are dying, local businesses are reporting a drop in productivity, and the country's economy is losing billions all because of one problem: the heat. July was the hottest month on record on our planet, according to scientists. This entire summer, so far, has been marked by scorching temperatures for much of the U.S. South, with the thermometer reaching triple digits in several places in Texas between June and July. In that same period, at least two people died in the state while working under the stifling heat enveloping Texas, a 35-year-old utility lineman, and a 66-year-old USPS carrier. According to the Bureau of Labor Statistics, there were 36 work-related deaths due to environmental heat exposure in 2021, the latest data available. This was a drop from 56 deaths in 2020, and the lowest number since 2017. "Workers who are exposed to extreme heat or work in hot environments may be at risk of heat stress," Kathleen Conley, a spokesperson for the Centers for Disease Control and Prevention (CDC), told Newsweek. "Heat stress can result in heat stroke, heat exhaustion, heat cramps, or heat rashes. Heat can also increase the risk of injuries in workers as it may result in sweaty palms, fogged-up safety glasses, and dizziness. Burns may also occur as a result of accidental contact with hot surfaces or steam." While there is a minimum working temperature in the U.S., there's no maximum working temperature set by law at a federal level. The CDC makes recommendations for employers to avoid heat stress in the workplace, but these are not legally binding requirements. The Biden administration has tasked the Occupational Safety and Health Administration (OSHA) with updating its worker safety policies in light of the extreme heat. But the federal standards could take years to develop—leaving the issue in the hands of individual states. Things aren't moving nearly as fast as the emergency would require—and it's the politics around the way we look at work, the labor market, and the rights of workers in the U.S. that is slowing things down.
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BRICS Summit 2024 in Kazan, Russia: A New Era of Global Cooperation
The 2024 BRICS Summit in Kazan, Russia, marked a significant milestone for the world's leading emerging economies. This blog post delves into the key discussions, outcomes, and implications of this pivotal event. Learn how the BRICS nations are shaping th
Welcome to Haqiqa Global Business‘s blog, your go-to source for the latest insights and developments in the world of global business. Today, we’re diving into the significant outcomes and discussions from the BRICS Summit 2024 in Kazan, Russia. This landmark event has the potential to reshape the global economic and political landscape, offering exciting opportunities for entrepreneurs and…
#BRICS#BRICS Countries latest news and developments#BRICS Plus#BRICS Summit 2024#De-dollarization#Economic Growth#Emerging Economies#Emerging markets#Geopolitical Shifts#Global Cooperation#Global Governance#Global Trade and Investment:#Investment#Kazan Summit#New Development Bank#Sustainable Development#Technological Advancement
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ok only one person asked for this, but I'm really bored, so: memes about our government collapsing, here you go. feel free to ignore it otherwise, next post will be about more harbingers xD
But politics talk beyond this point- dw, I get it if you dont wanna see that
Context will be below the pictures- please keep in mind that german humor is...well, german. Also, I can't figure out how to post multiple pictures at once, so uh...this is gonna be a long one. ALSO look at the ALT text I tried my best to translate & give more context
So of course, everyone immediately started memeing about Lindner. Why? Because most of the country fucking hates the guy. I don't think I specified enough how awful he is. The current government is incredibly inneficient, and he's a major reason why. He's an ultra-capitalist, in love with a free market economy, frequently has temper tantrums in parliament, and is INCREDIBLY anti social. He wants higher pension ages, less subsidies for unemployed people, the works. What people are also making fun off is Scholz, our chancellor, who was practically nonexistent for the last 3 years, only to deliver a VICIOUS speech about how awful Lindner is. So yeah! Government collapse is fun if you have the right memes. Hope at least some of those were funny to you guys as well
thaaats most of the ones I could fit. Which brings me to: the context. oh my god where do i begin.
Okay, so, the german parliament is made out of multiple parties, right? When we have elections, the chancellor is from the party with the most votes, but they don't rule alone, because they need a majority (<50%), and we have so many parties that they don't get there. So, they have to form coalitions with the other parties. When they do that, the leaders of the other parties get to be in high positions as well. Every party that isn't in the coalition is the opposition.
More often than not, we have what is called a Grand Coalition- the two biggest parties, CDU and SPD. However, in our last elections (which was also the first time in 16 years that our chancellor changed), this did not happen. We instead got the so called traffic light coalition, made up of the SPD (winner, got the Chancellor), FDP (our other main protagonist in this story) and the Greens.
So, they've ruled for about 3 years now, and it's been an utter shitshow- because of multiple factors, of course, but one of the major ones was the FDP. See, the Greens and the SPD are (or, well, were, but thats for another story) more left leaning, ESPECIALLY on stuff like climate change, while the FDP are mostly focused on the economy. So, there's been lots of conflicts, and all the parties in the coalition, but especially the FDP, have lost immense support. The FDP to a point where they might not get ANY seats in parliament for the next election.
Now, some of our current biggest issues are inflation, climate change, and the war in Ukraine. I'm simplifying this to hell and back, but essentially, we have a so called debt-brake in our constitution, which means that the country cannot go over a certain amount of money. Sounds good, right? Well, not entirely. Right now, we are trying to go over this limit. See, the debt-brake has an intentional loophole, which says that in emergencies, you CAN go over it, like natural catastrophes (e.g. COVID).
Germany, right now, wants to fund our infrastrcuture, our military, Ukraine, and social subsidies. For this purpose, the SPD and Greens agreed to go over the limit. Except they can't, without the approval of their coalition partner, the FDP, and their finance minister, Lindner, who RUNS the FDP. They've been fighting about this for A WHILE, and yesterday, Scholz (the chancellor), gave Lindner an ultimatum: allow them to go over the limit, or get fired. Lindner asked for snap-elections instead, did not accept the proposal (which was already heavily in his favour) and got fired.
Which wouldn't be a problem is he was any common minister- but he's a coalition partner, so the coalition broke apart- and without the FDP, the SPD and the Greens alone do not hold a majority in parliament.
What this boils down to, is that we will likely have a minority-government (who will have BIG difficulties passing any laws) until January, and at the start of January, the Chancellor will call for a vote of confidence (yes, like in star wars), which he will lose. Meaning: Snap Elections in March (at the latest), less time for the parties to prepare their candidates, and MASSIVE profts for the right wing parties, which are currently leading in the polls.
#germany#ampelregierung#ampelkoalition#memes#german stuff#ampel aus#neuwahlen#christian lindner#olaf Scholz#fdp#robert habeck
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What is Haute Couture in Luxury Brand World?
Haute couture, a French term meaning “high sewing” or “high dressmaking,” epitomizes the pinnacle of luxury fashion. In the world of luxury brands, haute couture represents the epitome of bespoke fashion, characterized by meticulously handcrafted garments that cater to an elite clientele. The market for haute couture, although niche, plays a significant role in defining trends, influencing the…
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#haute couture and luxury brand world#haute couture and marketing for luxury brand#how haute couture able to create holistic brand experience for customer#how haute couture become globalize#how haute couture embrace sustainability#how haute couture is a vital marketing plan for luxury brand#how new emerging countries increasing the demand for haute couture globally#how sustainable become trend in haute couture market#how technology influence haute couture#how the opening many flagship cafe and restaurant in the Asia help haute couture expands to whole world#how the technological advancement help haute couture in recent times#what is haute couture#why haute couture market is exclusive
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The health industry’s invisible hand is a fist
On June 21, I'm doing an ONLINE READING for the LOCUS AWARDS at 16hPT. On June 22, I'll be in OAKLAND, CA for a panel and a keynote at the LOCUS AWARDS.
The US has the rich world's most expensive health care system, and that system delivers the worst health outcomes of any country in the rich world. Also, the US is unique in relying on market forces as the primary regulator of its health care system. All of these facts are related!
Capitalism's most dogmatic zealots have a mystical belief in the power of markets to "efficiently allocate" goods and services. For them, the process by which goods and services are offered and purchased performs a kind of vast, distributed computation that "discovers the price" of everything. Our decisions to accept or refuse prices are the data that feeds this distributed computer, and the signals these decisions send about our desires triggers investment decisions by sellers, which guides the whole system to "equilibrium" in which we are all better off.
There's some truth to this: when demand for something exceeds the supply, prices tend to go up. These higher prices tempt new sellers into the market, until demand is met and prices fall and production is stabilized at the level that meets demand.
But this elegant, self-regulating system rarely survives contact with reality. It's the kind of simplified model that works when we're hypothesizing about perfectly spherical cows of uniform density on a frictionless surface, but ceases to be useful when it encounters a messy world of imperfect rationality, imperfect information, monopolization, regulatory capture, and other unavoidable properties of reality.
For members of the "efficient market" cult, reality's stubborn refusal to behave the way it does in their thought experiments is a personal affront. Panged by cognitive dissonance, the cult members insist that any market failures in the real world are illusions caused by not doing capitalism hard enough. When deregulation and markets fail, the answer is always more deregulation and more markets.
That's the story of the American health industry in a nutshell. Rather than accepting that people won't shop for the best emergency room while unconscious in an ambulance, or that the "clearing price" of "not dying of cancer" is "infinity," the cult insists that America's worst-in-class, most expensive health system just needs more capitalism to turn it into a world leader.
In the 1980s, Reagan's court sorcerers decreed that they could fix health care with something called "Prospective Payment Systems," which would pay hospitals a lump sum for treating conditions, rather than reimbursing them for each procedure, using competition and profit motives to drive "efficiency." The hospital system responded by "upcoding' patients: if you showed up with a broken leg and a history of coronary disease, they would code you as a heart patient and someone who needed a cast. They'd collect both lump sums, slap a cast on you, and wheel you out the door:
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4195137/
As Robert Kuttner writes for The American Prospect, this kind of abuse was predictable from the outset, especially since Health and Human Services is starved of budget for auditors and can only hand out "slaps on the wrist" when they catch a hospital ripping off the system:
https://prospect.org/economy/2024-06-13-fantasyland-general/
Upcoding isn't limited to Medicare fraud, either. Hospitals and insurers are locked in a death-battle over payments, and hospitals' favorite scam is sending everyone to the ER, even when they don't have emergencies (some hospitals literally lock all the doors except for the ER entrance). That way, a normal, uncomplicated childbirth can be transformed into a "Level 5" emergency treatment (the highest severity of emergency) and generate a surprise bill of over $2,700:
https://pluralistic.net/2021/10/27/crossing-a-line/#zero-fucks-given
The US health industry is bad enough to generate a constant degree of political will for change, but the industry (and its captured politicians and regulators) is also canny enough to dream up an endless procession of useless gimmicks designed to temporarily bleed off the pressure for change. In 2018, HHS passed a rule requiring hospitals to publish their prices.
Hospitals responded to this with a shrewd gambit: they simply ignored the rule. So in 2021, HHS made another rule, creating penalties for ignoring the first rule:
https://www.cms.gov/priorities/key-initiatives/hospital-price-transparency/hospitals
The theory here was that publishing prices would create "market discipline." Again, this isn't wholly nonsensical. To the extent that patients have nonurgent conditions and the free time to shop around, being able to access prices will help them. Indeed, if the prices are in a standards-defined, machine-readable form, patients and their advocates could automatically import them, create price-comparison sites, leaderboards, etc. None of this addresses the core problem that health-care is a) a human right and b) not a discretionary expense, but it could help at the margins.
But there's another wrinkle here. The same people who claim that prices can solve all of our problems also insist that monopolies are impossible. They've presided over a decades-long assault on antitrust law that has seen hospitals, pharma companies, insurers, and a menagerie of obscure middlemen merge into gigantic companies that are too big to fail and too big to jail. When a single hospital system is responsible for the majority of care in a city or even a county, how much punishment can regulators realistically subject it to?
Not much, as it turns out. Kuttner describes how Mass Gen Brigham cornered the market on health-care in Boston, allowing it to flout the rules on pricing. In addition to standard tricks – like charging self-pay patients vastly more than insured payments (because individuals don't have the bargaining power of insurers), Mass Gen Brigham's price data is a sick joke.
See for yourself! The portal will send you giant, unstructured, ZIPped text files filled with cryptic garbage like:
ADJUSTABLE C TAPER NECK PLUS|1|UNITED HEALTHCARE [1016]|HB CH UNITED HMO / PPO / INDEMNITY [34]|UNITED HEALTHCARE HMO [101604]|75|Inv Loc: 1004203; from OR location 1004203|52.02|Inpatient PAF; 69.36% Billed|75|Inv Loc: 1004203; from OR location 1004203|56.87|Outpatient PAF; 75.83% Billed
https://www.massgeneralbrigham.org/en/patient-care/patient-visitor-information/billing/cms-required-hospital-charge-data
These files have tens of thousands of rows. As a patient, you are meant to parse through these in order to decide whether you're getting ripped off on that HIP STEM 16X203MM SIZE 4 FEMORAL PRESS FIT NEUTRAL REVISION TITANIUM you're in the market for (as it happens, I have two of these in my body).
Kuttner describes the surreal lengths he had to go through to prevent his mother from getting ripped off by Mass Gen through an upcoding hustle. By coding her as "admitted for observation," Mass Gen was able to turn her into an outpatient, with a 20% co-pay (this is down to a GW Bush policy that punishes hospitals that charge Medicare for inpatient care when they could be treated as outpatients – hospitals reflexively game the system to make every patient an outpatient, even if they have overnight hospital stays).
Kuttner's an expert on this: he was national policy correspondent for the New England Journal of Medicine and covers the health beat for the Prospect. Even so, it took him ten hours of phone calls to two doctors' offices and Blue Cross to resolve the discrepancy. The average person is not qualified to do this – indeed, the average person won't even know they've been upcoded.
Needless to say that people in other countries – countries where health care is cheaper and the outcomes are better – are baffled by this. Canadians, Britons, Australians, Germans, Finns, etc do not have to price-shop for their care. They don't have to hawkishly monitor their admission paperwork for sneaky upcodes. They don't have to spend ten hours on the phone arguing about esoteric billing practices.
In a rational world, we'd compare the American system to the rest of the world and say, "Well, they've figured it out, we should do what they're doing." But in good old U-S-A! U-S-A! U-S-A!, the answer to this is more prices, more commercialization, more market forces. Just rub some capitalism on it!
That's where companies like Multiplan come in: this is a middleman that serves other middlemen. Multiplan negotiates prices on behalf of insurers, and splits the difference between the list price and the negotiated price with them:
https://www.nytimes.com/2024/04/07/us/health-insurance-medical-bills.html
But – as the Arm and a Leg podcast points out – this provides the perverse incentive for Multiplan to drive list prices up. If the list price quintuples, and then Multiplan drives it back down to, say, double the old price, they collect more money. Meanwhile, your insurer sticks you with the bill, over and above your deductible and co-pay:
https://armandalegshow.com/episode/multiplan/
The Multiplan layer doesn't just allow insurers to rip you off (though boy does it allow insurers to rip you off), it also makes it literally impossible to know what the price is going to be before you get your procedure. As with any proposition bet, the added complexity is there to make it impossible for you to calculate the odds and figure out if you're getting robbed:
https://pluralistic.net/2022/05/04/house-always-wins/#are-you-on-drugs
Multiplan is the purest expression of market dynamics brainworms I've yet encountered: solving the inefficiencies created by the complexity of a system with too many middlemen by adding another middle-man who is even more complex.
No matter what the problem is with America's health industry, the answer is always the same: more markets! Are older voters getting pissed off at politicians for slashing Medicare? No problem: just create Medicare Advantage, where old people can surrender their right to government care and place themselves in the loving hands of a giant corporation that makes more money by denying them care.
The US health industry is a perfect parable about the dangers of trusting shareholder accountable markets to do the work of democratically accountable governments. Shareholders love monopolies, so they drove monopolization throughout the health supply chain. As David Dayen writes in his 2020 book Monopolized the pharma industry monopolized first, and put the screws to hospitals:
https://pluralistic.net/2021/01/29/fractal-bullshit/#dayenu
Hospitals formed regional monopolies to counter the seller power of consolidated Big Pharma. That's Mass Gen's story: tapping the capital markets to buy other hospitals in the region until it became too big to fail and too big to jail (and too big to care). Consolidated hospitals, in turn, put the screws to insurers, so they also consolidated, fighting Big Hospital's pricing power.
Monopoly at any point in a supply chain leads to monopoly throughout the supply chain. But patients can't consolidate (that's what governments are for – representing the diffuse interests of people). Neither can health workers (that's what unions are for). So the system screwed everyone: patients paid more for worse care. Health workers put in longer hours under worse conditions and got paid less.
Kuttner describes how his eye doctor races from patient to patient "as if he was on roller skates." When Kuttner wrote him a letter questioning the quality of care, the eye doctor answered that he understood that he was giving his patients short shrift, but explained that he had to, because his pay was half what he needed, relegating him to a small apartment and an old car. The hospital – which skims the payments he gets for care – sets his caseload, and he can't turn down patients.
The answers to this are obvious: get markets out of health care. Unionize health workers. Give regulators the budgets and power to hold health corporations to account.
But for market cultists, all of that can't work. Instead, we have to create more esoteric middlemen like "pharmacy benefit managers" and Multiplan. We need more prices to shovel into the market computer's data-hopper. If we just capitalism hard enough, surely the system will finally work…someday.
If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
https://pluralistic.net/2024/06/13/a-punch-in-the-guts/#hayek-pilled
#billing codes#health#corruption#ripoffs#arm and a leg podcast#robert kuttner#prices#austrian economics#Prospective Payment Systems#the invisible hand#shop around#a market for lemons#monopoly#monopolization#upcoding
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