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New York Fed President William Dudley told a panel in Mexico City that massive bond buying by the U.S. central bank might potentially undermine its independence if this led to losses on its balance sheet when interest rates rise.
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"People are only now asking if they make enough of a difference to justify the cost of the robot," he said. "We can't get into that situation again. We need to have scientific research before we have widespread adoption of new technology."
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“The whole David Cerny creation is made to provoke. Young people like him a lot and this piece depicts what the young people think precisely. It’s good,” said one local posing for photos near the sculpture.
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In the new model, Walgreens will transfer that risk to the insurers in the exchange. That means employers' health care costs become more predictable, Sperling said. And the exchange handles all the administrative and compliance needs.
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McGinley sees it differently. He is fascinated by the psychology of leadership, by the details, by the unquantifiables which may, just may, make a difference. Unlike Watson, he does not have legendary status to fall back on, only the respect of his players as someone they know will go to every length to secure an advantage. Watson doubts whether home captains should have courses set up in favour of their teams; McGinley says, “You’re damn well right I will.” The stark contrast between Watson and McGinley makes this collision that much more compelling.
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