It was all a dream

Cool stuff from Calvin, at least he thinks so

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Peter Orszag is a leading banker and economist, a previous senior government official, and an author and contributor of several books. As a co-editor of American Economic Policy in the 1990s, he examined lessons for policymakers from the experiences of the 1990s. He currently is the Vice Chairman and Managing Director at Lazard Freres & Co LLC in New York, where he also serves as Global Co-Head of Healthcare. In addition, as a weekly contributor for Bloomberg View, Peter Orszag's columns cover a range of topics concerning economics, health care, and political economy. Orszag and coauthors have examined current trends in retirement and offered ideas for reform that would help Americans save in Aging Gracefully: Ideas to Improve Retirement Security in America. With Peter Diamond (awarded the Nobel Memorial Prize in Economic Sciences in 2010), Peter Orszag discussed ways to preserve Social Security in Saving Social Security: A Balanced Approach.

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Sweetbitter [2018]

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(via rez512)

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NBA PLAYER OF THE YEAR

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Bahahhahahhaha ESPN running stats on Rihanna

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IT ALL BEGAN WHEN…

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Articles by Peter R. Orszag - Bloomberg View

Peter R. Orszag is a Bloomberg View columnist. He is a vice chairman of investment banking at Lazard. He was President Barack Obama’s director of the Office of Management and Budget from 2009 to 2010 and the director of the Congressional Budget Office from 2007 to 2008.

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The Medical Marketplace Is Changing Fast

This should lead to better, less expensive and more convenient health care.

by Peter R. Orszag and David Gluckman

Marketplace disruption is reshaping health care in the U.S., with headline-grabbing mergers and the formation of new companies. These moves are breaking down traditional silos in health care. And further change can be expected, as calls grow louder for better health-care value for the dollar.

Four trends are driving the shift: an ongoing movement toward value-based payments; improved health-care data analytics; innovations in medical science; and increasing demand from consumers for greater convenience and value.

Although health-care costs have been growing more slowly than they once did, the U.S. still spends far too much, and there's great variation across the country in both prices (especially for employer-sponsored insurance) and utilization (especially for Medicare). Fee-for-service payment is a major reason spending is so high and varies so much from region to region. The shift toward value-based payments -- including bundled payments and accountable care organizations -- is a necessary though not complete solution.

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After private equity firm Kohlberg Kravis Roberts & Co bought CHI in 2015, employees were granted stock options, and two years later, KKR is issuing its first dividends.

CHI Overhead Doors, which makes garage doors, has been owned by four different private equity firms, and KKR is the first with an employee ownership model, said Pete Stavros, its head of industrial.

"It was owned by private equity firm after private equity firm, where typically there were five to 10 people who owned (company stock)," Stavros said. "Now, it's 1,000 or so, so it's a big departure."

With employee ownership programs, "the goal is to get people more bought into the mission of the company," Stavros said.

This is supposed to help employees feel more invested in the company, helping it improve.

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