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It’s one year completion for Modi government and guess what? Inspired by the political watchers, critics have started filing the report card of success and failures of the government that has been in the centre for a year. 
 
The government has launched a few social security schemes, which are of enormous significance for the masses. At a cost of a nominal premium, these schemes ensure comfortable future for many. 
 
<a href="http://economictimes.indiatimes.com/wealth/savings-centre/analysis/modi-governments-social-security-schemes-how-less-than-rs-20-a-day-can-secure-financial-future/articleshow/47395379.cms">The Economic Times</a> has listed the schemes along with the specifications, eligibility and detailed benefits . 
 
 
1) Atal Pension Yojana 
 
WHAT IT OFFERS: Pension between Rs 1,000 and Rs 5,000 a month. 
 
WHAT IT COSTS: For a monthly pension of Rs 1,000, a 40-year-old subscriber will have to invest Rs 291 per month for 20 years, while an 18-year-old will have to contribute Rs 42 per month for 40 years. 
 
WHO IS ELIGIBLE: All individuals between 18 and 40, who will have to contribute till they turn 60. 
 
WHO SHOULD OPT FOR IT: This is an investment you need to make on behalf of your domestic staff who may not have anyone to look after them once they stop working. 
 
 
 
2) Pradhan Mantri Suraksha Bima Yojana 
 
WHAT IT OFFERS: Accidental death and disability cover of Rs 2 lakh. 
 
WHAT IT COSTS: Premium is Rs 12 per year. 
 
WHO IS ELIGIBLE: Anybody who has a savings account in the banks that offer this scheme. 
 
WHO SHOULD OPT FOR IT: Although it is for everybody, this scheme especially suits drivers, security guards, newspaper vendors, vegetable vendors and others who are exposed to the risk of accidental death or disability. 
 
 
 
3) Pradhan Mantri Jeevan Jyoti Bima Yojana 
 
WHAT IT OFFERS: A pure protection term insurance cover which pays Rs 2 lakh to dependents in the event of the policyholder's death. 
 
WHAT IT COSTS: Premium is Rs 330 a year. 
 
WHO IS ELIGIBLE: Anybody in the age band of 18-70 years who has a savings account in a bank that offers this scheme. 
 
WHO SHOULD OPT FOR IT: This is a must for any member of your staff who is the sole breadwinner in his or her family. 
 
 
 
4) Pradhan Mantri Jan Dhan Yojana 
 
WHAT IT OFFERS: A savings account with no minimum balance. The Rupay ATM-cum-debit card comes with in-built accident and life covers of Rs 1 lakh and Rs 30,000 respectively. 
 
WHAT IT COSTS: Nil 
 
WHO IS ELIGIBLE: Anyone belonging to the economically weaker sections of society. As all future welfare and subsidy schemes are likely to be linked to it, it is a must for your staff. 
 
WHO SHOULD OPT FOR IT: All those working in the unorganised sector. You can transfer salaries directly into the accounts of your domestic staff to inculcate a banking habit in them. 
 
 
 
5) Post office time deposits and bank FDs 
 
WHAT IT OFFERS: Time deposits with tenures of one to four years yield 8.4%, while five-year deposits will earn 8.5%. Bank fixed deposits in the name of your employees' senior citizen parents will earn 9-9.25%. 
 
WHAT IT COSTS: The minimum investment for post office time deposits is Rs 200 and there is no cap. 
 
WHO IS ELIGIBLE: Anyone with a bank account or Aadhar card. 
 
WHO SHOULD OPT FOR IT: These investments will help meshorter term requirements of your staff and other unorganised workers like housing loan down payment, coaching class fees and so on. 
 
6) Kisan Vikas Patra 
 
WHAT IT OFFERS: A secure interest rate of 8.7% and the promise to double the investment in 100 months. 
 
WHAT IT COSTS: The minimum investment is Rs 1,000. No maximum limit. 
 
WHO IS ELIGIBLE: All 
 
WHO SHOULD OPT FOR IT: All domestic workers, vendors and neighbourhood workers to fund their medium term requirements. 
 
 
 
7) Sukanya Samriddhi Scheme 
 
WHAT IT OFFERS: Guaranteed annual returns of 9.2%. 
 
WHAT IT COSTS: Minimum contribution is Rs 1,000 a year and the maximum is Rs 1.5 lakh. 
 
WHO IS ELIGIBLE: Girl child below the age of 10. 
 
WHO SHOULD OPT FOR IT: Most domestic workers tend to take their daughters out of school to help with household chores or to make way for their brothers, whose education is considered more important. This serves as an incentive to save for a daughter's education and marriage. 
 
 
 
8) Health insurance 
 
WHAT IT OFFERS: Cover for expenses incurred during hospitalisation due to illness or surgery. 
 
WHAT IT COSTS: Rs 700-800 a year for a cover of Rs 50,000 for indivuduals aged between 18 and 40 years. 
 
WHO IS ELIGIBLE: All 
 
WHO SHOULD OPT FOR IT: Hospitalisation can wipe out the entire savings of those already at a financial disadvantage. Though not offered by the government, affordable policies are available from state-owned non-life insurers like New India Assurance and Oriental Insurance. 
 
The ET has further calculated how much these might cost. 
 
 
HOW IT STACKS UP 
 
Pradhan Mantri Jan Dhan Yojan = NIL + Pradhan Mantri Jeevan Jyoti Bima Yojana = Rs 330 + Pradhan Mantri Suraksha Bima Yojana = Rs 12 + Atal Pension Yojana = Rs 3,492* + Health Insurance = Rs 800* + Sukanya Samriddhi Scheme = Rs 1,000# + Kisan Vikas Patra = Rs 1,000# + Post Office Time Deposits = Rs 200# 
 
All this adds up to = Rs 6,834 (The total amount you need to spend on staff welfare measures in a year) 
 
*Assuming your employee is 40 years old and monthly pension chosen is Rs 1,000 in case of APY. #If minimum requirement is invested 
 
(Image: Reuters)

8 Insurance Schemes Modi launched and how they benefit you

<ul class="summary-list"><li>A missile hit the MV Aya, which was carrying grain from Ukraine to Egypt, on September 11.</li><li>The strike led to fears of a potential escalation in Russian attacks on the Black Sea grain corridor.</li></ul>A strike last month on a merchant ship in the Black Sea was almost certainly the result of a bungled Russian bomber attack using outdated ammunition, <a target="_blank" class="" href="https://x.com/DefenceHQ/status/1841758861000061061">according</a> to the UK Ministry of Defence.On September 11, the Saint Kitts and Nevis-flagged vessel MV Aya was loaded with grain bound for Egypt from Ukraine's port of Odesa when it was struck by what was widely assumed to be a Russian missile.There were no casualties reported at the time.The ship was damaged, but managed to reach Romania's coast under its own steam, where it received help, <a target="_blank" class="" href="https://ambrey.com/app/uploads/2024/09/Ambrey-Threat-Circular-Bulk-Carrier-Struck-By-A-Missile-Offshore-Romania.pdf">according to Ambrey, a marine insurer</a>. The strike led to fears of a potential escalation in Russian attacks on the Black Sea grain corridor. But according to UK intelligence, it was likely not meant for the Aya at all but happened "due to poor targeting procedures from Russian pilots using an aging munition."According to its assessment, the strike was almost certainly an AS-4 anti-ship missile fired from a <a target="_blank" class="" href="https://www.businessinsider.com/everything-you-need-know-russian-tu-22m3-bomber-plane-2024-4">Russian Tu-22M3 bomber</a>.It's possible that the bomber misidentified the Aya, it said, fired "in haste," and then rushed away from the scene "for fear of being targeted by a Ukrainian surface-to-air missile.""It is a realistic possibility a detonation failure avoided catastrophic damage," the UK MOD added.It also said that <a target="_blank" class="" href="https://www.businessinsider.com/ukraine-shoots-down-russian-tu-22m3-supersonic-bomber-first-time-2024-4">Ukraine shot down a Russian Tu-22</a>, also known as a BACKFIRE, in April this year, which would explain why Russian pilots have been "more wary with their strike operations in the Black Sea."Using long-range missile strikes and naval drones, Ukraine has managed to push <a target="_blank" class="" href="https://www.businessinsider.com/russia-pulled-last-black-sea-fleet-warship-from-crimea-ukraine-2024-7">much of Russia's Black Sea Fleet</a> from its base at Sevastopol, in occupied Crimea, to the safer Russian waters of Novorossiysk.Since its exit from the Black Sea grain initiative, Russia's attacks on Ukrainian naval export abilities have been largely limited to striking ports, and — it's widely believed — <a target="_blank" class="" href="https://www.businessinsider.com/black-sea-naval-mine-clearance-ukraine-war-2024-9">dropping naval mines</a>.The September 11 incident was the first direct strike on a merchant ship in the grain corridor since November 2023."A direct attack" like this would mark "a significant escalation," Ambrey said, adding: "Until Russian officials provide an explanation, the threat to vessels calling Ukraine remains high."Ukraine's economy is heavily dependent on maritime exports. Before 2022, it accounted for 10% of the global grain market, with 90% of that heading out to the world via the Black Sea, <a target="_blank" class="" href="https://www.cfr.org/article/how-ukraine-overcame-russias-grain-blockade">according to the Council on Foreign Relations</a>.Despite the potential for economic warfare, Russia has good reason to avoid escalating the threat to shipping in the Black Sea, Ambrey wrote.Any escalation would have a knock-on effect on naval insurance premiums, which "would make trade with both Russia and Ukraine significantly more costly," it said.The UK MOD was scathing about the apparent accidental attack on the Aya."Launching a supersonic cruise missile on an incorrect heading against a likely erroneous target in international waters demonstrates extremely poor and irresponsible aviation practice," it said.

Russia's strike on a merchant ship in the Black Sea was likely down to poor targeting and aged ammo: UK intel

New Delhi, Surge, <keyword id="122716" type="COMPANY" weightage="20" keywordseo="Sequoia-Capital">Sequoia Capital</keyword> Indias rapid scale-up <keyword id="10159" type="COMPANY" weightage="20" keywordseo="programme">programme</keyword> for startups, on Wednesday said that 17 early-stage startups have been selected for the fourth cohort of its programme. One of the key features of the programme is that the founders of the selected startups receive a $1 million to $2 million early on in the programme, so they can start hiring and building their product right away. The programme also combines a global curriculum and support from a community of exceptional mentors and founders. "Surge 04" startups are headquartered in India, Singapore, Vietnam, Indonesia -- and for the first time since the launch of the programme, in Australia. They span a wide range of sectors including edtech, fintech, SME Tech, DevTools, consumer, healthtech and B2B marketplaces. Over half the startups in this cohort are SaaS (Software-as-a-Service companies). The 17 selected startups are -- Aampe, Epsilo, Hashnode, Kyt, LambdaTest, Let's Dive, Mod.io, <keyword id="10331438" type="COMPANY" weightage="20" keywordseo="otoklix">Otoklix</keyword>, <keyword id="10331130" type="COMPANY" weightage="20" keywordseo="pagarbook">PagarBook</keyword>, Plum, Richpanel, Shipsy, Studyroom, Tazapay, Stealth 1, Stealth 2, and Stealth 3. Eleven of the 17 companies are building for cross-border markets, pushing beyond their geographical borders from day one. "Surge 04 has an incredibly talented and determined group of founders we're proud to partner with. These are founders who have shown the courage to start up and persevere through an extremely challenging year," Rajan Anandan, Managing Director, Sequoia Capital India, said in a statement. "This cohort is a reflection of how the region's startup ecosystem will look and think for the next few years -- possibly impacting entire economies." Several of these companies are also challenging the status quo in their respective categories, digitising and disrupting traditionally offline industries like logistics, automotive and insurance. In less than two years since its launch, Surge has evolved into an international community of over 150 founders spread across the globe. "Surge 04" will run entirely online through to March 2021.

Sequoia Capital India's Surge programme picks 17 startups including Shipsy, Pagarbook, and Plum

<ul class="summary-list"><li>A British <keyword id="22378" type="ENTERTAINMENT" weightage="60" keywordseo="family">family</keyword> are spending the <keyword id="1754604" type="PERSON" weightage="60" keywordseo="coronavirus">coronavirus</keyword> lockdown in a secluded bamboo Airbnb house in Ubud, <keyword id="19988" type="CITY" weightage="60" keywordseo="Bali">Bali</keyword>. </li><li>Corinne and Dave Pruden, usually located in Budapest where they run <a href="https://www.instagram.com/thegoatherder.hu/">a specialty coffee shop</a>, left the UK with their twin toddlers on March 16, before the <a href="https://www.businessinsider.com/coronavirus-cases-maps-us-world-spread-symptoms-death-rate-2020-1?r=US&amp;IR=TIR=T">coronavirus</a> <keyword id="6354692" type="UNKNOWN" weightage="60" keywordseo="Travel">travel</keyword> restrictions <a href="https://news.sky.com/story/coronavirus-british-family-spending-lockdown-in-idyllic-bali-retreat-11973467">came into place</a>.</li><li>The family have quickly adapted to life in Bali and are even sharing their home with frogs, geckos, and a bat. </li><li>Corinne Pruden told Insider: "We do our own clothes washing by hand, and with messy twin toddlers that certainly makes us appreciate the usual mod-cons!"</li><li><a href="https://www.insider.com/?hprecirc-bullet">Visit Insider's homepage for more details.</a></li></ul>A British family booked a one-way ticket to Bali as countries began to <a href="https://www.businessinsider.com/countries-on-lockdown-coronavirus-italy-2020-3?r=US&amp;IR=TIR=T">close borders</a> last month and have been spending the <a href="https://www.businessinsider.com/coronavirus-cases-maps-us-world-spread-symptoms-death-rate-2020-1?r=US&amp;IR=TIR=T">coronavirus</a> isolation period in an idyllic bamboo house in Ubud. Flying out on March 16, Corinne and Dave Pruden left London for Denpasar along with their twin toddler boys before the UK was put on lockdown eight days later, <a href="https://news.sky.com/story/coronavirus-british-family-spending-lockdown-in-idyllic-bali-retreat-11973467">according to Sky News</a>. The Prudens are normally based in Budapest, Hungary where they run a specialty coffee shop, <a href="https://www.instagram.com/thegoatherder.hu/">The Goat Herder,</a> which had to close on March 17.Speaking to Insider over email, Corinne said: "We're located directly opposite the University of Veterinary Medicine, and a short walk from McDaniel College [in Budapest]."Once the government closed all higher education institutions due to COVID-19, we tried staying open for the sake of our team, but our takings took too much of a hit and we had to close. Our team are fantastic and it pains us to see them in a financially difficult position. As soon as the lockdown is lifted, we'll re-open."<div type="image" title="Family living in bali" height="1160" width="1200" msid="75181968" hostid="261"></div>Pre-pandemic, they were in the process of preparing to backpack as a family around Central America for six to nine months so had rented out their Budapest apartment, set up their business with managers, and stayed with family in the UK for a few days before things took a turn, as <a href="https://news.sky.com/story/coronavirus-british-family-spending-lockdown-in-idyllic-bali-retreat-11973467">Sky News reports</a>. Corinne told <a href="https://news.sky.com/story/coronavirus-british-family-spending-lockdown-in-idyllic-bali-retreat-11973467">Sky News</a> they could no longer travel on their original flight when the US foreign travel ban was introduced, and the only places which were open to them at that point were Brazil, Thailand, and Indonesia. She said they felt as though going to a happy place was going to be good for them and the boys. Speaking about their decision to go to Bali, Corinne told Insider: "We've had a lot of support from our family."Perhaps they're used to us making impulsive and difficult decisions! Our friends have had mixed reactions - because this pandemic is unprecedented, most weren't sure if we were making a great decision or a very stupid one."After a couple of trial and error instances with suitable locations to settle in Bali, the Prudens found a reasonably priced Airbnb bamboo house in Ubud."We live in a house which is architecturally amazing (made of bamboo with key walls and foundations in polished concrete). There are no barriers between the inside and the outside world," Corinne told Insider.She said: "We have a bat that often hangs from the living room ceiling, frogs that jump between the bamboo supports and 10-inch long geckos on the walls. We hear nature all the time as the house backs on to a wooded area leading to a river. At night, it's like a 'jungle noise' relaxation soundscape."Although the secluded idyllic setting seems too good to be true, Corinne said the family aren't really facing that many difficulties where they are currently living. "We do our own clothes washing by hand, and with messy twin toddlers that certainly makes us appreciate the usual mod-cons! Getting to the shops is a bit tricky as the main supermarket is not walkable. We've rented a moped and the narrow path out of the rice fields has a stream on either side which takes some getting used to. "The boys do lack a bit of social interaction with other children, but at least there's two of them and they are having a great time." <div type="image" title="twintastic_nomads" height="1198" width="1200" msid="75181969" hostid="261"></div>Corinne told Insider the most surprising thing she's found isolating in Bali is how easy it has been to adapt from living in the heart of Budapest with endless food options at all hours, public transport, and a close support network of friends. She said: "Now we live in the middle of the rice fields and are totally disconnected from the world we came from. We thought that might freak us and the boys out, but instead, it feels totally natural and normal."As for the toddlers, Corinne said the boys are enjoying the connection with the outside world. "They now look at the sky and see dark storm clouds vying with blue sky and speculate whether it's going to hit us or not. They know if the temperature drops and the wind picks up, torrential rain, and huge thunderclaps are inevitable, which doesn't seem to concern them at all. "They've seen locals shimmying up palm trees to send coconuts crashing down, and therefore when we buy them to drink they now know exactly where they come from. "They're even saying a few words in Indonesian like "terima kasih," thank you, and "nama saya," my name is. The boys just want to play all the time and seem to love learning new things," she said.<div type="image" title="twintastic_nomads" height="942" width="1200" msid="75181971" hostid="261"></div>Corinne told Insider the family will have to return to Budapest for a little while to get The Goat Herder back up and running again when the pandemic subsides.She said: "Our goal was always to spend this time with the boys, showing them new environments and cultures. Hopefully, when this is all over, we'll get to continue this educational adventure that we're on."Maybe we'll even get to backpack across Central America like we planned before this all started!"Read the original article on <a href="https://www.insider.com/british-couple-quarantine-bali-with-twin-boys-lockdown-2020-4">Insider</a>

A British couple who travelled to Bali before lockdown have been quarantining in a dreamy Airbnb with their twin toddler boys

Welcome to Digital Health Briefing, a new morning email providing the latest news, data, and insight on how digital technology is disrupting the healthcare ecosystem, produced by BI Intelligence.<a href="http://www.businessinsider.com/intelligence/digital-health-briefing" target="_blank" rel="noopener noreferrer">Sign up and receive Digital Health Briefing free to your inbox.</a>Have feedback? We'd like to hear from you. Write me at: <a href="mailto:lbeaver@businessinsider.com">lbeaver@businessinsider.com</a>2018 CES HEALTHTECH ROUNDUP: The latest advances in health technology were on full display at last week's Consumer Electronics Show (CES) in Las Vegas. At this year's show, we saw two themes: digital health innovation is no longer limited to fitness trackers and smartwatches, and the newest devices being offered are geared towards consumers taking health monitoring into their own hands. Here is a look at key healthtech products that were on display and could enable consumers to play a more active role in their own health. New consumer devices:<ul><li>Cardiomo, the digital healthcare heart monitor company, demonstrated its wearable vital monitor. The wireless monitor, which is attached to a user's chest via adhesive patches, continually collects vital data to spot potential heart abnormalities, <a href="http://www.mobihealthnews.com/content/ces-2018-running-list-digital-health-products" target="_blank" rel="noopener">according</a> to MobiHealthNews. </li><li>Lenovo, the electronics manufacturer, introduced its Vital Motorola Moto Mod, a health accessory that is attached to the back of select Motorola phones to track key vital signs, <a href="https://www.cnet.com/news/lenovo-moto-mods-hands-on-livermorium-vital/">according</a> to CNET. The Vital Moto Mod includes a proprietary finger cuff that allows users to measure their heart rate, respiratory rate, body temperature, blood oxygen levels, and blood pressure. </li><li>Oska Wellness, a consumer health technology company, <a href="https://www.prnewswire.com/news-releases/new-app-driven-device-from-oska-pulse-oska-pulse-active-300579265.html" target="_blank" rel="noopener">announced</a> a new mobile app that is capable of controlling the company's Oska Pulse Active electromagnetic field device. The device can be used to reduce muscle stiffness, relieve minor pain, and increase mobility for people who suffer chronic pain, as well as allow them to track and manage their pain via the app. </li></ul>Precision care:<ul><li>Exploragen, a DNA lifestyle company, is <a href="https://www.prnewswire.com/news-releases/exploragen-partners-with-sleepscore-labs-and-offers-free-dna-sequencing-kits-at-ces-2018-300579651.html" target="_blank" rel="noopener">partnering</a> with sleep technology company SleepScore, to launch its SlumberType DNA app. The app allows users to turn their genetic information into personalized insights to optimize sleep. </li><li>DnaNudge, the UK-based startup, is aiming to offer consumers in-store DNA tests at supermarkets, in order to help people find healthy foods tailored to their needs, <a href="http://www.bbc.com/news/av/technology-42577483/ces-2018-dnanudge-app-uses-saliva-to-recommend-what-to-eat" target="_blank" rel="noopener">according</a> to the BBC. After getting results from a rapid, in-store cheek swab genetic test, consumers can use a smartphone app or proprietary wearable device to scan food at their supermarket to see what is best for them to eat, according to their genetic makeup. </li></ul>AI DIGITAL ASSISTANT CAN HELP EMERGENCY DISPATCHERS: A Copenhagen-based digital assistant, called <a href="http://www.corti.ai/">Corti</a>, is helping Danish emergency dispatchers determine whether a patient is going through cardiac arrest, <a href="https://www.fastcompany.com/40515740/having-a-heart-attack-this-ai-helps-emergency-dispatchers-find-out?mkt_tok=eyJpIjoiTURnM01XUmxNVGxrWkdRMSIsInQiOiJNbUNqTEhaSnlIMGFnVnpHY1AzMmdzV1N4NFdZZTh4SThFemhDVkFLQmlFMmo2NFI2TVNDWGNhSVB5ZGNKTFFMY2J5QndsXC9">according</a> to Fast Company. Corti, which is also the name of the company that developed the AI, runs in the background of emergency dispatch calls and uses speech recognition software and machine learning (ML) to pick up background cues, such as breathing patterns, that allow it to determine whether a person is suffering from cardiac arrest. An early small-scale study found that the AI can diagnose cardiac arrests with 95% accuracy. That's compared to the average 73% accuracy of human dispatchers in Copenhagen. A larger study is planned. Corti demonstrates the potential of AI systems that can augment emergency services and triage - the faster and more accurately dispatchers can determine the nature of an injury, the better the outcome. For example, outside of the hospital, the chance of survival for someone in cardiac arrest decreases roughly 10% each minute. Given an early and accurate diagnosis from a digital assistant, the dispatcher might be able to coach people nearby through CPR, or even send out medical drones with defibrillators to the location, which could arrive ahead of ambulances. Corti is reportedly preparing to announce plans to expand into the US.UNITEDHEALTHCARE INTRODUCES SEVERAL DIGITAL HEALTH OPTIONS: UnitedHealthcare has unveiled several new digital health tools at the CES for members of its employer-sponsored plans, <a href="https://www.fiercehealthcare.com/technology/ces-2018-unitedhealthcare-unveils-new-tech-tools-like-apple-pay-digital-onboarding" target="_blank" rel="noopener">according</a> to FierceHealthcare. The insurance firm is enabling users of its Optum Bank health savings accounts to use Apple Pay, Apple's mobile wallet, when paying for specific medical services. This could become a popular payment option as it appears that consumers are starting to prefer digital payment options - for example, 95% of consumers would pay online if a provider's website had the option, <a href="https://www.prnewswire.com/news-releases/providers-driven-to-implement-patient-centric-financial-solutions-as-consumer-payment-responsibility-skyrockets-29-percent-black-book-survey-300542031.html" target="_blank" rel="noopener">according</a> to a Black Book Research survey. UnitedHealthcare is also adding personalized videos that break down patients' claims, informing them how much they still owe. This could help to build customer satisfaction, as medical billing is a major pain point for patients. Nearly a third of patients say that confusion over how much insurance will cover versus patient responsibility contributes to payment delays, <a href="https://www.televox.com/news/west-study-56-americans-delay-paying-medical-bills-cite-high-deductibles-number-one-reason-missed-payments/">according</a> to a West study cited by Televox.HACKER ACCESSES BILLING RECORDS OF 280,000 OKLAHOMA STATE PATIENTS: In November last year, a hacker reportedly broke into the Oklahoma State University Center for Health Sciences (OSUCHS) network gaining access to the Medicaid billing information of almost 280,000 patients, <a href="http://www.healthcareitnews.com/news/nearly-280000-medicaid-patient-records-breached-oklahoma-hack">according</a> to Healthcare IT News. OSUCHS began notifying customers January 5 and has since updated its security features. Cybersecurity is an ongoing concern for the healthcare industry. Four in five US doctors have experienced a cyberattack of some sort, <a href="https://www.healthcaredive.com/news/4-out-of-5-us-physicians-have-experienced-a-cybersecurity-attack/512848/">according</a> to a study by Accenture and the American Medical Association. Despite this, a majority of US healthcare businesses lack a cybersecurity leader. Just 15% of organizations have a designated C-suite leader to manage enterprise-wide data security efforts, <a href="https://blackbookmarketresearch.newswire.com/news/84-of-healthcare-organizations-dont-have-a-cybersecurity-leader-as-the-20110145">according</a> to a recent Black Book Research study. As more of the medical industry goes online, the impact data hacking and internal errors will have on patient records and hospital operations will continue to grow. It's becoming more important than ever that healthcare organizations and systems shore up against these threats.<div class="KonaFilter image-container display-table click-to-enlarge"><div><div class="image on-image"><a title_source="BI Intelligence" title_caption="" class="zoomin" href="https://static-ssl.businessinsider.com/image/5a53a74ac32ae6751a8b4d9f-960/accenture future attacks.png"></a>BI Intelligence</div></div></div>In other news…<ul><li>Royal Philips, the healthtech arm of global electronics company Philips, is launching its new mobile patient monitoring solution, the IntelliVue X3, that aims to make it easier for hospital staff to access patient information and data while in transit between departments, <a href="http://hitconsultant.net/2018/01/16/philips-patient-monitoring-solution/">according</a> to HIT Consultant. Because different hospital departments often run their patient data systems independently from one another, clinicians' view of their patient's condition can be limited as they travel. Enterprise-wide solutions such as the Intellivue X3 can help to provide a continuous flow of patient information for hospital staff, supporting more accurate, and up-to-date patient data.</li><li>Wearables and remote patient monitoring may have a limited positive impact on clinical outcomes, <a href="https://www.nature.com/articles/s41746-017-0002-4.pdf">according</a> (PDF) to a newly released meta-study of 27 global control studies from 2000 to 2016. The results could dampen recent hype over the potential of wearables like Fitbits and Apple Watches to improve patient care and rehabilitation.</li></ul><div id="categorypromo"><h2>Learn more:</h2><ul><li><a href="http://read.bi/pay1">Credit Card Industry and Market</a></li><li><a href="http://read.bi/pay2">Mobile Payment Technologies</a></li><li><a href="http://read.bi/pay3">Mobile Payments Industry</a></li><li><a href="http://read.bi/pay4">Mobile Payment Market, Trends and Adoption</a></li><li><a href="http://read.bi/pay5">Credit Card Processing Industry</a></li><li><a href="http://read.bi/pay6">List of Credit Card Processing Companies</a></li><li><a href="http://read.bi/pay7">List of Credit Card Processing Networks</a></li><li><a href="http://read.bi/pay8">List of Payment Gateway Providers</a></li><li><a href="http://read.bi/pay9">M-Commerce: Mobile Shopping Trends</a></li><li><a href="http://read.bi/pay10">E-Commerce Payment Technologies and Trends</a></li></ul></div>

DIGITAL HEALTH BRIEFING: CES 2018 healthtech roundup - AI digital assistant can help emergency dispatchers - UnitedHealthcare adds new digital features

52. The Republic of Samsung

<div class="KonaFilter image-container display-table"><div><div class="image">REUTERS/Larry Downing</div></div></div>
Former Treasury Secretary Tim Geithner was one of the more controversial figures of both the financial crisis, and the subsequent first years of the Obama administration, having been perceived as too close to Wall Street. Many also said he failed to do enough to provide relief to homeowners hit by the crash.
In his new book <a href="http://www.amazon.com/gp/product/0804138591/ref=amb_link_421241422_1?pf_rd_m=ATVPDKIKX0DER&amp;pf_rd_s=auto-sparkle&amp;pf_rd_r=1MSQMGXM1HY4PMQZYMDB&amp;pf_rd_t=301&amp;pf_rd_p=1828126922&amp;pf_rd_i=stress%20test">"Stress Test"</a>, Geithner addresses all these issues. He makes a compelling case that the first accusation was definitely not true, and that Treasury did all it reasonably could to address the latter the situation. The main lesson Geithner teaches provides is the nature of decision making in Washington - which will leave you even more depressed about how things get done there.
With that in mind, here are the nine related things we learned in our reading. 
<h2>1) Everyone gets Geithner's background wrong</h2>
The principal criticism of Geithner during his term at Treasury was that he was too close to the banks. Many pointed to his term as head of the New York Fed. But some would point to a non-existent stint at Goldman Sachs as the most firm evidence. 
In fact, Geithner has only spent a few years of his entire career in the private sector, and they were right at the beginning of his career: As an Asia specialist at Henry Kissinger's consulting firm. This was followed by getting asked by Larry Summers to come on as a Treasury functionary, then a stint at the IMF, then the New York Fed, and finally back to Treasury. 
Geithner says the idea of an eight-figure salary never inspired him, and that he preferred the career of a problem solver. He asserts he found much of what Wall Street did before and during the crisis, like AIG's decision to pay out bonuses, totally amoral. But he remains furious at the accusations of conflicts of interest. 
"I was sick of the insinuations, so prevalent in Washington, that any advocates of using emergency authorities to quell the panic must be acting at the behest of big banks," he writes. "The stability of the entire banking system was at risk. The economy was already hurting badly." 
<h2>2) There are some behind-the-scenes mandarins you should set up Google Alerts for.</h2>
Geithner is effusive with praising his team both at the New York Fed and at Treasury. There are a few people in particular who he says were indispensable:
<h3>Meg McConnell</h3>
Current: Senior Vice President and Director of the Office of Financial Stability &amp; Regulatory Policy at the New York Fed.
Anecdote: "Meg has a feel for the dark side of any situation."
<h3>Matt Kabaker</h3>
Current: Senior Managing Director, Centerbridge Partners
"The stress test would end up having many other virtues I didn't foresee at the time. Kabaker later dubbed it "the gift that keeps on giving."
<h3>Lee Sachs </h3>
Current: CEO of Alliance Partners
Anecdote: "Lee kept saying he could feel the markets tremble with every exploratory call to New York from a White House staffer."
<h3>Neil Wolin</h3>
Current: Unknown (most recently Acting Treasury Secretary)
"After Oxford and Yale Law School, Neal had worked for Bob Gates at the CIA; he had been Treasury's general counsel during the Clinton administration; he had run a major insurance business; and how he was a deputy White House counsel. Rahm immediately told him to get the fuck over to Treasury to help me, without even specifying a job."
<h2>3) There are others who weren't part of Geithner's team that we get keen insight into.</h2>
<h3>Pete Rouse</h3>
Obama's former chief is staff (he now works at a law firm) is described as the man responsible for getting Elizabeth Warren to run for senate instead of heading up the Consumer Financial Protection Bureau.
<h3>Rodgin Cohen</h3>
Cohen, the chairman of megafirm Sullivan &amp; Cromwell, is described as "Wall Street's trauma surgeon," having represented basically every firm that went critical during the crisis. 
<h3>Mitch McConnell</h3>
Geithner found many of the Senate Minority leader's beliefs and methods offensive, but appreciated his unusual candor, and willingness to recognize un-winnable battles. 
<h3>John Boehner</h3>
Geithner reserves special praise for John Boehner, whom he says did the best he could to keep the House wolves calling for a U.S. default at bay. "I kind of liked Boehner," Geithner writes. "He had an easygoing manner, and he seemed lonely in his new position as a pragmatic conservative surrounded by extremists." 
<h2>4) Geithner swears as much as Rahm Emanuel. </h2>
Maybe it's the height thing - but Geithner humorously (and also occasionally ragefully) - drops a fair amount of obscenities. Here's the count according to an Amazon search (which may undercount):
Fucking: 8*
Fuck: 6
Clusterfuck: 2
Fucked: 1
Shit: 2
Shitty: 1
*Also includes "NFW", abbreviation of "no fucking way."
An example: "I'm the fucking Treasury secretary and I can't see these numbers?" Geithner screams - at New York Fed employees - his former colleagues, no less - over their unwillingness to show him very preliminary stress test data (he concedes the numbers were prone to shifting at that point).
<h2>5) Your worst fears about Congress are true</h2>
Geithner provides multiple examples of just how craven, idiotic and generally pathetic elected officials can be. The most memorable is anecdote about Mark Kirk, the Senator from Illinois who ultimately took over the seat Gov. Rod Blagojevich was convicted of trying to sell. While in Beijing on his first trip as secretary, Geithner heard that Kirk had told Chinese officials not to buy U.S. Treasuries because runaway government spending was driving us towards default and that the Fed was creating hyperinflation.
"I couldn't believe it," Geithner writes. "Not only were those fears delusional, but he was undermining American interests on foreign soil." 
In debating the financial reform bill, he encountered freshly elected Sen. Scott Brown. "When the conversation finally turned to substance, he said he liked the idea of financial reform and expected to be with us," Geithner writes. "But without any irony or self-consciousness, he said he needed to protect two financial institutions in Massachusetts from the Volcker Rule's restrictions. Then he furrowed his brow and turned to his aide. 'Which ones are they, again?' he asked."
<h2>6) And there are some officials who Geithner thinks exacerbated the crisis, or deserve total scorn.</h2>
The most consequential is Sheila Bair, the head of the FDIC during the crisis. Geithner says Bair dropped the ball on numerous occasions: By not taking advantage of the emergency powers Congress extended to the FDIC to guarantee Washington Mutual 's, sending the cost of insuring against corporate defaults skyward and, Geithner says, dooming Wachovia to a shotgun marriage-buyout by Citi. She is ultimately given a reprieve in the acknowledgments section - and <a href="http://fortune.com/2014/05/20/sheila-bair-why-i-recommend-tim-geithners-book/">Bair herself said she was fine with Geithner's characterizations of their disagreements</a>. But it's clear Geithner believes she made some serious tactical errors, including ones that remain a of the financial system today. 
The same privilege was not bestowed on Neil Barofksy, the former prosecutor appointed by Hank Paulson as the special inspector general for the troubled asset relief fund. In July of 2009, Barofsky released a report saying TARP had exposed taxpayers to $23.7 trillion in potential losses. This was merely the size of the market the government had backstopped. But for losses ever to mount that high would require every mortgage backed by Fannie and Freddie to default, and home prices to collapse to zero. Despite the absurdity of this claim, it got picked up in most media outlets. 
Geithner obliterates Barofsky for this claim, and his overall attitude in his role. "Barofsky's desire to prevent perfidy was untainted by financial knowledge or experience. He assumed our motives were self-evidently sinister, as if we had helped banks for fun and profit rather than to cure a metastasizing financial crisis." Geithner adds: "Hank Paulson apologized to me twice during our work together - once for initially failing to persuade the House to pass TARP, and once for bequeathing me Barofksy." Oh my god. 
<h2>7) About the housing programs</h2>
Geithner admits that the numbers he put out for how many homeowners could be helped by the HAMP and HARP relief programs were wildly off the mark. At one point they did consider granting permanent loan modifications to anyone with a trial mod, but decided against it as it would create too much opportunity for fraud, given everything that was coming out at the time about "no-doc loans" and "liar loans." The programs were also overly reliant on the same mortgage servicing industry that had caused the crisis - but there was no way Treasury would be able to create and hire for an agency to do it for them, Geithner said. Still, he argues Treasury successfully put a floor under home prices by ending the broader crisis, and that allowing values to start rising again did provide major relief.
<h2>8) Geithner left some figurative policy-men behind that he urges the administration to pick up. </h2>
Mainly, Dodd-Frank actually eliminated the FDIC's debt guarantee authority, as well as the Fed's ability to intervene with specific firms, as it did with Bear Stearns, AIG, Citi and BofA. "That power wouldn't be necessary if the FDIC still had broad guarantee authority, but losing both could be disastrous." For anyone who would say that such powers create moral hazard, Geithner quotes Stanley Fischer that "condoms don't cause sex." 
<h2>9) Reviewers of "Stress Test" are still hammering Geithner for not doing enough, and it's not clear they're fair</h2>
<a href="http://www.nybooks.com/articles/archives/2014/jul/10/geithner-does-he-pass-test/">Here's Paul Krugman:</a>
Geithner also makes some demonstrably false statements about the public debate over stimulus. "At the time," he declares, "$800 billion over two years was considered extraordinarily aggressive, twice as much as a group of 387 mostly left-leaning economists had just recommended in a public letter." Um, no. A number of economists, including Columbia's Joseph Stiglitz and myself, were warning that the package was too small; so was Romer, internally.
<a href="https://www.creditwritedowns.com/2014/05/tim-geithner-us-bailout-post-mortem.html">And here's Ed Harrison:</a>
I think the Geithner world view is heavily skewed by his having been surrounded by self-interested elites in New York and Washington who were understandably pleading their case, a case that was banking-centric and less focused on the competing interests of homeowners, wage earners and the voting public.
It's true that Geithner moved mountains to rescue the banks, and you can thus ague that he did not demonstrate the same force in getting a larger economic stimulus through Congress. But the crisis had the misfortune of occurring soon after an election. Geithner argues that "Politics ultimately determine what gets done" on fiscal policy, "and you can't afford to get bogged down in a protracted fight." Given what we see out of Congress these days, you're inclined to say it's amazing he got through anything at all.

The 9 Most Important Things We Learned From Tim Geithner's Book

If it sometimes feels like advertisers don't treat you like a human being, don't worry, they do.
It's just that they treat you like a bunch of human beings packed into one.
We recently stumbled across <a href="http://reference.mapinfo.com/software/anysite_segmentation/english/2_0_1/PersonicX_Binder.pdf">a packet</a> from Little Rock, Ark.-based marketing data firm Acxiom for their "Life stage segmentation system" called "PersonicX® Cluster Perspectives."
Acxiom has broken down American society into 21 composite characters at various life stages according to income, marital status, number of children, age, etc.
The PersonicX system "enables you to see the dramatic difference between the consumer behaviors of the affluent, retiring couple living right next door to the young family just starting out. PersonicX helps you tailor your marketing strategies with a level of precision only offered by a household-level segmentation system and the most accurate, up-to-date data source in the market."
The descriptions of these consumers are hilariously, impeccably detailed.
We picked the 7 best ones and reproduced them in full below.
<h2 class="p1"><div class="KonaFilter image-container display-table float_right"><div><div class="image"><a href="http://reference.mapinfo.com/software/anysite_segmentation/english/2_0_1/PersonicX_Binder.pdf">PersonicX</a></div></div></div>BEGINNINGS, A DAY IN THE LIFE</h2>
Name of protagonist: "Jimmy"
Wakes up…late because he stayed up too late playing games online the night before. Grabs a quick shower and has leftover pizza for breakfast.
Spends the day…at the car dealership where he is a salesman. He's a good salesperson and is already above quota with four days left in the month. He spent half the day talking to his new girlfriend on his cell phone.
Talks about weekend plans to…play a game of football or basketball with friends, or catch a movie and come back by the evening to go see one of his favorite local bands that is playing down at Joe's Pub and Pool Hall, one of his regular hangouts. Has a meeting with…his sales manager to discuss a deep discount for his new girlfriend. She wants that new black Pontiac G6 that they got in last week.
Spends the evening…meeting his roommate back at the apartment. They order pizza and watch Adult Swim or reruns of Family Guy as well as the reality TV offerings on MTV. He has a few beers at the apartment and texts his girlfriend while checking the game scores at ESPN.com. Later, he and his roommate go down the street to The Tavern where he meets his new girlfriend.
Goes to bed at…1:30 a.m., flipping between…WWE Wrestling and MTV.
<h2 class="p1"><div class="KonaFilter image-container display-table float_right"><div><div class="image"><a href="http://reference.mapinfo.com/software/anysite_segmentation/english/2_0_1/PersonicX_Binder.pdf">PersonicX</a></div></div></div>TAKING HOLD, A DAY IN THE LIFE</h2>
Name of protagonist: "Maria"
Wakes up…grabs the remote and flips on alternative rock radio. She gets up, goes to the kitchen, grabs a bottle of water and goes to the third bedroom that doubles as the workout room. She runs on the treadmill for 30 minutes.
Spends the day…researching a big liability case for the law firm where she works as a paralegal. She calls her husband and reminds him that it's his parents' anniversary and that it is a good idea to at least offer to take them out to dinner that week or cook a dinner for them in their gourmet kitchen. Talks about weekend plans to…go camping to get away from it all. The weather is supposed to be perfect for it, finally cooling down after that heat wave.
Has a meeting with…the group of attorneys that is working on the case to discuss the fact that they were not going to have any case based on precedents of two similar cases.
Spends the evening…driving to the athletic club and playing tennis with her group of friends. Meets her husband for a late dinner at Jay's Pizza. She has soup and salad with a Corona Light beer. Later they spend time online shopping for a new TV, hopefully one of those nice flat screens with HDTV and a Blu-ray player.
Goes to bed at…11:30 p.m. after a half hour of pilates, watching…Scrubs reruns
<h2><div class="KonaFilter image-container display-table float_right"><div><div class="image">PersonicX</div></div></div>TRANSITION TIME, A DAY IN THE LIFE</h2>
Name of protagonist: "J.D."
Wakes up…and notices a small yellow spot on the ceiling of the bedroom in his doublewide mobile home. He thought to himself that he didn't completely seal the leak in the roof. He knew his wife would be angry. She told him he needed to use a roof sealant, not the caulk in the toolbox. He made some instant coffee and took a shower.
Spends the day…working as a foreman in a paper products factory. He has a team of four truck loaders that report to him, and a typical factory schedule: involves punching the clock and working 8:00 to 5:00 with two daily, 15-minute breaks and an hour for lunch.
Talks about weekend plans to…go hunting. Deer hunting season starts this weekend and he's got a lease to hunt on some property with several guys at the factory.
Has a meeting with…his deer hunting buddies to make plans about who needs to bring what to the property lease this weekend.
Spends the evening…adjusting the throttle body on his wife's car and putting some more caulk on the roof while she makes dinner. They have sloppy joes made with a canned mix and watch King of the Hill and CMT. His wife cleans up the kitchen and spends the rest of the evening reading magazines.
Goes to bed at…10:30 p.m., watching…nothing. His wife can't sleep when the TV is on or music is playing.
<h2><div class="KonaFilter image-container display-table float_right"><div><div class="image"><a href="http://reference.mapinfo.com/software/anysite_segmentation/english/2_0_1/PersonicX_Binder.pdf">PersonicX</a></div></div></div>FLYING SOLO, A DAY IN THE LIFE</h2>
Name of protagonist: "Jackie"
Wakes up…gets out of bed after hitting the snooze button several times. She listens to a station with an urban format. She has a bowl of Kellogg's Special K Red Berries and a Rockstar energy drink before heading to the subway from her apartment a few blocks away.
Spends the day…working as a compliance assistant in a brokerage firm downtown. She tried being a sales assistant, with dreams of being a broker, but quickly decided that it wasn't for her. The job isn't exactly executive level and her parents wonder why she didn't finish her college education. She opens a can of chicken for lunch in the break room and catches up on the office gossip with her girlfriends. Talks about weekend plans to…go dancing with her friends at the new club that just opened.
Has a meeting with…the compliance manager. She does a good, thorough job and has good relationships with her co-workers, but her data entry speed is just a little slow. She'll need to work on it if she wants to advance to team leader.
Spends the evening…grabbing a quick drink with co-workers after work and then rides the subway back home. Reads the new issue of Cosmopolitan magazine that arrived in today's mail. She fixes pasta and a pre-made spaghetti sauce for dinner and surfs the Internet checking job sites and making a purchase here and there while watching a movie she had rented.
Goes to bed at…11:30 p.m., watching…reruns of Scrubs.
<h2><div class="KonaFilter image-container display-table float_right"><div><div class="image"><a href="http://reference.mapinfo.com/software/anysite_segmentation/english/2_0_1/PersonicX_Binder.pdf">PersonicX</a></div></div></div>MIXED SINGLES, A DAY IN THE LIFE</h2>
Name of protagonist:"Malcolm"
Wakes up…warms up some Entenmann's cake for breakfast and washes it down with skim milk.
Spends the day…looking for a new job on the Internet, and listening to Urban radio, missing his first class at Phillips Community College. He hates the instructor and figures that he was going to drop that class anyway.
Talks about weekend plans to…hang out with his buddies, checking out the latest dance club and maybe go to the opening weekend of the latest movie.
Has a meeting with…his financial aid counselor to find out if he could still receive financial aid if he drops the course.
Spends the evening…working the late shift in the grocery store. It's a boring job, but the two M.O.D. (Managers on Duty) are okay to work for. He's a checker for part of the evening, then a stocker. He gets off work at 2:00 a.m.
 Goes to bed at…3:00 a.m., watching…Family Guy
<h2 class="p1"><div class="KonaFilter image-container display-table float_right"><div><div class="image"><a href="http://reference.mapinfo.com/software/anysite_segmentation/english/2_0_1/PersonicX_Binder.pdf">PersonicX</a></div></div></div>CASH &amp; CAREERS, A DAY IN THE LIFE</h2>
Name of protagonist: "Derek"
Wakes up…hits snooze on his alarm clock/sound machine. It is 5:00 a.m. His back has started to hurt recently and he takes a moment to stretch and work out the kinks. He jogs his usual three miles regardless of the weather. He would run farther, but there's not enough time. He gets back to the house and logs on to get tickets to an upcoming rock concert.
Spends the day…at his job as an educational administrator at Bridgewater Academy. He's preparing for a meeting with the Academy's largest benefactors to provide a construction update on the new science building.
Has a meeting…with the fertility doctor. He and his wife have been trying to get pregnant for a few years.
Talks about weekend plans to…play golf on Saturday with some colleagues, then have friends over for dinner, comparing some newly acquired wines. Spends the evening…reading a John Grisham novel. He can't take it to work because all of the instructors give him a hard time about reading "that best-seller trash."
Goes to bed at…10:00 p.m., watching…nothing. He has to get a full seven hours of sleep for his morning run.
<h2 class="p1"><div class="KonaFilter image-container display-table float_right"><div><div class="image"><a href="http://reference.mapinfo.com/software/anysite_segmentation/english/2_0_1/PersonicX_Binder.pdf">PersonicX</a></div></div></div>MIDDLING SINGLES, A DAY IN THE LIFE</h2>
Name of protagonist:"Richard"
Wakes up…tunes in to NPR and catches the morning news. The meteorologist is predicting rain today. He jumps on the subway; its shoulder-to-shoulder as usual.
Spends the day…at his cubicle in the insurance claims department, researching his company's benefits policies and watching the CNN news ticker run across the bottom of his screen.
Talks about weekend plans to…give Paula, his 36-year-old "friend," a call even though it has been two months since they last talked. He has two tickets to the John Mayer concert and thought she'd be a fun date. Afterward they could grab a bite to eat.
Has a meeting with…his travel agent to discuss plans for an upcoming trip to the Bahamas with his buddies. He has noticed that the agent is very attractive and recently divorced.
Spends the evening…working out at the gym. He showers and then heads home for dinner, making pasta and watching The Office. After dinner he updates his profile on Facebook just to let his friends know what's going on.
Goes to bed at…11:30 p.m., watching…a new TV show he just downloaded off of the Internet.

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