Paul McLellan’s Post

Previous research suggests that Black newborns are most likely to survive if cared for by Black physicians after birth; however, a new PNAS study by George J. Borjas & Robert VerBruggen shows the magnitude of the concordance effect weakens attenuates after controlling for birth weight. Specifically, the data show that white physicians are more likely to care for Black patients with very low birth weights, who already have a lower rate of survival. The study highlights how different research design decisions can yield different empirical findings. Read more: https://bit.ly/3MRmaSS

Third instalment in my series on the left for the M&G - https://lnkd.in/dFmnJX2k

Phase one: diagnosis.

https://lnkd.in/epgUP9qN states of emergency have not been the exception but the rule of governance in this country, multilevel reinforced by institutional logics. We have followed the language of individualist America and the EU neoliberals-third way thinking. In a parallel world, problems of structural inequality that greet the little sovereign are framed in a commodified way to maximise the tale of two cities, that has the world in its grip, convergences and divergences - multiple level complicities enacted and reenacted in social reproduction of knowledge etc. For example forms of life can over preordain structural problems of maldistribution as invidious defects of transitional biologics, where large SupraNational groups merely accommodate and reinforce an intermediation of individualism and interpersonal frames of people recognition. Its a tenacious tale and seductive force in history that covers for truly bad governance of societies.

New Year Predictions for 2025 Exactly a year ago, after the EU granted Georgia candidate status, I predicted a post-election coalition government, better governance, and major foreign investments in entertainment & tech. I was wrong. 2024 has been Georgia’s most tumultuous year in its recent history, with huge protests against the ruling GD party’s rapid (and rabid) turn into an anti-Western and anti-constitutional autocracy. While my timing was off, I’m more optimistic than ever for 2025. It’s no longer about just improving governance; I foresee truly transcendental changes in Georgian society. In a few hours, hundreds of thousands of citizens will again be in the streets, demanding new elections and the release of all political prisoners instead of celebrating New Year’s Eve at home with their families. But the conversations among people in Georgian towns and cities go deeper. People talk about societal catharsis, its 35-year journey to freedom, and the rebirth as a new nation, integral to Western civilization. On New Year’s Eve, Tbilisi is becoming the easternmost capital of the Western world. P.S. Video coming soon…

National Foundation for Cancer Research (NFCR) is one of many organizations across the country that remind you that August is National Make-a-Will Month. “An individual’s wealth and assets may determine how lengthy or in-depth a will or estate planning may be, but it certainly does not dictate the need. Every family, regardless of their wealth should have a will because of the peace of mind and ease that it can bring upon the person’s passing. If there is no will, things have a tendency of getting complicated quickly, leading to the state’s involvement, possible family feuds and ultimately a delay in settlements.” The NFCR offers six great tips for getting started. Select the link for those tips. https://ow.ly/OYbT50SW4ez #makeawillmonth #lastwill #estateplanning #probate #nfcr #lastwillandtestament #aging

Wish you all a very Happy Independence Day!! As India celebrates its 78th Independence Day, it's time to reflect on more than just our nation’s freedom—it's time to think about your financial independence. Just as our country fought for its freedom, achieving financial freedom requires determination, planning, and action. This is your moment to take charge of your financial destiny. Whether you're just starting your investment journey or looking to refine your strategy, there's no better time than now. By setting clear financial goals, building a diversified portfolio, and seeking the right advice, you can secure your future and enjoy the freedom to live life on your terms. Don't wait for tomorrow. Let this Independence Day be the day you declare your own financial freedom. Start investing today, and take the first step towards a prosperous future. Ready to begin? Contact us to start your journey to financial independence today! Jai Hind!!

‘Starmer’s policy agenda has important differences from Tony Blair’s. For a start it’s more statist, as we can see with the renationalisation of the railway lines that aren’t already back in public ownership, and Ed Miliband’s creation of the state-owned GB Energy. The prime minister’s personal politics are to the left of his predecessor’s. There is a logic to staffing up an inexperienced team with those who served Labour’s most electorally successful leader. Yet, as with the Tories, the challenges of today are not the same as 1997. Perhaps the most telling example, so far, of the dangers of using an old playbook, was the decision to rule out raising any of the main taxes during the election. This is seen as a critical moment in Blair’s success. But in 1997 there was strong growth that allowed money to be put into public services without tax rises. That isn’t true now, and so the government have found themselves in a trap that is at least partly of their own making. It isn’t possible to avoid tax increases, maintain rules around borrowing, and avoid a further wave of austerity. Something has to give. Likewise, when it comes to the NHS, it’s all very well bringing back people like Milburn and Wes Streeting’s adviser Paul Corrigan who ran New Labour’s reform program, but they did so under completely different circumstances, with whopping annual spending increases and more experienced staff. The approach to reform today will, by necessity, have to look very different. The need to do things differently doesn’t just apply to policy, but to the way government communicates. Alastair Campbell revolutionized “spin” in the 1990s. His approach worked back in the pre-internet days but is far less effective now. Sticking out bad news at 7.30pm on a Friday night was a cynical but effective move when newspapers and BBC bulletins were the main ways voters got information, but today it just looks desperate, and doesn’t make much difference to how much coverage the story gets. Even the phrases that only politicians use – like “I’ll take no lectures from” or “hard-working families up and down the country” – now seem archaic.’ https://lnkd.in/gMx8nch9

A very thought provoking article by Shri @rammadhav Ji

Do you estimate effective age by physical depreciation? Please think again. Effective age is an economic concept, not a condition concept. Think of it as Economic Effective Age.