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The 3X Rule
When I worked in California in the 1980’s, I belonged to the Silicon Valley Chapter of the Financial Executives Institute. The membership included most of the CFOs and Treasurers of the technology companies in the area. This included Hewlett Packard, Intel, Oracle, Apple and other startups at the time.
Financial managers as a group are a pretty skeptical lot. We had the “3X Rule”. This stated that every major product launch, software or hardware, took three times as much money and required three times as long as operating management estimated.
The Obama administration obviously was not aware of the 3X Rule when it launched its website and is paying the price. But they are not alone. Look at the Denver airport. It opened with great fanfare over a state of the art computer system to direct passenger luggage through its labyrinth. It took many months to get the thing running to great ridicule in the national press. British Airways had the same experience when it opened Terminal 5 at Heathrow.
I personally feel that the Affordable Care Act is only the first step on a long road to bringing more cost effective and more equitable healthcare to the American people. It will take great political will to overcome the entrenched interests of the medical, insurance, and pharmaceutical industries that are now commanding 20% of our nation’s GDP, almost three times that paid for medical care in other advanced countries.
Scott, I think we agree that the Supreme Court reaffirmed the right to legislate to regulate the use of arms. There are many common sense measures, and I think they need to be done on the national level to reduce gun trafficking. Unfortunately, there is much misinformation being promulgated that feeds on emotion of the public.
Donald, the Second Amendment and a long history of judicial opinion provide for the regulation of arms for the public good. You might pick up in the library "A Well Regulated Militia" by Saul Cornell. It traces the history of the Second Amendment and shows that our colonial fathers were very careful in the use of arms. This carries through to today where we have many common sense restrictions on the items that can be harmful to the public good. Unfortunately, we have many biased and misinformed persons claiming unfettered rights that do not exist in the intent of the Second Amendment or in established law. Please look into this matter and join the wave of concerned Americans who wish for our country to have more sensible gun controls and better protection of our children from gun abuse. Nobody is going to take your hunting away from you, but maybe we do not need high capacity magazines in general distribution.
Last login: Thursday, July 10, 2014
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