U.S. Tooth Fairy Spending Rebounds, Up 15%

Tooth Fairy Now Leaves an Average of $3 Per Tooth, Up From $2.60 in 2011

Visa Creates Free App for Parents to Determine Their Own Payment Amount

SAN FRANCISCO, Sept. 4, 2012 /PRNewswire/ — Economic conditions in the U.S. are improving in at least one sector – children who receive money from the Tooth Fairy.  A survey released by Visa shows that the Tooth Fairy is leaving an average of $3.00 per tooth this year, an increase of 15% over the $2.60 left in 2011.

“The Tooth Fairy may be the canary in the economic coal mine.  She’s showing signs of life by leaving 40 cents more per tooth this year,” said Jason Alderman, Senior Director of Global Financial Education, Visa Inc.  “This is not only good news for kids, but an ideal teachable moment for parents to engage their children in thinking about how to budget their windfall by saving a portion,” Alderman added.

To help parents answer the perennial question of how much their children should receive from the Tooth Fairy, Visa has created a new mobile app and online calculator that recommends an appropriate amount to leave for each tooth.

The free app and calculator uses Visa’s survey data and factors in demographics such as gender, age, home state, income and education levels to formulate how much money the Tooth Fairy is leaving in comparable households. The app is available for iPhones and iPads at the iTunes Store, while the calculator is available at: www.PracticalMoneySkills.com/ToothFairy.

Additional findings in the survey include:

  • 3% of children receive less than a dollar, down from 7% last year.
  • 30% of children receive exactly $1.  Last year’s survey showed that 29% of children received exactly $1.
  • 13% of children receive between $2 to $4, down from 18% last year.
  • 18% of children receive $5, the same amount as compared to last year.
  • 8% of children receive more than $5, compared to 3% last year.

The calculator is part of Visa’s free, award-winning financial education program, Practical Money Skills for Life, which reaches millions of people around the world each year.  Launched in 1995, the program is now available in 10 languages in more than 30 countries.  At Practical Money Skills for Life, educators, parents and students can access free educational resources including personal finance articles, games, lesson plans, and more.

*The survey results are based on 2,000 telephone interviews conducted nationally from July 13 – July 17, 2012 in cooperation with GfK Roper’s Omnibus Service “OmniTel”. The margin of error is +/-4 percentage points.

PR Newswire (http://s.tt/1mqGI)

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A perfect storm for dental associates? Alan Suggett’s opinion piece

Here’s an excerpt from the most recent UNW Dental Bulletin written by Alan Suggett and his team. I see little evidence to the contrary, in fact things are getting worse for some but not for all.

To contact Alan & UNW:

0191 243 6009

07860 2460718

alansuggett@unw.co.uk

www.unw.co.uk

A perfect storm for dental associates?

A number of unconnected events have made me think a “perfect storm” could be approaching for dental associates.

What are these events?

Feedback from the NHS pilots is that associates are having to work harder for less pay.

Under the current contract I have seen a decline in pay rates amongst my associate clients over recent years. Histori- cally a “50%” deal has been the norm. Nowadays 50% of a £20 UDA rate rather than 50% of the practice rate is most common.

Fewer opportunities to “escape” being an associate by either buying a practice, or a share of one (i.e. by buying into a partnership). Corporates are hoovering up practices, particularly IDH with large practices and other national cor- porates (such as Apex), or regional groups buying smaller practices. Also there are more entrepreneurial princi- pals who are keen to acquire larger shares in practices rather than allowing an associate to buy in.

Goodwill values are high – because of competition between buyers for all sizes of practices, sale values continue to be high.

Bank funding is more difficult to obtain. Although it’s fair to say that banks are keen to lend to dentists (far keener than to lend to other business sectors!), there are still a couple of potential problems. Firstly most banks require a significant deposit – not many associates in my experience have tens of thousands of pounds available. Secondly shorter repayment periods for goodwill funding which one of the major lenders has introduced, and even shorter still if the EFG scheme is used. It can be a big problem repaying loan capital out of profits which have been taxed at 40% (or perhaps 45%), made even worse if the repayment period is shortened.

So… ... reduced pay, less opportunity to buy practices which cost more (if you can find one), and harder to borrow the money and pay it back!

It could get even worse, just think of those young dentists becoming associates. I recently became aware of the deal being offered to new associates by one of the large corporates. A very low salary, paid under PAYE rather than on a self employed basis!

And finally... … the new NHS contract could be framed in such a way that self-employed status of associates is lost.

I don’t like ending on a low note – so what consolation can I give to associates?

Not much – other than the fact that, in these very difficult economic times, compared to other professions, on balance you are still better off than most other graduates.

ALAN SUGGETT

0191 243 6009

07860 2460718

alansuggett@unw.co.uk

A Multidisciplinary Approach To TMD Problems

Upcoming Course in Central London

A MULTIDISCIPLINARY APPROACH TO TMD PROBLEMS

 FRIDAY 26TH OCTOBER 2012 AT HOLIDAY INN,

WELBECK STREET, OXFORD CIRCUS, LONDON, TEL: 0207 316 4663

PROGRAMME

08:30 – 09:00        Registration – tea/coffee

09:00 – 09:30 RICHARD DEAN – Is a general practitioner with special interest in occlusal, TMJ problems, and dental orthopaedics– AN OVERVIEW OF DIAGNOSIS OF TMJ PROBLEMS.

09:30 – 10:00 PATRICK GROSSMANN – Is a specialist Orthodontist with a practice devoted to TMJ problems and functional orthodontics – AN OVERVIEW OF  SPLINTS FOR TREATING INTERNAL DERANGEMENTS.

10:00 – 11:00 HELEN JONES – Is a specialist Orthodontist whose career has been  devoted to functional orthodontics.   THE EFFECTS OF JAW PROBLEMS ON THE REST OF THE BODY.

11:00 – 11:30 Coffee break

11:30 – 13:00 KEVIN LOTZOF – MBBCh., FRCR – Is a Consultant Radiologist with a special interest in TMJ problems – MRI DIAGNOSIS AND STAGING ACCORDING TO SEVERITY (Followed by discussion of individual cases).

13:00 – 14:00 LUNCH

14:00 – 15:00 ROBERT HENSHER – Is a Consultant Maxillo Facial Surgeon (FDS. FRCS)  He pioneered jaw joint replacement surgery, for which procedure he has a national and international reputation.  He has the honour to have been invited to join the American Society of TMJ Surgeons – INDICATIONS FOR SURGERY.

15:00 – 16:00 JONATHON HOWAT – Is a Chiropractor who founded the Sacro Occipital Group in Europe (SOTO) and has a special interest in working with dentists on TMJ problems – THE JAW/BODY RELATIONSHIPS.

16:00 – 16:30         Tea break

16:30 – 17:30         PRACTICAL KINESIOLOGY TESTING AND DISCUSSION.

7 hours CPD

COST: DENTAL SURGEONS – £195.00   PHYSICAL THERAPISTS – £145.00

NUMBERS ARE LIMITED AND FOR CATERING PURPOSES, PAYMENT MUST BE RECEIVED BEFORE 12TH OCTOBER 2012.

SEND CHEQUES PAYABLE TO R. DEAN, WRETHAM LODGE, PRIORY ROAD, FOREST ROW, EAST SUSSEX, RH18 5HR.  (01342) 824580.

E mail: richarddean@talk21.com

The Monday Morning Quote #185

“never underestimate the ability of fools when you design something that is foolproof”

Douglas Adams

The Greatest Breakthrough Since Lunchtime #5 – Japanese invention could end tooth decay

Japanese invention could end tooth decay

From Dentistry IQ

Scientists in Japan have created a microscopically thin film that can coat individual teeth to prevent decay or to make them appear whiter, the chief researcher said.

The “tooth patch” is a hard-wearing and ultra-flexible material made from hydroxyapatite, the main mineral in tooth enamel, that could also mean an end to sensitive teeth.

“This is the world’s first flexible apatite sheet, which we hope to use to protect teeth or repair damaged enamel,” said Shigeki Hontsu, professor at Kinki University’s Faculty of Biology-Oriented Science and Technology in western Japan.

“Dentists used to think an all-apatite sheet was just a dream, but we are aiming to create artificial enamel,” the outermost layer of a tooth, he said earlier this month.

Researchers can create film just 0.004 millimetres (0.00016 inches) thick by firing lasers at compressed blocks of hydroxyapatite in a vacuum to make individual particles pop out.

These particles fall onto a block of salt which is heated to crystallise them, before the salt stand is dissolved in water.

The film is scooped up onto filter paper and dried, after which it is robust enough to be picked up by a pair of tweezers.

“The moment you put it on a tooth surface, it becomes invisible. You can barely see it if you examine it under a light,” Hontsu told AFP by telephone.

The sheet has a number of minute holes that allow liquid and air to escape from underneath to prevent their forming bubbles when it is applied onto a tooth.

One problem is that it takes almost one day for the film to adhere firmly to the tooth’s surface, said Hontsu.

The film is currently transparent but it is possible to make it white for use in cosmetic dentistry.

Researchers are experimenting on disused human teeth at the moment but the team will soon move to tests with animals, Hontsu said, adding he was also trying it on his own teeth.

Five years or more would be needed before the film could be used in practical dental treatment such as covering exposed dentin — the sensitive layer underneath enamel — but it could be used cosmetically within three years, Hontsu said.

The technology, which has been jointly developed with Kazushi Yoshikawa, associate professor at Osaka Dental University, is patented in Japan and South Korea and applications are under way in the United States, Europe and China.

Private dental school to open

From the Independent

Britain’s first private dental school will open next September. The school, which will take 100 students a year on a five-year course costing £180,000, is expected to be the forerunner of many more private institutions offering specialist degree courses.

Based in Leicester, it is the result of a joint venture by the University of Buckingham – the country’s first private university – and the Leicester Dental Teaching Academy. Students, who under current rules will be eligible for loans up to a maximum of £9,000 a year, will receive an education that is more practically based. The 500 students will visit 400 patients a day.

The course is expected to appeal to the international market. David Willetts, the Universities minister, welcomed the initiative, saying that it would have “spin-off economic benefits to suppliers, contractors and the local economy”.

The new dean, Professor Stuart Morganstein, said the school “will prepare students for a lifetime career”.

From Dentistry

The UK’s first private dental school will open next September.

It’s aimed at a global market is announced today by the Leicester Dental Teaching Academy and the University of Buckingham.

The school, which will be located in Leicester and will take 100 students annually from September 2013, is a partnership between the Leicester Dental Teaching Academy and the University of Buckingham.

The five-year course, costing £180,000 is expected to be the forerunner of many more private institutions offering specialist degree courses.

The new Bachelors degree in Dental Surgery will be awarded by the University of Buckingham and the course is designed to meet GDC Outcome Measures and European standards as well as the requirements of the Quality Assurance Agency for Higher Education.

The degree course is specially designed to appeal to an international market.

Students will be introduced to patient care early on in their training and will be given a thorough grounding in business development, management and enterprise. They will gain an appreciation of the international business environment and cultures in other parts of the world such as India, Nigeria and China – and the impact of oral disease on societies around the world.

Once the school is up and running, the intention is to establish a charitable trust and to engage in research, as well as to award bursaries to promising students with limited means of support.

The new school will create employment in the city centre of Leicester in an area of economic regeneration and will provide free dental treatment to members of the public.

It is well supported by local financing and will be Leicester’s largest drop-in centre for dental services, open from 8am until 9pm.

Professor Terence Kealey, vice-chancellor of the University of Buckingham, said: ‘We are pleased to be pioneering a new dental school that will offer dental education internationally and dental services to the people of Leicester.’

More about the people:

www.dentalacademy.org.uk/ldta_people.php

& the curriculum

www.buckingham.ac.uk/dentistry/bds

 

The Monday Morning Quote #184

“The ONLY way to attack a problem… is to roll up your sleeves and dig in. And have a plan that includes a friggin’ deadline for finishing it.”

John Carlton

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