Word: abandonement
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...question in medicine this days is, when do we abandon a procedure we know works really well in favor of a new one that may work better? Medicine 2.0 often involves incremental improvement of things we're already pretty good at - making things safer or faster, more reliable and, yes, more attractive to patients. That last one, called "patient acceptance" by the industry, is a huge factor in our for-profit, marketing-driven world. But should patients, even really bright patients, who read every word on the Internet about their afflictions, be driving such choices...
...Israel's Public Security Minister Avi Dichter said that the new sanctions would not "cross the red line in terms of inflicting humanitarian damage." This precaution was seconded by Rice, who said, "We will not abandon the innocent Palestinians in Gaza." She added: "We will make every effort to deal with their humanitarian needs." But aid officials are skeptical that the moves being weighed by Israel such as turning off the power supply will hurt only militants and not the Palestinian civilians, many of them refugees, crowded into the narrow Gaza Strip. One international aid representative in Jerusalem denounced...
Niccolò Machiavelli offered a famously dim view of human nature in The Prince. People are so "ungrateful, fickle, [and] false," he wrote, that a ruler should comfortably abandon conventional morality in dealing with them. He should slay deposed rulers and their families, recognize that friendship "yields nothing," and, beneath a veneer of compassion and honesty, master treachery and deceit. In short, because man is evil, leaders must know "how to do evil...
Contrary to Bogle's prediction, though, the rise of the credentialed pros and commensurate decline of often ill-informed part-timers haven't stabilized a thing. This year we've seen the professionally managed market for mortgage securities travel from giddy abandon to deep despair in a matter of months, dragging other markets down with it. That's just this year: think back to the rise and fall of the dotcoms, the emerging-markets meltdown of 1997 and 1998, the bond crash of 1994, the stock crash of 1987. As Bogle put it a few years back, "Keynes one, Bogle...
...candidate who claims to be deeply religious deals with religion's improbabilities. It will be amusing if Romney is done in by a fear of his religious values because, as near as we can tell, he has no values of any sort that he wouldn't happily abandon if they became a burden. But in politics, you are who you pretend...