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Americans spent $162.4 billion on prescription drugs in 2002, up from less than $100 billion a decade ago. The reasons for the boom are many. Prices on individual drugs have climbed sharply. More people are also taking what might be termed lifestyle drugs. And physicians are increasingly prescribing drugs for children and multiple drugs for an aging population. Yet the disparity between U.S. and other countries' drug prices is becoming a major sore point. The reason drug companies charge more in the U.S. is that, until lately, the market would bear it. Most countries in the world are too poor...
...just because PBS aired The Forgetting, a first-rate documentary about Alzheimer's worth catching in reruns if you missed it the first time. There was also a flurry of scientific news that offered hope to the families already struggling with Alzheimer's, as well as to the baby-boom generation that's up next. Unless something dramatic happens, the number of Americans living with this terrifying brain disease could triple, to about 16 million, over the next 50 years. There's still no cure in sight, but there is progress on several fronts. Among them...
...boom. In the end, of course, bipolar disorder is no joke. Suzanne goes into reverse, into the lethal subtraction of depression--first happiness goes, then feeling of any kind. When a doctor treats her with an unsuitable new prescription, she ends up in a mental hospital, the usual cuckoo's nest of chain smokers and emotional skulduggery. There's some light at the end of the tunnel, but the point of this book is not the destination. It's the haywire road Suzanne takes as she drives herself crazy. Fisher can drive you crazy too. But when she pulls...
...Reuters/CRB commodity index rose 9% in 2003, to its highest level since 1996. Do soaring prices for raw materials mean inflation for finished goods, as in the '70s and '80s? "Almost certainly not," Ben Bernanke, a Federal Reserve Board governor, said recently. Sure, China's infrastructure and consumer-spending boom have bolstered demand for commodities. China purchased some 20% of the world's copper last year, compared with 5% in 1990. This demand pushes prices up, but China's capacity is expanding in step, keeping a lid on the price of finished goods. "China works both sides of the equation...
Dubai's tourist boom is part of a bold plan to transform the tiny city-state (part of the United Arab Emirates) into a Middle Eastern Singapore--that is, an ultra-efficient regional service center and tourist destination that benefits from the innovative yet unobtrusive hand of a benevolent leader. In Dubai that would be Sheik Mohammed bin Rashid al Maktoum, the ambitious Crown Prince whose dreams for Dubai leave those of most other gulf princes in the camel age. "They have been bold, and they have been strategic," acknowledges Sheik Mohammed, but he adds, "I have achieved only...