Word: buying
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...normal trajectory off the bottom, but that isn't the case, he says. "We still have high foreclosures that will persist into next year, high inventory, an unstable economy and high levels of unemployment" that will prevent the sector from rebounding quickly, he says. (See 10 things to buy during the recession...
...locally grown apples are coming up. Peach season just ended. I enjoy eating that stuff. But the environmental argument doesn't hold up. I watched a documentary about Portland, Ore., and in it there was a woman who drove her minivan 25 miles to a local farm to buy a few days' worth of produce. So that's a 50-mile round trip for maybe 10 lb. of groceries. Whatever sense of environmental sainthood she felt was vastly outweighed by the energy of using an entire minivan to collect a few days' worth of produce. (Read "The Clean-Energy Scam...
What about the changes we do make - hybrid cars, solar panels - do they help at all? We are very good at solutions that involve buying things. "Oh, I'll buy a hybrid." "Oh, when I redo my kitchen I'll use bamboo flooring." But when it comes to actually cutting back, to real deprivation and sacrifice, it's like, "No, forget that...
Banking-industry consultant Bert Ely says he was never a big fan of TARP. But now that it is in place, he thinks there are benefits to keeping it going. The biggest could be to encourage stronger banks to buy up failing financial firms that continue to be a strain on the system. "To me that seems to be a legitimate use of TARP funds," says Ely. "There are still a lot of weak banks out there...
...creation of a committee to make recommendations to Congress) is a cop-out. This is not surprising, given trial lawyers’ support for the Democratic Party. Malpractice lawsuits, while a necessary recourse for victims of medical errors, impose a cost on health-care providers. Fearing lawsuits, doctors buy expensive malpractice insurance and order unnecessary tests. Juries, lacking medical expertise, are generally poor assessors of guilt: A study in the New England Journal of Medicine estimates that almost 25 percent of cases in which there was no identifiable medical error resulted in damages. Doctors pass on these costs to patients...