Word: commonnesses
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That's why Miller argues that the government should start buying up common stock in the troubled banks, which would boost their stock prices, erase the perception of imminent failure and remove the likelihood that customers will run with their money. It may even boost lending. Of course, the problem with this is that some of these banks might need too much capital - and if the government buys all the common stock needed to fix the problem, it will own the banks, possibly a few times over. So a switch to buying common stock points to nationalization. (See pictures...
...look for a faster fix for substance abuse. New York cardiologist Dr. Olivier Ameisen -who now lives in France but remains a visiting professor at the State University of New York - has authored a new book describing his recovery from alcoholism, which was achieved with the aid of a common drug called baclofen, a muscle-relaxant designed to prevent the spasms behind a range of conditions from hiccups to multiple sclerosis symptoms. The claim is drawing a lot of attention, but it is too soon to say how effective the drug will be for other alcoholics or how widely...
Last month, investigators in the U.S. reported good test results for a monthly dose of the common antidrinking drug naltrexone - a medication that currently must be taken every day to be effective. But naltrexone is controversial because for some, it doesn't do anything to reduce the craving for alcohol until those addicts actually take a drink, whereupon it helps them resist taking more - a twisted bit of physiological irony if ever there was one. Twelve-step believers say the only proper response to alcoholism is total abstinence, and that a drug that allows you to drink a little puts...
...Gist: Bernie Madoff and Co. have, for the moment, dislodged attorneys from the doghouse of public opinion. But a world without tort claims and padded billing would still be many people's idea of heaven. Howard, an attorney and author of the best-selling book The Death of Common Sense, chronicles a society in which rules have run amok and litigation looms as a constant threat. Among his egregious examples: a Florida teacher wary of restraining a hysterical child gets the cops to slap handcuffs on the kid instead; a New York City high school prohibits nurses from calling ambulances...
...threat of litigation impedes our ability to make common-sense decisions: "Straining daily choices through a legal sieve basically kills the human instinct needed to get things done. Law applied to ordinary decisions leads to bad choices, which leads to more law, which leads to worse choices. Pretty soon law is everywhere, separating people from their instincts of right and wrong...