Word: costes
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...swine flu" was supposed to bring global commerce to a halt, drive global GDP down by 5%, and cost the economies across the world as much as $3 trillion dollars. In the process, as many as a million people were supposed to die. The forecasts for what the flu might have done to damage an already weak global economy shows many of the weaknesses of the of the press, world health monitoring agencies, and economists. The worst case about something is often by far and away the least probable case. Implying that the worst case is the probable case tests...
...Unable to force Piech to give in, Porsche seems to have just run out of time. Its gambit to acquire VW cost Porsche dearly as it piled up a $12 billion mountain of debt to finance stock purchases. With the sports carmaker beginning to struggle under the weight of that debt, Porsche and Piech met in Salzburg, Austria on Wednesday to end the feud. Following that meeting, Porsche issued a statement declaring that the two companies aimed to "develop a corresponding basis for decision-making on the future structure of the common group...
...President recently told a remarkable story about his grandmother. In the last months of her life - she was dying of cancer - she broke her hip and received a hip replacement from Medicare. "I don't know how much that hip replacement cost," Obama told the New York Times, and he questioned whether giving people "a hip replacement when they're terminally ill is a sustainable model." This is the most sensitive health-care issue imaginable. But the question of whether the government can decide which health-care treatments are appropriate is central to whether an affordable universal system...
...rules agreed on in the arcane budget process, Democrats will need only a simple majority vote in the Senate. But the process could run into the same two roadblocks that caused universal health insurance to fail in the past: the specter of "socialized medicine" and the fear that the cost of the program will, like that of other entitlements, spiral out of control...
Strong initial orders for Tata Motors' new ultra-cheap car, the Nano, have boosted the struggling Indian carmaker's finances while prompting competitors to launch their own low-cost models. (Read "The World's Cheapest Car Debuts in India...