Word: costs
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...plans, no matter how well-intentioned they may seem, are unnecessary now. Wells Fargo (WFC) indicated that it made about $3 billion in the first quarter of the year and declared its buyout of the deeply troubled Wachovia to be a success. Wells Fargo (WFC) said that the low cost of money from the government combined with a surging demand for mortgages was all the medicine that it required...
...scent and consequently had missed the fact that there was not need to test what is already working well. The same holds true for the Geithner plan to take toxic assets off bank balance sheets. It is academic now. What banks are earning from the difference between the cost of capital and the income from lending is now great enough for the banking system to be self-sustaining again...
...began relying on advanced procedures and drug sales to make money. Individual spending on pharmaceuticals rose as a result, and experts argue that profits sometimes drive what doctors prescribe. "When drugs take up 50% of health expenditures - two times more than other countries - there is a real problem with cost, access and appropriate use of drugs which is often driven by the profits gained from over-prescription," says Dr. Lincoln Chen, president of the China Medical Board, a U.S.-based foundation that promotes health care in Asia...
...Indeed, as China's policymakers were preparing their reform plans, Beijing newspapers detailed the story of a group of kidney disease patients from around the country. Unable to afford the cost of treatment on their own, they banded together to purchase used dialysis machines that they operated themselves in a residence in the capital's suburbs. The publicity drove local authorities to shut down the illegal clinic. While the patients were offered free treatment at local hospitals, for some it was hardly a relief. One patient named Chen Bingzhi told the Beijing News, "We're afraid that after...
...embrace a "democratic revolution" in government. The approach proved schizophrenic. Mbeki the democrat adopted liberal economics, oversaw impressive growth and won plaudits as a consensus-building peace negotiator across Africa. Mbeki the revolutionary saw his country's AIDS epidemic as a Western conspiracy, a stance which cut treatment and cost 330,000 South African lives between 2000 and 2005, according to a November report by the Harvard School of Public Health in Boston. (See pictures of Africa's AIDS crisis...