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Both sides agree that current malpractice law--under which doctors pay as much as $200,000 a year for liability insurance--is often unfair and inefficient. But when it comes to fixing the system, consensus is not so simple. Democrats oppose a federal cap on "noneconomic damages" in malpractice cases--money awarded for pain and suffering--that Republicans and doctors want. Supporters call the caps, already in place in some states, a quick and easy way to reduce malpractice-insurance premiums. An obstetrician in Texas, where such damages are capped, could pay 20% of what a colleague is charged...
...much of the toxicity of the current conversation stems from the fact that we have the first African-American President is unknowable. That racism exists is indisputable. Two more things we know: First, there is a deep sense of discontent among many Americans and a distrust of government and authority, which Time's recent poll showed. And second, a lack of respect and civility in our discourse undermines our ability as a nation to solve our problems--and we have quite a lot of them at the moment...
...Senate Finance Committee has shown much more determination than House Democrats in holding the fiscal line. According to the official government accounting, which leaves out most of the systemic changes, the current House bill would moderately grow the deficit over the next 20 years, while the Senate Finance Committee bill would save nearly $1 trillion in the same period...
...only the third time a developing country will host the Commonwealth Games. Last week, Delhi got pulled up for its tardy preparations by Commonwealth Games Federation chief Michael Fennel. In a letter to the local organizing committee, Fennel wrote that it was "reasonable to conclude that the current situation poses a serious risk to the Commonwealth Games in 2010." (See TIME's photo-essay "The Tempestuous Nehru Dynasty of India...
...This may be the flaw in China's strategy to nourish private-sector enterprises. If SMEs are to tap the capital markets for steady and sustainable financing, investors must be willing to support them for the long term. Unfortunately, the market's current get-rich-quick mindset cannot be changed overnight. Hong Kong, a more mature financial center, launched a GEM board 10 years ago. It has not been a notable success, with just 172 companies and total market capitalization of $11 billion - equal to 0.6% of the main board...