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...stimulus that makes 2011 a tough year to call. It will also be the year that all the Bush tax cuts expire. And Harris thinks that if a health-care overall gets passed, that could have significant unforeseen effects on the economy as well. S&P's chief economist, David Wyss, says he thinks most economists are tackling the tricky problem of predicting what will happen in 2011 by doing what they always do: predict the economy will do about average. The problem is that what economists have come to believe is average growth for the U.S. economy in recent...
...jobs as journalists is to be the referee, the honest broker who sorts through the accusations and says, This is fact, and this is fantasy. To do that, we asked editor-at-large David Von Drehle, based in Kansas City, Mo., to shed light on the Glenn Beck phenomenon as well as the larger idea of the anger of American politics today. "Clearly, Glenn Beck is extremely talented, and the man has struck a chord," Von Drehle says. "But the nature of politics right now rewards the people who play the least harmonious tunes...
...could pull down anything thrown in his general direction. This year, the Crimson’s opponents recognize Luft’s threat and consistently put their best man on him. Last week, it was Holy Cross’ Michael Wright. This week, it was the Bears’ David Clement...
...Obama has barnstormed the country this year, he has been forced to talk more about the problem - a health-care inflation that could bankrupt the nation - than how much Americans would save if the broken system were fixed. From the Sunday news shows to David Letterman's overstuffed chair, Obama has warned about the rocketing increase in health-care insurance - 5.5% last year, according to one study - and promised to bend the cost curve down in the future. He has described changes to the health-care system that could bring down costs for families and long-term government deficits...
...such savings ever likely to be realized? The answer, according to a wide range of experts, is frustratingly vague: Maybe. Hopefully. Probably. "Three-quarters of all the experts believe it is possible," says Harvard's David Cutler, a health-reform expert who has advised Obama. "What guarantees do we have? We don't." The reason for this ambiguity can be found in the nature of what Orszag calls the "transformational" changes. Policies in both the House and Senate versions of health reform seek nothing less than a remaking of the entire health-care industry - tying payments to outcomes, encouraging providers...