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...unthinking certainty of "experts" that got us here - securitized debt? credit-default swaps? uh, sure, whatever - Americans can now revert to their ruthlessly pragmatic, commonsensical selves. Admitting that we aren't certain exactly how to proceed is liberating, and key. Hyperbolic rants and rigid talking points, in either Limbaughian or Olbermannian flavors, now seem worse than useless, artifacts of a bumptious barroom...
...Road Runner cartoons, after each fall, the coyote is broken and battered but never dies. America isn't going to expire either. But unlike him, we will be chastened and begin behaving more wisely. For years, enthusiasts for unfettered capitalism have insisted that the withering away of enterprises and entire industries is a healthy and necessary part of a vibrant, self-correcting economic system; now, more than at any time since Joseph Schumpeter popularized the idea of creative destruction in 1942, we must endure the shocking and awesome pain of that metamorphosis. After decades of talking the talk...
...while. To me, it's one of these things I would have on rare ocassions. Because I did this book on it, the novelty is completely gone. But I think if I wrote a book about brownies, I wouldn't really be craving brownies right now either...
...heart attack. In a control group of heart patients who used a placebo, 189 out of 2,223 died. So the fact is there were indeed 42% fewer deaths among the Zocor users, compared with the controls. But when you consider the absolute risk of death in either group, the results are somewhat less stunning. The risk of death in the placebo group was just 8.5%, compared to 5% in the Zocor group - a difference of a mere 3.5%. Both survival numbers are correct, but which one would you use if you were writing the ad copy...
...Jewish refugees from Arab lands who fled to Israel were absorbed and housed, and not kept in refugee camps. Sadly, the unfortunate Palestinians' numbers have now ballooned from thousands to millions. All refugees have rights. The Jewish refugees from Arab lands are the forgotten refugees who were never compensated, either for their financial loss or the trauma that they suffered. Lillian Cohen, KFAR MONASH, ISRAEL...