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...bulletproof themselves against lawsuits. Obama has said he is open to malpractice reform, but congressional Democrats haven't included it in their bills because trial lawyers are a major Democratic special-interest group. Another Democratic interest group, organized labor, has blocked the most logical and progressive way to fund a universal health-care system - eliminating the tax exclusion on health benefits and replacing it with a progressive tax credit. The health-care exclusion is, at approximately $250 billion, the single biggest tax break in the federal code. The problem is that unions have negotiated generous health packages over the years...
...book, Ellis traces Goldman's successful management approach to the firm's slow recovery from near failure and mortal embarrassment after the 1929 stock-market crash. (An investment fund it launched was one of the era's biggest disasters.) Goldmanites had no choice but to stick together and look to the long run. The firm's now pilloried entwinement with Washington (some call it Government Sachs) began in those days too, after managing partner Sidney Weinberg made the rare-for-Wall Street move of backing Franklin Roosevelt in 1932. That led to a key role for Weinberg in the World...
...Stan Shih would like nothing better than to see them succeed. Now retired from Acer, the 64-year-old runs a consulting firm, iD SoftCapital Group, that has raised $30 million to fund the branding efforts of Taiwan companies. "If Acer can do it," he says, "so can others." What's in a name? Possibly the future of Taiwan manufacturing...
Recently, however, a surprisingly diverse coalition has arisen to stop the Pebble Mine. Environmental groups like the World Wildlife Fund (WWF) are making common cause with fishermen and native Alaskans who fear that pollution from the mine could ruin their livelihoods. Sustainability - the idea that there are alternatives to exploiting natural resources without regard for the consequences - is no longer such a suspicious term. "Do we want to embrace the mine, a resource that will be played out in 50 years?" says Verner Wilson, a Yupik Eskimo and Bristol Bay native who works with WWF. "Or do we want...
...Internet over their mobile phones, which are seemingly ubiquitous even in the poorest African villages. Nor does it measure the myriad ways in which people will take advantage of speedy Internet access to create businesses or offer services that, before Thursday, would have been too costly to fund. "The demand for bandwidth can't be based on current prices and current demands," says Stork. "As soon as prices drop, many more applications come up and create more demand...