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...savvy citizenry and a public sector-run health system. Trust in the government is high. Most crucially, when the health service established a National Patient Registry in 1977 - a system that required doctors to file patient visit details in order to be reimbursed for their work - the country unknowingly laid the groundwork for electronic health records by putting in place centralized record-keeping...

Author: /time Magazine | Title: Health Lessons from Europe | 6/1/2009 | See Source »

...Rattner, an icy-eyed, sharp-spoken Wall Street dealmaker, laid out Obama's unappealing options. Chrysler could be scrapped for parts through an unstructured bankruptcy. Or the task force could try to make the Fiat proposal work, using the leverage of bankruptcy to force concessions and the Treasury's wallet to refinance the debt and recapitalize operations as debtor in possession. Some task-force members argued that, painful as it would be, liquidating Chrysler would strengthen the survivors - GM and Ford...

Author: /time Magazine | Title: Government Motors: Can a Reinvention Save GM? | 5/28/2009 | See Source »

...automatically rise in the future as they had in the past. Some 20,000 jobs would be cut, and future hires would earn wages comparable to those paid in Toyota's U.S. factories. When those givebacks are added to an earlier surrender of the notorious "jobs bank" - which paid laid-off autoworkers for doing nothing - clearly the UAW's once heavenly bed has lost much of its fluff. What remains is the VEBA, the multibillion-dollar trust fund designed to protect a key element of the membership's fabled retirement benefits - which the union refers to as deferred wages...

Author: /time Magazine | Title: Government Motors: Can a Reinvention Save GM? | 5/28/2009 | See Source »

...using Treasury money to sustain the company as it works its way back to profitability. The government put another $4 billion into the car company on Friday. In the process of a government-supported bankruptcy, $27 billion in bondholder capital will probably become worthless, GM workers will be laid off and hundreds of dealers will be closed...

Author: /time Magazine | Title: GM: Using Taxpayer Dollars to Put Taxpayers Out of Work | 5/25/2009 | See Source »

...Sutherland Shire, in Sydney's south, where my family - South Indians from Malaysia - had settled after immigrating in 1988. And although the Shire, as it's called, is one of the most Anglo-Saxon regions of the country, it was like the rest of Australia in its laid-back attitude to national sentiment. Sure, it was good to be Australian, but the rest of that stuff - the flag-waving, the chest-thumping - was the province of those jingoistic Yanks. When I was a teenager, the flag fluttered benignly on national holidays. There were occasions on which it flew prolifically, such...

Author: /time Magazine | Title: Get Lost, Mate | 5/25/2009 | See Source »

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