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...that added up to $12,000 is an object lesson in how health care expenditures have run amok in this country, and how critical it is that whatever reform bill comes out of Washington this year tackles this economy-wrecking mess. That's especially true in a market like Miami, which holds the dubious distinctions of having one of the nation's lowest median incomes yet its highest medical costs. According to a study released Thursday by Families USA, a Washington-based healthcare watchdog, family health insurance premiums for Florida workers doubled over the past decade, rising four times faster...

Author: /time Magazine | Title: The Case of the $12,000 Kidney Stone | 8/13/2009 | See Source »

...industry. "To make profits while shifting business models, the airlines have to think, act, breathe and be low cost," Amitabh Malhotra, managing director of investment bank NM Rothschild & Sons in Mumbai. "That doesn't happen overnight." Adds Patel, India's aviation minister: "This time every airline will learn a lesson the hard...

Author: /time Magazine | Title: India's Airline Industry Goes From Boom to Bust | 8/12/2009 | See Source »

GENEVA, Switzerland — I came to Geneva to study international relations and learned a little lesson about citizenship in the process. In addition to studying at a hub of diplomatic activity, I’ve had the privilege to observe how the Swiss envision their obligations to their country and to each other...

Author: By Raúl A. Carrillo | Title: Service with a Smile | 8/11/2009 | See Source »

...whose students condescendingly referred to me as a “local” while I grew up in neighboring North Andover. Now, at the end of the summer, I have seen the other side of the campus’ New England brick and, I hope, gained a great lesson in moral growth...

Author: By Jeffrey J. Phaneuf | Title: We Who Never Set a Squadron in the Field | 8/11/2009 | See Source »

...encouraging. The wage and price controls of the Nixon era were quickly abandoned as unworkable. A 1993 attempt by Congress and the Clinton Administration to rein in executive pay by not allowing corporations a tax deduction on executive salaries above $1 million turned out to be an object lesson in unintended consequences. Because it exempted performance-based pay, the new limit accelerated an already-in-the-works shift toward using stock options as the main piece of executive compensation. Far from being reined in, executive pay - with help from a bull market in stocks - skyrocketed. (See pictures of TIME...

Author: /time Magazine | Title: Should Executive Pay Be Regulated? | 8/10/2009 | See Source »

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