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...reform would have an impact on premiums. In reality, that has not been the case," says Martin Weiss, chairman of Weiss Ratings, an independent insurance-rating agency in Palm Beach Gardens, Fla. In a study published this week, Weiss Ratings found that in states without caps on noneconomic damages, median annual premiums for standard medical-malpractice coverage rose 36% between 1991 and 2002. But in states with caps, premiums rose even more--48%. In the two groups of states, median 2002 premiums were about the same. Weiss found nine states with flat or declining premiums; two of them had caps...

Author: /time Magazine | Title: He Sets Your Doctor's Bill | 6/9/2003 | See Source »

...about twice the duration of the typical severance package. According to outplacement firm Challenger, Gray & Christmas, 17% of those who do find work--nearly double the historical percentage--are settling for less pay. The net result of the various pressures on pay: in the first three months of 2003, median weekly earnings adjusted for inflation fell 1.5%, according to the U.S. Labor Department. That's the biggest drop since 1991, according to Jared Bernstein, an economist at the Economic Policy Institute, a research group based in Washington. Wage erosion partly explains why the Federal Reserve Board openly frets about...

Author: /time Magazine | Title: Where Did My Raise Go? | 5/26/2003 | See Source »

...Major League Baseball, the median player salary is down 10% this season. Pitcher Kenny Rogers declined a two-year, $10 million offer from the Texas Rangers, thinking his 3.84 earned-run average would attract a better deal. Instead, he's pitching for the Minnesota Twins on a one-year, $2 million contract. "We're competing for a stretched entertainment dollar," says Cleveland Indians general manager Mark Shapiro, whose payroll is down 44% from...

Author: /time Magazine | Title: Even Athletes Take Their Cuts | 5/26/2003 | See Source »

Whether they were advocating close government intervention or simple systems of incentives, however, the economists did agree on at least one point. The increase in median housing prices over time, they said, were the result of misdirected and overly-stringent building policies...

Author: By Karoun A. Demirjian, CONTRIBUTING WRITER | Title: Professors Debate Affordable Housing | 5/7/2003 | See Source »

...years found that those with a blood-lead level of 10 mcg per deciliter (the CDC's current safety threshold) had, on average, a 7.4-points-lower IQ than children with 1 mcg per deciliter. Since the mid-1970s, when lead was taken out of gasoline, the median blood-lead levels in children have dropped from 15 mcg to 2 mcg per deciliter, but the CDC estimates that there are still more than 450,000 kids in the U.S. with blood-lead levels above its recommended limit. One of the most dangerous sources: the lead-based paints that still coat...

Author: /time Magazine | Title: Health Brief: Hey, Kids, Get The Lead Out! | 4/28/2003 | See Source »

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