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...Global Fund's new plan proposes to solve this public-health crisis with a market-based solution. To undercut sales of counterfeits and alternative treatments, the Global Fund initiative will spend more than $220 million to subsidize genuine, effective combination-therapy drugs, and in Cambodia, it will spend an additional $10 million to ensure good distribution around the country. The idea was first proposed in 2004 by a committee of the Institute of Medicine headed by Kenneth Arrow, a winner of the 1972 Nobel Prize in Economics. The idea is that if the market is relied on to root...
...Arrow, 88, a professor emeritus at Stanford, says he is "baffled" by the U.S.'s refusal to support the plan. The cost of global artemisinin combination-therapy subsidies, he says, would run only about $300 million a year, a relatively small amount compared to campaigns to fight HIV/AIDS and tuberculosis. Drug subsidies alone won't eliminate malaria, he admits, but combined with indoor mosquito spraying, bed nets and proper monitoring of what different areas need, Arrow says, "the world can eliminate malaria...
...Thanks to the 2004 merger of the French and Dutch airlines, Air France-KLM is even further out in front. Troubled Iberia and BA, which both announced ugly losses over the past week, reckon eliminating duplicate services from fleet maintenance to business class lounges will save the airlines $600 million a year. That'll mean "a strong European airline will able to compete in the 21st century," BA boss Willie Walsh, who'll head the new company, said in a statement. (See the best travel gadgets...
...ministry has said more than 13 million Chinese have received the swine flu vaccine so far. The statement says the vaccines are generally safe and vaccinations will continue...
History offers a warning to the unwieldy, too. Even if they trim their operating budgets, BA/Iberia will still be carrying serious weight - the combined firm should fly some 60 million passengers each year. But that calls for slick organization, something BA hasn't always enjoyed. (Remember the opening of Heathrow Airport's Terminal 5?) "When United [Airlines] went into Chapter 11, they were the largest airline in the world," says Pilarski. "Airlines that went under didn't go under because they were so puny they just needed to be bigger. If BA at their size is not efficient, something...