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This is why Obama and his budget director Peter Orszag are so eager to "bend the cost curve" for health care - if they don't, it's hard to see how we're going to be able to afford a military or interstate highways or a social safety net or any other government services. Compared to health costs, the Iraq war, the financial bailouts, the stimulus package and even the long-term Social Security shortfall are minuscule fiscal problems. (See a guide to understanding the health-care debate...
...organization as influential as Wikipedia isn't inexpensive. The company's costs reach nearly $6 million per year, and though it recorded more than 100 billion page views last year, the site has no advertisements. With that level of traffic, even a single text advertisement per page would net Wikipedia millions of dollars, but Wales is insistent that the service, which is supported by private donations, remains ad-free...
...create in one county come at the cost of jobs in another county. It is a zero-sum game." Riedl believes there are times when government action is called for on humanitarian reasons. But in terms of economic growth, he says, "the only government spending that creates a net bonus for the economy is spending that results in gains for long-term productivity...
...well-settled grooms," says Amar. "Stable and high-paying jobs and a well-settled monetary situation is the fundamental criteria." With so much news of job losses coming out of the US, he says parents of Indian girls are much more reluctant to send them abroad without a security net. Even the matchmaking period has increased, says Amar. "Previously, people used to close a match in around six to eight months. Now this matchmaking period has become over a year because men and women in India have become more discerning as consumers and they want more compatibility...
...than anyone else on the planet. The 76-year-old chairman of the Las Vegas Sands Corp., which owns the Venetian hotel, the Sands Expo and Convention Center and the Venetian Macao, was in 2007 and '08 the third richest person in the world, with - by his estimate - a net worth of $40 billion. By February of this year, he said he had lost $36.5 billion - more than the GDP of half of the countries in the world. In the years before that slide, banks were begging him to take their money, given his massive success in building the first...