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...called bad bank, as NAMA is sometimes called, will then manage the loans on behalf of the state for the next decade, by which time, the government assumes, the country's property market will have recovered. This assumption also explains the $10.5 billion markup in the sum to be paid for the toxic assets - a difference the government says reflects the long-term economic value of the loans. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: Irish Angry Over Big Bailout of the Country's Banks | 10/26/2009 | See Source »

...ways to fix what ails the docs - and repair the health-care system in the process. In the rolling hills of central Pennsylvania, the Geisinger Health System is trying something different. The 726 physicians and 257 residents and fellows who work there don't do piecework. They are paid a salary - benchmarked against the national average - plus potential bonuses based on how well their patients do under their care. One result is that Geisinger is able to hang on to its PCPs while other hospitals are losing theirs. Another is that Geisinger makes money, and, oh yes, the patients...

Author: /time Magazine | Title: Is There a Better Way to Pay Doctors? | 10/26/2009 | See Source »

...insurers as health-care reform has gained momentum. For example, both DeParle and the Senate aide claim Ignagni voiced serious concerns during the Oct. 6 call over a provision in the Senate Finance bill that would raise $600 million in new taxes on the salaries of high-paid insurance executives. DeParle also said that in a White House meeting the next day, Ignagni repeatedly suggested that she was getting pressure from insurance CEOs who were alarmed about a drop in their firms' stock prices since mid-September, in part resulting from grim forecasts by Wall Street analysts. "She said...

Author: /time Magazine | Title: Health-Care Grudge Match! | 10/26/2009 | See Source »

...After Barack Obama visited earlier this year, a sign went up: BILL COSBY AND PRESIDENT OBAMA ARE THE ONLY PEOPLE WHO EAT HERE FOR FREE. I joked with Ben that Obama hadn't earned the right. Soon after the President's visit, Ben added to the sign: BUT HE PAID...

Author: /time Magazine | Title: Ben Ali | 10/26/2009 | See Source »

Today it’s as rare for Harvard students to become involved in Cambridge issues as it is for a Cantabrigian to vote in local elections. The reason I’ve paid attention for so many years is that I just can’t shake what Craig Kelley said to me during that early morning interview. Making public education work in Cambridge has proved to be far harder than most people thought, but in the past year the stars have begun to align. When Cambridge voters go to the polls next Tuesday, I hope they mark their...

Author: By Paras D. Bhayani | Title: Nolan, McGovern for Cambridge | 10/26/2009 | See Source »

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