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...topic, "Some experts believed that less than half of all medical care is based on or supported by adequate evidence about its effectiveness." Instead, said the CBO, health care in the U.S. is often motivated by factors like "enthusiasm for the newest technology" and a fee-for-service payment system that rewards doctors based not on outcomes but the number and price of treatments they prescribe and perform...

Author: /time Magazine | Title: The Mammogram Melee: How Much Screening Is Best? | 12/7/2009 | See Source »

...communist principle of state ownership. At Ganglau village, a collection of shacks fronting a bay teeming with dolphins and tuna, community elder Mou Bilang complains that most villagers haven't been compensated for the loss of land once used to plant cash crops, save a $125 "dust payment" issued as an apology for the dirt the project has kicked up. "The Chinese promised us free electricity, free water supply, free job training for our boys," Bilang tells me. "But they have delivered nothing." Tensions reached a crisis point five months ago, when a local youth was accidentally injured...

Author: /time Magazine | Title: The World of China Inc. | 12/7/2009 | See Source »

...major difficulty now is the weak economy and rising joblessness. Under the U.S. government's plan, a modified loan payment must not account for more than 31% of a family's income. With unemployment north of 10%, in a growing number of cases, the mortgage isn't the problem - the lack of a paycheck is. "It increasingly appears that HAMP is targeted at the housing crisis as it existed six months ago, rather than as it exists right now," concluded the Congressional Oversight Panel, a group charged with evaluating the program, in an October report...

Author: /time Magazine | Title: Why the Loan-Modification Program Isn't Working | 12/4/2009 | See Source »

...costs. Medicare, which spends more than $450 billion a year, is such a huge health care player that any changes it makes can lead the way for reforms in the private market. As originally envisioned, the new agency would essentially take over Congress's current authority to set Medicare payment rates for hospitals, doctors, nursing homes and other health care providers. It would use a process like the military-base-closing commission, whose recommendations automatically go into effect unless Congress votes to block them...

Author: /time Magazine | Title: Health Care Reform: What Happened to Cost Controls? | 12/4/2009 | See Source »

Creditors, therefore, had to go to the negotiating table to be able to wring out payment. Dubai's on-balance-sheet debt seems to be about $80 billion (and some observers believer there could be a substantial amount of off-balance-sheet debt as well). About 40% of the official debt is held by British banks, 30% by E.U. firms, about 9% by U.S. institutions and 7% by Japanese ones. According to a source close to Dubai World, the city-state's representatives now wants to write off some $30 billion of its debt...

Author: /time Magazine | Title: Can the Banks Force Dubai into Foreclosure? | 12/1/2009 | See Source »

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