Word: price
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...business model behind the new 3-D push is simple enough: the movies cost only a little more to make than flat films, while the ticket price is about 25% higher in 3-D theaters. (I sprang $15 to see My Bloody Valentine in Manhattan.) As a rabid movie watcher, I'm not immune to the pleasures 3-D can bring to certain genres. It's an advance in visual appeal similar to, but not greater than, Blu-ray. Which is to say, a difference in degree, not in kind. And with Blu-ray, you don't need the damn...
...heads of publishing companies have spend most of the last 20 years worrying about the costs of organized labor, the price of printing paper, and postal rates. It clearly did not occur to them that the early internet successes like Lycos, Excite, and Altavisa were in the information gathering, sorting, and creating businesses. Their indexing and presentation of content looked clumsy in 1997 and 1998. It is incredible to remember that Yahoo! (YHOO) had its first day of 100,000 unique visitors in 1994. The company went public in early 1996. Google (GOOG) raised $25 million...
...seems like NICE is forcing pharmaceuticals to play ball by offering special discounts to Britain. How do you manage that? Our list price is used as a reference price in other countries, so drug companies believe that a no from NICE is damaging globally. So they set up what we call "patient-access schemes." Drug companies may either give away certain portions of treatment [such as the last few doses of a course] or reimburse the NHS for those patients who don't respond, which has the effect of reducing the price of the drug and lowering the cost...
...other tragedy is that we can't. There's huge hype these days about a "nuclear renaissance," since the industry now has its act together, fossil fuels are frying the planet, and solar and wind are only intermittent electricity sources. But nuclear energy is still paying the price for the disastrous era that ended with TMI. And it's too high a price. (Read Nuclear's Comeback: Still No Energy Panacea...
...early 1980s, around the time Ronald Reagan became President and Wall Street's great modern bull market began, we started gambling (and winning!) and thinking magically. From 1980 to 2007, the median price of a new American home quadrupled. The Dow Jones industrial average climbed from 803 in the summer of 1982 to 14,165 in the fall of 2007. From the beginning of the '80s through 2007, the share of disposable income that each household spent servicing its mortgage and consumer debt increased 35%. Back in 1982, the average household saved 11% of its disposable income. By 2007 that...