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...symbolic. The practical point is best made by the phrase: the West made them do it. Yes, some of the countries on the brink of collapse have brought disaster on themselves. Places such as Latvia and Bulgaria have run massive current-account deficits and are now paying the price. But the ability to borrow and spend so much comes, in part, because the countries had opened up their capital accounts and sold off their banks to Western Europe at the E.U.'s urging. Financial liberalization and free trade were mantras recited by the E.U. (and others) as the Eastern states...

Author: /time Magazine | Title: Solidarity's End | 3/5/2009 | See Source »

...include health coverage. Until that happened, "unexpected illnesses and accidents happen every day, and the resulting medical bills can be disastrous," Assurant's website warned. "Safeguard your financial future with Short Term Medical temporary insurance. It provides the peace of mind and health care access you need at a price you can afford." (Facebook users, comment on the story below...

Author: /time Magazine | Title: The Health-Care Crisis Hits Home | 3/5/2009 | See Source »

...about $900 by the hospital that performed Pat's biopsy (and pay only a small fraction of that out of their own pocket), Pat's bill was $7,756. For lab work - and there was a lot of it - he was being charged as much as six times the price an insurance company would pay. One pathology lab's bill alone was $3,290. (Facebook users, comment on the story below...

Author: /time Magazine | Title: The Health-Care Crisis Hits Home | 3/5/2009 | See Source »

...these kinds of policies leaves a lot to be desired. A 2006 Commonwealth Fund study found that only 1 in 10 people who shopped for insurance in the individual market ended up buying a policy. Most of the others couldn't find the coverage they needed at a price they could afford...

Author: /time Magazine | Title: The Health-Care Crisis Hits Home | 3/5/2009 | See Source »

...country's dangerous drinking culture. The government, a minority Scottish National Party administration, has found ways to introduce new measures by adapting existing legislation rather than seeking the support of opposition parties for new laws. Key points of the new strategy include the introduction of a minimum unit price of alcohol to stop strong drink from being sold cheaply, along with bans on cut-price promotions favored by supermarkets. Local police chiefs are being handed the power to request that local licensing boards raise the legal drinking age to 21. (See pictures of Denver, Beer Country...

Author: /time Magazine | Title: Nation o' Drinkers: Scotland Takes on Alcohol Abuse | 3/5/2009 | See Source »

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