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...biggest criticism of the stress tests has been that they were not stressful enough. For instance, the government's "adverse case" scenario assumed an unemployment rate of 10.3%. But some economists are already predicting that unemployment will reach that level - or worse - in this recession. So the government's adverse scenario seems to be the actual...
Back to Basics The only way to decrease the rate of Cesarean sections is to go back and teach residents the art of obstetrics, which includes the proper use of the forceps and the vacuum extractor [The Trouble with Repeat Cesareans, April 27]. We should also stop the interference of lawyers in the management of deliveries by making litigation very difficult. During the 1960s the institution with the lowest rate of cesareans was considered the best for training residents. Neonatologists agree that increasing the rate of cesareans does not necessarily mean better babies. Fayez Suidan M.D., AMERICAN UNIVERSITY OF BEIRUT...
...from being a happy place. Its population has shrunk dramatically, falling by more than one-quarter to 230,000 since 1990 as young people have left to find jobs elsewhere. Despite the exodus, and a birthrate that has dwindled to almost nothing, the town still has an unemployment rate of about 14%, double that in the old West Germany. And as a new economic crisis strikes - this time a global one - Halle isn't immune. Its economy has crashed in the past six months. Across the region - but especially in places like the town of Eisenach, where a new auto...
...learned a second lesson; big spending packages don't work if the economic policies underlying them are miscued. In hindsight, eastern Germany's economic wellbeing was sabotaged at the very beginning of the reunification process by the political decision to exchange its currency for West German marks at the rate of one-to-one. Haimann, of the Halle Chamber of Commerce, thinks that was a crucial error. The true value of the old East German mark was just one-fourth or one-fifth of the West German currency, so when it was swapped in 1990 at parity, the competitiveness...
...leading a similar budget-cut initiative and is trying to incorporate community feedback, even streamlining the process of recognizing the best ideas. Its website asks the MIT community to post suggestions to the “Idea Bank” and allows others to view these responses and rate the ones they find “particularly innovative and practicable.” Harvard should offer a similar forum to encourage the most creative, realistic, and responsible solutions possible...