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...that tracks private-company financial performance, dentists' offices had higher profit margins than any other industry in 2008. With average profit margins at 17%, dentistry outpaced accounting, tax preparation, bookkeeping and payroll services, legal services and mining support services among the top five performing professions in '08. Dental margins rose about 1.5% from 2007, according to Sageworks. (Read "25 People to Blame for the Financial Crisis...
...would think cosmetic dentistry would completely collapse during a recession. Who wants to part with thousands of dollars just to look good? But some evidence suggests that this business is still healthy. For example, sales of Snap-on Smile, a cosmetic device that snaps over your teeth, rose 22.2% in the fourth quarter of '08 compared with the third quarter. December sales were 62% higher than those in October. The device costs between $2,500 and $4,000 for a full-mouth restoration, a much cheaper alternative than restorative veneers, which can cost $30,000 to $50,000. Snap...
...digs a deeper deficit hole in the next two years, is to convince Americans and the world that he's laying the foundation for long-term budget control through entitlement reform and, in particular, curbing the cost of health care. Total U.S. health-care spending in 2007 rose to $2.2 trillion, and the public portion is growing fast. "Medicare and Medicaid on their current trajectory cannot be sustained," Obama told a group of columnists aboard Air Force One. "And the only way I think we're going to fix it is if we see those two problems in the broader...
Facing the daunting task of killing a 5-on-3 UNH power play, the Crimson rose to the occasion on the collective back of its veteran leaders...
...Herbert Hoover, FDR’s Republican opponent. The Crimson, his former paper, would later brand FDR “a traitor to his fine education.” Classmate Walter Russell Bowie, class of 1904, noted “the rancorous and almost hysterical political animus which rose against him and what he stood for among the privileged groups to which many of the Harvard graduates happened to belong.” Despite his cool reception on campus, FDR invited Harvard men to the White House throughout his presidency, once shaking the hands of two dozen Crimson oarsmen after...