Word: short-term
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That won't be easy to change. The 1990s managed-care boom was supposed to incentivize HMOs to keep us healthy, but it slashed needed as well as unneeded care in a frenzy of willy-nilly cost-cutting and short-term profit-taking, triggering a national backlash. And if Congress gets into the details of what would be reimbursed under a new fee-for-quality structure, the same interest-group politics that have distorted and ultimately paralyzed the current system could dominate the new system; that's why Obama has proposed to depoliticize those decisions through an independent agency similar...
...Merkel said that the bill represented a "sea change" for the U.S., so long a world pariah on climate change. "I would not have thought it possible a year ago," she added. But the bill's emissions cuts still fall far short of what the European Union has proposed, and are even further away from the massive short-term cuts major developing countries have demanded. "In terms of what the U.S. will take on as a target, one year doesn't make up for the last eight years, so we'll have to wait and see," says Shyam Saran, India...
...used to be that markets waited anxiously to see what the Federal Reserve would decide about short-term interest rates. These days that's a given: rates are stuck between 0% and 0.25% for the foreseeable future. Instead, the only real news one can hope for out of a Federal Open Market Committee (FOMC) meeting has to do with the $1 trillion-plus stash of mortgages and other debt securities that the Fed has built up during the past two years of financial turmoil. Is it going to step up its purchases (meaning it's still worried about economic collapse...
...meltdown by California ... would surely destabilize the U.S., if not worldwide financial markets," state treasurer Bill Lockyer wrote U.S. Treasury Secretary Timothy Geithner on May 13. Yet experts say such action by the Federal Government, while not a bailout, could possibly endanger the nation's AAA credit rating. Without short-term assistance, California could plunge deeper into chaos and become a drag on the nation's economic recovery. (The Page: "California Budget Deadlock Broken...
...even Putin's harsh words and the disbursal of pay have not put an end to the feeling here that the crisis will continue. "It's unlikely the situation will change. Receiving our pay was a small gesture, a short-term solution," says Denis Yershov, a former employee at the local electricity plant who helped block the road last week. "I'll be happy when we have work again. I'll be happy when we have stability and I'm able to feed my family...