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Imagine taking out a life-insurance policy, not on yourself, but on a sick man who lives down the street. That way, if he dies, you’ll be sure to turn a profit. This is but one of many bizarre features in the world of credit default swaps—a financial instrument that crippled our global economy. While many different events and policies contributed to the financial crisis, it is safe to point a finger at credit default swaps. The U.S. government should decisively regulate these complex financial instruments...

Author: By George Hayward, CRIMSON STAFF WRITER | Title: Regulating Credit Default Swaps | 4/12/2009 | See Source »

...beds are taken up by people suffering from weight-related ailments such as heart attacks, back surgeries and hip and joint replacements, says Luiz Vicente Berti, president of the Brazilian Society of Metabolic and Bariatric Surgery. Unless preventive action is taken to educate people, he warns, Brazil faces a sick and expensive future. "If we don't teach people how to eat properly and exercise, then in 10 years no one will have the money to pay the hospital bills that will arise," Berti says, adding that the number of stomach-reduction surgeries carried out in Brazil had risen...

Author: /time Magazine | Title: Brazilian Obesity: The Big Girl from Ipanema | 4/10/2009 | See Source »

...Which begs the question: Why regulate it at all? Why put cigarettes under the jurisdiction of the agency charged with making sure our food and drugs are safe, when cigarettes are, as we all know by now, unsafe by definition. Used as intended, they are bound to make you sick. Rather than equate them with food and drugs, if lawmakers were serious about the health costs of smoking, they would take the logical next step and just make the damn things illegal. (See pictures of vintage smoking advertisements...

Author: /time Magazine | Title: Fixing Health Care Cheaply, Chapter 1: Butt Out | 4/4/2009 | See Source »

...Upon launching his campaign, President Obama stopped smoking. Quite publicly. Letting the world see him chew gum and fidget with his pencils was an invaluable example. I have now practiced long enough to have seen scores of people, more than a few of whom I've loved, get miserably sick and die from tobacco use. I've pointed to the black spot on their X-ray and watched strong men and women collapse, touched the smoke-grown tumors in the operating room, the path lab, even on those poor experimental bunnies' ears and I'm convinced. You can be dubious...

Author: /time Magazine | Title: Fixing Health Care Cheaply, Chapter 1: Butt Out | 4/4/2009 | See Source »

ROLE MODEL: The Pope. He drives his own glass-encased vehicle, sick real estate, is constantly on the road, and has 1.131 billion followers…what more could you ask for? Bonuses include a cool hat and infallibility. Warning: you may lose some Catholic friends over this...

Author: By Edward-michael Dussom | Title: When I Grow Up... | 4/3/2009 | See Source »

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