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...midst of another sharp drop. Recent housing figures may have been slightly better than expected, but less awful is still awful. Several large U.S. companies, lead by utilities giant American Electric Power (AEP), said that the year would be worse than expected. It probably is a sign of severe trouble when the electric company is cutting costs. Whether GM goes into bankruptcy or not, it is still shrinking its workforce. Last week 7,600 salaried workers took buyouts. Chrysler has employee buyout offers pending. Several large auto parts suppliers are still cutting people. In other words, industries which were...
...Some economists still persist in the belief, which has the benefit that it may be true, that the Administration's stimulus package will catch hold before the end of the year. It is not a good sign that Congress is still fighting over the federal budget which is also part of the grand plan to get the economy out of recession. But, hope springs eternal. If the number of jobs lost in March is under 600,000, economists can begin to make a case that pessimists are wrong. Unemployment will not hit 10% early next year. If the figure...
...ASRM's Tipton argues that it's difficult to determine whether doctors fail in their responsibility to communicate the risks or whether patients simply do not absorb all the necessary information before signing consent documents. "What are you supposed to do, give the patient a quiz or have them read it back to you before they sign it?" he says. "At some point you have to trust that a patient means it when they choose to participate and sign forms saying they had the risks explained to them...
...Free Frisbees?! Sign...
...roundtable discussion in a Muslim country on the itinerary. But at a morning briefing the day before his departure - as reporters focused on the ouster of General Motors CEO Rick Wagoner - Press Secretary Robert Gibbs didn't field a single question about the President's trip. It was a sign of how ubiquitous and rote presidential foreign travel has become. (See the 10 Ideas Changing the World Right...