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Rehm also says that governments put too much faith in treatment programs for alcoholics as a way of combating excessive alcohol consumption. "If you start pumping money into treatment systems, that's helpful for those with alcohol-abuse disorders, but that group is a very small minority of those who suffer as a result of alcohol," he says. "If you die of alcohol-related breast cancer, you may never have been an alcoholic, but still it's an alcohol-related disease...
...shorter one in housing prices from about 1997 to 2006 were fueled by rising debt. Ever easier mortgage terms and falling interest rates provided a brisk tailwind for home prices. In the stock market, higher profits pushed along by bigger consumer and corporate debt loads brought higher stock prices. Start ratcheting the indebtedness down and throw in slower growth, and both of these processes go backward. For the long-term health of the economy, that's good--as we've learned, debt-fueled growth is not indefinitely sustainable. It means, though, that both the stock market and the housing market...
Whenever Sergio Marchionne talks about his latest calling--fixing auto companies written off as basket cases--he doesn't sound anything like most auto types. For a start, he's a lawyer and an accountant rather than a car engineer, and instead of getting bogged down in long discussions about the merits of one particular type of engine or gearbox, he likes to talk about Apple...
Marchionne's most interesting challenge is that Chrysler's new owners, postbankruptcy, are his employees--the United Auto Workers, which holds a 55% stake through its retiree trust fund. His other bosses include the U.S. and Canadian governments, which hold 8% and 2%, respectively. Fiat will start with a 20% stake, which could reach 35% if Chrysler succeeds. "Politics and unions are Marchionne's biggest risks," says Carnevale. "Having politicians on the board of directors will require very complex management...
...opposite. Sunday morning, he called on "all political and social actors in Honduras to respect democratic norms, the rule of law and the tenets of the Inter-American Democratic Charter," insisting that the crisis "must be resolved peacefully through dialogue free from any outside interference." It was a good start - as was the announcement by Obama's ambassador in Honduras later in the day that the U.S. will not recognize any government installed to replace Zelaya. Chávez himself led an aborted military coup in 1992, before he was elected Venezuela's President in 1998. But Obama needs...