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...parallels extend even to New York’s financial system. Just as Bloomberg goes on a ferocious diet after seeing an unflattering photo of himself, Wall Street has almost completely abstained from giving out loans. Considering the way banks used to court risk-taking businesses clearly unable to repay them, this is a diet of the highest magnitude. Likewise, after getting tied up in highly leveraged purchases of their own homes, American consumers have been forced to get thriftier. History Professor Niall C.D. Ferguson has even warned that New York may go the way of Venice and become just...
What does this mean for our current health system? Some would call for the stop of such underperforming treatments, and this is not so unreasonable. Consider the complications that can result from surgery, and the antibiotic resistance that can develop from an improperly administered regimen—especially if the antibiotics aren’t doing anything a sugar pill couldn’t do. Doctors perform over 600,000 back surgeries a year to the tune of $20 billion. Surely some of the savings from eliminating back surgeries alone could go a long way toward funding health-care reform...
...most veterans of the U.S. public-school system can attest, many students enrolled in traditional math and English courses spend each period praying for the bell to ring. Extending the school day and year without implementing significant curricular changes would only intensify this painful academic experience, possibly leading to earlier, more frequent dropouts. On the flip side, those who would otherwise checkout might find joy in playing basketball, painting, dancing, practicing the flute—activities that would improve their quality of life while also keeping them in a safe school environment. If these mandatory programs began early, in kindergarten...
Schools cannot counter students’ lack of motivation by forcing them to remain longer in the very settings that first led to their disillusionment. Instead, the American education system needs to innovate—and bring enrichment into the classroom, where it belongs...
Duncan also noted that the current system of summer vacations of interminable duration is a vestige of another era. “Our school calendar is based upon the agrarian economy, and not too many of our kids are working the fields today,” Duncan said...