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...cost per quality-adjusted life year, you are basically deciding how much a year of life is worth? Yes. The most controversial area is where you place the dividing line between what is cost-effective and what is cost-ineffective. That is the "How much is life worth?" question. And there is no real empirical research to guide you. We have looked at what other government departments do. Our Department of Transport, for instance, has a cost-per-life-saved threshold for new road schemes of about 1.5 million GBP per life, or around 30,000 GBP per life year...

Author: /time Magazine | Title: How Much Is a Year of Life Worth? | 3/27/2009 | See Source »

...with its massive health-care market, did the same, could it have a transformative effect on drug costs? I think it could. The companies won't like it in America. But yes, it could...

Author: /time Magazine | Title: How Much Is a Year of Life Worth? | 3/27/2009 | See Source »

...costs spiraling out of control again? Yes, the global credit crunch has increased the cost of borrowing, and oil spikes have increased the costs of materials. But ironically-tragically, really-the main problem has been the 30-year hibernation of the nuclear construction industry, the legacy of the incompetence that led to TMI. The specialized workforce of nuclear engineers, welders and other reactor-builders has withered, which means higher labor costs and more delays. Our nuclear industrial base has atrophied as well; for example, the world's only steelworks capable of forging containment vessels is now a Japanese monopoly, forcing...

Author: /time Magazine | Title: Three Mile Island at 30: Nuclear Power's Pitfalls | 3/27/2009 | See Source »

Things I would never think to write a song about: tax software programs, White House cabinet members, Paul Krugman. Now, I might write a song about Maureen Dowd (tentative title: "I Wish You Would Disappear"), but Krugman? Yes, the Nobel Prize-winning economist and New York Times columnist has a gift for breaking down complicated economic situations into easily digestible concepts, but he rarely inspires within me a sense of passion. Apparently songwriter Jonathan Mann disagrees...

Author: /time Magazine | Title: An Ode to Paul Krugman | 3/26/2009 | See Source »

...whether Obama persuades or fails, Americans are listening to more than the faux-controversial snippets blared out on the Drudge Report. They're absorbing the serious arguments, weighing the options, taking the measure of a President who came across as confident, wry and eager to engage. (And who, yes, sometimes says dumb things and apologizes for them...

Author: /time Magazine | Title: Obamathon: Is the President Overexposed? | 3/26/2009 | See Source »

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