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...Yet even in a place where consumer spending never before existed, the rules of the market economy suddenly kicked in. And the explosive growth in the money supply, combined with pent-up demand, led to another economic phenomenon: hyperinflation. Cigarettes sold for as much as one million pesos a pack. A roll of toilet paper cost 100,000 pesos, or $34. Suárez recalled a bidding war that broke out over a transistor radio that finally sold for the equivalent of $12,000. Some of the troops, intent on spending every waking hour looking for money, bought their...
...Doctors' Association. "We have no health system," Dr. Kartono Mohammad recently told a group of journalists. "There is no quality control." At a time when Indonesia is striving to reach the ranks of the BRIC countries, strong fundamentals and an economy set to grow around 5% this year have yet to boost the hopes of millions in need of basic, reliable health services. For 2010, the health ministry has been allocated $2.2 billion, which is a slight increase over last year but still half of what is generally spent by the defense department. Overall, spending on health comes...
...doctors in Jakarta "cleaned" my eye by scraping off a layer, hoping a new layer would grow over the damaged center that was now exposed like a scraped kneecap. The pain that ensued once the anesthetic wore off was like having shards of glass driven into my eye, yet it could have been mitigated with a bandage lens - a protective contact lens with no power, which I also never received...
...endured by Prita Mulyasari, a working class Jakarta woman who dared to criticize a local hospital and spent months facing down its lawyers. She has become something of an icon for all that is wrong with Indonesia's health care system. I don't know what I'll do yet, but I commend Mulyasari for having the courage to challenge a system that has let so many people down...
...from the European Union, the Greek government has outlined a series of public-sector wage cuts and tax increases that are intended to help slash the deficit from the current 12.7% of GDP to the E.U. limit of 3% by 2012. While the impact of the new measures has yet to be felt, the delayed effects of the broader economic crisis are beginning to bite. The country slipped into recession last year and is now facing its worst economic contraction since 1987 - the last time Greece was forced to implement austerity measures following a previous round of government overspending...