Autonomous tech ‘requires debate‘ BBC. Everyone dust off your Asimov.
Health Care Reform and single payer – an Australian perspective John Hempton (hat tip reader Kalle). From my two years in Australia a few years back, I though the care was top notch, very cheap compared to here, and no problem with queuing (it took 2-3 weeks to get an appointment with some specialists, no worse than in NYC). They do have a problem getting doctors to work in bush towns. Hempton also gives it high marks.
Has Mortgage Modification failed? Baseline Scenario
Destroying Market Overcapacity — Literally Paul Kedrosky
JP Morgan Bails Out California John Carney (hat tip reader John D)
Citigroup’s Asset Guarantees to Be Audited by TARP Bloomberg
Wall Street ponders pay czar’s move on clawbacks Reuters, Having made so much noise, he now has to collect a scalp.
China’s fiscal stimulus fading fast FT Alphaville (hat tip reader Don B)
Bradley Birkenfeld told U.S. authorities in 2007 that he helped Americans set up secret bank accounts in Switzerland. Thousands are soon expected to be exposed for dodging U.S. taxes Los Angeles Times (hat tip DoctoRx)
Hedge fund bets millions that gas price will triple Financial Times
Cost control not coverage is the key to health reform Financial Times
Antidote du jour:







Health Care Reform and single payer – an Australian perspective
"Australians are almost as fat as Americans."
OMG, I thought they were all gorgeous string bikini wearing babes and rugged 'roo boxing blokes.
Sounds like a nice system – but the showstopper is that physicians went from 5X average income to only 1.5X income. I remember reading that physician income in the Netherlands is also just average.
There is nothing intrinsic to being a physician that demands an income higher than an accountant. Indeed, the model of the lone purveyor of the medical service probably hinders the adoption of modern technology and cost saving measures. I wonder how many prescriptions are written because doctors feel compelled to "do" something, and how many tests are run to get a fee.