If you think a delusional market is healthy, it’s time for a psychiatric exam. What diagnosis would an experienced psychiatrist offer when presented with the bizarre behavior of the U.S. stock market? We assume that the wild mood swings of greed and fear are “normal” for markets devoted to short-term profit and speculation, but the stock market’s disconnect from reality is …
Ralph Nader – Vanishing the People’s Wealth to Make the Bosses Richer
Imagine you are a shareholder in a big company and the top executives are sitting on huge amounts of cash and are not interested in putting it to work through productive capital investments, research and development, reducing company debt or paying employees a higher wage. What would you want done about it? Since you and other shareholders are the owners …
Why America’s $2.9 Trillion Medical Industry Still Runs on Paper Payments by John Tozzi
Dealing with medical bills, like waiting for the cable guy or buying a used car, has become a cliché of consumer exasperation. Everything from electricity and phone bills to tax returns and parking tickets migrated to electronic payments years ago, but America’s $2.9 trillion health-care economy remains stubbornly stuck in the 1990s. The number of medical bills paid by paper check through the U.S. …
GMO Labeling Will Not Increase Food Prices
Tomorrow morning, the House Agriculture Committee will hold a hearing on the impact of GMO labeling on food prices. Several witnesses will raise their hands and give sworn testimony that a simple disclosure on the back of a package that food made with genetically modified ingredients will raise food prices. All of them will be wrong. Here’s the truth: changing labels has …