Archive for the ‘Capitalism & Corporations’ Category

Bernanke’s QE Explained – “Screw You America!”

Sunday, November 21st, 2010

– I found this really funny and insightful.   Things are truly going to hell.

= = = = = = = = = = = = =

ClickHere

– Research thanks to Mike D.

———

POSTSCRIPT – Apparently, there’s more of this out there.   Here’s another one which is a natural follow-on to the first:

ClickHereForMore

– Research thanks this time to Ann G.

US urged to stop Haiti rice subsidies

Tuesday, October 26th, 2010

– How long it can take for the other shoe to drop….

– Some years ago, I saw the movie, Life and Debt about the effects on Jamaica of Globalization.

– Now, after all this time, people like Carter are beginning to see the destruction they’ve wrought in the name of ‘Globalization‘.

= = = = = = = = = = = = = = = =

A leading aid agency has called on the United States to stop subsidising American rice exports to Haiti, the poorest country in the western hemisphere, because it says the policy undermines local production of food.

Former US President Bill Clinton, one of the architects of the subsidies to US farmers – and who is now, paradoxically, the co-chair of Haiti’s earthquake recovery Commission – is quoted by Oxfam as saying that the policy was “a mistake”.

“It may have been good for some of my farmers in Arkansas, but it has not worked,” said Mr Clinton, a frequent visitor to Haiti.

“I have to live every day with the consequences of the lost capacity to produce a rice crop in Haiti to feed those people, because of what I did.”

The aid agency says the $434m (£274m) paid annually in domestic US rice subsidies is more than the total US aid to Haiti of $353m.

The Oxfam report said subsidies paid to American farmers meant the rice they export to Haiti – known locally as Riz Miami or “Miami Rice” – is cheaper than locally produced rice.

The foreign rice that is “dumped” in Haiti therefore exacerbates the rural-urban drift that has seen the population of the capital Port-au-Prince balloon out of control as farmers who cannot feed themselves move to the city in search of employment.

The city was built in colonial times to house a few hundred thousand people.

– More…

The Story of Cosmetics – a video you should see

Saturday, July 24th, 2010

– Just watched this video.   It is powerful stuff.

“The average woman in the U.S. uses about twelve personal care products daily… each product containing a dozen or more chemicals. Less than 20 percent of the chemicals used in cosmetics have been assessed for safety by the industry safety panel, so we just don’t know what they do to us when we use them.”

“It’s like a giant experiment,” Annie continues. “We’re using all these mystery chemicals and just waiting to see what happens… The FDA doesn’t even assess the safety of personal care products or their ingredients… they don’t even require that all the ingredients be listed on the label!”

The see the video, click here: 

– If you use cosmetics and personal care products of any kind, you’ll want to know this information.

– Research thanks to Charles P.

—————-

Postscript: an academic friend wrote back to me soon after I posted the above and offered the following additional information – which is highly relevant.

– Thanks John P!

—————

WebMD

FDA does not approve cosmetics.
http://www.webmd.com/fda/is-it-really-fda-approved?page=3

Natural Cosmetics: Are They Healthier for Your Skin?
http://www.webmd.com/skin-beauty/features/natural-cosmetics-are-they-healthier-for-your-skin

Eco-Friendly Beauty Products
THE GREENER GOODS: A fresh crop of natural beauty buys

http://www.webmd.com/skin-beauty/features/eco-friendly-beauty-products?page=3

1. Stella McCartney Care 5 Benefits Moisturising Fluid, Nourishing Elixir, and Purifying Foaming Face Cleanser

2. 365 Organic Cotton Balls

3. Aveda Be Curly Curl Control

4. The Healing Garden Organics Wild Honey Body Wash

5. Tom’s of Maine Natural Long-Lasting Deodorant Stick in Lemongrass

6. Luzern Laboratories Serum Control Absolut

7. Aveda Lip Shine in Night Iris

8. Josie Maran Plumping Glosses in Brilliance and Strength, Black Mascara, and Eyeshadow in Valentine

9. Origins Nourishing Face Lotion and Conditioning Hair Oil

10. Burt’s Bees Very Volumizing Shampoo and Conditioner with Pomegranate & Soy

11. Jurlique Replenishing Foaming Cleanser

12. Nude Facial Scrub, Cleansing Milk, Age Defence Intense Moisture, and Lip Balm

13. Jason Super-C Cleanser

Mirror, Mirror on the Wall: How the Performance of the U.S. Health Care System Compares Internationally, 2010 Update

Wednesday, June 30th, 2010

– To all my friends in America who still think that the American Health system is the best on the planet and that the moneyed corporate interests are not taking all of you for a big ride – at your expense…

= = = = = = = = = = = = =

Overview

Despite having the most costly health system in the world, the United States consistently underperforms on most dimensions of performance, relative to other countries. This report—an update to three earlier editions—includes data from seven countries and incorporates patients’ and physicians’ survey results on care experiences and ratings on dimensions of care. Compared with six other nations—Australia, Canada, Germany, the Netherlands, New Zealand, and the United Kingdom—the U.S. health care system ranks last or next-to-last on five dimensions of a high performance health system: quality, access, efficiency, equity, and healthy lives. Newly enacted health reform legislation in the U.S. will start to address these problems by extending coverage to those without and helping to close gaps in coverage—leading to improved disease management, care coordination, and better outcomes over time.

Executive Summary

The U.S. health system is the most expensive in the world, but comparative analyses consistently show the United States underperforms relative to other countries on most dimensions of performance. This report, which includes information from the most recent three Commonwealth Fund surveys of patients and primary care physicians about medical practices and views of their countries’ health systems (2007–2009), confirms findings discussed in previous editions of Mirror, Mirror. It also includes information on health care outcomes that were featured in the most recent (2008) U.S. health system scorecard issued by the Commonwealth Fund Commission on a High Performance Health System.

Among the seven nations studied—Australia, Canada, Germany, the Netherlands, New Zealand, the United Kingdom, and the United States—the U.S. ranks last overall, as it did in the 2007, 2006, and 2004 editions of Mirror, Mirror. Most troubling, the U.S. fails to achieve better health outcomes than the other countries, and as shown in the earlier editions, the U.S. is last on dimensions of access, patient safety, coordination, efficiency, and equity. The Netherlands ranks first, followed closely by the U.K. and Australia. The 2010 edition includes data from the seven countries and incorporates patients’ and physicians’ survey results on care experiences and ratings on various dimensions of care.

The most notable way the U.S. differs from other countries is the absence of universal health insurance coverage. Health reform legislation recently signed into law by President Barack Obama should begin to improve the affordability of insurance and access to care when fully implemented in 2014. Other nations ensure the accessibility of care through universal health insurance systems and through better ties between patients and the physician practices that serve as their long-term “medical homes.” Without reform, it is not surprising that the U.S. currently underperforms relative to other countries on measures of access to care and equity in health care between populations with above-average and below-average incomes.

But even when access and equity measures are not considered, the U.S. ranks behind most of the other countries on most measures. With the inclusion of primary care physician survey data in the analysis, it is apparent that the U.S. is lagging in adoption of national policies that promote primary care, quality improvement, and information technology. Health reform legislation addresses these deficiencies; for instance, the American Recovery and Reinvestment Act signed by President Obama in February 2009 included approximately $19 billion to expand the use of health information technology. The Patient Protection and Affordable Care Act of 2010 also will work toward realigning providers’ financial incentives, encouraging more efficient organization and delivery of health care, and investing in preventive and population health.

For all countries, responses indicate room for improvement. Yet, the other six countries spend considerably less on health care per person and as a percent of gross domestic product than does the United States. These findings indicate that, from the perspectives of both physicians and patients, the U.S. health care system could do much better in achieving value for the nation’s substantial investment in health.

– To the original: 

– research thanks to Bruce S.

Venting Online, Consumers Can Find Themselves in Court

Thursday, June 3rd, 2010

– Just lovely – as if we don’t have enough reasons to think that powerful and uncontrolled corporations are a bad idea.

– – – – – – – – – –

After a towing company hauled Justin Kurtz’s car from his apartment complex parking lot, despite his permit to park there, Mr. Kurtz, 21, a college student in Kalamazoo, Mich., went to the Internet for revenge.

Outraged at having to pay $118 to get his car back, Mr. Kurtz created a Facebook page called “Kalamazoo Residents against T&J Towing.” Within two days, 800 people had joined the group, some posting comments about their own maddening experiences with the company.

T&J filed a defamation suit against Mr. Kurtz, claiming the site was hurting business and seeking $750,000 in damages.

Web sites like Facebook, Twitter and Yelp have given individuals a global platform on which to air their grievances with companies. But legal experts say the soaring popularity of such sites has also given rise to more cases like Mr. Kurtz’s, in which a business sues an individual for posting critical comments online.

The towing company’s lawyer said that it was justified in removing Mr. Kurtz’s car because the permit was not visible, and that the Facebook page was costing it business and had unfairly damaged its reputation.

Some First Amendment lawyers see the case differently. They consider the lawsuit an example of the latest incarnation of a decades-old legal maneuver known as a strategic lawsuit against public participation, or Slapp.

The label has traditionally referred to meritless defamation suits filed by businesses or government officials against citizens who speak out against them. The plaintiffs are not necessarily expecting to succeed — most do not — but rather to intimidate critics who are inclined to back down when faced with the prospect of a long, expensive court battle.

– more…

– This article is from the NY Times and they insist that folks have an ID and a PW in order to read their stuff. You can get these for free just by signing up. However, a friend of mine suggests the website bugmenot.com :arrow: as an alternative to having to do these annoying sign ups. Check it out. Thx Bruce S. for the tip.

Ask the Chamber of Commerce: Why Is Too Much Not Enough?

Thursday, March 25th, 2010

– One might be forgiven for thinking that the U.S. Chamber of Commerce is simply the national aggregation of all the smaller Chamber of Commerce’s scattered around the country.

– But, in fact, it is not so.  It is a front group and represents 30 million businesses but 30% of its incomes comes from only 19 of those businesses.   These are big businesses with a big vested interest in controlling how government works and what laws government passes that my affect their bottom line.

– – – – – – – – – – – – – – – – – – –

Living in these United States, there comes a point at which you throw your hands up in exasperation and despair and ask a fundamental question or two: how much excess profit does corporate America really need? How much bigger do executive salaries and bonuses have to be? How many houses or jets or artworks can be crammed into a life?

After all, as billionaire movie director Steven Spielberg is reported to have said, when all is said and done, “How much better can lunch get?” But since greed is not self-governing, hardly anyone raking in the dough ever stops to say, “That’s it. Enough’s enough! How do we prevent it from sweeping up everything in its path, including us?”

Look at the health care industry saying to hell with consumers and then hiking premiums – by as much as 39 percent in the case of Anthem Blue Cross in California. According to Congressional investigators, over a two-year period, Anthem’s parent company WellPoint spent more than $27 million dollars for executive retreats at luxury resorts. And in 2008, WellPoint paid 39 of its executives more than a million dollars each. Profit before patients.

– more…

What crisis? World billionaire ranks hit new high

Monday, March 15th, 2010

While for many people the effects of the worst recession since the 1930s look likely to linger and unemployment remains high across the Western world, for the planet’s super-rich, things are looking very perky once again.

The number of billionaires has soared in the past year, and dozens of people who lost that elite status in the credit crisis have won it back as stock markets and commodities prices have rebounded.

But the man behind the list warns that the West is losing ground to Asia, from where the bulk of the newly-minted billionaires have emerged.

“The US still dominates,” said Steve Forbes, the magazine mogul and onetime US presidential candidate, “but it is lagging. The remarkable changes in the list are reflecting the changes taking place in the global economy.”

More…

The Fix Is In

Monday, March 15th, 2010

– Want to know why American health care costs are so high?   Read this:

= = = = = = =

The hidden public-private cartel that sets health care prices.

Living in Massachusetts should, by all indicators, mean having access to good health care. Following the landmark passage of a health insurance mandate in 2006, the state today enjoys the nation’s lowest percentage of uninsured citizens. Major cities like Boston have the nation’s highest numbers of doctors per capita and anchor some of the world’s largest and most prestigious medical centers. And Massachusetts isn’t stingy—it spends more on health care per person than any other state. Yet, as a remarkable NPR documentary reported last year, patients calling Massachusetts General Hospital—ranked the fifth best in the nation by U.S. News and World Report—were informed that Harvard’s massive academic hospital was no longer accepting new patients needing primary care. And that problem isn’t limited to Massachusetts General—it’s occurring throughout the state. Despite near-universal insurance, oodles of doctors, reams of cash, and no dearth of bright minds, the average person in Massachusetts can’t find a new primary care doctor.

The nation soon may face the same fate. To have any hope of meaningful national health reform, therefore, we must address the perverse financial incentives that created and continue to inflame this problem.

The root of the shortage can be traced to 1985, when a Harvard economist named William Hsiao developed a scale to measure the relative value of every single one of the thousands of services provided by doctors, a job later compared to measuring “the exact amount of anger in the world.” For example, Hsiao’s team deemed that a hysterectomy required 3.8 times more mental effort and 4.47 times more technical skill than a psychotherapy session. In 1992, Medicare formally adopted Hsiao’s concept; private insurers followed suit. Today, this relative value-based system sets the prices—and therefore drives the priorities of American medicine.

Here’s how it works. Doctors do a job—like placing a coronary artery stent, reading an EKG, or spending an hour examining and diagnosing a patient with a complex problem like insomnia—and earn something called “relative value units.” In 2009, according to Medicare, the stent guy scores about 24 units for his relatively quick procedure, the EKG person gets 0.5 units for the 10 seconds his job requires, and the poor internist gets only 2.5 units for his hour of time. Figuring a doctor’s total take per task is straightforward: Medicare adds up a doctor’s total RVUs, multiplies the total by a fixed amount (roughly $40 right now), and writes the check.

– More…

– Research thanks to Hans D.

Global trade slumped 12% last year

Thursday, February 25th, 2010

– Cheer up, folks.   12%’s not much – it’s just a flesh wound, really.

– – – – – – – – – – – – – – – – – – – – – –

Global trade flows contracted by a catastrophic 12% in 2009, the fastest pace since the second world war, Pascal Lamy, director general of the World Trade Organisation revealed today, as he urged its 153 member countries to breathe new life into the ailing Doha trade round.

This latest estimate is considerably worse than the WTO’s previous forecast of a 10% decline for last year, underlining the hefty costs of the financial crisis for the world economy.

Lamy said there were early signs that trade was now recovering, but it was not yet clear whether the upturn would last. “Certainly there is a pick-up. Whether this pick-up is short term … or whether this is sustainable … is difficult to say but we certainly are picking up.”

In the early phases of the credit crunch in 2008, there was hope that the worst of its effects would be confined to the US and other major economies, with emerging markets such as China and India escaping unscathed.

But after confidence collapsed in the wake of the Lehman Brothers bankruptcy in late 2008, policymakers throughout the world watched in horror as demand plunged in every market.

Bank of England governor Mervyn King subsequently described how one company after another in the UK reported that demand had “fallen off a cliff”.

“The main explanation for this freefall in trade has been the simultaneous reduction in aggregate demand across all major world economies,” Lamy told a conference in Brussels.

More…

– hat tip to Cryptogon

Ranking 37th — Measuring the Performance of the U.S. Health Care System

Monday, February 22nd, 2010

– A quote from the article, below:

Despite the claim by many in the U.S. health policy community that international comparison is not useful because of the uniqueness of the United States, the rankings have figured prominently in many arenas. It is hard to ignore that in 2006, the United States was number 1 in terms of health care spending per capita but ranked 39th for infant mortality, 43rd for adult female mortality, 42nd for adult male mortality, and 36th for life expectancy. These facts have fueled a question now being discussed in academic circles, as well as by government and the public: Why do we spend so much to get so little?

– – – – – – – – – – – – – – – – – – – – – –

Evidence that other countries perform better than the United States in ensuring the health of their populations is a sure prod to the reformist impulse. The World Health Report 2000, Health Systems: Improving Performance, ranked the U.S. health care system 37th in the world1 — a result that has been discussed frequently during the current debate on U.S. health care reform.

The conceptual framework underlying the rankings2 proposed that health systems should be assessed by comparing the extent to which investments in public health and medical care were contributing to critical social objectives: improving health, reducing health disparities, protecting households from impoverishment due to medical expenses, and providing responsive services that respect the dignity of patients. Despite the limitations of the available data, those who compiled the report undertook the task of applying this framework to a quantitative assessment of the performance of 191 national health care systems. These comparisons prompted extensive media coverage and political debate in many countries. In some, such as Mexico, they catalyzed the enactment of far-reaching reforms aimed at achieving universal health coverage. The comparative analysis of performance also triggered intense academic debate, which led to proposals for better performance assessment.

Despite the claim by many in the U.S. health policy community that international comparison is not useful because of the uniqueness of the United States, the rankings have figured prominently in many arenas. It is hard to ignore that in 2006, the United States was number 1 in terms of health care spending per capita but ranked 39th for infant mortality, 43rd for adult female mortality, 42nd for adult male mortality, and 36th for life expectancy.3 These facts have fueled a question now being discussed in academic circles, as well as by government and the public: Why do we spend so much to get so little?

Comparisons also reveal that the United States is falling farther behind each year (see graph). In 1974, mortality among boys and men 15 to 60 years of age was nearly the same in Australia and the United States and was one third lower in Sweden. Every year since 1974, the rate of death decreased more in Australia than it did in the United States, and in 2006, Australia’s rate dipped lower than Sweden’s and was 40% lower than the U.S. rate. There are no published studies investigating the combination of policies and programs that might account for the marked progress in Australia. But the comparison makes clear that U.S. performance not only is poor at any given moment but also is improving much more slowly than that of other countries over time. These observations and the reflections they should trigger are made possible only by careful comparative quantification of various facets of health care systems.

More…