Richard Epstein in the Los Angeles Times
Repeated studies, both domestic and foreign, have shown that price controls dull the incentives of pharmaceutical companies to develop new drugs. Even talk of price controls depresses investment.Because of its high-fixed, low-variable cost structure, the drug industry will never reach perfect competitive equilibrium. But in our second-best world, ponder […]
Mary Madigan of Dean’s World has posted about a recent trip to Beirut.
She has some great photos up.
Crosblog highlights another failure of the American Justice system
Some things are simply too horrifying for further comment.
KRT Wire
A Muslim group is asking Virginia Republican Rep. Virgil Goode Jr. to apologize after he told hundreds of his constituents that more Muslims will follow Rep.-elect Keith Ellison, D-Minn., to Congress if strict immigration laws aren’t passed.”The Muslim representative from Minnesota was elected by the voters of that district and if American citizens don’t […]
washingtonpost.com
A shuffle of top American generals in Iraq is likely to accompany the shift in U.S. policy that President Bush is considering.Army Gen. John P. Abizaid, commander of U.S. forces in the Middle East, has submitted plans to go ahead with a retirement that is months overdue, according to the U.S. Central Command.
And the top […]
Bill Roggio looks at the Military Transition Teams in Iraq and talks about the strengths and weaknesses of the Iraqi Army and gives some actionable, concrete suggestions on improvements that can be made. This strikes me as far more useful than anything I saw in the ISG report. Certainly something that is worth taking a […]
OpinionJournal
“My patients were hurting, they looked to me and what could I do?” So confesses an anonymous campus physician in the beginning of her startling memoir. Over the course of 200 pages, she tells story after story about suffering young women. If these women were ailing from eating disorders, or substance abuse, or almost […]
Can Dr. Evil Save The World?
Then Lowell Wood approached the podium. At sixty-five, Wood is a big, rumpled guy, tall and broad as a missile silo, with a full red beard and pale blue eyes that burn with a thermonuclear glow. In scientific circles, Wood is a dark star, the protege of Edward Teller, the […]
Reuters.co.uk
South Korea’s Ban Ki-moon was sworn in as the eighth U.N. secretary-general on Thursday and vowed to restore trust in an institution tainted by scandal and a growing divide between rich and poor nations.The former South Korean foreign minister, 62, takes over on January 1, succeeding Ghanaian Kofi Annan, 68, who steps down at the […]
Senator Ron Wyden of Oregon has proposed new health insurance legislation
Detail’s can be found on his site, and also this site, formed apparently to promote this plan.
The basic idea is that everyone would be mandated to purchase individual health insurance, with anyone below 400% or poverty getting a subsidy to defray part of the costs. […]
