E-Visits: The Next Big Thing in Healthcare?

It seems that, by 2009, doctors may be able to bill Medicare for electronic consults, a practice that has been discussed in the past but has not been reimbursed by insurers (except in a few remote instances) to date.

Under this new provision, consumers of healthcare . . . → Read More: E-Visits: The Next Big Thing in Healthcare?

We Need Tighter Laws to Control the Speculation of Oil

The price of oil continues to hit record high. Many believe the main reason for this is speculation.

The price of oil has nearly tripled since 2004. The trading in oil on the New York Mercantile Exchange also tripled since 2004. A mere coincidence? OPEC no longer controls the price of oil. Majority of . . . → Read More: We Need Tighter Laws to Control the Speculation of Oil

Seeking a Shallow Bottom: The U.S. Economy Going into the Second Half of 2008

Has the U.S. economy touched bottom in this economic downturn yet? Or is there further to fall? Let’s look at the numbers and see if there’s a possible ray of hope beneath the data’s bleakness.

The latest figures for industrial production in the U.S., those for the month of April (May’s figures are being . . . → Read More: Seeking a Shallow Bottom: The U.S. Economy Going into the Second Half of 2008

An Inflation Parable: What’s Happened to the Dollar Since 1971

Imagine it’s 1971, and you’ve volunteered for a science experiment: you’re going to be frozen alive for five years in a test case for future space travel to planets light years away. The experiment is dangerous, and as a result, you’re paid $25,000 for “volunteering.” You sign a waiver indemnifying the government in the . . . → Read More: An Inflation Parable: What’s Happened to the Dollar Since 1971

It’s Steve Jobs’ World and We Just Live in It

A few days ago, I had to meet my wife at the airport. I was early (unheard of), and the flight was late (what else is new). I bought an International Herald Tribune and had coffee and a pastry while I read the paper. A feeling of bittersweet nostalgia overcame me. The morning papers . . . → Read More: It’s Steve Jobs’ World and We Just Live in It

The U.S. Economy as One Big Red-Light District

If you imagine the economy as an animal, the characters in Jim Thompson’s The Grifters are either the parasites that leech on that beast or its masters. You may have to read the book to decide.

Yes, you can catch a glimpse of . . . → Read More: The U.S. Economy as One Big Red-Light District