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The government has given buyers using the credit another three months to close sales, and the initiative is being imitated on a smaller scale by states and private companies. But some think the market would be better off if we laid it to rest for good.
Editor's note: I'm kicking off a new feature on my Forbes blog. I test drive a new car on most weeks of the year. Here's the lowdown on what's in my driveway. The Car: 2012 Mercedes-Benz C250 Where I drove it: City. First Impressions: A sleeper. At first glance it's a modest sedan that looks ...
? ?Everything that is man-made in this world has been designed," writes my colleague and arts editor Anna Carnick. ?And good design??can enrich and even improve our lives. Be it an innovative, multi-functional joint??system that provides an infrastructure for relief housing and high-end tables, or a??collection of charred furniture, or even an artificial rainbow that ...
Greenway Medical Technologies, a seller of electronic health records, got off to a bumpy start when its bankers re-priced last minute its IPO price downward to $10 from an original range of $11 to $13 a share. It closed today at $13, up 30%?valuing it at three times revenue, in line with competitors such as ...
The first part of the health reform law to fall was not struck down by the Supreme Court, blocked by state governments, or defunded by Congress ? it was struck down by the Obama Administration itself, which stated that the program could not be implemented as passed, and therefore would simply be ignored. The Community ...
Today, the U.S. House of Representatives will vote on H.R. 1173, the Fiscal Responsibility and Retirement Security Act of 2011, sponsored by Rep. Charles Boustany (R., La.). This two-page bill would repeal the fiscal disaster known as the CLASS Act, Obamacare's new long-term care entitlement, which was "suspended" by the Obama Administration because Health and Human Services Secretary Kathleen Sebelius could not certify that the entitlement was fiscally sustainable. Why, you might ask, should Congress bother to repeal CLASS, given that Sebelius has suspended its implementation? Because, according to the Congressional Research Service, courts could force her to implement the new entitlement, despite the fact that it will blow up the deficit.
One year ago, I moved my little health-care blog from avikroy.org over to Forbes.com. And what a year it's been. There has been no shortage of things to write about???and thanks to the paramount importance of entitlement reform and health policy, that will continue to be true for the foreseeable future. So I wanted to take the chance to reflect on The Apothecary's year that was.
There's been a flurry of mergers in the pharmaceutical and biotechnology industries lately. My Manhattan Institute colleague Paul Howard has some thoughts on one of the more interesting potential transactions: the hostile bid for Illumina, a genetic diagnostics company, by Swiss pharmaceutical giant Roche.
One of Sen. Ted Kennedy?s long-standing goals was the establishment of a federal program for long-term care for the infirm and disabled. This goal was ? apparently ? achieved posthumously when his Community Living Assistance Services and Supports (CLASS) Act was incorporated into the Patient Protection and Affordable Care Act (PPACA). The CLASS program provides ...
While most of the public debate on the constitutionality of the health reform law has centered on the "individual mandate" - the requirement to obtain government-approved health insurance or pay a penalty - the Supreme Court has also agreed to consider another, far less discussed issue: whether the law?s expansion of Medicaid eligibility might be ...
Libertarians are constantly lecturing the rest of us about the purity of their principles. Conservatives are just as statist as liberals, goes the refrain: conservatives simply want to use government intervention as an instrument for their own ends. So, then, why is it that the libertarian champion in the GOP Presidential race, Ron Paul, has the field's weakest stance on Medicare reform?
Last week, I wrote about the curious phenomenon of right-wing populists who say that they're the true believers in limited government, while opposing the candidates who actually make substantive proposals to that end. Dan McLaughlin of Redstate.com has put forth a rebuttal that helps illuminate the problem. Dan incorrectly surmises that I "equate having position papers with being serious about reform," when he in fact makes the opposite mistake, by equating a combative personality with being serious about reform.
By , CAIA On January 23, the Journal hosted an interesting debate between Josh Bloom, Phd,??of the American Council on Science and , and Dr. Else Torreele of the Open Society Foundation. (The link is here, and was free when I last checked. If it disappears behind a wall, the citation is: Josh Bloom & ...
President Obama?s largest legislative accomplishment to date was the passage of the health care reform law, which has been going into effect in stages, with regulations currently being written for the most substantial changes due to take effect in 2014. So it is odd the President mentioned health care only briefly, and in passing, in ...
Many of Obamacare's advocates quaintly cling to the idea that the law is unpopular because it hasn't been explained well to an ignorant and confused electorate. It's the thinking behind Jonathan Gruber's comic book on the law, which appears intended to overcome the supposed fourth-grade intellects of Obamacare's skeptics. But today's memorandum from the White House betrays a greater insight: the problem is not that Americans don't understand Obamacare, but that they understand it all too well.
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When Madonna performs her Super Bowl XVLI halftime set, she won’t be earning a penny. Why? Same reason the Black Eyed Peas didn’t get paid for theirs last year—halftime show acts perform for free.
Edwin Land, Polaroid's demanding, irascible, headman once told me in an aside that he couldn’t keep his researchers out of the dark rooms as they struggled to perfect instant color film. He predicted every living person on the planet earth before long would have his picture snapped by a Polaroid camera using instant color film. Land wasn't [...]
see photosAPClick for full photo gallery: 18 Ways to Get Tax Free Income Every year around this time, tax experts get together and use inflation data to project what the next year’s income tax brackets will look like. Last year, we had the added complexity of the fight over [...]
The bad news is the high expectation of an exogenous event that could throw economic recovery, an advancing stock market, and a mending Europe to the winds-- and usher in a period of fear and uncertainty punctuated by oil spiking to God knows what price, to shortages of energy, to profit margins squeezed in industries that require petroleum [...]
