Originally published on Fri November 15, 2013 2:21 pm
The American public is clearly ticked off. Between the government shutdown, the troubled rollout of the Affordable Care Act, and the pace of the economic recovery, poll after poll reports signs of deep frustration and unrest.
Anger toward politicians and government isn't exactly a new phenomenon. What is unusual, however, is the sheer number of polling records that have been set in recent weeks — both lows and highs.
Originally published on Fri November 15, 2013 11:02 pm
Aid is starting to get to some of the survivors of Typhoon Haiyan, but the sad news from the Philippines on Friday is that for many of the storm's victims things still aren't much better after a week without adequate food, water or shelter.
Laura Lane met Paquita Williams, a New York City subway conductor, when their train was stopped underground for two hours. Generally, Paquita says, most passengers are nice, but "there's times if the train breaks down, people think that's my fault."
While the health law's insurance markets are still struggling to get off the ground, the Obama administration is moving ahead with its second year of meting out bonuses and penalties to hospitals based on the quality of their care. This year, there are more losers than winners.
Medicare has raised payment rates to 1,231 hospitals based on two-dozen quality measurements, including surveys of patient satisfaction and — for the first time — death rates. Another 1,451 hospitals are being paid less for each Medicare patient they treat for the year that began Oct. 1.
Robert Shiller was surprised when he got the call telling him he'd won the Nobel Memorial Prize in economics — surprised that he'd won (of course), but also surprised that he was sharing the award with Eugene Fama.
"He and I seem to have very different views," Shiller told me. "It's like we're different religions."
In particular, they have very different views about economic bubbles.
"The word 'bubble' drives me nuts, frankly," Fama told me.