New Yorkers once had train service all up and down Second Avenue. Here we see the old Second Avenue El (torn down in 1940-42) at 34th Street. [Click to enlarge.]"The pool of dollars available for something like public transit is limited. The result of extravagant spending on subways and the like is that we end up with fewer of them than other cities.
"[T]he failure of say-on-pay suggests that shareholders and boards genuinely believe that outsized C.E.O. remuneration holds the key to corporate success."-- James Surowiecki, in "Why C.E.O. Pay Reform Failed"by KenRemember, not so long ago, when the issue of outlandish, and ever outlandisher, executive pay was a burning issue, or at least an issue, in the land?
by KenThis evening I want to think about two major problems with the way Obamacare works -- one having to do with the way it's set up, which could probably be fixed fairly straightforwardly but won't be because it would require Congress to do the fixing, and one that requires only a change in the way health-care consumers shop for coverage which probably won't be solved because, well, it's just too difficult for shoppers.THE STRUCTURAL PROBELM FOR FAMILIESThis morning on the ra
“Antibiotic resistance really has the potential to make everything about the way we live different.”-- Kevin Outterson, a founding member of the CDC’s working groupon antimicrobial resistance, to The New Yorker's James Surowieckiby KenI think most of us are aware, in a general way, that there is a mismatch in the world of drug development between ac
"Bob Kocher, who was a special assistant for health care in the White House in 2009 and 2010, did a report for Lawrence Summers on the past sixty years of health-care legislation, and found that when Congress seriously considered enacting health-care reform the rate of health-care spending often slowed for a year or two. Just talking about medical costs, it seems, limits medical costs."-- James Surowiecki, in his New Yorker "Financial Page"piece this week (Dec.
