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...looks more like a middle-income Hong Kong housing estate than a rural Chinese village. But despite the exterior improvements, villagers are upset that they can no longer raise livestock outside their homes. One former resident of the now-demolished village says his family lost valuable cropland and the payment offered by the government is not enough to compensate. Job growth due to hydropower work is unlikely, the resident says, because the dam builders rely on outside labor. "Building this dam is good for the local government because of the tax revenue they can get off the electricity," says...

Author: /time Magazine | Title: Damming China's River Wild | 6/10/2008 | See Source »

...health care system as much as $30 billion annually. Binder and others argue that currently there's little motivation for doctors to reduce such errors: Insurers typically reimburse medical providers according to the number of patients they see, rather than the quality of care they deliver. It's a payment structure riddled with problems. "Under the status quo, doctors get paid if they make a mistake," says Dr. Richard Neubauer, chief of internal medicine at Alaska Native Medical Center in Anchorage and a member of the American College of Physicians' ethics committee. "Then they get paid a second time...

Author: /time Magazine | Title: Should Doctors Get Bonuses? | 6/4/2008 | See Source »

...paying with credit cards less painful? When we pay with cash we consume and pay at the same time, but when we pay with a credit card we are decoupling the timing of consumption from payment. We eat now and pay later, making the pain of paying lower and the enjoyment from the meal higher. We can even push the pain of paying to a more extreme level. Imagine that when you step into the restaurant the waiter tells you that the average diner eats about 50 bites and spends about $50 in this restaurant, making it a dollar...

Author: By Dan Ariely | Title: Irrational Economic Policies | 6/2/2008 | See Source »

...pain of paying related to the stimulus packages? If different payment methods have significant effects on the ease with which people will spend their money, shouldn’t the government administer tax rebates in such a way that minimizes the pain of paying...

Author: By Dan Ariely | Title: Irrational Economic Policies | 6/2/2008 | See Source »

...past week the government reiterated its promises to investigate what happened and to include parents on a panel that will oversee the inquiry. Parents say they might hire lawyers to help them seek restitution - to get what a sign on a building next to the Juyuan school site calls "payment of the blood debt" from those who constructed the concrete building in 1988. "We're thinking very seriously of trying to get legal assistance," said one parent, who asked that his name not be used. "We're not convinced the government is serious about this." Asked if he or anyone...

Author: /time Magazine | Title: China's Anguish on Children's Day | 6/1/2008 | See Source »

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