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...economy. Goldman's O'Neill has said it's "conceivable" that China's economy will be bigger than that of the U.S. in less than 20 years and that the BRIC countries as a group will carry as much economic weight as the G-7 group of Western powers plus Japan. This sounds like bad news for the U.S. - and it will certainly bring all sorts of new complications to the global political scene. From a purely economic standpoint, though, the rise of the BICs is great in that it offers the only remotely attractive path out of our current...
...margin or money-losing services like burn units, neonatal care and treating the uninsured. When healthier, fully insured patients migrate away from community hospitals to specialty facilities, their reimbursements go with them. Overall profit margins at specialty hospitals, sometimes as high as 30%, dwarf those of community hospitals. Plus, specialty hospitals don't typically treat many Medicaid patients, which bring in some of the lowest reimbursements available...
...Medicare Payment Advisory Commission, just the presence of a doctor-owned heart hospital in a community increases the rate of cardiac surgery by 6% among Medicare beneficiaries. The upshot, according to a House staffer involved in health reform, is that "people are getting things they probably don't need." Plus, says the staffer, "the community hospitals go to war, bulk up their own specialty centers and all of a sudden you see these ads around town that 'You should get your heart checked.'" (Read "How Not to Get Sick...
...problem: the U.S. Olympic Network could compete with NBC, which is paying $2.2 billion to broadcast the 2010 and 2012 Olympics. The network accounts for roughly half of the IOC's global broadcast-rights fees, and NBC will surely be among the bidders for the 2014 and 2016 Olympics. Plus, NBC wanted the USOC to partner with its own cable network, Universal Sports, for Olympic programming. NBC is irked, and the IOC doesn't like to see its sugar daddy sulking...
...Upwards of 100 million voters scattered across 920-plus permanently inhabited islands went to the voting booth. Susilo Bambang Yudhoyono was picked for a second term by roughly 60% of the voting populace, according to unofficial results, outpacing rivals Megawati Sukarnoputri and Jusuf Kalla, who garnered around 27% and 13% respectively. Yudhoyono, popularly known among Indonesians by his initials S.B.Y., was expected to win, not least because his first five-year term wasn't syncopated by the constant drumbeat of political and economic scandals that had marred previous Presidents' tenures. Yet the electoral outcome served as much as a vote...