Several authors have talked about the long history of the Bush family and oil. Kevin Phillips in his latest book, American Theocracy, makes no bones about the fact that the current Middle East policy is in fact a geopolitical strategy devised by Dick Cheney on behalf of the Oil Industry in the late 90's. But, if you have any doubts how the public feels about the price of gas and Bush — look at this graph, thanks to Political Insider, created by Stuart Eugene Thiel. Any questions?
For all the talk in the political sphere of taking personal responsibility in health care, precious little is being done to prepare people to learn about healthcare options. However, such lack of discussion doesn't negate the argument that self-education on health issues works.
An obituary for Dr. Tom Ferguson, found in today's New York Times, discusses Dr. Ferguson's passion for helping individuals understand their health care needs and options. His daughter credits Dr. Ferguson's willingness to "tweak" his doctor's directions, for managing his case of multiple myeloma, for extending his life.
"Being a doctor, he was ahead of the game," Ms. Dreiss said. "He kept with the traditional party line and did what doctors told him he should do but tweaked their advice in his own way. He read widely, worked out his own doses and was not afraid to experiment; when he heard about a clinical trial involving thalidomide, he called the drug company and told them he wanted to be in on it. He lived far longer than most people with this disease do."
Andy Grove, co-founder of Intel, documented his efforts to learn more about prostate cancer so that he could participate in managing his affliction. This 1996 Fortune magazine story highlights his efforts and is a testimony to his success (Mr. Grove is a survivor).
Bottom line, Dr. Ferguson's thesis is correct. So, how do we teach people to learn, to manage the information critical to their success – even survival?
WSJ column by Andy Kessler, The Design Economy, posits that perhaps the stock market knows how the economy works better than we do as it zips past the behavior models we expect it to conform to.
Perhaps here's how the world works these days. No need to borrow billions and build big ethylene plants anymore. You invent something here (chip, movie, iPod, medicine, financial instrument), email the design overseas for manufacture in $1-an-hour factories (OK, not financial stuff), and then ship it back for consumption. Sure, this runs up trade deficits, and our precious dollars leave the country, but that's only half the story. Those dollars come back and invest in the U.S. Most go into long bonds, 10-years and 30-years. That's why Alan Greenspan left with a puzzled look on his face. Foreign buying is keeping long rates low; the yield curve is flat.