Roger Ebert on the Gathering Storm

Roger Ebert inspired by Thomas Friedman leads to an interesting post:

http://blogs.suntimes.com/ebert/2010/02/the_gathering_storm.html

Here is the comment I tried to post on Ebert's blog:

I am agog at how many people have shared their stories and opinions. As for me, I don't have much to say except this: no system will work, including universal or for-profit healthcare, unless people are ethical.

Today, in almost every profession, incentives tend to push people, even good ones, into poor decisions. For example, if you're a doctor who gets reimbursed based on the number of tests you order, why not order an extra one? Does this attitude change under universal healthcare? Of course not. The only difference is who pays for it.

Conservatives understand human nature's tendency to game systems and are afraid that universal healthcare represents a massive opportunity for dishonest people to game the system and pass the buck (literally :-) Liberals, on the other hand, see the poor man in the street dying from a treatable chronic disease, or the cancer patient who can't get treatment, and are outraged. They want things to change. Neither side seems to understand that the incentives in healthcare need to change in order to promote ethics and a sustainable system.

When I see people argue in broad terms, I see no opportunity for real agreement. I am reminded of Yates: "Turning and turning in the widening gyre..."

Random Note about the NBA

Matt Barnes = the new, improved Raja Bell. If you're an NBA fan who watched the Orlando/Lakers game yesterday, you know what I'm talking about. By the way, Mr. Barnes is a Santa Clara, CA native. So Steve Nash and Matt Barnes...representing Santa Clara, California. I guess Gary Payton and Jason Kidd would represent Oakland, CA. I'm not sure who would represent San Francisco, CA.

Barry Ritholtz on Madoff

As usual, Barry Ritholtz gets it right:

http://www.ritholtz.com/blog/2010/03/what-were-the-actual-losses-in-madoffs-fraud/

Love the example about the trillion dollars. Doesn't it seem that "trillion" will be 2010's word of the year?

Fiscally Conservative Democrats -- Not Necessarily a Contradiction

During one of the worst recessions in modern history, the senior citizens' lobby wanted to take $250 from working people and put the money into their own pockets. The measure failed, because the following Democratic Senators exercised restraint:

Bayh (D-IN)
Bennet (D-CO)
Carper (D-DE)
Feingold (D-WI)
Feinstein (D-CA)
Landrieu (D-LA)
Levin (D-MI)
McCaskill (D-MO)
Nelson (D-NE)
Shaheen (D-NH)
Udall (D-CO)
Warner (D-VA)

Both of Colorado's Senators appear to have good financial sense.

Dianne Feinstein seems to have enough job security to vote against the lobby's demands. Sadly, Barbara Boxer voted for the bill and seems to be doing everything she can to lose to Republican Tom Campbell in the next California election.

Russ Feingold did the right thing (he seems to do that a lot).

To Bernie Sanders from Vermont, who sponsored the bill: you need to go back and re-take basic math. No cost-of-living adjustment means there was no significant reported inflation. If prices in general didn't go up, why do benefits for senior citizens have to go up? We already expanded prescription drug coverage under the Bush administration, and senior citizens are eligible for Medi-care. What, exactly, is the problem, as long as senior citizens don't spend excessively? If you have a beef with the reported inflation numbers, then you go and address that issue, but please don't run straight to the taxpayers every time you get a harebrained idea.

Teaching Kids (and Adults) about Natural Gas

Even though the following webpage is for kids, I think it's an excellent way to explain natural gas to anyone, including adults. More after the jump, courtesy of the federal government:

http://tonto.eia.doe.gov/kids/energy.cfm?page=natural_gas_home-basics

34K for Kindergarten Tuition?

The rich are not like you or me. $34,000 for kindergarten tuition? More after the jump:

http://www.bloomberg.com/apps/news?pid=20603037&sid=aMSOxnqW3VQs

Tuition at Dalton [Kindergarten]...is rising 3.5 percent to $35,300 for the 2010-11 school year. If you ask me, these kids would do just as well if they went to a private Montessori school.

RIP Theresa Pfeiffer, Esq.

A good woman and a good lawyer, Theresa Pfeiffer, recently died. I saw her in court and in seminars several times, and she was always so dignified--gentle yet strong. When we talked, she always left an impression with her beautiful blue eyes and soft voice. I couldn't read the obit, because I started to tear up.

RIP Theresa Pfeiffer.