Gov. Perry, Your Health Care Lobbyists Are Calling
July 18, 2012
Rick Perry wants Texas to reject Obamacare’s expansion of Medicaid, even though it’d bring health insurance to several million people. But plenty of Texans disagree. And some of that have a lot of influence. As Jay Hancock reports today at Kaiser Health News, two groups of powerful interests are preparing to pressure Perry if, come next year, the state really does decide to opt out of the Medicaid expansion. One group is the hospitals that, absent the Medicaid expansion, will be bearing the cost of charity care even as they cope with declining revenue from other resources.
Are Speculators to Blame for Oil Prices?
August 29, 2009
A new paper by Ken Medlock and Amy Myers Jaffe of Rice University on oil speculation attracted a lot of unquestioning attention late this week. In the study, Medlock and Jaffe accuse the CFTC of missing the way rampant speculation may have driven up oil prices earlier this decade. But after reading the paper, it’s pretty clear that Medlock and Jaffe don’t have anything resembling a smoking gun. They largely rely on one correlation to support their case: That volume in oil futures contracts increased sharply at the same time that oil prices did.
Exile On Main street
December 24, 2008
A Free Life, which appeared last year, is an epic work, with a panoramic vision whose narrative form resembles a hefty, plot-driven nineteenth-century English novel. Nan Wu, a student who is pursuing graduate work in political science at Brandeis University, and his wife Pingping become disillusioned with the prospect of returning to their homeland in the wake of Tiananmen Square. Nan decides to abandon his studies and instead to nurture his love of poetry, and to this end he takes a series of menial jobs while his wife remains a housekeeper and cook to a wealthy American widow.
The End of Big Oil
February 27, 2008
When historians one day dissect the long arc of humankind's use of fossil fuels, they may very well zero in on October 9, 2006, as a turning point for Big Oil. That's when it became clear that the major oil companies--the giants that had survived numerous predicted extinctions and gone on to ever-greater profit and influence--were undergoing a tectonic shift and would either reinvent themselves or die.