World-News

Kevin G. Hall and Greg Gordon, McClatchy Newspapers: "Largely unnoticed in last week's government report on the condition of the nation's biggest banks was the disclosure that five of them, topped by Bank of America, could lose $99 billion from the kinds of exotic bets that sank the global economy. Even that figure, however, could prove to be exuberantly optimistic if the economy hits new depths, a McClatchy analysis has found."

http://www.truthout.org/051409L?n



The Truth Behind the Social Security and Medicare Alarm Bells

Robert Reich, Robert Reich's Blog: "Don't be confused by these alarms from the Social Security and Medicare trustees. Social Security is a tiny problem. Medicare is a terrible one, but the problem is not really Medicare; it's quickly rising health-care costs. Look more closely and the real problem isn't even health-care costs; it's a system that pushes up costs by rewarding inefficiency, causing unbelievable waste, pushing over-medication, providing inadequate prevention, over-using emergency rooms because many uninsured people can't afford regular doctor checkups, and spending billions on advertising and marketing seeking to enroll healthy people and avoid sick ones."

http://www.truthout.org/051409M?n



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