Sunday gleanings and a personal recollection:
“Health Care Satellite Account”
- Health care is a large and growing share of the U.S. economy — 17.4% of GDP in 2013.
- With this new account, BEA aims to improve the measurement of health care spending, and help researchers and policymakers better understand this sector’s spending and trends. The principal contribution of the HCSA is that it redefines the commodity provided to patients as the treatment of disease (for example, cancer or diabetes) rather than the specific types of medical care that individuals purchase (such as visits to a doctor’s office or the purchase of a drug), as is currently published. The redefinition of the output of the health sector as the treatment of disease implies a different allocation of consumer spending for health care services (across diseases rather than goods and services) and also different prices indexes than those published in the NIPAs [national income and product accounts].
“In China, VPN internet access tools suffer further disruptions”
- A cyber security expert at a government-backed Chinese think-tank told the Global Times that China’s Great Firewall “has been upgraded for cyberspace sovereignty”, in a rare acknowledgement in state-run media of the country’s efforts to block technical workarounds to the firewall. Attacks and blocks on foreign internet services have become increasingly common in China. Censors maintain a tight grip on what can and cannot be published online to eliminate anything seen as a threat to the ruling Communist Party.
“Beard of Egypt’s King Tut hastily glued back on with epoxy”
- Three of the museum’s conservators reached by telephone gave differing accounts of when the incident occurred last year, and whether the beard was knocked off by accident while the mask’s case was being cleaning, or was removed because it was loose. They agree however that orders came from above to fix it quickly and that an inappropriate adhesive was used. All spoke on condition of anonymity for fear of professional reprisals.
“The ‘American Sniper’s’ Preposterous post-Katrina New Orleans story”
- Jesse Ventura, the former military man, wrestler and governor of Minnesota, sued Kyle before he died, claiming that he defamed Ventura in his memoir, “American Sniper.”
- Because he’s a proved liar, we should be awfully skeptical about Kyle’s claim that the U.S. government sent him into New Orleans after Hurricane Katrina. They perched him atop the Superdome, he said, and it was from there that he picked off 30 looters in the city.
“The rise of the medical humanities”
- This explains why funeral services so often include poems, rather than extracts from novels.
“State of the Union 2015: Lethal, Predatory, Delusional”
- On closer examination, his grab bag of bills and requests for legislation contains even less than advertized — a vapor-thin rhetorical veneer for a center-right presidency whose real accomplishment has been to re-inflate the Wall Street casino, flush the last vestiges of secure employment out of the economy, and put the imperial war machine back on the offensive. Corporate pundits describe Obama’s antics as an appeal to this party’s “base.” In a world in which words actually mean something, a politician’s base would be composed of the people whose interests he actually serves, rather than those he victimizes.
“Hollywood shoots Arabs: The movie”
- Every single Iraqi in the film is presumed guilty. And thus, deserving. . . ..
“FRED Adds 3 Labor Market Conditions Indexes”
Click to zoom in
December 2014 U.S. unemployment rate, Bureau of Labor Statistics U-6: 11.2% (seasonally adjusted)
December 2014 U.S. unemployment rate, Shadow Government Statistics SGS: 23.0% (seasonally adjusted)
January 2015 average price of a U.S. Big Mac: $4.79 (seasonally . . . ?)
Whatever you think about Big Macs, just try to get this out of your head:
When I was in high school, most kids knew better than to eat the pickle on a fast-food burger.
What we didn’t know was that “peeing in the pickle bucket” would eventually explain so many things.
E-mail: DollarToTheGiant@Gmail.com for We Avoid Risk By Sacrificing Children Chronicles & Comments June 2008 [#1] to Date [#1278]