Oregon cuts off prescriptions to mentally ill in bid to save cash
In a state that says it is already so short of public money it does not have enough to keep all the schools open and prosecute many criminals, Oregon took a drastic step this week to cover budget shortfalls: It cut off medications to thousands of schizophrenics, manic-depressives, drug addicts and other mentally ill people.
Avoiding a 'Mega-Catastrophe'
Derivatives are financial weapons of mass destruction. The dangers are now latent--but they could be lethal.
Charlie [Munger, Buffett's partner in managing Berkshire Hathaway] and I are of one mind in how we feel about derivatives and the trading activities that go with them: We view them as time bombs, both for the parties that deal in them and the economic system.
thanks to Robot Wisdom