Contest: The Request Line Is Open
Now even better, the original song-a-day man, Jonathan Mann, has agreed to take a request: he’ll write a song about whatever you want. Leave your suggestions below. It doesn’t have to be about the recession — just make it clever, entertaining, wise, witty, etc. Jonathan (maybe with our input) will pick the best suggestion — and the winning suggester will get a piece of Freakonomics schwag. And, of course, a song. We will, of course, post the song here once it’s recorded.
Good luck. Read More »
Foreclose, Default, Repeat
Home prices continue to fall, dropping another 18.7 percent in March. The price plunge is being blamed in part on the glut of cheap, foreclosed homes on the market. How cheap are these homes? They’re selling for as much as 31 percent below market value. Of course, deteriorating home prices are a leading driver of mortgage defaults, so more foreclosed homes lead to lower home prices, which lead to more foreclosures. Read More »
The Most Expensive Health Care in the World
In an excellent article for The New Yorker, Atul Gawande investigates health care in McAllen, Texas, “one of the most expensive health care markets in the country.” Gawande traces the high costs to overutilization and a culture of entrepreneurship among McAllen’s doctors. Lester Dyke, a cardiac surgeon in McAllen, told Gawande, “We took a wrong turn when doctors stopped being doctors and became businessmen.” Gawande advocates collaborative, accountable-care organizations, like Minnesota’s Mayo Clinic, and concludes that unless American health care moves away from the McAllen model and toward the Mayo model, “McAllen won’t be an outlier. It will be our future.” Read More »
How Are Gliders Like Nuclear Deterrence?
In the years since the Cold War, the threat of imminent global thermonuclear war has receded in the popular imagination. Computer hackers are buying up abandoned missile silos. It’s been almost a decade since a major Hollywood film revolved around a U.S.-Russian nuclear exchange. But that doesn’t mean deterrence has succeeded in finally staving off nuclear war. Stanford University Professor Emeritus Martin Hellman, comparing his love of gliders with his interest in nuclear deterrence, wants to remind you that when a system is 99.9 percent safe but the remaining 0.1 percent contains an absolutely catastrophic outcome, it’s not a great system. Sound familiar? Read More »
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