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Thursday, June 28, 2007Other Dates

The Supremes say price fixing is OK

The Supreme Court ruled today in a 5-4 decision that price fixing is OK. Retailers used to pay the price for items set by the manufacturers and then set their own price for consumers. Now manufacturers will be able to tell retailers how much they must sell their product for. The only way that this won't stick is if the U.S. Congress makes laws in regard to this. When the Supremes hand down a decision though, things don't change right away. Price fixing is never good, and lets hope that things change or else we as consumers will be feeling our wallets pinched.

Are you a millionaire?

What are the odds that you will become a millionaire? When you are counting up your assets to decide whether you are or not remember that it doesn’t include your house. It is based on “real” money and assets. The “World Wealth Report” reports that 1 in 100 Americans are true millionaires. America has 3 million of the world’s 6 million wealthy. What about you? It is possible for many of us to become wealthy even if we don’t make that much. Most wealthy people become wealthy not through making huge money but by doing the basics like not living flashy. Some people go to the extent of doing things like only spending 50% of what they make. There is a school of thought that you shouldn’t save money. Being economically wealthy empowers you. What you don’t spend makes the difference.

Medical care takes a good turn

Medical care is now taking a turn and becoming more market oriented. Some Pennsylvania hospitals are starting to guarantee surgeries in their hospitals. That means that the hospital pays for further problems after surgeries. Mystery shopping services are also springing up that rate the care received at hospitals. They are rated just like any other retail business. People under 30 overwhelmingly want monopoly government health care because of the hardships they have had to endure in the medical industry today. Clark thinks that this is hard to stomach though and that the private system works best. Frustration with medical care, especially with health insurance. The state of Massachusetts actually requires individuals to have health care. If you want a more dysfunctional system, let the government run it.
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