Latest news with #tradeoffs
Bloomberg
9 hours ago
- Business
- Bloomberg
UK May Need a Crisis to Get Serious About Debt
Politicians won't focus on the tough trade-offs needed unless markets force the issue. By Save Welcome to the award-winning Money Distilled newsletter. I'm John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money. Let's take a step back from the hurly and the burly of politics for today. Noisy headlines can drag you down cul-de-sacs and have you scrutinising the tracks of a politician's tears for clues as to what might happen next.
Wall Street Journal
a day ago
- Health
- Wall Street Journal
Medical Risk-Aversion Can Kill, Too
Modern life is a series of trade-offs. We drive cars, fly in planes and use power tools, accepting that while these things carry risk, their benefits far outweigh their potential harm. Roughly 40,000 Americans die each year in motor vehicle accidents, yet no one seriously proposes banning cars. We regulate, we inform, and we improve, but we don't walk away from technologies that make life better. Yet in medicine, especially when it comes to pharmaceuticals and cutting-edge therapies, we seem to forget this logic.
