With food safety bill, U.S. government will spend nearly $1 million per person to prevent food-borne illness deaths :: (NaturalNews) The recently-passed Food Safety Modernization Act, which was passed in order to prevent food-borne illness deaths in the USA, will cost $1.4 billion over the first five years. But nobody thinks about the economics of the issue. How many people are we going to save by spending this $1.4 billion, even assuming it works?To answer that question, let's look at the food illness fatality figures offered by the CDC:• Out of the 5,000 food-borne illness deaths each year in the United States, only 1,809 are "attributable to foodborne transmission" according to the CDC (http://www.cdc.gov/ncidod/EID/vol5no5/mead.htm#Table%203).• E.coli, which is often quoted in the big scare stories about food safety, only kills 78 people a year through food-borne transmission (52 plus 26, fro...
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How Much Inequality Is Needed to Support a Strong Economy? :: There's plenty of self-interest on display in the debate on inequality, but behavioral and experimental economic studies and other inquiries into the topic show that there's more to the issue than meets the eye.read more (Source: Psychology Today Work Center)
url: http://www.medworm.com/index.php?ridb03382&cid=ct_15_36_f&fid5661&url=http%3A%2F%2Fwww.psychologytoday.com%2Fblog%2Fthe-good-the-bad-the-economy%2F201207%2Fhow-much-inequality-is-needed-support-strong-economy
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