Interesting articles, videos and blogs from around the internet about politics, economy and stock market.

Tuesday, March 23, 2010

How to ruin a child

By George Will





Printer Friendly Version

Email this article

Share and bookmark this  article


http://www.JewishWorldReview.com | Memo to that Massachusetts school where children in physical education classes jump rope without using ropes: Get some ropes. And you — you are about 85 percent of all parents — who are constantly telling your children how intelligent they are: Do your children a favor and pipe down.

These are nuggets from "NurtureShock: New Thinking About Children" by Po Bronson and Ashley Merryman. It is another book to torment modern parents who are determined to bring to bear on their offspring the accumulated science of child-rearing. Modern parents want to nurture so skillfully that Mother Nature will gasp in admiration at the marvels their parenting produces from the soft clay of children.

Those Massachusetts children are jumping rope without ropes because of a self-esteem obsession. The assumption is that thinking highly of oneself is a prerequisite for high achievement. That is why some children's soccer teams stopped counting goals (think of the damaged psyches of children who rarely scored) and shower trophies on everyone. No child at that Massachusetts school suffers damaged self-esteem by tripping on the jump rope.

But the theory that praise, self-esteem and accomplishment increase in tandem is false. Children incessantly praised for their intelligence (often by parents who are really praising themselves) often underrate the importance of effort. Children who open their lunchboxes and find mothers' handwritten notes telling them how amazingly bright they are tend to falter when they encounter academic difficulties. Also, Bronson and Merryman say that overpraised children are prone to cheating because they have not developed strategies for coping with failure.

"We put our children in high-pressure environments," Bronson and Merryman write, "seeking out the best schools we can find, then we use the constant praise to soften the intensity of those environments." But children excessively praised for their intelligence become risk-adverse in order to preserve their reputations. Instead, Bronson and Merryman say, praise effort ("I like how you keep trying"): It is a variable children can control.

They often cannot control cars. In 1999, a Johns Hopkins University study found that some school districts that abolished driver's education courses experienced a 27 percent decrease in auto accidents among 16- and 17-year-olds. Odd.

Not really. Bronson and Merryman say driver's ed teaches the rules of the road and mechanics of driving, but teenagers are in fatal crashes at twice the rate of other drivers because of poor decisions, not poor skills. The wiring in the frontal lobe of the teenage brain is not fully formed. Driver's ed courses make getting a license easy, thereby increasing the supply of young drivers who actually have holes in their heads.

Their unfinished heads should spend more time on pillows. Only 5 percent of high school seniors get eight hours of sleep a night. Children get a hour less than they did 30 years ago, which subtracts IQ points and adds body weight.

Until age 21, the circuitry of a child's brain is being completed. Bronson and Merryman report research on grade schoolers showing that "the performance gap caused by an hour's difference in sleep was bigger than the gap between a normal fourth-grader and a normal sixth-grader." In high school, there is a steep decline in sleep hours, and a striking correlation of sleep and grades.

Tired children have trouble retaining learning "because neurons lose their plasticity, becoming incapable of forming the new synaptic connections necessary to encode a memory. . . . The more you learned during the day, the more you need to sleep that night."

The school day starts too early because that is convenient for parents and teachers. Awakened at dawn, teenage brains are still releasing melatonin, which makes them sleepy. This is one reason young adults are responsible for half of the 100,000 annual "fall asleep" automobile crashes. When Edina, Minn., changed its high school start from 7:25 a.m. to 8:30 a.m., math/verbal SAT scores rose substantially.

Furthermore, sleep loss increases the hormone that stimulates hunger and decreases the one that suppresses appetite. Hence the correlation between less sleep and more obesity.

Bronson and Merryman slay a slew of myths. But perhaps the soundest advice for parents is: Lighten up. People have been raising children for approximately as long as there have been people. Only recently — about five minutes ago, relative to the long-running human comedy — have parents been driving themselves to distraction by taking too seriously the idea that "as the twig is bent the tree's inclined." Twigs are not limitlessly bendable; trees will be what they will be.


Thursday, March 18, 2010

Walgreens: no new Medicaid patients as of April 16

Seattle Times staff reporter

Effective April 16, Walgreens drugstores across the state won't take any new Medicaid patients, saying that filling their prescriptions is a money-losing proposition — the latest development in an ongoing dispute over Medicaid reimbursement.

The company, which operates 121 stores in the state, will continue filling Medicaid prescriptions for current patients.

In a news release, Walgreens said its decision to not take new Medicaid patients stemmed from a "continued reduction in reimbursement" under the state's Medicaid program, which reimburses it at less than the break-even point for 95 percent of brand-name medications dispensed to Medicaid patents.

Walgreens follows Bartell Drugs, which stopped taking new Medicaid patients last month at all 57 of its stores in Washington, though it still fills Medicaid prescriptions for existing customers at all but 15 of those stores.

Doug Porter, the state's director of Medicaid, said Medicaid recipients should be able to readily find another pharmacy because "we have many more pharmacy providers in our network than we need" for the state's 1 million Medicaid clients.

He said those who can't can contact the state's Medical Assistance Customer Service Center at 1-800-562-3022 for help in locating one.

Along with Walgreens and Bartell, the Ritzville Drug Company in Adams County announced in November that it would stop participating in Medicaid.

Fred Meyer and Safeway said their pharmacies would continue to serve existing Medicaid patients and to take new ones, though both expressed concern that the reimbursement rate is too low for pharmacies to make a profit.

The amount private insurers and Medicaid pay pharmacies for prescriptions isn't the actual cost of those drugs but rather is based on what's called the drug's estimated average wholesale price. But that figure is more like the sticker price on a car than its actual wholesale cost.

Washington was reimbursing pharmacies 86 percent of a drug's average wholesale price until July, when it began paying them just 84 percent. While pharmacies weren't happy about the reimbursement reduction, the Department of Social and Health Services said that move was expected to save the state about $10 million.

Then in September came another blow. The average wholesale price is calculated by a private company, which was accused in a Massachusetts lawsuit of fraudulently inflating its figures. The company did not admit wrongdoing but agreed in a court settlement to ratchet its figures down by about 4 percent.

That agreement took effect in September — and prompted a lawsuit by a group of pharmacies and trade associations that said Washington state didn't follow federal law in setting its reimbursement rate, and that that rate is too low. The lawsuit is pending.

"Washington state Medicaid is now reimbursing pharmacies less than their cost of participation," said Jeff Rochon, CEO of the Washington State Pharmacy Association.

Pharmacies that continue to fill Medicaid prescriptions at the current state reimbursement rate are "at risk of putting themselves out of business altogether," he said.

Information from Seattle Times archives was used in this report.

Tuesday, March 16, 2010

Warren Buffett and Bill Gates: Keeping America Great




Q&A with Thomas Sowell

Thomas Sowell was interviewed at Stanford University about politics, his books and columns, and his views as a conservative African-American. He talked about the role of government and public institutions, the state of American intellectualism, and public discourse in the digital age. This interview was conducted in 2005.


Michael Lewis promotes his new book "The Big Short"




Michael Lewis
The Daily Show With Jon StewartMon - Thurs 11p / 10c
www.thedailyshow.com
Daily Show
Full Episodes
Political HumorHealth Care Reform

By the way, please compare this video of Michael Lewis talking about what happened with the stock market in 2007-2008 with the interview that Jim Cramer gave Stewart couple of months before here

CBS 60 Minutes Part I:




CBS 60 Minutes Part II: