Another thread found in a Google search pointed me to a blog article saying that Cancer Treatment Centers of America founder Richard J. Stephenson is a member of the board of FreedomWorks, the conservative organization that helped propel the Tea Party, and that he is also the president of International Capital and Management, “an organization specializing in making hospitals more efficient and cost-effective.” A subhead in the same blog post says that in 1996 “CTCA Settled With FTC After Allegations Of Making ‘False and Unsubstantiated Claims’ About Treatments.” The blog’s link to an FTC press release appears to substantiate this account.
Again, if CTCA has truly cleaned up its act since then, that’s a story worth telling, especially given the prominence of its ad campaign. However, given the desperate mindset of people who are most likely to respond to those ads or other promotions, or come to this website, if some of its promises and success stories are not true, we need to know that, too. And either way, I’d love to know who the investors are behind this increasingly visible healthcare venture.
3. The European Union: What were they thinking?
Maybe it’s just me, but I remain confused about what political leaders and economic officials in Europe were thinking about their inconsistent economies and approaches to fiscal policy when they introduced the European Union’s common currency in 1999. How, if at all, did they address the possibility that some of the member countries would be so fiscally irresponsible (or economically challenged, depending on your view) that in a broad recession they could drag every other country down unless the strongest - in this case Germany - chipped in billions of its taxpayers’ money to rescue even the most recalcitrant of the weakest?
Can’t some smart newspaper or magazine (or maybe 60 Minutes or CNBC) go back to 1999 and tell us how these potential problems were discussed and who convinced everyone else not to worry.
With the euro crisis in mind and as an offshoot to the stories like this one over the weekend about banks holding “fire drills” to deal with the outcome of the Greek elections, I bet that last weekend there were also a half-dozen or so lawyers scattered at elite firms across the world whose arcane specialty is, or has become, currency provisions in loan documents and similar contracts. It would be fun to see a story of how they worked through the weekend huddling with hundreds of jittery clients, proving once again that even the worst events produce economic winners (usually the lawyers). Who are they? And who came up with the most creative potential solutions for clients worried about being stuck with drachmas?