Investor’s Business Daily corrected an embarrassing boo-boo in an editorial and in the process made another huge error.
In an editorial ginning up fear over Obama’s health-care plan and comparing it to the dread National Health Service in the UK, IBD wrote that the famed physicist Stephen Hawking would have been toast had he lived in the UK because, IBD said, ridiculously, the country’s eugenics-like health policies deem handicapped people worthless.
Of course, Hawking is British and has lived there his whole life. He’s a professor at Cambridge for crying out loud.
Jay Bookman of the Atlanta Journal-Constitution caught the whopper and it was picked up by other outlets, including Talking Points Memo.
Here’s the original line, which is now stricken from the editorial:
People such as scientist Stephen Hawking wouldn’t have a chance in the U.K., where the National Health Service would say the life of this brilliant man, because of his physical handicaps, is essentially worthless.
This is sick, dishonest stuff, so it’s sweet that Hawking himself calls it out, telling a TPM blogger “I wouldn’t be alive today if it weren’t for the NHS. I have received a large amount of high quality treatment without which I would not have survived.”
But IBD’s correction creates another problem. Here is its entire text:
Editor’s Note: This version corrects the original editorial which implied that physicist Stephen Hawking, a professor at the University of Cambridge, did not live in the UK.
It has removed the Hawking reference from the story (even, apparently, in Factiva, which doesn’t have it either), but short-arms the correction, which should have read something like: “This version corrects the original editorial which falsely implied that physicist Stephen Hawking would be dead as a doornail if he lived in the UK and had to use the National Health. Hawking has lived in the UK his entire life, and as of press time, is still alive.
In my dream world they’d also tack on an “Also, this basically kills the premise of our entire editorial, which never should have been written. We resign in disgrace.”
Alas, that’s not going to happen. But IBD ought to go ahead and correct the false information contained in its quote of the notorious Betsy McCaughey, who says the House’s bill “compels seniors to submit to a counseling session every five years,” which is an easy-to-figure-out fact error, as The Atlantic’s Conor Clarke makes plain. I’m sure there are a few other fact errors in there. Send me an email or post a comment if you see one.
I don’t have much of an opinion on Obama’s health-care plan. I do think we ought to have the debate on the facts and not on fallacious and dangerous talking points about “death panels” and the like.
And if you correct a serious mistake, you have to be clear about what you’re really correcting, no matter how embarrassing or how much it kills your argument.

Here is the IBD response:
http://www.investors.com/NewsAndAnalysis/Article.aspx?id=503233
#1 Posted by IBD Editorials, CJR on Wed 12 Aug 2009 at 08:56 PM
IBD would have been better served to have made the points in the linked article above instead of damaging its credibility irreparably with the Hawkings lie and subsequent non-correction. That's what makes this risible:
"We suspect the concern in the U.K. (and the U.S.) over our editorial is similar to a diversionary tactic used here in the Colonies. When you don't want to talk about some of the realities of government-run medical care, you change the subject."
Who was using "diversionary" tactics again? The lie about the NHS leaving Hawkings to die was a despicable diversionary tactic. Attacking the people who pointed out the lie just compounds the error.
All of that said, the article attempts to make some pretty good points about the NHS, about which I know nothing, but hurts its credibility by quoting the discredited McCaughey.
But in three pages of horrifying statistics about how poorly his medical system performs, the author does not mention or talk about the more than 45 million UNinsured and UNDERinsured Americans who get NO care. Thus he unfairly compares a system where everyone gets care to only the people in America who are insured. That's a bad argument, again doing nothing for his credibility.
#2 Posted by Tom, CJR on Wed 12 Aug 2009 at 09:20 PM
It's an honest mistake--where's the British accent in Hawking's computer generated voice? I think this is really all his fault for not using the "Rex Harrison" settng...
#3 Posted by Torridjoe, CJR on Thu 13 Aug 2009 at 02:53 PM
Investor's Business Daily. No concern about making sure that what they print is factual, and when it's pointed out that they've made an error that refutes their conclusions, they barely admit the error and don't say a thing about their original conclusions.
So....just why should I listen to people with such sloppy and irresponsible habits when it comes time for me to make investment decisions?
#4 Posted by Cathryn Sykes, CJR on Thu 13 Aug 2009 at 04:51 PM
It's a shame the screamers at town halls don't bother to read these kinds of things. But their purpose, knowingly or not, is clear; to emotionalize the issue and muddy the water so that everything about health care reform has a negative connotation.
#5 Posted by Spaghetti, CJR on Thu 13 Aug 2009 at 05:53 PM
The IBD response as posted by IBD Editorials (above) is as untrustworthy and riddled with easy-to-check error as the original editorial was bathed in ignorance. Here's one example.
Place these words in Google: breast cancer mortality rate united states britain
and this turns up:
"Specialists, however, warn that there are differences in the way statistics are gathered, which may at least partly explain why Britons appear to be at greater risk of dying from cancer. ... Another difference that can skew the statistics is that in Britain there is a national cancer registry which means that the figures are truly representative of the whole population. In the US, however, the cancer statistics are collected by a few regional centres which means there is a greater chance of unrepresentative figures."
Source: http://www.independent.co.uk/news/cancer-survival-rates-in-britain-lag-behind-1165922.html
With any degree of rigor in getting to the truth, using facts to support its opinion, Investors Daily ought to be able to state how many among the 40+ million Americans without health insurance "have been denied care in relative obscurity" and, of that number, how many have died of breast (or any other) cancer without having received any treatment at all. Absent any attempt to find these numbers, Investors Daily's opinions are sloppy and as valuable as that of three bears in the photo captioned "It's my opinion and it's very true."
#6 Posted by Bonnie Britt, CJR on Thu 13 Aug 2009 at 05:53 PM
Bonnie Britt wrote, Specialists, however, warn that there are differences in the way statistics are gathered...
It's actually much worse than that.
Unless they're referring to a study with a control group, "survival rates" for cancer are pretty meaningless.
Why? Because they measure the length of time from when the cancer was detected.
If an American and a Brit develop some form of cancer at exactly the same time, and it grows in exactly the same manner, and they die on exactly the same day, but the American's cancer was detected earlier, then the American has survived longer.
This is a well-known problem in using survival rates.
#7 Posted by liberal, CJR on Thu 13 Aug 2009 at 06:15 PM
The suggested alternative correction is inaccurate as well --the new version did not "correct" the original one. A more accurate correction would have been something like, "This version edits out the part of the original editorial that contradicted its entire premise."
#8 Posted by kensol, CJR on Thu 13 Aug 2009 at 06:16 PM
I, too, don't have much of an opinion on Obama's health-care plan because there is no such plan.
I do, however, resent being told by the White House, other Democratic politicians, and many in the news media that if my health-care reform preferences are different from theirs I'm either a raving neanderthal or a gullible dupe of the Republicans.
Obama is running around the country selling a pig in a poke, and even he doesn't know what the pig looks like.
Washington DC
#9 Posted by Ian Gilbert, CJR on Thu 13 Aug 2009 at 06:19 PM
I stopped reading the IBD years ago when I realized it was full of nonsense and pretty worthless, IMO, to any investor. I am not surprised it is ignorant in general about the world. It probably thinks Putin is Chinese, or perhaps a Swede.
#10 Posted by Hal, CJR on Thu 13 Aug 2009 at 06:36 PM
Let's see, Ian Gilbert. There's this thing called the Internet where you can read H.R. 3200 (http://www.opencongress.org/bill/111-h3200/text) and see exactly what the current version of a health reform plan looks like down to the jot and tittle. If it's a pig in a poke you can scan and diagnose the pig to your heart's content. True, however, it is not precisely Obama's health care plan, it's the synthesis of a lot of work by Congressional committees.
#11 Posted by DOW, CJR on Thu 13 Aug 2009 at 07:00 PM
Not surprisingly, the IBD editorial's information on the British healthcare system was also entirely inaccurate. They do not "ration" care on a patient by patient basis. They evaluate individual treatments for effectiveness vs. cost. Look Here for an explanation.
#12 Posted by Pete, CJR on Thu 13 Aug 2009 at 07:06 PM
Dow, thanks.
I read HR 3200 several days ago. I haven't read the Senate version, nor have I read the legislation that the House will eventually pass. I am not aware of any definitive information on how much "the plan" will cost, or how it will be paid for.
If history is any guide, HR 3200 will be very different when it comes to a vote of the full House.
Washington DC
#13 Posted by Ian Gilbert, CJR on Thu 13 Aug 2009 at 07:11 PM
Just do what the Canadians, British, French, Germans, Dutch or Belgians do. At least copy the second class systems of the Spanish, the Italians or the Greeks, even those are way better. It's as simple as that. I wouldn't propose what the Swedish or Danish or Finnish do with their health systems and generally their welfare state because that's really top-class and out of reach.
#14 Posted by Christos, CJR on Thu 13 Aug 2009 at 07:22 PM
@ Christos "I wouldn't propose what the Swedish or Danish or Finnish do with their health systems and generally their welfare state because that's really top-class and out of reach.'
I think increasingly there is very little the US wants to do that is top-class.
#15 Posted by WDF, CJR on Thu 13 Aug 2009 at 07:39 PM
"I do, however, resent being told by the White House, other Democratic politicians, and many in the news media that if my health-care reform preferences are different from theirs I'm either a raving neanderthal or a gullible dupe of the Republicans."
Another easily-refuted lie. No one called people with different premises neanderthals or dupes. We only called people who are neanderthals and dupes, neanderthals and dupes.
Screaming at town halls, inviting people to bring guns, play-acting at lynching Congressmen, which are not isolated incidents but standard antics, makes people neanderthals. Screaming to keep government out of Medicare or yelling that the government is trying to kill you makes people dupes.
Once again, people may be called neanderthals and dupes when they actually are neanderthals and dupes.
#16 Posted by Markel, CJR on Thu 13 Aug 2009 at 07:59 PM
Neanderthals were smarter than that.
Don't insult them.
#17 Posted by Paul Brandon, CJR on Thu 13 Aug 2009 at 08:27 PM
Actually, most of the statistics in the new 'corrected' article are about the same as the usual 'statistics' quoted in this debate - they are more along the 'lies, damn lies and...' side of the statistics line.
For example, the colorectal cancer data quoted is more like the other way round - if you are comparing apples to apples. For example, the rate of mortality from colorectal cancer in the US is more than twice that in the rest of the world. That is an apples to apples comparison (but sadly didn't break the UK out separately from the rest of the world - either way the vastly superior US system clearly ain't doing so well at everything even by the measures these guys would like to pick).
#18 Posted by Owen, CJR on Thu 13 Aug 2009 at 08:39 PM
I screencapped it, expecting they'd Minitrue it as soon as they realized that they'd been called on it.
Screencap hosted on my site
#19 Posted by bellatrys, CJR on Thu 13 Aug 2009 at 08:46 PM
Also this "NICE" disinformation is showing up in local free papers targeting senior citizens - I picked up a copy of the Senior Beacon at the bank the other day and a headline about how "NICE" was gonna get the elderly was front and center on it.
#20 Posted by bellatrys, CJR on Thu 13 Aug 2009 at 08:54 PM
@Markel:
Thanks for your 7:59 pm post.
Howard Kurtz has noted that the news media are focusing on the town-hall dramas; millions of people who aren't journalists -- the great unwashed, if you will -- have noticed the same thing.
According to those same news media, Obama is concentrating on rebutting "misrepresentations" rather than describing what "his" plan will and will not include (Nancy Pelosi hasn't told him).
The White House and the Congressional Democratic leadership, along with their claque, are concentrating on "Republican misrepresentations," as though there were no other issues of consequence in the minds of we great unwashed citizens and residents.
Some pundits are punditing that the town-hall furies, whether sincere or stage-managed, will backfire; the pundits may well be right. But the media's obsession with these teapot tempests are serving to publicize truthful and untruthful claims about health-care reform, perhaps bringing those issues to the attention of millions of couch potatoes who weren't clued in.
The news media and pundits do in fact present more-or-less straightforward summaries of what is and what isn't in the various proposals for reform, but in raw column inches and minutes of airtime that sort of "informed citizenry" stuff gets less space and time than the local NFL team's latest practice session, never mind headline-size and page placement.
The town-hall clowns include a lot of neanderthals and dupes. There are tens of millions of us who don't do town halls and don't scream and shout, but who have legitimate questions about health-care reform proposals. We're the kind of people who would rather discuss facts than call people names.
Washington DC
#21 Posted by Ian Gilbert, CJR on Thu 13 Aug 2009 at 09:12 PM
Christos wins the thread.
Why does no one call conservatives on the basic framing of the argument? Don't quibble so much about Hawking - to do so means you accept their framing that health care reform should be compared to the British or Canadian models.
But those are probably the 2 worst national health care systems in the industrialized world! Once you give them that basis, they will knock you out of the park.
Why not demand they compare our system to the better national health systems, like those in France or Scandinavia? Unless Obama makes that point and changes the frame, the conservatives will easily defeat any reform.
#22 Posted by f e, CJR on Thu 13 Aug 2009 at 10:27 PM
And to show just how afraid it is of the hysteria that unprincipled Republican opposition to health insurance reform has incited, the provision discussed in the article has been stripped out of the bill for fear that depraved "death panel" rhetoric might actually prove effective.
By its rhetoric and by is actions today's GOP has transformed itself into the most vile major political party in the history of America.
#23 Posted by No Bullroar, CJR on Thu 13 Aug 2009 at 10:59 PM
This is certainly misleading at best:
A front webpage August 11th New York Times article at:
http://www.nytimes.com/2009/08/11/health/policy/11health.html?hp
begins, "The White House on Monday started a new Web site to fight questionable but potentially damaging charges that President Obama’s proposed overhaul of the nation’s health care system would inevitably lead to “socialized medicine,” “rationed care” and even forced euthanasia for the elderly."
How is, "forced euthanasia for the elderly" a questionable charge, and not a flat-out outrageous lie?
For more on this, please see:
http://richardhserlin.blogspot.com/2009/08/new-york-times-forced-euthanasia-not.html
#24 Posted by Richard H. Serlin, CJR on Thu 13 Aug 2009 at 11:23 PM
Good post, but sadly it contains an error as well:
"This is sick, dishonest stuff, so it’s sweet that Hawking himself calls it out, telling a TPM blogger “I wouldn’t be alive today if it weren’t for the NHS. I have received a large amount of high quality treatment without which I would not have survived.”"
Professor Hawking wrote this indeed, but to an English journalist, not a "TPM blogger" (actually just a blogger using TPMCafe).
http://www.guardian.co.uk/politics/2009/aug/12/birthers-stephen-hawking-paul-rowen
#25 Posted by Why oh why, CJR on Fri 14 Aug 2009 at 05:27 AM
If they manage to miss the facts on something that easy and well known ..... how can they be trusted in the complicated, nusanced and detailed world of Investing, which is their 'Daily news"?
#26 Posted by croghan27, CJR on Fri 14 Aug 2009 at 05:28 AM
I'm not sure why we're talking about the British system of healthcare anyway. Hasn't Obama backed off even going for a single payer system? If he can't push a single payer system through, what chance does he have for government run healthcare? My point is that since we are looking at options that are VERY different from the British system it probably doesn't matter if that system is great or it sucks, it's irrelevant.
Also, Nate Silver has a very funny post explaining the difference between single payer and socialized healthcare here: http://www.fivethirtyeight.com/2009/08/not-all-socialist-countries-are-alike.html
#27 Posted by Paul D, CJR on Fri 14 Aug 2009 at 08:48 AM
I'd like to quietly point out that in the WHO ranking of healthcare systems of diffent countries the US came 37th and the UK came 18th, and that many of us Brits are very proud of our healthcare system although admit that it isn't perfect.
Here is the official webpage: http://www.who.int/whr/2000/media_centre/press_release/en/index.html
#28 Posted by Theresa, CJR on Fri 14 Aug 2009 at 09:46 AM
The age adjusted mortality rate for breast cancer in woman in the UK (2007) is 26.7 per 100,000. In the US the age adjusted rate is 24.5 per 100,000. By what stretch of the imagination is this almost twice the US rate is beyond me. The rate for African American women is 33 per 100,000. I wonder what the rate is for women without insurance?
#29 Posted by Michelle, CJR on Fri 14 Aug 2009 at 10:53 AM
Look, these lies and the smear capmaign against health reform is not about honesty or getting out the truth. It is about discrediting and de-legitimizing President Obama and doing as much harm to him as they can. For example, the so-called "birthers" aren't interested in seeing Obama's birth certificate - they are interested in seeing his death certificate!
#30 Posted by Stephen Kriz, CJR on Fri 14 Aug 2009 at 01:26 PM
f e wrote:
"Don't quibble so much about Hawking - to do so means you accept their framing that health care reform should be compared to the British or Canadian models.
But those are probably the 2 worst national health care systems in the industrialized world!
I have a lot of elderly Brit and Canadian friends who love their health care systems. Elderly people -- folks who need a lot of health care. They've told our internet group about the wonderful, timely, effective care they've received for many different ailments, many times over the years. Sure sound like good systems to me!
#31 Posted by Carol in Colorado, CJR on Sat 15 Aug 2009 at 03:04 AM
I cannot work out why the US public are up in arms about the healthcare proposals. The NHS in the UK is run fairly well. There are no death panels. The NICE organisation looks at the cost effectiveness of competing drugs. If one is better than another, then the less good one is not used. How simple is that?
Of course we don't have a trillion dollar healthcare industry and opposition senators stirring up the populace for their own gains...and we do have healthcare that covers the entire population
#32 Posted by Dave Kidd, CJR on Sat 15 Aug 2009 at 04:17 AM
I am pretty sure these 'errors' are intentional. I have a feeling the person writing the piece and the editor was fully aware that Hawking lived in the UK and just assumed they would have to issue a correction... the key is that in the time period between publication and the correction, a certain (probably significant) number of people will be exposed to the falsehood but not see or believe the correction. The piece can then be used as a sound bomb in the echo chamber and referenced by Glen Beck, etc. It's like how whenever Fox News shows video of a Republican caught doing something illegal the 'accidentally' put a "(D)" for Democrat beside their name. This has happened many times and is a morally repugnant effort to outright mislead. I find it completely heartbreaking that these tactics have been working so well without any real opposition. a bit unrelated ... but it's also like saying that Bush and Cheney screwed up the war in Iraq... that really depends on your view of what the real objectives were. Did their friends and associates get incredibly rich? Yes. Will a part of that money/favors flow back to them? Yes. Did they get arrested for violating numerous laws? No. Mission Accomplished.
#33 Posted by hugo, CJR on Sun 16 Aug 2009 at 01:03 PM
In addition to the editors of IBD being half-witted and ill-informed, there is absolutley nothing which will alter the closed minds of the ignorant loudmouths at the town hall meetings whose concept of democracy is to scream at your congressional representative and/or senator and intimidate everyone by strapping a loaded pistol to your leg while refusing to offer any viable solutions. The media loves this sort of lowbrow drama because for the most part many of them are far too lazy to discuss the issues in depth, nor do they give a hoot about the old fashioned notion of the common good. While millions of Americans are unable to pay their medical expenses and millions more are not insured, the town hall morons would rather rant on about how their country will be another Russia and other inane comments, than have an informed debate about one of the most vital issues facing us today. Shame on them all, these, for the most part, white Obama hating fools who are probably collecting Social Security, Medicare or VA benefits.
#34 Posted by Joan, CJR on Mon 17 Aug 2009 at 02:48 PM
I will recommend not to hold off until you get enough money to buy goods! You should get the loans or just consolidation loans and feel yourself fine
#35 Posted by Saunders35Ruth, CJR on Thu 22 Dec 2011 at 06:46 PM