
Alien-pricing for this mobile phone?
Singaporean companies are getting more creative at promoting their products and name.
The group even stopped of its own accord to let me grab a good pic.
- Posted using BlogPress from my iPhone
By Richard Cohen
Tuesday, April 7, 2009; A23
The recent headlines about Lawrence Summers had it all wrong. They announced with an implied breathlessness that he earned around $8 million last year -- much of it from the hedge fund D.E. Shaw. Here's what I would have written: "Man Takes More Than $7.9 Million Cut in Pay." Somewhere in the Diagnostic and Statistical Manual of Mental Disorders, the bible of shrinks, there should be an entry for "public servant." They are all, bless their hearts, a little nuts.
Mine, of course, is not an approach that Screaming Cable TV takes to such people. They are all crooks, up to here -- wherever "here" may be -- in conflicts of interest and perks, and too dim to succeed in the vaunted private sector. But the truth is otherwise. There are, it turns out, successful people who would give up big bucks and much of their privacy to work for you and me. It's virtually un-American.
Summers is clearly one of these people. D.E. Shaw paid him $5.2 million last year to meet with important clients. In addition, he lent the firm his expertise as a crack economist, and it, in turn, provided him with an idea of how a wildly successful hedge fund works. At the same time, Summers made around $2.7 million in speaking fees from other organizations and companies. He was, to use a technical (micro) economic term, on easy street.
Yet he chucked it all for an office on the street of broken dreams, Pennsylvania Avenue. So did national security adviser James L. Jones, who was earning about $2 million a year. David Axelrod, who had been running public affairs firms before going into the White House, kissed away at least the $1.5 million he earned last year and sold his stake in his companies. Other members of the Obama team similarly unburdened themselves of excess wealth, spare time and privacy, proving that money is not everything.
This is the dirty little secret of Washington. I don't mean to characterize these or other administration aides as the functional equivalent of Trappist monks, since they enjoy the attention, the power and -- above all -- the action. They are doing something substantive, important -- sometimes making life-or-death decisions and gaining, if they are lucky, a mention in a history book. It is not a life without any compensation.
There are few among us who would take a multimillion-dollar pay cut. Yes, you could say, someone like Summers could make it back, but that's not really -- or always -- the case. Take Tom Daschle. Here was a man who was not trying to build a career. He is 61, and his career is largely behind him. Yet he was willing to give up a lucrative lobbying practice to go back into government as secretary of health and human services. It turns out he cared more about reforming health care than he did about building a fortune. He didn't make it into the Cabinet, foiled by a humiliating spot of trouble about taxes that he could have avoided just by staying where he was and raking in the money.
In Ronald Reagan's famous formulation, "government is not the solution to our problems; government is the problem." This statement, at the very heart of the so-called Reagan Revolution, denigrated government and the people in it. Reagan's statement withdrew John F. Kennedy's invitation to the intellectually gifted to come to Washington and see what they could do for their country. Reagan sent a different message. Government service is for the lame, the cautious. If you really want to do something for your country, shun Washington and make money. It was morning again in America -- whatever that meant.
It is to Barack Obama's immense credit that he has reversed Reagan's reversal. Washington crackles with people on a mission. Brains are once again in vogue, if only because Obama has them in abundance. Not for him the aw-shucks affectation of the previous eight years, when instinct was extolled and ideology trumped analysis. We are in a mess, and one of the reasons is that people who might have noticed or done something about it had been told to stay out of government.
In our scandal-soaked culture, it is de rigueur to denigrate public officials and to search for the inevitable conflict of interest. But here are people, such as Summers, who have put aside wealth and lavish perks for government service. They have their reasons, sure, but whatever they are, we -- not they -- are the richer for it.
How Government helps Singaporeans to cope*
Support schemes | Amount |
Growth Dividends given to all Singaporeans following the | $865 million |
GST Credits given as cash to | $560 million |
Post-Secondary Education | $500 million |
Medisave top-ups to help older Singaporeans with medical bills | $226 million |
Workfare Income Supplement | $300 million |
Rebates on rent plus utilities, service and conservancy charges given to HDB homes | $200 million |
Personal Income Tax rebates | $380 million |
Property Tax rebates | $100 million |
Money given to grassroots and self-help groups, and voluntary welfare organisations to help needy Singaporeans over four years | $20 million |
Total cost to Government | $3.15 billion |
Suitability to Donate
Each potential living donor is evaluated to determine his or her suitability to donate. The evaluation includes both the possible psychological response and physical response to the donation process. This is done to ensure that no adverse outcome, either physically, psychologically, or emotionally, will occur before, during, or following the donation. Generally, living donors should be physically fit, in good health, between the ages of 18 and 60, and not currently have or have had diabetes, cancer, high blood pressure, kidney disease, or heart disease.
The decision to be a living donor must be weighed carefully as to the benefits versus the risks for both the donor and the recipient. Often, the recipient has very little risk because the transplant will be life saving. However, the healthy donor, does face the risk of an unnecessary major surgical procedure and recovery. Living donors may also face other risks. For example, a small percentage of patients have had problems with maintaining life, disability, or medical insurance coverage at the same level and rate. And, there can be financial concerns due to possible delays in returning to work because of unforeseen medical problems.
Follow-up for Living Donors
The National Institutes of Health is in the process of conducting a study to collect information on the outcomes of living donors over time. At present, follow-up reviews of living donors by some transplant centers show that living donors, on average, have done very well over the long term. However, there are some scientific questions regarding the effects of stress on the remaining organ. There could be subtle medical problems that do not develop until decades after the living donation that are not known at this time because living donation is a relatively new medical procedure. To ensure the safety of all living donors, it is critical that the long term results of the effects of living donation are studied further.
The Decision to Donate
The decision to be a living donor is a very personal one and the potential donor must consider the possibility of health effects that could continue following donation. In most cases, that decision must also take into consideration the life-saving potential for a loved one—the transplant recipient.
Because all of the effects, especially the long term effects, to the donor are not known at this time, the Federal government does not actively encourage anyone to be a living donor. The Federal government does recognize the wonderful benefit that this gift of life provides to the patient awaiting a transplant and has several ongoing programs to study, support, and protect the living donors who do choose to provide this gift.
The decision to say yes to both organ donation after death and/or as a living donor is the focus of many very active and successful research projects that are being conducted across the nation, and these efforts are supported by the Division of Transplantation, Health Resources Services Administration, U.S. Department of Health and Human Services.
Federal Assistance for Living Organ Donors
In September 2006, HRSA awarded a cooperative agreement to the University of Michigan to establish a national program to provide reimbursement of travel and subsistence expenses to living organ donors who cannot afford these expenses. In October 2007, the University of Michigan in partnership with the American Society of Transplant Surgeons launched the National Living Donor Assistance Center to help donors with travel, lodging, and meal expenses associated with the organ donation process.