Below are some notes on the February edition of the Financial Times.

IF YOU SAVE TOO MUCH, DOES IT HURT THE ECONOMY?

According to some prominent economic thinkers from the past century, individual saving can actually make bad national financial situations even worse! So right now, with the sub-prime mortgage crisis, high fuel prices and shaky stock markets, should you consider cutting back on your saving?

WHAT DO YOU DO WHEN YOU CAN’T PAY YOUR MORTGAGE, OR YOUR PROPERTY TAXES – OR THE NATIONAL DEBT?

A brief overview of “innovative” ways to solve desperate financial circumstances. But will they really work, or just delay inevitable financial pain?

LARRY KING’S LIFE INSURANCE PROBLEMS

Life settlements can be a legitimate way to immediately leverage the financial value of insurance on your life. But the strategy has consequences, as talk show host Larry King found out. A report on his legal proceedings gives some insight to the unique value of life insurance.

PREDICTING YOUR PERSONAL FINANCIAL FUTURE

Economic forecasters have all sorts of formulas and indicators to predict the future. Similarly, there’s a simple way to gauge your financial future. Read an excerpt from John McCormack, on how he can tell if someone is going be financially successful.

For the full article click here.

Here is another example of how something we thought we knew and were sure of really might not be the case.

What if bad fat isn’t so bad? No one’s ever proved that saturated fat clogs arteries, causes heart disease–By Nina Teicholz.

Mens Health–updated 12:54 p.m. ET, Thurs., Dec. 13, 2007–Suppose you were forced to live on a diet of red meat and whole milk. A diet that, all told, was at least 60 percent fat — about half of it saturated. If your first thoughts are of statins and stents, you may want to consider the curious case of the Masai, a nomadic tribe in Kenya and Tanzania.

In the 1960s, a Vanderbilt University scientist named George Mann, M.D., found that Masai men consumed this very diet (supplemented with blood from the cattle they herded). Yet these nomads, who were also very lean, had some of the lowest levels of cholesterol ever measured and were virtually free of heart disease. Scientists, confused by the finding, argued that the tribe must have certain genetic protections against developing high cholesterol. But when British researchers monitored a group of Masai men who moved to Nairobi and began consuming a more modern diet, they discovered that the men’s cholesterol subsequently skyrocketed. (more…)

Here’s To Your Health In The New Year.

This time of year brings the joy of holidays, family and lots of food. Unfortunately, all those wonderful holiday treats come at the expense of our health and waistlines. We all know that as our weight increases, so does our risk for chronic diseases like high blood pressure, diabetes, heart disease, arthritis and hormonal problems.

As the New Year approaches, let’s talk about what you can do to invest in your health and your future. To shed those unwanted pounds and improve your health you must make a conscious effort to burn off more calories than you take in. To get started, we suggest you keep a food diary for one week. Write down everything you eat without making changes to your normal routine and add up your calories for each day. Use food labels, information on recipes or websites for restaurants you visit to calculate the calories, and don’t forget to check the portion size.

To lose 1 pound per week you must cut 500 calories from your diet per day or burn 500 extra calories per day by exercising or some combination of the two. As always, before starting any diet or exercise program, consult your health care provider. Even little changes make a difference. Start now. This year give yourself the gift of health. This is the most important gift you can give to yourself and to the ones who love you.

This is an interesting site about Free-Market medicine.

I particularly like this article where David Gratzer (author of The Cure) explains what the real problem is, and why socialization is not the answer. It begs the question: if we ARE in a market-driven system, why is it that costs don’t go down like other high-tech fields? The answer is: we’re NOT in a market-driven system. And it’s tough to argue that a truly market-driven system definitely wouldn’t work. So shouldn’t we try it first?

A lot of the rest of the site has videos that dispel some myths about the current system…like the number of people that are uninsured by choice, and the extent of the safety net for those who don’t have a choice.

A sister site, On the Fence Films, has a video about a brain surgery patient from Ontario which illustrates the flaws in a single-payer system.  Many of the arguments for “rationed care” simply comes to this:  only poor people are important, and those with jobs and money should have to wait just like everyone else.  Tell that to this gentleman.  The dirty truth is…even a poor person in the U.S. with no “coverage” would have better “access” than this middle class family in Ontario.  And our private system would eat the bill.

In addition, missing from the conversation of Government Health Care is the fact that local governments and non-profits have been an effective solution so far for those without private coverage.  Like the Loudoun Free Clinic, where anyone in the county who makes less than 200% of poverty can get FREE health care.