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The links between Martin Luther King Jr. and Barack Obama are hard to miss. Obama's historic election as the first African American President of the United States seemed to echo the stirring words of King's 1963 speech at the Lincoln Memorial: I have a dream that one day this nation will rise up and live out the true meaning of its creed: "We hold these truths to be self-evident, that all men are created equal." Obama's inauguration took place on Tuesday, January 20th 2009, the day after Martin Luther King Jr. Day. This Monday—one year later—Martin Luther King Jr. Day will again be celebrated, and with the one-year mark of Obama's presidency imminent, connections between the two men will again be drawn—including the fact that both were awarded the Nobel Peace Prize. But an examination of Obama's December-10th acceptance speech suggests some striking differences. The Nobel committee's selection of Obama so early in his presidency was controversial. Fue...

U.S. health care spending per capita is the highest in the world. Yet, as The Economist notes , "America lags behind other wealthy countries in the overall performance of its medical system". It might seem ironic then, that the same magazine has stated that the U.S. "offers the best health care in the world." But keep reading: If you are lucky enough to have proper insurance and be admitted to the Mayo Clinic, the UCLA Medical Centre or Johns Hopkins, you will enjoy outstanding treatment. Unfortunately, as the tens of millions of uninsured and underinsured have discovered, America offers some of the most unreliable, costliest and least equitable health care in the world too. The U.S. spends around 17% of its GDP on health care. This compares to Canada where we have a publicly-funded system, and spend around 9% . Now there are lots of complexities here and I don't mean to oversimplify. The Canadian health care system is far from perfect, although I think most ...

As if the huge success of An Inconvenient Truth followed by winning the Nobel Peace Prize wasn't enough, now Al Gore is defying the laws of probability! At least in terms of probable outcomes of the U.S. Democratic nomination and the presidential election itself. Intrade , the leading commercial prediction market lets you bet on political outcomes. For example, "Barack Obama to win 2008 US Presidential Election" is currently trading at 47.5, meaning the market believes there's a 47.5% chance Obama will be the next president. What's the probability that Al Gore will win the Democratic nomination? As I write this, the market believes it's 1.7%. Seems fair enough ... ... until you look at the probability that Al Gore will be the next president. Curiously, the market believes that's 2.1%. How could that be? Don't you have to win the nomination before you have a chance of becoming the president? (My 13-year-old daughter points out that perhaps Gore coul...