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A paralegal, recently laid off, wanted to get back at the "establishment" that he felt was to blame for his lost job. So when he craved an expensive new tie, he went out and stole one.
The story, relayed last month by psychiatrist Timothy Fong at the UCLA Neuropsychiatric Institute and Hospital, is an example of the rash behaviors exhibited by more Americans as a recession undermines a lifestyle built on spending.
In the coming months, mental health experts expect a rise in theft, depression, drug use, anxiety and even violence as consumers confront a harsh new reality and must live within diminished means.
"People start seeing their economic situation change, and it stimulates a sort of survival panic," said Gaetano Vaccaro, deputy clinical director of Moonview Sanctuary, which treats patients for emotional and behavioral disorders.
"When we are in a survival panic, we are prone to really extreme behaviors." |
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For those who need to abruptly curtail spending, that leaves a major void, said James Gottfurcht, clinical psychologist and president of "Psychology of Money Consultants," which coaches clients on money issues.
Gottfurcht said he encourages clients to take a walk or do some deep breathing before making a purchase to avoid an impulsive buy.
The greater opportunity of the downturn, Vaccaro said, is that it represents a chance to move away from "irrational" and "careless" consumerism toward "a more discerning consumer."
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MEDICARE TO PAY DOCTORS TO E-PRESCRIBE
The future has arrived for doctors when it comes to prescribing medications. Starting this month, Medicare, the federal health insurance program for the elderly and disabled, will offer financial bonuses to doctors who prescribe drugs electronically rather than on paper. Doctors who do not will face penalties from Medicare starting in 2012. This is intended to help persuade doctors who do not "e-prescribe" to start, both to improve efficiency and curb medical errors.
OBAMA LAYING GROUNDWORK FOR HEALTH REFORM
President-elect Barack Obama has begun laying the groundwork for overhauling the troubled healthcare system. Obama's Internet site www.change.gov asks people to submit ideas for changing the costly and inefficient system that leaves tens of millions uninsured. "Every American is feeling the pressure of high health costs and lack of quality care, and we feel it's important to engage them in the process of reform," said Obama transition team spokeswoman Stephanie Cutter.
STATES SETTLE WITH MATTEL ON LEAD TOYS
Mattel Inc, the world's largest toymaker, reached a $12 million settlement with 39 states over lead-tainted toys that prompted a health scare in 2007, the Massachusetts attorney general said last month. Last year, Mattel recalled more than 18 million toys made in China because of hazards related to magnets and lead paint. The states will use the money to educate consumers on the dangers of lead paint and to test children for lead exposure.
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