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Obama Administration Boosts Price Tag on Human Life

How much is your life worth? The government has an answer -- actually, several answers -- for that. As The New York Times reports, federal agencies trying to remake the government's vast regulatory system are "grappling with a subject that is more the province of poets and philosophers than bureaucrats: What is the value...

Outraged Traveler Builds Calculator to Beat Airline Baggage Fees

(Dec. 5) -- If you're a budget-conscious traveler planning to fly home for the holidays, chances are you're dreading those pesky airline baggage fees. Luckily, one man has created a tool to beat the baggage blues, and with his help, a flight with fewer fees is practically in the bag. A little over a year ago, frequent...

Dementia's Costs Pegged at More Than $600 Billion

(Sept. 21) -- The cost of diagnosing dementia and caring for its sufferers will spike to $604 billion this year, according to new findings. That figure represents 1 percent of the world's gross domestic product. A report issued today by Alzheimer's Disease International, a consortium of 73 organizations worldwide, warns...

Opinion: Outraged by Cost of Chelsea's Wedding? Just Chill

(July 31) -- Breaking news! Rich, famous people with important VIP friends are hosting an expensive wedding! I've been a little amazed -- but not surprised -- at the raised eyebrows over the cost of Chelsea Clinton's wedding. The super-expensive gluten-free wedding cake! The glass-walled tent! The $200,000 for security...

Background on cost

In production, research, retail, and accounting, a cost is the value of money that has been used up to produce something, and hence is not available for use anymore.

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