It also often enough involves a penalty of death which is difficult to translate into monetary amounts.
Difficult maybe. But it is done youte often not only in economics: http://en.wikipedia.org/wiki/Value_of_life
Statistically and externally, sure. But will you find it easy to translate the value of your life into monetary amounts?
New Salt Compounds Challenge the Foundation of Chemistry
The title is overblown (it depends on what you think the foundation is), but get a load of this:
And here's the philosophical bit:
The obvious example of local truth is relativistic effects being pretty much invisible over the durations and distances that are normal for people, but there's also that the surface of the earth is near enough to flat for many human purposes.
Any suggestions for other truths which could turn out to be local?