Should the Pharmaceutical industry be for profit? The orthodoxy is profit motives new drug discoveries, research and without it most drugs would never be discovered. But is the dogma from the profit church true?
Despite prescription drugs having a market growth rate of ~4.5% per year and total US sales of $286 billion, global $745 Billion, in 2007, the press was all aghast at the market decline and blamed it all on the lack of new products.
I wonder if you look at medicine as a product? Well, in the current state of affairs life saving compounds are.
Good Morning! Rise and Shine! Get that Cup O' Joe...
break out the O.J....hang out with the pooch...time to check out the Funnies!
This weeks theme.....your house is worth gobs nothing and what does it matter because you can't make the payments anyway...otherwise known as....the Housing Bubble.
The recession is here (and has been since last December). It's going to hang around for a while longer at least. And layoffs and unemployment are almost certainly going to continue to increase right through election day, which is bad news for the people who will lose their jobs, but at least has the silver lining that it will increase the chances of Democrats doing very well indeed this November.
That being said, like seeing the green shoot of a crocus popping up above the ground at the end of January, I am seeing the first nascent signs that the economy may enter a period of respite by the end of this year, either growing very slowly or at least the pace of contraction slowing down to a crawl.
To most on this site, this isn't exactly news, as many have been claiming that the price of goods and such have been rising. But now the dead tree press is, in a sense, making it official.
US consumer prices rose by 0.8 per cent in July, twice as fast as expected, damping hopes that falling crude oil prices and the slowing consumer demand would rapidly ease inflationary pressures.
The surprise jump in the consumer price index on a monthly basis was accompanied by an annual increase of 5.6 per cent, which was more than forecast and the largest jump since 1991.
Meanwhile, core prices – excluding food and energy costs – rose by 0.3 per cent, which was also higher than expected, amid sharp increases in the prices of apparel, tobacco and public transportation.
Corporations. $2.5 trillion in sales. Tax liability, zero
brought to you by your tax code at work
Sounds like a slogan to do business in the US doesn't it? Yet assuredly that is not what is happening when corporations line up like the Oklahoma land rush to move to China and India.
Yet, maybe that multinational corporate land rush has something to do with these results?
The Government General Accountability Office just released a report on how many large corporations do not pay taxes yet have strong sales. AP sums it up:
"The rich rules over the poor, And the borrower becomes the lender's slave."
- Proverbs 22:7 New American Standard Bible
On the night of July 12, Fannie Mae Chief Executive Officer Daniel Mudd was having a quiet night with his wife and a glass of wine when his phone rang. The person calling was Treasury Secretary Henry Paulson and he was very worried.
Fannie Mae, the biggest mortgage finance company in the history of the world, was in trouble. It's stock prices had dropped 45% since the start of the year. It's borrowing costs were rising as creditors became worried about the chances of Fannie Mae defaulting on its debt. "We're trying to solve a crisis of confidence," Paulson told Mudd after he explained the taxpayer bailout designed by the Bush Administration. "Would this do it?"
(Please note, this blog has been updated due to a recent story in the Financial Times)
Greetings folks, welcome to another edition of Manufacturing Monday. Sorry about last week, it's normally my goal to have a new edition out on the first day of the week, but sometimes life can be unpredictable and throw you a curve ball. Well, several interesting things this week ranging from manufacturing activity to California looking to gain Tesla's plants.
This is a first review the Democratic Policy Platform Draft in terms of trade, economic and labor reforms, focus on US workers. I'll let you click on the original and decide for yourselves.
What I see is a lot of problem description and a whole lot of vague rhetoric that implies more of the same. We know more of the same is not dramatic policy change in favor of US national economic interests or US workers interests.
Parsing through the pages and pages of rhetoric which describe various problems, I managed to pull out a few hints of actual policy agenda and frankly it's not good.
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