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02.22 Report: Climate Denier to Lead White House Climate Panel [“Stupid is as stupid does.” –Forrest Gump]
02.22 The Uninhabitable Earth [Lots more important than all other problems put together]
02.16 Toxic black snow covers Siberian coalmining region [0:49 video; If its killing us, stop doing it]
02.16 Renewable energy will be world's main power source by 2040, says BP [But in America's capitalistic bubble, bribed-to-be-biased media and government defy reality]
02.16 What the pesticides in our urine tell us about organic food [What does inaction tell us about capitalism and our government?]
02.14 Exposure to Glyphosate-Based Herbicides and Risk for Non-Hodgkin Lymphoma: A Meta-Analysis and Supporting Evidence [If its killing us, make it illegal]
02.14 To avoid environmental catastrophe, everything must change [Consider why this headline is laughable or confusing to many, if not most, Americans...]02.13 Study Shows Toxic Pesticide Levels in Families Dropped by 60% After One-Week Organic Diet [2:10 video; Produce and canned vegetables laced with toxic chemicals—from fertilizers and herbicides, too—must be quickly phased out to use safe organic alternatives]
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US Politics, Policy & 'Culture'
02.20 ‘Sustained and ongoing’ disinformation assault targets Dem presidential candidates [If you can sense them, block them!]
02.20 Despite the slaughter in Yemen, Britain is still chasing arms sales [and the Great-Again-America is too...Capitalism without morality is horrible]
Economics & Corrupting-Capitalism
International & FuturismSanders Has an Advantage, and It’s Not [Just] About Economics
02.22 When multilateralism crumbles, so does our rules-based order [this enables easier corruption by banks and oligarchs and may result in complete societal breakdown, chaos and war]
02.22 Trump has turned foreign aid into shabby political theatre [Psychopaths are a sub-human species without empathy or morals.]
02.21 John Oliver Compares Brexit ‘Disaster’ to Will Smith’s Genie in Live-Action ‘Aladdin’ (Video) [21:26 video; we’re approaching an Idiocracy-type of society, where stupidity is “normal”]
02.20 House report lays bare White House feud over Saudi nuclear push [Its hard to keep up with all the criminal crap going on...]
How We Pay for Pharma’s Crooked Dealings
First published in his blog Unsilent Generation yesterday, 19 November 2009
We pay for drug company malfeasance in the form of higher prices. And when it comes to health care reform, we pay for their creeped out dealings in the form of reduced medical care – especially Medicare – negotiated by our representatives in the interests of fiscal restraint.
As everyone knows by now, the main reason we can’t get a health reform bill enacted is because the phamaceutical and insurance industries aren’t happy with their piece of the action. This despite the fact that when politicians talk about cutting costs, what they really have in mind is cutting services to us so these two big industries can enhance their profitability.
One of the reasons the drug makers need additional revenue is because their employee whistleblowers have screwed up the nerve to report the crooked deals they witness happening every day. “I was trained to do things and did things that were blatantly illegal,” David Franklin, a Parke-Davis whistle-blower, told the Boston Globe in 2003. “I knew my job was to falsely gain physicians’ trust and trade on my graduate degree. If he was a cardiologist, I was an expert in cardiology. If he was a neurologist, I was an expert in neurology.”
That whistleblower exposure can lead to multi million payouts in damages to injured patients as well as for fines due to legal violations. And under the False Claims Act, whistleblowers themselves stand to make millions of dollars for turning in the crooks.
Of course, in the end run, we will be paying for drug company malfeasance in the form of higher prices. And when it comes to health care reform, we will be paying for their creeped out dealings in the form of reduced medical care – especially Medicare – negotiated by our representatives in the interests of fiscal restraint.
None of this would be happening were it not for the greed of Big Pharma, pressure from Wall Street for higher profits, and lack of federal regulation.
In early November the Indiannapolis Star ran down some of the big payouts by the drugsters.
In 2008, according to Fortune, profits of the top 10 drugmakers alone came to $50 billion–and that, of course, is after the huge payouts to corporate executives.
None of the fines or settlements resulting from these cases will mar the profitability of Big Pharma, which consistently ranks as one of the top two or three most profitable industries in the United States in Fortune 500 rankings. In 2008, according to Fortune, profits of the top 10 drugmakers alone came to $50 billion–and that, of course, is after the huge payouts to corporate executives.
Born in 1936, James Ridgeway has been reporting on politics for more than 45 years. He is currently Senior Washington Correspondent for Mother Jones, and recently wrote a blog on the 2008 presidential election for the Guardian online. He previously served as Washington Correspondent for the Village Voice; wrote for Ramparts and The New Republic; and founded and edited two independent newsletters, Hard Times and The Elements.
Ridgeway is the author of 16 books, including The Five Unanswered Questions About 9/11, It’s All for Sale: The Control of Global Resources, and Blood in the Face: The Ku Klux Klan, Aryan Nations, Nazi Skinheads, and the Rise of a New White Culture. He co-directed a companion film to Blood in the Face and a second documentary film, Feed, and has co-produced web videos for GuardianFilms.
Additional information and samples of James Ridgeway’s work can be found on his web site, http://jamesridgeway.net.
This article is republished in the Baltimore Chronicle with permission of the author.
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Baltimore News Network, Inc., sponsor of this web site, is a nonprofit organization and does not make political endorsements. The opinions expressed in stories posted on this web site are the authors' own.This story was published on November 20, 2009.