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Archive for February 27th, 2009

Big Pharma Quietly Hikes Drug Prices 100 Percent or More

Posted by truthpills on 2009/02/27

Friday, February 20, 2009 by: David Gutierrez, staff writer

(NaturalNews) Without any fanfare, pharmaceutical companies have been raising the prices of many of their drugs by 100 percent or more, according to a study conducted by researchers from the University of Minnesota.

The researchers investigated cases in which drugs had their prices increased by 100 percent or more in a single cost adjustment, finding that drug companies had done so for 26 products in 2006. Questcor Pharmaceuticals, for example, increased the price of its drug Acthar (used to treat spasms in infants) by 1,424 percent, from $1,650 per vial to a whopping $23,000.

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Posted in Health | Tagged: , , | 1 Comment »

From One Assault On The Constitution To Another

Posted by truthpills on 2009/02/27

By Paul Craig Roberts

February 20, 2009 “Information Clearing House” — The US Constitution has few friends on the right or the left.

During the first eight years of the 21st century, the Republicans mercilessly assaulted civil liberties. The brownshirt Bush regime ignored the protections provided by habeas corpus. They spied on American citizens without warrants. They violated the First Amendment. They elevated decisions of the president above US statutory law and international law. They claimed the power to withhold information from the people’s representatives in Congress, and they asserted, and behaved as if, they were unaccountable to the people, Congress, and the federal courts. The executive branch claimed the power to ignore congressional subpoenas. Republicans regarded Bush as a Stuart king unaccountable to law.

The Bush brownshirt regime revealed itself as lawless, the worst criminal organization in American history.

Now we have the Democrats, and the assault on civil liberty continues. President Obama doesn’t want to hold Bush accountable for his crimes and violations of the Constitution, because Obama wants to retain the powers that Bush asserted. Even the practice of kidnapping people and transporting them to foreign countries to be tortured has been retained by President Obama.

The civil liberties that Bush stole from us are now in Obama’s pocket.

Will it turn out that we enjoyed more liberty under Bush than we will under Obama? At least the Republicans left us the Second Amendment. The Obama Democrats are not going to return our other purloined civil liberties, and they are already attacking the Second Amendment.

Rep. Bobby L. Rush (D, IL) has introduced the Blair Holt Firearm Licensing and Record of Sale Act of 2009. As the British and Australians learned, once firearms are registered, the government knows where they are. The government’s next step is to confiscate the firearms.

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Obama’s Budget: Almost $1 Trillion in New Taxes

Posted by truthpills on 2009/02/27

Jake Tapper
ABC News
February 26, 2009

President Obama’s budget proposes $989 billion in new taxes over the course of the next 10 years, starting fiscal year 2011, most of which are tax increases on individuals.

1) On people making more than $250,000.

$338 billion – Bush tax cuts expire
$179 billlion – eliminate itemized deduction
$118 billion – capital gains tax hike

Total: $636 billion/10 years

2) Businesses:

$17 billion – Reinstate Superfund taxes
$24 billion – tax carried-interest as income
$5 billion – codify “economic substance doctrine”
$61 billion – repeal LIFO
$210 billion – international enforcement, reform deferral, other tax reform

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Posted in Economy | Tagged: , | 2 Comments »

Japan’s boffins: Global warming isn’t man-made

Posted by truthpills on 2009/02/27

Climate science is ‘ancient astrology’, claims report

By Andrew Orlowski • Get more from this author

Posted in Environment, 25th February 2009 12:23 GMT

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Exclusive Japanese scientists have made a dramatic break with the UN and Western-backed hypothesis of climate change in a new report from its Energy Commission.

Three of the five researchers disagree with the UN’s IPCC view that recent warming is primarily the consequence of man-made industrial emissions of greenhouse gases. Remarkably, the subtle and nuanced language typical in such reports has been set aside.

One of the five contributors compares computer climate modelling to ancient astrology. Others castigate the paucity of the US ground temperature data set used to support the hypothesis, and declare that the unambiguous warming trend from the mid-part of the 20th Century has ceased.

The report by Japan Society of Energy and Resources (JSER) is astonishing rebuke to international pressure, and a vote of confidence in Japan’s native marine and astronomical research. Publicly-funded science in the West uniformly backs the hypothesis that industrial influence is primarily responsible for climate change, although fissures have appeared recently. Only one of the five top Japanese scientists commissioned here concurs with the man-made global warming hypothesis.

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The next big financial meltdown?

Posted by truthpills on 2009/02/27

The mortgage and credit sickness that brought banks and brokers to their knees has now infected the companies that insure our lives and protect our families.

By Michael Brush
MSN Money

The life insurance companies that millions of Americans entrust to help protect their families or pay the bills in their golden years are caught in a downward spiral eerily similar to the one that has brought down banks and brokers.

Like Bear Stearns and Lehman Bros. (LEHMQ, news, msgs), life insurers Hartford Financial Services (HIG, news, msgs), Principal Financial Group (PFG, news, msgs), Lincoln National (LNC, news, msgs) and many others all have significant exposure to mortgage-backed securities and other risky debt instruments.

They’re reporting huge losses that — if they continued — could trigger a meltdown.

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