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Orphans: Adding Company Value in the Biotech Space

"While orphan drugs' share of the $880-billion global pharmaceuticals market remains small—at $50 billion as of the end of 2011, or just 6% of the total—their growth curve has been steep. Thomson Reuters reports that between 2001 and 2010, orphan drugs posted a compound annual growth rate of 25.8%, outstripping the 20.1% CAGR returned by a matched non-orphan control group. With these kinds of eye-popping profits being raked in by orphan drug makers, the investment world has taken notice." Continue reading →

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Going, Going, Gone: Crisis-Plagued Madrid Sells Out City Assets

"Mayor Ana Botella would like to bring the Summer Olympics to Madrid in 2020, following the city's third attempt to capture the games. Her predecessors have already invested more than €6 billion in the effort, and she needs at least another €2.5 billion. That might explain why, in recent months, Botella has begun to sell off public buildings and properties -- even if she hasn't managed to raise very much money so far. A Chinese bank snatched up a magnificent building near the Prado Museum at a price discount of almost a third. The fire sale also included 26 works by Spain's best-known contemporary artists, which were part of the city hall's inventory." Continue reading →

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The Jobs Number Is B.S., Says Former Head Of B.L.S.

"Keith Hall believes the US economy is a lot sicker than the 7.6 percent unemployment rate would lead you to believe. And he should know. Hall was, from 2008 until last year, the guy in charge of Washington’s Bureau of Labor Statistics, the agency that compiles that rate. 'Right now [it’s] misleadingly low,' says Hall, who believes a truer reading of those now wanting a job but without one to be more than 10 percent. The fly in the ointment is the BLS employment-to-population ratio, which is currently at 58.7 percent. 'It’s lower than it was when the recession ended. I think that’s a remarkable statistic.'" Continue reading →

Continue ReadingThe Jobs Number Is B.S., Says Former Head Of B.L.S.

Detroit Declares Bankruptcy; Citizen Layoffs Begin

After decades of mismanagement, decay, and taxpayer flight led to one of the largest municipal bankruptcies in U.S. history Friday, city officials have begun circulating notices informing citizens that their continued residence would no longer be required. "Look, there's really no need to spell out what everyone knows: Detroiters are a net drain on the Detroit economy," said city emergency manager Kevyn Orr. "The city services they consume cost far in excess of what they can afford. The sooner we complete this restructuring, which will unfortunately require a significant reduction in headcount, the sooner we will be back on track as a city." Continue reading →

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Obama Flashback: “We Refused to Let Detroit Go Bankrupt”

"In October of 2012, President Barack Obama triumphantly declared he 'refused to throw in the town' and 'let Detroit go bankrupt.' On July 18, 2013, Detroit went bankrupt. 'We refused to throw in the towel and do nothing. We refused to let Detroit go bankrupt. We bet on American workers and American ingenuity, and three years later, that bet is paying off in a big way,' Obama said in his weekly address. To be fair, it seems that Obama was touting Detroit of an example of how his administration 'saved' the automobile industry. Clearly though, this administration’s big government policies were still not enough to save the city from economic ruin." Continue reading →

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“Of course Obamacare doesn’t work” say Democrats

Yeah… So let’s see if we get this. Democrats shoved an unpopular, expensive, ill-conceived and poorly written law down the country’s throat with no Republican support, and without bothering to see whether states would want to take on the thankless and costly task of helping the feds implement it. And now that many of these states are rebelling, it’s the Republicans’ fault?

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City of Detroit Files for Chapter 9 Bankruptcy

"If the Chapter 9 filing is approved, Detroit’s case would be the largest municipal bankruptcy in the history of the United States. The tax base has been destroyed. Detroit lost a quarter-million residents between 2000 and 2010. A population that in the 1950s reached 1.8 million is struggling to stay above 700,000. Much of the middle-class and scores of businesses also have fled Detroit, taking their tax dollars with them. Likely those holding any of the $11 billion in unsecured debt will get next to nothing. Per person, the debt of the U.S. government ($54K/person) is about twice as large as the debt of the City of Detroit ($26K/person)." Continue reading →

Continue ReadingCity of Detroit Files for Chapter 9 Bankruptcy

7 Ways The Obama Administration Has Accelerated Police Militarization

"In many of these examples, Obama is merely continuing policies that began in previous administrations. And there are some areas where he has made progress, notably by apportioning a greater portion his anti-drug budget to treatment instead of enforcement. But in several of the examples above, he has actually stepped up the policies he inherited. Obama the candidate made some unusually frank and critical statements about the drug war, incarceration, and the criminal justice system. His drug czar then showed some rare insight into the dangers of war rhetoric when discussing domestic policing. Obama the president has been more of the same, and in some cases worse." Continue reading →

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Police need warrants to track cell-phone data, N.J. Supreme Court rules

"The state Supreme Court ruled today that law enforcement agencies must get warrants if they want to track crime suspects by tracing the signals from their cell phones. 'Cell phones are not meant to serve as tracking devices to locate their owners wherever they may be,' Chief Justice Stuart Rabner wrote in the 7-0 decision. The state’s high court is the first in the country to impose such a ruling, and former state justices and legal experts said the decision could ripple throughout the states and in federal courts wrestling with the same questions on the collection and use of electronic data." Continue reading →

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Nasser Al-Awlaki: The Drone That Killed My Grandson

"The missile killed him, his teenage cousin and at least five other civilians on Oct. 14, 2011, while the boys were eating dinner at an open-air restaurant in southern Yemen. I visited the site later, once I was able to bear the pain of seeing where he sat in his final moments. Local residents told me his body was blown to pieces. They showed me the grave where they buried his remains. I stood over it, asking why my grandchild was dead. Nearly two years later, I still have no answers. The United States government has refused to explain why Abdulrahman was killed. A country that believes it does not even need to answer for killing its own is not the America I once knew." Continue reading →

Continue ReadingNasser Al-Awlaki: The Drone That Killed My Grandson