By Frederick Ampel “Long before the 1987 movie “Wall Street” and the now-legendary quote from the fictional Gordon Gecko “Greed is good” became part of the American business worlds’ verbal infrastructure, success, wealth and growth in business were built on…
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The White House is only telling you half of the sad story of what happened to American jobs
By Linette Lopez “White House Trade Council head Peter Navarro was explaining what he sees as the biggest problem with the American economy since the 1990s that exacerbated inequality and left the American worker in the lurch.”… [Click HERE to read the…
Obamacare heeft CEO’s van Amerikaanse farmabedrijven geen windeieren gelegd
Anonymous, “Net alleen hebben de CEO’s elk jaar gemiddeld 11 procent meer geld verdiend in vergelijking met het jaar ervoor, de prijzen van de aandelen van de bedrijven zijn ook spectaculair gestegen. De directeurs hebben hun hoge lonen (gemiddeld 20…
Health care CEOs earn more despite denouncing Obamacare
Anonymous, “The CEOs of the 70 largest U.S. healthcare companies cumulatively have earned US$9.8 billion since the Affordable Care Act, or Obamacare, passed in 2010, the Axios news website reported Monday.”… [Click HERE to read the full article]
The sky-high pay of healthcare CEOs
By Bob Herman “The CEOs of 70 of the largest U.S. health care companies cumulatively have earned $9.8 billion in the seven years since the Affordable Care Act was passed, and their earnings have grown faster than most Americans’ during…
Should drug makers be banned from buying back stock?
By Ed Silverman “Drug makers often argue that innovation would suffer whenever they are attacked for high prices. But a new analysis finds many of these companies have actually spent more on buying back stock and paying dividends than on…
Study finds that financial parasitism contributes to the high cost of drugs
By Nick Bearns “An article published in the New York Times on Friday, authored by business and finance journalist Gretchen Morgenson, on the pharmaceutical industry and US drug prices, points to one of the most significant economic phenomena of the present day—the…
R and D
By Dan Crawford “Price gouging in the US pharmaceutical drug industry goes back more than three decades. In 1985 US Representative Henry Waxman, chair of the House Subcommittee on Health and the Environment, accused the pharmaceutical industry of “gouging the…
Big Pharma Spends on Share Buybacks, but R&D? Not So Much
By Gretchen Morgenson July 14, 2017 “Under fire for skyrocketing drug prices, pharmaceutical companies often offer this response: The high costs of their products are justified because the proceeds generate money for crucial research on new cures and treatments.”… [Click…
Privatization is changing America’s relationship with its physical stuff
By Brian Alexander “Last month, paddlers in New York state floated their kayaks and canoes in the Erie Canal to celebrate the waterway’s 200th birthday. Workers first dug their shovels into the ground to start the construction of the ditch in 1817….
