New study: 85% of Big Pharma’s new drugs are “lemons” and pose health risks to users

(NaturalNews) – For years, natural health proponents have been sounding the alarm about the dangers of new drugs being pushed on consumers. But is that a one-sided, inaccurate view? Not at all. In fact, new research now shows the problems with Big Pharma’s hugely hyped medications are far worse than most people have even dreamed. Independent reviewers found that about 85 percent of new drugs offer few if any new benefits — but they carry the risk of causing serious harm to users.

According to Donald Light, Ph.D., a professor of comparative health policy at the University of Medicine and Dentistry of New Jersey who authored the study, the pharmaceutical industry is a “market for lemons” and Big Pharma spends a fortune to sell those lemons to the public. Continue reading

Economy

(CommitteeForAbolitionOfThirdWorldDebt) – Eurozone Economic Crisis: Call For a European Mobilisation Against the Dictatorship of the Creditors

Text of the La Marlagne Declaration Read More Here

(HuffingtonPost) – Tier 5: The Despair Of The 99ers

Hundreds of thousands of long-term unemployed people across the country are watching in despair as Congress limps toward a reauthorization of jobless aid programs that won’t even help them.

They are the 99ers, people who have exhausted the maximum 99 weeks of unemployment benefits available in some states. Read More Here

(MotherJones) – Soldier in Iraq Loses Home Over $800 Debt

Michael Clauer is a captain in the Army Reserve who commanded over 100 soldiers in Iraq. But while he was fighting for his country, a different kind of battle was brewing on the home front. Last September, Michael returned to Frisco, Texas, to find that his homeowners’ association had foreclosed on his $300,000 house—and sold it for $3,500. This is story illustrates the type of legal quagmire that can get out of hand while soldiers are serving abroad and their families are dealing with the stress of their deployment. And fixing the mess isn’t easy. Read More Here

(ZeroHedge) – Dollar to be Replaced with IMF’s SDR as Reserve Currency?

Jim O’Neill, who did not make any friends within the bear community earlier today, has written an interesting paper on the IMF’s Special Drawing Rights, and whether this hypernational currency can ever become a reserve currency as is, and/or with the CNY as a constituent member. Read More Here

(Globe&Mail) – Greece could set off bigger debt bomb

Let’s play a little game called Disaster. Imagine an event that could trigger a genuine, knock ’em down, worldwide catastrophe. Think of Pearl Harbor, multiplied by 10, or even 100. Read More Here

(BizJournals) – N.C. loses 1,800 more construction jobs

North Carolina lost 1,800 jobs in the construction industry in April, according to a report released Friday. But the study also shows the industry’s nationwide slowdown is beginning to wane. Read More Here

(Bloomberg) – Berlusconi Says $30 Billion of Budget Cuts Needed to Save Euro – Read More Here

(CNBC) – More Cities on Brink of Bankruptcy – Read More Here

(BizJournals) – Cincinnati State hikes tuition 3.5% – Read More Here

(HoweStreet) – Miami Commissioner Says Bankruptcy is City’s Best Hope; Chris Christie Says New Jersey Careens Towards Becoming Greece – Read More Here

(CNNMoney) – Youth jobless crisis could have lasting impact – Read More Here

(NBCMiami) – Video: Miami Budget Begging for Bankruptcy – Video Link Here

(WPost) – 100,000 teachers nationwide face layoffs – Read More Here

(AmericanThinker) – Folly Central: Obama Considers Another Stimulus

Another stimulus. That’s right. You read correctly. The U.K.’s Telegraph reports that dour President Obama and his cadre of thick-headed left-wing ideologues are weighing additional borrowing. This time to the tune of $200 billion. Paltry when stacked against the trillions in debt the nation is already massing? Can you say the “tyranny of compounding interest?” Read More Here

(BusinessInsider) – The Worst Money Supply Plunge Since The Depression Means A Double Dip Is Now A ‘Virtual Certainty’

The negative take is that this crashing money supply will lead to both deflation and a double dip recession: Read More Here

(ABCNews) – National Debt Soars Past $13 Trillion – Read More Here

(EconomicPolicyJournal) – Subprime Goes to College: $300 Billion in Defaults Coming

Mike O’Rourke (Via ZeroHedge) has a nice summary of yesterday’s Ira Sohn Research Conference.

Of note was Frontpoint’s Steve Eisman, who has spotted another private sector industry that is in bed with government big time ,that is taking advantage of the poor, and will collapse. Here’s O’Rourke’s report on Eisman’s speech: Read More Here

(TaxProf) – Gird Your Loins: IRS ‘Wealth Squads’ Are on the Way

Newly created exam teams will scrub wealthy taxpayers’ hedge funds, trusts and foreign accounts. Read More Here

(DailyFinance) – BankWatch: TARP Investments Lead to Huge Losses for U.S. Treasury

As struggling banks get acquired or fail, the U.S. Treasury is shouldering a growing burden: Its investments in TARP are turning out to be a bust, leading to huge losses. And there are signs of more trouble ahead. Read More Here

(AmericanThinker) – Another Sham Stimulus Bill – Read More Here

(WashingtonPost) – 100,000 teachers nationwide face layoffs

Senior congressional Democrats and the Obama administration scrambled Wednesday to line up support for $23 billion in federal aid to avert an estimated 100,000 or more school layoffs in a brutal year for education budgets coast to coast. Read More Here

(InfoClearingHouse) – Credit Storm in Europe; Politics on Capital Hill – Mike Whitney

Credit market turmoil in the Eurozone has ignited frenzied trading on global markets. On Tuesday, shares tumbled nearly 300 points on the Dow Jones before launching an unconvincing 257-point late-day comeback. Wednesday the mayhem continued; all the major indexes seesawed wildly as positive news on durable goods was nixed by reports on wobbly EU banks. Read More Here

(HuffingtonPost) – The Cult of Subprime Central Bankers

The world is suffering from the worst downturn since the Great Depression. The crisis has left tens of millions unemployed in the U.S., Europe, and elsewhere. The huge baby boomer generation in the United States, now on the edge of retirement, has seen much of its wealth destroyed with the collapse of the housing bubble. Read More Here

(WSJ) – Banks Trim Debt, Obscuring Risks

Three big banks—Bank of America Corp., Deutsche Bank AG and Citigroup Inc.—are among the most active at temporarily shedding debt just before reporting their finances to the public, a Wall Street Journal analysis shows. Read More Here

(Fox) – Video: Freedom Watch – Reigning in National Debt

May 26 – What role did supply-side economics play in creating U.S. deficit? Continue reading

Presidential cancer advisors find courage to warn about environmental risks of cancer chemicals – Mike Adams

(NaturalNews) – When a government panel of experts finds the courage to tell the truth about cancer, it’s an event so rare that it becomes newsworthy. Late last week, a report from the President’s Cancer Panel (PCP) broke ranks with the sick-care cancer establishment and dared to say something that natural health advocates have been warning about for decades: That Americans are “bombarded” with cancer-causing chemicals and radiation, and if we hope to reduce cancer rates, we must eliminate cancer-causing chemicals in foods, medicines, personal care products and our work and home environments. Continue reading

Total Sellout: American Academy of Family Physicians Lets Coca-Cola Sponsor Health Advice

(NaturalNews) – The American Academy of Family Physicians has come under fire for a controversial decision to partner with the Coca-Cola Company in a new public outreach campaign about the health risks of soda consumption. Continue reading

MSM: UK Government Global Warming Ads Banned For Exaggerating Risks

(DailyMail) – Two government advertisements which use nursery rhymes to warn of the dangers of climate change have been banned for exaggerating the threat.

Commissioned by Energy Secretary Ed Miliband, the adverts are based on children’s poems Jack and Jill and Rub-A-Dub-Dub and assert that climate change will cause flooding and drought. Continue reading

Video: Vaccines – Doctor Judges & Juries Hanging Their Own

(January 29, 2010) – Barbara Loe Fisher, Andrew Wakefield, National Vaccine Information Center, NVIC Continue reading

Video: Obama Pushes Banker Takeover Plan at Federal Hall

Obama delivered one of his famous teleprompter speeches today at Federal Hall in New York on the one-year anniversary of the Lehman Brothers scam. It was a cynical move, considering Obama spoke from the building where the country’s founders once argued over how much the government should control the national economy. Continue reading

Study Reveals Serious HPV Vaccine Problems: Fainting, Blood Clots, Death Among Risks

(NaturalNews) – At first glance, a study just published in the August 19th edition of the Journal of the American Medical Association (JAMA) is yet another whitewash job about the safety of the quadrivalent human papillomavirus recombinant vaccine –better known as Gardasil, the genital human papillomavirus (HPV) vaccine. Continue reading

Video: Children should not be given Tamiflu, Oxford researchers say

(ITNNews) – Researchers from Oxford University have said that antiviral drug Tamiflu could be harmful to children under 12 – so what are the risks? Continue reading

Doctors Warn Avoid Genetically Modified Food

The American Academy of Environmental Medicine states,”Genetically Modified foods have not been properly tested and pose a serious health risk. There is more than a casual association between GM foods and adverse health effects. There is causation.” Continue reading

MSM: Americans’ Radiation Exposure Rises 6-Fold in 29 Years

CT Scans and Other Radiation-Based Medical Tests May Be to Blame for Increase in Radiation Exposure Continue reading