Pharmaceutical Industry and Psychiatry – Conjoined Twins Joined at the Wallet

(OpEdNews) – “Unlimited spending! Schedule all the programs you can.” That was the management directive announced at the regional business meeting I attended when I first became a pharmaceutical rep. When I heard the announcement I felt like I was on an Enron train that was roaring down the tracks, and the company expected everyone to be on board. The company was giving its sales force unlimited funds to hire physicians as paid speakers, sometimes to influence other physicians to prescribe the company’s drugs, at other times to simply financially reward physicians who wrote high volumes of prescriptions every month for the company’s drugs.

Former Merck regional sales manager, Gene Carbona, told the New York Times that the only thing the company considered when selecting physicians to provide presentations was “the volume or potential volume of prescribing that the doctor could do.” This is true of all pharmaceutical companies. According to The Wall Street Journal (August 31, 2009), Eli Lilly alone paid physicians $22 million dollars in just the first quarter of 2009.

The higher a physician is on the influential ladder, the greater the financial rewards to be reaped. Pharmaceutical companies pay influential leaders who can sway public opinion and influence research. And the area of medicine receiving the greatest amount of pharmaceutical money is psychiatry. The American Psychiatric Association (APA) is the most drug industry financially supported medical association. In July 2008, Senator Charles Grassley’s demands that the APA provide an accounting of its finances revealed that in 2006 the pharmaceutical industry accounted for about 30 percent of the APA’s financing; more than $20 million dollars. Read More Here

Economy

(Alternet) – Poverty: It’s Not Just for Black Urbanites Anymore! – And of course it never was. – Read More Here

(NYDailyNews) -Japanese PM Naoto Kan warns of Greece-level ‘collapse’ under debt pile – Read More Here

(Money&Markets) – Debt Facade Cracking in U.K. as Sovereign Contagion Spreads – Read More Here

REPOST – (MarketOracle) – Debt Can Never Be Repaid, By Bankster Design

You really have to hand it to the banksters. As was painstakingly detailed in the book Creature from Jekyll Island, the banking elite devised a brilliant plan in November of 1910 on Jekyll Island in which to take over control of the United States, steal the wealth from the taxpayers and the resources from the country. Read More Here

(EconomicPolicyJournal) – Analyst to Money Managers: Take Your Cell Phones with You on Vacation; Greece Could Default in August

Greece will eventually default on its debt because the country is highly indebted, Carl Weinberg, chief economist at High Frequency Economics, said on CNBC this morning. Read More Here

(MailOnline) – Doomed Labour’s £1.3 TRILLION last spending spree revealed: As the economy nosedived, your millions were wasted on grandiose schemes – Read More Here

(InfoClearingHouse) – One Bank Ruled Them All; Trichet’s Powergrab – Mike Whitney – Read More Here

(BusinessInsider) – The Stunning Crash And Burn Of Las Vegas

There are quite a few U.S. cities that are complete and utter economic disaster zones in 2010 (Detroit for example), but there is something about the demise of Las Vegas that is absolutely stunning. Read More Here

(MineWeb) – U.S. asset managers worried Obama could confiscate gold

Speaking at the FT Silver conference in London yesterday, lead-off speaker John Levin, HSBC Bank’s Managing Director, Global Metals and Trading (HSBC is one of the world’s top precious metals traders and its vaults in the U.S. and Europe hold huge holdings of gold and silver bullion) recounted conversations with some of the U.S.’s top asset managers controlling massive amounts of capital asking if HSBC had the capacity in its vaults to store major gold purchases. On being told that the bank’s U.S. vaults had sufficient space available he was told that they did not want their gold stored in the U.S.A. but preferably in Europe because they feared that at some stage the U.S. Administration might follow the path set by Franklin D. Roosevelt in 1933 and confiscate all U.S. gold holdings as part of the country’s strategy in dealing with the nation’s economic problems. Read More Here

(NYDaily) – Gov. Paterson: Shutdown over budget would cause ‘unimaginable chaos,’ crime in New York

Gov. Paterson went into full doomsday mode Thursday, warning of chaos and anarchy in the streets if the government shuts down.
“It would create unimaginable chaos around the state and the greater metropolitan area,” Paterson said on WCBS Radio 880 this morning. Read More Here

(AP) – Retail sales drop 1.2 percent in May

Retail sales plunged 1.2 percent last month, the Commerce Department said Friday. It was the largest decline in eight months. Read More Here

(BusinessInsider) – Social Security Payouts Are Already Crippling The Government This Year

There is enough published information from the Social Security Trust Fund to make some observations for the first six months of 2010. The data on FICA/SECA tax receipts and benefit payments: (all amounts in $billions) Read More Here

(PakAlert) – Warning Signs Of Full Spectrum Collapse Are Everywhere

The sovereign debt crisis in Greece and many other European nations has, at least for the moment, opened a gap in the wash of financial disinformation that has prevailed in the mainstream media for the past year. The average American is now more aware of the terrible costs of living in an artificially driven and widely manipulated “global economy”, and has also been exposed (at least for the moment) to the very real frailties in our own markets, which have been hidden or downplayed by the government as well as disingenuous establishment economists. Events in the EU, however, are only a glimpse of the greater and more imminent threats we face in the near future. In this article we will look at some of the latest and most disturbing moves by governments and financial institutions, as well as tell-tale signs in our own local cities, which signal that a full-spectrum collapse of world markets and possibly our own currency is not only in progress, but nearing completion. Continue reading

MSM: Newspaper Circulation Falls Nearly 9%

(NYTimes) – The reality facing many American newspaper publishers continues to look stark, as figures released Monday show deep circulation declines, with average weekday sales down almost 9 percent since the same time last year. Read More Here

7 million Iraqis exist below poverty line

(Uruknet) – Millions of Iraqis exist below the poverty line in a country which floats on oil and earned more than $60 billion from oil sales last year, said Mahdi Muhsen, the director of the Central Organization for Statistics and Information Technology.

Muhsen said one fourth of Iraq’s nearly 30 million people live below the poverty line and that unemployment rates could hit 30% in some provinces.

Muhsen made the remarks as his organization gears toward national census scheduled for November 24 this year.

The poverty line for a single adult is 77,000 dinars per month, that is approximately $60. This means that at least 7 million Iraqis will have to make ends meet on two U.S. dollars a day.

Muhsen revealed more alarming figures regarding abject poverty.

“Half the population of Iraq live in abject poverty,” he said.

He said some impoverished provinces, like Muthanna in the south, suffered more than others.

Source: Uruknet

Economy

(WashingtonsBlog) – Geithner: Taxpayers Are Likely to Face “Very Substantial” Losses From Government’s Takeover of Fannie and Freddie

Tim Geithner told the House Financial Services Committee today that txpayers are likely to face “very substantial” losses from the government’s takeover of home mortgage giants Fannie Mae and Freddie Mac. Read More Here

(CBS3) – Homeowners Facing Foreclosure Take Own Lives

The foreclosure crisis in Philadelphia is now becoming a matter of life and death. Eyewitness News has learned that in the past month, two homeowners took their own lives before sheriff’s deputies arrived to tell them that they were being evicted. Read More Here

(Fox) – Fox News Poll: 79% Say U.S. Economy Could Collapse

The latest Fox News poll finds that 79 percent of voters think it’s possible the economy could collapse, including large majorities of Democrats (72 percent), Republicans (84 percent) and independents (80 percent). Read More Here

(AFP) – Geithner says Fannie, Freddie overhaul must wait

US Treasury Secretary Timothy Geithner on Tuesday swatted aside pressure for a swift reform of troubled government-backed mortgage giants as data pointed to a still struggling real estate market. Read More Here

(Bloomberg) – U.S. Economy: Sales of Existing Homes Decrease, Supply Climbs

Sales of existing U.S. homes fell in February for a third month, and the number of properties on the market climbed by the most in almost two years, casting a pall over the prospects for a recovery. Read More Here

(WSJ) – Learjet Repo Man Doing Brisk Business

Ken Cage isn’t your typical repo man. Rather than snatch cars from an over-extended middle class, he takes back yachts, planes and other toys from the over-leveraged rich. Read More Here

(MSNBC) – Video: Lehman Bros categorized loans as sales to hide debt – Dylan Ratigan – Continue reading

Economy

(HousingDoom) – Housing Is Too Big To Fix, Not Too Big To Fail

The government, believing that a correction in house prices would be catastrophic, has tried to put a floor under the housing market. It’s not working: Read More Here

(DalasNews) – Dallas-Fort Worth commercial foreclosure filings top $1 billion

Commercial property foreclosure filings in the Dallas-Fort Worth area top $1 billion for the upcoming April sales. Read More Here

(Money&Markets) – Bernanke Running Amuck

Fed Chairman Bernanke is running amuck, and for the first time since the birth of the U.S. dollar, our government is egregiously abusing its power to print money. Read More Here

(Telegraph) – Has Germany just killed the dream of a European superstate?

So after weeks of Euro-bluff it looks ever more like an IMF rescue for Greece after all, and hence for any other eurozone nation driven to ruin by the wrong monetary policy. Read More Here

World War

(RawStory) – Rove denies Bush admin said oil would help pay for war

NBC was the latest stop on Karl Rove’s book tour for ‘Courage and Consequence.’ Revising history has been his main focus recently, and this morning’s interview with Tom Brokaw focused on Iraqi oil revenues. Read More Here

(InfoClearingHouse) – Manufacturing Consent For Attack On Iran – Pakistani Scientist Khan Describes Iranian Efforts to Buy Nuclear Bombs

The father of Pakistan’s nuclear weapons program has written an official account that details an Iranian attempt to buy atomic bombs from Pakistan at the end of the 1980s. Read More Here

(HeraldScotland) – Final Destination Iran?

Hundreds of powerful US “bunker-buster” bombs are being shipped from California to the British island of Diego Garcia in the Indian Ocean in preparation for a possible attack on Iran. Read More Here

(Telegraph) – Is China’s Politburo spoiling for a showdown with America?

The long-simmering clash between the world’s two great powers is coming to a head, with dangerous implications for the international system. Read More Here

(MSNBC) – Newly powerful China defies Western nations

China’s government has embraced an increasingly anti-Western tone in recent months and is adopting policies across a wide spectrum that reflect a heightened fear of foreign influence. Read More Here

(EarthTimes) – Report: US, Russia account for half of world arms sales

The United States and Russia jointly accounted for more than half of global arms sales between 2005 and 2009, according to a report Monday by a Swedish-based research institute Read More Here

(AsiaTimes) – Obama in more trouble than Netanyahu over Iran

The chess-masters of Tehran have played a single combination for the past five years: threaten America’s flanks in Iraq and Afghanistan in order to gain control of the center of the board, that is, by pushing on with a nuclear program that many suspect is designed to acquire nuclear weapons. Read More Here

(DW-World) – Germany doubles arms exports

Germany doubled the amount of its arms it sold abroad in 2004-2009, compared to that exported during the previous five-year period, according to a report by the Stockholm International Peace Research Institute (SIPRI) released Monday. Read More Here

(Haaretz) – Netanyahu: Israel will keep building in Jerusalem

Prime Minister Benjamin Netanyahu on Monday said that Israel would continue to build in Jerusalem in the same way that it has over the last 42 years. Read More Here

(LATimes) – India embraces Russia arms

New Delhi signs five deals, buying fighter jets, an aircraft carrier and nuclear reactors. Read More Here

Video: Barney Frank Demands Bernanke Probe Fed Involvement In Watergate Scandal And Iraq Arms Sales Following Ron Paul Questioning

(ZeroHedge) – A week ago Ron Paul asked Ben Bernanke a series of questions, which the Chairman and pundits immediately dismissed as “bizarre” and an indication that the potential presidential candidate has finally lost it (among these was a very nuanced question whether or not the Fed is buying sovereign debt, something which Bernanke disclosed in 2002 is a distinct possibility and an action the Fed is permitted to do). Chief among these were queries arising from the work of U of T professor Robert Auerbach, and specifically his book “Deception and Abuse at the Fed” (not available on Kindle), which seek information on whether the Fed was involved in the Watergate scandal and, subsequently, in Iraqi weapons purchases. Continue reading

MSM: China protests US arms sales, warns of ‘serious’ impact

(Breitbart) – China on Friday protested the US decision to sell 6.4 billion dollars in weapons to Taiwan and warned of “serious” damage to relations and cooperation with Washington. Read More Here

MSM: US announces $6bn arms sales to Taiwan

(Telegraph) – President Barack Obama’s administration has confirmed that it will approve a $6 billion (£3.4 billion) arm sales package to Taiwan in a move bound to add to tensions with Beijing. Continue reading

Economy

(VacTruth) – Doctors Vaccinate for Profit

Years ago children were sent up chimneys or sold as servants to earn their parents extra money. Now they are being vaccinated by doctors, to boost their takings. Doctors, Governments and Pharma see our children as their property and are making thousands of pounds/dollars/euros out of them right under our noses. This, they call ‘Health Care’, I call it the legalization of child labour. Read More Here

Existing Home Sales Fall 16.7% in December; Largest Drop On Record

Sales of U.S. existing homes plunged 16.7% in December to a seasonally adjusted annual rate of 5.45 million from 6.54 million in November as the house purchase tax credit was set to expire. The 16.7% percentage decline from November to December was the largest on record, the National Association of Realtors reported. Read More Here

Trailer shipments hit 32-year low in 2009

Truck trailer shipments dropped to levels not seen since 1975, according to figures compiled by ACT Research Company of Columbus, Indiana.Read More Here

(HuffingtonPost) – Geithner Warns That Markets Could Dive If Bernanke Is Not Reconfirmed

Treasury Secretary Tim Geithner, in a recent interview with Mike Allen of Politico warned that the financial markets could react negatively if Fed Chairman Ben Bernanke isn’t confirmed for a second term. (READ Politico’s full story here.) Read More Here

Signs Of The Apocalypse: The Return Of The Layoff

Layoffs in unrelated industries, even when close together in time, are just that—unrelated. That is until they begin to grow rapidly in number.Read More Here

(IndiaTimes) – Outsourcing roars back to India, China: Study

Outsourcing has roared back to life in the last six months with some of it moving to countries like India, and from India to other places like China, the Philippines, Costa Rica and even Romania, according to a new study. Read More Here

ATF Responsible for Creating Large Part of Illegal Cigarette Black Market

(KurtNimmo) – Back during the days of the Bush neocon effort to create mass hysteria over manufactured terrorism, the federal Bureau of Alcohol, Tobacco, Firearms and Explosives attempted to link illicit cigarette smuggling and sales to terrorism. Continue reading

Second Amendment News

(SteveWatson) – BATF Notice Bans Private Gun Sales In Texas

The Bureau of Alcohol, Tobacco, Firearms and Explosives is actively issuing directions banning private sales of guns without licenses at gun shows in Texas, despite there being no law to justify such demands. Read More Here

(KurtNimmo) – Obama Administration Shuts Down Oldest Gun Show in Central Texas

In a disturbing update to a story covered in-depth today on the Alex Jones Show, Texas grocery retailer HEB has banned Texas Gun Shows from holding a monthly gun show. HEB is the lease holder on the property where the gun show was held. Read More Here

(KurtNimmo) – Texas Gun Shows Organizer Targeted by the ATF Makes His Case on the Alex Jones Show

Darwin Boedeker of Texas Gun Shows appeared on the Alex Jones Show today and provided details of the criminal conspiracy by the Bureau of Alcohol, Tobacco, Firearms and Explosives (abbreviated ATF) and the Austin police to shut down the show last week. Read More Here

(KurtNimmo) – Feds, Cops Attempt to Shut Down Legal Gun Sales in Austin, Texas

The police in Austin, at the behest of the federal Bureau of Alcohol and Firearms, has attempted to shut down legal gun sales. The Texas Gun Shows website has the following posted: “Vendor notice – Austin show only: At the direction of the Austin Police Department and the Bureau of Alcohol, Tobacco & Firearms, ONLY LICENSED FFL DEALERS will be allowed to set up and sell firearms at the N. Austin show location.” Read More Here

MSM: December Retail Sales Drop .3 Percent, 2009 Sales See Biggest Drop In 27 Years

(Reuters) – U.S. consumers curbed their Christmas spending in December and more people filed claims for jobless benefits last week, casting fresh doubts on whether the economic recovery can last once government support fades. Continue reading

MSM: Gun sales shoot up amid America’s fear of rising crime and terrorism

(Times) – Smith & Wesson, the famed American gunmaker once owned by Tomkins, the British conglomerate, expects to nearly double its annual sales in the next three to five years as demand for its firearms soars in the recession. It is not alone. Continue reading

Obama and the fiscal crisis of the states

The class character of the Obama administration is clearly indicated by one statistic: President Obama has made available more than $12 trillion in cash infusions, loans and guarantees to the financial industry, but for state governments that are facing massive budget deficits, Obama has thus far provided only one quarter of 1 percent of that amount in federal stimulus funds—about $30 billion. Continue reading

The Rich Have Stolen The Economy – Paul Craig Roberts

Bloomberg reports that Treasury Secretary Timothy Geithner’s closest aides earned millions of dollars a year working for Goldman Sachs, Citigroup and other Wall Street firms. Bloomberg reports that none of these aides faced Senate confirmation. Yet, they are overseeing the handout of hundreds of billions of dollars of taxpayer funds to their former employers. Continue reading

Schwarzenegger signs ammunition sales bill

Gov. Arnold Schwarzenegger today signed into law a bill that requires buyers of handgun ammunition to leave thumbprints and detailed personal information with registered ammo sellers, as well as put restrictions on online bullet sales. Continue reading

MSM: Recession Spells End for Many Family Businesses

(WSJ) – Siblings Georgia, Jimmy and John Roussos have spent most of their lives working in the kitchen of the restaurant their father opened in 1954. The eatery managed to survive a hurricane and other setbacks, but it wasn’t until this August that the recession took its toll, forcing Roussos Restaurant in Daphne, Ala., to permanently shut its doors. Continue reading

The bear market rally will soon be over

(BobChapman) – There is only one place to be and that is in gold and silver related assets. Continue reading

Bullet makers can’t keep up with demand

Bullet-makers are working around the clock, seven days a week, and still can’t keep up with the nation’s demand for ammunition. Continue reading

The Gun-Grabbers are on the Move Again

Every despotic regime in the last century favored gun control laws. Today, the gun-grabbers are on the move again and are being led by the Obama regime. Continue reading

Derivatives Collapse and the China Gold and Silver Markets

(BobChapman) – In 2009, China opened up various exchanges for investment in both gold and silver to the Chinese public, which previously was not allowed to invest in gold and silver. The opening of silver exchanges to the Chinese public is the most recent development and was accompanied by a ban on silver exports. The Chinese government is actively touting both gold and silver as an investment to the Chinese public, and with good reason. Continue reading

Gates to Arabs: Stock Arms to Threaten Iran

U.S. Defense Secretary Robert Gates told the Al Jazeera network Monday that the Arab world should built up its “security capabilities” as a signal to Iran to think twice about developing a nuclear weapon. Continue reading

IBM / IOT Predict 2009 Flu Pandemic – in 2006!

“Services & Global Procurement pan IOT Europe, Pandemic Plan Overview,” an official inter-departmental document was distributed to upper-level management of IBM, France in 2006. Disclosed in this secret document was the prediction of a ‘planned’ pandemic described as having a “100% chance of occurring within the next 5 years.” Continue reading

MSM: Study – Gun Shows Main Source Of Guns Used In Crime

(CBS13) – A new report from UC Davis researchers finds that American gun shows are the leading source of guns used in crimes, not just in the United States, but Mexico and Canada as well. Continue reading

America’s Warfare State – Lining the pockets of Pentagon contractors

“On my last day in Iraq,” veteran McClatchy News correspondent Leila Fadel wrote August 9th, “as on my first day in Iraq, I couldn’t see what the United States and its allies had accomplished. …I couldn’t understand what thousands of American soldiers had died for and why hundreds of thousands of Iraqis had been killed.” Continue reading

Less Government or Lower Wages? You Decide – Peter Schiff

The nationwide revelry surrounding our apparent economic recovery was disrupted this week by the release of lower-than-expected retail sales data. However, rather than sending a chill up the spines of those hoping for a quick end to the downturn, the numbers should be welcomed. Though this may come as a surprise to most observers, lower retail sales are precisely what our economy needs. Continue reading

Shuttered factories, shattered lives in US rust belt

(RawStory) – Weeds have not had time to overtake factories shuttered in the wake of recent bankruptcies at General Motors, Chrysler and a host of suppliers, but the signs of shattered lives are spreading as the economically devastated region, dubbed “the rust belt” after its steel industry, fails to absorb the collapse of the auto industry. Continue reading

We’ve only just begun

According to the CIA’s World Factbook, Americas GDP for 2008 was $14.58 trillion dollars. Fox News reported The United States Government and The Federal Reserve have so far pledged & committed $23.7 trillion dollars, an amount that far exceeds the value of everything we produced in this country in 2008. Continue reading

Shooting Sports: Gun sales soar; ammunition supply down

When I attended the National Shooting Sports Foundation’s Shooting, Hunting Outdoor Trade Show in Orlando, Fla., last Jan­uary, there was a completely different atmosphere among the 1,700 firearms-related manufacturers and the thousands of dealers that attended. Continue reading

HR 45 – Criminalizing Gun Ownership

Congress is now starting on the firearms confiscation bill. If it passes, gun owners will become criminals if you don’t fully comply. Continue reading

Video: Ron Paul – House Floor – 6-4-09

(CSPAN) – No End To Secret Prisons!? Ignoring Habeas Corpus!? No Penalty For Torture!? Continue reading

MSM: Montana gun law targets states’ rights clash

Montana is trying to trigger a battle over gun control – and perhaps make a larger point about what many folks in this ruggedly independent state regard as a meddlesome federal government. Continue reading

Guns bought this year could outfit 2 armies

Guns purchased legally in the United States this year could outfit two armies – and not just any armies, the armies of China and India, according to new government reports cited by a website for sport-shooting enthusiasts. Continue reading

HR 45 Blair Holt Firearms Act Of 2009

HR 45 Blair Holt Firearm Licensing & Record of Sales Act of 2009 Even gun shop owners didn’t know about this because it is flying under the radar. Continue reading

HR 45 Blair Holt Firearms Act Of 2009

HR 45 Blair Holt Firearm Licensing & Record of Sales Act of 2009 Even gun shop owners didn’t know about this because it is flying under the radar. Continue reading

Secret DHS Doc Predicts Violence in Response to New Gun Restrictions

In the wake of the MIAC report and the Virginia Terrorism Threat Assessment, another document issued by the Department of Homeland Security “for official use only” covering so-called “rightwing extremism” has surfaced. The document warns federal and local officials to expect “terrorism” in response to planned firearm restrictions and other points covered below. Continue reading