A huge overnight price increase for an important tuberculosis drug has been rescinded after the company that acquired the drug gave it back to its previous owner under pressure, it was announced on Monday.
However, outrage over a gigantic price increase for another drug spread into the political sphere on Monday, causing biotechnology stocks to fall broadly as investors worried about possible government action to control pharmaceutical prices. The Nasdaq Biotechnology Index fell more than 4 percent.
“Price-gouging like this in the specialty drug market is outrageous,” Hillary Rodham Clinton, a contender for the Democratic presidential nomination, said in a tweet on Monday. She said she would announce a plan on Tuesday to deal with rising drug prices.
Ms. Clinton was referring to the actions of Turing Pharmaceuticals, which last month acquired Daraprim, a 62-year-old drug used to treat a serious parasitic infection, and raised its price to $750 per tablet, from $13.50.
Tuesday Reads
Posted: September 22, 2015 Filed under: 2014 elections, 2016 elections, Bobby Jindal, Republican politics, Republican presidential politics 26 CommentsGood Morning!
Well, I really didn’t think I’d end up writing my next morning reads about Scott Walker although we’ve covered his reign of terror in Wisconsin quite a bit. It appears the Koch sponsored Governors are not doing very well this year. Walker’s coffers were full of funds but his campaign was as empty as bucket with a hole much like his rhetoric and ideology.
After a dramatic fall from the top tier of Republican presidential candidates over the last several weeks, Wisconsin Gov. Scott Walker ended his bid for the White House Monday.
“Today, I believe that I’m being called to lead by helping to clear the field in this race so that a positive conservative message can rise to the top of the field,” Walker announced at a press conference in Madison, Wisconsin on Monday. “With this in mind, I will suspend my campaign immediately.”
“I encourage other Republican presidential candidates to consider doing the same, so that the voters can focus on a limited number of candidates who can offer a positive, conservative alternative to the current front runner,” Walker went on to say, referring to current GOP frontrunner Donald Trump.
Walker’s run started on July 13 and lasted 71 days.
The move comes just two months after polls showed Walker leadingTrump in the crucial, first-in-the-nation caucus state of Iowa. Many pundits considered Walker to be a favorite for GOP nomination after his successful recall election in Wisconsin in 2012 and his establishment support.
But over the last several weeks, Walker has fallen dramatically in national polls, registering at less than 0.5 percent in the latest national CNN/ORC poll this weekend. In Iowa, where for much of the year Walker was considered the favorite to win the first in the nation caucuses, Walker slid from 19 percent to 5 percent in just six weeks of NBC News/Marist polling.
Walker first gained attention in Iowa for a speech at the Iowa Freedom Summit in January. But after riding high in the polls in that state for over half the year, Walker was outpaced in the polls following a lackluster performance in the first televised Republican debate.
Walker, never having graduated college, pitched himself as an outsider to Washington and argued that the next president needed to be a governor.
Walker’s governorship was ideological from the get go. Anyone with a critical eye toward results can see the damage he’s done to Wisconsin. Kansas
and Louisiana also stand out as failed states in the ALEC/Koch style. It’s not like any of these guys can run on a successful economy or stewardship of their state’s funds. Walker’s jihad against teachers and police officers and their unions took on a nasty tone. His actions spoke far louder than his words on the campaign trail. I found his debate manner insipid. Even one of his slighted former campaign aids said he tried to please every one and came off as having no real core ideals.
Gov. Scott Walker of Wisconsin, whose early glow as a Republican presidential contender was snuffed out with the rise of anti-establishment rivals, announced Monday that he was quitting the race and urged some of his 15 rivals to do the same so the party could unite against the leading candidate, Donald J. Trump.
Mr. Walker’s pointed rebuke of Mr. Trump gave powerful voice to the private fears of many Republicans that the party risked alienating large parts of the electorate — Hispanics, women, immigrants, veterans, and most recently, Muslims — if Mr. Trump continued vilifying or mocking them as part of his overtures to angry and disaffected voters.
Still, Mr. Walker’s exit was not a selfless sacrifice: He was running low on campaign cash, sliding sharply in opinion polls, losing potential donors to rivals and unnerving supporters with a stream of gaffes, like saying he would consider building a wall along the Canadian border.
Appearing ashen and drained at a brief news conference late Monday in Madison, Mr. Walker said the Republican presidential field was too focused on “how bad things are” rather than on “how we can make them better for everyone.” Without naming Mr. Trump, Mr. Walker issued a plea to fellow candidates to coalesce around a different Republican who could offer a more “optimistic” vision and guide the party to a victory next year that, he admitted with sadness in his voice, he could not achieve himself.
The Great Wall of Canada may have been the first whiff of how absolutely clueless the man was on the world outside. What was he planning on doing? Stopping Americans from getting cheap Canadian drugs?
His last speech was a rail against big labor. That’s hardly a zinger in a country where labor membership can’t get much lower.
Walker’s decision to quit followed two lackluster debate appearances, tepid fundraising and several statements that attracted a flurry of negative headlines, including those that followed the candidate’s assertion that building a wall along the Canadian border was a possibility that deserved further examination. It may have also been hurt by the fact that Walker is essentially a life-long politician in an election season in which Americans are so far embracing outsiders.
While Walker’s union-bashing record provided his ticket into the race, the narrative that brought him headlines and donors didn’t prove to be a white-hot issue. At a time when organized labor is already losing membership, reducing its clout hasn’t been a top national priority for most Republicans. In the first debate on Aug. 6, the word “union” was used just three times, and only once by Walker, in his closing statement.
“I took on the big-government union bosses, and we won,” said Walker, who saw his state and national poll numbers fall almost as soon as Trump entered the race. “They tried to recall me, and we won. They targeted us again, and we won.”
The references were to Walker’s 2011 fight with public-sector unions, as well as his 2012 recall and 2014 general election victories, both contests that included heavy union spending against him. His ability to remain “unintimidated” in those battles has become a central theme of Walker’s campaign.
On the campaign trail, however, Walker wasn’t that intimidating. In an often monotone Midwestern voice, his speeches virtually never changed and he wasn’t as quick on his feet in interviews or during debates as some of his opponents. While he worked extremely hard to stress his common-man credentials, seemingly making almost continuous references to his love of his Harley-Davidson motorcycle, it also kept him from looking presidential.
He just couldn’t hold a candle to The Donald. Or, so he says and they say …
But Walker began the 2016 campaign season in a promising spot. He had a record of fighting for conservative priorities in Wisconsin in a way that impressed both the GOP’s base and its elites. Since he wasn’t so identified with pro-immigration policies as Jeb Bush or Marco Rubio, it seemed to some that he was well-positioned to unite the party’s disparate factions. And despite some early rockiness on policy issues, Walker took the lead in Iowa caucus polls in mid-February, and held it for the next five and a half months.
Then Hurricane Trump rolled in. The billionaire’s showmanship and disdain for what he called “political correctness” on the topic of unauthorized immigration excited the Republican right, and powered him to the front of polls nationally and in Iowa.
In comparison, Walker looked like a typical politician, had an unimpressive speaking style, and failed to stand out from the crowd in the two debates so far. In last week’s second debate, the Wisconsin governor spoke the least of any candidate, and twopost-debate surveys asking Republican voters who won this week’s debate found Walker in last place of the 11 primetime debaters. After the first debate, he plummeted in the polls both in Iowa and nationally. Currently, he’s in 11th place nationally and in 7th place in Iowa, according to RealClearPolitics’s poll averages.
There are some other candidates that are on the ropes but seem oblivious to their problems. Hillary was in Baton Rouge yesterday. Jindal challenged her to debate health care with him. Instead, she took the stage and left him to his less than 1% standing in the polls among Republican voters. She’s not backing down on the Affordable Healthcare Act.
Hillary Clinton defended President Barack Obama’s signature legislation, the Affordable Care Act, during a campaign stop in Baton Rouge on Monday and took aim at her Republican rivals who say they want to repeal “Obamacare.”
“It’s not just a political issue, it’s a moral issue,” the Democratic presidential front-runner told a crowd of 1,200 cheering supporters and schoolchildren at the Louisiana Leadership Institute.Attendees circulated volunteer sign-up sheets and texted their information to the campaign during the rally, which was the first of several stops on Clinton’s latest effort to campaign on the importance of the federal health care law and her plans to protect and build on it.
“I’m not going to let them tear up that law, kick 16 million people off their coverage and force the country to start the health care debate all over again,” she said as supporters waved bright blue “Hillary” signs.
Clinton won several bouts of applause from the friendly crowd, particularly as she took jabs at Gov. Bobby Jindal and U.S. Sen. David Vitter, both Republicans.
Jindal, who is seeking the GOP nomination for president, has been a vocal opponent of Obamacare and has repeatedly called for its repeal. He also blocked the state from expanding its Medicaid program for the poor and uninsured through an optional piece of the federal health care law — a point that Clinton was quick to point out.
“He put ideology ahead of the well-being of the people and the families in this state,” Clinton said, noting that some 190,000 people in Louisiana would have been eligible for Medicaid if Jindal had supported expansion.
The ACA has faced near constant backlash from many Republicans since it was signed into law in 2010. Jindal, through his America Next policy group, released hisown proposal to repeal the law and replace it last year.
But Clinton said such a move would be too disruptive and vowed to fight any effort to repeal the law, if elected.
“I want to build on the progress we’ve made. I’ll do more,” she said.
Clinton said she would announce a plan this week to further address health care costs, including rising drug prices.
The equity markets are evidently betting on Hillary. The viral story of the day was of a dudebro hedge fund manager who bought a
drug on the cheap and hiked its price to the stratosphere. Hillary demanded investigation in to price gouging and the entire industry felt the discipline of the market and the expectation she’d do it too. One company who’d gotten a patent from a non profit associate with Perdue for a Tuberculous drug wound up with the patent deal rescinded. The dudebro’s move still stands for the time being.
Mania-prone biotech stocks were in the market’s doghouse Monday, after a 21-word tweet from Democratic presidential candidate Hillary Clinton ripping a drug company’s pricing policy sparked a sharp selloff for the group.
Referencing a New York Times report on a steep price hike for a drug recently acquired by Turing Pharmaceuticals, Clinton lambasted the often-astronomical price tags for specialty drugs being developed by biotech and pharmaceutical companies and pledged to provide a plan to keep such therapeutic costs in check.
You can read more about both situations here.
It’s really interesting to watch the difference between a campaign on fire and one going doing in flames.
What’s on your reading and blogging list today?
It’s Saturday Night!
Posted: September 19, 2015 Filed under: open thread 13 Comments
I’m so far behind on everything it’s not even funny!
You name it! I’m behind on it! Bills! Grading! Cleaning! Laundry!
There’s actually a lot of things to avoid these days unless you want to be made terrifically anxious.
For example, you could read all about the Republicans bitching about persecution of Christians in this country while jumping all over on the Pope’s case for being critical of capitalism and appreciating the science behind global warming. I mean that really makes sense, doesn’t it? Scream about Christian persecution while berating a Pope?
George F Will is still alive and working but for some reason he can’t afford a new hair helmut, schtick or headshot. They all must be at least 40 years old at this link from WAPO. However, his complaints are straight out of the good old days. He’s got a set of really stranger than usual argments and I say that knowing full well that most of his arguments are always strange and unusual. George, a pope with red gucci shoes has “flamboyance”. One with science degrees and a realistic take on climate change has gravitas.
Why is George F Will persecuting christians?
Pope Francis embodies sanctity but comes trailing clouds of sanctimony. With a convert’s indiscriminate zeal, he embraces ideas impeccably fashionable, demonstrably false and deeply reactionary. They would devastate the poor on whose behalf he purports to speak — if his policy prescriptions were not as implausible as his social diagnoses are shrill.
Hey, I’m not a fan of any organized religion but any one whose magical thinking includes a good dose of science is better than one that’s all magical thinking and lies.
Meawhile, my book club is reading The Great New Orleans Kidnapping Case which is educating me on things I never knew about the Reconstruction period.
The case was combustible. Two mixed-race women, abetted by the son of one of them, stood accused of kidnapping a blonde, blue-eyed white baby girl in New Orleans in 1870. How did it end? Author Michael Ross expertly keeps readers in suspense as he weaves this true tale of crime, culture, politics, and colorful Southern characters — including a riverboat captain, “mulatresses,” and a precedent-setting Afro-Creole detective.
The case began on the afternoon of June 9, 1870, when Bridgette Digby sent her 10-year-old son, Georgie, and toddler daughter Mollie outside to play under the supervision of a teenage babysitter. Two stylish, fair-skinned African-American women happened to be strolling by. As they stopped to admire Mollie, a fire broke out a few blocks away, and the excited babysitter asked Georgie to hold his sister while she ran to watch the fire.
“No bubby, I will take the baby,” one of the women said. The women asked Georgie to lead them to the home of a certain neighbor. Once there, they told Georgie it was the wrong house, and then sent him to the market to buy a treat for his sister. A heart-stopping shock awaited Georgie when he came out of the market. The women were gone, and so was his baby sister.
In the era of post-Civil War Radical Reconstruction, the Digby kidnapping case quickly became the focus of public fears and sensationalistic press coverage. Louisiana Governor Henry Clay Warmouth, a young Union army veteran from Illinois, saw the case as an opportunity to demonstrate to skeptics the professionalism of the newly integrated New Orleans police department. When Afro-Creole detective John Baptiste Jourdain was assigned to the investigation, he became the first black sleuth in the nation to work such a prominent case.
Leads poured in. Detective Jourdain, who sometimes donned a disguise, and other investigators questioned mulatto women, nursemaids, voodoopractitioners, even a clairvoyant, all without success. Then, nearly two months after Mollie Digby disappeared, acting on a tip, Detective Jourdain and other police officers went to the home of an “attractive mulatto woman,” Ellen Follin, who, like Jourdain, was Afro-Creole. She denied having the child, but a suspicious Jourdain threatened to have everyone in the house arrested unless she produced Mollie soon.
Within two days, former riverboat captain James Broadwell, who was white, appeared on the Digbys’ doorstep. “I think I have your child,” he informed Mollie’s father. A black woman friend of the Broadwells had allegedly asked the captain to return the baby who, she claimed, had been left at her gate by a veiled white woman. The Broadwells’ friend was none other than Ellen Follin. With Mollie’s safe return, Follin, her son, and her sister were all arrested on kidnapping charges. (The arrest date for the sister differs from page to page, one of very few discordant notes in this otherwise well-researched narrative.)
Here’s a bit about that with photos. It was a fun discussion today and I look forward to the next two where we try to sort more things out.
I’m trying to head to Baton Rouge on Monday Morning to attend an organizing event with Hillary Clinton and members of the campaign. Hopefully, I can work out the logistics but my grade are due on Thursday and as I said, I’m very behind on everything. You’ll know if I do because I will post pictures.
So, anyway, this is just a short open thread!
Have a great night!!!
Friday Reads: Rehashing the Debate of the Living Dead
Posted: September 18, 2015 Filed under: morning reads | Tags: 2016 primaries, bigotry, Fiorina, Islamophobia, Republican primary debate, Trump 8 CommentsWell, I’ve had one of those days and I’m much later than I thought I would be getting to this post. I went to pick up a ‘script and some groceries which I expected to take an hour and a half tops. It turned into an all afternoon ordeal that’s left me crabby and behind on everything. At least Z Nation is on tonight and I have a good supply of red wine.
I’m still reeling from the absolute cock and bull show that was the three hour Republican Primary Debate. How can so many people tell so many lies and still have folks call some winners and losers. What ever happened to telling the truth and calling people out on absolute fantasy?
Former Democratic activist turned journalist George Stephanopoulos on Thursday went after Carly Fiorina for attacking Planned Parenthood during Wednesday’s presidential debate. The Good Morning America co-host grilled, “Another powerful moment last night was when you talked about those Planned Parenthood tapes. But analysts who’ve watched all 12-plus hours say the scene you’ve described, that harrowing scene you described, actually isn’t in those tapes.”
He wondered, “did you misspeak?” Fiorina shot back at the man who secretly donated $75,000 to the Clintons: “I don’t know whether you’ve watched the tapes, George….Certainly none of the Democrats who are still defending Planned Parenthood have watched those tapes.”
I’m beginning to think they should just come out and ask them if they’re stupid or if they’ve just decided to just lie to every one if that’s what it takes to get attention.
None of the nonsense escaped the sharp eyes and tongue of Charles Pierce. He singled Fiorina out for the completley out-to-lunch comments of Fiorina who many pundits feel won the debate.
How do you win a debate by talking trash crisply?
There is a monumental question facing political journalists this morning. How do you cover a campaign in which 15 candidates are running on the basis of things that simply are not true, on the basis of things that simply do not exist? There are two choices: call bullshit for what it is, or just surrender to the unceasing barrage of truthless performance art. Here’s Ezra Klein, pretty much running up the white flag.
This is the second debate Fiorina won. She dominated the JV stage in the Fox News debate, forcing CNN to change the rules to ensure she made the main stage in their event. She validated their decision tonight. She had the crispest answers, received the biggest cheers, and proved the only candidate on the stage capable of standing against Trump. She made everyone else on the stage — especially Trump — look unprepared. But she did it in part by playing fast and loose with the facts. Her barrage of specifics often obscured a curious detachment from reality.
If a cop sees someone on the sidewalk evincing a “curious detachment to reality,” he will run that person in for medical observation, but read on, and Klein correctly points out that Fiorina doesn’t really know what she’s talking about. On foreign policy, and on immigration, and on a host of other issues, she simply asserts that which is not true.
This has become something of a habit for Fiorina, who has a notable facility for delivering answers that thrill conservatives but fall apart under close examination. In a recent interview with Katie Couric, for instance, Fiorina delivered a four-minute riff on climate change that the National Review enthused “shows how to address the left on climate change.” The only problem, as David Roberts pointed out, was that every single thing she said in it was wrong. But if presidential campaigns were decided by fact checkers, Al Gore would have won in a landslide.
Were I young Ezra, I would not use the events surrounding the Gore candidacy as precedent for how political reporters should cover presidential campaigns, and Gore did win by half-a-million votes nationwide. If the elite political press is going to treat fiction as fact as long as the fiction is delivered in a compelling, dramatic manner, then the country truly is lost. If Carly Fiorina is adjudged to be the winner of a debate simply because of how “crisply” she delivered lies about Planned Parenthood, or how “forcefully” she responded to a cartoon like Donald Trump, or how “sharply” she presented her nonsense about reining in Vladimir Putin with “aggressive military maneuvers” on his borders, then there is a problem in the political process that is metastasizing by the hour. Ronald Reagan was the index patient for that problem. They truly are his children now.
Paul Krugman followed up on this general topic in his op-ed today.
I’ve been going over what was said at Wednesday’s Republican debate, and I’m terrified. You should be, too. After all, given the vagaries of elections, there’s a pretty good chance that one of these people will end up in the White House.
Why is that scary? I would argue that all of the G.O.P. candidates are calling for policies that would be deeply destructive at home, abroad, or both. But even if you like the broad thrust of modern Republican policies, it should worry you that the men and woman on that stage are clearly living in a world of fantasies and fictions. And some seem willing to advance their ambitions with outright lies.
Let’s start at the shallow end, with the fantasy economics of the establishment candidates.
You’re probably tired of hearing this, but modern G.O.P. economic discourse is completely dominated by an economic doctrine — the sovereign importance of low taxes on the rich — that has failed completely and utterly in practice over the past generation.
Think about it. Bill Clinton’s tax hike was followed by a huge economic boom, the George W. Bush tax cuts by a weak recovery that ended in financial collapse. The tax increase of 2013 and the coming of Obamacare in 2014 were associated with the best job growth since the 1990s. Jerry Brown’s tax-raising, environmentally conscious California is growing fast; Sam Brownback’s tax- and spending-slashing Kansas isn’t.
Yet the hold of this failed dogma on Republican politics is stronger than ever, with no skeptics allowed. On Wednesday Jeb Bush claimed, once again, that his voodoo economics would double America’s growth rate, while Marco Rubio insisted that a tax on carbon emissions would “destroy the economy.”
The only candidate talking sense about economics was, yes, Donald Trump, who declared that “we’ve had a graduated tax system for many years, so it’s not a socialistic thing.”
If the discussion of economics was alarming, the discussion of foreign policy was practically demented. Almost all the candidates seem to believe that American military strength can shock-and-awe other countries into doing what we want without any need for negotiations, and that we shouldn’t even talk with foreign leaders we don’t like.
Trump, meawhile, took the spotlight today by taking a pass on the idea that Obama is a Muslim that wasn’t born in this
country unlike how Senator John McCain approached birthers during Obama’s first run at the presidency. Trump was an infamous birther so it’s not surprising he’d still be attracting them and playing off the meme.
Donald Trump came under fire Friday morning for his handling of a question at a town hall about when the U.S. can “get rid” of Muslims, for failing to take issue with that premise and an assertion that President Barack Obama is Muslim.
Trump, who has shaken off several high-profile controversies that would have ended other presidential campaigns, faced an immediate backlash from advocacy groups, and members of his own party distanced themselves from the GOP front-runner. The incident recalls Trump’s 2011 quest to challenge Obama on where he was born, which ended with Obama releasing his long-form birth certificate. It also follows a debate performance Wednesday that garnered mixed reviews for the billionaire businessman.
“We have a problem in this country. It’s called Muslims,” an unidentified man who spoke at a question-and-answer town hall event in Rochester, New Hampshire asked the mogul at a rally Thursday night. “You know our current president is one. You know he’s not even an American.”
A seemingly bewildered Trump interrupted the man, chuckling, “We need this question. This is the first question.”
“Anyway, we have training camps growing where they want to kill us,” the man, wearing a “Trump” T-shirt, continued. “That’s my question: When can we get rid of them?”
“We’re going to be looking at a lot of different things,” Trump replied. “You know, a lot of people are saying that and a lot of people are saying that bad things are happening. We’re going to be looking at that and many other things.”
The real estate mogul did not correct the questioner about his claims about Obama before moving on to another audience member.
Meanwhile, most reporters seem to just keep mum while crap like this goes on. Anderson Cooper finally showed some shock and surprise during one particularly bad White Christian Supremacist Trump Supporter landed on his program. Can we expect any more of this? Probably not, because Coop apologized later.



















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