Thursday, August 17, 2017

ITS TOUGH AND EXPENSIVE TO CREATE NEW DRUGS...ORIGINALLY PUBLISHED 6/4/12

Three major drug companies spent $100 billion dollars on Research and devleopment in the last five years.

Three major generic drug companies spent under $10 billion on research and development in the last five years.

Since important new drugs are almost impossible to find the major drug companies are likely to find fewer new drugs over the next ten years as their cash flow will decline.

Since generic companies don't do much research or find too many new drugs, the net result will be less drugs, more illness and consequently, more expense.

Unless we get very lucky and the drug companies have a few more breakthroughs.

Furthermore, there is a strong likelihood of declining morale and a significant weakening of the talent who are able to find new drugs.

HEALTHCARE - NO TRUTH - NO FIX? PART TWO(ORIGINALLY PUBLISHED 3/27/17)

The chess battle over health care will cost you a lot of money.  It doesn't matter what your ideology is it will cost you a lot of money, each and everyone of you.

Simply put, this is the story.  Approximately 65% of medical dollars spent go to labor, directly or indirectly.  That's the millions of people who provide the health care system, whether they work for a hospital or a biotech company.  Labor is 65% of every dollar received by the medical profession.

The revenues for the medical industry (in entirety) can either be paid for by the government (TAXES) or by individuals (PREMIUMS).

When you pay the taxes to the government for the medical industry they are either called Medicare, Medicaid or something similar.  When you pay the premiums to your insurance company they are paid for by your personal income.  So you either pay taxes or premiums, both are used to pay the workers in the medical profession 65% of those two numbers.

No politician is willing to tell the people who don't work in the medical profession that medical expenses are destined to rise PERMANENTLY.  The cost of labor is not going down so we will have a continuing rise of medical care costs.  There is no competition.  There is basically a single payer system and that's just the way it is.  So forget the politics.  It's bogus.  

Saturday, August 5, 2017

LEAKERS = WHISLE BLOWERS (ORIGINALLY POSTED 1/2013)

I am seventy five years old.  I was a young boy during WWII.  It was commonplace to be exposed to stories about the Germans in which children were rewarded to come forward to snitch on their parents or family.  These young children were following the Nazi propaganda line.

Many adults looked in dismay as a country rewarded children for being whistle blowers.  It was considered an abominable breach of most American's ethics.

Now in America we reward, with substantial gifts, those who help our Justice Department and SEC prosecutors capture and then punish who are often their friends and colleagues.  Our sense of justice is to tell people if you whistle blow, you can get rich and if necessary go into the witness protection program.

As Americans we have actually come to accept this as an appropriate approach to the pursuit of crimes.

I have great difficulty understanding how we abhor the actions of the children of Germany, but find little ability to speak about whether we want such behavior in our own country.




Wednesday, August 2, 2017

HEALTHCARE - NO TRUTH, NO FIX? PART ONE (ORIGINALLY PUBLISHED 7/10/11)

Let this sink in over and over and over again. According to easily available sources:

A. Half of the population spend little or nothing on health care.
B. 5% of the population spend about half the total amount of health care costs.
C. To put it in clear terms, 5 people in every 100 account for 50% of U.S. health care spending.

It's another example of not putting the real facts on the table because it's politically unpopular. Therefore we waist billions of words and we never solve the problems.

Thursday, July 27, 2017

THERE'S A LOT OF GOOD THINGS GOING ON...(ORIGINALLY PUBLISHED 6/8/12)

Watch the news, pick up a magazine especially newspapers, watch the TV and immerse yourself in the "everythings wrong" philosophy.

The democratic process, with its unbelievable capacity for openness and sharing of thoughts, seems to thrive on conflict. This conflict results in a vibrant Nation that lurches forward with small and gigantic steps.

All around us the pundits of doom sell negativism.

The reality is anything but. The enormous strides made by democracy and capitalism in the last few decades are incomprehensible. Almost every country has seen the standard of living of its people rise. There is no longer a significant chance of slipping back into extreme socialism and communism. All about us the engine of American and World creativity is blossoming into a whole new era that is only at its beginning.

Cars are changing, jet planes are making huge strides, biotechnology is still alive and well. The immensity of the Internet and all the companies that are continually being spawned is almost too much to grasp. Old industrial America is stabilizing. Revolution in America is not realistic for many years, if ever.

Markets get ahead of themselves, competition for profits is intense and there is a continuum of winners and losers in most spheres of life. The government in all its confusion functions. There is an awareness that so many major components of our democracy need revitalization. So all is not lost.

The market doubled too quickly from its lows. No one I know bet the house on 1 1/2% 10 year government bonds. Most observers are focused on everything but the real picture.

The real picture is our ingenuity. The fact is that most people go to work everyday and most enjoy their jobs.

The deficits will not sink the ship (although they should be brought down). Europe will not sink. Greece will still be there and so will Spain. And Russia, with all its recalcitrance will not do anything stupid. So seek your opportunity, use common sense, pay attention to what you are doing and praise the fact that everyday there is opportunity.

Sunday, July 2, 2017

FAKE MEDIA - THE REAL STORY (ORIGINALLY PUBLISHED 2/527/17)

This is by far the most important blog we have written in the six years of the existence of our site.

There is no such thing as the free press and media.  There are however less than a dozen large companies that control practically all of the TV stations, radio stations, Internet access, newspapers, etc.

They are Disney, Viacom, Comcast, CBS, Fox and half a dozen others.

These are companies whose sole objective is to increase the value of their shares by attention getting words and pictures.

ALL OF THE PEOPLE WE SEE ON TV ARE ACTORS AND EMPLOYEES OF THESE LARGE CORPORATIONS.  THEY ALL WORK FOR A HIERARCHY OF MANAGERS AND MUST ADHERE TO THE CORPORATE POLICIES AS SET FORTH BY THE CHIEF EXECUTIVE OFFICER, THE BOARD OF DIRECTORS AND THE CONTROLLING SHAREHOLDERS.

In addition, almost all the so-called media are reading from teleprompters words that are produced and written by people in the back room probably with an average age of less than 40.

A small group of executives control the media so when President Trump says fake media he is not too far off base.

I will close with one example. In the New York Times Sunday Magazine section dated February 26, 2017 there was an article about the increase in private school enrollment..  If you look at the statistics in the enrollment in private schools you will  find the left wing writer made up the story based on completely inaccurate facts. Private school enrollment is down.  A perfect example of completely fake news.

So when you are watching TV or reading the news,  it is not free speech it is entertainment.

If you really want to get confused, remember that CNBC really should not be in the business of giving investment advice to the public.  What an abomination.  

Monday, June 5, 2017

TERROR ..THE TRUE AND ONLY STORY..(ORIG. PUBLISHED 7/11/14)

What looks like scattered chaos is really an expansion of the Arab "Plan of Phases" manifesto.

Knowing that it was unlikely than any coalition of  terrorist groups could militarily defeat democracy, the plan was expanded.

In essence it says that it will keep on attacking, through one means or another, for so  long a period of time as is necessary so that ultimately capitalism  would collapse from within, as the left and the right can no longer find common ground.

President Obama's appeasement policies have helped expand the "plan of phases" so that it will become worldwide.

It looks as if we just didn't provide enough help to Syria, Iraq, Afghanistan, Libya and our southern borders.  The reality is that a vast plan has been developing for years where a slow and steady encroachment of our preferred way of life would be under assault from an increasing number of directions.

We have had to create the transportation safety department, increase the NSA surveillance, face immense problems on our borders and are finding that every where we have left militarily the opportunity for the "bad guys" to annoy us has been increased.

It's unfortunate that we are in such a position.  Look at it this way.  Israel does not want to be in its continual state of military and security preparedness, but it is.  President Obama's policy of retreat has failed.  Every day that passes it's becoming more probable that the risk of reversing the plan of phases against us will be higher and higher.

This didn't start on 9/11, it's been in the planing stage for real long time.




 

Shepard Osherow. All Rights Reserved