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Daily Digest 2/19 - How Pharma-Funded Research Picks Positive Results, The Prison Problem

Tuesday, February 19, 2013, 12:42 PM

Economy

Trial sans Error: How Pharma-Funded Research Cherry-Picks Positive Result (westcoastjan)

We can begin with some recent work: in 2010, three researchers from Harvard and Toronto found all the trials looking at five major classes of drug—antidepressants, ulcer drugs and so on—then measured two key features: were they positive, and were they funded by industry? They found over five hundred trials in total: 85 per cent of the industry-funded studies were positive, but only 50 per cent of the government funded trials were. That’s a very significant difference.

Facebook, The Coolest Cutest Corporate Welfare Queen Of Them All (adam)

Facebook is relying on a single tax break in our glorious corporate tax-dodge code to obtain its negative tax rate: the deductibility of executive and employee stock options. It cut Facebook's federal and state income taxes by $1.03 billion last year - but that was just part of it.

How To Solve Our Unemployment, Economic, and Mortgage Problems (GE Christenson)

We know that Congress has sent stimulus checks to taxpayers in the past. It could be done again. We know that Congress has made some effort to help those struggling with mortgage payments, and Congress has created a huge food stamp (SNAP) and welfare program. Those programs could be expanded.

Hammering Truth Live (Arthur Robey)

Hammering Truth discusses Obama, Banksters, Homeland Security, Bigfoot and more

The Prison Problem (jdargis)

After ordering them coffees, Western, a sociology professor and faculty chair of the Harvard Kennedy School (HKS) Program in Criminal Justice Policy and Management, turns on his tape recorder. “Today is the sixth of November,” he says, setting the recorder down on the table. “My ex-wife’s birthday,” Jerry (not his real name) notes wryly. Western reads out the four-digit number that identifies Jerry for the purposes of the study. “I should play that number in the lottery tonight,” Jerry says.

Energy

Crude Oil Pipelines Planned for the Future (James S.)

In sum, over the past three years, 815,000 bbl/d of new pipeline capacity delivering crude oil to Cushing was added. Over the same period, only 400,000 bbl/d of new pipeline take-away capacity was added. During the next two years an additional 1,190,000 bbl/d of pipeline capacity for delivering crude oil from Canada and the midcontinent to Cushing is planned, but this is balanced by 1,150,000 bbl/d of planned pipeline capacity additions to deliver crude oil from Cushing to the Gulf Coast. In addition, about 830,000 bbl/d of new pipeline capacity is planned to move crude oil directly from the Permian Basin to the Gulf Coast, avoiding the congested Midwest. If this capacity is constructed and fully utilized, waterborne imports to the U.S. Gulf Coast, particularly of light sweet crude oil, could drop significantly.

Energy watchdog Ofgem chief warns of bill rises (westcoastjan)

The BBC's John Moylan says that, while we have heard such warnings before, the difference with this one is that the process is already underway. Plants are already closing, and although planning permission for new ones is out there, nothing is actually being built.

While the shortfall in supply can be filled by increasing gas imports, competing for those supplies on the global market is likely to cost more.

Environment

Herring Return to Bay Area Waters (and Plates) (jdargis)

Local herring on menus is fairly new. The fish were popular during the Gold Rush, and consumption peaked during World War I when they were canned. New immigrants fished them for subsistence until the 1950s, but after that the fish went largely ignored.

Gold & Silver

Click to read the Gold & Silver Digest: 2/18/13

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

5 Comments

saxplayer00o1's picture
saxplayer00o1
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How Fed’s QE exit could be PR nightmare

How Fed’s QE exit could be PR nightmare

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saxplayer00o1
Status: Diamond Member (Offline)
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National Debt of $16.54 trillion (Feb. chart)

Treasure Direct link

The Daily History of the Debt Results

Historical returns from 02/01/2013 through 03/15/2013

The data for the total public debt outstanding is published each business day. If there is no debt value for the date(s) you requested, the value for the preceding business day will be displayed.

( Debt Held by the Public vs. Intragovernmental Holdings )

 

Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
02/01/2013 11,598,372,554,293.94 4,835,407,359,586.40 16,433,779,913,880.34
02/04/2013 11,626,337,288,025.30 4,848,711,110,140.49 16,475,048,398,165.79
02/05/2013 11,625,727,190,868.48 4,855,183,465,735.48 16,480,910,656,603.96
02/06/2013 11,625,346,979,571.39 4,854,607,678,532.18 16,479,954,658,103.57
02/07/2013 11,629,141,154,310.54 4,858,423,143,581.49 16,487,564,297,892.03
02/08/2013 11,629,086,187,262.76 4,859,822,660,565.49 16,488,908,847,828.25
02/11/2013 11,628,591,907,992.80 4,861,338,742,601.35 16,489,930,650,594.15
02/12/2013 11,628,648,227,429.31 4,865,719,111,994.35 16,494,367,339,423.66
02/13/2013 11,668,602,027,147.93 4,855,702,571,931.11 16,524,304,599,079.04
02/14/2013 11,684,037,184,012.31 4,856,763,106,135.15 16,540,800,290,147.46
02/15/2013 11,690,221,227,952.85 4,858,705,577,176.51 16,548,926,805,129.36

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The Simplified Brain.

To make a computer more human it has to be simplified.

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Real Money.

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How Pharma-Funded Research Cherry-Picks Positive Results

The only valid medical trial is a Double-Blind one that is statistically significant.   Meta-Analyses are problematical because they usually do not screen for trial integrity.   Just remeber what the copmany executives did with Vioxx, covering up internal research that indicated a great risk.  What is the solution?   If a company claims it has a valid drug, it MUST be double-blind statistically valid tested by a (2) third parties to sift out the truth.  Of course, the big pharma lobbyists would never aloow this.

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