by Charles Ornstein , Tracy Weber and Dan Nguyen
ProPublica, Dec. 22, 2010, 1:36 p.m.
Today we’ve added another $13 million in payments to our Dollars for Docs database of drug-company spending on doctors and other health professionals. That brings the total to nearly $295 million.
ProPublica launched Dollars for Docs in October, creating the most accessible accounting yet of pharmaceutical payments to doctors for speaking, consulting and other duties. It includes disclosures from Eli Lilly & Co., AstraZeneca, GlaxoSmithKline, Johnson & Johnson, Merck & Co., Pfizer and Cephalon for various periods of 2009 and 2010.
The new payments were made by Glaxo and Ortho-McNeil, a division of Johnson & Johnson, in the third quarter of this year. Other Johnson & Johnson subsidiaries have yet to update spending totals beyond the first quarter.
Interestingly, Glaxo’s spending on speaking and consulting dropped markedly in the third quarter compared to its average in prior quarters. In the past, the company paid large amounts to doctors to promote its diabetes drug Avandia. But the U.S. Food and Drug Administration severely restricted the drug’s use in September amid concerns about its heart attack risks.
By Simon Johnson, co-author of 13 Bankers (out in paperback on Monday)
Baseline Scenario, 9 January 2011
Highlighted extracts:
The Bill Daley Problem is completely bipartisan – it shows us the White House fails to understand that, at the heart of our economy, we have a huge time bomb.
…largest U.S. banks – have far too little equity and far too much debt relative to that thin level of equity…
Today’s most dangerous government sponsored enterprises are the largest six bank holding companies: JP Morgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley.
No one can show significant social benefits from the increase in bank size, leverage, and overall riskiness over the past 15 years. The social costs of these banks – and their complete capture of the regulatory apparatus – are apparent in the worst recession and slowest recovery since the 1930s.
Paul Volcker gets it; no wonder he has resigned. Mervyn King, governor of the Bank of England, gets it. Tom Hoenig, president of the Kansas City Fed, gets it. Elizabeth Warren, the tireless champion of consumer rights, gets it. Gene Fama, father of the efficient financial markets view, gets it better than anyone.
Phi Beta Iota: Our generous and well-intentioned philanthropists appear to be unaware that the Federal Reserve, Morgan Chase, and Citi-Bank have pulled a Bernie Maddoff on them–they think they are being “taken care of” at the very moment when everything they have worked so hard for is most vulnerable to a massive melt-down. The control of the President's mind and time is the ultimate victory for anyone seeking to control the White House. It is “checkmate” against We the People. None of the bureaucracies in the Executive–and certainly not the so-called “intelligence community”– are capable of rescuing the President–he is a happy captive.
Using the tools of corporations to reprogram global society and distribute a new cultural operating system
Image byfdcomite, courtesy of Creative Commons license.
Now that the Evolver network and brand have established themselves to a certain extent, I want to look ahead to developments I hope to see in the near future, with this organization and other initiatives. For the next phase of development, I propose the term “business shamanism.” “Corporate alchemy” would be a viable alternative.
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We tend to forget that Roosevelt's New Deal was not a good-hearted gift to the working classes but a compromise to stave off mass uprising. The current oligarchy has determined that it will make no such deal this time around. I suspect they assume that the pulverizing of the populace with mind-numbing media, psychotropic drugs, police state tactics, and poison food had the desired effect. And they may be right.
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Phi Beta Iota: Below the line are excerpts. Click on the title to read the entire rant. The author is educated and thoughtful, his rant is provoking and worth studying.
EXTRACT: With the Citizens United Supreme Court decision (certainly one of the ten most consequential rulings in the court's history), all pretense of restraint is gone. The reader can see just how unrestrained in the January 1 edition of the Washington Post. The article recounts the adventures of one Gena Bell, a declassé Ohioan of modest intellectual gifts balanced by an unbounded anger over a sense of entitlement slipping through her fingers. Otherwise a very unremarkable individual, made remarkable only by the fact that the Koch brothers, through the front group Americans for Prosperity, paid for her to demonstrate against the United Nations climate change summit in Cancun, Mexico.
The book is a history of the largest military contractor in U.S. history, Lockheed Martin. Hartung argues that with 25 billion dollars annually in Defense Department contracts, Lockheed Martin's reach into American life is extensive and largely unknown, including creation of satellites used to spy on the phone calls of American citizens. He discusses the company's size, scope and influence with Pierre Sprey, father of the A-10 and F-16 military aircraft and a well-known thorn in the Pentagon's side. Chuck
William Hartung
Mr. Hartung is the director of the Arms and Security Initiative at the New America Foundation. He is the author of How Much are You Making on the War Daddy? and And Weapons for All. He's written for the Washington Post, the New York Times, the Los Angeles Times and The Nation magazine.
And this for those still trying to believe in the “enlightenment model,” some lowest-common-denominator and somewhat overstated evolutionary psychology:
Business Shamanism
