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Thought provoking posting to say the least...
http://www.siliconinvestor.com/readmsg.aspx?msgid=28246974
"If the 80% are not willing to sacrifice the 20%, and STOP the .01%, ALL 99.99% will perish, or wish they had, before the .01% are done playing their new game..."
To: SliderOnTheBlack who wrote (26115) 7/5/2012 1:43:52 AM
From: SOROS 1 Recommendation Read Replies (1) of 26132
Without saying "Life is not fair, and it is certainly not equal," they will never fix the problems, and the nation and world will eventually economically collapse.
Everything is not a RIGHT, just because a person is born. There are people born in Africa every day who will have a life of hunger, sickness, and early death, as will many others around the world.
To say that in America, everyone born in the country, as well as everyone who makes their way into the borders legally or illegally, is entitled to education, healthcare, housing, and food is not only unrealistic, it is suicide.
LIFE IS NOT FAIR. If governments attempt to make it so, they will eventually destroy what has made America be able to at least provide a higher standard of living for a much greater percentage of the population than any country in the world.
Will there still be those with not enough to eat and no medical care? Absolutely. But would most Americans rather see 10-20% not have the necessities, or would they like to see .01% have wealth beyond their dreams, while 99.99% have their standard of living brought down, or up (for the 10-20% on poverty now) to a level that is just above the poor in other countries?
The gov't can only raise about 2.5-3 trillion a year. The budget, with keeping approximately 20% of the people in poverty, and without having healthcare as a basic "right" of life, is about the same amount. However, I believe about 2.5-3 trillion is spent EVERY YEAR on healthcare in the US. The math does not support giving healthcare to every person living in the country. If you do, then you go in the hole 2 trillion every year and face economic calamity soon, while at the same time, lowering the standard of living and the quality of health care for the approximately 80% of the people who do have it.
No one wants pain, and that is why the country and world face calamity. The needs of the many (80%) MUST outweigh the needs of the few (20%). If the gov't steps in to try and change what cannot be done mathematically, by printing money from paper and diluting the world's currency, disaster will not just happen to 20%, but it will come to 99.99%!
The real kicker in this is that that 20% in poverty would be less, because there would always be charity, and Americans, if not overly-burdened by a gov't wanting to steal all they earn, WOULD take care of those in need, like they have for 200 years. Perfect? No. But WAY closer to it than ANY other country in the world.
Do the .01% care? Heck no. They are bored with life and everything that having too much money can buy, so they love playing this game with the sheeple's lives.
It is simple entertainment for them! That is the point the sheeple do not understand! Wealth, like to the Hollywood stars, brings boredom eventually. Then it's drugs, divorce, and all kinds of damaging activities. For the .01%, this push to total socialism under THEIR control, is their illegal drug! To be able to play a real-time game with billions of people's lives must be a hoot for them. "Let's kill off this group." "Let's drop healthcare for this sect." "Let's wage war on this people." "Let's see what happens IF we DO this?" GREAT FUN FOR THE PSYCHO-PATHETIC RICH OF THE WORLD!
If the 80% are not willing to sacrifice the 20%, and STOP the .01%, ALL 99.99% will perish, or wish they had, before the .01% are done playing their new game.
Just came to me; short fellow, white hair, baton in his right hand standing on the Hatch Shell...Arthur Fiedler.
What's an esplanade? Something in front of the Hatch Shell?
Futures volume quiet. Looking a bit lower for a while.
Yup. A blanket at he esplanade, lying on our backs, looking skyward. The final "song," The William Tell Overture if memory serves was stirring, anticipated, terrific. Many years ago.
Thanks for sharing that...neat stuff...good memories.
pants
OK this works but v small screen
I should leave this for the high techies- I'm like Lee with this stuff.
http://boston.cbslocal.com/2011/07/04/revelers-scoop-up-best-spots-for-boston-pops-july-4th-spectacular/
OK Good advise Lee I am walking to the fireworks now with my northern Ireland friend from the building. Walk and watch- very efficient.
I'm southern Irish, and over religion we quarrel- kind of like this board.
Then I will watch from my high rise- able to see dozens of displays. And will watch the link to the Boston fireworks for nostalgia.
I bet you've been at the Esplanade for the Pops and fireworks.
MG
Oro Mining Update on Proposed Wexford Offer
VANCOUVER, BRITISH COLUMBIA--(Marketwire -07/03/12)- As disclosed in Oro Mining Ltd.'s ("Oro" or the "Company") (OGR.V; OTC:OMRGF) press release of June 14, 2012, the Board of Directors of the Company have established a Special Committee of independent directors to review and consider the proposed unsolicited takeover bid announced by Wexford Capital LP ("Wexford") to acquire any and all outstanding common shares of the Company at a cash price of $0.11 per common share. The Special Committee's review of the proposed offer is ongoing and final conclusions or recommendations have not yet been reached; however, the Special Committee wishes to keep shareholders and market participants apprised of developments in its review.
The Special Committee has engaged Ross Glanville & Associates Ltd. ("Ross Glanville") of Vancouver to provide an opinion on the financial adequacy of the proposed offer. While Ross Glanville's opinion has not been finalized, it has advised the Special Committee that, based on its preliminary assessment, the consideration proposed to be offered by Wexford to Oro shareholders is financially inadequate. The Special Committee also wishes to advise that, based on its review to date, its preliminary view is that the proposed Wexford unsolicited offer significantly undervalues the shares of Oro, is highly opportunistic in terms of timing and is clearly intended to take advantage of the pervasive fear that has existed in the market for junior resource companies over the last several months. The Special Committee also wishes to confirm that the Company has not, and presently has no intention to, provide support to Wexford in any form in connection with its proposed offer.
The Company again advises Oro shareholders not to deposit any Oro common shares to any offer made by Wexford and not to take any action concerning the possible Wexford offer until Oro shareholders have received further communication from the Board of Directors of Oro. In the event that an actual offer is made, the Board of Directors of Oro will issue a directors' circular concerning the offer. The directors' circular will contain important information including the determination of the Board of Directors of Oro with respect to a recommendation to Oro shareholders.
About Oro Mining
Oro Mining is a publicly-listed company on the TSX Venture Exchange with properties located in Sinaloa and Zacatecas, Mexico. Oro's priority is to advance its properties toward production. The La Trinidad property, which hosts the Taunus gold deposit, continues to be the priority focus of the Company's development activities. A complete NI 43-101 resource estimate and preliminary economic assessment for the Taunus deposit can be found at http://www.sedar.com or at http://www.oromining.com.
On behalf of the Board
Robert Kendrick, Chairman
Contact:
Oro Mining Ltd.
Robert Kendrick
Chairman
(604) 646-1580
(604) 642-2411 (FAX)
communications@oromining.com
http://finance.yahoo.com/news/oro-mining-proposed-wexford-offer-192500545.html
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
ORO MINING responds to wexford announcement
June 14, 2012
http://www.oromining.com/section.asp?pageid=21758
Boston Pops Orchestra/fireworks tonight! (link)
Live streaming of America's popular July 4th orchestra with guest Jennifer Hudson.
Spectacular fireworks display!
Starts at 10:00 PM eastern/9:00 central
http://www.cbs.com/specials/boston_pops/
The Boston "Pops" is the Boston Symphony Orchestra's summer orchestra featuring light, classical music. The "Pops" plays outdoor at the "Hatch Shell" in downtown Boston along the Charles River, and also at Tanglewood in the Berkshire Mountains of Massachusetts.
Before renown from film compositions (Star Wars, Indiana Jones, etc), John Williams was the conductor of the Pops for fifteen years.
The Pops have sold more commercial recordings than any orchestra in the world.
For twenty three years I had the perfect pied a terre a stone-throw from the Hatch Shell and could just open the window to fill the room with music. I miss it as I write here in Miami- but I don't miss Nov-Mar, lol!
Happy Fourth of July!
MG
http://en.wikipedia.org/wiki/File:Boston_Pops_Esplanade_Orchestra_2005-07-04.jpg
$3 oil would lower prices of many, many things. Sure would help us.
In my day, your ethnic culture was always used in the first sentence, like what are you, german, or english, and I said both. My father was English, and my mother German, but her family arrived in 1881, if you came in 1950, like my next door neighbors did, then it was a brand new issue.
My mother disliked almost everyone, while my father enjoyed everyone, even our neighbors who were Hitler youth children, and fought in World War II, my father couldn't care less. I think that was because after being in Normandy and going to Berlin he saw too much devastation.
Took me a lifetime to get him to open up about the war, and even when he did, he tried his very best to remember the nicer things, like liberties in Paris, a few extra days in Switzerland, and his days in England having tea and dancing at the USO. He did manage to tell me many stories before he died, drinking wine in the cellar during a bombing, and an archway at a blown up Hotel when a sniper had him in his sight.
Anyone' life is always there own, you can either make good, or bad out of almost any situation, the day they removed my lung was one of my best days, I learned how to breath again, still brings a smile to my face.
Warren Haynes and Dave schools stoned me soulshine
Maybe Suzy has cracked you over the head once too many times with that frying pan.
World banking domination is interesting, think we are already there, but what are living wills for those banks. Allowing them to die, but they keep on controlling everything from the grave.
Think of what could be done with millions and millions of telephone poles; Wood to help generate electricity, logs for rafts, and toothpicks! Enough toothpicks to do away with dental floss. And all the Polish jokes! Enough for a "roast." "How many poles does it take to....." Don't get in an uproar any of you poles. I'm Jewish/Yiddish. You can talk about my nose and I'll take no umbrage. Time to lighten up a bit.
Verily, empty. But not surprised
Distressed Lee? About Libor and its link to Global World Banker domination?
Hmmm...
Happy 4th of July ;)
I think we have a glut of oil. Invade Iran, [they've got gazilions of barrels of oil] Then we'll see oil at $3 a gallon, or less.
Selected gold and silver stocks had a nice day yesterday, seems like these investments have not quite lost there luster.
AG, AUY, GG, NEM, and many others for anyone to check.
Natural Gas looks to be challenging that $ 3.00 area soon, if it can get above it, coal might come back into play.
ACI, ANR, BTU are a few to watch.
Oil stocks have come back to life again, not quite sure how this latest emabrgo of Iranian oil will play out.
Saw something on the news late yesterday about " living wills" for the biggest banks, stii trying to understand that one.
Looking to be another 100 degree down here in the south, getting very dry outside, and almost impossible for some of us to go outside anymore.
"A little wind storm" he says. That's like saying Bill Buckner made a little boo-boo in '86 when the ball skipped past him.
Telephone poles and above-ground wires that can snap like a twig must go....underground, like cable systems.
You get safety from little or large wind storms, a new industry and a lotta jobs for an awful lot of people for a long time.
First goes the stock, then comes the news...usually, eh Gent?
10 sobering realizations the Eastern U.S. power grid failure is teaching us about a real collapse
Sunday, July 01, 2012
by Mike Adams, the Health Ranger
Editor of NaturalNews.com (See all articles...)
Learn more: http://www.naturalnews.com/036355_natural_disaster_power_grid_preparedness.html#ixzz1zbXXu5RS
<In the wake of violent storms, the power remains out today for millions of Americans across several U.S. states. Governors of Virginia, West Virginia and Ohio have declared a state of emergency. Over a dozen people are now confirmed dead, and millions are sweltering in blistering temperatures while having no air conditioning or refrigeration. As their frozen foods melt into processed goo, they're waking up to a few lessons that we would all be wise to remember.
See some shocking photos of recent weather events, including a trampoline strung over power lines at:
http://www.accuweather.com/en/weather-news/shocking-images-follow-sup...
Here are 10 hard lessons we're all learning (or re-learning, as the case may be) as we watch this situation unfold:
#1) The power grid is ridiculously vulnerable to disruptions and failureAll it takes is Mother Nature unleashing a little wind storm, and entire human cities are cut off from their power grid. Wind and trees, in other words, can destroy in seconds what takes humans years to construct.
#2) Without electricity, acquiring food and water in a major U.S. city can become a difficult taskRight now, masses of people across the Eastern U.S. are scrambling to try to find food and water. Fortunately for them, malls and gas stations are open, providing (processed) food, water and air conditioning. That's because the power outages are fragmented, affecting some neighborhoods but not others.
In a total grid down scenario, food and water supplies in a given U.S. city will disappear almost overnight. It's much the same for gasoline, batteries and even ammunition. All these supplies (and many more) will simply be stripped from the shelves.
#3) Most people are simply not prepared and therefore worsen any crisisThe average American citizen practices zero preparedness. They are 100% dependent on the power grid, the city water supply, and long-distance food deliveries to their grocery store. They have no backup plans, no stored food, no emergency mindset and no hope of surviving a real crisis. All they know to do is call 911 when something goes wrong... and 911 simply won't be there.
As a result, their lack of preparedness worsens any crisis. Instead of being part of the solution, these people become a burden on all the emergency services and supplies desperately needed across the region.
Hilariously, today's city goers actually consider malls and movie theaters to be places of refuge. As Fox News reported today, "On Saturday, many people flocked to places like malls and movie theaters in the hope the lights would be on again when they returned home." ( http://www.foxnews.com/us/2012/07/01/millions-without-power-brace-for...)
#4) Cell phones are a fragile technology that can't be counted on in an emergencyOne of the more interesting observations about the current crisis is that many cell phone towers are out of service. That's because they have no electricity and / or they have been damaged by wind or debris.
As a result, people who depend on cell phones for their lifeline to friends, relatives and 911 emergency services were suddenly left with non-functioning devices. Even in areas where cell phone towers were still operating, many people had no place to charge their phones because their own homes were cut off from electricity.
When the grid is up, and there are no storms, solar flares or disruptions, cell phones are truly amazing devices, but they are vulnerable to even small-scale natural events, and they therefore cannot be relied on when you need them most.
#5) The internet is wildly vulnerable to natural disastersAccording to news reports, these storms took down a portion of the Amazon Cloud, and this in turn shut down Netflix, Pinterest and Instagram. Those services have now been restored, but they were offline for several hours during which many of their users no doubt thought the world was coming to an end.
#6) The government uses every crisis to try to tell everybody what to doConsider this quote about the CDC telling people what to do:
"The U.S. Centers of Disease Control and Prevention was among many government agencies trying to keep people informed -- from knowing when the food in your suddenly inoperable freezer can't be eaten to taking a cool bath if you don't have AC." ( http://www.cnn.com/2012/06/30/us/extreme-heat/index.html)
Seriously? Does the government have to tell people to take a cool bath in order to avoid overheating? Do people not know when food has spoiled? And even more strangely, is it now the role of the U.S. government to tell everybody what to do in every emergency?
Whatever happened to common sense? I can tell you what: It moved out to the country.
Out in the country of Texas, Georgia, Kentucky and just about everywhere else, ranchers and farmers still have common sense. They know about backup water supplies, and they can figure things out for themselves. It seems to be city people who need the most instructions from Washington D.C. because many of them have forgotten the fundamental skills of human survival. Their lives depend entirely on the grid.
#7) 911 and other emergency services are quickly overwhelmedAccording to MSNBC:
In Washington's northern Virginia suburbs, emergency 911 call centers were out of service; residents were told to call local police and fire departments. Huge trees toppled across streets in the nation's capital, crumpling cars. Cellphone and Internet service was spotty, gas stations shut down and residents were urged to conserve water.
( http://www.msnbc.msn.com/id/48032427/ns/weather/)
Fortunately, there have so far been no reports of outbreaks of violence or social unrest. But that's a timing issue: If the power stays off for another few days, and food and water remain hard to come by, the "politeness" of society quickly erodes and you end up with desperate people doing desperate things. Calling 911 is, of course, completely useless. This is a scenario where home defense and self defense skills can truly be lifesaving.
#8) A national grid-down situation would be far more complex to repairThe recent storms that caused this "grid down" situation for millions of Americans was a local event, and its repair and restoration has been aided by workers arriving from outside the affected regions. In a national grid down scenario, however, there will be no excess human capital to lend to the situation. Every worker will be busy trying to restore the power grid in their own home regions.
This means repairs will take significantly longer, and according to some experts like David Chalk and James Wesley Rawles, a national grid down scenario has the potential of being unable to be repaired at all, resulting in years of no power grid which would obviously unleash mass death across the U.S. population.
Across all fifty U.S. states, only Texas has its own independent power grid, and even that grid has been strained by recent high temperatures.
#9) Many emergencies arrive unannouncedThe Eastern seaboard of the USA was shocked by this recent "derecho" wind storm. Unlike a hurricane which approaches over a period of several days, this derecho event arrived without notice and struck without warning.
This is yet another reminder to be prepared at ALL times because many events arrive with no notice whatsoever. The power grid can be taken down by an EMP weapon ( http://www.naturalnews.com/034344_EMP_weapons_electronics_modern_civi...), and a sufficiently strong solar flare could unleash hundreds of nuclear meltdowns across the planet ( http://www.naturalnews.com/033564_solar_flares_nuclear_power_plants.h...). These and other events would strike with virtually no warning. If you don't already have gas in the tank, a "go bag" ready to rock, and your self defense skills fine tuned, you may be caught unprepared.
#10) Mother Nature will humble humanityAny time human beings get too arrogant and too big-headed about all their amazing cell phone technology, hi-rise cities and nuclear power plants, Mother Nature just shrugs and sends forth a tsunami of water or wind as a subtle reminder to stay humble. All of humanity's greatest constructs are but fragile toys to the truly awesome power of Mother Nature and the resilience of planet Earth.
If the power grid goes down across planet Earth for just one year, 90% of human civilization will perish, and along with it all the DVDs, Nike shoes and designer bling as well. Even the entire fictional construct of society's laws and banking system will cease to exist. That's because they were all fictional to begin with.
Mother Nature is real. Consciousness is real. Seeds are real. But much of what humanity has so far created is paper-thin and temporary. It can all cease to exist in the blink of a cosmic eye. There is nothing humanity has yet done that contributes anything notable to the universe. We are but specks of irrelevant dust against a backdrop of a beautifully woven tapestry of life, energy and consciousness. If the universe is keeping score of lasting achievement, human civilization has still not risen above zero.
We are fragile beings exploring a sea of such greatness and scale that our own lives seem silly by comparison. What humans think of as a natural "disaster" is but a tiny expression of natural patterns to Mother Nature. If we truly hope to survive as a species, we would be wise to remember how insignificant we really are in the greater scope of things... and why we must learn to respect nature and the universe rather than arrogantly thinking we have conquered it with GMOs, nuclear power and a supercollider.
Humanity has much to learn and much to demonstrate before we count for anything. Only through humility do we even stand a chance of seeking to gain that understanding rather than destroying ourselves from runaway "scientific" arrogance.>
The two websites:
http://readynutrition.com/
http://www.naturalnews.com/index.html
Which Big Pharma Will Own the Next Weight Loss Blockbuster?
By Reza Ganjavi for The Motley Fool- July 2, 2012|
Reza is a member of The Motley Fool Blog Network -- entries represent the personal opinions of our bloggers and are not formally edited.
http://stockcharts.com/h-sc/ui?s=ARNA
Speculations are abundant around who and when Arena Pharmaceuticals (NASDAQ: ARNA) will be bought out. Most investors I've talked to believe a buyout is inevitable because:
a) Arena has a blockbuster-potential drug just approved by the FDA.
b) Big Pharma is in dire need of a lucrative acquisition to boost its pipeline. According to PricewaterhouseCoopers, by 2015 the top 10 Big Pharma companies stand to lose up to 40 percent of their revenue due to generics.
c) Arena sells pills that require simple distribution, unlike therapies like Dendreon's.
d) Arena is grossly undervalued.
e) Arena owns all its intellectual property rights globally.
Cash-rich and pipeline-starved Big Pharma is looking for good deals and Arena seems to be a delicious target.
Business Week quoted Stephen Brozak, president of WBB Securities:
“In every single board room, you have instructions from the chairmen and chairwomen to the chief scientific officers to ‘Find me something like Arena with freedom to operate and without the licensing agreements.’
According to Sierra World Equity Review, Pfizer (NYSE: PFE) "is already talking to Arena Pharmaceuticals."
The prospect for a bidding war is strong. Besides Pfizer, a number of other pharmaceuticals may join the race to take over Arena, including Arena's own Japanese partner, Eisai, Johnson & Johnson (NYSE: JNJ), Bristol-Myers Squibb (NYSE: BMY), and others.
BMS has just announced a deal to acquire diabetes drug maker Amylin Pharmaceuticals (NASDAQ: AMLN) in a $7 billion deal that includes covering Amylin's net debt and a contractual payment obligation to Eli Lilly. I anticipate a number of Big Pharmas will be talking with Arena in the coming months and I have every confidence that Arena's seasoned CEO, Jack Leif, will negotiate a great deal for the shareholders.
Eisai has a "standstill agreement" with Arena that prevents Eisai from purchasing Arena unless someone else tries to first. I don't think there will be a shortage of bidders. A couple of doctors I spoke to named Eisai and Pfizer as the most likely candidates. Pfizer has a lot of experience in this market segment, and both companies could use a boost to their pipelines, which are increasingly challenged by generics, especially Eisai's. To quote a dear friend and Arena scholar James "Danny" Stevens:
"Pfizer, through aggressive marketing and selling to the medical community, made Lipitor into a huge blockbuster. It is very possible they see that same potential with BelViq."
Prospects for a short squeeze given the astronomical short interest would further boost the price and inflame the bidding war.
Most of the discussion among investors is not around "if" but "when and how much."
The timing is anybody's guess, but some investors I've talked to believe it could happen before year's end as Big Pharma would be interested in sealing a deal before Arena signs up a European partner so they wouldn't have to deal with Arena plus a third party, if Arena signs up with a distribution partner before a takeover deal.
The NDA Approval Letter indicates the DEA scheduling is already in progress. It seems the company is being conservative in predicting a 4-6 month duration and it could complete sooner. Michael Murphy has predicted Belviq will be available to consumers by Labor Day. I don't think that's an unrealistic assumption given the company has stated they have half-a-billion pills ready to deliver to Eisai.
I found it interesting that Arena's management made it clear in recent public communications that they have not yet chosen a partner for Europe, perhaps implying that people should not assume Eisai is the European partner (as some investors have assumed).
As for the takeover price, it's difficult to say but I don't believe the Board of Directors would accept an offer under $40 per share
Obesity Drug May Be Goldmine For Arena
July 3, 2012 by: Ry Frank for Seeking Alpha
http://stockcharts.com/h-sc/ui?s=ARNA
Arena Pharmaceuticals (ARNA) saw a jump of nearly 30 % in its stock price on the news that the Food and Drug Administration had approved its much-awaited obesity drug, lorcaserin, which Arena has branded Belviq. This is the first anti-obesity drug that the FDA has approved in almost 13 years, as many efforts in this direction by major pharmaceutical companies have been affected by side effects and issues concerning safety. The company CEO said that he believed that this represents a turning point for physicians in the treatment of overweight and obese patients. It is also a landmark for the company which has managed to survive for 15 years without launching a single new product in the market. The company was established in 1997 for the creation of drugs targeting G-protein coupled receptors, and it also has other drugs in development for treating pain, diabetes and other medical conditions. Obesity treatment is the jackpot for Arena.
Obesity has become a major global problem, prompting the CDC in Atlanta to call for it to be classified as a major disease. The Journal of the American Medical Association estimates that nearly 36% of adult Americans can be classified as medically obese, and the numbers are increasing. Obesity is becoming a major issue in Europe and many other parts of the world. This means that lorcaserin has every possibility of becoming a major blockbuster drug. Edward Tenthoff, an equity analyst with Piper Jaffray, has calculated that even a penetration of just over 1% could mean almost $2 billion in sales in the United States. All this money will not find its way into the pockets of Arena because of its partnership agreement with Japanese drug maker Eisai, who will take charge of marketing and share a large portion of the revenues. However, if everything works out according to the plan, Arena would be entitled to receive milestone payments that could amount to as much as $1.2 billion.
Arena had previous problems with the drug when the FDA rejected the initial application in 2010, but it would seem that the additional data supplied by the company has shown less risk than was previously thought. Estimates show that the US weight loss market is worth more than $60 billion and that the market for OTC diet pills and medication is expected to grow at more than 3% annually. This puts Arena in the position of being a company with a multibillion-dollar market cap if they are able to capitalize on the potential of the drug properly. And you should bear in mind that this is a market where Arena will have few competitors and where there is a high barrier to the entry for new medications.
We must not forget that Arena has had competitors hot on its heels who could win FDA approval in the near-term future. Both Vivus (VVUS) and Orexigen Therapeutics (OREX) have spent the last few years developing their diet pills needed to stem the epidemic of obesity in America. Vivus' diet pill, Qnexa, was backed by an FDA advisory panel in February, but the FDA has asked for more data and has delayed the approval until mid July. Orexigen is way behind in the approval process, but the company believes that it will be able to compete effectively even if it is beaten to market by Arena and Vivus.The FDA has moved cautiously in the approval of new weight-loss drugs after the withdrawal of previously approved drugs. Abbott Laboratories (ABT) withdrew diet pill Meridia in 2010 from the market because of mounting concerns about the possibility of heart attack and strokes. The diet-drug combination fen phen was taken off the market in 1997 by American Home Products, now a part of Pfizer (PFE), because of the risk of damage to heart valves.
When you have events with a known date such as an FDA drug approval, the price and volatility of the stock spike as investors take bets on the chances of approval. This can often lead to overvaluation of the stock concerned. Movements can often be 50% in either direction with a large downside if approval is held up for any reason. You only have to look at examples like Amylin Pharmaceuticals (AMLN), which lost half of its value when the FDA did not approve Bydureon as a potential diabetes drug and asked for more testing. Similarly, the FDA rejected the GTx (GTXI) experimental drug to reduce fractures in men with prostate cancer asking for another study to be conducted. The stock subsequently took a beating. There has been plenty of action for Arena stock in anticipation of the FDA approval.
What happens next? When biotechnology companies see a sharp rally in the price following the receipt of an FDA approval, the next step is to make a secondary offering in the market to raise capital on favorable terms. Under the terms of its agreement with Eisai, Arena is required to manufacture and supply the drug from its facility in Switzerland for marketing and distribution in the United States. I think it is logical for Arena to raise more equity. It currently has about $90 million in cash and the same in debt, with total equity of about $45 million. It remains to be seen whether this cash will suffice for its requirements in the immediate future.
With this background, Arena is obviously a desirable stock for investment, and the question is whether it is a good buy now. I do not believe in timing the market and an investment must justify itself on the basis of fundamentals alone. Arena may be slightly overvalued at the moment, but I would still recommend buying this stock. While its competitors are on its heels and the potential of the anti-obesity drug treatment market yet to establish itself, I think now is the best time to get in.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Funny video. The fool actually believed his own propaganda:
http://www.economicpolicyjournal.com/2012/06/krugman-gets-stuffed-trying-to-prove.html
With Total Viewers Sliding To 7 Year Lows, Is CNBC Fading Into Obscurity?
by Tyler Durden
6/27/2012 18:19
In the past 24 hours, some readers have been surprised to learn that as Jeff Reeves of InvestorPlace states, total Q2 CNBC viewership as calculated by Nielsen, has tumbled to to the lowest it has been since Q3 2005. This merely confirms that the trendline in our periodic observations of CNBC traffic was more than merely seasonal or VIX-related: it has been one long secular decline, peaking in the quarter of Lehman's demise and down hill ever since.
Reeves focuses on some specifics:
• Squawk Box (6-9 a.m.) is supposed to prime traders before the bell. The show posted its lowest rated its time block since Q4 2006.
• The Closing Bell (3-5 p.m.) is supposed to wrap up the day’s action. The slot posted its fifth-lowest rating in total viewers and second-lowest ratings in the key 25-54 demographic since 1997.
• Fast Money (5-6 p.m.) is focused almost specifically on swing trading stocks. That time slot showed the lowest rating for the 25-54 demo since 1997 — and lowest in total viewers since Fast Money launched in 2006.
Yet none of the above compares to the Nielsen-sourced data Zero Hedge compiled showing CNBC viewerships since the beginning of 2004.
The chart speaks thousands of words about the shrinking viewer engagement with either CNBC the financial news station, or CNBC the financial news station.
What the clearly chart shows is that despite occasional risk flaring episodes, and a general preponderance of either 'good news' or 'bad news' regimes, the prevailing trendline is one of anti-Gartman proportions: from top left to bottom right.
Reeves attempts to give some explanations of his own explaining this troubling for Comcast trend:
It must be noted that it’s not their fault the market is miserable, and bad ratings don’t necessarily reflect bad shows. After all, we don’t blame builders like Pulte or Lennar for causing the housing crisis with poorly made homes.
It’s also worth noting that many cable networks are experiencing a viewership drain as many younger folks take their eyeballs to the Internet — and CNBC is hardly ignoring the move to online content. Its website gets some 8 million unique visitors every month, and a shrewd partnership with Yahoo! is teaming up the megasite Yahoo Finance with CNBC to tap into an even more massive chunk of the financial media audience.
But for whatever reason, investors are tuning out CNBC on their TV sets. That’s further proof that the market is jaded, that volume will remain low in the summer and that most investors are scared or nervous about what to do next.
Zero Hedge being Zero Hedge will add one more: perhaps CNBC's viewers have gotten tired of getting just one side of the newsflow: the always rosy, and over the past 5 years, always wrong one.
Which also explains the growth of alternative financial media venues: those unconstrained in the type of data they can report on and analyze. More importantly: those unconstrained by what producers scream in their earpiece. In retrospect, they have much to be grateful to CNBC for- if for whatever reason the financial channel was not hemorrhaging eyeballs, there would be no new captive audience to, well, capture.
Finally, whatever the reason for the endless bleed in CNBC viewership one thing we can be sure of: the advertisers - that lifeblood of every media outlet - are certainly not happy.
http://www.zerohedge.com/news/total-viewers-sliding-7-year-lows-cnbc-fading-obscurity
Hi Geoff....
Here's an interesting wrinkle based on Constitutional law.
Hi Miami Gent. Talking to your teens is not gonna do it. Stay outta the car, off the roads. Hitch, if you must. Be well and safe my friend.
I am not freaking out, haven't since the 60's. But I am a bit distressed.
I had been in my train of thought when your post about the blind kids caught me just so. Thanks
My reasoning for relating the two events was due to the "absurdity" of them both.
I don't get the absurdity in the whipped honey situation, but that is probably due to my loving whipped honey. Who cares what the price of that air is. Heheh
Work For A State Or Local Government? Read This
by Karl Denninger
Posted 2012-07-03 12:06
I've tried to warn you all about this if you're a firefighter, cop, teacher or otherwise employed by a state or local government -- you are not going to get your pension!
(Reuters) - U.S. states and localities have run up more than $2 trillion of unfunded pension liabilities, Moody's Investors Service said on Monday, citing data on plans offered by 8,500 local governments and over 14,000 individual entities.
The Wall Street credit agency said that according to its estimate, the total liabilities for fiscal 2010 were more than three times the amount reported by local governments.
http://tinyurl.com/co6qzmz
Read that last sentence again. And again. And again.
You are being lied to. Actively. Intentionally. Repetitively.
The money does not exist to pay those pensions. The governments cannot tax sufficiently to pay those pensions.
You are not going to get your pension.
Oh sure, if you're retired now, or nearly so, you are likely to get a good part of it. But you won't get it all if you've got more than 10 years left (before you die) -- that is, if you're under 70 or so.
Keep threatening, teachers, firefighters and cops. Go on strike. Please. All those threats, protests and strikes demonstrate is that you are demanding that 2 + 2 = 5 -- but no matter how loudly you scream, you can't make it so.
http://market-ticker.org/akcs-www?post=208109
Taibbi: Why is Nobody Freaking Out About the LIBOR Banking Scandal?
By Matt Taibbi
July 3, 9:04 AM ET
Hedge fund manager Kyle Bass on the chaotic world financial situation...
Interview with Catherine Austin Fitts... Euro zone: the centralization battle rages on... no pulled punches.
Interview with Catherine Austin Fitts... Euro zone: the centralization battle rages on... no pulled punches.
July 4 Declared Deadliest Day for Teens and Americans on the Road
BY PR Newswire 2:56 PM ET 07/02/2012
ENGLEWOOD, Colo. Summer is supposed to be a time of celebration for teens and their families with prom, graduation and college on the horizon. Unfortunately, new analysis of crash data from the Insurance Institute for Highway Safety (IIHS) shows that July 4 is the deadliest day for teens on the road and is just as deadly for the motorists that will be driving alongside them.
In the U.S., car crashes are the number one cause of death for everyone ages 1-34, with teens crashing four times more often than any other age group. Based on the latest available data, IIHS reports that more than 800 people were killed on July 4 from 2006-2010, making July one of the deadliest months on the road for drivers. And if the projections remain true this year, an average of 140 people will lose their lives on July 4 due to car crashes. In 2010, Missouri lost 83 due to fatal car crashes during the month of July.
Teens accounted for nearly 10 percent of the fatalities that occur on July 4 and are particularly susceptible to fatal distracted driving incidents. Research from The Allstate Foundation found that 49 percent of teens report that texting is their biggest distraction behind the wheel.
"These tragedies are compounded by the fact that many crashes are preventable," stated Tracie Bibb, a St. Louis-based agent. "Driver error, speeding and distractions are the main causes of crashes, and seemingly simple activities such as switching radio stations or interacting with friends can significantly impair a teen's or adult's ability to react quickly to changing traffic conditions. Staying focused on the road, wearing seat belts and following the speed limit and other road rules are simple steps we can all take this July 4 to make sure that we return home safely."
Currently, legislation that would encourage the states to enact optimal teen driving laws, or Graduated Driver Licensing (GDL) laws, is being considered by Congress as a part of the Surface Transportation Reauthorization bill. GDL policies have been shown to reduce traffic fatalities by as much as 40 percent in the states where they have been adopted. Additionally, recent research from The Allstate Foundation's License to Save report found that comprehensive GDL laws could save an estimated 2,000 lives and $13.6 billion annually.
Allstate (ALL) and The Allstate Foundation urge Americans to do their part in making roads safer for all families during the Independence Day holiday. The Allstate Foundation's website is a great tool for additional facts and resources that can keep everyone safe on America's roads. Parents in particular can take simple steps to help their teens be safer on the road:
For Parents:
Talk to your teen early and often. Discuss the risks and responsibilities of driving with your child at a young age and keep talking to your teen before, during and after the licensing process.
Don't rush the training process. Just because teens have a permit or license doesn't mean they are ready for every driving condition. By easing into the training process, you'll help ensure you and your teen will be ready for any situation.
Understand your state's laws. GDL laws are minimum standards that can help keep teens safer on the road; however, the more that parents are involved in their teen's driving experience, the more likely that teen will be a safer driver and passenger. To help educate parents and teens about the safety measures that keep drivers protected, The Allstate Foundation created a new free Parent-Teen Driving Agreement. The agreement can help parents and their teens make safer decisions when they get behind the wheel and when they ride as passengers with their friends.
Practice what you preach. Be a positive role model when you're behind the wheel. Your teen is more likely to be a calm and courteous driver, wear a seat belt and follow the rules of the road if they see you do the same.
Additional Resources:
X the TXT ® - Pledge not to text and drive, and help reduce distracted driving deaths and injuries. Join the X the TXT movement at www.facebook.com/XtheTXT
Educate your community – Start the conversation about federal legislation that can help make our teens safer on the road. Find out more about the life-saving legislation making its way through Congress at www.facebook.com/save11
Yankee, That reminds me of when I was a kid going to HS my friend and I laughed at his mother for buying Spun Honey. It is just air whipped into honey.
"Yes, thats it put more on, it is half air, ha ha ha" or, "how much extra did you have to pay for the air, heh heh heh".
That to me is what much of the "green" is, just some self indulgence fed to the unwashed masses to distract from what is really going on.
gasohol, ethanol in gas, takes about the same E to produce as are produced. -SUBSIDIZED
Wind Mills, too expensive -SUBSIDIZED
Solar Panels, too expensive -SUBSIDIZED
Hydro Fracture NG production, not so clean as one might think. Plus, NG has properties of great value, namely, quick on/off for peak load on the grid. -SUBSIDIZED (Exempted from much fed reg.)
There is but a fraction of NG reserves compared to coal. With Fracking there has developed a glut of NG, to the point where it competes with coal on price. ~ 2.80$ presently, bottomed at around 2. NG is much higher outside N America, 8-12 dollars in Europe and Asis, expensive to Liquify and Transport.
I have a position in JRCC. I like coal, not sure I picked the right one. This is sort of longer term for me.
http://www.finviz.com/futures_charts.ashx?t=NG&p=w1
http://finance.yahoo.com/q/bc?s=JRCC&t=2y&l=on&z=l&q=l&c=aci%2Canr%2Cbtu%2Cpcx
If Canni still posted here I would have learned about Andy Griffith much earlier today.
ARNA Intriguing post from j_butler195 on the YF mb (no tetanus shot needed for this articulate and informed post)
MG .. http://stockcharts.com/h-sc/ui?s=ARNA
ARNA option scam, manipulation, and buyout! 2-Jul-12 06:51 pm Yes, we all know the manipulation involved with ARNA falling from $13.50 to $9.25 all in the name of options. At a strike of $10, over 50,000 option contracts, mostly calls, expired worthless! What an absolute scam. Think about it. It would only take 500,000 shares or something to that degree sold at market to crash the run and instill fear into a stock where 75% investors are retail. That is why all bear raids have been so effective. Crash the stock, hit the stops, end the run. Drive the price down to pre-approval levels allowing shorts to cover at a smaller than expected loss. Furthermore, brokerage houses were ordered to find shares immediately and pay retail investors at least 15% interest in loaning those shares out. These very same shares that were borrowed were used in each bear raid. I should know. I received a phone call and a letter asking for those shares. I hold a substantial position. Each phone call was followed by a bear raid the following day.
I have seen this time and time again with DNDN and HGSI. The corruption never ends. The oversight is non-existent, yes you SEC! I'm talking about you!
Now that ARNA has established a nice base at $9.25 it is time to move up. Retail investors bought and drove this stock from $1.25 to $12.50 people. Retail investors held through dangerous times, the most dangerous being AdCom.
Now that all uncertainty has been removed, retail investors and institutes are free to return. Buyout of ARNA is in the works, hence no PRs from ARNA mgmt. This is critical to understand. Silent period.
Buy the stock! Do not buy the options. You will get creamed and lose out on a huge announcement.
If you are long the stock, do not sell covered calls!. You will get creamed and lose out on a huge announcement.
I remember Pfizer buying out Warner Lambert back in the day just to get its grubby hands on Lipitor. What a buyout that was. It netted Pfizer tens of billions if not more in profits. A smart investment no doubt. fizer has the infrastructure in place to market lorcaserin effectively. It took Viagra and Lipitor to the moon. It will do the same for Belviq.
Talks have begun. Are you ready? Hold on to your hats and expect the unexpected. Arena mgmt has been rather quiet lately despite FDA approval? Hmmmm...
;)
Thanks for that quote!
Humorous and reminds me of Ray Charles' telling of one of his earliest memories from his childhood. Seems that in a school for the blind, the kids all sat next to their buddies until one day some administrator decided to move white kids to one side and blacks to the other. Since color was an unknown to most of these kids, needless to say it was most bizare to them.
ARNA..it's pregnant with potential, Z- little tussle between the manipulators and the "you know it's going to go" crowds.
I've been enjoying it- doing a few modest DT's daily which keeps my funds in it for that next, quite possibly special move.
It's no anxiety and allowing me to get some other things done.
I wouldn't be short ARNA, in more than one way!
MG
http://stockcharts.com/h-sc/ui?s=ARNA
(Re-printed)
It's fairly obvious that you have no facts gt, otherwise you wouldn't be so bullheaded. Your rediculus reasoning makes no sense.
As I said previously, if the facts are not with you "pound the table". Just keep pounding! Heheh
MHR, KOG, ANR, KBH, NBR, DNR, WTI
stocks being currently held, I like them foir a variety of reasons, but charts usually drive those decisions. How long I will hold them is up to the market, but at least Thursday would be nice, until then.
ACI, and ANR are two coal stocks that have been beaten down for quite some time, ANR has always been my favorite, and I might not like the sector, they just seem to be acting well.
As for happens next belong's to the market, or some high speed machine.
Enjoyed that article, HFT has nothing to do with value, or what a company is worth, they are just machines that drive a price range to take a small profit, some days I watch million os shares get traded, in many stocks, and the movements are just so tight, its like stocks are just being held, or strangled.
Enjoyed that article, HFT has nothing to do with value, or what a company is worth, they are just machines that drive a price range to take a small profit, some days I watch million os shares get traded, in many stocks, and the movements are just so tight, its like stocks are just being held, or strangled.
Richard Russell - Is Anything Safe In Our New World?
July 3, 2012
With continued uncertainty surrounding global markets, the Godfather of newsletter writers, Richard Russell, asked an important and intriguing question, “Is anything completely safe in our new world of central bank fiat paper?” Russell also discussed gold at length, but first, this is what Russell had to say about the action in stocks: “I wanted a mechanical way to follow the secular (primary) bear market. This required a moving average that was insensitive to secondary reactions and also insensitive to cyclical (short-term) bull and bear markets. In other words, I needed a long-term moving average that would portray the primary trend while screening out most minor and secondary movements.”
“After much experimenting, I came up with a 233-week moving average. The chart below starts in the year 1983 and continues to the present. The 233-week moving average is the curved blue line. (233 is a Fibonacci number: 144 + 89 = 233.)
If we are now in a secular bear market, then the 233-week moving average should trend mildly southward. Towards the end of the bear market, the decline in the moving average should accelerate as it heads down.
Russell also had this to say regarding gold: “Gold had been in one of the most fabulous bull markets in history. Each year since 2000 gold has ended higher (see list below) -- this has continued for eleven consecutive years.
2000 -- $273.60
2001 -- $279.00
2002 -- $348.20
2003 -- $416.10
2004 -- $438.40
2005 -- $518.90
2006 -- $638.00
2007 -- $838.00
2008 -- $889.00
2009 -- $1096.50
2010 -- $1421.40
2011 -- $1566.80
2012 -- ?
In 2011 gold ended at 1566.80 on the last day of the year. And I'm wondering whether gold will end this year above 1566. Gold is 1554 now, which means it will have to really ‘step it up’ if it is to surpass 2011's 1566.
If gold can't do it, is the gold bull market over? In my opinion, it is not over. I believe the gold bull market is still intact. If gold cannot make a new high in the year 2012, be prepared to hear the anti-gold element scream to high heaven that the gold bull market is over. They will be wrong. We still have not seen the third speculative phase of the gold bull market, but that phase lies ahead.
Gold surged 54 dollars last Friday, and from the looks of the daily chart below, gold has established strong support around 1550.00
Another question -- what about all the billionaires if fiat money collapses and becomes worthless? If fiat money goes down the drain, what happens to all those people who today claim that they are rich in terms of the millions of dollars they own? In other words, in many cases our wealth is dependent on the viability of fiat money. Is anything completely safe in our new world of central bank fiat paper?”
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/7/3_Richard_Russell_-_Is_Anything_Safe_In_Our_New_World.html
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