• Tips gratefully accepted here. Thanks!:

  • Recent Comments

    paper doll on Krugman and I differ on O…
    Isabel Archer on Fully Raw Cannibals and My Oba…
    r u reddy on Krugman and I differ on O…
    mellon on Krugman and I differ on O…
    katiebird on “Keep Going”
    Yet Another Shoddy D… on Fully Raw Cannibals and My Oba…
    mellon on Krugman and I differ on O…
    Joseph Cannon on “Keep Going”
    Valentine Bonnaire on “Keep Going”
    r u reddy on Krugman and I differ on O…
    Chris S. on Krugman and I differ on O…
    Rangoon78 on Fully Raw Cannibals and My Oba…
    abc on Krugman and I differ on O…
    carol904031 on Krugman and I differ on O…
    Dwight on Krugman and I differ on O…
  • Categories


  • Tags

    abortion Add new tag Afghanistan Al Franken Anglachel Atrios bankers Barack Obama big pharma Bill Clinton cocktails Conflucians Say Dailykos debate Democratic Party Democrats Digby DNC Donna Brazile Economy Elizabeth Warren feminism Florida Fox News General Glenn Beck Glenn Greenwald Goldman Sachs health care Health Care Reform Hillary Clinton Howard Dean Joe Biden John Edwards John McCain Jon Corzine Karl Rove Keith Olbermann Matt Taibbi Media medicare Michelle Obama Michigan misogyny Mitt Romney Morning Edition Morning News Links Nancy Pelosi New Jersey news New York Times NO WE WON'T Obama Obamacare occupy wall street OccupyWallStreet Open thread Paul Krugman Politics Presidential Election 2008 PUMA racism Republicans Sarah Palin sexism Single Payer snark Social Security Supreme Court Terry Gross Tim Geithner unemployment Wall Street WikiLeaks women
  • Archives

  • History

    July 2013
    S M T W T F S
    « Jun   Aug »
     123456
    78910111213
    14151617181920
    21222324252627
    28293031  
  • RSS Paul Krugman: Conscience of a Liberal

  • The Confluence

    The Confluence

  • RSS Suburban Guerrilla

    • Krugman on Gordon Gekko’s daughter and America’s inherited wealth problem
      In this clip, economist Paul Krugman tells Bill that America is on the road to becoming a society controlled not by self-made men or women, but by their offspring. “Those of you who talk about the 1 percent, you don’t really get what’s going on. You’re living in the past. You’re living in the ’80s. […]
  • RSS Ian Welsh

    • Clown College as the Ukrainian military effort “sputters”
      The Ukrainian military clearly doesn’t care enough to actually fight: The day began inauspiciously for Ukrainian forces as they sought to establish an operating base in the city of Kramatorsk, moving in units from a nearby military air base. According to Ukraine’s Defense Ministry and a witness who spoke by phone, a column of six [...]
  • Top Posts

What’s wrong with these people, er, this picture?

Screen Shot 2013-07-19 at 7.18.27 AM

Oo! Oo!  I know how to fix this!  Maybe we can take the fines from the banks like Chase, who now consider fines just protection money they have to pay so they can keep doing what they want, and use it to make Detroit solvent.  Or would we hear whining from Wall Street that it is unfaaaaair to redistribute our country’s tax dollars to the unworthy?

Assholes

****************************************

In another story of bad deed doing, Glaxo Smith Kline (GSK) is creating an international incident in China where it has been accused of bribing government officials and doctors with about $500 million in order to raise the price of their prescription drugs.  Note that it was probably the testosterone and amphetamine soaked sales department that came up with this brilliant idea.  Now, China is forbidding GSK’s finance director from leaving the country.  What a splendid idea!  Maybe we should send all of our misbehaving finance directors to China.  Derek Lowe has more on the story.

If I recall correctly, the GSK research site in Shanghai was also accused of some falsification of data that lead to publications being pulled from Nature.  Hey, the management in China wanted to show it could get publications in Nature so it did- by lying.  For a brief time there, the Shanghai site was probably held up as a model of research brilliance by the executive class to all of the other global, loser “centers of excellence” at GSK.  That ought to give the King of Prussia, PA site a nice warm and fuzzy feeling.  We shouldn’t be surprised by the China syndrome.  One of my Chinese colleagues told me that China wasn’t like the US in terms of business infrastructure and relatively low levels of corruption but that only time would prove to the executive class that China wasn’t ready for a world class research industry.

It’s also GSK that proposed to pay their scientists million dollar bonuses if a drug candidate goes blockbuster.  Read Derek Lowe’s post on the topic for a run down of why this is a phenomenally bad idea.

GSK, this week’s poster child.

About these ads

5 Responses

  1. I wonder how much impact the foreclosure crises has had on city finances. I think I read somewhere that banks don’t pay property tax?? If that’s true, In a city like Detroit with HUGE numbers of foreclosed houses that could be devastating.

  2. Belated congrats on landing a job, hope there are no MBA suits around to stink up the joint.

    Where I work has a presence in China, wonder how many conflicts with our code of conduct there are?

    I used sections of the code to have Fox News and MSNBC taken off the TV in our cafeteria.

    • I forgot that there was an incident where testing for heavy metal contamination in the paint and plating on children’s toys led one manufacturer to have all such testing done in the U S.

      Then there was that incident a few years back where wheat gluten imported from China into Canada used in pet food was killing off house pets.

  3. In the mind of Wall Street CEOS:
    Banks = worthy
    Everyone else = unworthy

    Best wishes on your new job.

Comments are closed.

Follow

Get every new post delivered to your Inbox.

Join 415 other followers

%d bloggers like this: