January and February

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greg wrote:
Let me give 2 cases and then tell me that the drug industry is treated too nice.

a.) Tomorrow night, you and I go out drinking. After several rounds we are telling good stories about being done wrong by an ex-lover. We decide to write a great country song (lose job,love and dog leaves us, pickup won't start) and write it down that night. That is our intellectual property for as long as either of us are alive plus 70 years. No one can use the song for about a hundred years without paying us.

b.) Tomorrow night, we meet each other at a support group for people with a loved one with a terrible disease. We continue to correspond and decidefor both of us to quit our jobs and invest everything that wehave and can borrow to find a new drug to treat this disease. After struggling several years, we develop that drug. That drug is our intellectual property of only 7 years and after that anyone can produce it without paying us a dime.
I see your point but, what if the drug co. overprices the drug that is needed to save life and only the wealthy can afford it?

A song and a life saving drug are really two very different things.
 
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I am learning it is always easier to find holes in any plan/program. It's very hard to find a perfect plan in which no one person or group of people gets the short end of the stick. Fact is that people in other country have real poverty and no medical or drug benefits at all. Thing is everyone has the right to voice their opinion here and this is the only country that I would want to live in.God Bless America;)
 
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We Americans live in a nation where the medical-care system is second to none in the world, unless you count maybe 25 or 30 little scuzzball countries like Scotland that we could vaporize in seconds if we felt like it - Dave Barry
 
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Didn't Scotland just fix their laws so they are similar to Belgium - kids 12 & under can be vaporized by their Own Country without parental permission OR Knowledgement, if so child is determined as not going to have a good quality of life? ...quallity of life as determined by the state.. :sI think they are also considering adding an age limit to how long you can stay on top of the earth after youretire...Belgium, I mean.

AARP magazine just recently had an article on Scotland's welfare program, seems they are now trying to figure out a way to keep aliens from moving in & taking advantage of it -Perhaps We Should look to them to see how to stop paying out SocSec to BorderCrossers.



I know there is a Texas StateSupreme court justice who recently gave a certain cases's opinion that "it is time for the USAto look to the Europeans for models in health & welfare......."

Best of sailing tomorrow - grandma
 
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Grandma,

Here's a final quotefor you. Seems appropriate:

The trouble with America is that there are far too many wide-open spaces surrounded by teeth. -Charles Luckman:^
 
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Well, as long as you DIDN'T say : surrounded Without teeth.:^

then it is okay - :oo

grandma


say - speaking of teeth - did you know there is another health report out that says they have reason to believe that everytime you have a tooth pulled you loose a few braincells? - I don't recall if it refered only to uppers ---:l
 
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Greg,

You don't understand what I'm saying...again.

If youneeded to buy aprescription drug in the USA, you'd pay 4x what you would pay in Canada for the same prescription.

If the drug companies were losing money by selling to Canada, they wouldn't sell it there. So, they are clearly making a profit.

The elderly have established bus trips to go to Canada in order to afford their medications. The response of the drug companies is to say that the drugs of Canada are not to be trusted, even though they are the same drugs made by US companies. If citizens continue to go to Canada, the drug companies have been pressuring the government to make it illegal to bring drugs from other countries into the USA.

Think about it.
 
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By coincidence I received this quote from a relative today. Thought I would share it.

Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."

- Ronald Reagan

 
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saraho wrote:
In the past, cartels were controlled by the government because they essentially are a monopoly...getting whatever price they want. This government supports the drug industry's excessively inflated drug prices. The people pay.

Now, when people want to get their drugs from another country, the Administration warns that the drugs from these countries are not to be trusted. If this warning isn't effective, then a ban will be the next step.

Excessively inflated drug prices? Do you realize how costly it is to produce a single drug? Doing the R&D and just getting a drug to the clinical trial stage has an average cost of ~$500 million, and there's no guarantee that the drug will ever make it out to the market. Drug companies profit from sales to Canada because the Canadian government subsidizes them... by spending taxpayer money. So, when seniors go to Canada for cheaper drugs, they are getting them at the expense of the Canadian taxpayers.

I like our healthcare system for the most part. If you need to see a doctor, you can see one in a reasonable amount of time. People aren't so lucky in Canada.
 
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saraho wrote:
No one is taking your fish, Rolo.
Yes, they are. 6.2% of my fish on one hand, and the full 12.4% on the other. I want all of my fish; I can do a better job than the government can with it.

saraho wrote:
SS is an insurance plan that all have paid into, to ensure that there is some money for you to live on in your elderly years.

Considering that most retirees are in poverty with SS, I'd say your 'insurance' is diddly-squat.

The top quitile of retirees have < $30K income and only 20% of that is SS. For me, $30K is not retiring, that is failing.

Take 12.4% of the average person's salary and invest it in a diversified portfolio for thirty years. Using Monte Carlo, how much principal would one have? What could the annual distributions be putting the principal in an annuity at 4%? How much will be passed on to the next generation? You cannot tell me that SS does better than that.

Also, what if I do not plan on having 'elderly years'?
 
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saraho wrote:
Now, when people want to get their drugs from another country, the Administration warns that the drugs from these countries are not to be trusted. If this warning isn't effective, then a ban will be the next step.
Yeah! I want my Ephedra back! :(

Hey, saraho, I thought you were one of those government-should-take-care-of-us-and-dictate-what-we-will-do types? So if the Administration says it is 'bad', then it must be bad! Who are you to question it? :u
 
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Show-me wrote:

By coincidence I received this quote from a relative today. Thought I would share it.

Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."

- Ronald Reagan



Yes, I've read that quote before.

From what I've heard, President Reagan's view of the federal government was that it shouldconsist ofthe Defense Department and the Post Office, and he wasn't quite sure about the Post Office. Everything else should be left to the states. I understand that he also tried to demolish the Education Dept but failed.

Of course,his view was always subject to change...esp ifthe states came up with a rulingthat his admin was against, in which case, the Supreme Court would intervene.
 
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Rolo wrote:
saraho wrote:
Now, when people want to get their drugs from another country, the Administration warns that the drugs from these countries are not to be trusted. If this warning isn't effective, then a ban will be the next step.
Yeah! I want my Ephedra back! :(

Hey, saraho, I thought you were one of those government-should-take-care-of-us-and-dictate-what-we-will-do types? So if the Administration says it is 'bad', then it must be bad! Who are you to question it? :u
Does it make sense to you that, even with the fallen dollar, US drugs are cheaper in foreign countries but it might become illegal for you to obtain them from there?
 
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saraho wrote:
Does it make sense to you that, even with the fallen dollar, US drugs are cheaper in foreign countries but it might become illegal for you to obtain them from there?
I understood it to be drugs manufactured in other countries and therefore the gov't (FDA) hasn't lifted its leg on'em.

What kills me is the Ephedra ban; daddy's official announcement was "The health risks outweigh the potential benefits." and that is why it was banned.Ummmm....then why, O, why, then, are cigarettes not banned?

I am an adult now and I don't want daddy forcing his decisions on me...no..daddy... .stop...no...daaAAAaaaady!

I am not one to jump to the "gov't in the pocket of big business", but here it is obvious.
 
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I thought this was a short term outlook for the stock market Fourm ?

Run your TSP account up to 7 figures and don't worry about SS
Lets get back to the TSP accounts... That why we are here...

Today'smarket from Ed Downs

[font="Verdana, Arial, Helvetica, sans-serif"]The Dow opened the session slightly lower this morning, setting the tone for the day's slow, sideways session, as seen in the 15 and 60 Minute Charts. The index traded within a very tight 30 point range and could be setting up for another big move in the near term. [/font]

[font="Verdana, Arial, Helvetica, sans-serif"]The 60 Minute Chart shows the Dow continues to trend higher at a steady pace, as illustrated by the key lower trend line that has formed beneath the lows of the current two-week advance. [/font]

[font="Verdana, Arial, Helvetica, sans-serif"]Look for continued overall strength above this line this week, unless a clear and solid break occurs at 10,760. A break here will indicate a likely pull-back from the current highs; otherwise, an upside push through 10,800 will indicate another wave higher within the current uptrend. [/font]

[font="Verdana, Arial, Helvetica, sans-serif"]Short Term Dow [/font]

[font="Verdana, Arial, Helvetica, sans-serif"]Short term, the Dow held above short term support at 10,770 throughout the day, seen in the 5 Minute Chart. Watch this level closely for weakness tomorrow morning. [/font]

[font="Verdana, Arial, Helvetica, sans-serif"]Medium Term Dow [/font]

[font="Verdana, Arial, Helvetica, sans-serif"]In the medium term, we are still Long the Dow, and will move stops up to 10,760 to lock in further profit. We will want to stay Long above 10,825, and will look to enter Shorts below 10,760; using 20 point stops. [/font]

[font="Verdana, Arial, Helvetica, sans-serif"]NASDAQ & S&P [/font]

[font="Verdana, Arial, Helvetica, sans-serif"]The NASDAQ and S&P each traded quietly sideways, alongside the Dow. Look for continued sideways movement, until a key break occurs. [/font]

[font="Verdana, Arial, Helvetica, sans-serif"]Summary [/font]

[font="Verdana, Arial, Helvetica, sans-serif"]The Dow traded in slow fashion today, holding with a very tight 30-point range. Look for continued sideways movement unless 10,760 or 10,825 is crossed. A break at these key fulcrums will indicate another solid move. [/font]

[font="Verdana, Arial, Helvetica, sans-serif"]Thanks for listening, and Good luck in your trading! [/font]

[font="Verdana, Arial, Helvetica, sans-serif"]Ed Downs
edowns@nirvsys.com
[/font]

[font="Verdana, Arial, Helvetica, sans-serif"]with assistance from..
Frank Ochoa, Market Analyst
fochoa@nirvsys.com
[/font]

[font="Verdana, Arial, Helvetica, sans-serif"]** Note: We are now posting Index entries and exits in Real Time, through our new Intraday Index Alerts service. To learn more about the service, visit SignalWatch.com and select Intraday Alerts from the main navigation bar. - SW Team [/font]
 
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