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FOCUS: Enough Is Enough! It's Time for Congress to Stop Catering to the Demands of the Pharmaceutical Industry Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=44519"><span class="small">Bernie Sanders, Bernie Sanders' Facebook Page</span></a>   
Wednesday, 31 May 2017 12:14

Sanders writes: "Perhaps next to Wall Street, the pharmaceutical industry is the most powerful political force in this country."

Sen. Bernie Sanders. (photo: Getty)
Sen. Bernie Sanders. (photo: Getty)


Enough Is Enough! It's Time for Congress to Stop Catering to the Demands of the Pharmaceutical Industry

By Bernie Sanders, Bernie Sanders' Facebook Page

31 May 17

 

t is an outrage that the Republicans banned Medicare from negotiating with the pharmaceutical companies to lower drug prices back in 2003. Not only would removing this ban substantially reduce the prices seniors pay for drugs, it could save Medicare over half a trillion dollars over the next decade.

Perhaps next to Wall Street, the pharmaceutical industry is the most powerful political force in this country. They have spent more than $3 billion lobbying since 1998, and they have spent hundreds of millions of dollars on campaign contributions.

Enough is enough! In the year 2017, it is time for Congress to stop catering to the demands of the pharmaceutical companies and their lobbyists, and start listening to the American people who want us to end the greed of the big drug companies.

High-Price Drugs Raise Costs for Seniors in Medicare Part D


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FOCUS: Two Vile Names, One Sweetheart Deal: Goldman Bails Out Maduro Print
Wednesday, 31 May 2017 10:24

Taibbi writes: "Who says two amoral and corrupt institutions with diametrically opposing ideologies can't collaborate to sink even lower together?"

Goldman Sachs reportedly bought $2.8 billion worth of bonds issued by Venezuelan national oil company PDVSA. (photo: Richard Drew/AP)
Goldman Sachs reportedly bought $2.8 billion worth of bonds issued by Venezuelan national oil company PDVSA. (photo: Richard Drew/AP)


Two Vile Names, One Sweetheart Deal: Goldman Bails Out Maduro

By Matt Taibbi, Rolling Stone

31 May 17


The Vampire Squid rescues an infamous autocrat

ho says two amoral and corrupt institutions with diametrically opposing ideologies can't collaborate to sink even lower together?

Goldman Sachs, infamous investment bank and symbol of international predatory capitalism, has made a devil's bargain with Nicolás Maduro, the infamous left-wing dictator of Venezuela who claims to despise companies just like Goldman. As Forbes writes:

"What happened is that the Venezuelan Treasury owned some bonds issued by PDVSA, the national oil company. They sold those bonds to Goldman Sachs at a serious discount to face value."

Maduro's authoritarian government has been rocked by protests this spring thanks to widespread economic and political devastation. (Maduro blames his country's problems on an "economic war" waged by Washington.) The most shocking statistic is that 75 percent of Venezuelans are said to have lost at least 19 pounds from food shortages.

The Goldman deal was a win-win for the bank and the dictator. Goldman bought $2.8 billion worth of oil bonds for 32 cents on the dollar, according to the Times of London. Maduro's regime, in return, immediately gets to stock its coffers with about $865 million.

Julio Borges, president of the National Assembly and a leading opposition figure, denounced Goldman for "aiding and abetting" the goblin of Bolivarian socialism:

"Goldman Sachs' financial lifeline to the regime," Borges wrote in a letter to Lloyd Blankfein, "will serve to strengthen the brutal repression unleashed against the hundreds of thousands of Venezuelans peacefully protesting for political change in the country."

Borges added that he believed Goldman "decided to make a quick buck off the suffering of the Venezuelan people."

In characteristic form, Goldman insisted it didn't do anything untoward because it bought the bonds from an intermediary on the secondary market, and didn't deal with Maduro's government directly. (Goldman would only identify the intermediary as "European.") Also, the bank insisted, it bought the bonds for a third of their value to help the Venezuelan people!

"We recognize that the situation is complex and evolving and that Venezuela is in crisis. We agree that life there has to get better, and we made the investment in part because we believe it will," the firm said in an email statement.

More than 50 people have died in protests over the past two months, with many more injured and arrested.

Henrique Capriles, the opposition governor of the state of Miranda, told reporters that he and his team were beaten by security forces in a march this past weekend. He said he believed Goldman's investment would "only make things worse," as the Miami Herald put it.

"Why do they need this money?" Capriles wondered. "To buy bombs and war supplies that are running out? To finance a fraudulent electoral campaign?"

It's a good thing Karl Marx is dead, because otherwise this metaphysical mind-loop of a news story would make his head explode. Is this a corruption of capitalism, a corruption of socialism, both, or neither? Maduro himself would probably say this transaction is a perfect example of the "savage capitalism" he says he despises.

Whatever it is, this tale of dogs and cats living together on the secondary bond market represents the ultimate in cynicism, and one likely to have dire consequences for a country already on the brink. 


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Trump's Habit of Cozying Up to Dictators Only Makes America Weaker Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=36361"><span class="small">Robert Reich, Robert Reich's Facebook Page</span></a>   
Wednesday, 31 May 2017 08:58

Reich writes: "Politically, Trump's blast at Germany is stupid. Germany is now the most powerful democracy in the world, and our most powerful ally in Europe. Rather than cozy up to dictators, Trump would serve America's interests better by cozying up to our friends."

Former Clinton Labor Secretary Robert Reich. (photo: Steve Russell/Toronto Star)
Former Clinton Labor Secretary Robert Reich. (photo: Steve Russell/Toronto Star)


Trump's Habit of Cozying Up to Dictators Only Makes America Weaker

By Robert Reich, Robert Reich's Facebook Page

31 May 17

 

his morning, Trump tweeted that the United States has a “MASSIVE trade deficit with Germany, plus they pay FAR LESS than they should on NATO & military. Very bad for U.S. This will change.”

Rubbish.

Trump is just trying to get even for the negative things Angela Merkel and the German foreign minister had to say about him over the weekend -- which were entirely justifiable. Trump’s refusal to endorse NATO’s famous Article 5, the guarantee of mutual defense, at the NATO summit, combined with his refusal to join the Paris climate accord, made his trip a catastrophe.

As to Trump's morning tweet, he's wrong both on substance and on politics. Substantively, Trump (and his obtuse trade adviser, Peter Navarro) assume Germany wants a weak euro when, in fact, Germany has been critical of the European Central Bank’s quantitative easing policy that’s helping hold down the euro.

Germany also saves a big chunk of what it earns, resulting in more money flowing out of Germany in search of investments around the world (capital outflows) into places like the United States. So the real issue is capital flows, not trade. And it’s not all bad for America.

Politically, Trump’s blast at Germany is just as stupid. Germany is now the most powerful democracy in the world, and our most powerful ally in Europe. Rather than cozy up to dictators, Trump would serve America’s interests better by cozying up to our friends.

What do you think?


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A Fair Trial for Julian Assange Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=36478"><span class="small">John Kiriakou, Reader Supported News</span></a>   
Tuesday, 30 May 2017 13:52

Kiriakou writes: "If recent press reports are to be believed, WikiLeaks founder Julian Assange is the target of a secret grand jury investigation, either in the federal court of the District of Columbia or in the notorious Eastern District of Virginia, known colloquially as 'the espionage court.'"

WikiLeaks founder Julian Assange. (photo: Suzanne Plunkett/Reuters)
WikiLeaks founder Julian Assange. (photo: Suzanne Plunkett/Reuters)


A Fair Trial for Julian Assange

By John Kiriakou, Reader Supported News

30 May 17

 

f recent press reports are to be believed, Wikileaks founder Julian Assange is the target of a secret grand jury investigation, either in the federal court of the District of Columbia or in the notorious Eastern District of Virginia, known colloquially as “the espionage court.” Assange is currently holed up in the Ecuadorean Embassy in London, where he fled to avoid a British arrest warrant and probable extradition to Sweden on what supporters and many legal analysts called a flimsy sexual assault case.

The Swedish case was dropped last week, but Assange remains in the embassy. British authorities say that he still faces a misdemeanor UK charge of jumping bail (on the moot Swedish case), but the British disingenuously won’t talk about the rumors of a US case and the possibility of extradition to the US.

For its part, the Justice Department isn’t saying anything. Still, the Trump administration, like Obama’s before it, has made it clear that it sees Assange as an arch-criminal, rather than a journalist. And CIA director Mike Pompeo went so far as to say that Wikileaks acts as a “hostile foreign intelligence service.” Remember, Pompeo is the same guy who said that he’d like to see Ed Snowden “hang from a tree until he’s dead.”

I’m not an Assange fan personally. We have some friends and acquaintances in common, and they tell me that he is a misogynist. And we can’t ignore the fact that Assange’s single-minded obsession with ruining Hillary Clinton during the 2016 election and publishing the embarrassing “Podesta emails,” very likely played a role in giving us Donald Trump.

Still, the Trump administration’s position on Assange is to level serious charges and to speak bombastically. Neocon and neoliberal rhetoric aside, though, Wikileaks is a journalistic entity devoted to transparency and Julian Assange is a journalist, whether Washington muckety-mucks like his politics or not. A criminal case against him could put the CIA in a very difficult position because a trial would have to lead to invocation of the Classified Information Procedures Act (CIPA). It could also lead to a constitutional crisis over the first amendment’s freedom of the press. If Wikileaks is devoted to transparency and exposing governmental waste, fraud, abuse, and illegality – which it is – well, that’s the definition of journalism, isn’t it? Even the most basic charges against Assange would merit appeals to the Circuit Court of Appeals and to the Supreme Court. Does the Justice Department want to risk overturning the Espionage Act? It would be a serious gamble.

CIPA, which was passed into law in 1980, allows the government to keep things secret in a national security trial that otherwise may have been made public. It reduces incidents of “graymail,” where a defendant may insist on revealing classified information to defend himself. For example, if a defendant is charged with revealing that “Zorg” was a secret program that damaged Iranian widgets, and both “Zorg” and the widgets are classified, “Zorg” will be referred to in the trial as “carwash,” or some such nonsense, and the widgets will be referred to as “cigars.” The jury has no real idea what in the world was revealed in the first place. But, at least in the Eastern District of Virginia, they always vote “guilty” anyway.

At the District Court level, then, the only way for Assange to get a fair trial would be for the court to order the declassification of CIA and FBI documents necessary for his defense. Would the intelligence community want to risk even further exposure of classified information in a trial? They would have to if they intend to prosecute. Assange is entitled to this information as discovery. But does the government want to take the risk of Assange passing the discovery on to Wikileaks, again, in the interests of transparency, CIPA be damned? Furthermore, the CIA has never said one way or the other if the documents that Wikileaks has released as attributable to the CIA are actually original and true Agency documents. They would have to do so in a trial.

Policymakers at the Justice Department, the CIA, the FBI, and the White House clearly have not thought this through. It’s one thing to criticize journalists who publish stories that contain “classified” information. It’s an entirely different thing to try to punish those journalists under the Espionage Act. And it’s unprecedented in American history. Cooler heads have to prevail in Washington. You don’t have to like Julian Assange’s politics to love constitutional freedoms. You don’t have to like Julian Assange as a person to value what he and Wikileaks do to expose waste, fraud, abuse, and illegality (which, by the way, is the very definition of whistleblowing). Julian Assange could not get a fair trial in a federal court. He shouldn’t have to have any trial in the first place.



John Kiriakou is a former CIA counterterrorism officer and a former senior investigator with the Senate Foreign Relations Committee. John became the sixth whistleblower indicted by the Obama administration under the Espionage Act – a law designed to punish spies. He served 23 months in prison as a result of his attempts to oppose the Bush administration's torture program.

Reader Supported News is the Publication of Origin for this work. Permission to republish is freely granted with credit and a link back to Reader Supported News.

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FOCUS: Trumpcare Is Immoral and Unsustainable Print
Tuesday, 30 May 2017 12:07

Galindez writes: "The long awaited CBO score is here for the healthcare plan that passed the House last month. It might on the surface seem slightly better than the original plan that failed a couple of weeks before it. A closer look will reveal that it is worse, much worse. It covers a few more people than the failed bill, but it gives everyone less coverage."

Donald Trump and Paul Ryan. (photo: Alex Brandon/AP)
Donald Trump and Paul Ryan. (photo: Alex Brandon/AP)


Trumpcare Is Immoral and Unsustainable

By Scott Galindez, Reader Supported News

30 May 17

 

he long awaited CBO score is here for the healthcare plan that passed the House last month. It might on the surface seem slightly better than the original plan that failed a couple of weeks before it. A closer look will reveal that it is worse, much worse. It covers a few more people than the failed bill, but it gives everyone less coverage.

I have an idea. Let’s set up a single payer system for everyone who wants it and let everyone else opt out and pay for their healthcare out of pocket. After all, the opposition to Obamacare is from those who believe they shouldn’t be forced to have coverage. Individual responsibility should mean they don’t get a free ride in the emergency room. If they don’t believe in shared responsibility, let’s let them go out on their own. Just don’t come crying to us when you get sick.

I know, I’m not cruel enough to support that. It’s what the greedy “individual responsibility” Republicans are asking for, though. They don’t want to help take care of their neighbors, but we will take care of them anyway.

The GOP is right about one thing. Our current private insurance system is not sustainable. Healthcare should not be a private industry controlled by the markets.

The provider has too high a bargaining chip ... your life. The consumer has no choice. Get the treatment or die — that is an unfair advantage. That’s why the government needs to step in and set the prices. Private insurance companies make the situation worse, since they want to make a profit. Your health is not their priority. The fewer treatments you receive, the better for them.

If the Democrats are smart, they will ride healthcare reform to electoral success. Perhaps it will be on a state-by-state basis. Single payer healthcare has strong support in New York State. If it were to succeed in states like New York and California, then it would be hard to tell people in Peoria why single payer is too good for them.

In the past, the insurance and pharmaceutical industries have blocked other attempts for states to provide single payer. In Colorado, Anthem Healthcare spent a million dollars to defeat a voter initiative for single payer. The healthcare industry outspent supporters by more than a 4-to-1 margin.

The only people the current system is good for are the insurers and the pharmaceutical industry. Well, and I guess the providers can profit at higher rates but, due to the bureaucracy associated with billing in this system, much of that profit is swallowed up by overhead. The providers that are in the healthcare industry to help people also have to face knowing that because of insurers denying treatments, people are dying unnecessarily.

It would be even worse under Trumpcare. One feature of Obamacare is a set of minimum standards that must be a part of every plan. The argument conservatives make is that those rules mean people are paying for stuff they don’t need, like prenatal care for a man. That argument is absurd. Just because a plan covers dialysis, if needed, doesn’t mean you will have to pay for dialysis.

They argue that more people will be covered by plans that they hope will cost less, because they will cover less. Removing things like prenatal care and ambulance service from a policy a young, healthy man purchases saves nothing for the insurance company. It will only save them money if they don’t have to pay for prenatal care for women or ambulance service for the elderly.

Obamacare was only a step in the right direction. Trumpcare is nothing more than a tax break for the wealthy and lowering of costs for insurance companies. They can cover less and still charge whatever they want. How is this a good thing for most Americans?

The only solution is single payer. Everyone would have coverage for everything, with prices negotiated by the government. It works all over the world and is cheaper than the unsustainable, immoral system that we have now.



Scott Galindez attended Syracuse University, where he first became politically active. The writings of El Salvador's slain archbishop Oscar Romero and the on-campus South Africa divestment movement converted him from a Reagan supporter to an activist for Peace and Justice. Over the years he has been influenced by the likes of Philip Berrigan, William Thomas, Mitch Snyder, Don White, Lisa Fithian, and Paul Wellstone. Scott met Marc Ash while organizing counterinaugural events after George W. Bush's first stolen election. Scott moved to Des Moines in 2015 to cover the Iowa Caucus.

Reader Supported News is the Publication of Origin for this work. Permission to republish is freely granted with credit and a link back to Reader Supported News.

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