We at CFIF often highlight the clear and present danger that drug price control schemes pose to American…
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New Lung Cancer Breakthrough Illustrates the Potential Peril of Drug Price Controls

We at CFIF often highlight the clear and present danger that drug price control schemes pose to American consumers, who benefit from our private pharmaceutical sector that leads the world - by far - in innovation.  A new lung cancer treatment breakthrough in the form of Amgen's Lumakras illustrates that interrelationship.

Simply put, Lumakras reduced the risk of progression by 34% compared to chemotherapy in patents with advanced lung cancer, which is particularly welcome considering lung cancer's especially low survival rate (18.6% over five years, and just 5% for advanced forms).  The breakthrough required years of research and enormous amounts of investment, however, which The Wall Street Journal notes makes Lumakras the type of innovation put at risk by new drug price controls…[more]

September 22, 2022 • 05:06 PM

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Jester's Courtroom Legal tales stranger than stranger than fiction: Ridiculous and sometimes funny lawsuits plaguing our courts
Notable Quotes
 
On the Cost of President Biden’s Student Loan ‘Forgiveness’:
 
 

"Now they tell us. We're referring to the Congressional Budget Office, which finally rolled in Monday with its cost estimate for President Biden's unilateral student-loan write-down: $420 billion. ...

The cost of Mr. Biden's unilateral extension of the moratorium on student loan payments for another three months through December will be $20 billion. But that's a bargain compared to the $400 billion cost of canceling up to $10,000 in debt issued by June 30 this year, plus another $10,000 for recipients of Pell grants.

CBO says that doesn't even count the cost of Mr. Biden's steps to ease the terms on federal income-based repayment plans that are on top of the $10,000-$20,000 loan forgiveness. Independent analysts have estimated that cost at $150 billion or more, which would take the cost to $570 billion.

This is an unprecedented act of peacetime fiscal recklessness."

Read the entire article here.

 
 
— The Wall Street Journal Editorial Board
— The Wall Street Journal Editorial Board
Posted September 28, 2022 • 07:13 AM
 
 
On State Opposition to the So-Called 'Energy Independence and Security Act':
 
 

"A coalition of 18 Republican states wrote a letter to Senate leadership Monday, announcing their opposition to Democrats' permitting reform legislation.

"The states' attorneys general, led by Louisiana Attorney General Jeff Landry, argued in the letter that the Energy Independence and Security Act -- which Sen. Joe Manchin, D-W.Va., unveiled last week -- would strip states of the authority to regulate their own power grids. The states also ripped the deal for being rushed, not allowing the public to understand its provisions or costs.

"'The undersigned attorneys general write with strong opposition to the misnamed Energy Independence and Security Act of 2022,' Landry and the other attorneys general wrote in the letter first obtained by FOX Business.

"'The Act contains assorted provisions that would effectively create a backdoor Clean Power Plan, allow the restricting of the electric grid by abrogating states' traditional authority to set their own resource and utility policies, and upset the careful balance of state and federal authority that has been a cornerstone of the Federal Power Act for nearly a century,' they added."

Read the entire article here.

 
 
— Thomas Catenacci and Peter Hasson, FOX Business
— Thomas Catenacci and Peter Hasson, FOX Business
Posted September 27, 2022 • 08:14 AM
 
 
Reporting on Voter Sentiment in Support of Policies Allowing Police to Detain Suspects Charged with Violent Crimes:
 
 

"Voters largely support policies allowing police to detain suspects charged with violent crimes, a new poll shows.

"Convention of States Action, along with Trafalgar Group, released the poll, which found that the vast majority of surveyed Americans do not support policies that keep law enforcement from detaining those accused of violent crimes.

"The poll found that 95.6% of those surveyed 'say they are less likely to vote for a candidate who supports policies which prevent police from detaining criminals charged with violent crimes, such as kidnapping and armed robbery.'

"'Crime is the beneath-the-iceberg issue for voters in 2022, it's absolutely clear in these numbers,' said Mark Meckler, president of the Convention of States. 'Ameicans of all political backgrounds have a strong belief in protecting the innocent and punishing the guilty.'"

Read the entire article here.

 
 
— Casey Harper, The Center Square
— Casey Harper, The Center Square
Posted September 26, 2022 • 07:59 AM
 
 
Reporting on the Widespread Protests in Iran:
 
 

"Protests in Iran over the death of Mahsa Amini while in police custody have spread even further across the country as the Iranian regime has ramped up efforts to crack down on the demonstrations.

"Protests have spread to 100 Iranian cities and 30 provinces, leaving dozens dead and resulting in widespread arrests. Protesters have set fire to police and government buildings, while a government enforcer was killed in a stabbing by protesters during attempts to impose order.

"The increasingly violent protests broke out over the death of Amini, who was arrested by Iranian morality police for not wearing a head covering in public. The demonstrations have become especially violent in Iran's Kurdish minority region in the northeast, where police fired on protesters, killing five. Amini was a Kurd. ...

"The demonstrations, which have produced scenes reminiscent of the Arab Spring that spread across the Middle East just over a decade ago, come at a critical time for the Biden administration, which has been working to resurrect the Obama-era nuclear deal with Iran and made at least some strides toward an agreement in recent months."

Read the entire article here.

 
 
— Michael Lee, Fox News
— Michael Lee, Fox News
Posted September 23, 2022 • 12:51 PM
 
 
Reporting on the Fed and Inflation:
 
 

"Federal Reserve Chairman Jerome Powell is seemingly walking away from the promise of a soft economic landing as the U.S. central bank tries to wrestle inflation under control with the most aggressive interest rate hikes in decades.

"For months, Powell has argued that a soft landing -- the sweet spot between curbing inflation without crushing growth -- is possible, but he seemed to abandon that stance on Wednesday.

"Speaking to reporters in Washington after the Fed voted to lift the benchmark federal funds rate by 75 basis points for the third straight month, Powell conceded that a recession is possible and that securing a soft landing will be 'very challenging,' though he cautioned that no one knows if the tightening campaign will lead to a downturn, and if so how significant it will be."

Read the entire article here.

 
 
— Megan Henney, FOX Business
— Megan Henney, FOX Business
Posted September 22, 2022 • 08:11 AM
 
 
On Growing Tensions Between Farmers and Advocates of 'Green Energy' Policies:
 
 

"Echoing conflicts from Sri Lanka to Canada to the Netherlands, tensions between farmers and green-minded government policymakers are building in the United States, where producers are squaring off against a costly proposed federal mandate for greenhouse-gas reporting from corporate supply chains.

"The U.S. Securities and Exchange Commission in March proposed requiring large corporations, including agribusinesses and food companies, to report greenhouse gas emissions down to the lowest rungs of their supply chains as a means of combatting climate change, which environmental campaigners contend imperils the planet and life on it.

"Reporting such indirect, 'scope 3' emissions would require corporations to demand data on the use of fuel, fertilizer, pesticides, and other chemicals from small-scale farmers who say they lack the personnel and resources to comply. The challenge has been led by the powerful American Farm Bureau Federation and its state affiliates, whose representatives have met with SEC officials and organized their lobbyists in Washington.

'"The farmers we represent are already heavily regulated at the state, local, and federal level but have never been subject to things concerned with Wall Street,' said Lauren Lurkins, director of environmental policy at the Illinois Farm Bureau. Our farmers do not have a team of compliance officers or attorneys, and they don't have a network of people to help them understand this. They really want to make sure they are growing crops and raising livestock and that [they] take care of the food supply.'"

Read the entire article here.

 
 
— Steve Miller, RealClear Investigations
— Steve Miller, RealClear Investigations
Posted September 21, 2022 • 07:59 AM
 
 
On President Biden's Border Crisis:
 
 

"The nation is having a contentious debate over whether illegal migrants coming over the southern border should be transported further inland and, if so, where and by whom.

"Should they stay in San Antonio or end up in New York City, get bused to a rural town no one has heard of or get flown to one of the most desirable summer spots in the country?

"Although this debate has generated much heat and is of great interest to the local authorities involved, it is really beside the point.

"The crux of the matter is that the Biden administration dismantled or downgraded every policy that had established control over the southern border under his predecessor and is directly responsible for the record number of illegal immigrants flooding into the country. If the influx weren't so large, there'd be fewer migrants to sign up for the bus trips sponsored by Texas and Arizona to send them north and east to blue cities."

Read the entire article here.

 
 
— Rich Lowry, Editor of National Review
— Rich Lowry, Editor of National Review
Posted September 20, 2022 • 07:13 AM
 
 
On the Major Questions Doctrine and Separation of Powers:
 
 

"In deciding West Virginia v. EPA last term, the Supreme Court invoked a rarely used concept called the 'major questions doctrine.' This holds that when an administrative agency claims authority to issue a far-reaching or unprecedented new rule, it must be able to show that Congress specifically authorized what the agency is proposing. At this time, with this court, we are likely to see many more cases in which this agency-restricting doctrine is invoked.

"The underlying policy of the major questions doctrine is as clear as the Constitution itself: Under the Constitution's separation of powers, Congress must make the laws, not an administrative agency. Administrative agencies cannot use a generally stated authority from Congress, such as the EPA's authority to address air pollution or climate change, to create rules that the agency cannot show were intended or even contemplated by Congress. If the conservative majority of the court stays with this position -- and there is every indication that it will -- the result will be a narrowing of the powers of administrative agencies. ...

"Political scientists and other observers have noted that, over many years, Congress has been able to avoid tough decisions by sending ambiguous authority to administrative agencies. Then, when constituents complain about the breadth of regulations, members of Congress blame the agencies rather than their own failure to use clear and precise statutory language. Indeed, one of the principal reasons the Supreme Court has probably used the major questions doctrine in this case is to force Congress to authorize rules that would reduce emissions of greenhouse gases if it is serious about the issue."

Read the entire article here.

 
 
— Peter Wallison, Senior Fellow Emeritus at the American Enterprise Institute
— Peter Wallison, Senior Fellow Emeritus at the American Enterprise Institute
Posted September 19, 2022 • 07:58 AM
 
 
Reporting on the Housing Market:
 
 

"If you're looking to buy a home soon, you're in luck. After two years of record high sales, data shows the housing market is starting to cool down, but there is a catch.

"For the first time since March 2021, the average home is selling for less than its list price, but high mortgage rates are still impacting what people can afford.

"Mortgage rates are the highest they've been in 14 years, reaching nearly 6%, according to the real estate company Redfin.

"'This is the sharpest turn in the housing market since the housing market crash in 2008,' said Daryl Fairweather, Redfin's Chief Economist."

Read the entire article here.

 
 
— Rebekah Castor, Fox News
— Rebekah Castor, Fox News
Posted September 16, 2022 • 07:51 AM
 
 
On Vice President Kamala Harris and Border Security:
 
 

"Unlike President Joe Biden, Vice President Kamala Harris has at least visited the southern border -- once. Unfortunately, as evidenced by her embarrassing appearance on Meet the Press this weekend, Harris does not appear to have learned anything from her trip. When asked, Harris confidently assured host Chuck Todd that 'the border is secure.'

"No, madam, it is not.

"When Harris visited the border last June, a then-record 180,597 migrants had been arrested the month before for illegally entering the country. More than 1 million migrants would end up getting caught (mostly turning themselves in on purpose) in Biden's first year. A record 241,166 migrants were arrested this May, and more than 2 million will be caught this year. In other words, the border is far from secure, and the problem is getting worse."

Read the entire article here.

 
 
— The Editors, Washington Examiner
— The Editors, Washington Examiner
Posted September 15, 2022 • 07:48 AM
 
Quiz Question   
Which one of the following U.S. Presidents signed the executive order establishing the Federal Emergency Management Agency (FEMA)?
More Questions
Notable Quote   
 
"Now they tell us. We're referring to the Congressional Budget Office, which finally rolled in Monday with its cost estimate for President Biden's unilateral student-loan write-down: $420 billion. ...The cost of Mr. Biden's unilateral extension of the moratorium on student loan payments for another three months through December will be $20 billion. But that's a bargain compared to the $400 billion…[more]
 
 
—The Wall Street Journal Editorial Board
— The Wall Street Journal Editorial Board
 
Liberty Poll   

Choosing from the list below, what issue is currently most important to you heading into the mid-term elections?