There's a destructive campaign underway to encourage government confiscation of patents from pharmaceutical…
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Image of the Day: Private Pharma Investment Dwarfs Federal NIH Funding

There's a destructive campaign underway to encourage government confiscation of patents from pharmaceutical innovators and dictate the price for Remdesivir and other drugs.  That's a terrible and counterproductive policy under any circumstance, but particularly now that private drug innovators are already hacking away at the coronavirus.  In that vein, this helpful image illustrates the vast disparity between private investment and National Institutes of Health (NIH) funding that some seem to think justifies patent confiscation, price controls or other big-government schemes:

[caption id="" align="aligncenter" width="549"] Private Investment Dwarfs NIH Funding[/caption]…[more]

June 03, 2020 • 10:16 AM

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Jester's CourtroomLegal tales stranger than stranger than fiction: Ridiculous and sometimes funny lawsuits plaguing our courts.
Home Jester's Courtroom I’m with the Band
I’m with the Band Print
Thursday, May 02 2019

James Dolan, CEO of Madison Square Garden (“MSG”) company, is being sued by a group of shareholders who claim he is overpaid, only works part-time, and spends too much of his time with his band, JD & the Straight Shot band. MSG company owns 14 brands, including the Knicks, the Rangers, Radio City Music Hall and the Rockettes.

According to news reports, the lawsuit argues Dolan allegedly made more than $75 million over a three-year period, far in excess of MSG’s peer companies, yet Dolan traveled and performed “extensively domestically and internationally” with his band. “By comparison, MSG’s peer companies paid their CEOs an average of $17 million for the same three-year period. The highest-paid peer CEO received $32.4 million, over $43 million less than James,” the complaint stated.

MSG says the lawsuit has been brought by a trust owned by one shareholder. In a statement issued by the company, MSG countered, “This lawsuit amounts to nothing more than corporate harassment. The company stands by its policies and practices.”

Source: nydailynews.com

Question of the Week   
What was the codename for D-Day, June 6, 1944?
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"One could be forgiven amidst the protests and continuing coronavirus crisis for forgetting that in Washington, DC, this week, Congress is looking into serious allegations that Barack Obama's Department of Justice was spying on the Trump campaign. In normal times, it would be the biggest news story in America, and Wednesday's shocking admissions by former Deputy Attorney General Rod Rosenstein would…[more]
 
 
—David Marcus, New York Post
— David Marcus, New York Post
 
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