The big pharmaceutical companies have done very well in the crony department over the last decade. Medicare Part D was a giant gift to pharma, then the “donut hole” fill of Part D in 2010 meant even more money for the drug companies. Big Pharma in many respects is a government contractor. A quarter of its revenue comes from Medicare, Medicaid, and various other government programs. But now one of the giants is leaving for England lured by lower tax rates.
“I’m not for laws. We need a minimum of laws. I hate big government, I hate being told what to do on a personal basis.” – Nigel Farage *
Nigel Farage has lead a deeply important political surge in the United Kingdom over the last few years. His rants from the floor of the European Parliament have become legendary.
No reason to keep records of what happened at one of the world’s most powerful central banks during the height of the 2008 Crash. Nothing important to know there. No reason to look back and remember what worked and what didn’t. No reason to keep the evidence.
If you don’t know Mr. Farage you should. He might be the most important politician in Britain not to walk through the halls of Parliament. Heck he’s barely allowed in the halls of European Parliament and he was elected to that body.
Ms. Thatcher was not perfect, but what a contrast to our current crop of politicians. At least the woman had a spine.
Fresh off of defeating the Soviets, Ms. Thatcher is in top form here.
If you don’t know him, this is Nigel Farage, head of the UK Independence Party. He is interesting to watch and offers important insight into what is happening in Europe generally. Usually from the floor of the EU Parliament.
He’s cool to listen to whether you care about Europe at this point or not.
Just watch as he throws down the electoral gauntlet at the end of this video, with a smile.
From Daniel Hannon, a guy who often gives great perspective on both the EU and the US from his perch in the UK.
The Sunday Times caught 3 members of the upper house not acting very “lord like.” $18,000 a month was all it took to bring shame to the old boys club of old boys clubs.
The good news is the Royal Post is being privatized. The bad news is Goldman Sachs and UBS are handling the IPO so there’s probably some sketchiness in the deal somewhere.
Still, I’ll bet the new mail company takes service up a few notches.
Anyone who has read us for very long knows that we give bankers a hard time, often. The financial industry, especially the big banks, is rife with crony capitalism. The big banks are arguably the biggest crony capitalists of them all, and the corruption which comes with a Wall Street/Washington DC axis must be dealt with. It is vital for the future of our economy. Ending the Fed would be a good start.