Category: Current Events

Earlier I posted that Mexico would pass a bill decriminalizing drug use.  Late last night, howeer,  President Vicente Fox decided not to approve the Mexican law which would have decriminalized minor drug use.  The Chicago Tribune (“Mexico’s Fox retreats…“) implied that this reversal was due significant pressure exerted by the U.S. on Mr. Fox.

Less than two weeks ago, the New York Times (“Report Illumintes Wide Divide…“) reported that FDA has denied that there are any medicinal benefits to marijuana. The article continues stating: While it has always been the drug enforcement agency’s policy to enforce laws against marijuana, [DEA spokeswomen] Ms. Waite said, “now it’s clearly out there,…

Pharmaceutical companies spent hundreds of millions of dollars in order to gain FDA approval for their products. A biologist at the FDA headquarters makes between $38 and $86 thousand.  The diffeence between these two sums is emormous; thus, it would not be surprising if the FDA was ripe with corruption. Sure enough, the New York…

What happens to farmers in developed nations when they or their family members get sick? Typically, much of a farmer’s savings is tied up in illiquid assets (land, crops, fertilizer, etc.) and the farmer turns to the town money lender. Since there is less competition for loans in rural areas, the money lender can charge…

“On ‘Meet the Press’ in October 2004, when Tim Russert, the host, asked Jim DeMint, a South Carolina Republican representative then in the middle of what turned out to be a successful campaign for the U.S. Senate, to explain his position in favor of a total ban on all abortion procedures. DeMint was reluctant to…