Update regarding “Drugs: U.S. versus Mexico”

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.

Drugs: U.S. versus Mexico

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,…

Corruption in the FDA

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…

Dubai Healthcare City

My friend and General Electric financial analyst Matt Janner is currently working in Dubai.  He has sent me some wonderful articles about the emirate and one of its newest investments: “Dubai Healthcare City (DHCC).”  Here is a brief summary of what I have gleaned from these articles. Dubai is one of the fastest growing cities…

Marketplace: “One home, Two nations”

Today, most news sources’ headline story was “The Day without Immigrants.” From Los Angeles to New York to my hometown of Milwaukee, thousands marched to protest proposed immigration laws. NPR’s Marketplace radio show (“One home, Two nations“) has a wonderful portrayal of two friends–Francisco Castro and Luis Molina–and their decision of whether or not to…

Male chauvinist pig of a discipline

Not everyone is like me and enjoys employing the discipline of economics in their research. On the Gendergeek blog, the author claims in her Geek-onomics post that: It worries me that so much of the heavily gendered distortions of modern economics, in conjunction with its methodological fetishism, is unnoticed or ignored. Economics could turn out…

NFL Draft and Physician Diagnosis

Yesterday was the NFL Draft. It is a day of hope where teams can look to their future and see a potential Pro-Bowl individual joining their cadre of players. For instance my favorite team, the Green Bay Packers, selected linebacker A.J. Hawk from Ohio State University. The team was considering trading their number 5 pick…

Cost to bring drug to market: $802m

According to the PhRMA (Pharmaceutical Research and Manufacturers of America) U.S. drug companies spent $39.4 billion on research and development in 2005. Much of this money goes towards the clinical trials necessary for FDA approval. But how much does it cost to bring a drug to market? In order to bring a drug to market,…

The Greying of China

It is a great achievement that China has one of the highest life expectancy rates (72.6) of any country in the developing world. However, the CIA World Factbook reports that “One demographic consequence of the ‘one child’ policy is that China is now one of the most rapidly aging countries in the world.” The Demography…