This Bloomberg story on Glaxo, Avandia (diabetes drug) and the risk of heart attack it causes, whether Glaxo was aware, informed patients, physicians, etc. has an all-too-familiar and depressing ring to it. GSK’s explanation on its web site appears convincing until you read this piece in NYT and the last lines:
In 1999, for instance, Dr. [...]
Reading the sentence below from this site,
My generation has grown up bombarded by CNN images of tanks, terrorists and children with swollen bellies covered in flies,” said sophomore Jacob Seigel-Boettner, 21, a global poverty minor currently studying in Croatia.
I was reminded of William Easterly’s post on ‘How to write about poor people’. He did a [...]
‘Economist’ thinks that there is no broken society in Britain. What say you?
Link from Paul Kedrosky on Niall Ferguson’s infidelity. Fascinating in its own way. Maintaining a certain consistency between what one says, one believes and does is, well, hard.
Again, thanks to Paul Kedrosky, this article in defence of Greenspan or a platform for Greenspan to [...]
Every day, in my mail box, I receive a mail from www.charityfocus.org. For the most part, I try to see what it says. Today, I decided to catch up with a few of them that I had not. The first one said that the best way for managers to become better leaders was to give [...]
Sunanda Datta-Ray’s Op-Ed in BS focuses on the recent Regional Outlook Forum (ROF) hosted by the Institute of Southeast Asian Studies (ISEAS). It is an annual event and it is useful to get a perspective on some of the Southeast Asian economies. Usually, the proceedings are non-controversial.
The ‘private Indian’ that he refers to in his [...]
On December 11th, I posted my last comment for the year 2009. On Dec. 14th, DubaiWorld made the principal (or coupon or loan installment) payment that fell due. It was a non-event. The all-day rain on Dec. 13th in Dubai was more newsworthy.
Abu Dhabi bailed out the Dubai government. That was substitution of one creditor [...]
Thanks to Barry Ritholtz, I came across this latest by Matt Taibbi (famous for his description of Goldman Sachs as vampire squid) on how the present democratic administration sold out to Wall Street. I have not read it. But, thought I should flag it. It should be interesting.
I was there in CNBC studios in Singapore [...]
I simply love this post:
So, that’s the way the world w orks, at least for me, and when I don’t get enough work done during the WORKing day, then I spend the rest of the time trying to work too. It’s tiring but I can’t live easily without it. [More here]
I think he speaks for [...]
Countries where quality of life has improved the most since 1990. Believable?
A truly bizarre decision.
(update: this comment in TIME and the slideshow produced with the aid of photoshop are well worth a look)
Rising and persisting unemployment, falling purchasing power of the currency and top-heavy income concentration not good news for domestic peace prospects.
Will be useful [...]
Came across a blog at the World Bank just now called, ‘Crisis Talk’. Its post of September 18th suggested several weekend readings. One of them was the Devil’s Dictionary of Finance and had reproduced an example:
STRESS TEST, n. 1. A measure of arterial blood flow to the head. 2. Alchemic process by which struggling, undercapitalized banks [...]
Bare Talk at Mint
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