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From the Archives | Goldman Sachs Asks ‘Is Curing Patients A Sustainable Business Model?’

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Gilead Sciences’ 90 percent cure rate of hepatitis C will reportedly send its sales plunging from $12.5 billion in 2015 to less than $4 billion this year.

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CBS Local, New York, NY

April 12, 2018 | Investment banking giant Goldman Sachs is reportedly asking some very cold questions about the healthcare industry and whether it’s a good business move to cure diseases.

In an April 10 financial report titled “The Genome Revolution,” company analysts allegedly posed the question “is curing patients a sustainable business model?” The report broke down the pros and cons of new gene therapy treatments being worked on by biotech companies. Turning the search for medical remedies into a numbers game, analyst Salveen Richter called potential “one shot cures” a bad business decision that will hurt a company’s bottom line.

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How to Dismantle the Absurd Profitability of Nuclear Weapons

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A new report from PAX, a Dutch peace organization, both illuminates how profitable it can be for multinational corporations to manufacture Armageddon and provides a roadmap for taking the money out of mass death.


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Jon Schwarz, the Intercept

May 4 2019 | The Bulletin of the Atomic Scientists currently has its Doomsday Clock set to two minutes to midnight — the closest we’ve been to self-obliteration in nuclear history.

But nuclear weapons are more than just a terrifying threat to every living thing on earth. For decades, they’ve been a terrific way to make money.

Jon Schwarz worked for Michael Moore’s Dog Eat Dog Films and was a research producer for Moore’s “Capitalism: A Love Story.” He’s contributed to many publications, including the New Yorker, the New York Times, The Atlantic, the Wall Street Journal, Mother Jones, and Slate, as well as NPR and “Saturday Night Live.”
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David Culver, Publisher and Editor, Evergreene Digest <http://evergreenedigest.org>

Amazon and McDonald’s top ‘Dirty Dozen’ list of dangerous firms

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  • Besides Amazon and McDonald’s, the rest of the Dirty Dozen were:
  • Related: The Problem Isn’t Robots Taking Our Jobs: It’s Oligarchs Taking Our Power.

Mark Gruenberg, People's World



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https://www.peoplesworld.org/wp-content/uploads/2019/04/Amazon-Employee-Warehouse-Ross-D.-Franklin-file-AP-640x480-461x346.jpgSpring, 2019 | Two of the nation’s largest, most-powerful and most-well-known corporations, Amazon and McDonald’s, are among the “Dirty Dozen” firms on the latest list of job safety and health lawbreakers unveiled April 25 by the National Council on Occupational Safety and Health (NACOSH).

And, not coincidentally, both are fiercely resisting current union organizing drives and by the Fight for 15 and a Union movement at Amazon warehouses and McDonald’s eateries.

https://www.peoplesworld.org/wp-content/uploads/2009/09/200x262shearon.jul10-200x200.jpg/ Mark Gruenberg is head of the Washington, D.C., bureau of People's World. He is also the editor of Press Associates Inc. (PAI), a union news service in Washington, D.C. that he has headed since 1999.

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Related:

The Problem Isn’t Robots Taking Our Jobs: It’s Oligarchs Taking Our Power. Adam Simpson, the Next System / Portside

https://portside.org/sites/default/files/styles/large/public/field/image/robots2.jpgUltimately, the better advice for workers seeking to avoid “disruption” is to become the agents of disruption themselves.

 

 

 


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Special Report | US Banks Still Foster Fossil Fuel Projects, Renege on Renewable Energy.

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Part 1: US Banks Pledged to Fund Renewable Energy, But They Still Spend Way More on Fossil Fuels.
In the years since the Paris climate agreement, banks have paid $1.9 trillion to finance fossil fuels.
Part 2: 'Radical Agents of Physical and Social Chaos': Campaigners Target Big Banks Over Destructive Fossil Fuel Projects
"It is simply nuts for banks to keep financing the ongoing destruction of the planet's climate."

Compiled by David Culver, Ed., Evergreene Digest <http://evergreenedigest.org>

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Help us tell more of the stories that matter from voices that too often remain unheard.

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Part 1: US Banks Pledged to Fund Renewable Energy, But They Still Spend Way More on Fossil Fuels.
https://www.motherjones.com/wp-content/uploads/2019/03/FossilBanks1.jpg?resize=990,556 / Scott Olson/Getty

A new study shows that in the years since the Paris climate agreement, banks have paid $1.9 trillion to finance fossil fuels.

Marisa Endicott, Mother Jones

March 28, 2019 | Each year since the Paris climate agreement, major world banks have increased their financing of fossil fuels, pouring $1.9 trillion into the industry from 2016 through 2018. And, it turns out, US banks are the worst offenders, according to a recent report published by a group of environmental organizations.

“The sad reality is that the fossil fuel sector has only grown since Paris,” says Patrick McCully, climate and energy director for the Rainforest Action Network and one of the report’s authors. “The banks are following what the industry is doing, and the industry’s able to expand because it’s able to keep getting capital from the banks…It’s just this really alarming, really terrifying dynamic going on worldwide.”

https://www.motherjones.com/wp-content/uploads/2018/12/EndicottMarisa.jpg?resize=64,64 / / Marisa Endicott <>is a Ben Bagdikian editorial fellow in San Francisco.

Full story …


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Part 2: 'Radical Agents of Physical and Social Chaos': Campaigners Target Big Banks Over Destructive Fossil Fuel Projects

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/ Climate campaigners protested JPMorgan Chase's fossil fuel investments at a San Francisco branch in May of 2018. (Photo: Antonia Juhasz/Twitter)

"It is simply nuts for banks to keep financing the ongoing destruction of the planet's climate."

Jessica Corbett, Common Dreams.

Tuesday, April 09, 2019 | Environmental campaigners this week are pressuring a pair of big banks to stop pouring billions of dollars per year into destructive fossil fuel projects that drive the global climate crisis.



"Bankers are acting as radical agents of physical and social chaos; it's time for them to pull back and pay attention to science and society." —Bill McKibben, 350.org



A coalition of more than 100 groups sent a letter (pdf) to Bank of America CEO Brian Moynihan on Tuesday urging him "to refrain from any further financing of the Atlantic Coast Pipeline (ACP) and to urge other financiers to do the same."

Jessica Corbett is a staff writer for Common Dreams.

Full story …

Related:

It’s Time to Try Fossil-Fuel Executives for Crimes Against Humanity. Kate Aronoff, Jacobin Magazine

http://climatenewsnetwork.net/wp-content/uploads/2016/05/CROP-deepwater-spill-800x400.jpg / The Deepwater Horizon oil spill in the Gulf of Mexico in 2010 Image: EPI2oh via Flickr

  • It isn't hyperbole to say that fossil-fuel executives are mass murderers. We should put them on trial for crimes against humanity.
  • Related: Brace for Impact, as the Climate "End Game" Has Arrived.


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Chris Hedges and Vandana Shiva: The Fight for Life VS Monsanto/Bayer AG

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 / Image by OccupyReno MediaCommittee via Flickr

  • In this conversation with Chris Hedges, environmental activist and author, Vandana Shiva, talks about Monsanto/Bayer AG and other big AG players interests in India and her fight to protect life forms, seed varieties and farmers.
  • Related: It’s Time to Try Fossil-Fuel Executives for Crimes Against Humanity.

Chris Hedges, RT America / Dandelion Salad


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30 Mar 2019 | This week Monsanto/Bayer AG was ordered by a California federal court to pay $80 million to Edwin Hardeman after a jury found its weed killer, Roundup, caused his cancer. The case is just one of thousands of lawsuits filed against the company over plaintiff’s use of the glyphosate-based herbicide.

In 2015, the World Health Organization classified glyphosate as probably carcinogenic to humans. The Food and Drug Administration has concluded the herbicide is not likely carcinogenic to humans. In August 2018, a jury in California state court awarded a school’s groundskeeper, Dewayne Johnson, nearly $289 million in damages. The verdict was later reduced to $78 million and is on appeal.

http://evergreenedigest.org/sites/default/files/Vandana%20Shiva.jpgVandana Shiva: scholar, environmental activist, food sovereignty advocate, and alter-globalization author.


http://evergreenedigest.org/sites/default/files/Chris%20Hedges_0.jpgChris Hedges, a weekly columnist for Truthdig, is a Pulitzer Prize-winning journalist who has reported from more than 50 countries, specializing in American politics and society.

Full story …

Related:

It’s Time to Try Fossil-Fuel Executives for Crimes Against Humanity. Kate Aronoff, Jacobin Magazine

http://climatenewsnetwork.net/wp-content/uploads/2016/05/CROP-deepwater-spill-800x400.jpg The Deepwater Horizon oil spill in the Gulf of Mexico in 2010 Image: EPI2oh via Flickr

  • It isn't hyperbole to say that fossil-fuel executives are mass murderers. We should put them on trial for crimes against humanity.
  • Related: Brace for Impact, as the Climate "End Game" Has Arrived.

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