patrick.net

So much for creating wealth..

FDA and it's internal report from 2007 on fulfilling it's mission: In a nutshell they can't. If anything has significantly changed in 2013, I would be happy to receive that information; having said that, I don't know that there has been any meaningful improvement in the last 6 years.

But "they" seem to do a good job of suppressing info, as even finding this juicy tidbit was a challenge.

AFAIK, the FDA is failing miserably in its stated mission

http://www.fda.gov/OHRMS/dockets/AC/07/briefing/2007-4329b_02_01_FDA%20Report%20on%20Science%20and%20Technology.pdf

Nobody says

4. FDA no longer overseas the food safety killing kids and elders who are vulnerable.

Where was the FDA on this?.....Asian shrimp raised on pig feces....Has it stopped yet? Waiting on anyone who can shed light on this topic as I would hope to be better informed

http://www.bloomberg.com/news/2012-10-11/asian-seafood-raised-on-pig-feces-approved-for-u-s-consumers.html

Had the misfortune of going to Emory from 1994-1998. It is a place is utterly devoid of school spirit where they were charging 8c for a pat of butter and 15c for cream cheese. This was during the Bill Chace era.

Bain is about making money and Emory makes money off the backs of people hungry for prestige. Seems like liberal democrats and republicans like that equally.

Being a country-fried republican at Emory: automatic outcast

thomaswong.1986 says

According to BuyOuts magazine and S&P Capital IQ, Bain’s other college clients have included Cornell, Emory, the Massachusetts Institute of Technology, Notre Dame and the University of Pittsburgh. Preqin reports that the following schools have placed at least $424.6 million with Bain Capital between 1998 and 2008:

They put money into their own pockets at the expense of destroying main street. I don't have good evidence on it, just observation. Home depot killed the neighborhood hardware store and staples killed the mom-and-pop office supply store. I suspect that they made money for their investors at the expense of the aggregate economy

American in Japan says

They may have made money as a benefit, but I am still not convinced that any wealth was created by Bain Capital. On principle I would have to say that I wish they had invested with another company even if it meant slighty lower gains. At least I have been reading the various links (many can't be bothered with more than short soundbites.) Someone eloquently stated that there is a difference between "entrepreneur" and "capitalist".

The people that support the party of the 'corporate raiders' (Usu republican) are also the type of idiots who need to demonstrate their patriotism by putting up a flag on the back of their car. Being a good citizen means generating something worthwhile and adding to the GDP, without parasitizing other areas of economy to do so. And paying fair share of taxes in the process.

Rationalizing corporate raiders: not nearly as patriotic

CaptainShuddup says

Corporate Raiders became acceptable in the 80's so the stigma that it had back then does not apply to today. Now had this been the "Good fight" for all these years, I could understand the distraction.

Not that I'm an Obama fan necessarily, but I love people who thought Romney was a good candidate based on having 'business experience'

marcus says

But if you're running for President, it might be nice if you have a history of personal goals other than just providing for yourself and your family (without regard for who gets harmed in the process).

Not sure that elite universities aren't parasitic in their quest for cash

MMR says

Had the misfortune of going to Emory from 1994-1998. It is a place is utterly devoid of school spirit where they were charging 8c for a pat of butter and 15c for cream cheese. This was during the Bill Chace era.

Bain is about making money and Emory makes money off the backs of people hungry for prestige. Seems like liberal democrats and republicans like that equally.

CaptainShuddup says

Corporate Raiders became acceptable in the 80's so the stigma that it had back then does not apply to today. Now had this been the "Good fight" for all these years, I could understand the distraction.

Lunch with Gordon Gekko? Sure. Hang out at his parties? Sure. Put him in the White House? Fuck no!

There's a difference between having a secret admiration for someone whose principles you despise, and putting a sociopath in charge of foreign policy and nuclear launch codes.

Good insights here distinguishing rentierism from "innovative" capitaism:

How rich moochers ruin America (Salon.com)

The election is over but this problem is worse than ever.