CONGRESS
1. Former F.D.A. Chief Is Charged With
Conflict
http://www.nytimes.com/2006/10/17/washington/17fda.html?_r=2&th=&adxnnl=1&oref=slogin&adxnnlx=1198166538-kmS4fFvhs4yX0X9p5lUOQA
| This USA Today piece examines the
bribery and fraud scandals currently rocking Washington. Tens of millions of dollars,
along with luxury travel and expensive gifts, have been used to influence or outright
bribe members of Congress. The problems are personified by Republican lobbyist Jack Abramoff, who gave money and favors to the rich and powerful, and billed the Indian tribes that were his clients $82 million. He is cooperating with federal prosecutors on a case that may implicate members of Congress and Bush administration officials. The Abramoff scandal comes in addition to Republican majority leader Tom DeLay stepping down from his leadership post after being charged with felony conspiracy to launder campaign money, and Republican congressman Randy "Duke" Cunningham resigning after pleading guilty to taking at least $2.4 million in bribes. 32,890 lobbyists were registered last year, three times the number registered ten years ago. Annual spending on lobbying has grown from $800 million in 1996 to $2.2 billion in 2005. |
USA Today January 10, 2006 |
2. Director, Division of Enforcement
U.S. Securities and Exchange Commission
100 F. Street NE
Washington, D.D. 20549-0213
Ms. Thomsen:
We are writing to request tht you investigate insider trading activity between Thomas
Frist, Jr. and his brother Bill Frist, the current U.S. Senate Majority Leader. Thomas
Frist, Jr. is the largest individual shareholder in HCA, (Hospital Corporation of America)
with 5.5 million shares that were worth over $263 million at the end of trading today. Mr.
Frist is an HCA Director, and has also held the positions of Chairman, Predsident and
Chief Executive Officer at the company.
Senator Frist sold all the HCA, shares owned by himself and his immediate family, worth
millions of dollars according to U.S. Senate disclosures, just two weeks prior to a
disappointing earnings report that resulted in a double digit drop in the value of
the shares.
Frists father founded the company. His brother, Thomas, ran the company and
continues to hold a positiion of influence. Thomas Frist, Jr. qualifies as an insider
under the Securities and Exchange Act.
Senator Frist instructed the manager of his shares to sell them in mid-June as the price
of HCA stock was peaking. His shares were sold by July 1 and his familys shares sold
on July 8. The companys stock value fell precipitously on July 13 after the
announcement of poor quarterly earnings that failed to meet expectations.
Given the close relationship between Senator Frist and Thomas Frist, it is imperative that
their communications concerning th sale of Senator Frists HCA stock be investigated
fully, including use of you subpoena power to acquire phone and financial records, board
meeting minutes, and othr pertinent records to verify the veracity of the assertions by
the subjects of the investigation.
Sincerely,
Jamie Court
Carmen Balber
cc Eliot Spitzer, New Your State Attorney General
U.S. Attorneys, Southern District of New York, Southern District
of Tennessee
3.
NVIC-BL Fisher Note:
Drug companies making vaccines have used blackmail tactics before to try to bully Congress
into letting them off the hook for vaccine injuries and deaths. They did it in the 1970's
with the bogus swine flu scare that convinced Congress to immunize companies from all
liability for the hastily prepared swine flu vaccine that ended up brain damaging many
Americans, few of whom ever got the promised "government compensation" they were
supposed to get.
Vaccine makers blackmailed Congress in the 1980's, threatning to leave the nation
without any childhood vaccines if they were not given protection from lawsuits on behalf
of children brain damaged from the highly reactive whole cell DPT vaccine. Congress passed
the National Childhood Vaccine Injury Act of 1986 that eliiminated almost all liability
for doctors and vaccine manufacturers. It worked: there were four drug companies marketing
vaccines in the U.S. in 1982 (Wyeth, Lederle, Merck, Connaught) and today that number has
doubled to eight (Wyeth, Merck, Sanofi Pasteur, GlaxoSmithKline, Medimmune, Chiron,
Bioport, Vaxgen).
Now big Pharma wants to cut off citizen access to the judicial system if they are
harmed by experimental or licensed vaccines potentially mandated to be used whenever the
Secretary of Health and Human Services declares a public health emergency and Governors
follow suit (see NVIC letter to Senate staffer Kadlec at www.nvic.org). The Pharma
bail-out by Congress will result in vaccine casualties who will be left to fend for
themselves for the rest of their lives long after the "emergency" is over.
4. "We
must ensure the federal government acts as a partner with the private sector, providing
the incentives and protections necessary to bring more and better drugs and vaccines to
market faster, "Sen Richard Burr, R-N.C.
2003-2004, Richard Burr received donations from the Health industry amounting to more than
$500,000.
5.
SANTA MONICA, Calif., Dec. 22 /U.S. Newswire/ -- 38 U.S. Senators with up to $13.4 million
in pharmaceutical holdings increased the value of their stock portfolios last night when
they approved an amendment to the defense appropriations bill that immunizes drug makers
from accountability to the public when they sell dangerous drugs and other products,
according to the Foundation for Taxpayer and Consumer Rights (FTCR).
"When Senators can vote to harm the health and safety of the American public and line
their own pockets while they're at it, the motive behind every vote is in question. No
Senator should be able to vote in his own financial interests at the expense of the
public," said Carmen Balber, consumer advocate with the nonprofit, nonpartisan
Foundation for Taxpayer and
Consumer Rights.
FTCR released an analysis of Senate personal financial disclosures last week, revealing
that 42 senators -- 27 Republicans and 15 Democrats -- held pharmaceutical stock worth
between $8.1 and $16 million in 2004. Senators earned an additional $2.5 to $7.2 million
in capital gains and dividends, and two senators' spouses also earned salaries from
pharmaceuticals. View the analysis: http://www.consumerwatchdog.org/resources/SenPharma.pdf.
"The fact that Senators had the guts to block oil drilling in the Arctic National
Wildlife Refuge, but failed to eliminate this giveaway to the pharmaceutical industry,
shows this body is beholden to drug companies and their personal stake in the industry's
profits," said Balber.
The 38 Senators with pharmaceutical
stock that voted for the provision are:
Allen (R-Va.), Bayh (D-Ind.), Bingaman (D-N.M.), Bond (R-Mo.), Boxer
(D-Calif.), Brownback (R-Kan.), Burns (R-Mont.), Carper (D-Del.), Coburn
(R-Okla.), Cochran (R-Miss.), Conrad (D-N.D.), Crapo (R-Idaho), Dayton
(D-Minn.), DeWine (R-Ohio), Dole (R-N.C.), Ensign (R-Nev.), Feinstein
(D-Calif.), Frist (R-Tenn.), Hatch (R-Utah), Hutchison (R-Texas), Inhofe
(R-Okla.), Isakson (R-Ga.), Kerry (D-Mass.), Kyl (R-Ariz.), Landrieu
(D-La.), Lautenberg (D-N.J.), Levin (D-Mich.), Lieberman (D-Conn.), Lott
(R-Miss.), Reed (D-R.I.), Reid (D-Nev.), Roberts (R-Kan.), Stevens
(R-Alaska), Sununu (R-N.H.), Talent (R-Mo.), Vitter (R-La.), Voinovich
(R-Ohio) and Warner (R-Va.). Four Senators with pharmaceutical holdings did
not vote.
The provision grants immunity to drug companies for any vaccine or product, classified by
the Bush Administration as necessary to respond to a public health threat, when patients
are harmed by dangerous drugs. Its broad language will protect any product considered a
"countermeasure," not just vaccines or drugs needed to respond to health
emergencies.
Sen. Bill Frist added the provision to the defense conference report, approved by
the House of Representatives on Sunday, after conferees had signed what they were told was
the final product. Nine members of the Senate conference committee hold pharmaceutical
stock.
Sen. Frist's blind trust included stock in drug companies Abbott Laboratories and
Johnson & Johnson through 2004, each worth $15,000 to $50,000 when the trust was
created. Frist also reported holdings in Orthodontic Supply Inc. worth between $1,001 and
$15,000.
Congressional leaders tried to provide similar protection to the makers of the vaccine
additive Thimerosal in 2002 with an amendment to a Homeland Security bill based on
legislation Frist carried. Public backlash forced the Senate to remove the immunity
provision.
6. Politicians who got the most pharmaceutical company contributions:
George
Bush---$850,000
Orrin Hatch---$650,000
Bob Franks---$250,000
Rick Lazio---$250,000
Bill Bradley---$150,000
Bill Thomas---$150,000
Spencer Abraham----$125,000
Bill Frist---$100,000
Al Gore---$100,000
Joe Lieberman---$100,000
Rudolph Guiliani---$98,000
These
totals are since 1990. Millions of dollars paid to lobbyists is not included.
It is also not known what was agreed to in advance prior to this money being paid.
| 7. October 31, 2005:
10:55 AM EST By Nelson D. Schwartz, Fortune senior writer |
| NEW
YORK (Fortune) - The prospect of a bird flu outbreak may be panicking people around the
globe, but it's proving to be very good news for Defense Secretary Donald Rumsfeld and
other politically connected investors in Gilead Sciences, the California biotech company
that owns the rights to Tamiflu, the influenza remedy that's now the most-sought after
drug in the world. Rumsfeld has thus made millions of dollars on tamiflu, assisted by the hyped avian flu threat, the excessively hopeful approach of governments to the dangerous drug tamiflu, and federal government contracts for tamiflu. "Rumsfeld isn't the only political heavyweight
benefiting from demand for Tamiflu, which is manufactured and marketed by Swiss
pharma giant Roche. (Gilead receives a royalty from Roche equaling about 10%
of sales.) Former Secretary of State George Shultz, who is on Gilead's board,
has sold more than $7 million worth of Gilead since the beginning of 2005. |
8. Biological Terrorism Dangers Overstated, Expert
Says
By David Ruppe
Global Security Newswire
WASHINGTON U.S. biodefense advocates have been crying wolf on the
potential for catastrophic bioterrorism, playing up worst-case scenarios and driving
billions of dollars into developing questionable defenses against questionable threats, a
U.S. military analyst said yesterday (see GSN, March 9).
| 9. This USA Today piece examines the bribery
and fraud scandals currently rocking Washington. Tens of millions of dollars, along with
luxury travel and expensive gifts, have been used to influence or outright bribe members
of Congress. The problems are personified by Republican lobbyist Jack Abramoff, who gave money and favors to the rich and powerful, and billed the Indian tribes that were his clients $82 million. He is cooperating with federal prosecutors on a case that may implicate members of Congress and Bush administration officials. The Abramoff scandal comes in addition to Republican majority leader Tom DeLay stepping down from his leadership post after being charged with felony conspiracy to launder campaign money, and Republican congressman Randy "Duke" Cunningham resigning after pleading guilty to taking at least $2.4 million in bribes. 32,890 lobbyists were registered last year, three times the number registered ten years ago. Annual spending on lobbying has grown from $800 million in 1996 to $2.2 billion in 2005. |
USA Today January 10, 2006 10. Drugmakers Go Furthest to Sway Congress http://www.usatoday.com/money/industries/health/drugs/2005-04-25-drug-lobby-cover_x.htm 11. How much appreciation did vaccine makers show to Senate Majority Leader Bill Frist of Tennessee who would protect drugmakers from lawsuits related to flu vaccines? Bob Catalano 12. Drug companies and their officials contributed
at least $17 million to federal candidates in last year's elections, including nearly $1
million to President Bush and more than $500,000 to his opponent, John Kerry. At least 18
members of Congress received more than $100,000 apiece. |
14. Senate Majority Leader Bill Frist (R-Tenn.) has
maintained for years that his stock holdings in the nation's largest for-profit hospital
chain posed no conflict of interest for a policymaker deeply involved in health care
matters.
http://www.washingtonpost.com/wp-dyn/content/article/2005/09/21/AR2005092102065_pf.html
15....Frist said to rig bill for drug firms....
http://www.informationclearinghouse.info/article11849.htm