report profit.
Brad Evans
28 November 2008
27 November 2008
26 November 2008
Manchester United: AIG to remain
sponsor. GBP 14 million/year! If AIG backs out, LG and another company are lined up to take their place.
Brad Evans
Brad Evans
25 November 2008
24 November 2008
Sodium oxybate
is GHB. It's currently being used for excessive daytime sleepiness and cataplexy. Now, it may be approved for fibromyalgia, according to DIA:
Sodium oxybate may reduce pain in patients with fibromyalgia, study suggests.
Bloomberg News (11/21, Pollack) reports, "Jazz Pharmaceuticals Inc. and UCB SA said their treatment for fibromyalgia," sodium oxybate "reduced patients' pain and fatigue in an advanced study." In the study of 548 patients," researchers found that "sodium oxybate, helped patients achieve a 30 percent reduction in pain compared with a placebo." Jazz will "ask by the end of 2009 that the U.S. Food and Drug Administration clear the therapy for sale. UCB anticipates requesting European Union clearance later."
Brad Evans
Viagra #2
Pfizer wanted to make it over-the-counter, but abandoned this idea, according to DIA:
Pfizer abandons bid to make 50-milligram Viagra available OTC in Europe.
The AP (11/20) reported, "Pfizer Inc. said Thursday it has withdrawn an application to make 50-milligram Viagra (sildenafil citrate) tablets available over the counter in Europe."
According to Bloomberg News (11/21, von Schaper), Pfizer "pulled its application with European regulators to sell a 50-milligram dose to consumers for over-the-counter use, the European Medicines Agency's (EMEA) Committee for Medicinal Products for Human Use said in a statement." The company "has been authorized to sell the prescription drug in the European Union since 1998 in 25-milligram, 50-milligram, and 100- milligram doses."
BBC News (11/20) reported that "the EMEA's Committee for Medicinal Products for Human Use (CHMP), had major concerns over making Viagra available over-the-counter." According to a CHMP spokeswoman, if Viagra "is available without prescription, there is no medical supervision which could delay diagnosis of underlying disease. The CHMP was particularly worried about the diagnosis of overt and silent cardiovascular disease, of which [erectile dysfunction] can be an early marker." She added that "a switch to being an over-the-counter medicine could lead to an increase in people who are not intended users taking Viagra recreationally."
The Financial Times (11/20, Jack) added that "the decision is a setback to Pfizer's efforts to boost sales in the increasingly competitive market for erectile dysfunction drugs ahead of the expiry of its patent in 2013, in the face of growing sales from two patented alternatives as well as many unregulated suppliers of counterfeits." If the company's application to the EMEA "had been approved, it would have only been the second [European Union]-wide approved switch of a prescription drug to non-prescription use. Alli (orlistat), GlaxoSmithKline's weight-loss medicine, was approved" in October. The Times noted that "the drug's growth had been restricted because many governments' national health services and health insurance funds failed to reimburse patients prescribed it." The U.K.'s Press Association (11/20) and AFP (11/20) also covered the story.
Brad Evans
Viagra
is now being used to improve athletic performance:
Researchers investigating whether Viagra may give athletes an unfair advantage.
In a front-page story, the New York Times (11/23, A1, Longman) reported that a study being conducted at Marywood University and financed by the World Anti-Doping Agency is investigating whether Viagra (sildenafil citrate) creates "an unfair competitive advantage in dilating an athlete's blood vessels and unduly increasing oxygen-carrying capacity." Earlier studies have found that the drug may enhance physical performance. A study "published in 2006 in The Journal of Applied Physiology" found "that some participants taking Viagra improved their performances by nearly 40 percent in 10-kilometer cycling time trials conducted at a simulated altitude of 12,700 feet -- a height far above general elite athletic competition." In addition, "a 2004 German study of climbers at 17,200 feet at a Mount Everest base camp, published in The Annals of Internal Medicine, found that Viagra relieved constriction of blood vessels in the lungs and increased maximum exercise capacity." from DIA
Brad Evans
Milwall
loses 6 million GBP. Owner is looking long term and is not worried. Attendance is dropping, probably because of the fiscal crisis. The public company is Milwall Holdings.
Brad Evans
Brad Evans
Juventus
New stadium for Juventus. Their current stadium is not friendly for the fans. How long have they had this stadium I wonder?
Brad Evans
Brad Evans
21 November 2008
Newcastle United
Mike Ashley shoots himself in the foot. His bad management has led to empty seats (which used to be rare) and now the selling price of the club will presumably decrease.
Brad Evans
Brad Evans
Bernie Ecclestone in divorce proceedings
Slavica, his wife, has filed for divorce. He reportedly put billions of his money in his wife's name, presumably for tax reasons.
Brad Evans
20 November 2008
18 November 2008
Glasgow Rangers
sign with Ebel and CocaCola. The CocaCola deal is worth "six figures... for three years."
Brad Evans
Brad Evans
12 November 2008
Banks no longer subject to Section 382 of Tax Code
Section 382 of the Tax Code was designed to prevent profitable companies from purchasing companies with losses and thereby avoiding tax. No matter how you feel about this, the Treasury usurped its authority in making banks free of section 382. The cost to taxpayers is estimated at $110-150 billion. Perhaps the Treasury should give back $150 Billion of the bailout funds.
Furthermore, Congress is mad, but also scared to reinstate Section 382 for banks, fearing they will be blamed for a Great Depression.
Brad Evans
Furthermore, Congress is mad, but also scared to reinstate Section 382 for banks, fearing they will be blamed for a Great Depression.
Brad Evans
11 November 2008
Liverpool
Shareliverpoolfc wants investors to help it purchase Liverpool FC. GBP 5000 per investor. It's a good football club, and the group looks like a good group. I don't know about the debt rung up by Hicks and Gillett. There's also the question of the new stadium to consider.
Brad Evans
Brad Evans
Newcastle United
Anschutz Entertainment Group set to take over Newcastle. AEG already has some football investments in Europe. I think good news for Newcastle and its fans. Good news for AEG too.
Brad Evans
Brad Evans
10 November 2008
West Ham
Gudmundson may be forced to sell West Ham. This is because of the effect of the financial crisis on Iceland.
Brad Evans
Brad Evans
08 November 2008
Obama again
The plan is to require community service, but the wording was changed from "require" to "set a goal."
It doesn't look like words mean a lot. He's a free trader, but he's not; he won't set economic policy now, but he will. I'm afraid we will have to watch what he does, not what he says.
Sowell talks about conflicting visions. He divides people into those who want protection from the government and those who want to use the government and laws to advance their agenda. Obama is in the 2nd group. He has Rahm Emmanual to push through his agenda. I don't think that the current fiscal crisis, or the projected fiscal crisis related to government pensions and health care, to Medicare, and Social Security, will deter his administration from trying to achieve their goals.
The Bush Administration damaged our freedoms. It looks like the Obama administration will be worse (if that's possible) for liberty and freedom.
Brad Evans
It doesn't look like words mean a lot. He's a free trader, but he's not; he won't set economic policy now, but he will. I'm afraid we will have to watch what he does, not what he says.
Sowell talks about conflicting visions. He divides people into those who want protection from the government and those who want to use the government and laws to advance their agenda. Obama is in the 2nd group. He has Rahm Emmanual to push through his agenda. I don't think that the current fiscal crisis, or the projected fiscal crisis related to government pensions and health care, to Medicare, and Social Security, will deter his administration from trying to achieve their goals.
The Bush Administration damaged our freedoms. It looks like the Obama administration will be worse (if that's possible) for liberty and freedom.
Brad Evans
GM's cash burn rate
GM will run out of cash by the end of 2008. Whoever thought we'd be calculating a cash burn rate for GM?
Brad Evans
Brad Evans
Obama
How will he do as President?
I am a little worried. He says that he is a "free-trader," then, in the next breath, explains that he is not really a free trader. He says that Bush will make executive branch economic decisions, then wants an economic stimulus package. He particularly wants more money to bailout the auto companies. I am afraid that the auto companies have large leaks and no amount of bailout will alter their outcome. They will sink.
Brad Evans
I am a little worried. He says that he is a "free-trader," then, in the next breath, explains that he is not really a free trader. He says that Bush will make executive branch economic decisions, then wants an economic stimulus package. He particularly wants more money to bailout the auto companies. I am afraid that the auto companies have large leaks and no amount of bailout will alter their outcome. They will sink.
Brad Evans
Convicted Felons and Politics...
UK takes Thaksin Shinawatra's Visa away. Meanwhile, Ted Stevens may be the first convicted felon elected to the Senate.
Brad Evans
Brad Evans
07 November 2008
Chemicals in schools...
Not drugs. Well, maybe drugs AND chemicals used in shop and chemistry classes. Probably not as big a problem as suicide and drug abuse, but still a worry.
Brad Evans
Brad Evans
04 November 2008
Newcastle United and "Greater Fool Theory"
Two Americans want to buy Newcastle United from Mike Ashley, from The Political Economy of Football:
"TWO US INVESTORS IN FOR MAGPIES – 5/11/08
Two US-based investors are left in the race to buy Newcastle United off Mike Ashley. Both of them are believed to already be involved in the management of sports franchises. Seymour Pierce who are acting as advisers on the sale of the club have confirmed that the original field of seven potential bidders has been whittled down to two. It is believed that Mike Ashley has scaled down his expectations of what he can get from the sale following recent financial turmoil. Having invested £250m in the club, including paying off its debts, he now accepts that at best he could make only a small profit from the sale. It is understood that he would not necessarily take the highest offer available, but agree a sale to an investor with the better financial credentials. It is thought that any sale is likely to go through before the January transfer window in which any new owner would like to be involved.
The fact that the two main bidders are American is a development that has a significance beyond Newcastle United. I had thought that recent financial developments made it likely that we would see fewer American investors, also bearing in mind the difficulties have occurred in raising funds for stadium development at Liverpool. What I had perhaps underestimated was that the fall of the pound against dollar would make investment in sterling assets better value for those holding dollars. The one concern I have about American owners is that sport in the United States is organised on a rather different basis. 'Franchises' can be moved across the country and promotion and relegation does not form part of major American sporting competitions including soccer's MSL. However, although Liverpool offers an unhappy example of American ownership, and Manchester United a contested one, a Villa fan told me recently how pleased he was with Randy Lerner's stewardship at Villa. In his view, the combination of Lerner as owner and O'Neill as manager was a match made in heaven. Let's hope that passionate Geordie fans can get a similar result. "
Brad Evans
"TWO US INVESTORS IN FOR MAGPIES – 5/11/08
Two US-based investors are left in the race to buy Newcastle United off Mike Ashley. Both of them are believed to already be involved in the management of sports franchises. Seymour Pierce who are acting as advisers on the sale of the club have confirmed that the original field of seven potential bidders has been whittled down to two. It is believed that Mike Ashley has scaled down his expectations of what he can get from the sale following recent financial turmoil. Having invested £250m in the club, including paying off its debts, he now accepts that at best he could make only a small profit from the sale. It is understood that he would not necessarily take the highest offer available, but agree a sale to an investor with the better financial credentials. It is thought that any sale is likely to go through before the January transfer window in which any new owner would like to be involved.
The fact that the two main bidders are American is a development that has a significance beyond Newcastle United. I had thought that recent financial developments made it likely that we would see fewer American investors, also bearing in mind the difficulties have occurred in raising funds for stadium development at Liverpool. What I had perhaps underestimated was that the fall of the pound against dollar would make investment in sterling assets better value for those holding dollars. The one concern I have about American owners is that sport in the United States is organised on a rather different basis. 'Franchises' can be moved across the country and promotion and relegation does not form part of major American sporting competitions including soccer's MSL. However, although Liverpool offers an unhappy example of American ownership, and Manchester United a contested one, a Villa fan told me recently how pleased he was with Randy Lerner's stewardship at Villa. In his view, the combination of Lerner as owner and O'Neill as manager was a match made in heaven. Let's hope that passionate Geordie fans can get a similar result. "
Brad Evans
Chelsea has financial problems?
Chelsea sacks 60% of international scouts. Frank Arnesen is still head of scouting and youth development.
Brad
Brad
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