Category Archives: Social Issues

Cancer Drugs Prices

To most of us it’s hardly surprising!! A new analysis found that the claim by drug companies justifying the high price of drugs by the expenses of research and development cannot be proven. In an article published in JAMA Internal Medicine, the researchers found that the cost of developing a new drug is around $650 million. The drug companies put that cost at $ 2.7 billion or several times the actual cost established by the researchers. On top of the $650 million the researchers add another $100 million to cover the cost of what the companies would have gained by Continue reading

AI Investments by Government or by Others?

When problems don’t have a physical face, they are harder to see and easier to dismiss. Yet they can have deeper impact than many we can recognize. A powerful example is investment in research and development such as those in AI (artificial intelligence). It is something the government used to do, but is doing less and less and is slated to do even less in the Trump administration. It doesn’t mean that advances are not being made, they are. It means that much of the advances are made by the so called big five, sometimes called the Frightful Five—Amazon, Apple,  Facebook, Google and Microsoft. But Continue reading

Amazon and Whole Foods–Good or Bad?

By all accounts Amazon’s purchase of Whole Foods, if it indeed goes through, is a very big deal. No one denies it will have many consequences, whether those consequences are good or bad. What will precisely be the nature of those consequences, though, is not so agreed upon. Of course it may depend on how far into the future one looks. In the near term it is said it will change the food industry, the habits of customers for whom ordering on line may well be easier, the delivery of goods, the nature of retail, the competition to be the largest retailer and for what’s would be left of the retail industry. Amazon which went public in 1997 was then worth $438million with a  stock price of Continue reading