fuzhong.org

Sunday, June 6, 2010

Reports suggest the World Health Organisation’s declaring a swine flu pandemic was an error driven by drug companies, and lead to unjustified fear. A year after the swine flu pandemic was declared, stocks are left unused and governments try to abandon contracts, pharmaceutical companies have profited at least £4.6billion from the sale of vaccines alone.

Reports by the British Medical Journal (BMJ), the Bureau of Investigative Journalism (BIJ) and the Council of Europe claim that The World Health Organisation reaction to H1N1 was influenced by pharmaceutical companies and that key scientists behind advice had financial ties with firms Roche and GlaxoSmithKline (GSK). These conflicts of interest have never been publicly disclosed by WHO, an apparent violation of its own rules.

The World Health Organisation issued H1N1 guidelines in 2004, recommending countries to stockpile millions of doses of antiviral medication. The advice prompted many countries around the world into buying up large stocks of Tamiflu, made by Roche, and Relenza manufactured by GSK.

A joint investigation with the BMJ and the BIJ, found that scientists involved in developing the WHO 2004 guidance had previously been paid by Roche or GSK for lecturing and consultancy work as well as being involved in research for the companies. “The WHO’s credibility has been badly damaged,” BMJ editor Fiona Godlee said in an editorial.

A report by the health committee of the Parliamentary Assembly of the Council of Europe, a 47-member human rights watchdog, found that the WHO’s reaction was influenced by drug companies that make H1N1 antiviral drugs and vaccines. It criticised WHO lack of transparency around the handling of the swine flu pandemic and says the public health guidelines by WHO, EU agencies and national governments led to a “waste of large sums of public money and unjustified scares and fears about the health risks faced by the European public.”

A spokesman for WHO said the drug industry did not influence its decisions on swine flu. Margaret Chan, the organisation’s director, had dismissed inquiries into its handling of the A/H1N1 pandemic as “conspiracy theories” earlier this year, she had said: “WHO anticipated close scrutiny of its decisions, but we did not anticipate that we would be accused, by some European politicians, of having declared a fake pandemic on the advice of experts with ties to the pharmaceutical industry and something personal to gain from increased industry profits.”

Yesterday, a 16-member “emergency committee” consisting of advisors from the World Health Organisation said that the H1N1 pandemic is not yet over. The WHO has refused to identify committee members, arguing that they must be shielded from industry pressure, so possible conflicts of interest with drug companies are unknown. The BMJ report also reveals that at least one expert on the “emergency committee” received payment during 2009 from GSK.

In related news, Reuters reported, Pfizer Inc, the world’s biggest drugmaker, is selling its swine vaccine business to Chinese Harbin Pharmaceutical Group for $50 million.

Monday, February 1, 2010

A decades-old building collapsed along Ma Tau Wai Road in Hong Kong at about 1:30pm on Friday, local time. That building was located at 45J, Ma Tau Wai Road in Hung Hom. A shop on its ground floor was undergoing renovations when the building collapsed. The street was full of dust afterwards. Firefighters arrived at the scene to search survivors and they asked residents in the buildings nearby to evacuate the area. Those buildings included 45G and 45H.

Chief Executive Donald Tsang called for an investigation into the cause of the building collapse. He aimed at preventing similar incidents. The government required all old buildings with similar structures to undergo inspection, according to Secretary for Development Carrie Lam.

The government has confirmed that four people were dead in the incident. Rescue efforts ended on Saturday morning when the government confirmed that no one was missing. Lam visited the scene on Saturday afternoon and sought advice from the police and Buildings Department. The police has started its investigation into the incident. Secretary for Labour & Welfare Matthew Cheung said that the government would do its best to meet the victims’ needs.

The collapsed building was more than 50 years old. The government had inspected its five-storey structure before the incident and had ordered repairs. After the tragedy, the government announced that it would inspect buildings older than 50 years in one month. The government has restricted access to buildings at 45G and 45H as they were in danger.

Friday, December 12, 2008

Top broker and Wall Street adviser Bernard L. Madoff, aged 70, was arrested and charged by the FBI on Thursday with a single count of securities fraud, also known as stock fraud and investment fraud. He allegedly told senior employees of his firm on Wednesday that his $50 billion business “is all just one big lie” and that it was “basically, a giant Ponzi scheme (since at least 2005).” Mr. Madoff faces up to 20 years imprisonment and a fine of up to $5 million. FBI agent Theodore Cacioppi said Mr. Madoff’s investment advisory business had “deceived investors by operating a securities business in which he traded and lost investor money, and then paid certain investors purported returns on investment with the principal received from other, different investors, which resulted in investors’ losses of approximately $50 billion dollars.”

The former chairman of the Nasdaq Stock Market is also the founder and primary owner of Bernard L. Madoff Investment Securities LLC, the closely-held market-making firm he launched in 1960. The firm is one of the top market maker firms on Wall Street. He founded his family firm with an initial investment of $5,000, after attending Hofstra University Law School. He saved the money earned from a job lifeguarding at Rockaway Beach in Queens and a part time job installing underground sprinkler systems.

A force in Wall Street trading for nearly 50 years, he has been active in the National Association of Securities Dealers (NASD), a self-regulatory organization for the U.S. securities industry. His firm was one of the five most active firms in the development of the NASDAQ, having been known for “paying for order flow,” in other word paying a broker to execute a customer’s order through Madoff. He argued that the payment to the broker did not alter the price that the customer received. He ran the investment advisory as a secretive business, however.

Dan Horwitz, counsel of Mr. Madoff, in an interview, said that “he is a longstanding leader in the financial-services industry with an unblemished record; he is a person of integrity; he intends to fight to get through this unfortunate event.” Mr. Madoff was released on his own recognizance on the same day of his arrest, after his 2 sons turned him in, and posting $10 million bail secured by his Manhattan apartment. Without entering any plea, the Court set the preliminary hearing for January 12.

Madoff’s hedge fund scheme may rank among the biggest fraud in history. When former energy trading giant Enron filed for bankruptcy in 2001, one of the largest at the time, it had $63.4 billion in assets. The scheme would dwarf past Ponzis, and it would further be nearly five times the telecommunication company WorldCom fraud and bankruptcy proceedings in 2002.

The Securities and Exchange Commission filed a separate civil suit on Thursday against Bernard L. Madoff Investment Securities and its eponymous founder Mr. Madoff. It was docketed as “U.S. v. Madoff,” 08-MAG-02735, by the U.S. District Court for the Southern District of New York (Manhattan). SEC, New York associate director of enforcement, Andrew M. Calamari, asked the judge to issue seizure orders on the firm and its assets, and appoint a receiver. The SEC pleads, among others, that “it was an ongoing $50 billion swindle; our complaint alleges a stunning fraud that appears to be of epic proportions.” It further accused the defendant of “paying returns to certain investors out of the principal received from other, different investors” for years. Madoff’s hedge fund business had previously claimed to have served between 11 and 25 clients and had $17.1 billion in assets under management. But virtually all of the assets were missing.

United States District Court for the Southern District of New York Louis L. Stanton on Thursday appointed Lee Richards, a Manhattan lawyer, as the firm’s receiver. A hearing is set for Friday, for a ruling on the SEC’s petition to grant plenary powers to the receiver over the entire firm, and an absolute asset sequestration.

Doug Kass, president of hedge fund Seabreeze Partners Management said that “this is a major blow to confidence that is already shattered — anyone on the fence will probably try to take their money out.”

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Saturday, August 4, 2007

Torrential monsoon rains for the past 11 days have inundated parts of Southeast Asia, heavily flooding areas of India, Nepal, and Bangladesh and affecting over 20 million people.

An estimated 1,400 have been killed across the region, as waterborne diseases have proliferated and become highly virulent in the humid and wet conditions.

The United Nations Children’s Fund, UNICEF, is currently providing relief to affected areas.

Monday, July 4, 2016

On Friday, Neymar Jr agreed to a five-year contract extension with FC Barcelona, Zlatan Ibrahimovi? to a one-year contract with Manchester United F.C. as a free agent, and Nolito joined Manchester City F.C. from Celta de Vigo for a four-year term.

Saturday, August 22, 2009

Jamaican sprinter Usain Bolt set a new world record in the 200 metres, Thursday evening at the World Athletics Championships in Berlin, Germany.

Bolt sped through the 200m in a time of 19.19 seconds, breaking the 19.32 mark set by Michael Johnson of the United States in 1996.

“I was trying, I was dying,” Usain Bolt said after the race. “It wasn’t a good race I can say but it was a fast one.”

“Unbelievable — a ridiculous race. The bend is unbelievable,” commented the aforementioned former record-holder Johnson while working for the BBC. “No one has ever run a bend like this and probably never will.”

At 6 ft 5 in (1.96 m) tall, Bolt is uniquely tall among sprinters to have held record times.

“I definitely showed people that my world records in Beijing were not a joke,” Bolt said on BBC television. “I keep telling you guys my aim is to become a legend. I don’t think about records. I don’t put myself under pressure. I know what to do and I go and execute … I did well for myself and I am on my way to becoming a legend so I am just happy.”

“We call him ‘Insane Bolt,'” commented Wallace Spearmon of the US, the third-place finisher.

Last Sunday, with a time a 9.58 seconds, the Jamaican runner set a new world record in the 100 metres, besting his own prior 9.69 second record, which he set at the 2008 Summer Olympics. In the race, he beat his main contender, Tyson Gay, who was ahead for 10m until the Bolt reached his full stride.

After the 100 metre race, Bolt said, “I was ready. I was feeling good after the semi-finals, feeling good in myself, I felt good. So I knew it was going to be a great race, I just came out here and executed it. It’s a great time, I felt I did well. I just feel good to know that I went out there and executed it.”

Even before his exploits at the World Championships, Usain Bolt was chosen as Laureus World Sports Awards’ Sportsman of the Year for 2009.

Monday, February 21, 2005

Los Angeles, California – A simple saliva test can predict whether children will get cavities, how many cavities they will get and which teeth are most vulnerable.

Developed by researchers at the University of Southern California in Los Angeles, the test quantifies the genetic component of tooth decay, spotting the risk when something can be done about it.

“When we apply this to young children, it allows us to predict what might be their future caries history—the number of cavities that they’ll get by, say, their late 20s or early 30s,” says researcher Paul Denny.

Called the Caries Assessment and Risk Evaluation (CARE) test, the test measures the relative proportions in saliva of different types of sugar chains called oligosaccharides. The same sugar chains are present on tooth surfaces.

The effect of sugar chains on teeth’s resistance to disease is analogous to the effect of “good” and “bad” cholesterol on blood vessels. “Good” sugar chains tend to repel bacteria that cause cavities while “bad” allow bacteria to bond to teeth and start the decay process. Unlike cholesterol, however, sugar chain makeup in humans is 100% genetically determined.

Denny and colleagues have found that the sugar chain makeup in saliva can predict a child’s future cavity history to plus or minus one cavity with greater than 98% confidence.

The findings suggest that in developed areas of the modern era genes play a more significant role in tooth decay than in former times or third world nations where gross malnutrition and negligent oral hygiene held the greatest impact on dental health.

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Thursday, July 24, 2008

A bus crash in Victoria, Australia has injured at least 20 people, two of whom are listed as critical. One victim is reported to be still trapped in the wreckage.

The accident occurred between a bus and a semi-trailer on the Princes Highway in the Traralgon area around 10:50am AEST. The La Trobe Valley Busliner bus was traveling east when it collided with the back of a heavy haulage truck.

Those critically injured are being airlifted to a hospital in Melbourne. Others are being transported by Ambulance to La Trobe Valley Hospital in Traralgon.

SES crews are on scene, along with St. John Ambulance and fire crews.

The eastbound lanes of the highway have been blocked by police and traffic is being diverted.