Tag Archives: financial

East West Bancorp Reports Net Income for First Quarter 2014 of $76.7 Million, up 6% from Prior Year and Earnings Per …

East West Bancorp, Inc. , parent company of East West Bank, the financial bridge between the United States and Greater China, today reported financial results for the first quarter of 2014.

Read more:

East West Bancorp Reports Net Income for First Quarter 2014 of $76.7 Million, up 6% from Prior Year and Earnings Per …

Posted in West Bank | Tagged , , , , , , , , , , , , , | Comments Off

Why There Isn't a Vaccine for Ebola

On March 28, 2014, healthcare workers from Doctors Without Borders, react, as they prepare isolation and treatment areas for their Ebola, hemorrhagic fever operations, in Gueckedou, Guinea.

Image: Kjell Gunn Beraas, Medecins Sans Frontieresar /Associated Press

As a virologist, I am often asked when science will come up with a solution to stop deadly viruses, such as the current Ebola outbreak in Guinea. With collaborators, I’ve helped design and test over a hundred potentially life-saving antiviral drugs. These have led to patents and publications, which are the hallmarks of success in my profession – yet not one of these drugs has ever made it from the lab to market.

Pharmaceutical companies are businesses they last only as long as they continue to make money. While a new wonder drug may be hugely profitable in the short-term, the financial health of a company depends on its drug development pipeline, the ability to bring a steady flow of new drugs to the market in the long term. And a company is only as strong as its pipeline.

It takes time to dream up ways to attack a virus. Often what appears to be its Achilles heel turns out to be armor plated. Viruses are adaptable and thick-skinned, and have found many various ways to survive millions of years’ worth of virus-crushing weaponry.

For every virus-stopping drug that makes it to market, several more will have dropped out during development. And many drugs that work well in sheets of cells that researchers use to grow viruses are completely ineffective in animals. Others go on to fail in people because they cause bad side effects, or are quickly broken down by the body’s filter organs. Faced with these difficulties, it is a wonder that we have any new drugs at all.

So, developing new drugs that could treat diseases like Ebola is a financially risky proposition at best, though the results of a recent Ebola treatment trial looked promising.

The current Ebola outbreak is nearing a hundred deaths in a period of about a month. As shocking as it sounds, if all of those people died in a single day, together with all the victims of SARS, MERS, bird flu, swine flu, and half a dozen viral hemorrhagic fevers, they wouldn’t produce a noticeable blip in the daily death statistics. And as deadly as Ebola is, far more in Africa will die of malaria, tuberculosis and the complications of HIV this year.

This is why the early stages of drug and vaccine development are usually undertaken by small groups of scientists working in their own labs, relying on funds by governments, charities or universities. There are many potentially deadly viruses in the world, but few are considered widespread enough to merit the tens to hundreds of millions needed to bring a new vaccine to market. The process works, but it is slow – and practicalities kick in.

There are far more viruses in the world than virologists. We each have to choose what we work on. Self-interest plays a part. Why should the government of a country like the UK expend a large amount of money on Ebola, which only seems to crop up in sub-Saharan Africa? Especially when heart disease and cancer take far more lives both here and throughout the world? Well deadly diseases don’t only cost lives.

Original post:

Why There Isn't a Vaccine for Ebola

Posted in Stop Globalization | Tagged , , , , , , , , , , , , , , | Comments Off

Globalizing World Requires Transatlantic Partnership and Leadership

Home EU Globalizing World Requires Transatlantic Partnership and Leadership Follow Us On

Speaker: Dr. Wolfgang Schuble, Minister of Finance, Federal Republic of Germany Presider: Robert M. Kimmitt, Chairman, American Council on Germany April 14, 2014

KIMMITT: Good afternoon, ladies and gentlemen. My name is Bob Kimmitt, and on behalf of the Council on Foreign Relations, I would like to welcome you to this conversation with Dr. Wolfgang Schauble, the finance minister of the Federal Republic of Germany.

Herr Bundesminister, willkommen in Washington. Mr. Minister, welcome back to Washington and to the Council on Foreign Relations. Today’s exceptionally large turnout is a real compliment to you.

German Finance Minister Wolfgang Schauble has given a lifetime of service to his country, half — half to West Germany and half to united Germany. He was a central member of the historic group that — under the leadership of Helmut Kohl and supported strongly by the United States — moved Germany from division to unity in fewer than 11 months in 1989 and ’90.

After service over decades in the Bundestag, the federal chancellery, and the interior ministry, he became federal minister of finance in October 2009, just as the financial crisis was moving from the United States to Europe. In these last five years, Wolfgang Schauble has become the most consequential finance minister in Europe and a leading figure in the G-7 and the G-20. Throughout, he’s been a superb representative of Germany, a strong supporter of a more unified and effective European Union, and a committed transatlanticist.

It’s my pleasure and honor to introduce Wolfgang Schauble, the minister of finance of the Federal Republic of Germany. Mr. Minister, the floor is yours.

(APPLAUSE)

SCHAUBLE: Thank you, Ambassador Kimmitt.

Ladies and gentlemen, it’s a great honor and pleasure for me to be here again. And I will not waste my time, but I will start immediately in saying, above and beyond all of the irritations, that the three letters in Germany, NSA stand for, this fact remains true: Like no two other actors on the global stage, the United States and Europe — what we call the Western world — share common values, common strengths, and common interests when it comes to shaping the global order of the 21st century.

Go here to see the original:

Globalizing World Requires Transatlantic Partnership and Leadership

Posted in Stop Globalization | Tagged , , , , , , , | Comments Off

A Conversation With German Finance Minister Wolfgang Schuble

Home EU A Conversation With German Finance Minister Wolfgang Schuble Follow Us On

Speaker: Dr. Wolfgang Schuble, Minister of Finance, Federal Republic of Germany Presider: Robert M. Kimmitt, Chairman, American Council on Germany April 14, 2014

KIMMITT: Good afternoon, ladies and gentlemen. My name is Bob Kimmitt, and on behalf of the Council on Foreign Relations, I would like to welcome you to this conversation with Dr. Wolfgang Schuble, the finance minister of the Federal Republic of Germany.

Herr Bundesminister, willkommen in Washington. Mr. Minister, welcome back to Washington and to the Council on Foreign Relations. Today’s exceptionally large turnout is a real compliment to you.

German Finance Minister Wolfgang Schuble has given a lifetime of service to his country, half — half to West Germany and half to united Germany. He was a central member of the historic group that — under the leadership of Helmut Kohl and supported strongly by the United States — moved Germany from division to unity in fewer than 11 months in 1989 and ’90.

After service over decades in the Bundestag, the federal chancellery, and the interior ministry, he became federal minister of finance in October 2009, just as the financial crisis was moving from the United States to Europe. In these last five years, Wolfgang Schuble has become the most consequential finance minister in Europe and a leading figure in the G-7 and the G-20. Throughout, he’s been a superb representative of Germany, a strong supporter of a more unified and effective European Union, and a committed transatlanticist.

It’s my pleasure and honor to introduce Wolfgang Schuble, the minister of finance of the Federal Republic of Germany. Mr. Minister, the floor is yours.

(APPLAUSE)

SCHUBLE: Thank you, Ambassador Kimmitt.

Ladies and gentlemen, it’s a great honor and pleasure for me to be here again. And I will not waste my time, but I will start immediately in saying, above and beyond all of the irritations, that the three letters in Germany, NSA stand for, this fact remains true: Like no two other actors on the global stage, the United States and Europe — what we call the Western world — share common values, common strengths, and common interests when it comes to shaping the global order of the 21st century.

More:

A Conversation With German Finance Minister Wolfgang Schuble

Posted in Stop Globalization | Tagged , , , , , , , , | Comments Off

Keiser Report: Troika Occupiers (E522) (ft. Peter Schiff) – Video



Keiser Report: Troika Occupiers (E522) (ft. Peter Schiff)
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss drinking the kool aid (never mind the cyanide) while the young and unemployed of I…

By: The Financial Future

Read the original here:

Keiser Report: Troika Occupiers (E522) (ft. Peter Schiff) – Video

Posted in Max Keiser | Tagged , , , , , , , , , | Comments Off

Keiser Report Episode 581 – Video



Keiser Report Episode 581
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss no country, no planet for young people as they are forced to flee their own auster…

By: The Financial Future

See the original post here:

Keiser Report Episode 581 – Video

Posted in Max Keiser | Tagged , , , , , , , , , , , , | Comments Off

Economic Meltdown 2014 Financial Collapse Gerald Celente Peter Schiff News On News – Video



Economic Meltdown 2014 Financial Collapse Gerald Celente Peter Schiff News On News
Economic Meltdown 2014 Financial Collapse Gerald Celente Peter Schiff News On News videos.. Please click here to subscribe to my channel.. Economic collapse …

By: Lucy Gear

Read the original:

Economic Meltdown 2014 Financial Collapse Gerald Celente Peter Schiff News On News – Video

Posted in Max Keiser | Tagged , , , , , , , | Comments Off

Occupy activist assaulted by cop, faces seven years in …

I didnt know Cecily McMillan two years ago, when I glimpsed her convulsing on the street, obscured from view by a cluster of NYPD officers and a confusion of Occupy protesters. Word spread swiftly through the downtown Manhattan intersection: The young woman had been assaulted by the cops; her body went into seizure, her brain unconscious, her ribs cracked. That was March 17, 2012.

Follow this link:

Occupy activist assaulted by cop, faces seven years in …

Posted in Occupy Wall Street | Tagged , , , , , , , , , , , | Comments Off

Keiser Report: Round Tripping Financial Crisis (E557) – Video



Keiser Report: Round Tripping Financial Crisis (E557)
Keiser Report: Round Tripping Financial Crisis (E557) videos.. Please click here to subscribe to my channel.. Keiser Report: Round Tripping Financial Crisis …

By: CWTiM

Read the rest here:

Keiser Report: Round Tripping Financial Crisis (E557) – Video

Posted in Max Keiser | Tagged , , , , , , , | Comments Off

ALEX JONES Environmental crisis Fukushima Nuclear Radiation Clean Up – Video



ALEX JONES Environmental crisis Fukushima Nuclear Radiation Clean Up
ALEX JONES Environmental crisis Fukushima Nuclear Radiation Clean Up videos.. Please click here to subscribe to my channel.. Economic collapse and financial …

By: Joffrey Klemenson

View original post here:

ALEX JONES Environmental crisis Fukushima Nuclear Radiation Clean Up – Video

Posted in Max Keiser | Tagged , , , , , , , | Comments Off