Monday, December 24, 2007

2008 Holiday Schedule for the NYSE, NASDAQ and AMEX

2008 Holiday Schedule for the NYSE, NASDAQ and AMEX
TuesdayJanuary 1New Year's Day
MondayJanuary 21Martin Luther King Jr.'s Birthday (Observed)
MondayFebruary 18Presidents' Day
FridayMarch 21Good Friday
MondayMay 26Memorial Day
FridayJuly 4Independence day*
MondaySeptember 1Labor Day
ThursdayNovember 27Thanksgiving Day*
ThursdayDecember 25Christmas Day*
*The markets will close at 1:00 p.m. on Thursday,July 3, 2008; Friday, November 28, 2008; andWednesday, December 24, 2008.

Sunday, December 23, 2007

FDA Members Alleged to Be Involved in Scandalous Ethical Violations

This story provides a revealing look into the mechanics of the FDA drug approval (or disapproval) process, and the picture is not pretty.  If the allegations are true, it would appear that doctors serving on the FDA advisory panel have voted against granting approval to market potentially life-saving drugs largely—if not solely—for the reason that they have large financial investments in companies that produce rival treatments.  Does it get any uglier than this?