Drug manufacturer Merck & Co. recently settled an on-going lawsuit with its shareholders who claim the company concealed information about the cholesterol lowering drug Vytorin. According to a
clinical study referred to as ENHANCE, Vytorin was shown to be less effective than Zocor®, a less expensive cholesterol lowering drug.
Shareholders alleged Merck & Co. of concealing this information for 21 months in an attempt to make its stock more valuable. Merck settled the lawsuit by agreeing to pay a $5.1 million to cover plaintiffs’ fees. The company will also be required to report delayed test results to the board of directors if it takes longer than one year.
Vytorin was approved by the Food and Drug Administration in 2004 and it includes a combination of Zetia® and Zocor. Zetia stops the digestive system from absorbing cholesterol from food, while Zocor minimizes the amount of cholesterol produced in the liver.
Both Merck & Co. and Schering-Plough Corp. jointly marketed Vytorin as being safe and effective. Vytorin users filed a lawsuit against Merck and Schering claiming that Vytorin was not as effective as it was marketed to be. The lawsuit was later settled in a $41.5 million agreement.
An investigation of the ENHANCE clinical study raised questions about the honesty of Merck and Schering. It is believed that the data was manipulated a year and a half after Vytorin was shown not to be effective. The companies agreed to pay $5.4 million to resolve these investigations.
The lawsuits filed by shareholders and consumers for the ineffectiveness of Vytorin are not the only issues Merck battles. The pharmaceutical giant also battles a number of
Fosamax lawsuits filed by women throughout the U.S. Fosamax is a medication prescribed to treat osteoporosis. However, it was found that long term use of the drug resulted in atypical femur fractures. Currently, all
Fosamax femur fracture lawsuits are consolidated in the U.S. District Court for the District of New Jersey before Judge Garrett E. Brown for pretrial proceedings.
New York Times, Attorney General Lanny A. Breuer said “Taking advantage of his special access as a chemist at the F.D.A., Mr. Liang used sensitive inside information to reap illegal profits in the pharmaceutical securities market. “For years, he exploited his position in the agency to make easy money on the stock market. But today’s sentence shows that easy money has consequences. Investors engage in insider trading at their peril.” According to court documents, Mr. Liang told the judge, "I'm terribly sorry for what I've done.” --- On the Net:
According to a study conducted by researchers from New Zealand, a number of
Pradaxa side effects are caused by prescribing errors. On March 1, 2012, a letter was published in the New England Journal of Medicine stating that 25% of the injuries caused by Pradaxa are due to prescribing errors.
Traditional blood thinning medications, such as warfarin, contain a reversing agent. This has led researchers to suggest that the adverse side effects of Pradaxa and other new blood thinners could be reduced if there was a reversing agent present.
The Food and Drug Administration issued a safety announcement in 2011 noting the importance of paying close attention to the proper method for storing Pradaxa and also included prescribing recommendations to healthcare professionals.
Pradaxa (dabigatran is prescribed to treat atrial fibrillation not caused by a heart valve problem and is included in a class of drugs referred to as “direct thrombin inhibitors.” Atrial fibrillation is a condition in which part of the heart does not beat properly. Because of this, blood cells form into clots, and travel throughout the body. A stroke may occur if the blood clots reach the brain and a pulmonary embolism may occur if the blood clots travel to the lungs.
The FDA approved Pradaxa in October of 2010. Shortly after the FDA approved Pradaxa for the treatment of atrial fibrillation a number of adverse side effects were reported. Side effects include internal bleeding, gastrointestinal bleeding, brain hemorrhaging, heart attack, and death.
Though no recall has been issued on Pradaxa, the FDA is currently in the process of investigating internal bleeding claims. So far, more than 500 bleeding cases were reported as a result of Pradaxa use, and only 176 bleeding cases were reported with use of warfarin.
No
Pradaxa lawsuit has been filed, however, attorneys are investigating and reviewing claims brought forth by victims who claim Pradaxa caused them to suffer adverse side effects.
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Essential Functions and Responsibilities:
The Brand
Establish, support and update all interior standards.
Develop and maintain central records of Belmont Village communities including:
Finishes and Colors
FF&E
Artwork
Accessories
Capital Projects (existing communities
Coordinate annual review of interiors of all Belmont Village communities.
Recommend Capital Project investments in FF&E and budgets.
Create design specifications for all finishes including flooring, wall covering, and paint colors.
Create design specifications for all FF&E, artwork and accessories.
Present all selections for approval to the management team.
Support the in-house Purchasing Manager’s efforts in pricing, purchasing and installation of capital projects.
New Communities Design Phase
Create design specifications for all finishes including flooring, wall covering, light fixtures and paint colors.
Create design specifications for all FF&E, artwork and accessories.
Prepare a summary of all selected FF&E items (including artwork and accessories .
Present all selections for approval to the management team.
Support the in-house Purchasing Manager’s efforts in pricing, purchasing and installation of capital projects.
Inspect all installed finishes to ensure they meet specifications and notify Development Manager of any punch list items.
Inspect all FF&E to ensure it meets specifications, and order any repairs or replacements.
Verify that required attic stock has been supplied and inform Operations of its location.
Occupancy Phase
Update interior standards to incorporate feedback from Operations and Marketing.
Other Duties
Actively communicate health and safety information to employees and lead in accident, injury and illness prevention activities.
Research code requirements for FF&E and finishes in all active states.
Other duties as assigned.
Requirements:
7-10 years progressive experience in Interior Design Management.
College Degree.
Prior experience with new construction.
Knowledge of interior design principles, construction and building codes.
Ability to interpret, organize and execute the conceptual interior design of a project utilizing creativity and forethought through project completion.
Keen understanding of business strategy and hospitality trends.
Ability to work in a team environment with good collaborative skills.
Proven presentation and communication skills.
Ability and willingness to travel 25%.
Preferences:
Bachelor’s Degree.
Interior Design Management experience in the Senior Housing or Hospitality Industries.
Belmont Village owns and operates Upscale Senior Living Apartment Communities NATIONWIDE. Our Communities are designed for seniors who need some assistance with daily activities. We provide living space, meals, housekeeping services, recreational/social activities and personal support to our residents.
The only thing more beautiful than the surroundings at Belmont Village is the people with which you will work. COME FOR THE ENVIRONMENT, BECOME PART OF THE FAMILY. Our goal is to provide seniors with a way to lead happy, self-directed lives.
We are seeking LOCAL APPLICANTS ONLY. Sorry, no relocation available.
COME BE PART OF AN INNOVATIVE WINNING TEAM!
To apply click here.
We Make Aging Better
Human Resources
Belmont Village, L.P.
8554 Katy Freeway, Suite 200
Houston, TX 77024
For more information regarding Belmont Village,
or for a virtual tour visit www.belmontvillage.com
Belmont Village, L.P. is an EOE/Drug Free work place.
See job description.
Submitted by Charles Hugh Smith from
Of Two Minds
Our "Let's Pretend" Economy: Let's Pretend Student Loans Are About Education
Let's pretend student loans aren't just a stupendous and highly profitable scam being run on the youth of America. Of course pretending doesn't make it so.
We have a "let's pretend" economy: let's pretend the unemployment rate actually reflects the number of people with full-time jobs and the number of people seeking jobs, let's pretend the Federal government borrowing 10% of the GDP every year is sustainable without any consequences, let's pretend the stock market actually reflects the economy rather than Federal Reserve monetary intervention, and so on.
We also have a "let's pretend" education/student-loan game running: let's pretend college is "worth" the investment, and let's pretend student loans are about education. There are three dirty little secrets buried under the education/student-loan complex's high-gloss sheen:
1. Student loans have little to do with education and everything to do with creating a new profit center for subprime-type lenders guaranteed by the Savior State.
2. A college diploma's value in the real world of getting a job and earning a good salary in a post-financialization economy has been grossly oversold.
3. Many people are taking out student loans just to live; the loans are essentially a form of "State funding" a.k.a. welfare that must be paid back.
We've got a lot of charts that reflect reality rather than hype, so let's get started. Despite all the bleating rationalizations issued by the Education Complex, higher education costs have outstripped the rest of the economy's cost structure. Funny how nobody ever asks if there is any real competitive pressure in the Education Complex; there isn't, and why should there be when students can borrow $30,000 a year?
Student loans are skyrocketing--yes, America, we have a growth industry and it's called debt-serfdom. Debt serfdom is most effective when it starts young, so graduating with $100K in student loans and a couple thousand in high-interest credit card debt is the perfect start:
This is a chart from Zero Hedge drawn from a Federal Reserve spreadsheet:
Name The Bubble. Of related interest:
Student Loan Bubble To Exceed $1 Trillion: "It's Going To Create A Generation Of Wage Slavery" And Another Taxpayer Bailout.
Though we pretend a college degree promises a middle-class income, the reality is somewhat less rosy: earnings are flat to stagnant. Since about 30% of the workforce has a college degree now, the "edge" provided by a diploma has dulled considerably. It's supply and demand: the supply of those with college degrees exceeds the demand.
Student loans enable young people to "stay in school" or "go back to school". Waiting for the economy to pick up may or may not be a good strategy, but piling up debt to do so is a horrendously bad strategy--yet it is the one we enable and encourage.
Here's a snapshot of the employment picture. The bogus "unemployment" rate can drop to zero but that won't mean more jobs are being created.
The "engine of growth," small business, is in a tailspin. Gee, could it have anything to do with the supremacy of crony-cartel capitalism, over-regulation imposed by the Central State and local government, and skyrocketing healthcare costs?
Here's the reality. Large global firms, i.e. corporations, have been the major source of job creation in recent years. But due to a number of thorny issues such as skyrocketing costs of sickcare insurance in the U.S. and the need to develop resources within overseas markets, global companies are hiring overseas, not in the U.S., except for those with high-level experience in specific computer-software skillsets.
Even having a computer science degree isn't enough any more; employers want years of experience with a suite of software tools and they would rather poach an experienced coder from a competitor than go through the trouble of training a FOOS (fresh out of school CS major.
The truly pathetic part of the student loan scam is that is often the only State funding available to marginalized populations. Here is an on-the-ground report from Dr. M.H., who serves the woefully under-served segment of the populace with severe mental health and poverty issues:
An amazingly large portion of my patients ( drug and alcohol addicted and the psychiatrically ill are fleeing into student loans and grants to escape homelessness.
I even have previously middle-class patients ( many with previously missed "soft" bipolar illness which has got them into deep trouble due to depression and impulsiveness , some in their sixties, who are taking this route for want of any plausible alternative.
Student loans are a $1 trillion "business." Here is a "
clock" of student debt.
$1 trillion is equivalent to the external (national debt of Canada. (
List of countries by external debt. So let's pretend that loading up our students and future taxpayers with a debt load equivalent to that of an entire nation is an excellent strategy for furthering future growth and education.
What that $1 trillion does further is profits and debt serfdom. Here are a few other resources to review:
The $1 trillion student loan market begins to implode Department of Education shows two-year default rates at for-profit colleges up to 15 percent. Student loan debt increasing at a rate of $170,000 per minute.
Grading Student Loans (Federal Reserve Bank of New York
35 Shocking Facts That Prove That College Education Has Become A Giant Money Making Scam
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