The Nation's Financial Condition

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Brooklyn
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Re: The Nation's Financial Condition

Post by Brooklyn »

99,000 new jobs. Admittedly, it's fewer than we would like. But it sure surpasses the losses of jobs we had under tRump. Anyways, Goldman Sachs says Kamala will be better for the economy and that shouldn't stimulate the hate talk we get from the right wing whenever some positive news emerges under the Democrats. ;)
It has been proven a hundred times that the surest way to the heart of any man, black or white, honest or dishonest, is through justice and fairness.

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old salt
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Re: The Nation's Financial Condition

Post by old salt »

a fan wrote: Thu Sep 05, 2024 2:12 pm
old salt wrote: Thu Sep 05, 2024 1:56 pm
a fan wrote: Thu Sep 05, 2024 1:41 pm
old salt wrote: Thu Sep 05, 2024 12:55 pm :roll: ...you don't even know the facts of the case. Grail is developing the cancer test, not Illumina.
No need for .govt to fund it. Private capital, in the form of Illumina was ready to fund it.
Illumina started Grail, then spun if off. It was logical for Grail to turn to Illumina when it needed the resources to bring the test to market asap.
We already asked this simple question, and you bailed from the conversation because you couldn't answer the question: what did the the prevented merger keep Illumina from doing? Or Grail?

You can't answer the question, other than to make unfounded claims. Grail can EASILY do what it needs to do on its own. So can Illumina. The idea that they simply can't function as a company UNLESS we let them command MORE than their already absurd 80% market ownership is absurd. If Grail needs money? Go get it, just like my company has to. Welcome to the free market.
I trust the WSJ's opinion on this more than I trust your socialist interpretation.
https://www.wsj.com/opinion/illumina-gr ... x_artPos=1

As for Grail, its market cap is now roughly $430 million, a fraction of Illumina’s offer. As a stand-alone company, Grail may face a longer road to obtain insurance coverage for its test, which can detect the 12 most deadly cancers with 76% accuracy. Ms. Khan may have prevailed in this case, but patients will lose.
Last chance to be kind. I'm not going to offer again. Stop with the petty name calling, and just have an adult conversation.

The WSJ reps you and your rich buddies. OF COURSE they're going to whine about not allowing a monopoly. :lol: "We can't get insurance". THAT is the excuse for not running their company? What a bunch of nonsense.

You and the WSJ don't care about what monopolies do, and have made that clear. You plainly don't understand or value what competition does, and understand that it's the ENTIRE point to capitalism.

You don't care that allowing the merger stifles future innovation as the CEO will make different choices as to what to do as a company. When you have that marketshare? The incentive to innovate further goes away, and you're just interested in maintaining your monopoly position, bilking customers of more money than a competitive market would allow.

But you get all this, and understand what WalMart did to the grocery industry. In short: you're gaslighting.
Comparing the grocery business to a narrow sector of the bio tech community is absurd.
Where are all of ILMN's smaller competitors scrambling to merge with GRAL ?
There are few companies in that sector that can do what Illumina can do, as GRAL's still paltry market cap of $430 million demonstrates.
To put things in perspective, that's smaller than the EUroburgher's $478 million fine against ILMN, which was just wiped out.
If Biden really wanted a cancer moonshot, he'd direct Khan to find a way to enable ILMN to reacquire GRAL,
then allow market forces to restore ILMN's lost value.
a fan
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Re: The Nation's Financial Condition

Post by a fan »

old salt wrote: Thu Sep 05, 2024 2:55 pm Comparing the grocery business to a narrow sector of the bio tech community is absurd.
Where are all of ILMN's smaller competitors scrambling to merge with GRAL ?
I'm not comparing anything to anything.

I'm telling you what you already know: monopolies stifle innovation, depress labor values, increase prices, and that's just the short list.

Grail can handle insurance just like the rest us. LAUGHABLE that "gee whiz, we can't pay for what every other business in America has" is soft cheese from the WSJ.
old salt wrote: Thu Sep 05, 2024 2:55 pm There are few companies in that sector that can do what Illumina can do, as GRAL's still paltry market cap of $430 million demonstrates.
Your "solution" is to prevent future innovation in order for you to personally make more money.

Ever read about all the technologies we got because the FTC/DoJ was smart enough to break up Ma Bell? You'll find entire books about it.

Tech is the WORST sector that we can have monopolies in, OS. Biotech in particular. Anyone interested in tech innovation knows perfectly well that monopolies KILL the desire to innovate, and just sit back and milk the cow, and charge higher prices.

But then you know this, and just won't put it in writing.


Thank you for being polite, I appreciate it.
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Kismet
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Re: The Nation's Financial Condition

Post by Kismet »

a fan wrote: Thu Sep 05, 2024 3:25 pm Thank you for being polite, I appreciate it.
Don't be the ranch on it being sustainable ;)
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old salt
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Re: The Nation's Financial Condition

Post by old salt »

a fan wrote: Thu Sep 05, 2024 3:25 pm
old salt wrote: Thu Sep 05, 2024 2:55 pm Comparing the grocery business to a narrow sector of the bio tech community is absurd.
Where are all of ILMN's smaller competitors scrambling to merge with GRAL ?
I'm not comparing anything to anything.

I'm telling you what you already know: monopolies stifle innovation, depress labor values, increase prices, and that's just the short list.

Grail can handle insurance just like the rest us. LAUGHABLE that "gee whiz, we can't pay for what every other business in America has" is soft cheese from the WSJ.
old salt wrote: Thu Sep 05, 2024 2:55 pm There are few companies in that sector that can do what Illumina can do, as GRAL's still paltry market cap of $430 million demonstrates.
Your "solution" is to prevent future innovation in order for you to personally make more money.

Ever read about all the technologies we got because the FTC/DoJ was smart enough to break up Ma Bell? You'll find entire books about it.

Tech is the WORST sector that we can have monopolies in, OS. Biotech in particular. Anyone interested in tech innovation knows perfectly well that monopolies KILL the desire to innovate, and just sit back and milk the cow, and charge higher prices.

But then you know this, and just won't put it in writing.


Thank you for being polite, I appreciate it.
I believe the reference to insurance means getting health insurance companies to cover the cost of the cancer test.

That will likely take significant lobbying & political pull, both of which ILMN had considerable influence, ...before Biden & Khan.
They had Gates, Bezos & even Obama in their corner. They had deep pockets for lobbying. GRAL can't muster that level of influence.

https://www.politico.com/newsletters/po ... e-00090480
a fan
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Re: The Nation's Financial Condition

Post by a fan »

old salt wrote: Thu Sep 05, 2024 10:47 pm
a fan wrote: Thu Sep 05, 2024 3:25 pm
old salt wrote: Thu Sep 05, 2024 2:55 pm Comparing the grocery business to a narrow sector of the bio tech community is absurd.
Where are all of ILMN's smaller competitors scrambling to merge with GRAL ?
I'm not comparing anything to anything.

I'm telling you what you already know: monopolies stifle innovation, depress labor values, increase prices, and that's just the short list.

Grail can handle insurance just like the rest us. LAUGHABLE that "gee whiz, we can't pay for what every other business in America has" is soft cheese from the WSJ.
old salt wrote: Thu Sep 05, 2024 2:55 pm There are few companies in that sector that can do what Illumina can do, as GRAL's still paltry market cap of $430 million demonstrates.
Your "solution" is to prevent future innovation in order for you to personally make more money.

Ever read about all the technologies we got because the FTC/DoJ was smart enough to break up Ma Bell? You'll find entire books about it.

Tech is the WORST sector that we can have monopolies in, OS. Biotech in particular. Anyone interested in tech innovation knows perfectly well that monopolies KILL the desire to innovate, and just sit back and milk the cow, and charge higher prices.

But then you know this, and just won't put it in writing.


Thank you for being polite, I appreciate it.
I believe the reference to insurance means getting health insurance companies to cover the cost of the cancer test.

That will likely take significant lobbying & political pull, both of which ILMN had considerable influence, ...before Biden & Khan.
They had Gates, Bezos & even Obama in their corner. They had deep pockets for lobbying. GRAL can't muster that level of influence.

https://www.politico.com/newsletters/po ... e-00090480
What does lobbying have to do with private insurers choosing to pick up the cost for a test? I don't understand.
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old salt
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Re: The Nation's Financial Condition

Post by old salt »

a fan wrote: Fri Sep 06, 2024 12:18 am
old salt wrote: Thu Sep 05, 2024 10:47 pm
a fan wrote: Thu Sep 05, 2024 3:25 pm
old salt wrote: Thu Sep 05, 2024 2:55 pm Comparing the grocery business to a narrow sector of the bio tech community is absurd.
Where are all of ILMN's smaller competitors scrambling to merge with GRAL ?
I'm not comparing anything to anything.

I'm telling you what you already know: monopolies stifle innovation, depress labor values, increase prices, and that's just the short list.

Grail can handle insurance just like the rest us. LAUGHABLE that "gee whiz, we can't pay for what every other business in America has" is soft cheese from the WSJ.
old salt wrote: Thu Sep 05, 2024 2:55 pm There are few companies in that sector that can do what Illumina can do, as GRAL's still paltry market cap of $430 million demonstrates.
Your "solution" is to prevent future innovation in order for you to personally make more money.

Ever read about all the technologies we got because the FTC/DoJ was smart enough to break up Ma Bell? You'll find entire books about it.

Tech is the WORST sector that we can have monopolies in, OS. Biotech in particular. Anyone interested in tech innovation knows perfectly well that monopolies KILL the desire to innovate, and just sit back and milk the cow, and charge higher prices.

But then you know this, and just won't put it in writing.


Thank you for being polite, I appreciate it.
I believe the reference to insurance means getting health insurance companies to cover the cost of the cancer test.

That will likely take significant lobbying & political pull, both of which ILMN had considerable influence, ...before Biden & Khan.
They had Gates, Bezos & even Obama in their corner. They had deep pockets for lobbying. GRAL can't muster that level of influence.

https://www.politico.com/newsletters/po ... e-00090480
What does lobbying have to do with private insurers choosing to pick up the cost for a test? I don't understand.
Mandated insurance benefits, Obamacare, Medicare, Medicaid.
a fan
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Joined: Mon Aug 06, 2018 9:05 pm

Re: The Nation's Financial Condition

Post by a fan »

old salt wrote: Fri Sep 06, 2024 1:39 am
a fan wrote: Fri Sep 06, 2024 12:18 am
old salt wrote: Thu Sep 05, 2024 10:47 pm
a fan wrote: Thu Sep 05, 2024 3:25 pm
old salt wrote: Thu Sep 05, 2024 2:55 pm Comparing the grocery business to a narrow sector of the bio tech community is absurd.
Where are all of ILMN's smaller competitors scrambling to merge with GRAL ?
I'm not comparing anything to anything.

I'm telling you what you already know: monopolies stifle innovation, depress labor values, increase prices, and that's just the short list.

Grail can handle insurance just like the rest us. LAUGHABLE that "gee whiz, we can't pay for what every other business in America has" is soft cheese from the WSJ.
old salt wrote: Thu Sep 05, 2024 2:55 pm There are few companies in that sector that can do what Illumina can do, as GRAL's still paltry market cap of $430 million demonstrates.
Your "solution" is to prevent future innovation in order for you to personally make more money.

Ever read about all the technologies we got because the FTC/DoJ was smart enough to break up Ma Bell? You'll find entire books about it.

Tech is the WORST sector that we can have monopolies in, OS. Biotech in particular. Anyone interested in tech innovation knows perfectly well that monopolies KILL the desire to innovate, and just sit back and milk the cow, and charge higher prices.

But then you know this, and just won't put it in writing.


Thank you for being polite, I appreciate it.
I believe the reference to insurance means getting health insurance companies to cover the cost of the cancer test.

That will likely take significant lobbying & political pull, both of which ILMN had considerable influence, ...before Biden & Khan.
They had Gates, Bezos & even Obama in their corner. They had deep pockets for lobbying. GRAL can't muster that level of influence.

https://www.politico.com/newsletters/po ... e-00090480
What does lobbying have to do with private insurers choosing to pick up the cost for a test? I don't understand.
Mandated insurance benefits, Obamacare, Medicare, Medicaid.
Thats what I thought you meant. OS......this is why the monopoly "had" to be left alone? MORE lobbying?

That's it? That's what you're upset about? You're upset that Illumina can't spend "more" money buying politicians than Grail can on its own?

Are you sure that OS believes this?
OCanada
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Re: The Nation's Financial Condition

Post by OCanada »

old salt wrote: Fri Sep 06, 2024 1:39 am
a fan wrote: Fri Sep 06, 2024 12:18 am
old salt wrote: Thu Sep 05, 2024 10:47 pm
a fan wrote: Thu Sep 05, 2024 3:25 pm
old salt wrote: Thu Sep 05, 2024 2:55 pm Comparing the grocery business to a narrow sector of the bio tech community is absurd.
Where are all of ILMN's smaller competitors scrambling to merge with GRAL ?
I'm not comparing anything to anything.

I'm telling you what you already know: monopolies stifle innovation, depress labor values, increase prices, and that's just the short list.

Grail can handle insurance just like the rest us. LAUGHABLE that "gee whiz, we can't pay for what every other business in America has" is soft cheese from the WSJ.
old salt wrote: Thu Sep 05, 2024 2:55 pm There are few companies in that sector that can do what Illumina can do, as GRAL's still paltry market cap of $430 million demonstrates.
Your "solution" is to prevent future innovation in order for you to personally make more money.

Ever read about all the technologies we got because the FTC/DoJ was smart enough to break up Ma Bell? You'll find entire books about it.

Tech is the WORST sector that we can have monopolies in, OS. Biotech in particular. Anyone interested in tech innovation knows perfectly well that monopolies KILL the desire to innovate, and just sit back and milk the cow, and charge higher prices.

But then you know this, and just won't put it in writing.


Thank you for being polite, I appreciate it.
I believe the reference to insurance means getting health insurance companies to cover the cost of the cancer test.

That will likely take significant lobbying & political pull, both of which ILMN had considerable influence, ...before Biden & Khan.
They had Gates, Bezos & even Obama in their corner. They had deep pockets for lobbying. GRAL can't muster that level of influence.

https://www.politico.com/newsletters/po ... e-00090480
What does lobbying have to do with private insurers choosing to pick up the cost for a test? I don't understand.
Mandated insurance benefits, Obamacare, Medicare, Medicaid.
Now spend some time discussing why the programs were enacted and what the benefits have been

If SS were suddenly abolished the country would be plunged into a depression.? If Medicare were abolished what would the consequences be? Obsmacare? Medicaid?
OCanada
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Joined: Tue Oct 02, 2018 12:36 pm

Re: The Nation's Financial Condition

Post by OCanada »

old salt wrote: Fri Sep 06, 2024 1:39 am
a fan wrote: Fri Sep 06, 2024 12:18 am
old salt wrote: Thu Sep 05, 2024 10:47 pm
a fan wrote: Thu Sep 05, 2024 3:25 pm
old salt wrote: Thu Sep 05, 2024 2:55 pm Comparing the grocery business to a narrow sector of the bio tech community is absurd.
Where are all of ILMN's smaller competitors scrambling to merge with GRAL ?
I'm not comparing anything to anything.

I'm telling you what you already know: monopolies stifle innovation, depress labor values, increase prices, and that's just the short list.

Grail can handle insurance just like the rest us. LAUGHABLE that "gee whiz, we can't pay for what every other business in America has" is soft cheese from the WSJ.
old salt wrote: Thu Sep 05, 2024 2:55 pm There are few companies in that sector that can do what Illumina can do, as GRAL's still paltry market cap of $430 million demonstrates.
Your "solution" is to prevent future innovation in order for you to personally make more money.

Ever read about all the technologies we got because the FTC/DoJ was smart enough to break up Ma Bell? You'll find entire books about it.

Tech is the WORST sector that we can have monopolies in, OS. Biotech in particular. Anyone interested in tech innovation knows perfectly well that monopolies KILL the desire to innovate, and just sit back and milk the cow, and charge higher prices.

But then you know this, and just won't put it in writing.


Thank you for being polite, I appreciate it.
I believe the reference to insurance means getting health insurance companies to cover the cost of the cancer test.

That will likely take significant lobbying & political pull, both of which ILMN had considerable influence, ...before Biden & Khan.
They had Gates, Bezos & even Obama in their corner. They had deep pockets for lobbying. GRAL can't muster that level of influence.

https://www.politico.com/newsletters/po ... e-00090480
What does lobbying have to do with private insurers choosing to pick up the cost for a test? I don't understand.
Mandated insurance benefits, Obamacare, Medicare, Medicaid.
Now spend some time discussing why the programs were enacted and what the benefits have been

If SS were suddenly abolished the country would be plunged into a depression.? If Medicare were abolished what would the consequences be? Obsmacare? Medicaid?
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Brooklyn
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Re: The Nation's Financial Condition

Post by Brooklyn »

Suddenly, the number of new jobs is now reportedly 142,000. Unemployment drops to 4.2%. Still better than what we had under the tRump regime.
It has been proven a hundred times that the surest way to the heart of any man, black or white, honest or dishonest, is through justice and fairness.

Charles Francis "Socker" Coe, Esq
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youthathletics
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Re: The Nation's Financial Condition

Post by youthathletics »

youthathletics wrote: Mon Aug 26, 2024 4:31 pm
MDlaxfan76 wrote: Mon Aug 26, 2024 2:50 pm
youthathletics wrote: Mon Aug 26, 2024 2:05 pm Can anyone explain why Kamala wants to nearly double the Long-Term Capitol Gains tax and how that impacts each and everyone of us, for instance when we go to sell a home or any other investment?

If you go to here website, its like a damned gofundme site...bombarded with donation popups .
I can't tell you her reasons, but in general capital gains rates below regular income rates rewards capital investment (a good thing) but this reward is overwhelmingly benefiting the very most wealthy in society, including those who earn little regular income from direct work and instead merely deploy capital (or have someone do that for them). There's very little justification for that form of wealth accumulation to not be taxed the way actual work is taxed.

We can debate the merits of specific policies if you'd like, including carveouts for things like primary home and family farms, but in general I think our capital gains rates are too low. And that's coming from someone acutely aware of managing some family assets to avoid capital gains as best as possible under the rules.
I understand all that, but as you noted, you and those with careers that support these 'manipulative tax' issues, are already navigating the system to avoid the tax penalty, only to now have it double under her plan.

I thought I read it was for people with incomes >1mm/yearly combined, but I believe that was for something entirely different in her plan. Fudging income becomes an easily manipulative task and what it seems to do is fug-up everyone else that are doing things by the book, stayed in home for decades, paid it off, plan on that money being a large portion of retirement, etc-etc; the 'middle-class' that they claim they are 'for'.
It seems she is pivoting away from the Biden proposed budget, and scrubbing the doubling increase in Cap Gains, and keeping changes to everything for those making > 1 Million....so it seems. But for the life of me, I still can not find her tax plan(s) in ink anywhere. Her website is still not much more than a go fund me site.
https://www.cnn.com/2024/09/04/politics ... index.html

Anyone found anything with specifics?
A fraudulent intent, however carefully concealed at the outset, will generally, in the end, betray itself.
~Livy


“There are two ways to be fooled. One is to believe what isn’t true; the other is to refuse to believe what is true.” -Soren Kierkegaard
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old salt
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Re: The Nation's Financial Condition

Post by old salt »

a fan wrote: Fri Sep 06, 2024 10:16 am
old salt wrote: Fri Sep 06, 2024 1:39 am
a fan wrote: Fri Sep 06, 2024 12:18 am
old salt wrote: Thu Sep 05, 2024 10:47 pm
a fan wrote: Thu Sep 05, 2024 3:25 pm
old salt wrote: Thu Sep 05, 2024 2:55 pm Comparing the grocery business to a narrow sector of the bio tech community is absurd.
Where are all of ILMN's smaller competitors scrambling to merge with GRAL ?
I'm not comparing anything to anything.

I'm telling you what you already know: monopolies stifle innovation, depress labor values, increase prices, and that's just the short list.

Grail can handle insurance just like the rest us. LAUGHABLE that "gee whiz, we can't pay for what every other business in America has" is soft cheese from the WSJ.
old salt wrote: Thu Sep 05, 2024 2:55 pm There are few companies in that sector that can do what Illumina can do, as GRAL's still paltry market cap of $430 million demonstrates.
Your "solution" is to prevent future innovation in order for you to personally make more money.

Ever read about all the technologies we got because the FTC/DoJ was smart enough to break up Ma Bell? You'll find entire books about it.

Tech is the WORST sector that we can have monopolies in, OS. Biotech in particular. Anyone interested in tech innovation knows perfectly well that monopolies KILL the desire to innovate, and just sit back and milk the cow, and charge higher prices.

But then you know this, and just won't put it in writing.


Thank you for being polite, I appreciate it.
I believe the reference to insurance means getting health insurance companies to cover the cost of the cancer test.

That will likely take significant lobbying & political pull, both of which ILMN had considerable influence, ...before Biden & Khan.
They had Gates, Bezos & even Obama in their corner. They had deep pockets for lobbying. GRAL can't muster that level of influence.

https://www.politico.com/newsletters/po ... e-00090480
What does lobbying have to do with private insurers choosing to pick up the cost for a test? I don't understand.
Mandated insurance benefits, Obamacare, Medicare, Medicaid.
Thats what I thought you meant. OS......this is why the monopoly "had" to be left alone? MORE lobbying?

That's it? That's what you're upset about? You're upset that Illumina can't spend "more" money buying politicians than Grail can on its own?

Are you sure that OS believes this?
Yes -- if that's what it takes to get a revolutionary early cancer diagnostic test approved, mass produced & widely available.
That's how the game is played. Remember former FDA Commissioner Scott Gottleib? He was the most credible COVID commentator, widely seen on CBS. He's still on ILMN's BoD. ILMN are the good guys. This cancer test & their other previous genetic mapping breakthroughs are why I held their stock for so long, rather than cashing out as soon as Khan went after them...because I believe in what they are doing.
a fan
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Re: The Nation's Financial Condition

Post by a fan »

old salt wrote: Sat Sep 07, 2024 1:06 am Yes -- if that's what it takes to get a revolutionary early cancer diagnostic test approved, mass produced & widely available.
That's how the game is played. Remember former FDA Commissioner Scott Gottleib? He was the most credible COVID commentator, widely seen on CBS. He's still on ILMN's BoD. ILMN are the good guys. This cancer test & their other previous genetic mapping breakthroughs are why I held their stock for so long, rather than cashing out as soon as Khan went after them...because I believe in what they are doing.
That's counter to everything you claim to believe in.

If this is such a great test? Every insurer will cover it as a free market choice...do I have to explain why?

You're here demanding that the .gov step in and FORCE them to cover it. You get that, right? If you believe this, you're in the wrong political party.
Farfromgeneva
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Re: The Nation's Financial Condition

Post by Farfromgeneva »

OCanada wrote: Fri Sep 06, 2024 3:33 pm
old salt wrote: Fri Sep 06, 2024 1:39 am
a fan wrote: Fri Sep 06, 2024 12:18 am
old salt wrote: Thu Sep 05, 2024 10:47 pm
a fan wrote: Thu Sep 05, 2024 3:25 pm
old salt wrote: Thu Sep 05, 2024 2:55 pm Comparing the grocery business to a narrow sector of the bio tech community is absurd.
Where are all of ILMN's smaller competitors scrambling to merge with GRAL ?
I'm not comparing anything to anything.

I'm telling you what you already know: monopolies stifle innovation, depress labor values, increase prices, and that's just the short list.

Grail can handle insurance just like the rest us. LAUGHABLE that "gee whiz, we can't pay for what every other business in America has" is soft cheese from the WSJ.
old salt wrote: Thu Sep 05, 2024 2:55 pm There are few companies in that sector that can do what Illumina can do, as GRAL's still paltry market cap of $430 million demonstrates.
Your "solution" is to prevent future innovation in order for you to personally make more money.

Ever read about all the technologies we got because the FTC/DoJ was smart enough to break up Ma Bell? You'll find entire books about it.

Tech is the WORST sector that we can have monopolies in, OS. Biotech in particular. Anyone interested in tech innovation knows perfectly well that monopolies KILL the desire to innovate, and just sit back and milk the cow, and charge higher prices.

But then you know this, and just won't put it in writing.


Thank you for being polite, I appreciate it.
I believe the reference to insurance means getting health insurance companies to cover the cost of the cancer test.

That will likely take significant lobbying & political pull, both of which ILMN had considerable influence, ...before Biden & Khan.
They had Gates, Bezos & even Obama in their corner. They had deep pockets for lobbying. GRAL can't muster that level of influence.

https://www.politico.com/newsletters/po ... e-00090480
What does lobbying have to do with private insurers choosing to pick up the cost for a test? I don't understand.
Mandated insurance benefits, Obamacare, Medicare, Medicaid.
Now spend some time discussing why the programs were enacted and what the benefits have been

If SS were suddenly abolished the country would be plunged into a depression.? If Medicare were abolished what would the consequences be? Obsmacare? Medicaid?
Anything coverign a major entitlement would have to be phased realistically nothing happens overnight. I think they are all failed systems but not that they're existence is irrelevant. SS is failed and I think we need to incentivize more family caring for elderly families however. CHain link but then also tie some transfer or subsidy to families who care for elderly family members. (though adding trasnfers is antithetical to the way I think but changing it up is imperative - whats going on today clearly doens't work).

Safety nets are a requirement - always. But how much and how they are adopted and executed on have a lot of work to do.
Now I love those cowboys, I love their gold
Love my uncle, God rest his soul
Taught me good, Lord, taught me all I know
Taught me so well, that I grabbed that gold
I left his dead ass there by the side of the road, yeah
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old salt
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Re: The Nation's Financial Condition

Post by old salt »

a fan wrote: Sat Sep 07, 2024 10:40 am
old salt wrote: Sat Sep 07, 2024 1:06 am Yes -- if that's what it takes to get a revolutionary early cancer diagnostic test approved, mass produced & widely available.
That's how the game is played. Remember former FDA Commissioner Scott Gottleib? He was the most credible COVID commentator, widely seen on CBS. He's still on ILMN's BoD. ILMN are the good guys. This cancer test & their other previous genetic mapping breakthroughs are why I held their stock for so long, rather than cashing out as soon as Khan went after them...because I believe in what they are doing.
That's counter to everything you claim to believe in.

If this is such a great test? Every insurer will cover it as a free market choice...do I have to explain why?

You're here demanding that the .gov step in and FORCE them to cover it. You get that, right? If you believe this, you're in the wrong political party.
There you go again, making up sh!t & lying about my position. The reason for ILMN & GRAL to merge was that ILMN has the $$$ to get it to market faster. Govt insurance will cover it if it's effective (& cost effective). Mass production & widespread use will bring the price down. At it's current price, most people won't opt for the test unless it's covered by private or govt health insurance. It's a preventative diagnostic test.
a fan
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Re: The Nation's Financial Condition

Post by a fan »

old salt wrote: Sat Sep 07, 2024 4:14 pm
a fan wrote: Sat Sep 07, 2024 10:40 am
old salt wrote: Sat Sep 07, 2024 1:06 am Yes -- if that's what it takes to get a revolutionary early cancer diagnostic test approved, mass produced & widely available.
That's how the game is played. Remember former FDA Commissioner Scott Gottleib? He was the most credible COVID commentator, widely seen on CBS. He's still on ILMN's BoD. ILMN are the good guys. This cancer test & their other previous genetic mapping breakthroughs are why I held their stock for so long, rather than cashing out as soon as Khan went after them...because I believe in what they are doing.
That's counter to everything you claim to believe in.

If this is such a great test? Every insurer will cover it as a free market choice...do I have to explain why?

You're here demanding that the .gov step in and FORCE them to cover it. You get that, right? If you believe this, you're in the wrong political party.
There you go again, making up sh!t & lying about my position.
You JUST told me the ONLY thing the merger brought was lobbying power.

Go look.

And the thing you want lobbied? You want the government to FORCE insurers to cover Illumina/Grails test.

You want the .gov to step in. You JUST posted that.

Go look. Tell me I'm wrong. You don't want the free market insurers to decide for themselves.

I repeated what you told me. The reason you're yelling at me.....again...is that you're caught wanting the .gov to interfere with free market choices.

All to line your pockets. I have no problem with your greed. I'm simply pointing out, that contrary to your claims, you DO want government help if it makes you rich.
OCanada
Posts: 3535
Joined: Tue Oct 02, 2018 12:36 pm

Re: The Nation's Financial Condition

Post by OCanada »

The number of Americans without insurance jumped under Trump and sank again under Biden. The system we work under is not conducive to arriving at solutions that meet the needs/wants of the population.

There is a “simple” solution to SS’s issue. Raise the cap. Only the GOP does not want a solution. They want it gone with no successor. The birth wave should not be a problem. It was anticipated back when

The potentisl savings from changing the system are enormout both in savings and end result.

I have been taking part of a team of three taking care of my in laws for the last several years. They passed in the last teo months. It is not at all simple as having kids tske care of parents what with issues like day care costs, the need for a second income for most people, insurance etc
PizzaSnake
Posts: 5284
Joined: Tue Mar 05, 2019 8:36 pm

Re: The Nation's Financial Condition

Post by PizzaSnake »

OCanada wrote: Sat Sep 07, 2024 9:27 pm The number of Americans without insurance jumped under Trump and sank again under Biden. The system we work under is not conducive to arriving at solutions that meet the needs/wants of the population.

There is a “simple” solution to SS’s issue. Raise the cap. Only the GOP does not want a solution. They want it gone with no successor. The birth wave should not be a problem. It was anticipated back when

The potentisl savings from changing the system are enormout both in savings and end result.

I have been taking part of a team of three taking care of my in laws for the last several years. They passed in the last teo months. It is not at all simple as having kids tske care of parents what with issues like day care costs, the need for a second income for most people, insurance etc
Yep. Pretty straightforward. Of course, this explains the Republic (like that?) Party perfectly. No sense of community or empathy.
"There is nothing more difficult and more dangerous to carry through than initiating changes. One makes enemies of those who prospered under the old order, and only lukewarm support from those who would prosper under the new."
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old salt
Posts: 18786
Joined: Fri Jul 27, 2018 11:44 am

Re: The Nation's Financial Condition

Post by old salt »

a fan wrote: Sat Sep 07, 2024 5:37 pm
old salt wrote: Sat Sep 07, 2024 4:14 pm
a fan wrote: Sat Sep 07, 2024 10:40 am
old salt wrote: Sat Sep 07, 2024 1:06 am Yes -- if that's what it takes to get a revolutionary early cancer diagnostic test approved, mass produced & widely available.
That's how the game is played. Remember former FDA Commissioner Scott Gottleib? He was the most credible COVID commentator, widely seen on CBS. He's still on ILMN's BoD. ILMN are the good guys. This cancer test & their other previous genetic mapping breakthroughs are why I held their stock for so long, rather than cashing out as soon as Khan went after them...because I believe in what they are doing.
That's counter to everything you claim to believe in.

If this is such a great test? Every insurer will cover it as a free market choice...do I have to explain why?

You're here demanding that the .gov step in and FORCE them to cover it. You get that, right? If you believe this, you're in the wrong political party.
There you go again, making up sh!t & lying about my position.
You JUST told me the ONLY thing the merger brought was lobbying power.

Go look.

And the thing you want lobbied? You want the government to FORCE insurers to cover Illumina/Grails test.

You want the .gov to step in. You JUST posted that.

Go look. Tell me I'm wrong. You don't want the free market insurers to decide for themselves.

I repeated what you told me. The reason you're yelling at me.....again...is that you're caught wanting the .gov to interfere with free market choices.

All to line your pockets. I have no problem with your greed. I'm simply pointing out, that contrary to your claims, you DO want government help if it makes you rich.
Wrong again. Counter to what you claim I believe in, as usual, speaking again on my behalf.

I wanted the govt to not interfere & allow ILMN to partner with GRAL to bring the test to market.
Then IF it's a cost effective preventative, it could be mandated coverage IF insurance companies don't cover it on their own.

Not all lobbing is nefarious. It's also used to educate legislators & staff.

I've got skin in the game. I hold GRAL stock & ILMN owns 14.5% of GRAL. IF the test fails, I'll lose even more than I've already lost due to Khan's interference. What has been the upside of Khan blocking the merger ?

It's not making me rich. Whatever value of my ILMN stock survives will be bequeathed to a charitable foundation,...unless it's all taxed away first as unrealized cap gains.
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