• Quote of the week

    “In his final pamphlet of this series, No Treason No. 6, "The Constitution of No Authority," Spooner broke new ground by demolishing the theory of tacit consent. Spooner argued that merely living in a certain geographic area under control of a government, or voting in government elections, in no way implied one's consent to the government of that territory. Elections mean nothing; for Spooner showed that a majority of people never vote, and of those who do, the number supporting the elected candidates is so small (as a percentage of the population) as to be ludicrous. "Elections are secret; therefore, you cannot call representatives legal agents, since they do not know specifically whom they do represent." Therefore, having voted in an election in no formal way demonstrates that one consented to anything. "On the question of the Constitution itself, no vote ever had been taken, and as a legal contract the Constitution has no validity."
    -- No Treason, Lysander Spooner

Bayer Slashes Earnings Forecast over Rise in Roundup Cancer Cases – Sustainable Pulse

Bayer has slashed its earnings forecast Wednesday due to, amongst other things, a growing global legal battle surrounding the carcinogenic weedkiller

The weaker earnings forecast adds to a number of challenges facing the German drugmaker as it braces for years of legal wrangling over the cancer risks of glyphosate-based weedkillers.

Bayer said the number of plaintiffs seeking damages over Monsanto’s Roundup and Ranger Pro herbicides had risen to 8,700 from 8,000 from last month, and said that it expected more to sue. It has vowed to defend itself in court.

The German company’s newly acquired Monsanto subsidiary was left in shock in August after they lost a landmark cancer trial in San Francisco and was ordered by the Judge to pay over USD 289 Million in total damages to the former school groundskeeper Dewayne Johnson, a California father who has non-Hodgkin’s lymphoma, which was caused by Monsanto’s glyphosate-based weedkiller Roundup.

Johnson, a father of three and former school groundskeeper, who doctors say may have just months to live, was the first person to take Monsanto to trial over allegations that the chemical sold under the Roundup brand causes cancer.

Johnson’s attorneys said he was diagnosed with non-Hodgkins Lymphoma after spraying the glyphosate-based Roundup weed killer for two and a half years.

Bayer lowered its forecast for adjusted core earnings per share for the year to 5.70 – 5.90 euros, down from 6.64 in 2017, short of analyst expectations, dragging the stock down as much as 3.7 percent in morning trade.

Second-quarter earnings before interest, tax, depreciation and amortization (EBITDA), adjusted for one-off items, rose to 2.34 billion euros ($2.71 billion), the company said on Wednesday, below an average estimate for 2.44 billion in a Reuters poll of analysts.

The company also blamed delays to the closure of its mammoth acquisition of Monsanto, which meant it missed out on a typically stronger first-half than the second for the seeds maker it agreed to buy in 2016.

Source: Bayer Slashes Earnings Forecast over Rise in Roundup Cancer Cases – Sustainable Pulse

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  • Famous Quotes In History

    "I think the subject which will be of most importance politically is mass psychology....Although this science will be diligently studied, it will be rigidly confined to the governing class. The populace will not be allowed to know how its convictions were generated."
    -- Bertrand Russell in The Impact of Science on Society  
     
    “Beware the leader who bangs the drums of war in order to whip the citizenry into a patriotic fervor, for patriotism is indeed a double-edged sword. It both emboldens the blood, just as it narrows the mind. And when the drums of war have reached a fever pitch and the blood boils with hate and the mind has closed, the leader will have no need in seizing the rights of the citizenry. Rather, the citizenry, infused with fear and blinded by patriotism, will offer up all of their rights unto the leader and gladly so. How do I know? For this is what I have done. And I am Caesar.”
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