Sackler

For it is Sackler, Sackler, emblazoned on our faculty
But now it looks as though they got the dough through smack-dependency.

Yes it was Sackler, Sackler long before the o.d.s came.
But now the name has come to sound like scum — it’s a bad bad name.

WILL KILL FOR FOOD.

The authors said they were particularly struck by the fact that the number of [opioid-maker] marketing interactions with doctors — such as frequent free meals — was more strongly associated with overdose deaths than the amount spent.

“Each meal seems to be associated with more and more prescriptions,” Dr. [Scott] Hadland said.

Sackler Patriarch Responds to New York Times Article


Don’t tell me they’re too high — that’s simply not true.

If someone has to die, it’s them and not you.

Don’t bring around a cloud to rain on my charade!


‘Prescription blizzard deep and dense and so white’

This is the sort of poetry that I write.

This is the vast catastrophe that I have made!


[chorus]

More people killed by my little pill

Than traffic fatalities – right, sir!

More people thrilled by taking my pill

Before they all say goodnight, sir!


Med schools across the nation bear our great name

Philanthropy removes all sense of shame

As we distribute heroin — the highest grade!

Awwwwww.

The affidavit filed with the charges described many of Pham’s text messages, indicating in one case that he was having a sexual relationship with a patient. He was prescribing drugs to that woman and also to her 9-year-old daughter, according to the document by DEA Special Agent Lindsey Bellomy.

“This is the first time in Massachusetts that a doctor has been charged with manslaughter for overprescribing opioids.”

But it’s certainly not the first time in a lot of other states; more and more doctors are doing jail time for killing their patients.  

When first I came to…

Louisville, expecting to find – I don’t know, another standard-issue striving southern school – I was stunned by its special quality of debasement, by the absence of even lip-service in the direction of intellect and integrity. τον αθλητισμό και τον αυτο-εμπλουτισμό (Sport and Self-Enrichment) seemed its motto, as administrators stole whatever money they could get their hands on while hiring psychos to coach the guys. Louisville indeed was basically a Greek university (steal everything) with teams.

UL’s in one of its mopping up phases at the moment, trying to figure out how not to be stupid and corrupt while at the same time trying to recover some funds from … well, from lots of people, starting with its last president, who set up quite the clever scheme to reward himself and cronies with all the money that should have been going to the coach… I mean… to the students? … professors? … But the last sicko coach, whose … non-standard… recruitment and retention methods led to his firing, is suing the school for tens of millions of dollars; and of course the prez is doing absolutely everything he possibly can to harass the school and make it give up its lawsuit against him.

It’s quite an edifying spectacle, higher-thought-wise — a university spending all its time and money keeping the football games (no one goes to the games — too grossed out) going and the suits and countersuits humming. Prez tried to get the whole thing dismissed (too vague, he said), which didn’t work; then he actually tried to make it so UL had to pay his legal costs which haha also didn’t work but you know it gummed stuff up a little more so maybe Jimbo would die down at one of his many Florida McMansions (financed with UL money) at some point during pre-trial proceedings or whatever…

Jimbo Ramsey-wise, when things were good, they were very good.

Former University of Louisville President James Ramsey resigned under pressure a mere 27 days into the 2016-17 fiscal year, but he was still the nation’s highest-paid public college president that year, according to The Chronicle of Higher Education.

The Chronicle, which maintains a database of compensation received by chief executives of public and private colleges, reported this week that Ramsey was paid about $4.3 million that fiscal year — more than any of the other 250 top executives for public colleges and systems included in its review.

Ramsey made millions despite stepping down as U of L’s president on July 27, 2016, less than a month after the fiscal year began on July 1.

Don’t get no better than that, baby! Don’t get no better! Let’s see Jimbo’s successor clean up like that! Let’s just see her try!







University of Louisville: Our operating loss is $316 million, $50 million more than last year.

The university also said its operations in the last fiscal year were dragged down by “nonrecurring” — meaning unusual — expenses.

Those included deferred compensation of $4.5 million owed to former Athletic Director Tom Jurich and a $5.5 million buyout of the contract of former basketball coach Rick Pitino, both of whom were fired after the program was swept up by a nationwide fraud and corruption sting into NCAA programs.

It’s always a pleasure to bankrupt ourselves and raise tuition by the highest percentage allowable in order to pay out huge bucks to assholes.

Oh, and on Pitino: Did you really think that $5.5 thing would cut it? He’s suing UL for FORTY MILLION.

Speaking of assholes, hold onto your hat as we sue our chiseling last president to see if we can’t get some money back from him! Meanwhile, though, legal expenses for that will add to our losses…







When you get old enough to need to install…

… a bar in the shower.







Hail, Hail, Estonia!

Hail hail Estonia!

We will not stand for anything that’s crooked or unfair
We’re strictly on the up and up so everyone beware
If anyone’s caught taking graft and we don’t get our share
We stand them up against the wall and pop goes the weasel!







“[W]e should not let drug companies buy the hearts and minds of researchers.”

Marcia Angell has follow-up thoughts on the latest medical research corruption case.

The cost of [the corruption] is high, and not just in drug prices. It means both doctors and patients believe prescription drugs are better and safer than they really are.







‘In 2004, the tanning-industry associations led Dr. Barbara Gilchrest, who then was head of Boston University’s dermatology division, to ask Dr. Holick to resign from the department.’

Ah, the vitamin D deficiency panic. I remember it well, having been told a few years ago to start taking supplements right away or risk god knows what. I ignored the directive.

Think of all the pointless money and D‘ed up piss I could have passed since then!

And: Read and learn.

The larger picture.

Oh – and not to be a broken record, but if you want to be Vitamin D deficient, here’s a really good way to get there.







Limerick.

Adorable mech engineers!
They tend to be naughty, the dears…
They act like a luv
And get grants from the gov
But then all the funds disappear.







‘In applying this excise tax to nonprofit executives, the Ways and Means Committee Majority Tax Staff also raised the idea in its summary that highly paid nonprofit executives actually divert resources from exempt purposes. It states that exemption from federal income tax is a significant benefit for tax-exempt organizations, making the case for discouraging excess compensation paid out to such organizations’ executives perhaps even stronger than it is for publicly traded companies.’

Zzzz… wha’?

How bout this.

In fact, an analysis of Forms 990 for approximately 100,000 organizations filing the annual report to the IRS in 2014 published recently by the Wall Street Journal found 2,700 nonprofit officials were paid more than $1 million. Although most were administrators at hospitals and universities, there were also many football coaches and executives at endowments like the Harvard Management Company. Nonprofit organizations respond that they are trying to attract the best candidates and are merely adopting compensation practices similar to those in the private sector.

Get it? See what happened? TAKE TO THE STREETS. FLOOD YOUR REPRESENTATIVE’S OFFICE WITH EMAILS. THIS IS A SERIOUS MISCARRIAGE OF JUSTICE.

 

Do I need to spell it out for you? Do you see what’s happening here?

You want to spend your kid’s tuition money on sky-rocketing multimillion dollar salaries for coaches and on twenty million dollar a year compensation for university money managers, and here comes the IRS to tell you that these aren’t appropriate non-profit expenditures! They even have the gall to say that giving all that money to coaches and money managers diverts tax-exempt money from students and shit! Whatever that means.

So they’re putting a crushing new tax on excess non-profit compensation, which means universities are likely to pull back on these amounts and you will have to pay the managers and coaches less.

*************

I know. So far this is all numbers and abstractions. Here is an actual story, from the University of Kentucky, of how it will be.

“The excise tax that was levied in the new tax bill is big,” [UK athletic director Mitch] Barnhart said. “That will have an impact on every athletic department.”

A change in the tax code requires non-profit entities to pay a 21 percent excise tax on payments to its five highest-paid employees that are making more than $1 million a year.

For every dollar over the $1 million mark, UK must pay the 21 percent tax, which for UK Athletics includes the salaries of men’s basketball coach John Calipari, football coach Mark Stoops and women’s basketball coach Matthew Mitchell.

According to figures reported to the Chronicle of Higher Education in 2017, Calipari was the highest-paid person on campus that year at $7.24 million, followed by Stoops at $3.9 million and Mitchell at $1.28 million.

The university also will be paying the excise tax on the salaries of Phillip Tibbs ($1,195,600), a physician, and Michael Karpf ($1,123,179), who ran the medical center until recently, UK spokesman Jay Blanton told the Herald-Leader.

With the new salary bump and potential bonuses outlined in the new amendment to Barnhart’s contract, the UK athletics director might top the $1 million mark in the near future. His base salary will be $1,025,000 starting in 2020, per the amendment.

This year’s figures were a part of the $147.7 million dollar 2019 budget approved by the university’s Board of Trustees recently, simply noted as “escalating operating expenses.”

How will these escalating expenses be paid? The same way other expenses are.

“How we make up for it on the other side is really difficult,” Barnhart said. “We have to work at that.”

I know you can do it, guys! A grassroots campaign of outraged professors, students, and parents will take to the streets and have that punitive 21% rolled back before you can say Nick Saban.

*****************

Again, here’s the challenge, stated simply:

Every organization that pays a salary of more than $1 million per year to any of its top five earning employees will face a stiff new 21 percent excise tax. That means any nonprofit-designated charity, college, and hospital that routinely asks us for donations, or charges expensive tuition or medical bills will have to justify paying those high salaries against a hefty new tax.

Get out there and do what has to be done: justify.

*******************

Know your enemies.

In [a recent] email to me, [tax law professor John] Colombo wrote, “Big time college sports is already a cesspool of money, and the federal government doesn’t need to be subsidizing 50-yard-line seats or skyboxes at the University of Alabama or Notre Dame, or Michigan or anywhere else.”

Amazingly, both the House and the Senate now appear to agree with Colombo. A spokesman for Kevin Brady, the chairman of the House Ways and Means Committee — and a Texan — told the Austin American-Statesman that the deduction is “the epitome of a special-interest loophole” and that it was forcing taxpayers to “subsidize front-row seats and luxury boxes for wealthy boosters.”







ALL HAIL RAMSES!

Er, I mean Ramsey. More terrific national publicity for America’s most deeply troubled (nice way of putting “corrupt”) university, the University of Louisville. See how the Great Man James Ramsey totally dominates all other university presidents in salary! No contest – he makes millions more!

Ramsey [$4.3 million] was the top earner in 2017 by a healthy margin. The second-highest-paid chief executive, Jay Gogue, president of Auburn University, received $1.8 million. Next on the list was William H. McRaven, chancellor of the University of Texas system, who earned $1.5 million. Gogue retired in 2017; McRaven stepped down this year.

Not sure a healthy margin is quite the way to put it, unless you consider Ramsey’s purchase of multiple Florida mcmansions healthy… Unless you consider appointing a president who transfers much of the wealth of the university to himself and his friends healthy…

Anyway. Jimbo’s down there in Florida, see, and he’s not getting any younger. Like his model, Bernie Madoff, he might be figuring he can out-die (opposite of out-live) his legal and criminal problems… And unlike Bernie, he’ll probably be right. Die snug in his mcbed, lawsuits swirling ’round his head…







Ira Rennert says: Yes? And what’s the problem here?

North Carolina’s Court of Appeals has rejected a Massachusetts woman’s plans to complete work on her 24-bedroom rental home on the Outer Banks.

A three-judge panel unanimously ruled against Elizabeth LeTendre of Needham Heights, reversing a trial court decision. Her attorney tells The Daily Advance of Elizabeth City he plans to appeal to the North Carolina Supreme Court.

LeTendre says the $4.6 million house north of Corolla is a single-family home…

*************

So North Carolina doesn’t understand what a single-family home is?







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