“Somebody goes out and shoots somebody they are called a murderer. We all agree with that, put them away,” Sanders said at the fundraiser. “Put them away. But what happens if somebody runs a pharmaceutical industry and artificially jacks up the price…” In an interview on CNN’s “State of the Union,” host Jake Tapper noted that in Detroit on Saturday, Sanders made that case. “In the case of insulin, people are dying, the cost has soared in recent years and you have three companies that control over 90% of the insulin market.” “Murderers,” the crowd answered back. Democratic presidential primary candidate Sen. Bernie Sanders, I-Vt., on Sunday repeated his comparison of the pharmaceutical executives who jack up the prices of life-saving drugs to murderers. “This is a philosophical issue that we have to deal with,” Sanders said Sunday. “If I have a product that cost me a few dollars to make, and I jack up that price, and you can’t afford it, and you die, what do you call them?” he added. The Democratic socialist has pushed for Medicare for all.
Recently leaked documents are raising new concerns surrounding Chinese tech giant Huawei. On Monday, leaked internal documents obtained by the Washington Post revealed Huawei worked with a Chinese-state owned tech firm for at least eight years on a variety of projects centered in North Korea. One of those projects included the development and maintaining of the country’s first commercial 3G wireless network.
The detailed spread sheet was shared by a former Huawei employee, who claimed the information is of public interest. However, the person’s identity has not been released out of fear of retaliation.
If the reports are true it would bring up a new conflict between the U.S. and China as such a move would raise questions of whether Huawei, which has used U.S. technology in its components, violated American export controls to send equipment to North Korea.
The documents appear to confirm what U.S. officials have long feared — that Huawei is a national security risk.
“…you’ve seen…our effort to ensure that the networks in which American information flows are trusted, that we understand where that information is going, who’s the end user, and wanting to make sure the information doesn’t end up in the hands of the Chinese Communist Party.”
— Mike Pompeo, U.S. Secretary of State
This latest development comes after the Trump administration agreed in June to lift some sanctions on the company, allowing U.S. companies to sell certain products to the the Chinese tech giant.
According to the Washington Post, Huawei has not directly responded to the report, but a spokesperson said the company does not have business in North Korea.
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Former Daily Show host Jon Stewart on Wednesday ripped Sen. Rand Paul, R-Ky., after he blocked a measure providing compensation to 9/11 workers, saying the price tag was too high.
“Bret, this is about what kind of society we have,” a furious Stewart told Bret Baier during an appearance on Fox News. “At some point, we have to stand up for the people who have always stood up for us, and at this moment in time maybe cannot stand up for themselves due to their illnesses and their injuries. And what Rand Paul did today on the floor of the Senate was outrageous.”
Paul said he would offer an amendment on the cost of the bill, titled the Never Forget the Heroes Act, when it reaches the Senate floor.
Stewart last month spoke before the House Judiciary Committee on reauthorizing the September 11 Victim Compensation Fund.
He said Paul’s reasoning wasn’t good enough.
“He is a guy who put us in hundreds of billions of dollars in debt,” he said of Paul. “And now he’s going to tell us that a billion dollars a year over 10 years is just too much for us to handle? You know, there are some things that they have no trouble putting on the credit card, but somehow when it comes to the 9/11 first responder community—the cops, the firefighters, the construction workers, the volunteers, the survivors — all of a sudden we’ve got to go through this.”
Billionaire Tom Steyer, a former hedge fund manager, wants to “break the corrupt stranglehold that corporations have on our government” and take on President Donald Trump in 2020.
“To me the biggest question facing the United States is not what we should do, but how are we going to break the corrupt stranglehold that corporations have on our government,” Steyer said.
He added: “For the last 10 years, I’ve been trying to push power back to the people of the United States.
Steyer, who will reportedly spend $100 million of his own funds on his campaign, said his candidacy is “not about the money.” He maintained it is aimed at “trying to retake the government.”
“This is about retaking the democracy from the corrupt corporate power that is determining what happens in Washington, D.C.”
Meanwhile, Steyer’s campaign to impeach Trump will continue under new leadership during his presidential bid.
National Economic Council Director Larry Kudlow Thursday praised Rep. Alexandria Ocasio-Cortez, D-NY, for her questions to Federal Reserve Chairman Jerome Powell, saying he would give her “high marks” and saying he’d like to meet with her to discuss economics.
“I’m a supply-side conservative and so forth,” Kudlow told Fox News’ “Fox and Friends.”
“I want to note in the hearings yesterday with Fed Chairman Jay Powell it was Ms. AOC who asked him about the Phillips Curve.”
The economic theory represents the relationship between inflation and the unemployment rate, finding that when unemployment is high, wages increase slowly, but when it’s low, wages go up rapidly.
During a hearing on Wednesday, Powell largely agreed with Ocasio-Cortez when she said economists are concerned that the curve is “no longer describing what is happening in today’s economy,” and Kudlow said he agrees.
“By the way, that is my position,” said Kudlow. “That has been the president’s position. Strong growth doesn’t cause higher inflation and interest rates. It looks like the Fed is going to have to cut their rates.”
And, he added, “nobody in life is all good or all bad…I’ve got to give hats off to Ms. AOC. She kind of nailed that. I’m hoping she and I can sit down to talk supply-side economics very soon.”
He further noted that there was a large jobs number that came out last Friday, and the nation is in a “powerful prosperity cycle because of pro-growth policies on taxes, regulation, trade reform, energy and so forth. There is no stopping it.”