Abbott Labs Is Buying St. Jude Medical for $25 Billion

Abbott Labs Is Buying St. Jude Medical for $25 Billion

by Reuters

April 28, 2016, 7:44 AM EDT

http://fortune.com/2016/04/28/abbott-st-jude-merger/

The deal comes with a high premium.

Abbott Laboratories ABT -2.92% said it agreed to buy medical device maker St. Jude Medical STJ -1.38% for $25 billion to add heft to its heart and neurological devices business.

St. Jude shareholders will receive $46.75 in cash and 0.8708 Abbott shares, representing a total consideration of about $85 per share.

The offer represents a 37% premium to St. Jude’s Wednesday closing. St. Jude’s shares were up about 27% premarket on Thursday.

Abbott will assume or refinance St. Jude’s net debt of about $5.7 billion.

The deal will add to Abbott’s adjusted earnings per share in the first full year after the close of the transaction, the company said. It will add 21 cents per share in 2017 and 29 cents in 2018.

http://for.tn/1rkhyJ3

Abbott’s cardiovascular device unit will have annual sales of $8.7 billion after the business are combined.

St. Jude Medical

Sidley Austin LLP was the lobby firm for St. Jude Medical Inc., and St. Jude Children's Research Hospital.

Note: Michelle Obama was a lawyer at Sidley Austin LLP.

Barack Obama was an intern at Sidley Austin LLP.           

Newton N. Minow is a senior counsel at Sidley Austin LLP, and a member of the Commercial Club of Chicago.

R. Eden Martin is counsel at Sidley Austin LLP, and the president of the Commercial Club of Chicago.    

Commercial Club of Chicago, Members Directory A-Z (Past Research)

Tuesday, December 17, 2013       

http://thesteadydrip.blogspot.com/2013/12/commercial-club-of-chicago-members.html

Sally Blount is a member of the Commercial Club of Chicago, and a director at Abbott Laboratories.

W. James Farrell is a member of the Commercial Club of Chicago, and a director at Abbott Laboratories.

Edward M. Liddy is a member of the Commercial Club of Chicago, and a director at Abbott Laboratories.

William A. Osborn is a member of the Commercial Club of Chicago, and a director at Abbott Laboratories.

Samuel C. Scott III is a member of the Commercial Club of Chicago, and a director at Abbott Laboratories.

Glenn F. Tilton is a member of the Commercial Club of Chicago, and a director at Abbott Laboratories.

Miles D. White is a member of the Commercial Club of Chicago, and the chairman & CEO for Abbott Laboratories.

Christopher B. Begley is a member of the Commercial Club of Chicago, and was the SVP for Abbott Laboratories.

Jack M. Greenberg is a member of the Commercial Club of Chicago, and was a director at Abbott Laboratories.

Robert L. Parkinson Jr. is a member of the Commercial Club of Chicago, and was the president & COO for Abbott Laboratories.

William D. Smithburg is a member of the Commercial Club of Chicago, and was a director at Abbott Laboratories.

William M. Daley is a member of the Commercial Club of Chicago, was a director at Abbott Laboratories, and the chief of staff for the Barack Obama administration.

Barack Obama is the president for the Barack Obama administration, and was an intern at Sidley Austin LLP.

Sidley Austin LLP was the lobby firm for St. Jude Medical Inc., and St. Jude Children's Research Hospital.

Alston & Bird is the lobby firm for St. Jude Children's Research Hospital, and was the lobby firm for Abbott Laboratories.

Tom Daschle was a special policy adviser at Alston & Bird, a nominee for health and human services secretary for the Barack Obama administration, is the chairman for the Center for American Progress, and a 2008 Bilderberg conference participant (think tank).     

Open Society Foundations was a funder for the Center for American Progress.

George Soros is the founder & chairman for the Open Society Foundations, was the chairman for the Foundation to Promote Open Society, and a supporter for the Center for American Progress.

Foundation to Promote Open Society was a funder for the Center for American Progress.

Ezekiel Emanuel is a senior fellow at the Center for American Progress, Ari Emanuel & Rahm I. Emanuel’s brother, and a founding chair of the Department of Bioethics for the National Institutes of Health.

National Heart, Lung and Blood Institute is a division of the National Institutes of Health.

James R. Gavin III was a staff associate for the National Institutes of Health, and is a director at Baxter International Inc.

Thomas F. Chen is a director at Baxter International Inc., and was the SVP for Abbott Laboratories.

Robert L. Parkinson Jr. is the chairman & CEO for Baxter International Inc., a member of the Commercial Club of Chicago, and was the president & COO for Abbott Laboratories.

Ari Emanuel is Ezekiel Emanuel & Rahm I. Emanuel’s brother, and the co-CEO & director for William Morris Endeavor Entertainment.

Ray Romano is a William Morris Endeavor Entertainment client, and was the spokesperson for St. Jude Children's Research Hospital.

Sidley Austin LLP was the lobby firm for St. Jude Children's Research Hospital, and St. Jude Medical Inc.

Michelle Obama was a lawyer at Sidley Austin LLP.

Barack Obama was an intern at Sidley Austin LLP, and is the president for the Barack Obama administration.

Newton N. Minow is a senior counsel at Sidley Austin LLP, and a member of the Commercial Club of Chicago.

R. Eden Martin is counsel at Sidley Austin LLP, and the president of the Commercial Club of Chicago.    

Rahm I. Emanuel is a member of the Commercial Club of Chicago, the Chicago (IL) mayor, Ezekiel Emanuel & Ari Emanuel’s brother, and was the White House chief of staff for the Barack Obama administration.  

Sally Blount is a member of the Commercial Club of Chicago, and a director at Abbott Laboratories.

W. James Farrell is a member of the Commercial Club of Chicago, and a director at Abbott Laboratories.

Edward M. Liddy is a member of the Commercial Club of Chicago, and a director at Abbott Laboratories.

William A. Osborn is a member of the Commercial Club of Chicago, and a director at Abbott Laboratories.

Samuel C. Scott III is a member of the Commercial Club of Chicago, and a director at Abbott Laboratories.

Glenn F. Tilton is a member of the Commercial Club of Chicago, and a director at Abbott Laboratories.

Miles D. White is a member of the Commercial Club of Chicago, and the chairman & CEO for Abbott Laboratories.

Christopher B. Begley is a member of the Commercial Club of Chicago, and was the SVP for Abbott Laboratories.

Jack M. Greenberg is a member of the Commercial Club of Chicago, and was a director at Abbott Laboratories.

Robert L. Parkinson Jr. is a member of the Commercial Club of Chicago, and was the president & COO for Abbott Laboratories.

William D. Smithburg is a member of the Commercial Club of Chicago, and was a director at Abbott Laboratories.

William M. Daley is a member of the Commercial Club of Chicago, was a director at Abbott Laboratories, and the chief of staff for the Barack Obama administration.

THE NEXT PUSH TO EMPOWER “WE THE PEOPLE”.

THE NEXT PUSH TO EMPOWER “WE THE PEOPLE”.

Modernizing Elections – and idea whose time has come

Most Americans were shocked and angry to discover that their votes did not decide primary elections.  In both major political parties “delegates” are selected to attend a convention and they vote for the candidate of their choice.  Frequently these delegates are influenced by the political establishment of their party and they do not always choose the candidate who had the most votes in the primary election.

Americans may not have been aware of this corruption at the primary level but It wouldn’t take a Mensa member to suspect what was happening.  Think about it a minute; we elect and send our representatives to Congress and once they move to DC they no longer do the bidding of those who elected them.

Representative forms of government are all subject to this type of corruption.  My church is another example.  The national denomination is attended by elected “delegates”.  But the power structure within the church has been hijacked by left wing activists.  So when the delegates arrive they are sent to “workshops” (dare I say “reeducation propaganda pressure groups?) to influence their vote.  Our national denomination now supports gay marriage, gay clergy, boycott of Israel, and gun control.  If there were a method of allowing the members of our churches to vote directly, none of these issues would prevail.

In the political arena newly elected representatives frequently are idealistic enough that they still think they should represent those who elected them.  The party leaders and the committee chairmen realize that “doing the will of the people” would weaken if not destroy the elite power structure that is firmly in place.  By the time these newcomers first term is over they have become part o the “good ole boys network, or the party bosses will make sure they are not reelected.

So be it a political party, a union, a church, or any other organization that establishes policy using elected delegates or representatives you can be sure that the establishment power brokers are who is really making the decision. 

We have all been disenfranchised.

Of course it turned out this way.  When our institutions were created it was at least a three day horseback ride to the state capital.  By 1860 The fastest mail delivery was the Pony Express, who could get letters from St. Joseph, Mo., to Sacramento, Calif., in 10 days. After 18 months, however, the Pony Express ceased to exist when the complicated operation became too expensive.  By 1861, however, Western Union had laid the first transcontinental telegraph line, making it the first nationwide telegraph company. 

Theoretically, by the end of the 19^th century the establishment power structure could have begun to be deconstructed.  Local elected leaders could have held town hall meetings in every community and voted by telegraph thereby eliminating the clustering of power in one place.  Needless to say the ensconced power brokers in centralized locations weren’t about to help that solution to be applied.

By now many of my readers have begun to see where I am going with this article.  With the advent of the Internet we no longer need centers of political power.  It is now technologically possible to empower citizens to vote directly on issues and there is no longer a need for representatives to gather together in a cluster of influence and power and our government can truly be “of the people, by the people, and for the people”,

Legislative, Judicial and Executive are the three institutions of government that are provided for by our constriction.  The forth branch of government is missing; the citizens.

What would a reasonable, rational plan to make the citizens the fourth branch of government look like?

One of the things I do for a living involves the behavioral sciences.  When an individual or a group wants to change habitual behavior one of the recognized effective techniques is “incremental desensitization”. The simple explanation of that principle is to create increments that are easily achieved and to continue that process until the full change has been created.  I wrote an article about this process that can be found at http://dontshootrusty.blogspot.com/

 

Any suggestions on where to start?  Remember each increment should not be more difficult than a “3” on a scale of one to ten.

Icegate: Now NSIDC Caught Tampering With Climate Records

Icegate: Now NSIDC Caught Tampering With Climate Records

by James Delingpole 28 Apr 2016

http://www.breitbart.com/london/2016/04/28/icegate-now-nsidc-caught-tampering-with-climate-records/

You’ve read about the climate fraud committed ‘on an unbelievable scale’ by the shysters at NASA.

You’ve read about how NOAA overestimated US warming by 50 percent.

Now it’s NSIDC’s turn to be caught red-handed fiddling the data and cooking the books.

NSIDC – National Snow and Ice Data Center – is the US government agency which provides the official statistics on such matters as sea ice coverage in the Arctic.

Naturally its research is of paramount importance to the climate alarmists’ narrative that man-made global warming is causing the polar ice caps to melt. At least it was until those ice caps refused to play ball…

Where the alarmists have for years been doomily predicting ice free summers in the Arctic –  according to Al Gore in 2007, 2008 and 2009 it would be gone by 2013 – the truth is that multi-year ice has been staging a recovery since 2009.

So what do you do if reality doesn’t suit your narrative? Simple. If you’re NSIDC (and NASA and NOAA…) you just change reality.

NSIDC’s latest attempt to breathe new life into the corpse of the alarmist narrative comprised a press release a few weeks ago claiming that 5+ year old sea ice is at its smallest level on record. To prove it, they’ve produced a new chart that looks like this.

But according to Steven Goddard of the Real Science website this claim needs to be taken with a huge pinch of salt.

Note how, to confuse matters, NSIDC have upended their chart so that 5+ year ice instead of being at the bottom is now at the top. Far worse, though, they’ve gone and deleted all the old style maps from their archive.

At least they thought they had.

But a sharp eyed reader of Goddard’s managed to find one old style map that NSIDC had forgotten to delete. This enabled Goddard to compare the new style map with an old style map for the same week. What he discovered is that NSIDC has been making some dramatic and unexplained adjustments to the record: about half the 5+ year sea ice which should be there, for example, has been mysteriously erased.

Here is a chart Goddard has composed showing the differences.

And here are the two maps, new and old. Note how much larger the 5+ year sea ice coverage is on the old one than on the new one. Note also that there is no scientific reason for this.

NSIDC must know that what they are doing is unethical. Why else would they have gone to the trouble not just of deleting their old records – but of trying to block the auto-archiving of that data?

We’re often told by the alarmist establishment that the ‘science is settled’, that there’s a 97 per cent consensus on man-made global warming and that the debate is over. Well, fine. But normally when a case is rock solid the facts are allowed to speak for themselves. Usually, the only time you need to tamper with the evidence is when you’re really desperate and when, you might say, you’re skating on really thin ice…

NOAA@NSIDC

http://nsidc.org/noaa/

Overview

With funding from the National Oceanic and Atmospheric Administration (NOAA), a small team at NSIDC manages, archives, and publishes data sets with an emphasis on in situ data and data from operational communities such as the U.S. Navy.  NOAA@NSIDC strives to digitize and publish old and sometimes forgotten but valuable analog data. We also help develop educational pages, contribute to larger center-wide projects, and support the Roger G. Barry Archives and Resource Center (ARC) at NSIDC.

Sponsors

NSIDC was established at the University of Colorado in 1982 by NOAA's National Environmental Satellite, Data, and Information Service (NESDIS) to serve as a national information and referral center for polar research. While NSIDC is not part of NOAA, we are affiliated with the NOAA National Centers for Environmental Information (NCEI) (formerly NGDC) through a cooperative agreement and archive and distribute our NOAA data in partnership with NCEI. NOAA@NSIDC activities are made possible by support from NOAA/NESDIS/NCEI and the NOAA Arctic Research Program.

National Aeronautics and Space Administration (NASA)

Scott J. Kelly is an astronaut for the National Aeronautics and Space Administration (NASA), and Mark E. Kelly’s brother.

Note: Mark E. Kelly is Scott J. Kelly’s brother, an astronaut for the National Aeronautics and Space Administration (NASA), a co-founder for the Americans for Responsible Solutions, and married to Gabrielle Giffords.

Gabrielle Giffords is married to Mark E. Kelly, and a co-founder for the Americans for Responsible Solutions.

Americans for Responsible Solutions is a “Gun Control, Gun Safety” PAC for guns.

Michael R. Bloomberg was a contributor for the Americans for Responsible Solutions, a benefactor for the Harlem Children's Zone, and is the founder of the Bloomberg Family Foundation.

Foundation to Promote Open Society was a funder for the Harlem Children's Zone, the Aspen Institute (think tank), the Committee for Economic Development, the People for the American Way, the Natural Resources Defense Council, and the Climate Reality Project.

George Soros was the chairman for the Foundation to Promote Open Society, a benefactor for the Harlem Children's Zone, and is the founder & chairman for the Open Society Foundations.

Open Society Foundations was a funder for the Bill, Hillary & Chelsea Clinton Foundation, the Natural Resources Defense Council, and the Planned Parenthood Federation of America.    

Bloomberg Family Foundation was a funder for the Aspen Institute (think tank).

Walter Isaacson is a director at the Bloomberg Family Foundation, and the president & CEO for the Aspen Institute (think tank).

James S. Crown is the vice chairman for the Aspen Institute (think tank), a director at the General Dynamics Corporation, and a member of the Commercial Club of Chicago.

William A. Anders was the chairman & CEO for the General Dynamics Corporation, and an astronaut for the National Aeronautics and Space Administration (NASA).

James M. Beggs was an administrator for the National Aeronautics and Space Administration (NASA), and the EVP for the General Dynamics Corporation.

Lester Crown was a director at the General Dynamics Corporation, a lifetime trustee at the Aspen Institute (think tank), and is a member of the Commercial Club of Chicago.

Commercial Club of Chicago, Members Directory A-Z (Past Research)

Tuesday, December 17, 2013       

http://thesteadydrip.blogspot.com/2013/12/commercial-club-of-chicago-members.html

R. Eden Martin is the president of the Commercial Club of Chicago, and counsel at Sidley Austin LLP.

Newton N. Minow is a member of the Commercial Club of Chicago, and a senior counsel at Sidley Austin LLP.

Michelle Obama was a lawyer at Sidley Austin LLP, and is Craig M. Robinson’s sister.

Barack Obama was an intern at Sidley Austin LLP, and Obamacare is his signature policy initiative.

CGI Group Inc. was the Obamacare contractor that developed Healthcare.gov web site.

Donna S. Morea was the EVP for the CGI Group Inc., and a trustee at the Committee for Economic Development.

E. Gordon Gee is a trustee at the Committee for Economic Development, and was the president for the University of Colorado.

Gigi Pritzker Pucker was an advisory council member, Boulder for the University of Colorado, and Jay Pritzker daughter.

Jay Pritzker was Gigi Pritzker Pucker’s father, and Donald Pritzker’s brother.

Donald Pritzker was Jay Pritzker’s brother, and Penny S. Pritzker’s father.

Penny S. Pritzker is Donald Pritzker’s daughter, a member of the Commercial Club of Chicago, the secretary at the U.S. Department of Commerce for the Barack Obama administration, was the national finance chair, fundraiser for the 2008 Barack Obama presidential campaign, a co-chair for the 2009 Barack Obama inaugural committee, a fundraiser, national co-chair for the 2012 Barack Obama presidential campaign, a contributor for the 2013 Barack Obama inaugural committee, the host for the Barack Obama fund-raising dinner, 7/2/2008, and Craig M. Robinson’s basketball coach for the children's team.

National Oceanic and Atmospheric Administration (NOAA) is a division of the U.S. Department of Commerce.

Jane Lubchenco was an administrator for the National Oceanic and Atmospheric Administration (NOAA) for the Barack Obama administration, a professor at Oregon State University, a trustee at the Environmental Defense Fund, and a founding board member for Climate Central.

Craig M. Robinson was the men's basketball team coach at the Oregon State University, Penny S. Pritzker was his basketball coach for the children's team, and is Michelle Obama’s brother.

Robertson Foundation (NY) was a funder for the Environmental Defense Fund, Climate Central, and the Bill, Hillary & Chelsea Clinton Foundation.

Carl Ferenbach III is the chairman for the Environmental Defense Fund, and a board member for Climate Central.

Environmental Defense Fund is a national partner with America Votes, and a member of the U.S. Climate Action Partnership.

People for the American Way is a national partner with America Votes.

Mary Frances Berry is a director at the People for the American Way, and was the chancellor for the University of Colorado.

Margery Tabankin is a director at the People for the American Way, and the treasurer for the Barbra Streisand Foundation.

Barbra Streisand Foundation was a funder for the Bill, Hillary & Chelsea Clinton Foundation, the Natural Resources Defense Council, and the Planned Parenthood Federation of America.

Frances G. Beinecke is the president of the Natural Resources Defense Council, and a board member for Climate Central.

Wendy Schmidt is a trustee at the Natural Resources Defense Council, and a board member for Climate Central.

Natural Resources Defense Council is a member of the U.S. Climate Action Partnership.

James Gustave Speth is an honorary trustee at the Natural Resources Defense Council, and a director at the Climate Reality Project.

Albert A. Gore Jr. is the chairman of the Climate Reality Project.

Center for a New American Security is a contributor to the Climate Reality Project, and the U.S. Navy.

Robert O. Work was the CEO for the Center for a New American Security, the undersecretary for the U.S. Navy, and is the deputy secretary for the U.S. Department of Defense.

Dennis C. Blair was a director for the Center for a New American Security, the national intelligence director for the Barack Obama administration, and an admiral for the U.S. Navy.

Norman R. Augustine was a director at the Center for a New American Security, and is an advisory council member, Boulder for the University of Colorado.

Gigi Pritzker Pucker is an advisory council member, Boulder for the University of Colorado, and Jay Pritzker’s daughter.

Mary Frances Berry was the chancellor for the University of Colorado, and is a director at the People for the American Way.

People for the American Way is a national partner with America Votes.

Environmental Defense Fund is a national partner with America Votes, and a member of the U.S. Climate Action Partnership.

Planned Parenthood Action Fund is a national partner with America Votes.

Cecile Richards was the founder & president for America Votes, is the president for the Planned Parenthood Action Fund, the president of the Planned Parenthood Federation of America, and was a grant overseer for the Turner Foundation.

Ted Turner is the chairman for the Turner Foundation, and the founder of CNN.

Walter Isaacson was the chairman & CEO for CNN, is the president & CEO for the Aspen Institute (think tank), and a director at the Bloomberg Family Foundation.

Bloomberg Family Foundation was a funder for the Aspen Institute (think tank).

Michael R. Bloomberg and is the founder of the Bloomberg Family Foundation, a benefactor for the Harlem Children's Zone, and was a contributor for the Americans for Responsible Solutions.

Americans for Responsible Solutions is a “Gun Control, Gun Safety” PAC for guns.

Gabrielle Giffords is a co-founder for the Americans for Responsible Solutions, and married to Mark E. Kelly.

Mark E. Kelly is a co-founder for the Americans for Responsible Solutions, married to Gabrielle Giffords, Scott J. Kelly’s brother, and an astronaut for the National Aeronautics and Space Administration (NASA).

Scott J. Kelly is Mark E. Kelly’s brother, and an astronaut for the National Aeronautics and Space Administration (NASA).  

Richard H. Truly was an administrator, astronaut for the National Aeronautics and Space Administration (NASA), an admiral for the U.S. Navy, and is a trustee at the Colorado School of Mines.

M.W. Scoggins is the president of the Colorado School of Mines, and a director at QEP Resources, Inc.

James A. Harmon was a director at QEP Resources, Inc., and the president of the Export-Import Bank of the US.

Penny S. Pritzker is a director at the Export-Import Bank of the US, Donald Pritzker’s daughter, a member of the Commercial Club of Chicago, the secretary at the U.S. Department of Commerce for the Barack Obama administration, was the national finance chair, fundraiser for the 2008 Barack Obama presidential campaign, a co-chair for the 2009 Barack Obama inaugural committee, a fundraiser, national co-chair for the 2012 Barack Obama presidential campaign, a contributor for the 2013 Barack Obama inaugural committee, the host for the Barack Obama fund-raising dinner, 7/2/2008, and Craig M. Robinson’s basketball coach for the children's team.

National Oceanic and Atmospheric Administration (NOAA) is a division of the U.S. Department of Commerce.