The Food and Drug Administration vowed Thursday to reverse the approval of a patch for injured knees that it granted in 2008 after being pressured by four New Jersey congressmen and its own commissioner.
The patch, known as Menaflex and manufactured by ReGen Biologics Inc., works in a fundamentally different way than devices that ReGen had claimed were similar enough that Menaflex did not need to be tested thoroughly, the F.D.A. decided. Its approval was an “error,” the agency said in a press release.
F.D.A. Says It Approved Device in Error After Official Pressure
Sponsor of National Prayer Breakfast received money from alleged terrorist group
A group of Ohio ministers has asked the Internal Revenue Service to investigate the organization that sponsors the National Prayer Breakfast because it received money six years ago from an alleged Islamic terrorist organization trying to finance illicit lobbying.
ClergyVoice, the activist group that wrote to the IRS commissioner Wednesday, complained that the Fellowship Foundation violated its obligation as a tax-exempt organization not to deal with such entities.
UFO Spotted Flying High Over Streets Of NYC?
Several New Yorkers witnessed an unusual sight Wednesday afternoon when several shiny objects were seen flying high above the streets of Manhattan. The NYPD and Federal Aviation Administration say around 1:30 p.m., they received calls from many people who saw the objects hovering over Chelsea.
Many people took to Twitter to talk about the unidenified flying objects sighting and posted videos and photos of the bizarre event. Some believed the objects were balloons, however, officials have not confirmed what the objects were.
73 Armenians face US health care scam charges
US officials have charged 73 people over what is thought to be the largest ever attempt to defraud the country's medical insurance system. Prosecutors say a network of Armenian gangsters and their associates set up fake clinics using stolen identities to make false claims for treatment.
Investigators said more than $35m (£22m) was paid out. A US Attorney said the scheme's scope and sophistication put the traditional mafia to shame.
Terminal cancer patients routinely exploited by high-profit screening scams even as death approaches
Want to know the disturbing truth about the greed-driven cancer industry? I've written about it using blunt language here on NaturalNews, and awareness is spreading. People are sick of pinkwashing nonsense, and they're wising up to the fundraising "run for the cure" scams that only funnel more money into corrupt, Pharma-dominated cancer non-profits.
Now a new study published in the Journal of the American Medical Association sheds new light on just how cruel and greedy the cancer industry really is. It turns out that even when cancer patients are terminal -- meaning they're expected to die soon -- the cancer industry herds them into yet more screening, mammograms, biopsies and lab tests in order to generate more profits from Medicare before the patient expires.
Interest - Our Invisible Slavery
Let's say you want to buy a house and go the bank and get a loan. Say 200k. The simple truth is, after thirty years you will have payed back 600k. 200k for the principal and 400k (!!) in interest.
Now this might be ok, or at least somewhat understandable, if you were borrowing this money from somebody else, who has been saving it. But as we know, this is not the case. The money is produced the moment the loan is granted by the bank. In a computer program. By pressing a few buttons.
So basically you pay 400k interest for pressing a button. Granted, the bank needs to manage the loan during the time it is being repaid. But the cost for this is still only a fraction of the income they get through the interest.
Nuclear watchdog groups say corners cut on fire safety
Nuclear watchdog groups say that an internal report by the Nuclear Regulatory Commission on fire safety at nuclear plants shows that regulators don't have enough information to know whether its new fire rules will ensure safety.
The NRC, in response, said the new fire plan was the product of years of extensive research, would improve safety and was ready to use. The first plant approved to use the new regulations is Progress Energy's Harris nuclear plant in North Carolina.
50 state attorneys general announce foreclosure probe
The attorneys general of all 50 U.S. states announced Wednesday that they are joining to probe mortgage loan servicers who are accused of submitting false affidavits, but they stopped short of calling for a national moratorium.
The multistate investigation will initially focus on whether Bank of America, J.P. Morgan Chase, Ally Financial and other large mortgage companies made misleading or fraudulent statements to evict struggling borrowers from their homes.
FDA warns of thigh fractures with bone drugs
Osteoporosis drugs used by millions of women to prevent bones from breaking may increase the chances for an unusual type of thigh fracture, U.S. health officials warned on Wednesday. The drugs known as bisphosphonates include Merck & Co Inc's Fosamax, Roche Holding AG's Boniva, Novartis AG's Reclast and Warner Chilcott Plc's Actonel.
The action could drive patients to Amgen Inc's just-launched rival medicine, Prolia, a different type of osteoporosis drug that is the company's most important future growth driver.
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