Archive for May 12th, 2008

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My youngest sister was born with a debilitating liver condition. After a few operations and a brief period in which my mother collected her bile and kept it in the fridge (bile, by the way, looks an awful lot like limeade), Ella was put back together. Now, 24 years later, she is still going strong.

In the process of taking care of Ella, my mom ended up learning about all the resources that were available to parents of children with liver disease. She began working for liver groups and ultimately formed a nonprofit group of her own. This meant that much of my childhood and adolescence was spent staffing health fairs, attending nonprofit events, passing out organ donor cards, going door-to-door, and selling things to raise money. In fact, my sisters and I even collected and traded organ donor cards from different organizations. Along with my “Spastic Colon” t-shirt, organ donor cards were the best part of the gastroenterology conventions that we had to go to with fair regularity.

The problem with transplantation is that there simply aren’t enough organs out there. Around the world, people are waiting on transplant lists for the hearts, lungs, livers, and other vitals that they desperately need. Unfortunately, most people are still uncomfortable with the idea of giving up their organs, often out of a belief that their organ donor status will be used as a consideration when it comes to giving them medical care. This, of course, hasn’t been helped by urban legends about organ thieves, movies about cloning for organ harvesting, and pretty much the entire literary career of Robin Cook, who seems unhealthily fixated on the idea of taking organs out of unwilling patients. Even Monty Python got into the act with a live organ donation segment in their film The Meaning of Life!

According to The Sydney Morning Herald, Dr. Gavin Carney, an Australian nephrologist, recently addressed Australia’s transplant crisis. Apparently Australia has one of the lowest organ donation rates in the world; for example, while 1,800 people are currently waiting for a kidney transplant, only 343 transplants were performed last year. Australians are, supposedly, going overseas to have transplants done in less-developed countries under conditions that are dangerously unsanitary and of questionable legality. Dr. Carney’s recommendation is that the Australian government start buying organs from healthy young donors. He recommended that the sum of $47,000 for a kidney would be about sufficient.

On the one hand, Dr. Carney’s solution is horrific, and it’s easy to imagine how a legalized organ trade could lead to all sorts of abuses. Moreover, while the notion of healthy young people giving up organs to support wealthy, aging baby boomers is far too simple to imagine. That having been said, I feel like Dr. Carney’s plan might have some merit. To start with, the current organ donation trade is far from fair and honest. For example, while hundreds of people are waiting for organs, Pennsylvania’s Governor Robert P. Casey received a heart and a liver mere hours after signing up for the transplant program at the University of Pittsburgh. Similarly, doctors, hospitals, and insurance companies receive hundreds of thousands of dollars for each transplant, while donors receive nothing. This has become a real issue in the case of John Moore, the patient whose cancerous spleen was used to produce Interferon. Moore’s spleen has generated billions of dollars, but he has never made a penny off of the produce of his body.

Regardless of its legality, it’s pretty clear that there’s currently a market in organ donation. Whether this takes the form of African organ sales or political figures who mysteriously rocket to the top of the transplant list, it’s clear that the worldwide organ shortage is creating ideal circumstances for criminal abuse. A well-regulated domestic organ market could reduce these problems while providing compensation for donors. The question is if such a market would work, or if it would only become the staging ground for further abuses.

In the short term, I’m going to take care of my organs. Even if I never need both of my kidneys, I have a feeling that a healthy lifestyle might be a good investment; after all, I’ve got a tiny credit debt…

Bruce Watson is a freelance writer, blogger, and all-around cheapskate. He wants everyone to know that he’s a liver, not a fighter.

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Banking Industry Veteran, Kenneth E. Sidler, Joins ExchangeBlvd … - Business Wire (press release)


Earthtimes (press release)

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Cumulus Media Inc. (NASDAQ: CMLS) has announced that the management-led investor group has terminated the planned merger agreement. While there was a glimmer of hope that this was going to be rekindled, the deal spread on this was so wide that a fleet of trucks could have driven between it.

Cumulus has agreed with the investor group led by Lew Dickey, its Chairman, President and CEO, and an affiliate of Merrill Lynch’s (NYSE: MER) Global Private Equity, to terminate the merger agreement which first came on July 23, 2007. The members of the investor group informed Cumulus that after exploring possible alternatives they were unable to agree on terms on which they could proceed with the buyout.

As a result of the termination of the merger agreement, the investor group has concurred to promptly pay Cumulus a merger termination fee of $15 million. In addition, the terms of the previously announced amendment to Cumulus’ existing credit agreement won’t take effect. Cumulus had a market cap of $253.6 million based upon a $5.81 close on Friday.

The company has also announced that its board of directors intends to explore the possible implementation of a new stock repurchase plan in the near-term in order to provide liquidity opportunities to stockholders.

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TweetWire

Twitter may have started off as a micro-blogging tool that asked users “what are you doing” right now? But the service has grown into a complex communications platform. Some people use Twitter to keep in touch with a few friends, while others use it take part in wider discussions taking place throughout the blogosphere. Still others use it as a sort of micro-broadcast medium, sending out updates, but rarely responding to messages posted by others. One thing is clear though: People post a lot of links to interesting articles on Twitter.

TweetWire attempts to take some of the most interesting links and organize them in a newspaper style web page. Tweets are broken up into a handful of categories, including elections, technology, sports, and celebrities. And the links are collected using a combination of the Twitter search engine TweetScan and the Yahoo! Pipes RSS remixing utility.

The results are… mixed. On the one hand, we love the idea of finding some of the ideal links from Twitter laid out on a easy web page. This way you don’t have to sift through page after page of messages from your contacts to find out what people are speaking about. But TweetWire isn’t going to replace your daily newspaper anytime soon. On the one hand, all the links were at least interesting enough for someone to post them on the web. On the other hand, a lot of the day’s top stories might never make it to TweetWire simply because nobody bothered to tweet about them.

If you’re only interested in tech news, you might want to check out TwitLinks, which compiles tweets from a handful of influential technology bloggers.

[via Killer Startups]

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U.K. Producer Prices Rise at Fastest Pace Since 1986 (Update4) - Bloomberg
Might 12 (Bloomberg) — U.K. producer prices climbed in April at the fastest annual pace since at least 1986 as raw-material costs jumped, adding to the case for the Bank of England to moderate the pace of interest-rate cuts. Prices charged by

Obituaries in the news - Minneapolis Star Tribune
MOUNT VERNON, Mo. (AP) — Joyce “Dottie” Rambo, a gospel singer and songwriter whose songs have been recorded by Dolly Parton, died when her tour bus ran off the highway and struck an embankment. She was 74. Seven other people on the bus were

Report: 900 children buried in China quake - CNN
BEIJING, China (CNN) — A major earthquake has buried about 900 kids in southwest China, the country’s official news bureau Xinhua reported Monday. Students help a fainted classmate evacuate to a playground in Qionglai city, southwest China’s

EU offers aid in China quake - News.com.au
THE European Union offered assistance to China this day following the 7.8 magnitude earthquake that struck the southwestern province of Sichuan, saying information from the region was “worrying”. The European Commission was closely monitoring the

900 feared buried in quake - News.com.au
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2 Humvees missing from US base in Afghanistan - Kansas City Star
Two armored Humvees were missing from a U.S. military base in Afghanistan, a military spokesman stated Monday. The military was investigating whether the automobiles were stolen, although officials believed they were likely still in the possession of U.S

Radyne concurs to be acquired by Comtech in $223.6 million all-cash - Forbes
LONDON (Thomson Financial) - Radyne Corp. stated Monday it has agreed to be acquired by Comtech Telecommunications in a deal valuing the company at $223.6 million. Under the terms of the agreement, Comtech will make a first step cash tender to Radyne

No serious quake damage in Chengdu - China state TV - Forbes
BEIJING (XFN-ASIA) - A powerful earthquake that shook southwestern China didn’t appear to have caused major damage in the Sichuan provincial of capital Chengdu, near the epicenter, state television reported on Monday. A reporter for CCTV news in

OXFD Secures Winning Bid on Loan Portfolio - MSN MoneyCentral
Oxford Funding Corporation (OTC:OXFD) has secured the winning bid on a $1.69 million performing first lien residential loan portfolio from a major national lender Ronald C. Redd, Chief Executive Officer of Oxford reports. “This is a relatively small

Output from massive Kashagan field delayed once again - Houston Chronicle
Eni, Italy’s largest oil company, and partners developing the Kashagan oil field in the Caspian Sea may delay production by as much as two years, the fourth postponement at the 7 billion- to 9 billion-barrel Kazakhstan discovery. The start of

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