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However, perhaps the companies shouldn't freak out - yet. The DTC issue has not been floated as an early White House priority; it is unlikely to be dealt with until weeks or months after Obama names a nominee for FDA commissioner, an announcement that could come within days. Plus, some of DTC's most vocal critics in Congress aren't calling for an all-out advertising ban. For example, Democratic Representative Bart Stupak of Michigan, chairman of the House Energy and Commerce Subcommittee on Oversight and Investigations, wants a moratorium on DTC ads during a drug's first two years...

Author: /time Magazine | Title: Are Direct-to-Consumer Drug Ads Doomed? | 2/4/2009 | See Source »

Further, while a two-year delay wouldn't exactly help struggling media outlets desperate for ad revenue, it shouldn't put them out of business. Swallen figures that if the pharmaceutical moratorium were in place last year, magazines as a group would have lost roughly $210 million, or 0.8% of the approximately $25 billion in total ad revenue it took in for the year. And that's using a worst-case scenario in which the FDA kept all new drugs off the ad market for two years. Similarly, television outlets would have lost some $423 million...

Author: /time Magazine | Title: Are Direct-to-Consumer Drug Ads Doomed? | 2/4/2009 | See Source »

...further subsidizing home mortgages that are already tax-deductible, as if the Federal Government hasn't done enough to encourage homeownership (and in the process, it can be argued, help lay the foundation for the current crisis). But Obama has called for an earmark-free stimulus, so the legislation shouldn't have too many embarrassing waterslides, Mafia museums or cranberry subsidies. Instead, Congress would funnel hundreds of billions of dollars to states and various agencies...

Author: /time Magazine | Title: What Is Real Stimulus and What Isn't? | 2/3/2009 | See Source »

...Clackmannan, who serves as president of an engineering contractors group, withdrew an amendment to a construction bill last week. "To be frank, I didn't really think about it too much," he told The Sunday Times. "Then I read at the weekend the expose and thought, God, I shouldn't be doing this.'"(Read "Lords and Loans...

Author: /time Magazine | Title: Lords for Hire? Scandal Rocks U.K. Parliament | 2/2/2009 | See Source »

Companies that can't afford to fly safely shouldn't fly at all, some experts say. "I don't want to have the dead bodies keep stacking up and us say, 'Well, regulation costs money so we shouldn't have it,'" says Albert. "In aviation it's safety first and economics second...

Author: /time Magazine | Title: Chopper Safety: A Clash Between Federal Agencies | 1/30/2009 | See Source »

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