Yeah, I saw it. I'm not looking into buying biotech stocks but rather calculating the probability of a certain price move after an FDA ruling.
Here is an excerpt from Bill O'Reilly's talking points on this issue, I think it pretty much sums it up. Wednesday, February 18, 2004 Bill's Talking Points Memo: Gay Marriage, the Law and San Francisco Gays continue to marry in San Francisco in defiance of state law. The situation is now much bigger than just gay marriage. It is clear the authorities in California are not going to enforce the law - even though it is clearly stated. This is a massive breakdown in social policy. That's the fundamental problem here. The combination of a frightened Governor, a sympathetic press, and activist judges, has nullified California's legal definition of marriage. Now, full-blown anarchy in underway in the city by the bay. Finally, after 7 days, Governor Arnold Schwartzenegger has issued a statement, "Californians overwhelmingly approved California's law that defines marriage as "between a man and a woman." I support that law and I encourage San Francisco officials to obey that law." Encourage? It's a Governor's job to enforce the law, not encourage it. What is this? Are we not a nation where citizens are required to obey the law? Here's what President Bush had to say: "I have watched carefully what is happening in San Francisco, where licenses are being issued, even though state law states otherwise. I have consistently stated I will support law to protect marriage between a man and a woman. Obviously, these events are influencing my decision." Well that's a little bit better than Schwartzenegger - Bush is actually threatening to do something about this enormous mess. Once again: I couldn't care less personally about gay marriage. I am not coming at this from a religious point of view, or from a moral standpoint. But I'm telling you, ladies and gentlemen, that society in America is breaking down. Two-thirds of California residents want marriage to remain between a man and a woman, one man says he is above the law, and that man happens to be the Mayor (of San Francisco). This is incomprehensible and hypocritical. In Alabama, Judge Roy Moore lost his job because he defied the law. Some conservatives groused, but almost everybody understood the law had to be followed in that case. But not in this case. Let's examine this hypothetically. Say I'm the Mayor of San Diego, and say I believe every American has the right to carry a gun for protection. That goes against California law - but no matter. Mayor Bill starts to issue gun licenses to everyone who wants one. Question: Do you think the media would sit there and say nothing? Do you think Governor Schwartzenegger would "encourage" Mayor Bill not to do that? The whole world is watching this. If a California law is going to be openly defied by a public official, and nothing is done about it, you can forget any discipline in society. Want to take drugs? Go ahead. Want to marry your grandson? Knock yourself out. Want to throw a rock through a window? Hey, do it all day long. The rule of law is under siege here in California (Bill is broadcasting from the West Coast all week), and politicians have nowhere to hide.
most near term upward movement happens preapproval. After the approval mid and small cap stocks often decline. Usually, the stocks peek a while before fda approval. They hit their target prices and deline a certain amount at which place they wait untill something new can be hyped.
The reason Arnold cannot do anything is that he is not the Attorney General of the State. Any legal action would have to be undertaken by the AG's office. The AG is a liberal Democrat who would rather see the laws violated than risk offending the rich and powerful gay establishment. These sham "marriages" are clearly invalid and will only be recognized in states like Mass that no longer operate under the rule of law. As for the Republicans stirring up this issue, were they the ones who brought the lawsuit in Mass or who decided to violate California law? But that's typical liberal reasoning--if Republicans don't immediately surrender their principles they are accused of being divisive. How many sides of this issue is Kerry on, anyway?
what do the state supreme courts say about this defiance? Either the local courts decision will stand and set a new interpretation or the supreme court will overrule. The local court isn't out of order. It's just starting something. Laws do get changed at the local level before the state or national level. It's about what judge at whatever level decides to break tradition, and if the upper courts agree with the decision. This lower court situation isn't unique though I can't think of what other interpretation has occured at this level. I've forgotten what I learned in poli sci 101.
I have no problem with the California courts changing the law, no problem with that what so ever. But they have not done that yet, therefore, a law is being broken, in this case, California Penal Code 115.
this lower court ruling on gay marriage is like a petition for change. If the upper courts agree then the sf gay marriage issue will stand. No law has been broken. The law is up for a vote, so to speak. boken cal law is rhetoric
OK, look, if I break the law today, then go out and try to get the courts to try to change the law tomorrow, it does not change the fact that I broke the law today. If the courts change the law tomorrow, then anyone that commits whatever act is in question after tomorrow is fine, but I am not, I broke the law before the law was changed. Hell, I might as well go out and start raping women. I'll just claim that I'm going to change the laws in the courts and therefore the prosecution can't convict me. Boy, wouldn't every criminal in this country love to have that defense.
Mav: >Two-thirds of California residents want marriage to >remain between a man and a woman, one man says >he is above the law, and that man happens to be the >Mayor (of San Francisco). >This is incomprehensible and hypocritical. >In Alabama, Judge Roy Moore lost his job because he >defied the law. Some conservatives groused, but >almost everybody understood the law had to be followed >in that case. Mav, give it due time. It will all sort out through the legal system. How long did it take the system to catch up with Moore in Alabama? -- one or two years as I recall. JB
because I think marriage between heterosexuals is bovine like. what moore did was illegal (no contest). the sf situation is arguable (a contest).