SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: American Spirit who wrote (77671)5/21/2008 9:54:48 PM
From: stockman_scott  Respond to of 89467
 
An Obama / Hagel ticket might totally overwhelm the competition...;-)



To: American Spirit who wrote (77671)5/22/2008 3:21:54 AM
From: stockman_scott  Respond to of 89467
 
Growing arsenal of therapies may serve Kennedy
______________________________________________________________

By Stephen Smith and Carey Goldberg
Boston Globe Staff
May 22, 2008

Until a few years ago, patients stricken with cancerous brain tumors had precious few treatment options. There was surgery and radiation and not much else.

But today, as Senator Edward M. Kennedy and his doctors plot his course of care for a malignant glioma, they confront a richer palette of possibilities - due in no small part to Kennedy's championing of the war on cancer since its dawn in 1971.

Friends are certain that, secluded in Hyannis Port, Kennedy and his family are working the phones and taking a crash course in cancer care, from standard treatments to novel approaches being tested around the country.

"It's really hard to think of anyone who's helped biomedical research in this country or the National Institutes of Health more than he has, and hopefully he'll get some benefit from how he's helped others," said Dr. Patrick Wen, clinical director of the Center for Neuro-oncology at the Dana-Farber Cancer Institute.

Among the progress that the Kennedys will undoubtedly learn about is a powerful form of chemotherapy that comes in a pill and stands as the drug of choice. And study results being released next week at a major cancer research conference show that a drug now used to treat other types of tumors can extend the period that a brain growth remains in check, although in only about half the patients who received it.

At the same time, researchers around the world are exploring a constellation of experimental treatments, everything from specially engineered cold viruses that explode brain tumors while leaving healthy cells intact to a substance found in scorpion venom that targets cancer cells for destruction. Scientists also said they believe they are edging closer to being able to tailor treatments to the genetic quirks of individual patients' tumors.

Currently, the cancer branch of the NIH is sponsoring 269 experimental trials for adults suffering from gliomas, an agency spokesman said.

None of these therapies come close to being a cure, however, and with brain cancers, advances are typically measured in months of additional life, not years.

"To cure this problem is harder than getting to the moon, apparently, because we got to the moon a long time ago," said Dr. Eric Holland, director of the Brain Tumor Center at Memorial Sloan-Kettering Cancer Center in New York. "All along the way we've been encouraged by things that looked good that at the end of the day didn't change the survival of patients."

Still, there is no denying that advances have been made, both in improving existing treatments and exploring new strategies to combat brain tumors.

In years past, for example, radiation would be trained on a patient's entire brain. Now, radiation, a mainstay of treatment, has become both more precise and more powerful, allowing doctors to target the tumor with more killing rays while not inflicting collateral damage on healthy brain tissue.

"It really has changed dramatically in terms of what we can offer patients today versus what we could even five years ago," said Dr. Howard A. Fine, chief of the Neuro-oncology Branch at the National Cancer Institute.

Fine said he is treating patients who have survived three, five, or even 10 years after being diagnosed with a malignant glioma "who were told they were going to die in six months, see you later. And now they're going about having normal lives."

"But do I also have patients who die in three or four or five months? Absolutely, I do," Fine said. "My point is, it doesn't have to be that way."

For so long, brain cancer had been considered such a formidable foe that researchers shied away from it, preferring to concentrate their efforts on other cancers. Brain tumors are dauntingly complex growths, and the slightest errors in treatment can result in devastating complications. Moreover, a protective barrier between the brain and blood flowing through the rest of the body greatly complicates the delivery of drugs.

Economics comes into play, as well. Simply put, the market for brain cancer drugs pales compared with that for other malignancies, with only 9,000 people a year in the United States diagnosed with the kind of cancer that has beset Kennedy.

"Because the numbers are relatively small," Wen said, "the incentive to develop drugs for brain tumors is less than for breast cancer or prostate cancer."

After so many years of having few options for their patients, cancer doctors in 2005 added an important new weapon. A landmark study showed that the drug temozolomide increased survival by a few months in newly diagnosed brain cancer patients when used in tandem with radiation.

Next week, researchers will present data showing that some brain cancer patients with especially aggressive tumors lived longer when they took a drug already approved to treat colon, lung, and breast cancer in combination with another medication. The study found that in half of the patients taking Avastin and another drug, the tumors had stopped growing after six months.

Other treatments are in various stages of development, including vaccines that would rev up the immune systems of patients to attack tumors, which otherwise are so stealthy that they can hide from disease-fighting cells.

Three radically new methods for attacking brain tumors are close to entering clinical trials locally, said Xandra O. Breakefield, a researcher at Massachusetts General Hospital. The methods aim to use genetically modified cells or viruses to home in on invasive tumor cells and destroy them.

Local biotech companies, too, are adding possible new weapons to the arsenal against brain tumors, including one originally isolated from scorpion venom. TransMolecular Inc. of Cambridge found that a substance called chlorotoxin binds to tumor cells but not to normal cells. Used with radioactive iodine, it delivers lethal radiation only to tumor cells, said Michael Egan, the company's president. It is now being tested in patients with malignant gliomas that have grown back, he said.

Throughout his 45 years in the Senate, Kennedy has been a stalwart defender of biomedical research, arguing for increases in the NIH budget, as well as sponsoring legislation to improve mammograms, securing money for cancer care in Boston, and backing aid for childhood cancers.

"In the cancer research and medical research community, we certainly owe Senator Kennedy a lot of gratitude for his support," said Dr. W.K. Alfred Yung, chairman of neuro-oncology at M.D. Anderson Cancer Center in Houston. "This is also a time that the brain tumor community really needs to galvanize for the senator and his family to give the best advice in terms of the best way to move forward in his treatment."



To: American Spirit who wrote (77671)5/22/2008 4:37:04 AM
From: stockman_scott  Respond to of 89467
 
Texas-Sized Proxy Fight Awaits Exxon Mobil
_______________________________________________________________

May 21, 2008: 03:39 PM EST

NEW YORK (Dow Jones) -- A Texas-sized shareholder showdown awaits Exxon Mobil Corp. at its annual meeting May 28, with the list of institutional investors calling for change at the oil giant getting longer on Wednesday

The usual contentiousness at Exxon Mobil's (XOM) annual meeting appears to be peaking along with the price of oil this year. Shareholder activists and institutional investors are lining up behind a resolution to separate the chairman and chief executive positions.

Rex Tillerson currently holds both jobs at the oil company, which rang up a record profit of nearly $41 billion in 2007 on the heels of record oil prices. Crude continues to spike in 2008 to $132 a barrel, at last check.

Proponents say that the measure --- listed as item 5 on this year's proxy statement -- could foster more debate during annual meetings and possibly lead toward a greater emphasis on alternative energy by the Irving, Texas-based petroleum producer.

The results of the nonbinding vote will be made public at the end of the annual meeting, which last year came by noon Central time.

Ceres, a network of 60 institutional investors, and its Investor Network on Climate Risk project said Wednesday that "unlike other major oil firms, whose boards and top management are actively engaged in tackling the risks and opportunities posed by climate change, Exxon Mobil has been unresponsive to repeated investor requests regarding its climate-related business strategies."

The company continues to oppose the move and even took the rare move of circulating an email to shareholders on May 12 to reinforce its position.

"As discussed in more detail in the enclosed proxy responses, the Exxon Mobil board believes that the decision as to who should serve as chairman and chief executive is the proper responsibility of the board," Exxon Mobil told shareholders. "The Exxon Mobil board also believes that a shareholder-advisory vote on executive compensation is not warranted and that clearer, more effective channels of communication between shareholders and the board already exist."

If at first you don't succeed ...

This year marks the sixth time shareholder activist Robert A. Monks has filed the resolution in question via his family's investment-management firm, Ram Trust Services. Ram Trust owns 109,217 shares valued at $10.3 million, based on Exxon's closing price of $94.56 a share Tuesday.

The item drew support from about 40% of shareholders last year at the meeting for the world's largest publicly traded corporation, bearing a market capitalization of about $500 billion.

But this year for the first time, the measure drew public support from descendants of Exxon Mobil founder John D. Rockefeller. The family members collectively own less than 1/100 of 1% of the company's stock, but provided a symbolic boost to the battle.

While family members praised Tillerson for his oil and gas results, they concluded that an independent board seat remains "key to Exxon Mobil's future" and that the company should step up efforts to look beyond fossil fuels.

The largest Rockefeller family shareholder to co-sponsor item 5 is Laura Thorn, who owns 181,119 shares, according to documents released by Exxon Mobil.

On Wednesday, a long list of institutional investors -- many of whom supported the measure in the past -- added their names to this year's cause: California State Treasurer Bill Lockyer, who serves on the board at giant pension funds CalPERS and CalSTRS; New York City Comptroller William C. Thompson Jr.; and Ceres President Mindy S. Lubber.

Earlier this week, institutional investors from the United Kingdom, where far more companies separate the chairman and chief executive roles, also voiced support, including the U.K.'s third-largest pension fund, Universities Superannuation Scheme, as well as Railpen Investments.

F&C Asset Management, Co-operative Insurance Society, Morley Fund Management and West Midlands Pension Fund issued a joint statement in favor of item 5 as well this week.

In the United States, proxy-advisory firms RiskMetrics and Glass Lewis also expressed support for the measure.

Even if it gets a majority this year, the measure would require approval from Exxon's board of directors, which staunchly opposes the move.

Still, the resolution could help sway public opinion and maybe alter the thinking of the board, proponents said.

For Monks, founder of Institutional Shareholder Services and one of the founding trustees of the Federal Employees' Retirement System (appointed by President Ronald Reagan), the resolution will send a powerful message about corporate accountability to shareholders -- especially if the board refuses to OK the measure if it gains a majority vote.

"Although the people who run companies are accountable to the shareholders in theory, in a practical manner they are not," he said in an interview with MarketWatch. "There are fewer rules to assure accountability to shareholders in the United States. If we get a majority [at Exxon Mobil] and nothing happens, then we say what gives? If we're told the directors represent the shareholders and they don't, then what gives?"

S&P firms resist separating roles

As the largest company in the S&P 500 Index (SPX), Exxon Mobil isn't alone in resisting corporate-governance advocates who want to split the chairman and chief executive jobs to strengthen the voice of shareholders.

The chief executive currently holds the chairman job at 307, or 62% of a survey of 494 of the 500 S&P 500 companies, according to the Corporate Library. At an additional 78 companies, the chairman is the former chief. At 27 of the firms, the chairman comes from the ranks of executive management. Only 82 have named an independent director as chairman.

Among European firms, the separation of the two jobs is far more common, including at Exxon rivals Royal Dutch Shell (RDSA) and BP PLC (BP).

Exxon Mobil's management also has a reputation for not getting pushed around. In the famous 1989 Exxon Valdez oil spill, for example, the company has fought an appeal for the past 14 years on $2.5 billion in punitive damages all the way to the U.S. Supreme Court. The dollar figure at stake represents less than 6% of its profit from last year alone. A decision on the issue could be coming from the high court sometime next month.

Moreover, when Venezuela moved to take control of oil fields operated by several foreign companies, most of them agreed to new terms to allow their petroleum operations to continue. Yet Exxon Mobil pulled out of Venezuela and moved to seize $12 billion in the country's overseas assets as compensation.

While BP, Royal Dutch Shell, ConocoPhillips (COP) and others have increased investments in biofuels as well as energy generation from solar and wind power, Exxon Mobil has yet to waver significantly from its focus on fossil fuel, which it maintains will supply the overwhelming majority of the world's energy needs for at least the next 20 years.

However, the company has signaled some flexibility on global warming in recent years. "Exxon Mobil recognizes that rising greenhouse-gas emissions pose a risk to society and ecosystems," it said in its annual report.

For example, Exxon donated $100 million to Stanford University in Palo Alto as a founding sponsor of the Global Climate and Energy Project. The oil giant also said that it reduced its own greenhouse-gas emissions by about 5 million metric tons in 2007, and has said that it's researching the practice of burying carbon dioxide underground to reduce emissions.

Further, Exxon Mobil has developed film technologies for lithium-ion batteries and plans to market an on-vehicle hydrogen production system in a fuel-cell- powered forklift.

At the same time, the company spent $28 billion to buy back its own stock in 2007. Shareholders maintain that Exxon Mobil could easily afford to spend more on alternative energy.

Neva Rockefeller Goodwin, the vice chairwoman of the Rockefeller Brothers Fund, has said that she supports a separate shareholder resolution calling for a task force to examine global climate change and the possible role of Exxon as a leader in developing sustainable-energy technologies.

Dow Jones Newswires