if you're going to use the f.d.a. as an analogy what the f.d.a. symbolizes to me is the controlled experiment that's what they brought in and if you're just talking about pre-approval well pre-approval is it's a whole different story and not my simple point is the controlled experiments don't apply in financial products you experiment into one set of circumstances and you say gee when we try to sample of subprime mortgages in two thousand and three it worked really well so we should have proved that you don't realize that that speak that they worked because house prices were appreciating and they don't work in a different environment where you could say that portfolio insurance in the middle of one nine hundred eighty s. works fine when a small group of people are using a proposal line jump in go ahead. but that's just now where we're advocating in the proposal we're advocating the use of economic data and not based on prior prior experimental trials but based on projections of demands for products in the same way that antitrust authorities use to

want to do and how does that destroy jobs. >> what the f.d.a. is doing, they want to regulate all tobacco and unintended consequences. you have, for example, here, this is a plus. it's called a cigar and right now the definition of a cigar is very, very broad, includes products like this, a tobacco leaf that comes in a mass tube like this and unwrap it, guess what you fill it with, marijuana. >> and kids call it blunt. >> and unfortunately we've fallen into the same category because the definition is broad. what we've done is introduce legislation what the definition is cigar is. x amount of pounds per thousand and we have right now 164 sponsors in the the house sporting this legislation and giving the cigars exemption from the f.d.a. regulation. >> this is why i say the capitalists are the worst enemies of capitalism. here is a guy that says it's okay to regulate the other guys, but we premium guys should have an exempt. >> we're all for regulation of everything. we're done pointing out that we happen to be falling as the unintended consequence

f.d.a. inspections in the past. thank you for taking the call. guest: thanks so much for your question. the meat is treated with a mixture of amobea -- ammonia and water. when we think of ammonia we think of the cleaning ingredient, but in fact this isn't -- this is a different product. it's not what you have in your home cabinet for cleaning purposes. but the bottom line is that treatment doesn't really result in a residue, has any significant concern for consumers. our meat -- our food can be treated with a number of different additives, and this ammonia water wash has been treated simply as a cleaning tool for the industry. they sometimes apply lack particular -- lactic acid to meat which also is the liquid you find in yogurt when you open a container. these kinds of products and cleaning agents can actually reduce the levels of harmful bacteria in the meat. your second question had to do with whether b.p.i. was exempted from -- and i think he said f.d.a. inspection. i'm not familiar with

when the f.d.a.uired the cigarette manufacturers to post a label saying the surgeon general has determined that smoking is dangerous to your health and that of your children, that is a truthful same, it is dangerous to your help and the surgeon general has made that determination but when the f.d.a. decided to put pictures of autopsies on cigarette packages there is no conclusion that smoking automatically leads to death and to an autopsy. , the court said the f.d.a. cannot get away with it because it is interfering with the otherwise free speech right of the cigarette manufacturers. a major set back for the government. >>shepard: i have never understood from the beginning as far as i know cigarettes are the only product which when use as directed killed. why, i am not saying they should make them illegal, why ... i don't understand it. >>judge napolitano: a simple reason why the government will not make them illegal: money. they collect state and federal $50 billion a year in taxes on the purchase o

. >> reporter: not according to the f.d.a.. >> ...then you need to go to these clinics. >> reporter: now it's the clinics' fault? it's not your fault for bringing in through your company into the united states avastin that turned out to be fake? >> these clinics, they purchase this product, and we're not in the u.s., so i'm not sure what the u.s. laws are. they would have to-- they would have to make sure what they're doing-- >> reporter: you're not sure of what the u.s. laws are regarding the use of avastin, a cancer- fighting drug, a life-saving drug in the united states? >> i'm telling you that we, my wholesaler in the united kingdom, i clearly-- >> reporter: it's your company, tom. >> i know, and i know what the laws are in the u.k., but you'd have to ask those clinics. >> reporter: so you don't know, though, really, whether that product, which turned out to be fake, was made in someone's bath tub in egypt or turkey? >> i'm not going to speculate, but i know for a fact that my business followed protocol. they purchased thi

get past this phase after all that the drug companies have to file another approval request of the f.d.a. which then my conduct its own investigations or as the drug companies to run more tests overall this process takes between eight and twelve years and then maybe a new drug is approved to be sold to americans. but our wall street it's different on wall street bankers can create can call it with a new c.d.o. or credit default swap or some other crazy derivative and immediately start pushing it on their customers whether it's good for you or for greece or for spain and then there's not one study done or one testing phase performed to determine just how risky this new financial product is not only to investors but to an entire nation's economy as a whole it takes at least eight years eight long years for a new cancer drug to be approved but there's not even a process anymore since the reagan bush the regulation for a new derivative to be approved some banks are dreams it up and the next day it's on the market so why do we have so much trust in wall street bankers to do this especially no

effects of it it takes about two years and if all goes well the drug companies have to apply to the f.d.a. to begin the next phase which includes testing the new drug on healthy volunteers to determine just how safe it is and what the correct dosage is should be i takes another year roughly seventy percent of all new drugs make it past the space on thirty percent or you know fall through can do it after that they move on to evaluating the effectiveness of the drug and determine its side effects that's done by testing patients who need the drug this takes another two years and only a third of all new drugs make it past this phase then in the final phase which takes another two years the drug is tested on a larger group of patients to verify the effectiveness and watch out for any adverse consequences of long term use of the drug only twenty seven percent of new drugs and get past this phase after all that the drug companies have to file another approval request with the f.d.a. which then my conduct its own investigations or as the drug companies to run more tests overall this process takes

and the number by the f.d.a. is down by almost two-thirds and new medical devices down by 40%.the discussion over health insurance, the reality once they go to the doctor, to talk about the lump or the pain is being ignored frankly by both parties. >> jon: there's more news watch ahead. if you see something that you feel is media bias, e-mail us at newswatch@foxnews.com. a new political shake-up. >> i think he hit a reset button for the fall campaign kind of like an etch an asketch, shake it up and start over again. >> and touting with claims of flip-flopping on key conservative issues, his campaign gets clobbered when compared to an etch-a-sketch and the media shakes buying this juicer online was unbelievable. what a bargain! [ female announcer ] sometimes a good deal turns out to be not such a good deal. but new bounty gives you value you can see. in this lab demo, one sheet of new bounty leaves this surface cleaner than two sheets of the leading ordinary brand. so you can clean this mess with half as many sheets. bounty has trap and lock technology to soak up big spills and

and the number by the f.d.a. is down by almost two-thirds and new medical devices down by 40%.n the middle of the discussion over health insurance, the reality once they go to the doctor, to talk about the lump or the pain is being ignored frankly by both parties. >> jon: there's more news watch ahead. if you see something that you feel is media bias, e-mail us at newswatch@foxnews.com. a new political shake-up. >> i think he hit a reset button for the fall campaign kind of like an etch an asketch, shake it up and start over again. >> and touting with claims of flip-flopping on key conservative issues, his campaign gets clobbered when compared to an etch-a-sketch and the media shakes things up. details next on news watch. puts you at 5 times greater risk of stroke. don't wait. go to afibstroke.com for a free discussion guide to help you talk to your doctor about reducing your risk. that's afibstroke.com. and hello to "whoa, yum." use campbell's cream of chicken soup to make easy enchiladas, cheesy chicken & rice, and other chicken dishes that are oh...so...whoa. campbell's. it'

studies in rodents found exposure can harm the brain and reproductive organs, but the f.d.a.cluded today there's no proof of that in humans. becoming a mother is tougher tan it used to it used to be. a government report said today giving birth takes about two and a half hours longer now than it did 50 years ago. cesarean deliveries are up 400%. one factor seems to be that new mothers today are four years older than moms of the 1960s. the the chances of getting into an ivy league school are getting tougher. today harvard accepted less than 6% of its pool of applicants. at yale it was 6.8% and at princeton 7.8%. we know one teenager who isn't worrying about getting into college. he's already fusing atoms. "on the road" is next. [ male announcer ] if you think tylenol is the pain reliever orthopedic doctors recommend most for arthritis pain, think again. and take aleve. it's the one doctors recommend most for arthritis pain. two pills can last all day. ♪ do about medicare and social security... security. that's what matters to me... me? i've been paying in all these years... yea

it really caught our attention last month when the f.d.a. a warning about vials of a popular cancer drug that turned out to be fakes. the vials, labeled avastin, contained a liquid that was worthless. we wondered who would sell a fake drug to cancer patients and where the counterfeit vials came from. so we asked armen keteyian to follow the trail. >> reporter: avastin is a lifeline in the fight against cancer. five million vials were sold in the u.s. last year. dr. james fire heads the n.y.u. langone cancer center. >> we use avastin in conversation with other chemotherapies and then some cancers in some of these colon, lung and renal cancers it changes the race of response and may change survival. >> reporter: the only avastin approved by the food and drug administration for use in the united states is manufactured in the united states by genentech. as many as 19 medical practices in the u.s. purchase this avastin that turned out to be from outside this country and contained no active ingredients. some vials had little more than salt and sta

the f.d.a. putting new warnings on staten medication. >> baltimore fell in love with the stash this winter. could a tax benefit be in the works for keeping those whiske rs? i think i would grow one if i got a tax deduction. >> ok. >> ok. "11 news sunday morning" is just ♪ stream, stream, stream... ♪ strea-ea-ea-ea-eam ♪ stream, stream, stream... ♪ when i want you... ♪ ...in my arms... ♪ when i want you... ♪ ...and all your charms... ♪ whenever i want you, all i have to do is... ♪ ♪ strea-ea-ea-ea-eam [ female announcer ] stream full seasons of shows and top movies instantly. introducing streampix. only from xfinity. introducing streampix. jim wilson? here is the chase freedom 5% cash back you get on amazon.com purchases. wow! and your kindle fire. thank you. do you have any bubble wrap? activate your 5% cash back at chase.com/freedom >> good morning. we start you off with a beautiful look outdoors. twinkling lights. the winds right now mostly calm. 51% humidity out there. we have showers showing

it would have radically cut back he was da inspections that would have radically cut back f.d.a. inspections of our drugs and things i mean not only might bill be gates not have become you know well educated in the society he might have died at the age of sixteen from bad food how do you get that through to people. you know i think we again i think a lot of americans do know this and they recognize this i think some of the challenges we have to make that that invisible visible you know we hope to be doing it through the book but there's a lot of people out in the country across the country really lifting up on these these these things that we all benefit from that makes them rich is all our lives and makes our life safer and the lives of our children safer and it's important and you know one of the things that we really focus on in the book and i want to i want to point out another thing because this is how we fund you know the business leaders that we profiled in this book again they have a very very honest view of their own success they recognize that their success is not entir

the f.d.a. said no. it starts with beef and ends with beef. >> don't go away. first a look at events going on around town this weekend. sflue turn left. the passat is one of nine volkswagen models named a 2012 iihs top safety pick. not that we'd ever brag about it. turn right. come on, nine. turn left. hit the brakes. huh? how'd that get there? [ male announcer ] we can't hide how proud we are to have nine 2012 iihs top safety picks. so we're celebrating with our "safety in numbers" event. that's the power of german engineering. right now lease the 2012 passat for $219 a month. >> in this culture of march madness, wbal-tv 11 news takes an up-close look at the hoops and dreams of a high school basketball team. tonight at 8:00. called "rebounding from loss" written by deborah weiner. >> leon fleming strives to be two steps ahead of his opponents. the same could be said of his own life in the brooklyn townhousing project as he keeps a close eye on his 2-year-old sister and walks her to day care. leon lives lives on the same street where marcus was killed. marcus w

wants to give a three trillion dollars tax cut to billionaires while he's cutting everything from the f.d.a. and the food inspection service and the e.p.a. and then food stamps i don't get it is this really the vision of america that you publicans want to run under and actually the wrong you're wrong i mean you're saying that us terry is crashing these economies yes it's too much government these government spent too much did these big welfare states look at the sweden has a much larger welfare state they're going to look at their debt to g.d.p. ratio greece is not doing is they're not enforcing it early tax code greece's biggest problem other than the fact that goldman sachs put them in this situation the first place fight by putting together an illegal scheme you know about this. which is what got greece in trouble would be odd that they don't tax the billionaires as it is that there's too much government in greece and the people is not so much better it's they have a huge welfare state all the way has to be under one swede. has a bigger one swing in their hands here one generally has to

the f.d.a.ake action against sup products but it's unclear when, if ever, it will. >>> president term mystery meat has a whole new meaning after consumers became aware of the filler commonly used in ground beef. what contactly -- exactly is pink slime? the term was coined by a federal microbiologist to describe the meat tendons and other beats that are treated with ammonia gas. uck. >> here's the problem. americans can't track who is getting sick because nobody knows what is in the package they are eating. >> why not label the packages? the usda says no. >>> breaking news right now out of yaurnled -- anne arundel county. -- we're at the village of marley station where police and fire crews are dealing with a car that's crashed into an apartment. we believe the victim driving the car to be injured but do not believe it to be life-threatening at this time. as soon as we get more information on this, we will update you. >>> now, your 11 insta-weather weather forecast. >> summertime temperatures mak

the f.d.a. hasn't approved it. >> or he gets into a car driven by a dog and they strop him to the roof from boston to tornado. michael vick, it's not akin to what michael vick did with dog fighting and killing dogs in the preparation of dog fighting, but the way mistreatment of dogs stick to people, this could be extraordinarily important. >> its verile callous. we still don't know what he should do when he gets in office. >> and are dogs safe. joe williams, white house politico reporter covering the white house for politico, thanks joe. >> for more hurdles the president has to overcome in the election campaign, talking about dan white. the news of the day here about unemployment insurance applications, the period ended march 10, down by $14,000, is that another indication that unemployment is less of a knife point about the president and maybe a neutral thing as time goes forward? >> i don't know if i'd go that far. it's maybe a slightly blunter knife at this point. unemployment is still guilty

however, because it is a stimulant to the central nervous system, the f.d.a. approved it in 1958 as a safe drug. that means it is a drug. so if you have a heart arrythmea, if you have blood pressure that is edging on the normal, which used to be 140/90, now it is 120/80. anything above that is high. if you are anxious or have problems with angryite, these are preexisting medical conditions. if you have those, then a stimulant would e can xacerba tefment, -- exacerbate, i say drop the cup. and so do the doctors. it is important to remember. essp refment sso has less caffeine per volume than coffee. it takes four shots to equal the caffeine in one cup of coffee. >> unless you shouldn't. >> very good. >> i'm going to go have some now. >> thank you, candace 410-960--- call candace. she may or may not answer. [laughter] . >> first a look at what's coming up on the "today" show. >> coming up, a flight attendant had to be restrained before she went on a rant. >> get out of my way! >> we'll speak to passengers, including one that helped bring her under control. >> the

f.d.a. and now an italian company says there is a special market for them in the united states of america. really? can you imagine these guys in the summer, white pants clinging too much, maybe guys could take advantage of it. >>shepard: no! >>megyn: here is "studio b" with shepard smith. >>shepard: that is not real, is it? if that happens, please shoot me. >>megyn: see you at christmastime. >>shepard: no chance. the news begins anew, on "studio b" a blow to the syrian government as officials have joined the rebellion. the bloodshed continues and now there is more talk of the u.s. military action in syria. details ahead. and government scientists telling all about the ingredients in ground beef. have you heard about this? you don't want to hear about this. it claims that meat that was only good enough for dog food is now yummy in your tummy! and it has pink stuff in it, i don't what is happening and it was supposed to be the biggest solar storm in years. solar storm! hide the children! what

working through the f.d.a. approval process is not an easy one. it requires years of hard work, tens of millions of dollars and can be tough for any company to stick it out for that long for that much money. but for a 1345u8 firm in boozman, moment, it can, especially difficult. access to capital will be the determining factor in their ability to gain f.d.a. approval. in september senator toomey and i introduced the small company capital formation act to update the regulation by increasing the total amount of capital that can be raised to $50 million while protecting new investors. currently, businesses can only raise $5 million under regulation a. a limit that has not been updated in nearly 20 years, and one many view as being too low to be a valuable tool in raising capital. the bill maintains the most attractive elements of regulation a including for issues to test the water before registering with the s.e.c. it also preserves the nonrestrictive stutt us told through a rega status so they can be resold after a initial offering. new investor pro

i'm talking about the f.d.a. four different government agencies working with the first lady on this that has more influence than someone doing a psa. >> we do a lot of research here in new york city. people do not understand the amount of sodium and the amount of sugars that are in processed food. >> how did that mike bloomberg initiative work? >> don't appreciate the fact that a little bit of exercise can go a long way. >> laura: spent millions of dollars to tell them that. >> all these diseases. the fact is. >> laura: personal responsibility. >> actually help save tens of dollars of dollars and probably help save hundreds of thousands of lives. >> it hasn't done that. >> how can would he be against having skids i have this very odd idea. i'm for freedom. i want parents to be able to raise their kids with the values they believe in. i think they do it well. >> you must be in favor of other information given to women who are making important decisions. >> about giving the freedom of information. >> laura: spendin

. >> shepard: food and drug 20 million taking cholesterol lowering statin drug dssments the f.d.a. says those who take them could be increase the memory loss and diabetes. the more than a dozen drugs. zess tore lipitor considered the best selling in all the world. they will choir drug makers to consider the potential side effects. they are also urging people don't stop because the vast majority the benefits greatly outweigh the risks. trace gallagher live in our west coast newsroom. i wonder if this is enough to make doctors avoid prescribing these statins? >> certainly shep not for those at elevated risk of heart attack and stroke because they need their medication as you said and the studies show that this medication absolutely does save lives. but you have to remember the diabetes is also a major risk factor for heart disease. and over time some doctors say the risk of getting diabetes will actually outweigh the benefits of helping heart disease. which doctor marc siegel says could give a lot of doctors pause. listen. >> when you are a physician prescribing for a patient. you ta

i'm talking about the f.d.a.r different government agencies working with the first lady on this that has more influence than someone doing a psa. >> we do a lot of research here in new york city. people do not understand the amount of sodium and the amount of sugars that are in processed food. >> how did that mike bloomberg initiative work? >> don't appreciate the fact that a little bit of exercise can go a long way. >> laura: spent millions of dollars to tell them that. >> all these diseases. the fact is. >> laura: personal responsibility. >> actually help save tens of dollars of dollars and probably help save hundreds of thousands of lives. >> it hasn't done that. >> how can would he be against having skids i have this very odd idea. i'm for freedom. i want parents to be able to raise their kids with the values they believe in. i think they do it well. >> you must be in favor of other information given to women who are making important decisions. >> about giving the freedom of information. >> laura: spending a

i'm talking about the f.d.a.government agencies working with the first lady on this that has more influence than someone doing a psa. >> we do a lot of research here in new york city. people do not understand the amount of sodium and the amount of sugars that are in processed food. >> how did that mike bloomberg initiative work? >> don't appreciate the fact that a little bit of exercise can go a long way. >> laura: spent millions of dollars to tell them that. >> all these diseases. the fact is. >> laura: personal responsibility. >> actually help save tens of dollars of dollars and probably help save hundreds of thousands of lives. >> it hasn't done that. >> how can would he be against having skids i have this very odd idea. i'm for freedom. i want parents to be able to raise their kids with the values they believe in. i think they do it well. >> you must be in favor of other information given to women who are making important decisions. >> about giving the freedom of information. >> laura: spending a lot of money

they invested in an f.d.a.-approved facility in the u.s. they need to temporarily transfer one of their executives to the united states to develop, direct and oversee local manufacturing to ensure a successful operation. an e-2 visa would facilitate this process and let similar entrepreneurs with the assurance that they will be able to monitor their investments. by passing this bill, they are close to expanding their business to our country and creating jobs for american workers. israel is a trusted friend and a special ally and this legislation expands business opportunities that will provide economic benefits for both countries. i urge my colleagues to support its passage and i ask unanimous consent that the remarks of the ranking member of the immigration subcommittee, ms. lofgren, be included in the record. the speaker pro tempore: the gentleman's request will be covered by general leave. mr. berman: and then i reserve the balance of my time. i would be happy to yield to the ranking member of the judiciary committee. the speaker pro tem

the f.d.a.nings about creams, lotions and soaps such as thesen lightening and anti-aging treatments. they're sold in the u.s. legally. seven states have reported mercury poison cases. until further notice, stop rubbing things on yourself. steve? >> if you have to. it seems voters weren't in a super mood yesterday when they went to the polls. in ohio, for instance, fox news exit polls showed only 44% of voters strongly favored the candidate they voted for while 41% had reservations about the person they voted for. to talk about this, we are joined by fox news contributor, former manager of howard dean's 2004 presidential campaign joe trippe who was there all night and katie pavlock, a news editor for town hall. good morning, both of you. >> good morning. >> people are getting tired of the process on the republican side, aren't they, katie? in fact, i saw one headline for you yesterday. call it stuper tuesday because people are exhausted. >> well, i don't know if that's actually fair to say. if yo

the f.d.a. rejecting a petition from a medical group to ban a chemical b.p.a. from food packaging over concerns there could be health risks associated with exposure to the food supplies. the f.d.a. claim leg -- claim there is not enough evidence. >> file fighters in colorado trying to contain a massive wildfire that killed two. strong gusts are expected to pick up this afternoon, so far the fire have 70 percent contained. dave? >> that is brutal. we know that the winning mega millions ticket was sold in milford mills, maryland, but if you did not when you may not be down on your luck. >>alisyn: there are a lot of legal responsibilities that come with $640 million. >>dave: we will would take those. >>alisyn: and now to give us tips on protecting ourselves ous a estate planning attorney. the first thing that everyone tells you to do is call a financial planner if you win, if you are holding a winning ticket, what would a financial planner teller? >>guest: the first piece of advice is to lock up th