| Economist Louis Winnick dies at 85
MANHASSET, N.Y. | Louis Winnick, an economist who helped guide the investments of the Ford Foundation and promoted low-income home ownership, has died. He was 85.Winnick died Saturday at a hospice in Manhasset, on Long Island. The cause of death was mesothelioma, a type of lung cancer that his daughter Pamela Winnick attributed to exposure to asbestos when he worked in the Brooklyn Navy Yard during World War II. Winnick was born in Romania and came to Brooklyn when he was 1. He graduated from Brooklyn College and earned a graduate degree in economics at Columbia University.He worked for the New York City Planning Commission and the Housing and Redevelopment Board before joining the Ford Foundation in 1962. He served as deputy vice president in the national affairs division from 1968 to 1986.Winnick played a major role in the foundation's effort to channel resources into housing, community renewal and minority enterprise following the turbulence of the late 1960s.He was credited with steering the foundation toward making low-interest loans and equity investments in low-income urban areas.
Alfacell Corporation Announces Common Stock and Warrant Offering ...
BLOOMFIELD, N.J., July 20 /PRNewswire-FirstCall/ -- Alfacell Corporation (Nasdaq: ACEL - News) announced today that the Company has closed a private equity placement led by ProMed Management, Inc. and several other select institutional and individual investors to purchase 6,457,172 shares of its common stock at a price of $1.75 per share. Additionally, the Company issued to the investors two sets of Warrants as set forth and described below: The offering provided gross proceeds of approximately $11.3 million to Alfacell before deducting certain fees and expenses. The proceeds of the financing will be used for general corporate purposes and, most importantly, to support the Company's three-year strategic plan. Concurrent with the purchase agreement with the investors in the financing, the Company agreed to amend currently outstanding warrants to purchase 1,374,585 shares held by certain investors in the financing.
Cambridge Antibody Technology Announces Acquisition of Oncology ...
CAMBRIDGE, England, July 27 /PRNewswire/ -- Cambridge Antibody Technology (CAT) announces the acquisition of product candidate SS1P (renamed CAT-5001) from Enzon Pharmaceuticals, Inc., based in Bridgewater, New Jersey in May 2006. The safety profile of CAT-5001 has been characterised in two Phase I clinical trials in patients with mesothelioma, ovarian and pancreatic cancer. CAT intends to conduct further pre-clinical studies and to initiate a clinical study in early 2007 exploring dosing of CAT-5001 in combination with cytotoxic chemotherapy. CAT-5001 was discovered and initially developed by the National Cancer Institute (NCI), which is part of the US National Institutes of Health (NIH). The programme was licensed to Enzon and that licence has now been assigned to CAT. Under the original licence agreement with the NIH, CAT will have rights to a portfolio of intellectual property associated with the programmes and will pay future royalties to NIH.
Despite dangers, a few factories in the North are open
Yona Fertouk, the head of the Histadrut labor union in Upper Galilee, is caught between a rock and a hard place. According to Home Command instructions, everyone living in confrontation line communities must stay in their shelters and safe rooms except for workers in factories and services considered vital to the war effort or those receiving special permission to keep operating. Fertouk is responsible for all workers belonging to the Histadrut in his area, which includes Kiryat Shmona, Hatzor and Safed. On one hand, he is responsible for their safety and well-being. On the other, he is responsible for making sure they have jobs. "What am I supposed to do in this situation?" he asked. "Should I take into account that the factory has to stay afloat so that the workers will have jobs after the fighting is over, or should I think only about the threat to lives now when they go to work? Where do I find the right balance?" All in all, Fertouk has taken a cautious approach.
Oregonian files asbestos suit in Madison County
An Oregon woman suffering from mesothelioma filed an asbestos suit against 63 defendants in Madison County Circuit Court July 18, alleging she was exposed to airborne asbestos fibers from family members' clothing.
Dolores Ernst claims her former husband, Robert Ernst, was employed from 1955 to 1971 as a salesman at various locations and her mother was employed as a factory worker at various locations including Chicago.
She also claims her aunt was employed as a factory worker at various locations including Chicago.
She alleges that her family members worked with and around asbestos-containing products.
"Dust created by working with and around asbestos and asbestos-containing products would permeate the person and clothing of the plaintiff's family members," the complaint states.
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