BUT COUNTY'S GUARANTEE DEBT FOR BAXTER SO THEY CAN MAKE MORE MONEY
Baxter Pharmaceuticals is a global company making billions
of dollars a year, yet they are in collusion with State and Local governments
to take money from local taxpayers that should be used to support the needs of
the people in the counties.
Latest Baxter report: fourth-quarter earnings
highlighted steady sales growth and increased profits despite a large one-time
expense. In the latest quarter, Baxter
reported net income of $494 million, or 89 cents per diluted share, up 7
percent from $463 million, or 82 cents per diluted share, in the year-ago period.
The company’s bottom line was hurt by $206 million in special items related to
layoffs and pension obligations. Excluding these charges, Baxter’s earnings
would have been $700 million for the fourth quarter, or $1.26 per share,
matching the estimates of analysts surveyed by Yahoo Finance.
For all of 2012
Baxter posted a profit of $2.33 billion or $4.18 per diluted share,
a 4.6 percent increase from $2.22 billion or $3.88 per share, in 2011.
Sales for the
year rose to $14.19 billion, a 2.1 percent increase from $13.89
billion in 2011.
Does Baxter need State and Local Money?
After the deal had been struck and the State gave away
millions and the four counties agreed to $100M or more in tax and other
incentives, Baxter was busy in November 2012 buying another company to make
themselves richer.
Baxter
International Said to Be in Talks to Buy Gambro for $4 Billion ...
Nov 23, 2012 – Baxter International is in talks to buy Gambro of
Sweden for about $4 billion, potentially adding more dialysis products to its
lineup, people ...
A takeover of Gambro would be Baxter’s biggest deal
ever. The medical products maker is no stranger to acquisitions, having struck eight in the last two years,
according to Standard & Poor’s Capital IQ.
Baxter
has plenty of firepower to buy Gambro; it reported $13.9 billion in sales and
$2.2 billion in profit last year, and had $3.2 billion in cash as of Sept.
30.
Will Baxter be a good neighbor?
· CalOSHA Fined
Baxter Healthcare For Safety Violations
July 22, 2011. Cal/OSHA issued 11 citations totaling
$371,250 to Baxter Healthcare Corporation dba Baxter Bioscience recently for
deliberate and willful workplace safety violations which resulted in the death
of one of their technicians and serious injury of two others.
· Baxter
Fined $4.3 million for Attempt to Stifle Competition in ...
Baxter Healthcare Ltd., the Australian unit
of Baxter
International Inc., must pay A$4.9 million ($4.3 million) in fines for
misusing its market power in the sale of fluids used by kidney patients, a
court ruled.
Jasper County has decaying
roads because there is no money. The
county has high taxes and Baxter pays nothing for several years while making
billions. The school has State money cut
year after year, but the State has millions to give away. We are told we will have jobs and growth if we
spend just a little bit more, and a little bit more, and .....
Why are the banks,
developers, lawyers and real estate agents more important than the people
paying the taxes? Priorities are put on
these special favors and come on the backs of hard working people that are
barely making it. People in
Jasper County will be looking for jobs at the new Baxter plant (good luck with that) while our economic development authority director continues to make himself more important with positions on committees and more titles in his quest to help Baxter in another county.
Never ask common sense
questions and always agree to back millions in debt while forgiving taxes to
lure investment and enriching lawyers and developers. It’s the Jasper County Way.
Carl Pennamon has started his 29th year on the board of Commissioners of Jasper County. He is the only Democrat with four so called Republicans on the board; nevertheless, he was elected Chairman of the Commission for his supposed expertise.