Archive for the ‘Business’ Category
The Food and Drug Administration said Wednesday that it was beginning to phase out the use of some critical antibiotics in animals raised for meat, a major policy shift that could have far-reaching implications for industrial farming and human health.
The change, which will take effect over the next three years, is the first serious attempt by the federal government to curb the broad use of antibiotics in farm animals in decades. Pressure for action has mounted as the effectiveness of drugs important for human health has declined, and deaths from bugs resistant to antibiotics have soared. Food producers said they will abide by the new rules, but some public health advocates voiced concerns that loopholes could render the new policy toothless…
The agency has changed the rules so that food animal producers would no longer be able to use antibiotics to make animals grow faster. It will accomplish that by asking manufacturers of the drugs to change the labels in a way that would make it illegal for farmers to use the medicines for growth promotion.
The changes, which were originally proposed in 2012, are voluntary for drug companies. But F.D.A. officials said they believed the companies would comply, based on discussions during the public comment period. The two drug makers that represent a majority of such drug products have already stated their intent to participate…
Additionally, the agency is requiring that licensed veterinarians supervise the use of antibiotics, effectively requiring farmers and ranchers to obtain prescriptions in order to be able to use the drugs for their animals.
Consumer health advocates say it is an open question whether the new rules will change how much antibiotics are consumed by animals. They say that a loophole will allow animal producers to keep using the same low doses of antibiotics, by arguing that they were needed to keep animals from getting sick, and thereby avoiding the new ban on use for growth promotion…
A more meaningful move, Dr. Keeve Nachman said, would be to ban the use of antibiotics for the prevention of disease, a step the F.D.A. so far has not taken. That would limit antibiotic uses to treatment of sickness that was diagnosed by a veterinarian, a much narrower category, he said.
RTFA for a few more details. This should get rolling in the beginning of 2014 and we’ll see which Pharmas obey which regulations. Same goes for the agribusiness giants who consider consumers a fraction of a step more important than the commodity animals they slaughter.
Uruguay became the first country to legalize the growing, sale and smoking of marijuana on Tuesday, a pioneering social experiment that will be closely watched by other nations debating drug liberalization.
A government-sponsored bill approved by 16-13 votes in the Senate provides for regulation of the cultivation, distribution and consumption of marijuana and is aimed at wresting the business from criminals in the small South American nation…
Cannabis consumers will be able to buy a maximum of 40 grams each month from licensed pharmacies as long as they are Uruguayan residents over the age of 18 and registered on a government database that will monitor their monthly purchases.
When the law is implemented in 120 days, Uruguayans will be able to grow six marijuana plants in their homes a year, or as much as 480 grams and form smoking clubs of 15 to 45 members that can grow up to 99 plants per year.
Registered drug users should be able to start buying marijuana over the counter from licensed pharmacies in April…
Uruguay’s attempt to quell drug trafficking is being followed closely in Latin America where the legalization of some narcotics is being increasingly seen by regional leaders as a possible way to end the violence spawned by the cocaine trade.
Rich countries debating legalization of pot are also watching the bill, which philanthropist George Soros has supported as an “experiment” that could provide an alternative to the failed U.S.-led policies of the long “war on drugs…”
Other countries have decriminalized marijuana possession and the Netherlands allows its sale in coffee shops, but Uruguay will be the first nation to legalize the whole chain from growing the plant to buying and selling its leaves.
RTFA. All the pros and cons are trotted by – though, regular readers will know my only problem would be figuring out a decent muffin recipe if I wished to partake. I don’t smoke anything.
I don’t doubt American politicians will be watching and listening – and ignoring positive results as thoroughly as many have, for example, ignored a national non-profit health service. Our politicians are so accustomed to pimping for unproductive useless profiteers like insurance companies, it’s not likely many would learn anything about revoking the sillyass War on Drugs.
Eight Northeastern and mid-Atlantic governors on Monday petitioned the U.S. Environmental Protection Agency to require “upwind” states in the Midwest and South to curb ozone-forming pollution from their power plants, which they say travels downwind and poses health risks to their citizens.
They want the EPA to force nine states – Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, Tennessee, Virginia and West Virginia – to regulate the emissions that cross into their borders through prevailing winds and contribute to higher ozone levels to the north and east of the upwind states.
The move comes just ahead of a closely watched Supreme Court review of an earlier appeals court rejection of the EPA’s Cross-State Air Pollution Rule.
The governors, led by Delaware governor Jack Markell, said the upwind states had failed for decades to install the technology needed to contain emissions of organic compounds and nitrogen oxides which cause asthma and other respiratory diseases and contribute to as much as 98 percent of the ozone air pollution problems in their own states.
The petition asks the EPA to require the upwind states to join them in an “Ozone Transport Region,” which under the federal Clean Air Act would force actions to limit air pollution consistent with the efforts of the “downwind” states…
Besides Delaware the states petitioning for the controls are Connecticut, Maryland, Massachusetts, New Hampshire, New York, Rhode Island and Vermont…
In a case being closely monitored by environmentalists and energy companies, the Supreme Court on Tuesday will consider the EPA rule that would have set limits on pollution from coal-fired power plants in 28 states, generally referred to as “upwind states,” that directly affect air quality in other states…
Vickie Patton, general counsel for environmental group Environmental Defense Fund, said it is also in the interest of the upwind states to install pollution controls…”Cleaning up this harmful power plant pollution will mean healthier, longer lives for children, families and communities across the Midwest and the millions of people afflicted in downwind states,” she said.
What is it with creeps who dedicate their lives to profiteering from power generation? I’ve been involved in struggles against these scumbags over half my life. Take it all the way back to acid rain.
The only thing that matters in their contemptible lives is profit-and-loss statements with all the emphasis on that first word. They couldn’t care less about families and individuals in their own state much less someone next door or downwind. They should be required to live in a guard shack immediately downwind of one of their crud-belching coal-fired power plants. A shorter lifespan might change their style.
A floating vessel that is longer than the Empire State Building is high has taken to the water for the first time.
The hull of Shell’s Prelude was floated in South Korea.
When fully built, Prelude will be the largest floating facility ever created, weighing more than 600,000 tonnes.
It would be used to help in the production of natural gas from 2017, Shell said, and would operate for 25 years off Australia’s north-west coast.
The area has a yearly cyclone season from November to April, but Prelude has been designed to withstand such conditions. It is hoped the facility will be able to produce enough gas to power a city the size of Hong Kong.
I do not miss working in shipyards. Even when you get to work on the construction of something this impressive, it’s still mostly grunt work, plumbing and welding. Oil field work that floats.
OTOH, the engineering requirements of a structure this massive impresses. Even if it wasn’t designed to float and survive severe weather it would be a beastie.
China’s yuan currency overtook the euro in October, becoming the second-most used currency in trade finance, global transaction services organization SWIFT said on Tuesday.
The market share of yuan usage in trade finance, or Letters of Credit and Collection, grew to 8.66 percent in October 2013. That improved from 1.89 percent in January 2012.
The yuan, also known as the renminbi, now ranks behind the U.S. dollar, which remains the leading currency with a share of 81.08 percent…
Yup. A long way to go to be competitive. Though, anyone who thinks the RMB will fall by the wayside anytime soon – is deluded.
The top five countries using the yuan for trade finance in October were China, Hong Kong, Singapore, Germany and Australia, SWIFT said in a statement.
“The RMB is clearly a top currency for trade finance globally and even more so in Asia,” Franck de Praetere, SWIFT’s Asia Pacific head of payments and trade markets said…
The world’s second-largest economy is accelerating the pace of financial reform to promote its currency to international players beyond Hong Kong. China aims to lift the yuan’s global clout and reduce its reliance on the U.S. dollar.
Even though the dimwits in Congress still run their trick bag on the American public about Chinese currency being manipulated as cheap – to steal business – they know nothing about ForEx or global biz. It’s been a few years since the PBOC stopped pegging the RMB to the US dollar and it’s only gone in one direction since. Up, up. About a third of a percent, yesterday.
The Western moneyboys are jostling each other in the peloton to get to the front on converting yuan to euros and dollars – and vice versa. The Swiss and the Brits mostly in the lead. This month.
Shoppers are pictured inside an Apple store on 5th Ave during Black Friday Sales in New York November 29, 2013. Black Friday, the day following Thanksgiving Day holiday, has traditionally been the busiest shopping day in the United States.
Yes, the store was closed on Thanksgiving Day.
The findings are in.
Over 2,600 people responded to Business Insider’s survey on financial TV, and question after question Bloomberg TV beat out CNBC and Fox Business News as the preferred channel among those polled.
It’s a fierce debate in financial circles. CNBC has consistently claimed the top spot, but Bloomberg TV isn’t tracked by Nielsen, the ratings pollster, so the true favorite among financial professionals and business news consumers has been unclear.
Respondents answered questions about everything from their favorite anchors, to Maria Bartiromo’s recent move to Fox Business News. They gave their opinion on which network has the best tech coverage and their favorite morning show…
But there was one crucial question that sums up the entire network battle. Bloomberg TV and CNBC are in a dead heat over who has the best guests.
If Bloomberg TV edged ahead in that department, who knows what would happen.
Even when the same guests appear on both Bloomberg TV and CNBC there’s no question where I would be watching. The politics, sociology, economics understanding and just plain old-fashioned humanity that manages to thread through the market blather puts Bloomberg lightyears ahead of the let’s-pretend-to-tolerate-working-people ethos of the competition.
I got stuck into watching Bloomberg TV behind the dearth of real news reporting from the news-as-entertainment crowd that dominates American television. There’s a bit more than that involved; but, only a sidebar to the point of this Business Insider article. You have to understand that economics grounds everything.
CNBC is dominated by ethically shriveled reactionaries like Kudlow – who provided the acronym RINO to denigrate traditional Republicans with the rise of neocon schmucks like Cheney, Bush and Wolfowitz. Fox isn’t worth recognizing as anything more than a precursor to fascism. I removed both from my DirecTV Guide.
I’ve now added AlJazeera America and the new CCTVN. We have real global news sources back again. But, the article and discussion is about financial news channels – and the fact that Bloomberg does a decent job at the broader task is simply an added benefit.
Thanks to my favorite Recovering Republican for pointing out this article.
Click to enlarge — The Palm Beach Post/Rachel Mummey
Though lots of folks make a big deal pro and con over Gray Thursday getting out in front of Black Friday for Shopmas goodies – I think the greatest motivation for retailers to bump their marketing ahead is that the whole shopping season is about a week shy of most years. They’re trying to make up for the short time producing a shortfall in projected sales.
Let’s hear it for a consumer-based economy, eh?
U.S. celebrity chef and television personality Mario Batali told Details magazine he recently ordered 200 pairs of his favorite orange Crocs shoes.
Asked how many pairs he owns, the co-host of “The Chew” replied: “Probably 30. I just ordered 200 more because they’re about to take orange out of the field. They made a special run for me before they retired the color.”
“They’re gonna stop the Mario Batali orange!” he added. “It’s preposterous! But they’re doing pretty well without me. Nothing lasts forever, baby.”
Mario should know better. Remember when Creuset said they were going to eliminate Orange Flame from the color choices for Le Creuset enameled cast iron cookware a decade or so ago?
Get pissed off. Let folks know what you like to buy – or not buy. We stopped them dead in their tracks. You’ll still find Le Creuset offered by cooking suppliers. In Orange Flame.
I’ve had my original basic set since 1963. Orange Flame, baby.