Tag Archives: september

You’re No Dummy. Don’t Let Big Oil Treat You Like One

by Posted on September 9, 2013

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You’re No Dummy. Don’t Let Big Oil Treat You Like One

Posted 9 September 2013 in

National

In the face of the oil industry’s continued assault on America’s renewable fuel, Growth Energy has launched a new campaign that takes on their misleading claims and half-truths.

Want to learn more? Start by watching Growth’s new video, Big Oil Presents Mr. Slick and Dummy:

We know You’re No Dummy, so head over to yourenodummy.com and get the facts the oil companies don’t want you to know.

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You’re No Dummy. Don’t Let Big Oil Treat You Like One

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Is McDonald’s to blame for last year’s chicken wing shortage?

by Posted on August 30, 2013

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Is McDonald’s to blame for last year’s chicken wing shortage?

Posted 30 August 2013 in

National

From The Week:

Last winter, the National Chicken Council sparked a rumor that Super Bowl fans could face a national chicken wing shortage, after prices for the snack reached record highs. And while analysts at the time were quick to blame gluttonous football fans, it looks like McDonald’s may have played a part in the scare.

In a statement in January, the trade group predicted that fans would eat 1 percent fewer chicken wings than they did in 2012, and attributed the drop to widespread droughts in 2012, as well as the Renewable Fuel Standard, a federal program that demands a portion of the U.S.’s corn crop be converted into ethanol. Those factors led corn prices to spike, said the group, which in turn led to higher chicken food prices, which in turn led to fewer chickens.

But as Matt Yglesias of Slate pointed out at the time, demand for chicken wings appeared to be increasing dramatically:

So where was all that demand coming from? Enter McDonald’s, which this week announced plans to reintroduce its bone-in Mighty Wings at its 14,100 U.S. locations — a roll-out set to take place September 9 through September 24.

To prepare for the tsunami of chicken wings, McDonald’s has probably been stockpiling them for 18 months, analyst Nick Setyan told Vanessa Wong at Bloomberg Businessweek.

Read the full story here.

 

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Is McDonald’s to blame for last year’s chicken wing shortage?

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New-old disaster aid may be coming for troubled farmers

by 7GrittonMaine146 Posted on February 6, 2013

New-old disaster aid may be coming for troubled farmers

By Susie Cagle

Last year, American farmers saw the worst drought in more than half a century. At the same time, some disaster aid programs went unfunded. Why? Blame the expired Farm Bill, of course.

Crop insurance and emergency disaster loans are still available to farmers and ranchers, but other relief programs designed to help during times of drought and other disasters saw their funding end more than a year ago.

But now Congress is considering a bill to reinstate that aid “until” a new farm bill happens. (Hahaha [weep].) From the Governing blog:

Sen. Max Baucus (D-Mont.) is sponsoring legislation that would retroactively restore those disaster relief programs for 2012 fiscal year as well as the rest of the 2013 fiscal year while Congress works on creating another long-term farm bill.

“These livestock disaster programs expired in September 2011, leaving our livestock producers with no safety net,” Baucus said in introducing his bill. “For over a year and a half, through one of the worst droughts in recent memory, our producers have been left to fend for themselves.”

In addition to helping to pay for dead livestock, the legislation also provides disaster relief for things like destroyed orchard trees and vines, and it helps cover losses not covered by crop insurance.

There are five disaster programs — all created in the 2008 farm bill — that are among the 37 programs that are missing out on funding. Because Congress hasn’t re-authorized them, losses due to disasters that occurred after September 2011 aren’t covered

This is good news for troubled U.S. farmers, but not the greatest for the Farm Bill in total, which looks to be going nowhere fast. Could we get some disaster relief for that, too?

Susie Cagle writes and draws news for Grist. She also writes and draws tweets for

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New-old disaster aid may be coming for troubled farmers

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Congratulations to ExxonMobil, the new largest company in the world

by f45 Posted on January 25, 2013

Congratulations to ExxonMobil, the new largest company in the world

By Philip Bump

Congratulations to our friends at ExxonMobil, once again the largest company in the world. I think we can all agree that this is a deserved promotion, given how much more ExxonMobil brings to our lives than does Apple. How much more good ExxonMobil does for the planet. Capitalism, guys: It works.

Reuters explains what happened:

Exxon Mobil briefly overtook Apple as the largest U.S. publicly traded company by market value on Friday as shares of the technology giant continued to fall.

Apple shares traded down 2 percent on the day at $441.31, down from a high above $700 set in September, for a market value of roughly $416 billion. Exxon shares, flat on the day at $91.33, added to a market value of about $416.5 billion.

Apple has closed the day as the largest company by market capitalization since late January last year, when it passed Exxon.

Or, in English: A publicly traded company’s market cap is its value calculated by multiplying its share price by the number of public shares it offers. As of a second ago, here’s what that looked like for each company.

Google

Google

ExxonMobil’s public shares were worth a combined $417 billion; Apple’s, $415 billion. 417 is bigger than 415, so: news stories.

All of this could reverse by the time markets close. Apple is down eight points in trading today; the company could recover that value. It’s real money, but an effervescent, artificial marker. And it’s a reflection far more of Apple’s fortunes than of ExxonMobil’s. (Mashable explains why.)

It is nonetheless discouraging that the company waiting in the wings behind Apple is ExxonMobil. Stock markets are often an indicator of expected economic growth; one buys a stock with the hope that its value will increase over time. Meaning that investors in 2013 see a fossil fuel company as one of the best long-term bets, throwing more money at it than any other company in the world.

Sad thing is: They’re probably right.

Philip Bump writes about the news for Gristmill. He also uses Twitter a whole lot.

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Congratulations to ExxonMobil, the new largest company in the world

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