Government wants farmers to quit farming … It seems that U.S. companies would follow the unprecedented action of Japan's equivalent to WalMart if they could figure out how to force farmers to quit farming their land and let the companies grow food crops exactly as they think is "sustainable agriculture." – AgProfessionalDominant Social Themes: Farmers have to work more ef...Read More
Nobel for Charles Barkley of Economics … If you could summarize Tirole's area of research in a single sentence, it would be about corporations. One might think that corporations are one of the easiest, most natural things for economists to study, but one would be wrong – in fact, many economists wonder why corporations even exist … Notice that Tirole's work on regulation...Read More
To grow cheap marijuana, Italy calls in the army – Italy legalized marijuana for medical use last year, but the high cost of buying legal pot in a pharmacy meant few people signed up. Now, the government has found a solution: get the army to grow it. Starting next year, a high-security lab in a military compound in Florence will grow cannabis for Italy's health care system in an experime...Read More
Nobel for Charles Barkley of Economics … If you could summarize Tirole's area of research in a single sentence, it would be about corporations. One might think that corporations are one of the easiest, most natural things for economists to study, but one would be wrong – in fact, many economists wonder why corporations even exist … Notice that Tirole's work on regulation...Read More
To grow cheap marijuana, Italy calls in the army – Italy legalized marijuana for medical use last year, but the high cost of buying legal pot in a pharmacy meant few people signed up. Now, the government has found a solution: get the army to grow it. Starting next year, a high-security lab in a military compound in Florence will grow cannabis for Italy's health care system in an experime...Read More
Stocks in Dubai crashed 6.5% on Sunday. This was the biggest drop in four months and brings the Dubai Financial Market General Index to its lowest level since July 20, according to Bloomberg. Dubai, which like many Middle East exchanges is open from Sunday to Thursday, led a broad sell-off in Middle East stocks, as markets in Israel, Qatar, and Saudi Arabia also sold off on Sunday. – Busines...Read More
Last year, the U.S. Department of Agriculture (USDA) and the Animal and Plant Health Inspection Service (APHIS) agencies investigated the appearance of what appeared to be GE wheat on an Oregon farm, and concluded that it was an isolated incident. The investigation was closed after 'exhausting all leads,' but new GMO wheat has been detected at the Montana State University's Southern Ag...Read More
Stocks in Dubai crashed 6.5% on Sunday. This was the biggest drop in four months and brings the Dubai Financial Market General Index to its lowest level since July 20, according to Bloomberg. Dubai, which like many Middle East exchanges is open from Sunday to Thursday, led a broad sell-off in Middle East stocks, as markets in Israel, Qatar, and Saudi Arabia also sold off on Sunday. – Busines...Read More
Last year, the U.S. Department of Agriculture (USDA) and the Animal and Plant Health Inspection Service (APHIS) agencies investigated the appearance of what appeared to be GE wheat on an Oregon farm, and concluded that it was an isolated incident. The investigation was closed after 'exhausting all leads,' but new GMO wheat has been detected at the Montana State University's Southern Ag...Read More
Google's Schmidt: Surveillance fears are going to end up breaking the Internet … Sen. Ron Wyden (D-Ore) took the opportunity to slam National Security Agency surveillance work as part of an unacceptable "digital dragnet." But the hour-long session quickly shifted from talk about the digital economy to the risks posed by government surveillance programs to human-to-human communi...Read More
Time For Civil Asset Forfeiture Laws To Meet The Same Fate As Jim Crow … One of the greatest political philosophers, Frederic Bastiat, wrote that the law should exist to protect life, liberty, and property, but unfortunately is often perverted into a means of "legal plunder." In other words, the law is used to legitimize the use of force to deprive people of their wealth. – F...Read More
Google's Schmidt: Surveillance fears are going to end up breaking the Internet … Sen. Ron Wyden (D-Ore) took the opportunity to slam National Security Agency surveillance work as part of an unacceptable "digital dragnet." But the hour-long session quickly shifted from talk about the digital economy to the risks posed by government surveillance programs to human-to-human communi...Read More
Time For Civil Asset Forfeiture Laws To Meet The Same Fate As Jim Crow … One of the greatest political philosophers, Frederic Bastiat, wrote that the law should exist to protect life, liberty, and property, but unfortunately is often perverted into a means of "legal plunder." In other words, the law is used to legitimize the use of force to deprive people of their wealth. – F...Read More
If there's one thing Teck Resources Ltd. (TCK.B-TSX) knows how to do, it's how to tread water.That's what Jorge Beristain, Wilfredo Ortiz and Jeremy Kliewer might tell you. They're analysts with Deutsche Bank Markets Research in New York.And they note that despite a worldwide glut of metallurgical coal, Teck, which mines that commodity, is continuing to look at ways of cutting costs until inventor...Read More
Sukari gold mine, located 700 km from Cairo.Shares in gold producer Centamin (LON:CEY) (TSX:CEE) took off Thursday, climbing as much as 5.5% in early trading to close 1.13% higher as the Egypt-focused miner reported a 10.5% increase in third-quarter output thanks to higher-grade ore mined at its flagship Sukari mine.The company also maintained its full-year production forecast of 420,000 ounces of...Read More
Today's Markets – U.S. Stocks Rally After Fed Minutes Point to Caution on Interest Rates … U.S. stocks soared Wednesday to their biggest single-day gain this year, after meeting minutes from the Federal Reserve suggested the central bank would move cautiously on raising rates. The rally was a sharp reversal from a steep Tuesday drop on worries about international economic growth. U...Read More
Vaccine may be only way to bring Ebola under control in West Africa … As West Africa's Ebola outbreak continues to rage, some experts are coming to the conclusion that it may take large amounts of vaccines and maybe even drugs – all still experimental and in short supply – to bring the outbreak under control … "It may just keep going and going and it might require...Read More
Today's Markets – U.S. Stocks Rally After Fed Minutes Point to Caution on Interest Rates … U.S. stocks soared Wednesday to their biggest single-day gain this year, after meeting minutes from the Federal Reserve suggested the central bank would move cautiously on raising rates. The rally was a sharp reversal from a steep Tuesday drop on worries about international economic growth. U...Read More
Vaccine may be only way to bring Ebola under control in West Africa … As West Africa's Ebola outbreak continues to rage, some experts are coming to the conclusion that it may take large amounts of vaccines and maybe even drugs – all still experimental and in short supply – to bring the outbreak under control … "It may just keep going and going and it might require...Read More