Day 3: Entering an Information Vacuum
Oct 03, 2013
These are good days for folks in the news business--you know, plenty of colorful quotes from angry lawmakers questioning the intelligence (and ancestry, too) of their colleagues on the other side of the aisle. But the government shutdown has livestock producers more than just a little angry. The absence of reports from USDA's Agricultural Marketing Service is costing livestock operations money as commodity markets thrive on hard data. John Kemp, a columnist for Reuters, says "the extent to which commodity markets rely on government data is hard to exaggerate."
Lawmakers See Another Fiscal Storm Brewing
Before there's even a hint that Congress can reach an agreement to end the government shutdown, lawmakers are warning of the next impending crisis--the debt limit ceiling. Congress must raise the debt limit ceiling or risk going into default on the national debt, reports USA Today. The last battle over the debt limit was two years ago, and the Treasury Department says that event caused the stock market to drop 17 percent and monthly payments on new mortgages went up an average of $100.
Labels that Campaign for More Labeling
The label of a bottle of Dr. Bronner's Magic Soaps probably resembles what you would expect to see on a bottle of laudanum-based snake oil--small type, lots of praise for the product and its healing effects. Now, as reported by good 'ol Grist, Dr. Bronner's Magic Soaps has become a special advertising vehicle for Washington state's proposition 522, which would require food makers to label products that might contain genetically modified (GMO) ingredients. The vote on Prop 522 is scheduled for Nov. 5.
Google Start-Up Aims to Fight Aging
As a brand, Google is the second most valuable in the world, right behind Apple, which dethroned Coca-Cola this year.
The rankings come from research by a company called Interbrand, which had Coca-Cola number one for 13 consecutive years. Many large companies are adopting strategies that include a "greater focus on social purpose" to improve people’s lives. Maybe that explains Google’s latest venture, Calico--or the California Life Company--which has been set up to research subjects related to aging and its associated diseases. Announcing Calico at a media briefing, Google said that the new and independent company will largely focus on age-attendant conditions such as Alzheimer's, cancer and heart disease.