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Keyword: adm

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  • This Is How Little It Cost Goldman To Bribe America's Senators To Fast Track Obama's TPP Bill

    05/31/2015 6:16:54 AM PDT · by cutty · 56 replies
    Zero Hedge ^ | 05/30/2015 | Tyler Durden
    It took just a few days after the stunning defeat of Obama's attempt to fast-track the Trans Pacific Partnership bill in the Senate at the hands of his own Democratic party, before everything returned back to normal and the TPP fast-track was promptly passed. Why? The simple answer: money. Or rather, even more money. Because while the actual contents of the TPP may be highly confidential, and their public dissemination may lead to prison time for the "perpetrator" of such illegal transparency .... fast-tracking the TPP, meaning its passage through Congress without having its contents available for debate or amendments,...
  • Plan would give ADM tax breaks to stay in Illinois

    09/28/2013 11:47:19 AM PDT · by Olog-hai · 23 replies
    Associated Press ^ | Sep 28, 2013 2:38 PM EDT | Sarah Burnett
    Illinois lawmakers are considering a tax incentive package in hopes of persuading agribusiness giant Archer Daniels Midland Company not to move its global headquarters out of the state. The proposal filed Friday in the Illinois House would give ADM a 10 percent break on utility taxes for up to 30 years and a credit against some state income tax withholdings. The value of the incentives was not disclosed. The package was introduced by state Rep. John Bradley, a Democrat from Marion who is chairman of the House Revenue and Finance Committee. The committee is scheduled to meet Tuesday in Chicago...
  • Former Obama Adviser Brews A Different Tea Party (Van Jones)

    07/31/2011 2:36:09 PM PDT · by Drango · 18 replies
    NPR ^ | 7/31/11 | NPR
    Van Jones was President Obama's special adviser for "green" jobs when he was hit with a wave of criticism from conservative pundits about his past associations. The controversy forced him to leave his post in September 2009, but it wasn't the last we'd hear of him. That same conservative wave went on to make a major splash in Congress through the Tea Party. Jones decided to fight back, founding a group called the "American Dream Movement." Some people call Jones' group a liberal version of the Tea Party. His inspiration, he tells weekends on All Things Considered host Guy Raz,...
  • Ethanol Kickback: Corn-Fed Hypocrisy

    12/14/2010 4:43:40 PM PST · by Kaslin · 22 replies
    IBD Editorial ^ | December 14, 2010 | Staff
    Subsidies: As with the Cornhusker Kickback and the Louisiana Purchase, the majority leader of the Senate seeks to buy votes for a bill, this time the tax-cut compromise with support for ethanol credits for the rich. With the tax-cut compromise having made it through the Senate, the Democrats have once again reminded us why the voters threw a good portion of the rascals out in 2010. They continue to act as if the populist revolt against tax-and-spend big government never happened. To sweeten the deal made between President Obama and Republicans regarding extending all the decade-old Bush tax rates, including...
  • Ear (Of Corn) Marks

    11/11/2010 6:06:07 PM PST · by Kaslin · 36 replies
    IBD Editorials ^ | November 11, 2010 | Staff
    Energy Policy: If we're serious about cutting wasteful spending and reining in government, the abolition of subsidies for ethanol production and the ending of mandates for its use would be a good place to start. The Bush tax cuts aren't the only thing that expires at the end of the year. Also set to expire is the mother of all corporate welfare: ethanol subsidies to Big Agriculture coupled with tariffs protecting domestic ethanol production that benefit farm-state senators and congressmen but few others. Ethanol is the perfect tax-spend-and-elect mechanism. Illinois-based Archer Daniels Midland, the nation's second-largest ethanol producer, has operations...
  • Corny Capitalism

    08/27/2010 4:49:46 AM PDT · by rellimpank · 8 replies
    American Spectator ^ | 27 aug 2010 | Matt Purple
    Earlier this year, the Environmental Protection Agency issued another one of those announcements read exclusively by government bureaucrats and green policy wonks. The EPA decided to delay a decision to increase the concentration of ethanol legal in gasoline from 10% to 15%. So-called E15 fuel would have to wait for approval until November. It was a little-read regulatory decision that barely made a splash in the media. But it was also a rock thrown at Washington's hornets' nest of food and agricultural lobbyists. "We are disappointed," warned food giant Archer Daniels Midland. "We find this further delay unacceptable" and a...
  • American's Crazed Corn Habit(ethanol another entitlement, to corn growers)

    12/22/2009 5:52:31 PM PST · by sickoflibs · 37 replies · 1,079+ views
    Mises Institute ^ | December 22, 2009 | Justin Rohrlich
    According to a recent Congressional Budget Office report, the increased use of ethanol is responsible for a rise in food prices of approximately 10 to 15 percent. Why? We're turning corn into fuel — a highly inefficient one, at that — instead of food. The Mackinac Center for Public Policy points out that "mixing food and fuel markets for political reasons has done American consumers no discernable good, while producing measurable harm." However, perhaps summing up the issue most succinctly is Mark J. Perry, professor of economics and finance at the University of Michigan-Flint: Anytime you have Paul Krugman agreeing...
  • Media Insiders Say Internet Hurts Journalism (Dinosaur Media DeathWatch™)

    04/10/2009 7:56:04 AM PDT · by abb · 64 replies · 2,773+ views
    The Atlantic ^ | April 10, 2009 | Cyra Master
    In a poll of prominent members of the national news media, nearly two-thirds say the Internet is hurting journalism more than it is helping. The poll, conducted by The Atlantic and National Journal, asked 43 media insiders whether, on balance, journalism has been helped more or hurt more by the rise of news consumption online. Sixty-five percent said journalism has been hurt more, while 34 percent said it has been helped more. The media insiders were also asked about coverage of President Obama. Of 45 respondents, 71 percent say it has been “about right,” 22 percent say it’s been “too...
  • Big corn and ethanol con

    03/12/2008 11:25:05 AM PDT · by JZelle · 87 replies · 1,721+ views
    The Washington Times ^ | 3-12-08 | Walter E. Williams
    One of the many mandates of the Energy Policy Act of 2005 calls for oil companies to increase the amount of ethanol mixed with gasoline. President Bush said, during his 2006 State of the Union address, "America is addicted to oil, which is often imported from unstable parts of the world." Let's look at some of the "wonders" of ethanol as a replacement for gasoline. Ethanol contains water that distillation cannot remove. As such, it can cause major damage to automobile engines not specifically designed to burn ethanol. The water content of ethanol also risks pipeline corrosion and thus must...
  • Top 10 Corporate Welfare Queens

    07/25/2006 7:05:33 AM PDT · by ZGuy · 127 replies · 3,449+ views
    Human Events ^ | 7/24/6 | Ranked by FreedomWorks
    These organizations grow fat and rich thanks to special treatment from the federal government. They manipulate the political system to get insider deals, government guarantees, fixed prices and other benefits, paid for by taxpayers and consumers. 10. United States Postal Service (USPS) The USPS is a monopoly more interested in job protection than efficiency or innovation. Labor costs consume 80% of USPS revenue, while UPS and FedEx spend only 56% and 42% of their revenue on labor, respectively. Reform would allow competition for mailbox and first-class mail service. 9. Maritime Shippers and Unions The Jones Act mandates that all cargo...

    02/08/2006 8:01:17 PM PST · by CHACHI · 2 replies · 555+ views
    FOR FREEDOM-JUSTICE GROUP ^ | February 8, 2006 | Agustin Blazquez with the collaboration of Jaums Sutton
    I never thought in my wildest dreams that my latest documentary The Rats Below was going to touch so deeply the Cuban exile community in Miami, betrayed by eight American presidents! But now add a seemingly benign huge U.S. corporation to the list of enemies, and the community responded! There have been all sorts of discrimination – even being excluded from a jury for being Cuban American for a trial in Miami. And being derided, maligned and literally dragged through the mud by the liberal U.S. media, openly calling them “Miami Mafia,” has left deep scars in the heart of...
  • Dirty Prices - Governor (Schwarzenegger) and Barbara Boxer push ethanol

    04/13/2005 6:45:29 PM PDT · by calcowgirl · 21 replies · 644+ views
    LA Weekly ^ | APRIL 15 - 21, 2005 | WILLIAM J. KELLY
    Ethanol — once the enemy in the state’s war on air pollution — is today’s action hero in the state’s battle to keep gasoline cheap for California motorists. Faced with a tight oil supply and rising gasoline prices, the Schwarzenegger administration has surrendered and is no longer pressing the Environmental Protection Agency to waive a federal requirement to use the corn-based alcohol as a gasoline additive. Instead, the administration is embracing ethanol, according to observers, even though a state report shows that the federal rule requiring a minimum of 5.9 percent ethanol in California gasoline increases emissions. The California Air...
  • Profit shoots up 68 percent for ADM

    01/31/2004 10:14:02 AM PST · by Tumbleweed_Connection · 1 replies · 202+ views
    Archer Daniels Midland Co. said fiscal second-quarter earnings soared 68 percent to $221 million, or 34 cents a share, on improved performance in all of its major business segments, handily beating Wall Street's expectations. The agribusiness giant said that without a one-time charge of 3 cents a share for asset abandonment, ADM would have earned 37 cents a share for the latest quarter. Analysts surveyed by Thomson First Call were looking for earnings before charges of 27 cents a share. Revenues for the quarter totaled $9.2 billion, up 18 percent. In other earnings news: GATX Corp., which leases airplanes and...
  • Cubans “The Voyage Of The Damned”

    05/19/2003 12:07:48 PM PDT · by CHACHI · 3 replies · 271+ views
    FOR FREEDOM & JUSTICE GROUP ^ | May 19, 2003 | David Hoech
    Cubans “The Voyage Of The Damned” By: David Hoech May 19, 2003 It was sixty-four years ago this past May 13 that the SS St. Louis left Hamburg, Germany with 963 Jews seeking sanctuary from the Nazi regime and anti-Semitism. Cuba permitted only 29 passengers to stay after the ship had sat in its harbor for days, and the United States would not take any. The ship finally docked in Antwerp, Belgium on June 17, 1939. Over 500 of the original passengers perished in the Holocaust. Yet, today the United States wants to find fault with Switzerland’s wartime refugee policy....

    01/23/2003 8:52:10 AM PST · by Dqban22 · 2 replies · 228+ views
    LA NUEVA CUBA | January 232, 2003 | Humberto Fontova
    FIDEL AS BUSINESS PARTNER And as for the ogre Humbug, out sword and have at him! William Makepeace Thackeray By Humberto Fontova Revista Guaracabuya Colaboración: Paul Echaniz E.U. La Nueva Cuba Enero 23, 2003 -------------------------------------------------------------------------------- Kenny Lay you sorry chump. Take a lesson from the TRUE corporate looter and master of hype. You got nailed after only ten years. Fidel Castro is still at it after 43. And here's the best part: the very same people who want you keelhauled and horse-whipped, proclaim loud hossanahs to Fidel's charms as a business partner. They say you should be put "in the...

    12/10/2002 10:07:54 PM PST · by CHACHI · 13 replies · 348+ views
    FOR FREEDOM & JUSTICE GROUP ^ | December 10, 2002 | A.V. KREBS
    The AGRIBUSINESS EXAMINER #207 December 10, 2002 Monitoring Corporate Agribusiness From a Public Interest Perspective EDITOR\PUBLISHER: A.V. Krebs ADDRESS: PO. Box 2201, Everett, Washington 98203-0201 E-MAIL: WEB SITE: TO RECEIVE: Name and e-mail address CONTRIBUTION$ WELCOME !!! BOOK REVIEW: RATS IN THE GRAIN: The Dirty Tricks and Trials of Archer Daniels Midland, the Supermarket to the World. By James B. Lieber. ROBERT SHERRILL, THE TEXAS OBSERVER: Anyone who had the misfortune to watch the presidential debates may have noticed that the moderator, Jim Lehrer, one of the most overrated journalists of our era, went out of his way...
  • Acts that don't deserve the prize

    10/20/2002 1:38:27 PM PDT · by CHACHI · 8 replies · 260+ views
    FOR FREEDOM & JUSTICE GROUP ^ | October 20, 2002 | Jeff Jacoby, the Boston Globe
    Acts that don't deserve the prize By Jeff Jacoby, 10/17/2002 AS A PATRIOT and a man of honor, Jimmy Carter should refuse the Nobel Peace Prize. That act of integrity would win him more respect than anything he has done in the past two decades. The Nobel Peace Prize committee has sometimes shown disturbingly bad judgment, but never before has it awarded the prize with the explicit purpose of castigating the United States. That new low was achieved last week, when the Nobel Committee chairman, Gunnar Berge, emphasized that the award was meant as a denunciation of US policy...
  • The Campaign to Control America’s Vote [PFAW alert!]

    10/20/2002 7:50:17 AM PDT · by Ragtime Cowgirl · 31 replies · 751+ views
    Capital Research Center ^ | October 2002 | Patrick J. Reilly
      The Campaign to Control America's VoteLiberal Group Leads Fight Against Bush Judicial Nominees and School ChoiceBy Patrick J. ReillySummary: Texas Supreme Court Justice Priscilla Owen is the latest victim of People for the American Way's campaign against President Bush's judicial nominees. On September 5, the Senate Judiciary Committee in a 10-9 party-line vote rejected her nomination to the Fifth Circuit of the U.S. Court of Appeals. When the electronic voting machines introduced in last month's Florida primary elections failed to correct the voting irregularities that appeared during the state's 2000 presidential election, People for the American Way (PFAW)...
  • Up to 11 bodies found in train car in Iowa

    10/14/2002 7:42:05 PM PDT · by HAL9000 · 18 replies · 302+ views
    Associated Press | October 14, 2002
    DENISON, Iowa (AP) -- Up to 11 bodies, possibly immigrants being smuggled into the country, were found in a Union Pacific rail car, authorities said Monday night. All the victims were from Mexico, said Jerry Heinauer, district director of the Immigration and Naturalization Service for Nebraska and Iowa. Heinauer said he was told by the Mexican consul that the car left Matamoras, Mexico, in June. It was parked in Oklahoma before heading to Denison, about 60 miles northwest of Omaha, Neb. He said authorities do not yet know whether the victims were being smuggled into the country, but said...
  • Cuba Signs $1M Deal for U.S. Food

    09/29/2002 8:40:56 AM PDT · by Luis Gonzalez · 16 replies · 300+ views
    YAHOO! News/AP ^ | Fri Sep 27, 9:47 PM ET | ANITA SNOW, Associated Press Writer
    HAVANA (AP) - Their appetites whetted after the first day of a major U.S. agribusiness show, Cuban officials on Friday signed another $1 million in contracts for American food. With the $500,000 contract with PS International of North Carolina for dried peas and another $500,000 contract with Boston Agrex of Massachusetts for frozen chicken, Cuba has signed to buy about $18.5 million of U.S. food since the fair opened Thursday morning. "We are opening the door," said Ramiro Velasquez, Latin America sales manager for California Rice, among the companies that has signed to sell Cuba food during the first two...