President Barack Obama, saying he
Spanish Prime Minister Mariano Rajoy announced 14.9 billion euros ($19.3 billion) of deficit cuts, with the government
Prime Minister Manmohan Singh failed to win passage of his anti-corruption bill as an uproar broke out in India
A man from St. Louis County is the second person to seek damages from Schnucks after falling ill during an E. coli outbreak linked to lettuce sold at local stores, according to a lawsuit filed Thursday in circuit court.
In mid-October, Charles Meyer, 61, ate romaine lettuce and other salad bar items several times from the Schnucks in Cool Valley. Meyer later developed an E. coli bacterial infection and was treated at Mercy Hospital in Creve Coeur, where he stayed in the cardiac unit for several days.
Meyer has not regained his previous health and strength since the illness, according to the lawsuit.
Mary Kozlowski filed suit earlier this month against Schnucks after she suffered permanent kidney damage from an E. coli infection after eating salads from the Des Peres Schnucks.
Federal health officials tagged romaine lettuce as the likely culprit of the E on line pay day loans. coli outbreak that sickened 60 people across 10 states this fall. Investigators determined that romaine lettuce from salad bars at nine Schnucks locations was the most common denominator in the illnesses.
The contamination probably occurred at a farm before the lettuce reached the stores, according to a report from the federal Centers for Disease Control and Prevention.
Both lawsuits also name Vaughan Foods of Oklahoma, which supplies romaine lettuce to Schnucks. The plaintiffs are represented by the law firms Aleshire Robb in Springfield, Mo., and Marler Clark in Seattle.
Taiwan President Ma Ying-jeou said his rapprochement with China will encourage other nations to strengthen trade with the island and make it less dependent on the mainland, rebutting opposition criticism that he
White Castle, a 90-year-old hamburger chain known for its square “slider” burgers, is sipping on the idea of offering alcoholic beverages as it tests beer and wine sales at a restaurant in Indiana.
The food famously craved by stoners in the 2004 movie “Harold & Kumar Go to White Castle” can be had with a glass of wine or a domestic or seasonal beer at a Lafayette, Ind., restaurant that fuses a conventional White Castle with a new concept for the company called Blaze Modern BBQ. Wine costs $4.50 and beers start at $3.
“This was something that customers had been suggesting,” said Jamie Richardson, a spokesman for Columbus-based White Castle System Inc. “They thought that beer and wine might go nicely with the barbecue that was available at Blaze. We’re certain that we might have some customers who might enjoy some sliders and a beer or wine as well.”
White Castle’s test with those beverages was first reported in Wednesday’s editions of The Columbus Dispatch.
Other fast-food restaurants also are dabbling with alcohol. Earlier this year, Burger King opened the Whopper Bar South Beach, a restaurant in Miami Beach offering beer, and Starbucks Corp. has been testing beer and wine at a few sites.
The companies see alcoholic beverages as a growth opportunity after years of flat sales, said David Henkes, a vice president with the Chicago-based food research firm Technomic. “Alcohol is one of those things that is extremely profitable to the operator,” he said.
White Castle’s beer and wine tryout is part of a broader experiment with three new concepts that the company has been studying for a little over a year, Richardson said Wednesday. Besides Blaze Modern BBQ, there’s also an Asian food brand, Laughing Noodle, at a White Castle in Springfield, Ohio, and a triple-decker sandwich concept, Deckers, in Lebanon, Tenn.
Customers have had a “very positive” reaction to the alcoholic beverages offered in Indiana, but for now, White Castle is considering only whether to expand them to the two other co-branded restaurants, Richardson said.
White Castle would face challenges trying to roll out beer and wine on a wider scale, Henkes said.
“What we find with fast-food places is, there’s very strict regulations around training. Typically, a lot of the employees in fast food are under 21, so you get into some service issues,” he said. “You get into some inventory issues. You get into whether distributors are willing to deliver to you because you’re generally not doing a whole lot of volume in these categories.”
Adding beer and wine to the menu sounds fine to lifelong White Castle fan Jim Kreml of Elk River, Minn. _ even though he’s a teetotaler. “I know my wife would love that because she is a wine drinker,” said Kreml, 47, the operator of a chimney-cleaning business who acknowledged he eats at the restaurants “a couple of times a week.”
Kreml, named in 2009 to White Castle’s Cravers Hall of Fame, said Wednesday that he would expect alcoholic beverage options to be popular with many slider aficionados. “If they’re of age and they drink that already, I think they’d be happy with that. As long as they’re responsible and don’t sit in there, and that’s not party time,” he said.
Record drought ravaged parts of Texas and Oklahoma this year, but Missouri was hard hit, too — and now the state’s dairy and cattle industries are scrambling to cope with the aftereffects of the parched summer as they prepare for winter.
“We’ve heard an awful lot about the extreme drought in Texas and Oklahoma, and areas farther west,” said Mike Collins, a professor of plant science at the University of Missouri. “But if you look at the drought map, it projects into Missouri.”
Last month, in fact, the U.S. Department of Agriculture designated 101 Missouri counties natural disaster areas because of the drought, and one estimate puts the loss to the state’s grain farmers at nearly $350 million. University of Missouri researchers say the state would need to get an unlikely 13 feet of snow this winter to compensate for the scorching heat and lack of rain that shrank crop yields last summer.
“In mid-Missouri and particularly as you go southwest, (the soil) was pretty well depleted four to six feet down. There’s not much left there for plant growth,” said Randy Miles, a soil scientist with the university. “We need to recharge the piggy bank, so to speak.”
The drought’s impact is reaching into all areas of agriculture, and could eventually hit consumers. Corn farmers in Missouri lost roughly 24 million bushels of yield because of the drought, and the state’s soybean farmers about 20 million. The drought also scorched pasture and forage lands, and now, hay — a newly precious commodity — has been heading out of state by the truckload.
“We see a lot of hay moving east to west,” Collins said. “A lot of hay heading west on the interstate.”
Missouri is the country’s third-largest producer of hay, but this year hay is in such great demand from cattle and dairy farmers in neighboring states that producers, here and elsewhere, are scrambling to secure enough of it to make it through the winter.
“I had to drive 100 miles north, to get it from a guy in Green Ridge,” said Darrel Franson, a cattle farmer who heads the Missouri Forage and Grassland Council. “In the half an hour I’m talking to him, his phone rings three times, with producers from Texas willing to buy anything he’s got, at any price.”
Cattle ranchers and dairy farmers typically grow much of the hay they feed their animals. But this year, burned-up pasture land forced them to feed hay months before they typically would. At the same time, the weather shrank hay yields by as much as 15 to 30 percent in some places.
Some worry that, by mid-winter, producers will be caught without enough to feed their animals.
“In January or February, the farmer is going to take a walk out into his pasture and see his cows are thin. He’s going to run in and say, ‘Ma, the cows are awful thin.’ Then they’re going to look at the ground and see there’s no grass there,” Franson said. “They’re going to get on the phone to get some hay, and they won’t find any.”
DAIRY FARMER FEARS
The situation is not just a question of scarcity, but of quality. Hay that survives the weather isn’t the most nutritious, which means cows need more of it. Dairy cows, particularly, need better-quality hay to produce better milk, and for the higher-quality hay, producers are paying as much as $300 a ton.
“That’s well above what we normally see,” Collins said.
The state’s dairymen are especially concerned.
“This is going to be one of the toughest challenges I’ve seen in my lifetime, seeing these cows through the winter,” said Larry Purdom, head of the Missouri Dairy Association. “A lot of times in the past when hay prices were up, we could use corn, but that’s been at record highs, and that’s expensive now, too.”
The state’s dairy herd has shrunk to about 90,000 from 100,000 in recent years, Purdom said, and could get even smaller as aging dairy farmers decide to sell their cows and get out of the business rather than face higher feed costs.
“This is serious,” Purdom said. “We have eight or nine processing plants in the state, and if we don’t have milk for them, we’re worried they’ll take their operations somewhere else, and that means jobs.”
Cattle ranchers, too, are being forced to pay higher feed prices, and some are selling off their animals.
“I sold 20 percent of my herd,” Franson said. “I have to match up my cattle with my forage supply.”
Cattle ranchers, however, are still in the black, with high beef prices buoyed by demand overseas and a shrunken American cattle population.
“Given where prices are today, producers are trying to take advantage of that,” said Jeff Windett, of the Missouri Cattlemen’s Association.
So are the state’s hay producers. “Anytime you have a situation like this, it makes it difficult for some,” Collins said. “But for farmers in the business of producing hay, this is an excellent year.”
Researchers at the University of Missouri and the states’ farmers, however, are worried about next year. If soil moisture isn’t adequately replenished over the winter months, farmers could face depleted soils for a second year. That puts farmers in an odd situation: Hoping for a bad winter.
“If we don’t get enough input over the next few months, we could go into the next season without enough moisture,” Miles said. “Even though it might not be that amenable to some, and it may create some slushy driving hazards and so on, from a soil moisture viewpoint, more snow and rain may be more valuable long term.”
With Europe trying to resolve its debt worries and the U.S. attempting to whittle down high unemployment, prudent moves are in order.
Whatever the health of the economy, average investors face the prospects of extremely low interest yields and high market volatility. Everyone’s already had some experience with this queasy scenario, so it should be manageable if not invigorating.
Keeping collective blood pressure high, presidential campaigns will constantly remind us of all the economic problems that are in need of timely solutions.
So, as we bid the past year goodbye, here are New Year’s financial resolutions for 2012:
The European Union’s antitrust watchdog says it is probing whether U.S. companies Honeywell and DuPont are restricting competition in the market for new refrigerants for car air-conditioning systems.
The European Commission said Friday it has received complaints that the two companies entered into “development, licensing and production arrangements” that prevent rivals from also developing new refrigerants that fulfill updated environmental standards.
Commission says it is also investigating whether Honeywell International Inc. is abusing its dominant position in the production of the new refrigerant, known as 1234yf, and deceived authorities during the evaluation of 1234yf.
The opening of a probe does not mean that Honeywell and E.I. du Pont de Nemours & Co. actually broke EU law.
A key central bank survey showed Thursday that confidence at major Japanese manufacturers fell over the last quarter, as the export-reliant country battled a strong yen and an increasingly precarious global economy.
In the Bank of Japan’s “tankan” survey of business sentiment, the main index for big manufacturers fell to minus 4, in the first deterioration in two quarters. Three months ago, it stood at 2.
The figure represents the percentage of companies saying business conditions are good minus those saying conditions are unfavorable, with 100 representing the best mood and minus 100 the worst.
The result is in line with Kyodo News agency’s average market forecast.
Japan has been battling a strong yen, which has hit multiple historic highs this year against the dollar. Amid economic uncertainty in Europe and the U.S., global investors have looked to the Japanese currency as a relatively safe haven.
But Japan relies on exports to drive growth, and the yen’s appreciation has hit companies such as Toyota Motor Corp. and Sony Corp. hard. When the yen climbs, it reduces the value of exporters’ overseas profits when repatriated to Japan payday advance.
That has forced companies to shift more production overseas, prompting worries about a hollowing out of Japanese industry.
Big non-manufacturers were feeling slightly more optimistic. Their confidence index rose to 4 from 1 three months earlier.
Medium-sized manufacturers’ reading was flat, at minus 3, while the small manufacturers’ index improved to minus 8, up from minus 11.
The tankan, which helps guide monetary policy, showed that large companies overall plan to boost capital spending by 1.4 percent this fiscal year through March 2012. The figure is down from 3 percent in the September survey.
Large manufacturing companies assume an average exchange rate of 79.02 yen per dollar for this fiscal year, compared with 81.15 yen three months ago.
The Bank of Japan surveyed 10,846 companies nationwide. About 99 percent responded.
The bank’s next policy board meeting is scheduled for Tuesday and Wednesday.
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