With high-fructose corn syrup suffering from years of bad press, and consumption of the popular sweetener falling to a 20-year low over concerns it might be a factor in the rampant obesity and other health issues raging across the U.S., the Corn Refiners Association (CRA) has applied to the Food and Drug Administration (FDA) to change the name of its profitable product —used in the manufacture of soft drinks, candies, sauces, and scores of other processed food and beverages — to “corn sugar.”
After losing billions during the economic crisis, bloated benefits of state and local government-employee pension plans across America have been thrust into the spotlight as officials consider the tough reforms necessary to ensure their funds’ continued existence.
Organized labor, like the octopus of government, ignores the realities of ordinary life. America is in the midst of a depression and unemployment is a profound problem in much of our nation, particularly in those older industrialized regions which have come to be called the “Rust Belt.” Big unions, so present in American elections with money and foot soldiers, extracts its own irregular benefits and protections as the price of political support.
The global regulation of banks took a major leap forward with the conclusion on September 12 of a round of talks held at the Bank of International Settlements (BIS) in Basel, Switzerland. Present were central bankers and regulators from 27 countries, trying to come up with tougher international regulations to prevent another banking crisis like the one we have been enduring for the past couple of years.