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News & Updates
August 18, 2011 U.S. Inquiry Eyes S.&P. Ratings of MortgagesSource: NY Times
The Justice Department is investigating whether the nation’s largest credit ratings agency, Standard & Poor’s, improperly rated dozens of mortgage securities in the years leading up to the financial crisis, according to two...
August 17, 2011 U.S. launches biofuels initiativeSource: UPI
National and energy security depend on access to commercially available biofuels, Washington said in unveiling a $510 million private-sector initiative. The U.S. departments of Energy, Agriculture and Navy announced plans to...
August 17, 2011 Fitch affirms U.S. AAA ratingSource: Jacksonville Business Journal
Less than two weeks after Standard & Poor's rocked financial markets by downgrading its ratings on U.S. long-term debt, rival ratings service Fitch Ratings affirms its AAA credit rating for the United States. The affirmation...
August 17, 2011 Kohl Proposal Would Add More Food Safety Inspection JobsSource: Wisconsin AG
U.S. Senator Herb Kohl says one of his major goals before leaving office later next year is to help improve food safety. During a visit to Ocean Spray cranberry company in Wisconsin Rapids this week, the Milwaukee Democrat...
August 17, 2011 USDA comes to aid of chicken industry with $40M purchaseSource: Chicago Tribune
The United States is stepping in to help bail out another American industry -- chicken farmers and meat processors. The nation's chicken industry is having a difficult year. Chicken producers are struggling with higher costs of...
August 16, 2011 Canada Moves to Downgrade Food Safety OversightSource: Food Integrity Campaign
Disappointing news came from Canada on Friday with the government's decision to remove meat inspectors from more than 100 plants in three provinces by 2014, as a means to cut costs. Industry monitoring itself is never a good...
August 16, 2011 Starbucks' CEO: Halt the political donationsSource: MSNBC
LOS ANGELES — Starbucks Corp Chief Executive Howard Schultz is winning support for his call to withhold political contributions from U.S. lawmakers until they strike a "fair, bipartisan" deal on the country's debt, revenue and...
August 16, 2011 Obama healthcare law: two justices may decide fateSource: Reuters
The legal fate of President Barack Obama's signature healthcare law will likely come down to two Republican appointees on the U.S. Supreme Court -- Chief Justice John Roberts and Justice Anthony Kennedy.
Source: Huntsville Examiner
President Obama’s controversial healthcare reform law remains at the center of debate nationwide, including Huntsville, Ala. The question of federal power, and how widely it should be used, is coming to a head once again. A...
August 15, 2011 Tainted beef leads to grocery recallsSource: Forbes
DODGE CITY, Kan. -- At least three major grocery store chains are recalling certain packages of ground beef due to possible E. coli contamination. The recalls at Winn-Dixie Stores Inc., Publix Super Markets Inc. and Kroger Co....
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