USA - With yesterday’s announcement by the World Health Organization that the active ingredient in world’s most widely used herbicide likely causes cancer, a natural question for consumers is whether the chemical glyphosate is present in their food. The product is also known under Monsanto’s trade name of Roundup.
USA - A Seattle architect named Katrina Spade has proposed a new solution for urban food production: convert the recently deceased into nutritious compost to feed the food crops. The project is called the Urban Death Project, and it describes the process of turning dead humans into food as follows:
UK - The food journalist Joanna Blythman has a brilliant new book out, ‘Swallow This’, on the murky world of convenience food, such as the billions of ready meals that we eat every year. Did you know, for example, that eggs are hardly ever used by food manufacturers in the form in which we would recognise them? They’re either powdered – and sugared, bizarrely – or they come fused together and hard-boiled in a long tube so they can be uniformly sliced like salami. Ideal for sandwiches.
USA - Scientists will compete to create an improved wearable alcohol biosensor contest sponsored by the National Institute on Alcohol Abuse and Alcoholism (NIAA) or really the National Institutes of Health (NIH). If you guessed Homeland Security is behind this, give yourself a gold star. Don't forget wherever DHS goes Mothers Against Drunk Driving (MADD) is sure to follow. MADD has a close relationship with Homeland Security.
USA/ISRAEL - President Obama's role during the Israeli elections was larger than reported, according to a pollster for Israeli Prime Minister Benjamin Netanyahu's Likud party. "What was not well reported in the American media is that President Obama and his allies were playing in the election to defeat Prime Minister Netanyahu," John McLaughlin, a Republican strategist, said in an interview on John Catsimatidis's "The Cats Roundtable" radio show broadcast Sunday on AM 970 in New York.
USA - First he comes for the banks and health care, uses the IRS to go after critics, politicizes the Justice Department, spies on journalists, tries to curb religious freedom, slashes the military, throws open the borders, doubles the debt and nationalizes the Internet. He lies to the public, ignores the Constitution, inflames race relations and urges Latinos to punish Republican “enemies.” He abandons our allies, appeases tyrants, coddles adversaries and uses the Crusades as an excuse for inaction as Islamist terrorists slaughter their way across the Mideast. Now he’s coming for Israel.
ISRAEL - I would like to say thank you to Prime Minister Benjamin Netanyahu. Thank you for telling the truth. Last week you were revealed as the first Israeli prime minister to tell the truth. For at least 25 years most Israeli statesmen have been lying, misleading the world, the Israelis and themselves, until Netanyahu arose – he of all statesmen – and told the truth. If only this truth had been told by an Israeli prime minister 25 years ago, maybe even 50 years ago, when the occupation was born. Still, better late than never. The public rewarded him for this truth, and Netanyahu was elected for a fourth term.
UK - Traders warn of a global credit 'meltdown' if corporate bond markets don't improve. For Norval Loftus, chief investment officer at Allegra Asset Management, trading corporate bonds is not as easy as it used to be. “It’s like night and day compared with six or seven years ago,” the bond market veteran says. “There’s no comparison. It’s even tougher than it was six or seven months ago. It’s getting more and more difficult all the time.”
CHINA - China and Russia have taken the lead in establishing the Asian Infrastructure Investment Bank (AIIB), seen as a rival organisation to the World Bank and the Asian Development Bank, which are dominated by the United States with Europe and Japan. These banks do business at the behest of the old Bretton Woods order. The AIIB will dance to China and Russia's tune instead.
USA - International Monetary Fund chief Christine Lagarde has said the IMF would be "delighted" to co-operate with the China-led Asian Infrastructure Investment Bank (AIIB). The AIIB has more than 30 members and is envisaged as a development bank similar to the World Bank. Mrs Lagarde said there was "massive" room for IMF co-operation with the AIIB on infrastructure financing. The US has criticised the UK and other allies for supporting the bank.
USA - Imagine going to the bank to withdraw some cash. Having some cash on hand is always a prudent strategy, and especially today when more and more bank deposits are creeping into negative territory, meaning that you have to pay the banks for the privilege that they gamble with your money. You tell the teller that you’d like to withdraw $5,000 from your account. She hesitates nervously and wants to know why. You try to politely let her know that that’s none of the bank’s business as it’s your money.
USA - Mortgage-finance companies Fannie Mae and Freddie Mac could be at risk of needing more government bailouts, a watchdog said in a report set to be released Wednesday. The report from the inspector general for the Federal Housing Finance Agency, which regulates Fannie and Freddie, warns that the companies’ declining profits and capital cushions could leave them vulnerable in the event of an economic downturn.
FRANCE - The French Government will limit cash payments to 1,000 euros, compared to 3,000 euros today, a move that will come into force in September to combat terrorist financing and money laundering, in an announcement from Finance Minister Michel Sapin.
GREECE - The Greek crisis is not just an economic mess. Increasingly, it is becoming a geopolitical mess too. Alexis Tsipras, the country’s prime minister, whose radical-left Syriza party swept into government after January’s general election, has taken to tugging at crude political levers — from cosying up to Vladimir Putin to demanding war reparations from Germany — in the belief that this will somehow prompt concessions from the rest of the euro zone.
EUROPE - France has become Europe’s “big problem”, according to the former prime minister of Italy, who warned that anti-Brussels sentiment and the rise of populist parties in the Gallic nation threatened to blow the bloc’s Franco-German axis apart.