What’s in a catchy phrase? Plenty if the term is ‘pink slime’

Reading Time: 2 minutes Reuters / A year ago, Beef Products Inc. had four state-of-the art plants, more than 1,300 employees and was expanding aggressively. The meat company was the leading maker of “lean finely textured beef,” a low-fat product made from chunks of beef, including trimmings, and exposed to tiny bursts of ammonium hydroxide to kill E. coli […] Read more



U.S. Thanksgiving turkey dinner to be easy on the wallet

Reading Time: 3 minutes Americans will be able to enjoy relatively cheap Thanksgiving turkeys this year, thanks to many retailers locking in their costs before a drought this year drove up U.S. feed prices. And retailers are determined to keep prices for the traditional Thanksgiving main course as low as possible, even though sky-high corn prices have nearly doubled […] Read more




Ego too big to fail, PFG founder admits 20-year fraud

Russell Wasendorf Sr., arrested on Friday, confessed to a 20-year fraud at his now-bankrupt Iowa brokerage, saying business troubles and his "big" ego left him no choice: "So I cheated." In the dramatic conclusion to a week-long saga that has shaken trader confidence in the trillion-dollar U.S. futures markets, authorities released parts of a detailed […] Read more