Podcast appearances and mentions of archer daniels midland

American food processing and commodities trading corporation

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Best podcasts about archer daniels midland

Latest podcast episodes about archer daniels midland

Successful Farming Daily
Successful Farming Daily, November 5, 2025

Successful Farming Daily

Play Episode Listen Later Nov 5, 2025 5:48


Listen to the SF Daily podcast for today, November 5, 2025, with host Lorrie Boyer. These quick and informative episodes cover the commodity markets, weather, and the big things happening in agriculture each morning. Soybean prices dropped due to profit-taking after a $52 rally, with traders awaiting Chinese business. Corn prices rose due to high export interest and drier Brazilian crops. Wheat prices fell slightly despite US drought stress. SP Global projected a US corn yield of 185.5 bushels per acre and a soybean yield of 53 bushels per acre. Archer Daniels Midland's third-quarter profits declined, particularly in the crushing business. Cattle markets were impacted by government rumors, and weather forecasts included windy conditions in Oklahoma and Arkansas, with a cold front expected late Saturday. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Smartinvesting2000
July 18th, 2025 | Tariff Impact, Market Bubble, Retail Boom, Trump Kid Accounts, Circle Internet group (CRCL), Archer-Daniels-Midland Company (ADM), Kenvue Inc. (KVUE) & Shake Shack Inc. (SHAK)

Smartinvesting2000

Play Episode Listen Later Jul 19, 2025 55:39


Are tariffs impacting inflation yet? The Consumer Price Index, also known as the CPI, in the month of June showed an annual increase of 2.7%, which was in line with expectations. Core CPI, which excludes food and energy, came in at 2.9% and was also in like with expectations. It was slightly above May's reading of 2.8%, but given all the news around tariffs I think most would be surprised to see the limited change in prices given all the concerns. Some economists that tried to find evidence of the tariffs pointed to areas like apparel that had an increase of 0.4% compared to the month May. My concern with pointing out limited areas like that is prices can be quite volatile when looking at single areas, plus if you look at prices for apparel compared to last June, they actually decline 0.5%. Shelter is becoming less of problem for the report, but it is still the largest reason why inflation remains stubborn considering the annual increase was above the headline and core numbers at 3.8%. I'm still looking for these tariffs to have an impact on inflation, but as a whole they didn't seem to have a large impact in the month of June. I also want to point out I don't think they will be as problematic for consumers as some economists have illustrated.   Is the market in a bubble? I have been hesitant to use the word bubble when describing the current state of the market, but as valuations get more and more stretched, I must say I believe we are now in bubble territory. Apollo's chief economist, Torsten Slok, released a graph showing the 12-month forward P/E today versus where we were in 2000 and other 5-year increments. The forward P/E for the market as a whole is higher than it was back in 2000, but Torsten raised further concerns that valuations for the top 10 companies in the index are now more stretched than during the height of the tech boom. This is problematic considering these ten companies now make up nearly 40% of the entire index. Even looking at just the top 3 companies: Nvidia, Microsoft, and Apple, those now account for nearly 20% if the index. I recently heard a gentleman say on CNBC that valuations don't cause bubbles to pop and while that may be true, when a catalyst comes the larger the bubble, I worry the larger the pop. All I can say at this time is be careful if you are investing in the index as a “safe”, diversified investment as I believe it is far riskier than many people believe.   Retail sales show another strong economic data point Even though people remain concerned about a slowdown in the economy, their fears haven't showed up yet in their spending habits. In the month of June, retail sales climbed 3.9% compared to the previous year. Due to the lower price for gasoline, gas stations were a large negative weight in the month and actually declined 4.4% compared to last June. If gas stations were excluded from the headline number, retail sales grew at a very impressive annual rate of 4.6%. Strength was broad based, but I was surprised to see areas like health & personal care stores up 8.3% and food services & drinking places up 6.6%. These are two areas that show me people are still getting out and spending money, which generally wouldn't happen in a weak economy. There are some areas where consumers may be trying to get ahead of tariffs like motor vehicle & parts dealers, which saw an annual increase of 6.5% and furniture & home furnishing stores, which saw an increase of 4.5%, but it has now been a few months of strong sales in these categories. It will be interesting to see if there is a slowdown in those specific categories in the coming months as there could have been some pull forward in demand with consumers trying to beat those tariffs. Even if that is the case, spending still looks strong in areas not impacted by the tariffs, so I anticipate the consumer will remain healthy. Given the current state of the consumer, I still believe the economy is in a good spot overall. While I'm not looking for blockbuster growth, I'd be surprised to see anything close to a recession given all the recent data.   Financial Planning: What's the Deal with These “Trump Accounts” for Kids? Under the new One Big Beautiful Bill, children under 18 are eligible to open special long-term savings accounts, nicknamed “Trump Accounts”, with a unique blend of benefits and caveats. Kids born between 2025 and 2028 will receive a $1,000 seed deposit from the U.S. Treasury, regardless of family income. Parents, relatives, and friends may also contribute up to $5,000 per year in after-tax dollars. The account grows tax-deferred, and extra contributions (but not the Treasury seed or earnings) can be withdrawn tax-free. However, like a non-deductible IRA or non-qualified annuity, withdrawals of earnings or seed money are taxable at ordinary income rates, and early withdrawals (before age 59½) face a 10% penalty unless used for qualified purposes like a first-time home purchase or education. While the free $1,000 should be taken advantage of, families may find that 529 plans, Roth IRAs for teens with earned income, custodial accounts, or even accounts in a parent's name offer better long-term flexibility and tax treatment for ongoing contributions.   Companies Discussed: Circle Internet group (CRCL), Archer-Daniels-Midland Company (ADM), Kenvue Inc. (KVUE) & Shake Shack Inc. (SHAK)

OHNE AKTIEN WIRD SCHWER - Tägliche Börsen-News
“Netflix - in Gefahr oder bald Monopol?” - ABB & TSMC feiern KI, Uber x Lucid, Bruker

OHNE AKTIEN WIRD SCHWER - Tägliche Börsen-News

Play Episode Listen Later Jul 18, 2025 13:42


Aktien hören ist gut. Aktien kaufen ist besser. Bei unserem Partner Scalable Capital geht's unbegrenzt per Trading-Flatrate oder regelmäßig per Sparplan. Alle weiteren Infos gibt's hier: scalable.capital/oaws. Aktien + Whatsapp = Hier anmelden. Lieber als Newsletter? Geht auch. Das Buch zum Podcast? Jetzt lesen. ABB & TSMC feiern KI. Lucid feiert Einstieg von Uber. Jungheinrich feiert gar nix. Pepsi feiert 1% Wachstum. Ingredion und Archer Daniels Midland leiden unter Trumps Coca-Cola-Move. Alimentation Couche-Tard wird Seven & i nicht kaufen. GrabAGun-IPO. Die Börse sagt: Netflix (WKN: 552484) gewinnt den Kampf der Streaming-Giganten. Nielsen ist sich da nicht so sicher. Was sagen die Zahlen? Ein milliardenschwerer Medizintechnikkonzern, den keiner kennt, obwohl er deutsche Wurzeln hat? Das ist Bruker (WKN: 813534). Diesen Podcast vom 18.07.2025, 3:00 Uhr stellt dir die Podstars GmbH (Noah Leidinger) zur Verfügung.

FactSet U.S. Daily Market Preview
Financial Market Preview - Friday 30-May

FactSet U.S. Daily Market Preview

Play Episode Listen Later May 30, 2025 3:34


US equity futures are slightly lower after Thursday's positive session. European markets are mostly higher, while Asian equities ended broadly weaker, with Hong Kong and Japan leading declines. US trade policy outlook clouded after Appeals Court stayed ruling that had blocked tariffs under IEEPA, leaving restrictions in place while further legal review proceeds. White House stressed alternative statutes could be used if needed, adding uncertainty to timing and process of trade decisions. US-Asia trade negotiations remain uneven: Bessent said China talks stalled and may require Xi-Trump call, while India highlighted progress and Japan prepares for next round. Tokyo inflation beat expectations, adding to market focus on BOJ tightening after Ueda reaffirmed data-driven approach this week.Companies Mentioned: Synopsys, Seacoast Banking, Archer-Daniels-Midland

Dividend Talk
EPS 246 | Buffets Last Dance and Earnings from Europe and the US Companies

Dividend Talk

Play Episode Listen Later May 10, 2025 70:20


In this episode, we dive into Warren Buffett's succession and legacy, the philosophy that built Berkshire Hathaway, and what the future might hold under Greg Abel. We also break down recent dividend news, from Apple's modest hike to Wendy's surprising cut, and share our own May dividend income.We cover earnings from some major names like Novo Nordisk, Archer Daniels Midland, Ahold Delhaize, and Legrand, plus explore the intriguing possibility of Shell acquiring BP. Listener questions spark some great discussion, including what football clubs would be as dividend stocks, whether our podcast can move markets, and which companies have the strongest moats.

The Agribusiness Update
South Carolina Soybean Plant to Close and Canadian Agribusiness and Trade

The Agribusiness Update

Play Episode Listen Later May 2, 2025


Archer Daniels Midland will permanently close its soybean processing plant in Kershaw, South Carolina, and some 88% of Canadian agri-businesses say Canada should strengthen trade ties with other countries besides China and the U.S. due to rising trade tensions.

Faster, Please! — The Podcast

In the 1960s, a deep anxiety set in as one thing became seemingly clear: We were headed toward population catastrophe. Paul Ehrlich's “The Population Bomb” and “The Limits to Growth,” written by the Club of Rome, were just two publications warning of impending starvation due to simply too many humans on the earth.As the population ballooned year by year, it would simply be impossible to feed everyone. Demographers and environmentalists alike held their breath and braced for impact.Except that we didn't starve. On the contrary, we were better fed than ever.In his article in The New Atlantis, Charles C. Mann explains that agricultural innovation — from improved fertilization and irrigation to genetic modification — has brought global hunger to a record low.Today on Faster, Please! — The Podcast, I chat with Mann about the agricultural history they didn't teach you in school.Mann is a science journalist who has worked as a correspondent for The Atlantic, Science, and Wired magazines, and whose work has been featured in many other major publications. He is also the author of 1491: New Revelations of the Americas Before Columbus and1493: Uncovering the New World Columbus Created, as well as The Wizard and the Prophet: Two Remarkable Scientists and Their Dueling Visions to Shape Tomorrow's World.In This Episode* Intro to the Agricultural Revolution (2:04)* Water infrastructure (13:11)* Feeding the masses (18:20)* Indigenous America (25:20)Below is a lightly edited transcript of our conversation. Intro to the Agricultural Revolution (2:04)I don't think that people realize that the fact that most people on earth, almost the average person on earth, can feed themselves is a novel phenomenon. It's something that basically wasn't true since as far back as we know.Pethokoukis: What got my attention was a couple of pieces that you've worked on for The New Atlantis magazine looking at the issue of how modern Americans take for granted the remarkable systems and infrastructure that provide us comfort, safety, and a sense of luxury that would've been utterly unimaginable even to the wealthiest people of a hundred years ago or 200 years ago.Let me start off by asking you: Does it matter that we do take that for granted and that we also kind of don't understand how our world works?Mann: I would say yes, very much. It matters because these systems undergird the prosperity that we have, the good fortune that we have to be alive now, but they're always one generation away from collapse. If they aren't maintained, upgraded and modernized, they'll fall apart. They just won't stand there. So we have to be aware of this. We have to keep our eye on the ball, otherwise we won't have these things.The second thing is that, if we don't know how our society works, as citizens, we're simply not going to make very good choices about what to do with that society. I feel like both sides in our current political divide are kind of taking their eye off the ball. It's important to have good roads, it's important to have clean water, it's important to have a functioning public health system, it's important to have an agricultural system that works. It doesn't really matter who you are. And if we don't keep these things going, life will be unnecessarily bad for a lot of people, and that's just crazy to do.Is this a more recent phenomenon? If I would've asked people 50 years ago, “Explain to me how our infrastructure functions, how we get water, how we get electricity,” would they have a better idea? Is it just because things are more complicated today that we have no idea how our food gets here or why when we turn the faucet, clean water comes out?The answer is “yes” in a sort of trivial sense, in that many more people were involved in producing food, a much greater percentage of the population was involved in producing food 50 years ago. The same thing was true for the people who were building infrastructure 50 years ago.But I also think it's generally true that people's parents saw the change and knew it. So that is very much the case and, in a sense, I think we're victims of our own success. These kinds of things have brought us so much prosperity that we can afford to do crazy things like become YouTube influencers, or podcasters, or freelance writers. You don't really have any connection with how the society goes because we're sort of surfing on this wave of luxury that our ancestors bequeathed to us.I don't know how much time you spend on social media, Charles — I'm sure I spend too much — but I certainly sense that many people today, younger people especially, don't have a sense of how someone lived 50 years ago, 100 years ago, and there was just a lot more physical suffering. And certainly, if you go back far enough, you could not take for granted that you would have tomatoes in your supermarket year round, that you would have water in the house and that water would be clean. What I found really interesting — you did a piece on food and a piece on water — in the food piece you note that, in the 1980s, that was a real turning point that the average person on earth had enough to eat all the time, and rather than becoming an issue of food production, it became an issue of distribution, of governance. I think most people would be surprised of that statistic even though it's 40 years old.I don't think that people realize that the fact that most people on earth, almost the average person on earth, can feed themselves is a novel phenomenon. It's something that basically wasn't true since as far back as we know. That's this enormous turning point, and there are many of these turning points. Obviously, the introduction of antibiotics for . . . public health, which is another one of these articles they're going to be working on . . .Just about 100 years ago today, when President Coolidge was [president], his son went to play tennis at the White House tennis courts, and because he was lazy, or it was fashionable, or something, he didn't put on socks. He got a blister on his toe, the toe got infected, and he died. 100 years ago, the president of the United States, who presumably had the best healthcare available to anybody in the world, was unable to save his beloved son when the son got a trivial blister that got infected. The change from that to now is mind boggling.You've written about the Agricultural Revolution and why the great fears 40 or 50 years ago of mass starvation didn't happen. I find that an endlessly interesting topic, both for its importance and for the fact it just seems to be so underappreciated to this day, even when it was sort of obvious to people who pay attention that something was happening, it still seemed not to penetrate the public consciousness. I wonder if you could just briefly talk to me about that revolution and how it happened.The question is, how did it go from “The Population Bomb” written in 1968, a huge bestseller, hugely influential, predicting that there is going to be hundreds of millions of people dying of mass starvation, followed by other equally impassioned, equally important warnings. There's one called “Famine, 1975!,” written a few years before, that predicted mass famines in 1975. There's “The Limits to Growth.” I went to college in the '70s and these were books that were on the curriculum, and they were regarded as contemporary classics, and they all proved to be wrong.The reason is that, although they were quite correct about the fact that the human race was reproducing at that time faster than ever before, they didn't realize two things: The first is that as societies get more affluent, and particularly as societies get more affluent and give women more opportunities, birth rates decline. So that this was obviously, if you looked at history, going to be a temporary phenomenon of whatever length it was be, but it was not going to be infinite.The second was there was this enormous effort spurred by this guy named Norman Borlaug, but with tons of other people involved, to take modern science and apply it to agriculture, and that included these sort of three waves of innovation. Now, most innovation is actually just doing older technologies better, which is a huge source of progress, and the first one was irrigation. Irrigation has been around since forever. It's almost always been done badly. It's almost always not been done systematically. People started doing it better. They still have a lot of problems with it, but it's way better, and now 40 percent, roughly, of the crops in the world that are produced are produced by irrigation.The second is the introduction of fertilizer. There's two German scientists, Fritz Haber and Carl Bosch, who essentially developed the ways of taking fertilizer and making lots and lots of it in factories. I could go into more detail if you want, but that's the essential thing. This had never been done before, and suddenly cheap industrial fertilizer became available all over the world, and Vaclav Smil . . . he's sort of an environmental scientist of every sort, in Manitoba has calculated that roughly 40 percent of the people on earth today would not be alive if it wasn't for that.And then the third was the development of much better, much higher-yielding seeds, and that was the part that Norman Borlaug had done. These packaged together of irrigation fertilizer and seeds yielded what's been called the Green Revolution, doubled, tripled, or even quadrupled grain yields across the world, particularly with wheat and rice. The result is the world we live in today. When I was growing up, when you were growing up, your parents may have said to you, as they did me, Oh, eat your vegetables, there are kids that are starving in Asia.” Right? That was what was told and that was the story that was told in books like “The Population Bomb,” and now Asia's our commercial rival. When you go to Bangkok, that was a place that was hungry and now it's gleaming skyscrapers and so forth. It's all based on this fact that people are able to feed themselves through the combination of these three factors,That story, the story of mass-starvation that the Green Revolution irrigation prevented from coming true. I think a surprising number of people still think that story is relevant today, just as some people still think the population will be exploding when it seems clear it probably will not be exploding. It will rise, but then it's going to start coming down at some point this century. I think those messages just don't get through. Just like most people don't know Norm Borlaug, the Haber-Bosch process, which school kids should know. They don't know any of this. . . Borlaug won the Nobel Prize, right?Right. He won the Nobel Peace Prize. I'll tell you a funny story —I think he won it in the same year that “The Population Bomb” came out.It was just a couple years off. But you're right, the central point is right, and the funny thing is . . . I wrote another book a while back that talked about this and about the way environmentalists think about the world, and it's called the “Wizard and the Prophet” and Borlaug was the wizard of it. I thought, when I proposed it, that it would be easy. He was such an important guy, there'd be tons of biographies about him. And to this day, there isn't a real serious scholarly biography of the guy. This is a person who has done arguably more to change human life than any other person in the 20th century, certainly up in the top dozen or so. There's not a single serious biography of him.How can that be?It's because we're tremendously disconnected. It's a symptom of what I'm talking about. We're tremendously disconnected from these systems, and it's too bad because they're interesting! They're actually quite interesting to figure out: How do you get water to eight billion people? How do you get . . . It is a huge challenge, and some of the smartest people you've ever met are working on it every day, but they're working on it over here, and the public attention is over here.Water infrastructure (13:11). . . the lack of decent, clean, fresh water is the world's worst immediate environmental problem. I think people probably have some vague idea about agriculture, the Agricultural Revolution, how farming has changed, but I think, as you just referred to, the second half, water — utter mystery to people. Comes out of a pipe. The challenges of doing that in a rich country are hard. The challenges doing a country not so rich, also hard. Tell me what you find interesting about that topic.Well, whereas the story about agriculture is basically a good story: We've gotten better at it. We have a whole bunch of technical innovations that came in the 20th century and humankind is better off than ever before. With water, too, we are better off than ever before, but the maddening thing is we could be really well off because the technology is basically extremely old.There's a city, a very ancient city called Mohenjo-daro that I write about a bit in this article that was in essentially on the Pakistan-India border, 2600 BC. And they had a fully functioning water system that, in its basics, was no different than the water system that we have, or that London has, or that Paris has. So this is an ancient, ancient technology, yet we still have two billion people on the planet that don't have access to adequate water. In fact, even though we know how to do it, the lack of decent, clean, fresh water is the world's worst immediate environmental problem. And a small thing that makes me nuts is that climate change — which is real and important — gets a lot of attention, but there are people dying of not getting good water now.On top of it, even in rich countries like us, our water system is antiquated. The great bulk of it was built in the '40s, '50s, and '60s, and, like any kind of physical system, it ages, and every couple years, various engineering bodies, water bodies, the EPA, and so forth puts out a report saying, “Hey, we really have to fix the US water system and the numbers keep mounting up.” And Democrats, Republicans, they all ignore this.Who is working on the water issue in poorer countries?There you have a very ad hoc group of people. The answer is part of it's the Food and Agricultural Organization because most water in most countries is used for irrigation to grow food. You also have the World Health Organization, these kinds of bodies. You have NGOs working on it. What you don't have in those countries like our country is the government taking responsibility for coordinating something that's obviously in the national interest.So you have these things where, very periodically — a government like China has done this, Jordan has done this, Bolivia has done this, countries all over the world have done this — and they say, “Okay, we haven't been able to provide freshwater. Let's bring in a private company.” And the private company then invests all this money in infrastructure, which is expensive. Then, because it's a private company, it has to make that money back, and so it charges people for a lot of money for this, and the people are very unhappy because suddenly they're paying a quarter of their income for water, which is what I saw in Southwest China: water riots because people are paying so much for water.In other words, one of the things that government can do is sort of spread these costs over everybody, but instead they concentrate it on the users, Almost universally, these privatization efforts have led to tremendous political unhappiness because the government has essentially shifted responsibility for coordinating and doing these things and imposed a cost on a narrow minority of the users.Are we finally getting on top of the old water infrastructure in this country? It seems like during the Biden administration they had a big infrastructure bill. Do you happen to know if we are finally getting that system upgraded?Listen, I will be the only person who probably ever interviews you who's actually had to fix a water main as a summer job. I spent [it at] my local Public Works Department where we'd have to fix water mains, and this was a number of years ago, and even a number of years ago, those pipes were really, really old. It didn't take much for them to get a main break.I'm one of those weird people who is bothered by this. All I can tell you is we have a lot of aging infrastructure. The last estimate that I've seen came before this sort of sudden jerky rise of construction costs, which, if you're at all involved in building, is basically all the people in the construction industry talk about. At that point, the estimate was that it was $1.2 trillion to fix the infrastructure that we have in the United States. I am sure it is higher now. I am delighted that the Biden people passed this infrastructure — would've been great if they passed permitting reform and a couple of other things to make it easier to spend the money, but okay. I would like to believe that the Trump people would take up the baton and go on this.Feeding the masses (18:20)I do worry that the kind of regulations, and rules, and ideas that we put into place to try and make agriculture more like this picture that we have in our head will end up inadvertently causing suffering for the people who are struggling.We're still going to have another two billion people, maybe, on this earth. Are we going to be able to feed them all?Yeah, I think that there's no question. The question is what we're going to be able to feed them? Are we going to be able to feed them all, filet mignon and truffled . . . whatever they put truffle oil on, and all that? Not so sure about that.All organic vegetables.At the moment, that seems really implausible, and there's a sort of fundamental argument going on here. There's a lot of people, again, both right and left, who are sort of freaked out by the scale that modern agriculture operates on. You fly over the middle-west and you see all those circles of center-pivot irrigation, they plowed under, in the beginning of the 20th century, 100 million acres of prairie to produce all that. And it's done with enormous amounts of capital, and it was done also partly by moving people out so that you could have this enormous stuff. The result is it creates a system that . . . doesn't match many people's vision of the friendly family farmer that they grew up with. It's a giant industrial process and people are freaked out by the scale. They don't trust these entities, the Cargills and the ADMs, and all these huge companies that they see as not having their interests at heart.It's very understandable. I live in a small town, we have a farm down there, and Jeremy runs it, and I'm very happy to see Jeremy. There's no Jeremy at Archer Daniels Midland. So the result is that there's a big revulsion against that, and people want to downsize the scale, and they point to very real environmental problems that big agriculture has, and they say that that is reason for this. The great problem is that in every single study that I am aware of, the sort of small, local farms don't produce as much food per acre or per hectare as the big, soulless industrial processes. So if you're concerned about feeding everybody, that's something you have to really weigh in your head, or heavy in your heart.That sort of notion of what a farm should look like and what good food is, that kind of almost romantic notion really, to me, plays into the sort of anti-growth or the degrowth people who seemed to be saying that farms could only be this one thing — probably they don't even remember those farms anymore — that I saw in a storybook. It's like a family farm, everything's grown local, not a very industrial process, but you're talking about a very different world. Maybe that's a world they want, but I don't know if that's a world you want if you're a poor person in this world.No, and like I said, I love going to the small farm next to us and talking to Jeremy and he says, “Oh look, we've just got these tomatoes,” it's great, but I have to pay for that privilege. And it is a privilege because Jeremy is barely making it and charging twice as much as the supermarket. There's no economies of scale for him. He still has to buy all the equipment, but he's putting it over 20 acres instead of 2000 acres. In addition, it's because it's this hyper-diverse farm — which is wonderful; they get to see the strawberries, and the tomatoes, and all the different things — it means he has to hire much more labor than it would be if he was just specializing in one thing. So his costs are inevitably much, much higher, and, therefore, I have to pay a lot more to keep him going. That's fine for me; I'm a middle-class person, I like food, this can be my hobby going there.I'd hate to have somebody tell me it's bad, but it's not a system that is geared for people who are struggling. There are just a ton of people all over the world who are struggling. They're better off than they were 100 years ago, but they're still struggling. I do worry that the kind of regulations, and rules, and ideas that we put into place to try and make agriculture more like this picture that we have in our head will end up inadvertently causing suffering for the people who are struggling.To make sure everybody can get fed in the future, do we need a lot more innovation?Innovation is always good. I would say that we do, and the kinds of innovation we need are not often what people imagine. For example, it's pretty clear that parts of the world are getting drier, and therefore irrigation is getting more difficult. The American Southwest is a primary candidate, and you go to the Safford Valley, which I did a few years ago — the Safford Valley is in southeast Arizona and it's hotter than hell there. I went there and it's 106 degrees and there's water from the Colorado River, 800 miles away, being channeled there, and they're growing Pima cotton. Pima cotton is this very good fine cotton that they use to make fancy clothes, and it's a great cash crop for farmers, but growing it involves channeling water from the Colorado 800 miles, and then they grow it by what's called flood irrigation, which is where you just fill the field with an inch of water. I was there actually to see an archeologist who's a water engineer, and I said to him, “Gee, it's hot! How much that water is evaporated?” And he said, “Oh, all of it.”So we need to think about that kind of thing if the Colorado is going to run out of water, which it is now. There's ways you can do it, you can possibly genetically modify cotton to use less water. You could drip irrigation, which is a much more efficient form of irrigation, it's readily available, but it's expensive. So you could try to help farmers do that. I think if you cut the soft costs, which is called the regulatory costs of farming, you might be able to pay for it in that way. That would be one type of innovation. Another type of thing you could do is to do a different kind of farming which is called civil pastoral systems, where you grow tree crops and then you grow cattle underneath, and that uses dramatically less water. It's being done in Sonora, just across the border and the tree crops — trees are basically wild. People don't breed them because it takes so long, but we now have the tools to breed them, and so you could make highly productive trees with cattle underneath and have a system that produces a lot of calories or a lot of good stuff. That's all the different kinds of innovation that we could do. Just some of the different kinds of innovation we could do and all would help.Indigenous America (25:20)Part of the reason I wrote these things is that I realized it's really interesting and I didn't learn anything about it in school.Great articles in The New Atlantis, big fan of “Wizard and the Prophet,” but I'm going to take one minute and ask you about your great books talking about the story of the indigenous peoples of the Americas. If I just want to travel in the United States and I'm interested in finding out more about Native Americans in the United States, where would you tell me to go?One of my favorite places just it's so amazing, is Chaco Canyon, and that's in the Four Corners area — that whole Four Corners area is quite incredible — and Chaco Canyon is a sign that native people could build amazing stuff, and native people could be crazy, in my opinion. It's in the middle of nowhere, it has no water, and for reasons that are probably spiritual and religious, they built an enormous number of essentially castles in this canyon, and they're incredible.The biggest one, Pueblo Bonito as it's called now, it's like 800 rooms. They're just enormous. And you can go there, and you can see these places, and you can just walk around, and it is incredible. You drive up a little bit to Mesa Verde and there's hundreds of these incredible cliff dwellings. What seems to have happened — I'm going to put this really informally and kind of jokingly to you, not the way that an archeologist would talk about it or I would write about it, but what looks like it happened is that the Chaco Canyon is this big canyon, and on the good side that gets the southern exposure is all these big houses. And then the minions and the hoi polloi lived on the other side, and it looks like, around 800, 900, they just got really tired of serving the kings and they had something like a democratic revolution, and they just left, most of them, and founded the Pueblos, which is these intensely democratic self-governing bodies that are kind of like what Thomas Jefferson thought the United States should be.Then it's like all the doctors, and the lawyers, and the MBAs, and the rich guys went up to Mesa Verde and they started off their own little kingdoms and they all fought with each other. So you have these crazy cliff dwellings where it's impossible to get in and there's hundreds of people living in these niches in these cliffs, and then that blew up too. So you could see history, democracy, and really great architecture all in one place.If someone asked me for my advice about changing the curriculum in school, one, people would leave school knowing who the heroes of progress and heroes of the Agricultural Revolution were. And I think they'd also know a lot more about pre-Columbian history of the Americas. I think they should know about it but I also think it's just super interesting, though of course you've brought it to life in a beautiful way.Thank you very much, and I couldn't agree with you more. Part of the reason I wrote these things is that I realized it's really interesting and I didn't learn anything about it in school.On sale everywhere The Conservative Futurist: How To Create the Sci-Fi World We Were PromisedFaster, Please! is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit fasterplease.substack.com/subscribe

Oh My Fraud
OMF at the Movies: The Informant!

Oh My Fraud

Play Episode Listen Later Apr 16, 2025 45:15


In this bonus episode, Caleb and his producer, Zach, discuss the 2009 film The Informant! Directed by Steven Soderbergh and starring Matt Damon, The Informant! is based on the true story of a 90s-era price fixing scheme involving the multinational food processing and commodities trading giant, Archer-Daniels Midland.(00:00) - - Welcome to Oh My Fraud at the Movies (02:45) - - Introduction to "The Informant" (2009) (06:35) - - Plot Overview and Initial Setup (12:45) - - The Price Fixing Scheme (20:35) - - The FBI Investigation (24:50) - - The Plot Twist (34:30) - - The Outcome (39:05) - - Connections to Other Fraud Cases (42:20) - - Wrap-up and Final Thoughts HOW TO EARN FREE CPEIn less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appJoin Caleb and Greg live in New Jersey NJCPA Convention & Expo [NJCPA]CONNECT WITH CALEBTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comhttps://www.imdb.com/title/tt1130080/https://en.wikipedia.org/wiki/The_Informant!

MONEY FM 89.3 - The Breakfast Huddle with Elliott Danker, Manisha Tank and Finance Presenter Ryan Huang
US Markets Wrap: High stock valuations; global fiscal and monetary policies diverging; healthcare; REITS and Real Estate; Conoco Phillips, Super Micro; Archer Daniels Midland

MONEY FM 89.3 - The Breakfast Huddle with Elliott Danker, Manisha Tank and Finance Presenter Ryan Huang

Play Episode Listen Later Mar 18, 2025 8:38


David Dietze, President of the Dietze Wealth Management Group shares his insights on whether investors should expect more bargains, or is the risk of declining profit outlooks a major concern; drop in Tesla, Palantir and Nvidia; as well as the likelihood of divergence of global fiscal and monetary policies coming on the back of European countries are ramping up defense expenditures. He also weighs in on why the healthcare, REITS and Real Estate sectors are standing out at the moment; and his stock picks for this season: Conoco Phillips (COP), Super Micro (SMCI), Archer Daniels Midland (ADM). Presented by: Emaad AkhtarProduced by: Yeo Kai Ting (ykaiting@sph.com.sg)Photo credits: pixabay & its talented community of contributorsSee omnystudio.com/listener for privacy information.

FT News Briefing
Germany's debt brake problem

FT News Briefing

Play Episode Listen Later Feb 25, 2025 10:24


The US and Europe battled in the UN and G7 over whether to blame Russia for its war against Ukraine, German election winner Friedrich Merz faces serious hurdles to boosting defence spending, and Apple said it planned to hire an additional 20,000 staff in the US over the next four years. Plus, US commodities trader Archer Daniels Midland has pledged to stick with its climate commitments, despite looser regulations under President Donald Trump.Mentioned in this podcast:Europe and US clash over Ukraine in G7 and UNDebt and defence worries for Friedrich Merz after AfD and far left make gainsApple announces plans to create 20,000 US jobs in pitch to Donald TrumpADM pledges to stick to climate goals as Donald Trump divides corporate worldThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Crimes of the Centuries
S4 Ep45: The Lysine Cartel: How an Informant (Sloppily) Exposed Archer Daniels Midland

Crimes of the Centuries

Play Episode Listen Later Feb 10, 2025 49:26


Mark Whitacre, a high-ranking exec at the agribusiness company Archer Daniels Midland, approached the FBI with some scandalous news: His employer was part of an international cartel illegally inflating the cost of lysine, an additive used in animal feed. What Whitacre ultimately helped uncover landed more than just his bosses in prison. "Crimes of the Centuries" is a podcast from Grab Bag Collab exploring forgotten crimes from times past that made a mark and helped change history. You can get early and ad-free episodes on the Grab Bag Patreon page.  DON'T FORGET ABOUT THE CRIMES OF THE CENTURIES BOOK!  Order today at www.centuriespod.com/book (https://www.centuriespod.com/book)! Follow us on Instagram and Twitter: @centuriespod Episode Sponsors: Skims. The Fits Everybody collection is available in sizes XXS to 4X. You can shop now at SKIMS.com and SKIMS stores. After you place your order, be sure to let them know I sent you! Select "podcast" in the survey and be sure to select my show in the dropdown menu that follows. And if you are looking for the perfect gift for your Valentine or for yourself - SKIMS just launched their best Valentine's Shop ever! Available in sizes for women, men, and kids. Fay Nutrition. Listeners of Crimes of the Centuries can qualify to see a registered dietitian for as little as $0 by visiting FayNutrition.com/COTC. Wildgrain. For a limited time, Wildgrain is offering our listeners $30 off the first box - PLUS free Croissants in every box - when you go to Wildgrain.com/COTC to start your subscription.

Wintrust Business Lunch
Wintrust Business Minute: Archer Daniels Midland is preparing for layoffs

Wintrust Business Lunch

Play Episode Listen Later Feb 5, 2025


Steve Grzanich has the business news of the day with the Wintrust Business Minute. Agricultural producer Archer Daniels Midland is preparing to layoff as many as 700 employees. The Chicago-based company is looking to cut costs, after disappointing earnings in 2024. The layoffs will be worldwide, including suburban locations and downstate Decatur. The company is […]

Grain Markets and Other Stuff
Soybean Prices are Down, but it's NOT Trump's Fault

Grain Markets and Other Stuff

Play Episode Listen Later Dec 3, 2024 10:52


Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.

Grain Markets and Other Stuff
Seriously, Is Trump Really THAT BAD for Grain Prices??

Grain Markets and Other Stuff

Play Episode Listen Later Nov 14, 2024 13:13


*Correction at the top of the episode- Today's date is Thursday, November 14th.Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.

POLITICO Energy
Is the global climate community prepared for Donald Trump's return? 

POLITICO Energy

Play Episode Listen Later Oct 3, 2024 8:33


According to dozens of interviews and conversations at last week's United Nations General Assembly and New York Climate Week, the international climate movement doesn't have a concrete strategy if Donald Trump returns to the White House. POLITICO's Zack Colman breaks down why the climate world doesn't have a plan for Trump 2.0. Plus, Archer Daniels Midland has temporarily paused carbon sequestration at its first-in-the-nation injection site in Illinois after discovering a leak at a second monitoring well. Zack Colman covers climate change for POLITICO.  Nirmal Mulaikal is a POLITICO audio host-producer.  Annie Rees is the managing producer for audio at POLITICO. Gloria Gonzalez is the deputy energy editor for POLITICO.  Matt Daily is the energy editor for POLITICO. For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Learn more about your ad choices. Visit megaphone.fm/adchoices

Embracing Brokenness Ministries
124. FBI Informant | Mark Whitacre

Embracing Brokenness Ministries

Play Episode Listen Later Sep 9, 2024 64:34


Mark Whitacre is the highest-level executive to ever turn whistleblower in U.S. history. His undercover work with the FBI during the ADM scandal inspired the major motion picture, "The Informant," starring Matt Damon as Mark Whitacre. And was the inspiration for the Discovery Channel Documentary, titled "Undercover" which is linked below. In this podcast, Mark recounts his early years, education, career, and time with Archer Daniels Midland. He shares how his life was transformed when he found faith in prison and has since dedicated his life to serving others and spreading the message of redemption through Jesus Christ. Mark's Authorized Biography - Against All Odds - https://a.co/d/7ddvWr9 Discovery Channel Documentary - Undercover - https://vimeo.com/416514389 Chapters 00:00 Introduction: Mark Whitaker's Background 19:19 Living Large: The Temptations of Wealth 29:42 A Conscience Awakened: Ginger's Conviction 32:36 Exposing the Corruption 35:02 Wearing a Wire and Gathering Evidence 37:47 The Dangers and Toll of Being an Informant 46:18 Choosing Trial Over a Plea Agreement 51:28 Finding Faith and Redemption 56:20 Living a Life of Significance --- Support this podcast: https://podcasters.spotify.com/pod/show/embracing-brokenness/support

Dr. Berg’s Healthy Keto and Intermittent Fasting Podcast
The Most Powerful Group behind What You Eat

Dr. Berg’s Healthy Keto and Intermittent Fasting Podcast

Play Episode Listen Later Jul 13, 2024 6:33


Today, we're going to talk about the most powerful group in the food industry—the four companies control 90% of the grain trade. This includes products made from corn, soy, wheat, sugar, and rice, which comprise about 68% of the average person's calories in the United States. The 4 following companies are the middleman between farmers and food corporations: 1. Archer Daniels Midland 2. Bunge 3. Cargill 4. Louis Dreyfus There is a lot of corruption in the food industry. Many “junk food brands” also own organic and natural brands, pet food, and vitamin and supplement companies. Starches, sugars, and seed oils are the main ingredients in almost all ultra-processed foods. The sugar is used to keep you wanting more, seed oils are repurposed waste, and starches are a chain of sugars used as a filler. Starches cause more of an insulin spike than sugar. Sugar has a glycemic index of 65 compared to 185 for maltodextrin! Fillers and starches can cause major health problems. The market follows the demand, so what you choose to buy is important! If you stop buying these products, you decrease the demand.

WSJ Minute Briefing
U.S. Inflation Rose to 3.2% in February

WSJ Minute Briefing

Play Episode Listen Later Mar 12, 2024 2:32


Plus: President Biden and former President Trump could win enough delegates in today's primaries to become their parties' presumptive nominees. Archer Daniels Midland says it is facing a Justice Department investigation for its accounting practices. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Canadian Investor
Tesla Slumps, Shipping Woes, and Leon's Real Estate Leap

The Canadian Investor

Play Episode Listen Later Feb 1, 2024 58:48


In this episode, we dive into the Bank of Canada's decision to maintain its policy rate at 5%, Tesla's challenging earnings report, the impact of shipping issues on the global economy, Leon's Furniture's surprising move into real estate development, the performance of Canadian National Railway, and the unfolding accounting issues at Archer Daniels Midland. Additionally, we provide a comprehensive review of ASML's Q4 and full-year earnings, shedding light on their pivotal role in the semiconductor industry. Tickers of stock discussed: TSLA, LNF.TO, CNR.TO, ADM, ASML Check out our portfolio by going to Jointci.com Our Website Canadian Investor Podcast Network Twitter: @cdn_investing Simon's twitter: @Fiat_Iceberg Braden's twitter: @BradoCapital Dan's Twitter: @stocktrades_ca Want to learn more about Real Estate Investing? Check out the Canadian Real Estate Investor Podcast! Apple Podcast - The Canadian Real Estate Investor  Spotify - The Canadian Real Estate Investor  Sign up for Finchat.io for free to get easy access to global stock coverage and powerful AI investing tools. Register for EQ Bank, the seamless digital banking experience with better rates and no nonsense.See omnystudio.com/listener for privacy information.

Alles auf Aktien
200 Prozent bei Trump-Aktie und 11 Tech-Titel mit Potenzial

Alles auf Aktien

Play Episode Listen Later Jan 23, 2024 16:41


In der heutigen Folge von „Alles auf Aktien“ sprechen die Finanzjournalisten Anja Ettel und Holger Zschäpitz über das Vorstandsbeben bei Aurubis, einen historischen Crash bei Archer Daniels-Midland, einen dreistelligen Millionengewinn für Mr Beast und wir erklären euch, warum der Bitcoin trotz ETF-Zulassung unter die 40k Dollar gefallen ist. Außerdem geht es um Samsung SDI, Samsung Electronics Panasonic, LG Electronics, Oracle, STMicroelectronics, Infineon, Nvidia, Teledyne, BYD, On Semi, Trimble, Synopsis, Grayscale Bitcoin Trust, ProShares Bitcoin Strategy ETF (WKN: A3C5PZ), SPDR Gold ETF (GLD) (WKN: A0Q27V), iShares Bitcoin ETF (WKN: A3ERHE), Fidelity Wise Origin Bitcoin ETF (ISIN: US3159481098), Bitwise Bitcoin ETF (ISIN: US09174C1045) und ARK 21shares Bitcoin (WKN: A2T64E), VanEck Bitcoin Trust (WKN: A4018S). Wir freuen uns an Feedback über aaa@welt.de. Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hier findet ihr alle AAA-Bonus-Episoden bei WELT – dazu den AAA-Newsletter und noch weitere WELTplus-Inhalte: https://www.welt.de/podcasts/alles-auf-aktien/plus247399208/Boersen-Podcast-AAA-Bonus-Folgen-Jede-Woche-noch-mehr-Antworten-auf-Eure-Boersen-Fragen.html Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. Außerdem bei WELT: Im werktäglichen Podcast „Das bringt der Tag“ geben wir Ihnen im Gespräch mit WELT-Experten die wichtigsten Hintergrundinformationen zu einem politischen Top-Thema des Tages. Mehr auf welt.de/kickoff und überall, wo es Podcasts gibt. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? Hier findest du alle Infos & Rabatte! https://linktr.ee/alles_auf_aktien Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

WSJ Minute Briefing
Dow Closes Above 38000 for First Time

WSJ Minute Briefing

Play Episode Listen Later Jan 22, 2024 2:22


Plus: Apple's market cap rises back above $3 trillion, MarketWatch reports. Shares of Archer Daniels Midland fall 24% as the company investigates its accounting practices. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Mercado Abierto
Apertura de Wall Street

Mercado Abierto

Play Episode Listen Later Jan 22, 2024 4:59


El S&P 500 sigue su senda alcista tras marcar máximos históricos el viernes. En el ámbito empresarial, protagonismo para Archer-Daniels-Midland.

CISO's Secrets
S5.E6 - Thomas Dager - CISO at Archer Daniels Midland (ADM) Company

CISO's Secrets

Play Episode Listen Later Dec 21, 2023 43:50


In this week's episode of CISO's Secret, Cyber Security Evangelist Grant Asplund hosts Thomas Dager  - CISO at Archer Daniels Midland (ADM) Company ADM is one of the world's largest nutrition companies - committed to people, communities and the planet, and offering sustainable, innovative solutions to meet the world's most fundamental needs for food, drink and more. CISO's Secrets Podcast is powered by Infinity Global Services (IGS).Visit CISO ACADEMY to access additional learning opportunities for C level executives

Wintrust Business Lunch
Wintrust Business Minute: Illinois businesses exceed third quarter earnings expectations

Wintrust Business Lunch

Play Episode Listen Later Oct 24, 2023


Dave Schwan has the business news of the day with the Wintrust Business Minute. There are a lot of third quarter earnings reports out today and lot of them exceed expectations. Among them is agribusiness giant Archer Daniels Midland with offices in Chicago and Decatur. On a per-share basis ADM had a profit of a […]

Pro Bono Happy Hour
9/21/23 Pro Bono Immigration Clinics: PBI Signatory Showcase Featuring Archer-Daniels-Midland Company and Skadden

Pro Bono Happy Hour

Play Episode Listen Later Sep 21, 2023 18:48


ADM and Skadden formed a pro bono partnership in 2019 to create a series of pro bono days of service, including clinics hosted in Skadden's office. Since then, they have provided pro bono legal assistance to an array of clients – and over the years the partnership has averaged in assisting 12 to 40 individuals during each clinic. ADM and Skadden have worked most recently with the National Immigrant Justice Center to assist immigrants who had obtained asylee or refugee status in filing their green card applications. Find out more about this impactful project.

Boardroom Governance with Evan Epstein
Sean Berkowitz and Kate O'Leary: Succession (Season 3)

Boardroom Governance with Evan Epstein

Play Episode Listen Later Sep 11, 2023 70:45


0:00 -- Intro. *reference to our episodes reviewing Succession Season 1: E98 of this podcast (May 22, 2023) and Season 2: E102 (June 26, 2023).2:00 -- Start of interview. 3:50 -- About Sean Berkowitz and the Enron Case: prosecuting Ken Lay and Jeff Skilling (2006).7:05 -- On whistleblowers and avoiding retaliation. "Whistleblowers are one of the trickiest things you can deal with as counsel representing a corporation."11:05 --  Kendall's whistleblower scenario. Conducting internal investigations.15:02 -- On government relations and political interference with federal investigations. "It essentially doesn't work." "The discretion and judgment of a line prosecutor is always going to rule the day."17:22 -- Cooperating with Federal investigations. 21:12 -- The role of the board of a public company under federal investigation.22:52 -- On "shifting to legals", internal investigations by outside counsel, and creating a special committee of the board to remove conflicts of interest.29:16 -- Explaining joint defense agreements. The Archer-Daniels-Midland case (reference to movie The Informant).33:34 -- On the link between good governance and how shareholders value the company, including activists (Josh Aronson scene) and the proxy battle.43:36 -- On sexual harassment complaints (situation between Roman and Gerri involving explicit pictures). The factor of CEO succession and how the board should conduct their selection.50:30 -- On potential GoJo red flags and need for due diligence, including leadership assessment and kicking the tires on their numbers. What could/should board be doing in this situation?55:33 -- Dealing with moguls and founders like Lukas Matsson. "I think that one of the elements at the heart of corporate governance is personal integrity and character... and Matsson is not a good guy."59:49 -- Family governance within public companies. "Ultimately it all comes down to the documents: who can vote what, who has control, who has the ability in a tie break, etc." The problem with "rubber stamping boards." Question: "would any of us invest in a company run by Kendall or Roman?"01:06:11 -- Kendall's Unreliable Testimony to the DOJ ("Queen for a day" opportunity) and Preparation Failure.Kate O'Leary is the Global Executive Litigation Counsel at General Electric Company.Sean Berkowitz is a Partner at Latham & Watkins and the Global Chair of the Complex Commercial Litigation Practice. He represents clients in complex litigation and regulatory investigations.__ You can follow Evan on social media at:Twitter: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

WBBM Newsradio's 4:30PM News To Go
8 injured after explosion at Archer Daniels Midland Company plant in Decatur

WBBM Newsradio's 4:30PM News To Go

Play Episode Listen Later Sep 11, 2023 6:12


Also in the news: Black Restaurant Week has begun in Chicago; Two businesses vandalized by as many as 15 people in Andersonville; Two injured after fire in a South Side high-rise building and more.

WBBM All Local
8 injured after explosion at Archer Daniels Midland Company plant in Decatur

WBBM All Local

Play Episode Listen Later Sep 11, 2023 6:12


Also in the news: Black Restaurant Week has begun in Chicago; Two businesses vandalized by as many as 15 people in Andersonville; Two injured after fire in a South Side high-rise building and more.

WBBM Newsradio's 8:30AM News To Go
8 injured after explosion at Archer Daniels Midland Company plant in Decatur

WBBM Newsradio's 8:30AM News To Go

Play Episode Listen Later Sep 11, 2023 6:12


Also in the news: Black Restaurant Week has begun in Chicago; Two businesses vandalized by as many as 15 people in Andersonville; Two injured after fire in a South Side high-rise building and more.

Braving Business: Tales of Entrepreneurial Resilience and Courage in the Face of Adversity
Francisco Sanchez, U.S. Under Secretary of Commerce for Trade, Co-Head of Global Trade at Holland & Knight

Braving Business: Tales of Entrepreneurial Resilience and Courage in the Face of Adversity

Play Episode Listen Later Sep 1, 2023 41:49


Francisco J. Sánchez served as the U.S. Under Secretary of Commerce for Trade until 2013, a role former President Barack Obama nominated him to in 2009. As Under Secretary, Mr. Sánchez led the International Trade Administration in its efforts to improve the global business environment by helping U.S. businesses compete abroad and was one of the architects of President Obama's National Export Initiative, with the goal of doubling U.S. exports by the end of 2014.During the Clinton Administration, Mr. Sánchez served in the White House as a special assistant to former President Bill Clinton, and chief of staff to the Special Envoy to the Americas. He then served as assistant secretary at the U.S. Department of Transportation (DOT), before returning to the private sector.Currently the co-head of the International Trade practice at Holland & Knight, he is also an entrepreneur and investor. He co-founded NorthStar Bank in Tampa, Florida, which was later sold to Seacoast Bank, as well as CNS Global Consulting Group. Until recently, he was on the board of directors of Archer Daniels Midland. He is also a good friend and business partner of host Tal Zlotnitsky, and is the co-founder and Chairman of Tal's new startup – still in stealth mode -- Breez AI.Join a remarkable interview about life, inspiration, overcoming imposter syndrome and leading with love.

Global Value
Is Archer-Daniels-Midland Stock a Buy Now!? | Archer-Daniels-Midland (ADM) Stock Analysis! |

Global Value

Play Episode Listen Later Aug 25, 2023 11:14


In this video, we'll perform an ADM stock analysis and figure out what Archer-Daniels-Midland Company looks like based on the numbers. We'll also try to figure out what a reasonable fair intrinsic value is for Archer-Daniels-Midland. And answer is Archer-Daniels-Midland one of the best stocks to buy at the current price? Find out in the video above! Global Value's Archer-Daniels-Midland stock analysis. TIKR is the website I use for financial data in my videos. Join me and thousands of investors worldwide by using TIKR in your investment analysis. All funds from referrals directly support the channel to improve video quality! Referral link - https://www.tikr.com/globalvalue Check out Seeking Alpha Premium and score a 14-day free trial. Plus all funds from affiliate referrals go directly towards supporting the channel! Affiliate link - https://www.sahg6dtr.com/H4BHRJ/R74QP/ If you'd like to try Sharesight, please use my referral link to support the channel! https://www.sharesight.com/globalvalue (remember you get 4 months free if you sign up for an annual subscription!) Discover new investing resources and directly support the channel by shopping my Amazon storefront! All commissions are reinvested to improve the quality of videos! https://www.amazon.com/shop/globalvalue Archer-Daniels-Midland ($ADM) | Archer-Daniels-Midland Stock Fundamental Analysis | Archer-Daniels-Midland Stock Dividend Analysis | Archer-Daniels-Midland Dividend Analysis | $ADM Dividend Analysis | Archer-Daniels-Midland Fair Value | ADM Intrinsic Value | ADM Fair Value #Archer-Daniels-Midland #ADM #ADMstock #archerdanielsmidland #stockmarket #dividend #stocks #investing #valueinvesting #dividendstocks #dividendkings #investor #valueinvestor #stockanalysis #dividend #dividends #dividendstocks2023 (Recorded July 22, 2023) ❖ MUSIC ❖ ♪ "Lift" Artist: Andy Hu License: Creative Commons Attribution 3.0 ➢ https://creativecommons.org/licenses/by/3.0/legalcode ➢ https://www.youtube.com/watch?v=sQCuf...

Alles auf Aktien
Super-Zyklus für Agrar-Aktien und Merch-Effekt durch Barbie

Alles auf Aktien

Play Episode Listen Later Jul 21, 2023 20:28


In der heutigen Folge „Alles auf Aktien“ sprechen die Finanzjournalisten Anja Ettel und Daniel Eckert über Börsenbeifall für Johnson&Johnson, den Margenknick bei Tesla und dunkle Clouds über SAP. Außerdem geht es um Software AG, Vitesco, Borussia Dortmund, PNE, Netflix, Mosaic, Deere&Co, Archer Daniels Midland, Bunge, Baywa, K+S, Bayer, iShares Agribusiness (WKN: A1JKQK), Corteva, DWS Agribusiness (WKN: DWS0BU), Nutrien, CF Industries, Tyson Foods, AGCO, VW, Northrop Grumman, Kubota, FMC, Beyond Meat, Oddity, Mattel und Aston Martin. Wir freuen uns an Feedback über aaa@welt.de. Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. Außerdem bei WELT: Im werktäglichen Podcast „Kick-off Politik - Das bringt der Tag“ geben wir Ihnen im Gespräch mit WELT-Experten die wichtigsten Hintergrundinformationen zu einem politischen Top-Thema des Tages. Mehr auf welt.de/kickoff und überall, wo es Podcasts gibt. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? Hier findest du alle Infos & Rabatte! https://linktr.ee/alles_auf_aktien Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

Agripod
New vaccine manufacturing facility AND ADM acquires Prairie Pulse

Agripod

Play Episode Listen Later Jul 13, 2023 20:27


The Vaccine and Infectious Disease Organization, on the campus of the University of Saskatchewan, has completed the construction and commissioning of its new on-site pilot scale vaccine manufacturing facility. VIDO Director and CEO Dr. Volker Gerdts says it's one of the most versatile vaccine manufacturing facilities in the world. He explains having access to inhouse manufacturing will speed up the development and testing of new vaccines. AND A global leader in agricultural origination and processing and supply chain management, has purchased a pulse crop cleaning, milling, and packaging facility in Saskatchewan. With the acquisition of Prairie Pulse, Archer Daniels Midland or ADM will double the company's processing in the region. Aaron Brown is ADM's Western Canada Commercial Manager. He'll tell us about the how the pulse dehulling and splitting facility transforms lentils, chickpeas, and peas into shelf- and food-ready products for domestic and international consumption.See omnystudio.com/listener for privacy information.

Acton Line
The Informant's Path to Faith and Redemption

Acton Line

Play Episode Listen Later Jun 28, 2023 54:14


Today's episode starts with a clip from the trailer for 2009 comedy/drama “The Informant!,” directed by Steven Soderbergh and starring Matt Damon, Scott Bakula, Joel McHale, and Melanie Lynskey. It's a wild based-on-a-true-story film about Mark Whitacre. In the early-1990s, Whitacre was the corporate vice president and President of the BioProducts Division of the agro-business giant Archer Daniels Midland. Whitacre would go on to become an informant in the FBI investigation into a conspiracy to price-fix lysine, an essential amino acid. At the same time he was informing on his employer to the FBI, Whitacre was embezzling $9 million from ADM in a kickbacks and money laundering scheme. It all came to an end a few years later when ADM settled federal charges for more than $100 million and paid hundreds of millions of dollars more to plaintiffs and customers to settle class-action lawsuits. In 1998, Whitacre pled guilty to tax evasion and fraud and was sentenced to nine years in prison.But what marked the end of this tumultuous period in Mark Whitacre's life also marked the beginning of his journey to his Christian faith, redemption, and a series of second chances.Today, Eric Kohn talks with Mark Whitacre about his time as a corporate executive, his time as an FBI informant, his time in federal prison, and how all of this brought him to his Christian faith that he now integrates into his corporate work.Subscribe to our podcastsThe Informant! TrailerMarkWhitacre.com Hosted on Acast. See acast.com/privacy for more information.

Alles auf Aktien
Kurzzeit-Schock in Russland und die dicksten Börsen-Kartoffeln

Alles auf Aktien

Play Episode Listen Later Jun 26, 2023 19:01


In der heutigen Folge „Alles auf Aktien“ sprechen die Finanzjournalisten Lena Zimmermann und Laurin Meyer über zunehmende Rezessionssorgen, gebrochene Flügel bei Siemens Energy und den Pride-Frust der Starbucks-Mitarbeiter. Außerdem geht es um SMA Solar, Commerzbank, Sberbank, Lukoil, Yandex, Gazprom, Bayer, Archer Daniels Midland, FMC, Corteva Agriscience, Deere, Bioceres Crop Solutions, iShares Agribusiness (WKN: A1JKQK), Endeavor, WWE. Wir freuen uns an Feedback über aaa@welt.de. Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

Delighted Customers Podcast
The Biggest Obstacles to Successful Change Initiatives - with Amanda Schmoldt, CCMP, President, ACMP

Delighted Customers Podcast

Play Episode Listen Later Jun 8, 2023 33:03


What are the biggest obstacles to successful change initiatives?Amanda Schmoldt has the expertise and experience that only comes from successfully leading change management initiatives at some of the most respected brands in the world like USAA and Neiman Marcus. Not only is she the President of the Association of Change Management Professionals, but she's also the Senior Director of Change and Transformation Enablement at Halo Branded Solutions. Customer Experience Management (CXM) and Change Management (CM) are kindred spirits and have a lot in common.We explore the intersection of both professions as well as some other practical advice for leaders such as:

Brownfield Ag News
The economic impact of Green Bison Soy Processing in North Dakota

Brownfield Ag News

Play Episode Listen Later Jun 8, 2023 3:59


Progress on the Green Bison Soy Processing Plant, a joint venture between Archer Daniels Midland and Marathon Petroleum Corporation, continues in Spiritwood, North Dakota. In this episode of Fueling Conversations, Green Bison Soy Processing President Mike Keller discusses how the $352 million project will feature state-of-the-art technology to process up to 150,000 bushels of local soybeans a day. The facility will produce soybean meal as well as refined soybean oil for renewable diesel.For more information visit www.cleanfuels.org/. For Green Bison Soy Processing call 800-475-4291 or email GBSP@greenbisonsoyprocessing.com.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Underbelly
S1 05: The Informant?

Underbelly

Play Episode Listen Later May 17, 2023 37:54


Within a week of breaking the story, the press learned that the FBI came to Chicago's exchanges partly in response to a complaint from a powerful agricultural company called Archer Daniels Midland. While that remains the popular narrative, Anjay's sources convince him that the government has managed for decades to keep something about this case secret—but what, exactly? In this episode, we learn about the government's attempts to get T-Bun and Ray Pace to cooperate with the investigation, and Anjay gets in touch with the guy who did. Notes: You can find episode transcripts and more on our website at https://www.entropymedia.art/brokers-bagmen-moles. Learn more about your ad choices. Visit megaphone.fm/adchoices

Global Value
Archer-Daniels-Midland Stock Analysis | ADM Stock Analysis

Global Value

Play Episode Listen Later May 4, 2023 15:38


In this video, we'll perform an ADM stock analysis and figure out what the company looks like based on the numbers. We'll also try to figure out what a reasonable fair value is for Archer-Daniels-Midland Company. And answer is ADM one of the best dividend aristocrat stocks to buy at the current price? And is Archer-Daniels-Midland a future Dividend King? Find out in the video above! Global Value's Archer-Daniels-Midland Company stock analysis. Check out Seeking Alpha Premium and score an annual plan for just $119 - that's 50% off! Plus all funds from affiliate referrals go directly towards supporting the channel! Affiliate link - https://www.sahg6dtr.com/H4BHRJ/R74QP/ If you'd like to try Sharesight, please use my referral link to support the channel! https://www.sharesight.com/globalvalue (remember you get 4 months free if you sign up for an annual subscription!) Archer-Daniels-Midland Company ($ADM) | Archer-Daniels-Midland Company Stock Value Analysis | Archer-Daniels-Midland Company Stock Dividend Analysis | AD Dividend Analysis | $ADM Dividend Analysis | Archer-Daniels-Midland Company Intrinsic Value | ADM Intrinsic Value | $ADM Intrinsic Value | Archer-Daniels-Midland Intrinsic Value | Archer-Daniels-Midland Company Discounted Cash Flow Model | Archer-Daniels-Midland Company DCF Analysis | ADM Discounted Cash Flow Analysis | ADM DCF Model (Recorded October 5, 2022) ❖ MUSIC ❖ ♪ "Lift" Artist: Andy Hu License: Creative Commons Attribution 3.0. ➢ http://creativecommons.org/licenses/b... ➢ https://www.youtube.com/watch?v=sQCuf...

The Kingdom Investor
48 - From His Own Private Jet to 8 Years in Prison | Mark Whitacre

The Kingdom Investor

Play Episode Listen Later Feb 14, 2023 39:07 Transcription Available


Few people's life stories are as spectacular as Mark Whitacre's to merit a Hollywood movie and a Discovery Channel documentary. With a cinematic landscape characterized by excesses of wealth, power, and corporate greed, and a thrilling fall and redemption arc, it's hard not to be enthralled. Today, Mark joins us to tell his remarkable story. In this first episode of a two-part interview, we'll hear how God radically intervened in his life,  from a university student who rejected faith to becoming an ultra-successful corporate executive and eventually getting caught up in a massive price-fixing case and becoming the highest-level corporate executive in U.S. history to become an FBI whistleblower. Listen as he reflects on his journey to the top of the biotech industry, his rise at ADM, Archer-Daniels-Midland achieving opulent material wealth and success to his downfall as we end this episode with Mark preparing to serve his eight-and-a-half year prison sentence. Key Points From This Episode: Mark shares snapshots of his personal background and life story, the cinematic, thrilling parts of it were turned into a movie, “The Informant!”Mark grew up attending church with his parents but becomes an atheist as he pursued his Ph.D. in biochemistry and entered the biotech industry abetted by the belief that a scientist cannot believe in God.At 32, Mark becomes division president and corporate vice president at ADM, Archer-Daniels-Midland, a $70 billion Fortune 500 company, makes seven figures annually, gets his own private jet, and buys the former CEO's mansion. Mark's wife, Ginger, becomes a Christian, and takes care of their 3 kids but longs to live a simpler life as a good steward for God. After two years at ADM, Mark was let in on the company's illegal activity – an international price-fixing cartel on food additives and becomes involved.Upset that Mark has become involved in fraud, Ginger pressures Mark to turn himself in and report the crime to the FBI.In exchange for immunity, Mark agrees to become a cooperating witness for the FBI, acts as an informant, and wears a wire for three years from 1992 to 1995 to monitor the meetings of the cartel.The case of one of the largest international cartels in history was prosecuted.Mark experiences intense stress and fear for his and his family's life while acting as an FBI informant.While an FBI informant, Mark embezzles millions of dollars from his company, loses his legal immunity, is offered a six-month plea agreement, refuses it, and fights his case in court.Mark loses his legal battle and prepares to go to prison for eight and a half years.Tweetables:“Greed blinds you.” “I couldn't understand how she was always so content with what she had. What I wanted was more and more.”“Prison is going to be the beginning of your life. And you're going to find your true purpose in life with the journey you're ready to start.”Links Mentioned in Today's Episode:Mark Whitacre websiteThe Kingdom Investor Podcast on LinkedIn About Mark WhitacreMark Whitacre is the highest-level executive to ever turn whistleblower in U.S. history. His undercover work with the FBI during the Archer Daniels Midland (ADM) scandal was the inspiration for the major motion picture, "The Informant," starring Matt Damon as Mark Whitacre and was the inspiration for the Discovery Channel Documentary, titled "Undercover". Drawing from his unique history, Mark provides one-of-a-kind insight into corporate ethics, corporate greed, and the warning signs of flawed corporate leadership.

The Leading Voices in Food
E191: Is today's food waste a consequence of historical public policy

The Leading Voices in Food

Play Episode Listen Later Dec 14, 2022 25:37


Today's podcast is part of a series on food waste. When farmers produce more of a product than people are willing to buy, or when the demand for a product falls unexpectedly, food is wasted. What role do agricultural policies and politics play in creating and perpetuating cycles of supply challenges? Our guest today is Dr. Garrett Graddy-Lovelace of American University. Garrett is an agricultural policy expert and she studies the problem of food gluts through the lens of social sciences, international affairs, history and analysis of USDA data. Interview Summary   This podcast is co-sponsored by the Recipes Food Waste Research Network led by American University and funded by the National Science Foundation.   Norbert: Garrett, from your perspective, why do you think a historical policy analysis is useful in discussions of contemporary issues of food waste and loss?   It's a crucial question. The current situation of wasted food is uniquely contemporary and it's unprecedented, but its root causes have long roots. On one hand, there's a complicated but telling geography kind of spatial aspect to the wasted food fiasco we're in. We have vast global supply chains with pinch points of precarity. There are so few processors to butcher and process such vast quantities of meat. So few mega ports for all of these millions of shipping containers. So few companies owning all these markets and so few grain storage facilities for these mountains of corn and soy. So it's a spatial situation. But, it is also a historical situation. There are conditions and incentives driving commodity crop production and overproduction right now that have deep roots in US history, in global history, even in colonial history. So historical perspectives are crucial to help tell the why and the how. The current situation in configuration might seem natural or inevitable, but unpacking how we got here helps us understand, dismantle and reconfigure the policies, political economies and paradigms that got us in to this mess.   Brenna: Those are really interesting perspectives, Garrett, and I'm looking forward to hearing more. So since we are on the topic of policy now, how do you think Ag policy and particularly the Farm Bill has shaped or created food waste?   Good question. So the broader World Trade Organization began in the mid '90s and it's an extension of the general agreement on tariffs and trades, which was the Bretton Woods's Post World War II, World War I set of international governance paradigms. It really liberalized agricultural trade and arguably neoliberalized it. And so it set in motion a whole situation that we're in now which deregulated national and federal government policies around supply coordination, supply management. So from the mid '90s on, you've got a set of policies around the world that really opened up trade. But, it also opened up the incentives to compete with each other around the world. So farmers were competing with each other in this arguably race to the bottom of farm gate prices, which incentivized cycles of overproduction that we're in now. The policy shifts that happened domestically, and all of these countries around the world, emerged from the paradigms of the mid '90s. The WTO and the broader focused on moving enormous quantities of commodity crops around the world in a comparative advantage model. But it ended up creating enormous quantities of food circulating around the world that then is very conducive to supply chain gluts and to pinch points where there are blocks and a precarity that we're in now.   Norbert: Thank you for that. I would love for you to point out one particular historical policy that you think is critical for us to understand this.   The elimination of export subsidies was crucial and many of the intentions behind what ended up becoming the WTO were actually about decreasing dumping. So the anti-dumping measures are so crucial as a broader paradigm and a governance goal. But as you know better than others as Ag economists, the loopholes allowed for some countries like the US to continue overproducing a certain commodity crop and then offshoring it through complicated ways that were not explicit subsidization of exports. So the ending of export subsidies is a universal good, but it did not end the broader problem. And obviously, this is a exceptionally complicated topic, but the broader question of policy needs to be contextualized within political economy. So there's a set of political economies at work that we're in now, which gives inordinate power to private industry in terms of input suppliers and in terms of commodity crop purchasers. As a result, the situation we're in now is that you have a handful of firms who are price setters and they can really decide the price of inputs and the farm gate price of various commodity crops. And the broader configuration is that farmers are squeezed around the world with expectations and incentives of expensive input purchases, annually purchased inputs, and then farm gate prices that don't cover the cost of the production. So that's a political economic situation. The question is what's the role of policy? I think what's interesting for me and for Norbert and for others in our research team is that there's a long history of policies, governmental policies particularly in the United States, that have attempted to protect farmers from this squeeze. This treadmill of buying more inputs and trying to sell more and growing more to cover the cost of what they've invested in that particular season. And, it lends itself to overproduction unless there's a way to mitigate that kind of treadmill cycle of overproduction. So, the policies that we're interested in began in the 1920s and the 1930s which we'll talk about with the Agricultural Adjustment Act. They really were ended in the WTO in a convoluted way in the attempt to end trade distortions. There was a way in which the corporate interests or the private firms gained even more power and say in the broader trade and agricultural economics and practices around the world. I think the WTO is so fascinating because the intentions behind it are truly important. And many of the measures like the anti-dumping and the ending of subsidized, explicitly subsidized exports which are so deleterious, so destructive to local farm economies around the world were mitigated, but the loopholes have grown. And actually the disparity between kind of corporate interests and the private firms and farmers themselves, small and medium-sized farmers has grown even more egregious. So, the role of policy in that I think is what we're analyzing today.   Norbert: Garrett, you've done archival work looking at agricultural policy from the Agricultural Adjustment Act, the original Farm Bill legislation from 1933. What has inspired you to see food waste and loss as a critical issue?   It's a great question. The Farm Bill in its current iteration enables and exacerbates wasted food. But it would be, I think, reductive to say it causes it and stop the analysis there. So, this kind of takes some historical analysis. We're going to go back to the archives, but before we do, we kind of think about the 20th century. Over the course of the 20th century, the Farm Bill has become a behemoth mechanism for disposing of surplus commodity crop production. So if you think about Title I, Commodity, and Title II, Conservation, those actually have at their origin - the beating heart of the Farm Bill - an attempt to prevent another great depression economically, that's a commodity title, and another Dust Bowl. That is the environmental impacts of overproduction, Title II, conservation. So there was a supply management coordination attempt to end overproduction and end the price fallout of overproduction woven into the heart of Title I and Title II. Once you get to Title III which is Trade, and you go back to the archives, the justification for Title III was move this surplus. We've got to get rid of this growing pile of surplus. The Commodity Crop Corporation, the broader CCC arm of the government is trying to mitigate overproduction by buying the surplus and getting it off the backs of the farmers. But then it had a huge kind of glut. So trade was a matter of offshoring and offsetting the food aid and the food trade in the 1950s and the 1960s. And then frankly, Title IV nutrition, which has all of these noble crucial intentions of feeding the people actually is a surplus disposal mechanism as well when you look back at the archives. And even Title IX which is Energy, has a surplus disposal mechanism of corn in moving it into bioethanol. So the Farm Bill has kind of hidden overproduction through these surplus disposal mechanisms and not been able to prevent it. And then of course, we get into where we are now where why doesn't the research title fund investigations into wasted food interventions? Why aren't there discussion of composting systems or ecological biodigesters to divert methane from landfills in the research title? So right now, it's more what the Farm Bill doesn't do. It doesn't curtail excessive monopolies in the agrifood sector. It ends up subsidizing them. It doesn't provide nearly enough for regional adaptive supply chains or markets which are much more adaptive to shocks in the system like Ukraine or climate change. So the Farm Bill doesn't do what it needs to do, but it's not the root cause of wasted food.   Brenna: Those are really interesting points that I think many of us at least from an agricultural economist perspective don't necessarily talk about in that way. One thing I wanted to follow up is you mentioned the current Farm Bill doesn't really do much to address food waste. I think the most recent Farm Bill did establish the food waste and loss liaison to try to kickstart some food waste reduction initiatives. So I'm curious just to get your thoughts, would you say that that effort is not nearly enough?   Yes, it's such a good question. So the Miscellaneous Title is the best thing happening in the Farm Bill. All the farmers know and the practitioners and the activists and the scholars. And so, there's an optimistic way you could look at this and say there are such innovative, broadly far-reaching exciting pilot programs tucked into the Miscellaneous Title or even into the Horticultural Title around farmer's markets, around racial justice, around food waste prevention, wasted food prevention. But on a macro level, it's tucked into the Miscellaneous Title, oftentimes with discretionary funding, not mandatory, so you have to fight for it each five years. And the appropriations get divvied out, so it's not rock solid in terms of mandatory appropriations. And so there are wonderful pilot programs that began in the 2018 Farm Bill, frankly, directly because of scholars and activists and civil society clamoring for it. But on the macro level, the bulk of the Farm Bill itself is status quo in terms of commodity crop overproduction when you really kind of see where it's going and it's largely going to ethanol or to concentrated animal feeding operations, CAFOs, or to highly processed additives for foods that aren't nourishing. So yes, it's exciting that there are these micro provisions and there's these pilot programs that are so exciting tucked away into the Miscellaneous Title, but arguably the scale of the problem that we're in now demands a much more transformational approach to the Farm Bill.   Brenna: Thank you so much for weighing in on that. I was excited to hear your thoughts.   Norbert: Garrett, I know that you are committed to social justice, especially around food and agriculture. What is the social equity lens to food waste and loss that you think is important for people to consider?   Thank you for that. So wasted food is a tragedy of squandered farm work, top soil, water, energy, shipping containers, and single-use plastic wrapping. All of the labor, all of the time going into food that ends up becoming methane and egregious climate greenhouse gas. And so I think when we look at this situation, there's an issue of wasted resources, but there's also the injustice of the people who are doing much of the work along that supply chain to get that food to people's table themselves can't afford food. So the inequity, the acute injustice of food insecurity next to and even within the system of wasted food is a disaster. But, it's also defining of a failure of governance and a failure of our research institutions. There are so many smart people in the US, so many expensive labs, so many great research infrastructures and networks. Surely there's a way to coordinate these smart minds into analysis and interventions that prevent wasted food and that move agricultural production to where it needs to go, to hungry mouths and to people's plates and to remunerate food producers fairly for their harvests. So the urgency of wasted food has become one of the defining parts of my research and my teaching in my scholarship. In terms of the history of this, I was fascinated with how surplus is not used as a term. This is something that Norbert and I are researching. Ag economists and Ag policy experts don't use the words overproduction or glut or surplus these days. But if you go back into the archives, it is such a ubiquitous problem that in the archives, it's called the Farm Problem. It's actually just called the Farm Problem and it's the problem of overproduction. And so, a little bit of history here, World War I, there was a whole incentive structure by the US government to feed the allies over in Europe and win the war through wheat production. So all of these farmers in Europe and throughout the Middle East who were part of World War I were in the trenches. They needed wheat. So, the US ramped up wheat production. It actually incentivized farmers to go out into the prairies and dig up those deep-rooted prairie grasses and plant wheat, single season wheat. And prices were good. And so, what do farmers do when prices are good? They grow more. And so, there was more and more production in 1914, 1915, 1916. Then the survivors of World War I crawled out of the trenches, went back to their farms and grew their own wheat. Then there was too much wheat on the global market and prices started to go down. What do farmers do when prices go down? They grow more. So all of a sudden, US farmers were madly ripping up prairie grasses, deep rooted prairie grass, planting more wheat. There was so much wheat on the global market in 1918 that it crashed the prices. There was an agrarian economic crisis in the US in 1919 and 1920, and farmers went to DC and said, "Please help us end this cycle of overproduction. We're competing with ourselves, with each other, our neighbors, and it's suicidal." And so that began the broader political movement to have supply management with the price floor for farmer viability and a way to not overproduce and destroy the soil, which is what led to the Dust Bowl. By the time you get to the Agricultural Adjustment Act of 1933, you've got a whole system of supply management which was in place. It was dysfunctional. It was not perfect. It largely helped White male farmers and it had some other issues to excluding tenant farmers who were largely Black farmers in the deep south, but as a principle to stave off the ravages of just kind of capitalism unfettered in agriculture, it was important to think about as a precedent. And so, cut to 1940s, 1950s, 1960s, by the 1970s, it's really eroded the supply management and by the 1980s, 1990s, it's gone. By the 1996 Farm Bill, there's hardly any supply management or price floors left. I think what's interesting for us is that there's a powerful precedent from a governance perspective of ways to mitigate cycles of overproduction. Now we're in a situation where there's not only no mechanisms from a policy perspective to mitigate overproduction, it's enabled and totally forgotten. There's really an amnesia about these parody policies, these price floors, these supply managements, these non-recourse loans, these quotas, which again, were not perfect, but they were an honest recognition that you have to have some protection. Otherwise, the corporate buyers and the broader political economy will just drive down the farm gate price and the farmers individually will just overproduce to try to get out and exacerbate the problem. I think looking at the historical origin of the Farm Bill helps us have clues as to how we could update it. How we could expand it. How we could make it more fair for a broader diversity of farmers. How it could apply to much more diverse crops than just these eight commodity crops, these kind of handful of commodity crops that it was designed for. So how could parody pricing and supply management be updated for ecological production, nourishing food production for a whole new generation of BIPOC farmers? I think we're thinking about that history as inspiration for agricultural policies moving forward that coordinate supply and demand more wisely frankly.   Brenna: Those are really interesting perspectives. I had no idea about the Farm Problem language use and I'm really curious to hear more about what you and Norbert are doing and look forward to seeing those results in the future. I was wondering if you could tell us a little bit more about what food waste and loss looks like from an international perspective and what are some of the policies abroad or globally that you think contribute to the wasted food that we see today?   It's a great question, Brenna. I'll preface by saying there are myriad international perspectives. So I certainly don't want to presume to speak on behalf of these international perspectives, but I'll also say that one cannot address this issue from a national perspective alone. One never could, but particularly now because the US agricultural policies and practices and the actual food stuffs and the climate emissions are deeply connected to those around the world and vice versa. There's a dominant political economy that is really impacting farmers and fishers around the world. It's really fascinating that the millions of different agricultural, aqua agricultural food systems around the world are now related to each other through price setting that is globalized and through supply chain pressures. Even at this point, Ag extension and national governments are all working very closely with or for a few set of agro-corporate firms. There is this incredible interconnectedness and interconnectedness sounds great, but in this context, it is an interconnectedness to a set of private industries - Cargill, Archer-Daniels-Midland, Walmart, PepsiCo, Monsanto, Bayer - input suppliers and corporate buyers. They have inordinate influence on national governments and agricultural extensions and ministries of Ag around the world. And philanthropy - the Bill and Melinda Gates Foundation - which is technically a philanthropic organization, but has deep ties to private industry from the standpoint of Microsoft data and agricultural data. Which is, frankly, as farmers say around the world, "my data is worth more than my product." There's an enormous political economy of agricultural data at work right now. So there is an interconnectedness around the world that we need to analyze.   There's also a set of political economies and paradigms around the world that are very powerful. A model of development that is so pervasive around the world is that there is, underdeveloped or developed, there is a paradigm or an expectation that farmers around the world will want to and need to industrialize their respective farms. And that expectation, that model or that paradigm demeans or denigrates a whole set of agricultures around the world that are small scale and that are low input and that are biodiverse and that are not export oriented. That are oriented toward feeding local farmer's markets or local village markets or local families or networks. So there's a systemic devaluation of farming practices that are oriented toward local or regional production that have agro-biodiversity at their heart, that have semi-subsistence or low input agricultural models at their heart. A systemic glorification of very high input, intensive export-oriented commodity crop monocultural overproduction. So that paradigm makes its way into Ag extension agents, makes its way into philanthropic donations, makes its way into agricultural aid, agricultural development funding. And that paradigm is global. Every village around the world is either internalizing the inferiority of their small-scale production and their biodiverse production or resisting it, frankly. There's a whole global movement that's resisting that paradigm and says actually a climate-resilient future would need to have agroecological production grounded in Indigenous and African diaspora foodways. A lot of culturally-specific, place-based agrarian knowledge, which is not necessarily export-oriented though it could be, but is more geared toward feeding or nourishing local villages or communities or networks. There is a whole global movement of farmers and farm coalitions that say why denigrate that as underdeveloped? Why not celebrate that as actually the future of climate-resilient, climate-just agroecological production.   Brenna: Garrett, I know that you are committed to social justice, especially around food and agriculture. So what is the social equity lens to food waste and loss that you think is really important for people to consider?   So thank you for that. I'll say the first one is that there is food insecurity. There's hunger in the system that's producing wasted food and that, as I've said before, is a tragedy and an injustice and a failure of research and governance to think through how we can prevent that. And, how we can move nourishing food to people who need it and while remunerating the farmers and the food providers and the fishers for the beautiful work of feeding people. So that's the most acute level. But I also want to say, getting back to history, I know that's one of the themes of today, looking at histories of policies are so important. The archives have so much to teach us. But also elders and farmer elders around the world have so much to teach us. So oral history is a methodology that I love and I respect and I use and particularly Indigenous and African diaspora and immigrant elders in the US who have such knowledge of agrarian practices, of agroecological production, of seed saving, of foodways, of nourishing foodways, of climate-resilient foodways. Those sets of knowledges have been frankly systematically devalued by academia - by my institutions - as underdeveloped or as passe or as irrelevant. But in fact, as climate crisis encroaches, those knowledges of how to forage in the forest, how to grow nourishing gardens, how to grow agrobiodiverse farms, how to raise livestock breeds, heritage breeds, these knowledges that have been devalued frankly along gender and class and racial lines need to be celebrated. There's an epistemic inequity at work in our current situation where the real knowledges of how to grow nourishing food and provide nourishing food have been devalued when right now we need those knowledges more than ever. So there's a whole reevaluation and reclamation of agrarian place-based agroecological knowledge that I think will help us, not just prevent wasted food and really re-localize and re-regionalize supply chains and markets and economies and ecologies, but also help us provide nourishing food for communities in a climate-resilient and climate-just way.   Bio:   Garrett Graddy-Lovelace researches and teaches agricultural policy and agrarian politics. A critical geographer, she draws upon political ecology and decolonial studies to research agricultural biodiversity conservation, agrarian cooperatives, land use decisions, and domestic and global impacts of US farm policies. This includes community-based research-action with grassroots groups on the Farm Bill (see disparitytoparity.org project). Her forthcoming book, The Power of Seeds & Politics of Agricultural Biodiversity, is with M.I.T. Press. She is co-PI for a SESYNC-NSF Pursuit, entitled "Diverse Pathways to Nourishment: Understanding How Agricultural Biodiversity Enhances Food Security, Sovereignty and Nutrition" and Senior Personnel for AU's $15M NSF RECIPES grant on Wasted Food. She was awarded the inaugural Provost Associate Professor title, the 2022 School of International Scholar-Teacher of the Year Award, and the SIS Excellence in PhD Mentoring Award. Graddy-Lovelace co-founded and co-leads School of International Service's Ethnographies of Empire Research Cluster, and the nation-wide Agroecology Research-Action Collective. She is a Faculty Affiliate for AU's Antiracist Research & Policy Center and Associate Director for the new Center for Environment, Community & Equity. Additionally, she works on and for open knowledge and Indigenous data sovereignty.

Value Investing FM
248. Consultorio Bursátil - Noviembre 2022

Value Investing FM

Play Episode Listen Later Nov 27, 2022 50:38


Consultorio bursátil de noviembre de 2022 en el que Adrián Godás y Paco Lodeiro respondemos a las preguntas de los oyentes. Las preguntas generales de este mes son sobre splits y contrasplits en opciones, libros sobre renta fija, ofertas en la Formación Avanzada de Academia de Inversión, herramientas de seguimiento de cartera, intereses minoritarios en la contabilidad y planes de pensiones. Las dudas sobre empresas y sectores son sobre Meta Platforms, Osino Resources, Coca-Cola Içeçek, Ericsson y Squadcast, Pitney Bowes y TMC, McDonalds y su patrimonio neto negativo, Merk y Archer Daniels Midland y finalmente sobre West African Resources.

Anxiety Road Podcast
ARP 300 Buying Hemp Seed Oil Safely

Anxiety Road Podcast

Play Episode Listen Later Sep 28, 2022 13:48


There is a lot to learn about Hemp Seed Oil (HSO).  The main reason why I wanted to cover it was that there is a lot of misinformation about the product. It is not hard to find hemp in food products.  It is dang easy to find claims or promises of calm or relaxation.   People that have an anxiety condition are prime suckers for dark side entrepreneurs. Ignorance helps them to take advantage and money. Or worse, place your health at risk.   If you know the core basics, you might still be anxious but you will be an informed consumer. To summarize:   The oil is legal on the federal level, provided the seeds and the resultant product contains less than 0.3% THC or psych-active properties.   Those states with legalized hemp and marijuana laws permit the sale of this product. Other states do not and it will be up to you to know the difference.   Hemp Seed Oil is good for a lot of things:   There is some nutritional value Can be used for cold food recipes like salad dressings and other foods Good for the hair, skin and nails   What it is not good for is treatment for anxiety symptoms. It does not have the properties to relax you or help you control your symptoms.   So yeah, unless you or someone you know is operating under the power of the placebo. it isn't going to do much for you.   However, in this episode, I talk about safe ways to obtain the product and pay a fair price. They are very similar to buying CBD oil.  If you need support contact the National Suicide Prevention Lifeline at 988 or 1-800-273-8255, the Trevor Project at 1-866-488-7386 or text “START” to 741-741. Resources Mentioned:  The U.S. Food Data Central Database has a branded search feature helps you to find products with hemp in them in the U.S. and NZ. It is one of the ways I found out about some of the U.S. oil vendors.   U.S. Food and Drug Administration wants you to understand what it means when you see something that states it is FDA approved. They have an FAQ page. I'm not linking to these vendors. They are for example purposes only.  I do want to show examples of vendors that can be found in brick and mortar stores, direct to vendor websites or at third party vendor websites.   Manitoba Harvest Organic Hemp Seed Oil, has a website for both U.S. and Canadian customers. The company has both hemp and CBD products and shipping to all states for the oil. They have recipes and information about the product. Nutiva also has a website, but you won't find HSO under oils but under seeds. Has a store locator which might help you find it locally and the do have shipping. Foods Alive's website also has a store locator and shipping. Knwble Grwn Pure Hemp Seed Oil - this is a company or subsidiary that belong to multinational food corporation ADM aka The Archer-Daniels-Midland corporation. You cannot purchase from the site but you can see an example of when cannabis becomes legal they will be in the game. Disclaimer:  Links to other sites are provided for information purposes only and do not constitute endorsements.  Always seek the advice of a qualified health provider with questions you may have regarding a medical or mental health disorder. This blog and podcast is intended for informational and educational purposes only. Nothing in this program is intended to be a substitute for professional psychological, psychiatric or medical advice, diagnosis, or treatment.

The Coffee Klatch with Robert Reich
The truth I'm telling Congress today about inflation

The Coffee Klatch with Robert Reich

Play Episode Listen Later Sep 22, 2022 4:13


It makes my blood boil. Since March I've been screaming about the Fed's total misreading of inflation — believing it's being caused by workers getting wage hikes, when the real cause is powerful corporations raising prices higher than their costs. I'm not so grandiose as to think my screams would have any direct influence on the Fed. My hope was that my argument and data might be picked up by a few voices in the media, which would lead some Democrats in Congress to pick up on it, and that maybe they'd put some pressure on the Fed — such as asking Fed chief Jerome Powell to respond to those arguments when he next testifies. It's not happened yet. Yesterday Powell and the Fed raised interest rates again — another three-quarters of a percent — bringing the official rate from near zero in March to over 3 percent now. Insane. Well, now I get a chance to tell Congress why this is insane. The House Oversight Committee's subcommittee on economic and consumer policy holds a hearing this morning and has asked me to testify. (Thankfully, they're allowing me to do it remotely from my home here in California, although the timing isn't ideal — the hearing starts 9 am Eastern Time, which is 6 am here — and because I'm the lead-off witness they want me to check in remotely at 5:45 am. I'll have to drink plenty of coffee.)When you testify before Congress, you get 5 minutes to summarize your views. You submit your detailed testimony, which is read by the committee's staff, who then give members of Congress questions to ask you based on the submitted testimony (the Democratic staff's questions are usually quite different from Republican staff's). Those questions, hopefully, allow you to get into the details. My aim is to state as clearly as possible that the underlying problem is not wage-price inflation. It's profit-price inflation. And the Fed's continuing rate hikes will hurt average workers by slowing the economy — making it harder for workers to get wage increases and causing many to lose their jobs. I'm going to suggest that Congress consider ways to control inflation that limit corporate profits rather than jobs and wages — such as a windfall profits tax, tougher antitrust enforcement, and even temporary price controls. Will Congress do any of this? Here again, I'm not so full of myself as to think I can sway a single member of Congress, let alone Congress as a whole. But in my experience, policy ideas that are useful and timely often find their way into politics — eventually displacing old ones that are no longer useful and may be damaging. At least that's my hope with “profit-price” inflation replacing the anachronistic “wage-price” inflation.I'm going to add my testimony to this post right after I testify this morning — and fill you in on what happened. ***The hearing was just adjourned. The good news is that the Democrats on the committee got it. They understood that big corporations raising their prices in excess of their costs — to score record profits — is a major reason for the inflation we're now experiencing. And workers are paying for those record profits in two ways — real wage losses (wage gains have been more than offset by price increases, making most workers worse off) and by the higher prices themselves (the result of corporations increasing their profit margins). I was particularly impressed by the chairman of the subcommittee, Representative Raja Krishnamoorthi (from the 8th district of Illinois), who understood the issues and expressed them cogently, and by Cori Bush (from the 1st district of Missouri), who asked terrific questions. Katie Porter did a fabulous job breaking the issue down. There was less discussion of remedies than I'd hoped — only passing reference to tougher antitrust enforcement and no real discussion of a windfall profits tax — and no criticism of the Fed (other than in my remarks and testimony). Not surprisingly, the Republicans on the committee were obstreperous and wildly partisan. All they did was try to blame inflation on the American Rescue Plan, Biden, and the Democrats. They repeatedly quoted Larry Summers's misleading claim that pandemic spending fueled inflation (even at one point asking me if I served with him in the Clinton administration, without giving me the chance to rebut him). They asked the Republican witness, Tyler Goodspeed (briefly chair of Trump's Council of Economic Advisors), to confirm their rhetorical questions but didn't ask me a thing. Like much of the rest of our governing processes, congressional hearings have degenerated into partisan posturing and name-calling. I experienced this starting in 1995 when Newt Gingrich became Speaker. For those of you who might be interested, here's the testimony I submitted this morning:***Mr. Chairman and members of the Committee,My name is Robert Reich. I'm the Carmel P. Friesen Professor of Public Policy at the Goldman School of Public Policy, University of California, Berkeley.Last week's consumer price index report shows annual inflation in the United States still roaring at 8.3 percent annually [1] -- the worst breakout of inflation since the 1980s.In response, the Fed has raised interest rates from near zero in March to over 3 percent yesterday, and has signaled it will keep raising rates until inflation is under control.I believe this strategy is a mistake. It assumes the current inflation is being driven by wage hikes and a tight labor market. But the underlying problem is not wage-price inflation. It is profit-price inflation.The Fed's rate hikes are hurting average working Americans whose real wages are already falling. Congress should consider alternative ways to control inflation that focus on corporate profits rather than jobs and wages.1. What's causing the current inflation?Inflation is not being driven by the usual suspects:Don't blame raw materials. The prices of commodities – wheat, natural gas, oil, and metals -- are falling.[2] That's partly because of a global slowdown, particularly in China, that is reducing worldwide demand.Don't blame intermediate goods. Last Wednesday's Bureau of Labor Statistics report on producer prices was fairly encouraging.[3] Even the prices of semiconductors and electronic components are slowing.[4]Don't blame inflationary expectations. Last week's New York Fed survey of inflationary expectations [5] was very positive. Expectations of continuing inflation have declined across the board.And – importantly -- it's not wages.Jerome Powell worries that “the labor market is extremely tight,”[6] and to “an unhealthy level.”[7] Some economists claim that inflation is “grounded in a red hot labor market.”[8]With due respect, this analysis is wrong. Although pay is still climbing, wage hikes have not kept up with inflation. This means most workers' paychecks are shrinking, in terms of purchasing power. So rather than contributing to inflation, wages are reducing inflationary pressures.As the accompanying graph shows, inflation-adjusted earnings have plunged.[9]2. The underlying problem is profit-price inflationWhat's a major reason prices are rising? Corporations are increasing their profit margins.In the second quarter of this year, U.S. companies raked in profits that were the highest on record or close to levels not seen in over half a century. As a share of GDP, U.S. corporate profits in the second quarter rose to 12.25%, their highest levels since 1950. (See graph below)Notably, corporate profit margins – over and above costs – continue to grow. (See chart below.)The labor market is not “unhealthily” tight, as Jerome Powell asserts. Corporations are unhealthily powerful.In a normally competitive market, corporations would keep their prices down to prevent competitors from grabbing away customers. As the White House National Economic Council put it in a December report: “Businesses that face meaningful competition can't [raise profit margins], because they would lose business to a competitor that did not hike its margins.”[10]The underlying problem is that large American corporations have so much market power they can raise profit margins – and prices -- with impunity.Since the 1980s, two-thirds of all American industries have become more concentrated.[11] This concentration gives corporations the power to raise prices because it makes it easy for them to coordinate price increases with the handful of other companies in their same industry, without risking the possibility of losing customers, who have no other choice.For example, Monsanto now sets the prices for most of the nation's seed corn. Wall Street has consolidated into five giant banks. Airlines have merged from 12 carriers in 1980 to four today, which now control 80 percent of domestic seating capacity. The merger of Boeing and McDonnell Douglas has left the US with just one large producer of civilian aircraft — Boeing. Three giant cable companies dominate broadband: Comcast, AT&T and Verizon. A handful of drug companies control the pharmaceutical industry. Two giant firms dominate consumer staples. A handful of national retailers and food outlets dominate local markets. And so on.Such concentration makes it easy for corporations to raise their prices beyond what is required to offset rising input costs. More than half of the companies surveyed by the business services reviews website Digital.com reported raising prices beyond what was required to offset rising costs.[12]As The New York Times pointed out, “corporate executives have spent recent earnings calls [with Wall Street analysts] bragging about their newfound power to raise prices, often predicting that it will last.”[13]3.    Examples from specific sectorsTake a closer look at specific sectors and you'll see profit-price inflation in action:Grocery prices are through the roof largely because just 4 companies – Archer-Daniels-Midland, Bunge, Cargill, and Louis Dreyfus, known collectively as ABCD – control an estimated 70 to 90 percent of the global grain trade,[14] making grain markets are even more concentrated than energy markets. All have raised their prices and gained record profits. Last year was Cargill's most profitable year in its history, with almost $5 billion in net income.[15]At the same time, just 4 companies control up to 85 percent of meat and poultry processing.[16] They too have raised prices above costs. Tyson's net income soared 47 percent, while it spent $700 million in shareholder buybacks.[17]Consumer packaged goods conglomerates -- such as Coca-Cola, Hershey's, PepsiCo, and Mondelez – are also highly concentrated. And they too are raising prices and reporting record earnings.[18] Coca-Cola has credited its increased net operating revenues to price hikes. Procter and Gamble has boasted of the “biggest annual sales increase in 16 years” with its net earnings soaring to $14.7 billion following price hikes on all of its products. It has paid out over $19 billion to shareholders.[19] Shipping conglomerates are expected to top last year's profits by over 73 percent or $256 billion.[20] Here again, it's because they have the power to raise prices. 80 percent of global merchandise is moved through the Big 3 shipping alliances. You can see a similar pattern in freight railroads. Over the last six years, the five largest railroad freight lines have increased their operating margins by over a third.[21]The ten largest U.S. retailers – all enjoying significant market power – have raised consumer prices while collectively reporting $24.6 billion in increased profits during the last two fiscal years. These same companies also ramped up stock buybacks by nearly $45 billion year-over-year for a total of $79.1 billion.[22]Gas prices are finally declining.[23] But they're still high, and major oil companies continued to have enough pricing power to gain a whopping $46 billion in earnings in the second quarter of this year.[24] It would be one thing if these corporations were investing their profits in additional capacity. At least this would reduce future inflationary pressures. But they have been using their profits to buy back their own shares of stock. This may be good for shareholders -- buybacks reduce a company's shares outstanding, raising its profits-per-share -- but it does nothing for the economy.There is a direct historic analogy. At the end of World War II, when the United States attempted to shift back from war production to civilian production, it experienced bottlenecks similar to those caused by the pandemic. Then, as now, consumers had high pent-up demand for all sorts of products and services. Then, as now, large corporations with market power took advantage of limited supplies and soaring demand to increase their prices and enjoy windfall profits. Then, as now, inflation soared.4.   The Fed's rate hikes are aimed at the wrong culprit  The Fed is using the only tool it possesses to fight inflation – interest rate hikes -- to do the one thing it has done in the past to fight inflation – slow the economy so real wages drop and unemployment rises. But when inflation is being driven by corporate pricing power, the major consequence of Fed interest rate hikes is to further depress wages and limit jobs.Rate hikes eventually diminish corporate profits because consumers have less money to spend on goods and services. But by then, average working people will have taken it on the chin.  As the economy cools due to interest rate hikes, they are less likely to get wage increases that keep up with inflation. In consequence, they will fall further behind. As the economy slows and unemployment rises, average working people and the working poor will be the first to be fired and the last to be hired.On August 26, Powell said the Fed must continue to raise interest rates, even though it will “bring some pain” to households.[25]  How much pain? Researchers at the International Monetary fund estimate that unemployment may need to reach 7.5 percent -- double its current level -- to end the country's outbreak of high inflation. This would entail job losses of about 6 million people.[26]Who will bear this pain? Not corporate executives, not Wall Street, not the wealthy and not the upper-middle class. It will be borne by average working people.5.  Better ways to stop profit-price inflationIn fairness to the Fed, it doesn't have the tools it needs to prevent profit-price inflation. The responsibility falls on Congress and the administration to take on corporate pricing power directly through a windfall profits tax, bolder antitrust enforcement, and, if necessary, price controls.Congress and the Biden administration enacted a 1 percent tax on stock buybacks in the recently enacted Inflation Reduction Act, along with a minimum corporate tax. These measures are important, but they don't go far enough. They still leave most of the burden of fighting inflation on average working people and the poor.A windfall profits tax would help. One way to structure it would be to place a temporarily tax on any price increases that exceed the producer price index – that is, the costs of producing consumer goods. Congress could also direct the Federal Trade Commission to investigate whether prices reasonably reflect additional costs or amount to opportunistic price-gouging. The FTC already has the power to carry out such investigations and impose penalties under existing law.[27]Bold antitrust enforcement is essential. Antitrust litigation is complex and time consuming (I directed the policy planning staff at the Federal Trade Commission in the Carter Administration and saw this firsthand). But the credible threat of aggressive antitrust enforcement can deter corporations from raising prices higher than their costs.Congress must appropriate sufficient funds for the Antitrust Division of the Justice Department and the Bureau of Competition of the Federal Trade Commission to enable both agencies to attack excessive corporate concentration, which continues to harm workers and consumers. Price controls should be a backstop. Price controls have many disadvantages, in terms of distorting markets and deterring investment. They worked well in World War II, less well in the 1970s when they were half-baked and badly executed.  But as I've argued, the current inflation is most directly analogous to what occurred immediately after World War II when supplies were still limited, pent-up demand had soared, and corporations were making windfall profits. At that time and under those circumstances, many of America's most distinguished economists argued that price controls on important goods should continue temporarily, in order to buy the time necessary to overcome supply bottlenecks and prevent corporate profiteering.[28] They should be considered now, for the same reasons.ConclusionCongress and the administration have the power to stop corporations from using their market power to raise prices. It is far better that Congress and the administration take direct against this sort of inflation than relying solely on the Federal Reserve to raise interest rates to slow the economy and risk another recession – putting the entire burden on fighting inflation on average working people, who are not responsible for it.[1] https://www.bls.gov/news.release/cpi.nr0.htm[2] https://www.intellinews.com/commodity-prices-fall-across-the-board-as-the-market-adjusts-to-the-sanctions-realities-256384/[3] https://www.bls.gov/news.release/ppi.nr0.htm[4] https://www.theregister.com/2022/07/14/intel_plans_price_hikes_for/[5] https://www.newyorkfed.org/newsevents/news/research/2022/20220912[6] https://www.federalreserve.gov/newsevents/speech/powell20220321a.htm[7] https://www.federalreserve.gov/newsevents/speech/powell2023221.htm[8] https://www.nytimes.com/2022/09/15/business/economy/inflation-markets-economy.html[9] Refinitiv Datastream/ BLS/ BEA. Reuters Graphic E. Burroughs.[10] https://www.whitehouse.gov/briefing-room/blog/2021/12/10/recent-data-show-dominant-meat-processing-companies-are-taking-advantage-of-market-power-to-raise-prices-and-grow-profit-margins/[11] https://hbr.org/2018/03/is-lack-of-competition-strangling-the-u-s-economy[12] https://digital.com/half-of-retail-businesses-using-inflation-to-price-gouge/[13] https://www.nytimes.com/2022/02/27/business/economy/price-increases-inflation.html[14] https://www.theguardian.com/environment/2022/aug/23/record-profits-grain-firms-food-crisis-calls-windfall-tax?CMP=Share_iOSApp_Other[15] https://accountable.us/meatpacking-profiteers-testifying-today-saw-nearly-13b-in-profits-after-racking-up-384m-in-price-fixing-fines-and-settlements/[16] https://accountable.us/meatpacking-profiteers-testifying-today-saw-nearly-13b-in-profits-after-racking-up-384m-in-price-fixing-fines-and-settlements/[17] https://accountable.us/meatpacking-profiteers-testifying-today-saw-nearly-13b-in-profits-after-racking-up-384m-in-price-fixing-fines-and-settlements/[18] https://www.modernretail.co/retailers/citing-inflation-cpg-conglomerates-are-raising-prices-and-earning-record-profits/[19] https://accountable.us/profiteering-watch-procter-gamble-boasts-biggest-annual-sales-increase-in-16-years-after-excessive-price-hikes/[20] https://www.bloomberg.com/news/articles/2022-08-09/container-lines-to-smash-year-old-profit-record-with-73-surge[21] https://www-wired-com.cdn.ampproject.org/c/s/www.wired.com/story/a-us-freight-rail-crisis-threatens-more-supply-chain-chaos/amp[22] https://accountable.us/wp-content/uploads/2022/06/CPI-Retail-Report-Release.pdf[23] https://www.forbes.com/sites/sergeiklebnikov/2022/09/07/oil-prices-hit-seven-month-low-as-recession-fears-weigh-on-demand[24] https://www.nbcnews.com/business/business-news/oil-companies-record-earnings-sky-high-gas-prices-linge-rcna40622[25] https://www.nytimes.com/2022/08/26/business/economy/jerome-powell-inflation.html?smid=nytcore-ios-share&referringSource=articleShare[26] https://www.brookings.edu/bpea-articles/understanding-u-s-inflation-during-the-covid-era/[27] https://www.congress.gov/bill/117th-congress/house-bill/675/text[28] https://timesmachine.nytimes.com/timesmachine/1946/04/09/93087670.html?pageNumber=23 This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit robertreich.substack.com/subscribe

Wintrust Business Lunch
Wintrust Business Minute: Vegan mozzarella is coming to pizzerias in the Midwest

Wintrust Business Lunch

Play Episode Listen Later Aug 17, 2022


Steve Grzanich has the business news of the day with the Wintrust Business Minute. Vegan mozzarella is coming to pizzerias in the Midwest, and you can thank Illinois-based food giant Archer Daniels Midland. The company is working with startup New Culture to launch the animal-free mozzarella in the U.S. market starting with Midwest pizzerias next […]

Moving Forward with Mandi Kerr
Proposed grain & fiber HEMP EXEMPTION bill

Moving Forward with Mandi Kerr

Play Episode Listen Later Aug 16, 2022 49:02


Join Mandi Kerr, Morgan Tweet, Courtney Moran, and Erica Stark on Friday morning's episode of Moving ^HEMP Forward. For this morning we'll talk about: Grain & Fiber Hemp Exemption Bill Campaign Goals: Draft legislation and pass a bill creating an exemption for industrial hemp, grain & fiber. Educate lawmakers about the need for exemptions and opportunities with grain & fiber Secure bipartisan support for the exemption framework Unite and mobilize advocates Morgan Tweet is a founding partner and Chief Operating Officer of IND HEMP, an industrial hemp food and fiber processing company in Fort Benton, Montana. Morgan planned, constructed, and commissioned the IND HEMP Oilseed processing plant in early 2020 and manages daily operations. Morgan graduated from the University of Missouri with a BS in Chemical Engineering then worked for Archer Daniels Midland in Decatur, Illinois launching her career in agriculture and food processing. Courtney N. Moran, LL.M., Founding Principal of EARTH Law, LLC and Chief Legislative Strategist for Agricultural Hemp Solutions, LLC is the leading expert on U.S. hemp law championing legal policy for sustainable Cannabis hemp agribusiness development. Courtney worked closely with the offices of Senator Ron Wyden and Senate Majority Leader Mitch McConnell in drafting and negotiating the Hemp Farming Act of 2018 (S. 2667), the language included in the 2018 federal Farm Bill, the Agriculture Improvement Act of 2018, federally legalizing hemp. Erica Stark is the Executive Director of the National Hemp Association for almost 5 years now. Erica is also the Executive Director of the Pennsylvania Hemp Industry Council and serves as the co-chair of the Policy and Regulation Subcommittee of the PA Hemp Steering Committee which is the official advisory council to the PA Dept. of Agriculture. She is a sought-after speaker with years of experience in hemp education and legislative advocacy, including testifying before Congress.

Alles auf Aktien
Smart Money an der Wall Street und Abriss bei Immobilienaktien

Alles auf Aktien

Play Episode Listen Later May 3, 2022 16:36


In der heutigen Folge „Alles auf Aktien“ sprechen die Finanzjournalisten Anja Ettel und Holger Zschäpitz über den Covestro-Schock, Zweifel am Microsoft-Deal und den großen Soja-Profiteur. Außerdem geht es um Apple, Conti, Mercedes, BASF, Bayer, Vestas, Siemens Gamesa, Siemens Energy, Amazon, Activision Blizzard, Berkshire Hathaway, Netflix, Meta, VanEck Global Real Estate (WKN: A1T6SY​​), Deere, Bunge und Archer-Daniels-Midland. Und abstimmen beim Deutschen Podcastpreis könnt ihr hier: https://www.deutscher-podcastpreis.de/podcasts/aaa-alles-auf-aktien/ Wir freuen uns an Feedback über aaa@welt.de. Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. Außerdem bei WELT: Im werktäglichen Podcast „Kick-off Politik - Das bringt der Tag“ geben wir Ihnen im Gespräch mit WELT-Experten die wichtigsten Hintergrundinformationen zu einem politischen Top-Thema des Tages. Mehr auf welt.de/kickoff und überall, wo es Podcasts gibt. +++Werbung+++ Hier geht's zur App: Scalable Capital ist der Broker mit Flatrate. Unbegrenzt Aktien traden und alle ETFs kostenlos besparen – für nur 2,99 € im Monat, ohne weitere Kosten. Und jetzt ab aufs Parkett, die Scalable App downloaden und loslegen. Hier geht's zur App: https://bit.ly/3abrHQm Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

The Georgia Politics Podcast
“Wait, what's partisan about sign placement?!”

The Georgia Politics Podcast

Play Episode Listen Later Jul 5, 2021 49:00


The panel kicks off the show discussing the Biden justice department's lawsuit over Georgia's new elections bill, Senate Bill 202. In a statement they allege that the bill was passed with “discriminatory purpose.” Governor Kemp quickly condemned the suit, calling it a “politically motivated assault on the rule of law.” There is also of course Candidate Corner, where the discussion involves Rudy Giuliani's fundraiser for Republican candidate for Governor, former State Senator, Vernon Jones. Also, State Senator Bruce Thompson announced he is running for Labor Commissioner, which makes for a crowded field to challenge incumbent Republican Mark Butler. And the last subject before Overhyped/Underhyped is about the news that the agribusiness company Archer-Daniels-Midland reportedly sold Sonny Perdue, the University System of Georgia's proposed candidate to be its new chancellor, property worth over 5.5 million dollars for just 250,000 just before he was appointed commissioner of agriculture. All that and more on this episode of The Georgia Politics Podcast. Connect with The Georgia Politics Podcast on Twitter @gapoliticspod Megan Gordon-Kane @meganlaneg Preston Thompson @pston3 or by emailed preston(a)appenmedia.com Proud member of the Appen Podcast Network. #gapol

Innovative Legal Leadership
Cam Findlay: From Government to General Counsel

Innovative Legal Leadership

Play Episode Listen Later Apr 8, 2021 35:53 Transcription Available


Cameron Findlay aspired to have a career that began in government and then evolved to the private sector. Remarkably, he accomplished that. In his illustrious career, he has been a Sidley Austin partner, the Deputy Secretary of the US Department of Labor, and general counsel at three Fortune 500 companies — Aon, Medtronic, and currently, he's Senior Vice President, General Counsel, and Secretary at Archer Daniels Midland. In this episode, we talk about: - How the role of a general counsel has changed over the years - His roles in government including as Deputy Secretary of Labor - The business of running a legal department - Attracting top legal talent - Advice for aspiring general counsels Hear more stories by subscribing to Innovative Legal Leadership on Apple Podcasts, Spotify, or any podcast platform. Listening on a desktop & can't see the links? Just search for Innovative Legal Leadership in your favorite podcast player.