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Nicaragua’s president, Daniel Ortega’s latest proposal is to build a canal that would be similar to Panama’s at an estimated cost of $30bn – about four times as much as Nicaragua’s gross domestic product. The project is awaiting appraisal by the nation’s legislature.
Costa Rican officials have described the project as “pharaonic”. There are no pharaohs in Nicaragua but Ortega’s project does involve the excavation of enough earth to fill the Suez Canal three times over, on top of what is being dug up in the current expansion of the Panama Canal.
“There have been talks with Japan, China, Russia, Brazil and South Korea, and everyone’s agreed the canal’s a great idea,” said Ortega.
From the Financial Times
Faced with losing its monopoly on western wheat and barley sales Aug. 1, the Canadian Wheat Board has signed agreements with six companies, including Canada’s largest grainhandler, to handle grain from farmers who want to pool their grain with the CWB.
“Farmers now have delivery points all across Western Canada to market their grain with CWB,” said Ian White, president and CEO of the CWB, at the Farm Progress Show in Regina on Thursday. “There are now more than 120 country elevators that will accept CWB grain under our current agreements, with more on the way.’’
Viterra Inc. jointly announced the agreement with the CWB, which will
allow farmers who have committed to CWB contracts to deliver grain to
Viterra facilities across Western Canada, including port facilities.
More at the Leader Post
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