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Source: Crain's New York Business

Politico, a major blog about Capitol Hill, took notice of the Panama Canal expansion and published this post this week:
The promise of a Panama Canal expansion has spurred a flurry of legislative pleas and proposals.
Too bad it’s largely hype.
Improvements completed on the canal by 2014 will allow ships twice as big to reach the East Coast. In theory, this could reroute vessels that stop on the West Coast and send goods across the country.
Lawmakers have used the expansion to push along bills, beg for more funding and tout their role enhancing international trade. And the canal has turned into an unlikely catchphrase for an oft-ignored port industry.
But much stands in the way of that potential. Goods still will move faster across the country than through a full water route. The East Coast option may prove cheaper, but Panama has not said how much it will charge in tolls. And the Suez Canal already offers a venue for these larger ships.
Read the rest at Politico

Louis Dreyfus Commodities revealed it stood ready to extend the wave of consolidation among agribusinesses, unveiling a $7bn warchest, underpinned by the trader’s first access to capital markets in its 160-year history.
The farm commodities trading giant, which earlier this month agreed to buy US sugar refiner Imperial Sugar for $203m including debt, said it was to spend $7bn building assets and buying companies, following investment of $4.9bn in the 2006-11 timespan.
“We will be certainly making more acquisitions that we have done in the past,” Serge Schoen, the Louis Dreyfus chief executive, told the Financial Times newspaper.
More at AgriMoney

Source: WBAI's Building Bridges: Your Commuinity and Labor Report

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