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Source: Washington Examiner
Congress could delay passage of a new five-year farm bill until spring planting given the full plate of legislation needed after the election to avoid a fiscal cliff with its mandatory U.S. budget cuts, a top farm policy expert said on Monday.
The Democrat-controlled Senate passed its version of the bill in June, which would replace traditional crop subsidies with an insurance-like program and cut food aid for the poor – food stamps – by $4 billion. The Republican-controlled House of Representatives splintered over demands by some conservatives to cut food stamps and farm programs even more.
More in the Chicago Tribune
Hanjin Shipping reported a net loss of 47.3 billion South Korean won (about US$43.3 million), compared with a net loss of $1.1 million in the previous quarter and a net loss of $78.7 million in the same quarter in 2011.
In the first nine months of 2012, the company posted a net loss of $354.4 million, compared with last year’s net loss of $458.5 million from January to September.
More in the Journal of Commerce
Source: USW
Source: The Hill
Source: National Journal
Many supply chains will become increasingly port-focused as operational and political pressure encourages a shift away from traditional thinking, according to leading industry analysts.
“The need for many shippers to prove their sustainability credentials to stakeholders will see the rise of a number of new supply chain models, including those focused on reducing reliance on road and air by making more use of port areas,” said Wolfgang Lehmacher, MD for Greater China & India at consultancy CVA and former CEO of GeoPost Intercontinental.
More in the Journal of Commerce
Source: Forward
Source: Register-Parjornian
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