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Source: New York Post
Source: WBAI Radio's Building Bridges: Your Community and Labor Report
Source: Sacramento Bee
Source: San Jose Mercury News
From Fox Business:
A consolidation is underway in global grain trading as the major players position themselves for an expected surge in demand for food commodities, particularly in Asia.
The following are some of the key moves during the last couple of years:
OCTOBER 2012 – Archer Daniels Midland bids $2.8 billion for Australia’s GrainCorp in a deal that could give it a platform to supply Asia.
MAY 2012 – Japanese trading house Marubeni Corp. <8002.T> agreed to buy U.S. grain merchant Gavilon for $5.6 billion including about $2 billion in debt. The deal positioned Japan’s top grains trader to benefit from China’s booming demand for imported corn from the world’s biggest supplier.
MARCH 2012 – Glencore agreed to buy Canada’s largest grain handler Viterra in a $6.2 billion deal to provide the world’s top commodities trader with a powerful position in both the Canadian and Australian markets.
DECEMBER 2010 – Canada’s fertilizer and farm products retailer Agrium buys AWB Ltd. Australia’s largest bulk wheat exporter, for around A$1.2 billion. Part of the business is subsequently sold on to Cargill.
More at Fox Business
Longshoremen began unloading a variety of cargo Sunday morning at the Maher and APM container terminals along Newark Bay in Elizabeth, the Port Authority of New York and New Jersey said. Several ships were expected at the two terminals today, said the Port Authority.
Jim McNamara, a spokesman for the ILA, said it wasn’t just wages at stake.
“The members were anxious to get back to work not only for their own employment, but to get things back to normal,” McNamara said. “Commerce is moving again, and that’s very important for everybody, and we’re anxious to be part of that.”
More in the Star-Ledger
Longshore members on the West Coast are supporting our brothers and sisters on the East Coast. From Portland Local 8 Federal Credit Union:
As you know, Hurricane Sandy pounded the East Coast, killing dozens, leaving millions without power, and thousands without homes or transportation. Our Brothers and Sisters in the International Longshoremen’s Association working the Northeast ports were hit particularly hard. Not only are their homes and possesions under water, but the ports have been damaged as well.
The ILA has identified 8 “A Man” members who have lost everything to Hurricane Sandy. It’s time for us to come together as a family and support our Brothers and Sisters. To do this, we’ve set up a relief fund to help out those Longshoremen familes in need. Not only will 100% of the donations go directly to the families, but Portland Local 8 Federal Credit Union will also match 100% of donations up to $10,000.
The Hurricane Sandy Relief Fund will be running until 11/30, so spread the word. To donate, simply click on the PayPal link below and donate what you can. If you have any questions about the donating or the relief fund, please don’t hesitate to contact us...
Longshore union leaders and Northwest grain terminal owners have agreed to continue contract talks cloaked in secrecy in hopes of averting a lockout at Portland-area and Puget Sound ports.
Representatives of union locals and an association of grain terminal employers will keep negotiating, as requested by a federal mediator, according to a news release issued Friday by the Federal Mediation and Conciliation Service in Washington, D.C.
More at the Oregonian
Source: Washington Post
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