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Source: Huffington Post
Source: AFSCME
Source: USW
Source: Boston Globe
Source: PRWeb
Source: Sac'to Bee
For the 2014-2015 marketing year beginning Sept. 1, the report projects a seasonal average farm price of just $3.65 per bushel of corn–compared to $4.50 for the current year. In 2015-2016, the price drops further to $3.30 per bushel before beginning a slow but steady climb back up to $4.10-$4.20 per bushel by 2023 and 2024. That’s a much steeper decline than many had expected and well below the corn prices assumed by the Congressional Budget Office in scoring the new farm bill.New economic projections released by the Agriculture Department recently carry a sober warning of what lower corn prices could mean for the cost of the new farm bill over the next few years.
Of special interest is the spike shown in government payments under the so-called ACRE revenue protection program under the old 2008 farm bill.
Indeed, from 2015 to 2017, the report shows that total government payments to farmers would jump by about $21 billion over what the department had forecast a year ago.
The bottom line is ARC seems almost certain to cost more than what the CBO had estimated, but the jury is still out on how big that swing will be.
More at Politico
From Energy Global:
Research firm Wood Mackenzie expects lengthy delays to the anticipated Panama Canal expansion to impact the coal, liquefied natural gas and petrochemical industries.
Significant disruptions will limit profitability for US LNG producers, create a tighter shipping market and affect the US Gulf Coast petrochemical industry. On the other hand, US coal producers are set to benefit considerably from the expansion once it is complete.
Andrew Buckland, Senior LNG Shipping Analyst at Wood Mackenzie, said: “If the delays last 6 –12 months, it will have limited impact, as trade will carry on much as it does now, but further delays threaten the investments of a significant number of groups that are set to benefit from expanded capacity on the waterway.”
Read more at this link
MUA assistant secretary Ian Bray said it was disgraceful that the state government had refused to reveal the size of the payout, with the money transferred directly to shareholders rather than being used to retain staff. ”If Patrick gets its way, three out of four workers at … Webb Dock will have to sit by the phone to be told two hours before a shift that they will be required, and there will be different start times for shifts each day,” Mr Bray said. Photo from September 2013, Switzerland.Waterfront operator Patrick Stevedores has been secretly handed $18.5 million to compensate for disruptions caused by the expansion of the Port of Melbourne.
The Maritime Union of Australia is furious, claiming the secret deal underpins a taxpayer-funded push to casualise the port workforce.
In a report to the Australian stock exchange, Patrick’s parent company, Asciano, last week confirmed it had received the payment because of the early termination of its lease at Webb Dock, an area of the port that is being redeveloped.
Patrick has already announced that as part of the redevelopment it will be offering redundancies to its 260-strong stevedoring workforce. The union says...
Source: York Daily Record
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