Monday 26 October 2009
Monsanto: St. Lois we have a problem
Despite its market dominance Monsanto & Co. is continuing to show financial loss according to the St. Lois Business Journal this month:
Monsanto Co. reported Wednesday a wider fourth-quarter loss on charges from recent layoffs and the sale of its sunflower operations. Monsanto lost $233 million in the quarter ended Aug. 31, compared with a loss of $172 million a year earlier. Results reflected restructuring charges that included the costs of staff reductions, streamlining brands, and office and facility consolidations. Monsanto recently cut 1,800 jobs, including 300 in St. Louis.
Monsanto's woes do not stop there however, because there is growing unease among government regulators around the world who suspect that anti-competitive practices abound in the global seed industry, not least in the multinational's home country America.
Here are the opening paragraphs of 23 October 2009 of The American Antitrust Institute white paper discussing the issue Transgenic Seed Platforms:
Competition Between a Rock and a Hard Place?:
With the widespread adoption by farmers of corn, cotton, and soybean seed containing transgenic technology, the U.S. seed industry has changed rapidly in the past twenty years. The largest changes include the creation of strongholds of patented technology and the gradual elimination of the numerous regional independent seed companies through consolidation. Resulting increases in concentration in affected markets has been driven largely by the industry’s dominant firm, Monsanto.
A threshold question to consider is whether Monsanto has exercised its market power to foreclose rivals from market access, harming competition and thereby slowing the pace of innovation and adversely affecting prices, quality, and choice for farmers and consumers of seed products. If the answer to this question is yes, remedying the intractable competitive situation that prevails in the transgenic seed industry may require antitrust enforcement, legislative relief, or both. The problem highlights both the importance of competition policy and the security and diversity of a key agricultural sector.
White Paper PDF download here.
* This post is part of North Coast Voices' effort to keep Monsanto's blog monitor (affectionately known as Mr. Monsanto) in long-term employment.
Sunday 25 October 2009
The Twitterverse on the Coalition's CPRS emissions trading scheme bill amendments
The Twitterverse is underwhelmed by Malcolm Turnbull's proposed amendments to the Rudd Government's Carbon Pollution Reduction Scheme Bill 2009.
no_filter_Yamba Coalitions ETS amendments - NO, NO, NO, NO and NOoooo! http://bit.ly/4oWFm2 2 minutes ago from web
A triumph of ego over substance: Steve Fielding once again demonstrates why he's such a lightweigt politician
It would appear that Family First's one and only federal senator, Steve 'I'm an engineer so I know about stuff' Fielding, is feeling slighted by the Australian public broadcaster, if his recent Senate estimates committee questions to the ABC's managing director are any indication.
A triumph of ego over substance and a waste of time at taxpayers expense:
Could you give us a handle on biases in The 7.30 Report, just generally? Are there some sorts of guidelines about keeping an eye on it?.........
Do you have any monitoring of the range of viewpoints by political parties that have actually been on The 7.30 Report?......
There are three parties sitting in the crossbenches with equal weighting and I thought those views would be interesting to hear on The 7.30 Report. I cannot recall the last time that Family First appeared on The 7.30 Report. I am just wondering: is something going on there?.......
But not it seems Family First's favourite bottle imitator, to his obvious chagrin.Photograph of Senator Fielding as a bottle from The Sydney Morning Herald
The incredible beauty of small things
Tiny red fungus at Chatswood (NSW) by cskk
One of a series of photographs Most Beautiful Mushrooms
A rare endangered Australian fungus from the Lane Cove (NSW) area
Best online media headlines of the week that's past
The Vatican finally gets its revenge on Henry VIII
A Brisbane Times article on the Catholic Church further relaxing its criteria for admission of Anglican clergy and parishioners into Teh Church of Rome.
Australians all let us react, says right
WA Today piece by Richard Ackland on asylum seeks.
Driver loses licence after 45mins
News.com.au tells the world about an 18 year-old caught out less than a hour after passing his driving test.
Giant seagull appears behind Nine newsreader Peter Hitchener
News.com.au again, this time proving that a picture is worth yada, yada, yada....
Poll: Fewer believe in global warming
MSNBC and Ali Weinberg giving the big polluting multinationals some cheerful news at breakfast.
'Day after tomorrow' map shows consequences of climate change
The U.K. Telegraph also tackles the climate change subject by announcing a Science Museum map showing Great Britain can expect sea level rise, drought, heat wave and food shortages if global temperatures continue to trend upwards.
Obama makes a hero of Fox News
Kansas City Star lets us know that the U.S. President is a miracle worker.
Saturday 24 October 2009
First Dog On The Moon Presents: How To Deny Climate Change! An illustrated Typography of the Denialist's Journey
First Dog on the Moon at Crikey takes on Andrew Bolt and climate change denialism on 16 October 2009:
Click on
flow chart
to enlarge
A cry from the heart......
From the Koori Mail online: