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16 Jun 2011 20:41

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Biz, U.S.: Amendment killing ethanol subsidies passes — but bill may not

  • The best way for ethanol to survive is to stand on its own two feet, without spending something we don’t have to get something we’re going to have anyway.
  • Sen. Tom Coburn • Making an argument against handing out ethanol subsidies — which cut gas prices but also cost the federal government $6 billion per year. An amendment to kill the subsidies passed both the House and Senate. In the case of the Senate, it was a straight-up bipartisan vote: 73-27. And a number of groups — including environmental groups — note that the subsidies are no longer needed because the federal government already requires refineries to mix ethanol and gasoline. However, don’t get too excited, budget hounds: The amendment is tied to an economic development bill that likely will not pass. source
Posted by Ernie Smith • 0 Comments • Permalink

14 Sep 2010 16:58

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Culture: High-fructose corn syrup is so last decade

  • newIf the Corn Refiners Association has its way, high-fructose corn syrup will be replaced with “corn sugar” within the next few years.
  • old “Corn sugar” is actually the same thing as HFCS. They’re just trying to change the name to counteract HFCS’s bad reputation. source
  • what do you do when everyone realizes that your product contributes to one of the leading causes of preventable death worldwide? You change it’s name, of course, so people won’t know what they’re eating! That, and you launch a PR campaign to convince people that it’s actually not that bad for you. In related news, it’s not TV, it’s HBO! source
Posted by Seth Millstein • 0 Comments • Permalink
 
 
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