Word: tradings
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Perhaps it was his background as a community organizer helping laid-off steel workers find work, or his promises to close the book on discredited trickle-down economics and renegotiate unfair trade deals. Few groups were as happy about the election of Barack Obama as organized labor, which felt it finally had a champion after more than three decades of being marginalized...
...been critical of the United Auto Workers, arguing that the union must be willing to grant concessions on its workers' hard-fought wages and benefits. Labor has also been disappointed by some of Obama's initial appointments. Rep. Xavier Becerra of California turned down the job of U.S. Trade Representative because, he told a radio station, he felt overhauling trade agreements would not be a top priority of the incoming Obama administration. Obama's eventual pick, former Dallas Mayor Ron Kirk, has a record of supporting free trade deals, anathema to labor. And some progressives were disappointed that Obama passed...
...doesn't always blow. At Kuzumaki Highland Farm, 200 dairy cows share the power load. Their manure is processed into fertilizer and methane gas, the latter used as fuel for an electrical generator at the town's biomass facility. Nearby, a three-year project sponsored by Japan's Economy, Trade and Industry Ministry's New Energy Development Organization (NEDO) uses wood chips from larch trees to create gas that powers the farm's milk and cheese operations. The bark of other trees is also made into pellets for heating stoves used throughout the community. A local winery, for instance...
...advance to 85 to the dollar within three months and to 83 over the next year. Intervention, he says, will come at the 85-level, but even then it is difficult to predict what will happen. "What we're seeing is the unwinding of the yen carry trade," says JPMorgan Chase's Sasaki, referring to the practice of buying low-interest yen and investing it in high-yield currencies. "It's a very strong and powerful movement and it's difficult to stop it. I think that Japanese officials understand that and that's why they haven't intervened...
...Collin Peterson or former ranking member Charlie Stenholm. Vilsack does have predictably close ties to traditional agriculture and agribusiness, and he did run the nation's leading corn and soybean state. But he has also been a supporter of farm-conservation programs, clean-water regulations and a cap-and-trade scheme to prevent global warming. "He's not really an aggie," says one lobbyist involved in food and agriculture issues...