Opinion

The Great Debate

from Breakingviews:

Ushering Eric Cantor to revolving door

By Rob Cox

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The following is a fictional letter that could be circulated in the corridors of K Street, the canyons of Wall Street and the hedgerows of the Hamptons this summer:

From the desk of Rick Rooter, Executive Placement Specialist

Dear Sirs and Madams:

I am writing to you as the exclusive agent for a former high-ranking member of the House of Representatives who will soon be eligible for employment by your organization. My client has asked to remain anonymous until he has cleared all remaining business with the current Congress, though the following will provide you with sufficient information based on his voting record, extensive legislative experience and public statements to assist with your consideration of his candidacy as a senior adviser to your business, both in counseling executives on important public policy matters and engaging with your clients on the same.

In the first instance, my client is particularly well suited for Wall Street despite never having worked directly in the financial industry. As you shall see, though, his qualifications extend far beyond banking, with a deep record of defending the interests of the food, restaurant and tobacco industries, and other major employers of import to the United States economy.

The aforementioned candidate fought hard in the legislative trenches against the bureaucratic forces threatening the lifeblood of American capitalism. He was a staunch opponent of the onerous Dodd-Frank Wall Street Reform and Consumer Protection Act, a proposal opposed by institutions large and small, and their respective trade associations. Ahead of the legislation’s passage just over four years ago, the candidate called the legislation “a clear attack on capital formation in America.”

Stepping up to the plate to reduce food waste

How many times have you reached into the refrigerator, only to discover the yogurt or fruit juice you were looking forward to enjoying had passed its expiration date?

What next? Did you sling that yogurt into the trash? Pour the juice down the sink? You probably congratulated yourself on a lucky escape. After all, who knows what might have happened had you unwittingly consumed a food a few hours past its “sell by” date?

In fact, it’s likely you would never have noticed. Food date labels are typically unrelated to food safety. They are simply a manufacturer’s suggestions for “peak quality” and a shelf life they set by their own market standards. The dates don’t tell you when your food will spoil, nor do they indicate the safety of food.

Awakening Africa’s sleeping agricultural giant

Hans Binswanger is the former senior adviser to the World Bank on rural development in Africa. He is currently an independent agriculture and development consultant based in South Africa. The opinions expressed are his own.

The World Bank’s recent study of the prospects of commercial agriculture in Africa focused primarily on the Guinea Savannahs that cover some 600 million hectares, of which about 400 million can be used for agriculture. Less than 10 percent of this area is currently cropped, making it one of the largest underused agricultural land reserves in the world.

During the past four decades, two similar, backward, landlocked, and largely rain-fed agricultural regions developed rapidly and became international agricultural powerhouses: The Cerrado of Brazil and Northeast Thailand. The difficult agro-ecological conditions, remoteness, and poverty levels of the two regions were successfully overcome, and the same should happen in the Guinea Savannahs.

from Africa News blog:

Selling Africa by the pound

The announcement by a U.S. investor that he has a deal to lease a swathe of South Sudan for farmland has again focused attention on foreigners trying to snap up African agricultural land.

A few months ago, South Korea’s Daweoo Logistics said it had secured rights to plant corn and palm oil in an even bigger patch of Madagascar - although local authorities said the deal was not done yet. Investors from Asia and the Gulf are looking elsewhere in Africa too.

Investor interest in farmland – not only in Africa – grew sharply after food prices shot to record highs last year. Although commodity prices have fallen since, there is still anticipation of long term demand growth once the world emerges from its current economic troubles.

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