KKR To Invest In China

All over America, formerly prosperous communities are being transformed into crime-infested wastelands of poverty and despair. Of course the most famous example of this is Detroit. At one time, Detroit was the greatest manufacturing city that the world had ever seen and it had the highest per capita income in the entire country. But now it has become a rotting, decaying hellhole that the rest of the planet laughs at. And of course Detroit is far from alone. There are hundreds of other U.S. cities that are suffering a similar fate. In this article, the focus is going to be on Camden, New Jersey, but the truth is that there are lots of other “Detroits” and “Camdens” all over the nation. Jobs and businesses are leaving our cities at a staggering rate, and what is being left behind is poverty, crime and extreme desperation.

Continued

http://player.theplatform.com/p/2E2eJC/EmbeddedOffSite?guid=n_mj_toptalk2_140127

Sen. Rand Paul took on the “war on women” debate on Sunday, saying women are succeeding and that the war is something Democrats have concocted against Republicans. The Morning Joe panel discusses.

Washington State tears off GMO label bill

Washington state experienced an expensive fight over the labeling of genetically modified foods or GMOs. The bill in question would have mandated that all foods containing GMOs are labeled clearly for consumers, including cereals, soft drinks chips and many other items. The bill was ultimately voted down by Washington voters by a 10 point margin.

The for labeling campaign calling for greater consumer transparency through labels of all products containing GMOs. The against labeling side claimed that labeling GMO foods would create an increased cost to consumers. The opposing side had a lot of large financial backers including the Grocery Manufacturers Association which represents big food corporations such as Campbell Foods, General Mills, Hillshire Brands, and PepsiCo. Together they raised contributed $1 million dollars to oppose the bill. Other donations against the bill came from big agricultural companies such as DuPont, Monsanto and Bayer CropScience. Their contributions totaled around $11 million. So now that the bill didn't pass and GMOs are not labeled we should ask ourselves, how much of our food is GMO and does this make a difference? If we look at the GMOs crops grown today, around 95% of U.S. commodity crops are GMO. This includes 94$ of sugar beets, 90% of soybeans, and 88% of cotton and feed corn. Papaya are an interesting case that demonstrates the benefits of GMOs. In the 1980s basically all papaya was wiped out of Hawaii due to a ringspot virus. Today papaya's grow again on the islands due to virus resistant GMO crops. In the actual stores GMO foods include basically any processed foods with sugar. For the most part non-processed foods are not GMO, for example tomatoes, potatoes, wheat and rice are not GMO in the U.S. Now there is a lot of talk about GMO foods being unhealthy. This for all intents and purposes is not true. If we look at sugar as a general example, by the time it is processed and put into your food the sugar has no chemical difference between non-GMO sugar. There are also claims that crops that are genetically modified with other animals DNA are some how bad for us. The idea that DNA is somehow owned by one animal or another is also absurd. DNA and RNA create the language or code that define life. Essentially all living things have this code and share similar parts of it. Taking code from a fish to create corn with protein may sound weird but it is just a length of code. Humans may share 99% of our DNA with apes but we also share 30% of our DNA with a potatoes. I think GMOs are a amazing step forward for science, being able to make crops resist viruses and grow more effectively with less water has huge agricultural advantages.

Improving College Outcomes

Hamilton Project released three new policy proposals by outside experts on how to changes in student lending and financial-aid policies can help improve college outcomes. The findings from the paper are here. 

The Brookings institute is a nonprofit public policy organization based in Washington D.C. Their mission is to conduct high-quality independent research to provide practical recommendations that advance three goals:

1. Strengthen American Democracy

2. Foster economic and social welfare

3. Secure a more open, safe and prosperous international system

The institute has notable leadership such as president Strobe Talbott and board members like Lazard CEO Kenneth Jacobs. 

A few days ago we noted a major Senate demand of the Treasury Secretary that foreign nations’ currency manipulations should be punished (supported by American Manufacturers Associations). Today we find out that Eric Holder and his DoJ crew have found that nine Japanese car parts makers have colluded to raise prices. As part of the scheme, more than $5 billion in auto parts were sold to U.S. car manufacturers and installed in cars sold in the United States and elsewhere. The companies will pay more than $1.6bn in criminal fines. Seems like a small price to pay for the Japan being allowed to devalue its currency boosting its own car exports?

Continued

Rush Hour on Flickr.