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Former chief says taxes and rules on junk food are coming
Red Alert Politics
Larry Summers, chair of the White House National Economic Council when the 2009 stimulus was developed, suggests President Barack Obama will tax and regulate junk food to drive people to eat more healthily — although he dinged first lady Michelle Obama's healthy foods initiative. More
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Restaurants: Renewable fuels hikes price of food
Argus Leader
Diners might have to pay more for chain restaurant meals in coming years because of billions of dollars in extra costs generated by a federal mandate that requires ethanol to be blended into the country's gasoline supply, according to a study released Wednesday.

Related article:
  • A mandate to raise food prices (The Wall Street Journal)
  • More

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    Tom Vilsack to meet with Hill farm bill players
    POLITICO
    The four top House and Senate players on the farm bill are scheduled to meet Thursday with Agriculture Sec. Tom Vilsack, a luncheon which has taken on added importance given the growing pressure for some resolution before the end of next month. More
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    Confident Obama sees path to fiscal cliff win
    POLITICO
    Business executives and others who've met with President Barack Obama in recent days describe a president who's supremely confident he'll come out on top of a fiscal cliff deal — with Republicans bending to his will on tax increases for the wealthy and Democrats sucking up deep spending cuts.

    Related articles:
  • Marriott CEO: Obama asked for CEOs' help on fiscal cliff (POLITICO)
  • Geithner set for talks on fiscal cliff; senator sees standoff (CNBC)
  • Boehner: 'No substantial progress' on fiscal cliff after Geithner meeting (The Washington Post)
  • More

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    House Democrats waste no time plotting for 2014
    POLITICO
    Barely three weeks after losing their bid to retake the House, Democrats are back at it again. They're zeroing in on their top GOP targets for 2014. They're trying to figure how to win in the South in a nonpresidential year. They're poring over data from the 2012 election. And — most critically, say those involved in the early talks — they're trying to find candidates. More
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    What Mitt Romney did right
    The Washington Post
    In an op-ed Wednesday, Stuart Stevens, the chief strategist for Mitt Romney's unsuccessful presidential candidacy, made the case that his candidate did lots (and lots) of things right in the race. More
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    Emulsifying Protein Enhances Frozen Sauces
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    Shuster to take over key transportation committee
    Truckinginfo
    Rep. Bill Shuster, R-Pa., will replace Rep. John Mica, R-Fla., as chairman of the House Transportation and Infrastructure Committee. The group is the key truck-related panel in the House, with oversight of the Department of Transportation and the Federal Motor Carrier Safety Administration. It is the committee that will draft the next major highway bill, due in 2014. More
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    EU: No need for new study on Monsanto corn
    The Wall Street Journal
    Europe's food safety regulator has set aside an earlier study linking Monsanto's genetically modified corn to cancer.

    Related articles:
  • EFSA finalizes rejection of French GM maize study (Food Navigator)
  • 13 nations endorse statement on low-level presence of GMOs (Food Chemical News)
  • More

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    Editorial: Safe peanut butter, and beyond
    Los Angeles Times
    The FDA used its new power to shut down a peanut butter plant, but other parts of the Food Safety Modernization Act haven't been implemented. More
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    Fed's Beige Book finds weak factory activity
    MarketWatch
    Business contacts told the Federal Reserve that manufacturing was either slowing or outright contracting as the fiscal cliff clouds the outlook for factory owners, according to the latest so-called Beige Book report on current economic conditions released Wednesday. The extent of weakness in manufacturing was more pessimistic than recent reports on durable goods and industrial output and caught economists by surprise. More
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    BPI seeks return of ABC defamation suit to state court
    Sioux City Journal
    Lawyers for Beef Products Inc. asked a federal judge Wednesday to return the company's $1 billion defamation lawsuit against ABC News to state court in South Dakota. Dakota Dunes-based BPI also filed a motion opposing ABC's request to throw out the high-profile case. More
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    ConAgra refinancing plan hurt by Ralcorp bond provisions
    The Wall Street Journal
    ConAgra Foods may not be able to take advantage of easy credit markets to lower the interest on any bonds it assumes after it closes a deal to buy Ralcorp Holdings.

    Related article:
  • Analyst: ConAgra could see TreeHouse Foods as takeover target (Chicago Tribune)
  • More

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    Produce prices deflate, but increases on tap for 2013
    The Packer
    Consumers have found plenty of bargain prices for fresh fruits and vegetables this year, a new government report reveals. Unusually low fruit and vegetables prices have kept overall retail prices for food in check through October this year, according to the U.S. Department of Agriculture's Economic Research Service. More
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    Grocery stores, gas stations teaming up for discounts
    Des Moines Register
    The first time a customer paid 1 cent for a gallon of gas at the Hy-Vee fuel station near his grocery store, Lucas Glasgow, director at the Hy-Vee in Owatonna, Minn., described the mood in his store as "shocking." The customer had enrolled in a pilot program, called Fuel Saver, that matches incremental gasoline discounts with certain purchases at the grocery store. Like a game, the shopper scanned the circular each week and coordinated his purchases to match the discounts. More
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    Southeast Frozen Foods expanding
    The Times and Democrat
    Southeast Frozen Foods, a food distributor and cold storage provider, is undertaking a $4.5 million, 31,000-square-foot expansion at its facility near Gaston, S.C. Its investment is expected to generate about 20 jobs over the next three years, primarily for warehouse operators and equipment drivers. More
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    Meat processor vows closer ties
    The Pueblo Chieftain
    Executives of meat processing giant JBS USA say the company will take a more active civic role in the Greeley, Colo., area, where the company employs about 4,000 people. More
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    UK retailer launches 100 new grocery lines
    Retail Gazette
    U.K. discount retailer Poundland has launched over 100 new grocery lines as it seeks to strengthen its position within the increasingly competitive grocery market. Expanding on its existing 252 lines already available within the range, Poundland is looking to offer more everyday essentials. More
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    Frozen Express
    Colby Horton, Vice President of Publishing, (469) 420-2601
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