Mamdani seals remarkable victory - but real challenges await
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He entered the race largely unnoticed but the new mayor can expect to face
serious scrutiny in office.
28 minutes ago
FDA Claims Walnuts to be Illegal Drugs
Well the Food and Drug Administration has really made a name for themselves this time.
In response to claims by a company named Diamond Foods that walnuts possess health benefits, the FDA sent the company a letter informing them of their wrongdoing.
What did Diamond Foods do wrong? According to the FDA, claims made by Diamond Foods that omega-3′s found in walnuts produce health benefits make their walnuts “drugs”.
As far as the FDA is concerned, these “drugs” can not be legally marketed in the United States without an approved new drug application.
Read more here:
http://www.riseearth.com/2012/01/fda-claims-walnuts-to-be-illegal-drugs.html#more
Twinkies Maker Preparing for Chapter 11 Filing
Hostess Brands Inc. is preparing to file for Chapter 11 bankruptcy protection as soon as this week, said people familiar with the matter, a move that would mark the second significant court restructuring for the Twinkies and Wonder Bread baker in the past several years.
The privately held Irving, Texas, company, which employs roughly 19,000 people and carries more than $860 million in debt, has been facing a cash squeeze amid high labor costs and rising prices for sugar, flour and other ingredients, according to people familiar with the matter. Those costs together have proved higher than the company's roughly $2.5 billion in annual sales, creating losses and cash shortfalls, the people said.
Read full article here:
http://online.wsj.com/article/SB10001424052970204124204577151211961572458.html
Why Iceland Should Be in the News, But Is Not
An Italian radio program's story about Iceland’s on-going revolution is a stunning example of how little our media tells us about the rest of the world. Americans may remember that at the start of the 2008 financial crisis, Iceland literally went bankrupt. The reasons were mentioned only in passing, and since then, this little-known member of the European Union fell back into oblivion.
As one European country after another fails or risks failing, imperiling the Euro, with repercussions for the entire world, the last thing the powers that be want is for Iceland to become an example. Here's why:
http://www.truth-out.org/why-iceland-should-be-news-not/1322327303