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To: Road Walker who wrote (176252)12/24/2003 9:01:32 AM
From: Amy J  Read Replies (3) | Respond to of 186894
 
Hi John and Thread, doesn't fish sound yummy for the holidays : )

Mad cow disease hits USA:

washingtonpost.com

The brain and spinal tissues of the cow, the parts known to be affected by BSE, were diverted to a rendering plant where the tissues were heated and ground up. Murano said that the rendering plant might have turned the infected tissue into chicken feed or processed it for the cosmetics industry. Mad cow disease is not believed to be transmitted through those routes.

There is a small possibility chickens that ate the infected meat could have been slaughtered in turn and ended up as cattle feed -- but the disease has not been shown to be transmissible in this manner, said W. Ron DeHaven, deputy administrator and chief veterinary officer at the USDA.

Meat from the rest of the infected cow was sent to a deboning plant called Midway Meat and then to two processing facilities, Willamette and Interstate Meat, the USDA officials said.
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upi.com
"USDA refused to release mad cow records"

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Unfortunately, this will cost us. The incubation period is something like 7 years or so. Signapore has banned USA meat for around 7 years.

cnn.com
"Beef import bans could cost U.S. billions
Agriculture officials make 10,000-pound meat recall"

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A Senator had wanted to conduct tests for mad cow on all cattle, rather than the tiny percent they currently do. Guess he gets his wish to be preventive, only after a few billion is wasted due to non-preventive action. Poor risk cost management by Congress.

Though doubt this impacts the general stock markets if it's total impact is only 3-5 billion.

Regards,
Amy J



To: Road Walker who wrote (176252)12/24/2003 2:01:06 PM
From: Lizzie Tudor  Read Replies (2) | Respond to of 186894
 
It's interesting to see the hand wringing over the loss of technology jobs to off shore. I don't remember the same angst over the loss of textile manufacturing jobs, which has been going on for years.

The difference was that the textile industry loss didn't drain so much from the economy that any recovery refused to happen. Other industries popped up to replace the textile industry fairly quickly. In the case of this "white collar" jobs exodus (which is not limited to technology at all)- we can't seem to get out of this economic funk. As you know this recession ended in 01. We have strong GDP now (a number which is pretty far offbase and probably counting foreign GDP based on US firms as our own imho) but a sluggish retail xmas season. There has never been a "job loss" recovery like this one before, to my knowledge. The white house economists have predicted a fairly anemic 150K job creation next year, in what is supposed to be an "economic boom"- personally I doubt this job creation happens- or more accurately I am sure it will happen in spades, just not in the US.

to me this is not a real recovery-
Orders for Durable Goods Dropped 3.1% in November
DOW JONES NEWSWIRES
WASHINGTON—Durable-goods orders unexpectedly fell for the first time in three months in November amid a plunge in orders for computers, communications equipment and aircraft.