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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (82377)	10/9/2006 7:47:25 PM
From: SiouxPal	Respond to of 362296

This is giving Diebold migraines. Is they gonna screw us now, or wait? They still hang horse thieves some places but I don't have anything to back that up.

To: stockman_scott who wrote (82377)	10/9/2006 8:46:10 PM
From: American Spirit	Read Replies (1) \| Respond to of 362296

Hastert has no business running for re-election. No shame, I mean.

To: stockman_scott who wrote (82377)	10/10/2006 2:30:55 AM
From: Wharf Rat	Respond to of 362296

While reading this New York Times article on ADM, nytimes.com I started wondering how much of ADM's profits come straight out of taxpayers' pockets. Khosla obviously taps into the same seemingly bottomless revenue source. Ethanol will be 40% of ADM's net income in 2007. And this while it's generally agreed that ethanol is not profitable without subsidies. Ergo: the percentage of ADM profits from ethanol subsidies is high. Not that they don't already get fortunes in agricultural subsidies. ADM has established very close relations (an "almost merger", a joint ventures string) with Syngenta, formerly Novartis (formerly Ciba-Geigy) and AstraZeneca. Cargill has similar ties to Monsanto, and ConAgra with DuPont. The world's largest food producers team up with the world's largest chemical companies. Clearly, the boys and girls are positioning themselves for the symbiosis of food, fuel and chemicals (and subsidies). All this, of course, will be achieved through the use of GMO seeds. Since there are patents on those seeds, they have the perfect tool to kill all competition. For food and fuel. Khosla teams up with ADM on ethanol A.D.M. spent nearly three decades pushing relentlessly for the use of ethanol in gasoline, lobbying Congress and the White House and rousing farmers. But only in the last few years, amid record-high oil prices and government mandates to use ethanol, has this clear, colorless fuel -- a form of ethyl alcohol -- finally begun to catch on, transforming it from a dream into almost a religion in the Midwestern states that produce corn. Ethanol has been a boon to A.D.M.'s fortunes, helping it to achieve record earnings last year of $1.3 billion on sales of $36.6 billion. While the company does not break down the sources of its profit, analysts say ethanol could make up 40 percent of A.D.M.'s net income in fiscal 2007, about double what it meant to the company last year. With that bigger profit potential has come greater volatility in A.D.M.'s stock, which lately has mirrored more closely the rise and fall of energy prices. The idea that ethanol could one day replace more than half of gasoline is not out of the realm of possibility, either, she said, but will require successful development of ethanol from agricultural waste like corn stalks, or hardy grasses like switchgrass. The technology to efficiently produce this so-called "cellulosic" ethanol is most likely many years away. In any event, "We will be there when it's there," she said. "We want to intersect the future and still be a big player in the bio-energy world." While the plan is still being drafted, Ms. Woertz said that it clearly would involve a stronger push by A.D.M. to develop ways to make ethanol from grasses and agricultural waste -- cellulosic ethanol. She hinted that the plan might involve partnerships with venture capitalists like Vinod Khosla, the founding chief executive of Sun Microsystems, who is investing in companies working on cellulosic ethanol and other alternative fuels, and stumping for ethanol all over the country. In August, Ms. Woertz invited Mr. Khosla to sit in on a meeting in Chicago of A.D.M.'s strategic planning committee, where he briefed the executives on cellulosic ethanol opportunities. "We have discussed opportunities we could pursue together," Ms. Woertz said of Mr. Khosla. "All of this question about the longer term is something we absolutely have under way and there will be more to come." roel on Monday October 09, 2006 at 10:14 AM EST theoildrum.com