Corn prices keep slumping, and farmers keep planting more
MINNEAPOLIS — Corn farmers are throwing another government-backed Hail Mary this year, planting more of the crop than in 2019 even though prices are near the bottom of a six-year slump.“They call it plant and pray,” said Al Kluis, a commodities broker in Wayzata. “What you want is a disaster in some other part of the Corn Belt or some other country.”Favorable weather in April helped most Minnesota farmers get corn in the ground faster than last year, when a wet spring kept them out of some fields until June and some cornfields were never planted.But despite all those problems, the 2019 crop yi...
Star Tribune (Minneapolis)
Cooking with what's on hand: How to make great dinners with frozen fish or canned seafood
My freezer and pantry shelves overflow. And not just during a health crisis. The pantry shelves of most food professionals hold a variety of grains, canned chiles, condiments and broth. We utilize freezers for a convenient supply of fish and poultry, as well as to stock up on the season’s best fruits, vegetables and herbs.Frozen fish in many cases proves far superior to the “thawed for your convenience” items at the supermarket. I prefer to have control over the defrosting. Thawed properly, in the refrigerator, seafood maintains its flavor and texture all the way to the dinner table. I regular...
The Week Ahead: Paying the bill for COVID relief
In the week ahead, bond investors will continue picking up the tab for the billions of dollars of taxpayer money spent to blunt the economic consequences of COVID-19.The federal government will issue $96 billion of IOUs over the course of three days. Consider it a down payment of the $3 trillion Uncle Sam plans to borrow before the end of June. This level of borrowing is five times the quarterly borrowing by the government during the worst of the Great Recession. And it comes after $1.5 trillion of IOUs have been issued since the end of March.Before this week, the government had concentrated i...
GM hopes to stockpile billions more in cash from a one-day bond sale
General Motors sold bonds for the first time Thursday since 2018 in a one-day offering to stockpile cash amid the uncertain market conditions during the coronavirus pandemic.The automaker said it offered senior unsecured fixed-rate notes, in other words, bonds, to investors on Thursday only.At the end of the sale, GM said the pricing of three series of notes raised $4 billion. The offering is expected to settle on May 12.After the closing of the notes offering, GM said it expects to enter into a new 364-day revolving credit agreement that will provide it borrowing capacity of $2 billion. GM sa...
Detroit Free Press
Union wages proxy campaign to unseat two Alden directors from Tribune Publishing board
The union representing newsroom employees at the Chicago Tribune and other Tribune Publishing newspapers is waging a proxy campaign to unseat two board members representing hedge fund Alden Global Capital, the largest shareholder of the Chicago-based newspaper chain.In a letter dated Monday, the NewsGuild-Communication Workers of America urged Tribune Publishing shareholders to vote against the election of Dana Goldsmith Needleman and Christopher Minnetian to the eight-member board. A copy of the letter was filed with the Securities and Exchange Commission on Tuesday.Voting is set to take plac...
What to do with all those potatoes you stockpiled: Make delectable savory pancakes
Merriam-Webster defines the potato pancake as a “lobe-finned fish known chiefly from Paleozoic and Mesozoic fossils.”Sorry. That’s a coelacanth.Regardless, while both the potato pancake and the coelacanth go great with sour cream and applesauce, that’s where the similarities end. In fact, I’m not even sure why we’re talking about coelacanths in the first place. This is a family newspaper, for the love of Mike.Potato pancakes, on the other hand …Why you need to learn thisWell, taters are totally tasty and a whole heap cheaper than those 50,000-piece jigsaw puzzles you’ve been stockpiling of lat...
Don't ignore a sitting car during the pandemic. NASCAR's tips to avoid breakdown
Stay-at-home orders mean staying off the road, too, with some people not driving their cars for weeks during the COVID-19 pandemic.That can cause breakdowns if you’re not wary.Jay Sinon, an instructor with NASCAR’s Technical Institute, offered tips about heading off car trouble for those who might now park their vehicles for weeks at a time.BatteriesSinon said this is your biggest concern, in part because all the electronics in modern cars can drain down batteries even when they are sitting idle.“Without you driving your car on a daily basis, the battery is going to tend to go dead,” said Sino...
The Charlotte Observer
Retracing John Paxson's complicated 35 years with the Bulls as the organization charts a new course for the future
CHICAGO — John Paxson’s tenure as the Bulls top basketball executive — a 17-year stretch that included the post-Jordan era, Derrick Rose renaissance and this recent stagnant stage — came to an end this week.The Bulls gave Arturas Karnisovas Paxson’s old title of vice president of basketball operations. And although Paxson will remain in the organization, he will move into a new role as senior adviser. Consider him a resource for Karnisovas when needed but someone who ultimately will fade to the background.“When I came here in 1985, I never imagined what the Chicago Bulls would mean to me more ...
Large hotel, restaurant companies getting small-business loans want to spend less of the money paying workers
Large hotel, restaurant companies getting small-business loans want to spend less of the money paying workersThe Pennsylvania investment firm that owns the Ritz-Carlton Coconut Grove in Miami has applied for as many as 48 taxpayer-backed loans under an emergency program meant to help the nation’s smallest businesses hang on to their employees through the coronavirus pandemic.A Maryland hotel company that did more than $1.5 billion in revenue last year has applied for more than 50 loans — and been approved for about 10 so far.And Florida-based Ruth’s Hospitality Group Inc. — the parent company ...
Investments in IT sector down 42% in first quarter
Investments in IT sector down 42% in first quarterLouella Desiderio(The Philippine Star) – April 13, 2020 – 12:00amMANILA, Philippines — Investments in the information technology (IT) sector registered with the Philippine Economic Zone Authority (PEZA) dropped by 42 percent in the first quarter from a year ago, with no new investments approved in March due to the coronavirus disease 2019 or COVID-19 outbreak.Data from the PEZA showed investments for the IT sector reached P2.33 billion in the first quarter, down from the P4.01 billion in the same period last year.As IT investments decreased, th...