There’s a battle happening in organic farming, and it’s not about labeling or the setting of standards. In May, the Organic Trade Association submitted a revised proposal to the U.S. Department of Agriculture to impose a special tax on organic farming. Called a “checkoff,” this tax would apply to all organic farmers, handlers of organic […]
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In July, the public learned that Goldman Sachs and several other large banks have morphed into giant merchants of physical goods, routinely shipping oil, running power plants, and amassing stocks of metals so large that Coca Cola accused them of hoarding. It was a disconcerting moment, as regulators realized that firms so recently known for their explosive mortgage-backed securities also deal in goods that can literally explode.
But that was only half the story.