Grassley fights to preserve ethanol tax credit in Senate showdown
In Washington, Senator Chuck Grassley leads resistance as Sen Coburn and Sen Cardin push to end the 45 cent per gallon ethanol subsidy. Supporters cite rural grain prices and energy policy, while opponents call the credit bad economics and environmental policy. Grassley seeks renewal to keep ethanol viable.
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Capitol News Connection
Washington
Chuck Grassley
Senate
Tom Coburn
R-Okla
Ben Cardin
D-Md
Coburn
Cardin
Robert Petersen
Walcott
Grassley
Coffee price surge hits Iowa roasters and shops
Patrick Hogan reports rising coffee futures from 1.40 to 2.70 per pound as global crop setbacks and growing demand lift costs for Cedar Rapids roaster Ulrich of L&L Coffee Co. Local shops face higher bean prices while responding with supplier price checks and adjusted menus.
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The
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L&l Coffee Co
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TEPCO Downplayed Tsunami Risk At Fukushima Site
AP confirms Tokyo Electric Power Co officials ignored scientific evidence and long geological history while planning defenses for Fukushima Daiichi. Optimistic assumptions underestimated tsunami height, leading to reactors being flooded beyond worst case and brink of multiple meltdowns.
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Tokyo
Japan
Associated Press
Tokyo Electric Power Co
Fukushima Daiichi
National Nuclear Safety Agency
TEPCO
Medicare rise could wipe out Social Security increase
Millions of Americans on Social Security may see no increase next year as Medicare Part B premiums rise. The government plans a small cost of living adjustment, but higher premiums could swallow the rise for many beneficiaries. About 45 million people receive both programs, with a hold-harmless rule shielding most from pay cuts. AARP's David Certner says up to three fourths could lose their full Social Security increase to Medicare premiums.
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Associated Press
Washington
United States
David Certner
AARP
U.S. Treasury
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