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USDA Predicts Food Prices To Rise In Drought's Wake

The USDA released its latest forecast on retail food prices on Wednesday. The drought is expected to affect prices for corn, and beef and poultry prices are expected to rise as much as 4.5 percent this year, but it's too soon to know exactly how much it will affect consumer's wallets.
NPR

Geithner Defends Response To LIBOR Scandal

Treasury Secretary Timothy Geithner was on Capitol Hill Wednesday to talk about the implementation of Dodd Frank. But the questions focused on why the New York Fed, under Geithner, didn't act more aggressively when it first learned about possible manipulation of a key interest rate.
NPR

'Truly Ironic': Sandy Weill Says Big Banks Should Be Split Up

Weill was architect of the Travelers Group and Citicorp merger that ushered in the era of "too big to fail."
NPR

Your Subsidy Is My Incentive

A research group tallies up all government spending and tax breaks across nine sectors of the economy — with eye-opening results.
NPR

Pray For Rain: Food Prices Heading Higher

The government forecasts food prices will go up as much as 3.5 percent this year; meat prices will rise as much as 4.5 percent. If the drought continues, prices may go up even more. "Until we get that first heavy rain, we're not going to know for sure" just where prices will end up, a USDA economist says.
NPR

When It Comes To Tax Cuts, Neither Side Is Blinking

Democrats and Republicans are going to the brink over tax cuts for the wealthiest Americans in a showdown that threatens to send the U.S. over a year-end "fiscal cliff." So what's at the heart of the impasse?
NPR

Hearing On N.Y.'s Soda Ban Brimming With Opinions

New York City held its first and only public hearing on Mayor Michael Bloomberg's proposed ban on super-sized sodas Tuesday. One critic of the ban said a lazy lifestyle contributes to obesity just as much as soda; a supporter said he lost 50 pounds by cutting out sugary drinks. The health board will vote on the ban in September.
NPR

Utilities, Customers At Odds Over Downed Trees

After years of being criticized for power outages caused by falling trees, utility companies are aggressively cutting down trees near electrical lines. Sounds sensible, but homeowners complain that the cutting often happens on private property, and even healthy trees are fair game.

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