Business & Technology

Meat Wagon: Fowl play

Is Tyson trying to drive its biggest chicken competitor out of business?

In Meat Wagon, we round up the latest outrages from the meat and livestock industries. ——– Update [2008-11-18 12:4:19 by Tom Philpott]: The credit-rating agency Fitch has come out with a presentation claiming that a Pilgrim’s Pride bankruptcy is “pretty inevitable” and would benefit its rivals (including Tyson), Reuters reports. PP’s bonds are trading at a 10 cents on the dollar — meaning investors are assuming it will soon slide into bankruptcy. —— Something weird is happening in the meat industry, which is dominated [PDF] by a handful of large companies. The weirdness involves Tyson Foods, which is the largest …

Why the health of the auto industry matters to you

Automotive industry provides $13 million jobs, generates $10 billion in tax revenue

This post is a response to Joseph Romm’s post, “Mo’ money, mo’ problems,” on the future of the American automotive industry. —– Most Americans rely on their cars to drive to work or leisure but never realize the auto industry is important to their pocketbooks, too. When the economy sinks, consumers delay purchases … starting with a new car. Consumers who want to buy may not get credit, and 90 percent of new autos are financed. It’s a depression in the auto industry today. October auto sales were the lowest in two decades, down 32 percent from a year ago. …

Big-money investors urge global climate deal

In a letter timed to kick policymakers in the pants before an upcoming United Nations climate summit, more than 130 investors holding more than $6 trillion in assets urged world leaders to rassle up a binding agreement to reduce global greenhouse-gas emissions 50 to 80 percent by 2050. “The climate crisis is a multi-generational challenge that requires strong national and international policies immediately,” says Mindy Lubber of investment group Ceres. “World leaders must shun the excuse that it is too expensive to act to curb global warming. It is too expensive not to act.”

Welcome to the new Grist. Tell us what you think, or if it's your first time learn about us. Grist is celebrating 15 years. ×