Free Markets

Jim Hightower wonders why Monsanto hates the free market, lobbying the government to ban labels on milk produced without growth hormones that tell consumers the milk is BGH-free. Monsanto says that implies there's something wrong with BGH milk.

If they're so proud of BGH milk, they should have their own labels declaring: “Mmmm, yummy! Milk with artificial sex hormones added!”

  Jim Hightower

Indeed. Let’s show some respect for free market capitalism, Monsanto.

....but hey, do what you want....you will anyway.

For some, terror pays dividends

Aside from the political capital...

THOUSANDS of investors joined sharp institutions in making millions of pounds from the short-lived collapse in share prices that followed the terrorist strikes in London last week.

It was the busiest day of trading for over two years. The London Stock Exchange said 4.75 billion shares were traded on Thursday compared with the recent daily average of about 3.1 billion.

BP and Vodafone were among Britain's largest companies that took advantage of the volatile markets to improve their balance sheets.

Financial spread-betting firm City Index said more than 8000 retail investors had dived into the market on Thursday, correctly backing their hunch that share prices would quickly bounce back.

Some will find profiteering from horror distasteful. But many in the City applauded the resilience of capitalism.

The opportunity was created by automatic trading systems, used by institutional investors, that began dumping stock when shares fell sharply as news of the blasts spread through the City.

  Courier-Mail article