Category Archives: Business

FDA SEEKS TO PROMOTE HUNGER

imagesWashington, D.C. –  Ah, freedom. You choose to smoke, drink, eat what you want, marry who you choose to, practice your religion (or not), be a Democrat or Republican (or Tea Party pooper).

Ah, capitalism. You are lured into changing your smart phones every six months, get hooked on pay-per-view TV, sold clothing that are meant for models half your waist size,  supersize your combo meal.

Then there’s big brother, reading your emails, tracking your whereabouts, warning against vitamin supplements but licensing drugs with potential fatal side effects, taxing your every purchase and what meager income you earn.

Now, the Food and Drug Administration is waging the biggest war since we first learned to say “war on terror.” The new war is against trans fat — not against transgender people or fat people — but the artery-clogging substance that FDA says is the major cause of heart attacks.

The Food and Drug Administration on Thursday proposed measures that would all but eliminate artificial trans fats from the U.S. food supply. Under the proposal, the agency would declare that partially hydrogenated oils, the source of trans fats, were no longer generally recognized as safe, a legal category that permits the use of salt and caffeine, for example.

That means companies would have to prove scientifically that partially hydrogenated oils are safe to eat, a very high hurdle given that scientific literature overwhelmingly shows the contrary. The Institute of Medicine has concluded that there is no safe level for consumption of artificial trans fats.

A coalition of fast food restaurants, backed by a grassroots organization calling itself  “Leave My Food Plate Alone,” immediately lambasted the FDA proposal, saying that it is really a “war to promote hunger.”

A quick scan of various commercially-available food groups and items by The Adobo Chronicles came up with this partial list containing trans fats:

Cookies, crackers, cakes, muffins, pie crusts, pizza dough, hamburger buns, stick margarine, vegetable shortening, pre-mixed cake mixes, pancake mixes, chocolate drink mixes, fried foods, donuts, French fries, chicken nuggets, hard taco shells, chips, candy, packaged or microwave popcorn , frozen dinners, frozen chicken and noodles, refrigerated crescent rolls, Oreo cookies, Wheat Thins, Triscuits, Fig Newtons, Nilla Wafers, cinnamon rolls, apple pie, hotcakes, pancakes, quarter pounder with cheese. The list goes on…

Will the public soon see lots of empty supermarket shelves and freezers?  Will some companies actually go out of business?  Stay tuned.

HALLOWEEN IN THE CASTRO RETURNS IN 2014!

imageSan Francisco, California – It was an agreement four years in the making, oftentimes marred by shouting matches among city hall officials, representatives of the Sisters of Perpetual Indulgence, merchants and homeowners.  But the Halloween party in San Francisco’s gay Castro district finally returns in 2014.

It will be recalled that the Halloween bash attracted as many as 500,000 each year and has become a major tourist attraction, second  and third only to the Pride parade and Folsom Street Fair.  Stabbing and shooting incidents, believed to be perpetrated by straight revelers, prompted city officials to permanently ban the event beginning in 2010.

As part of the agreement, the “new” Castro Halloween will be open only to members of the LGBTQ community who will have to register with city hall and be included in a “gay registry.”  Registrants, who will take an oath admitting that they are gay, lesbian, bisexual, transgender or questioning, will be issued special identification cards linked to the official registry.  The IDs will be the only accepted pass to gain entry to the Halloween event. ID’s will be scanned at entrances to the event to confirm that individuals are listed in the official registry.

Get ready to say “Boo!” Again.

PAYBACK TIME FOR U.S. REPUBLICAN LEGISLATORS

imageWashington, D.C. – The U.S. government shutdown has ended, but the damage to the economy has been done.

The ratings agency  S&P has cut the annualized U.S. growth rate closer to 2% from 3%, saying that the shutdown has taken $24 billion out of the U.S. economy.  The agency also cut 0.6% off of the yearly fourth quarter GDP growth.

Upon the recommendation of his top financial advisers, President Barack Obama issued an Executive Order that would restitute what has been lost in the economy because of this nonsensical shutdown strategy orchestrated by the Republican and Tea Party leaders.

The EO mandates that the Republican legislators pay back the $24 billion lost because of the two-week shutdown.  Each of the 46 Republicans in the Senate and the 232 Republicans in the House of Representatives has been asked to pay the U.S. government $73 million. The deadline for the restitution is November 1, 2013.  The Obama administration has denied requests from the Republican legislators for an installment plan.

The Adobo Chronicles has learned that the country’s largest banks have offered the legislators unsecured personal loans to enable them to meet their obligations under the EO. The banks, however, are charging the legislators enormous interest rates ranging from 24.9% to 36.8 %.