If you find yourself paying more for a Slider, Thickburger, or Baconator, you might want to blame the renewable-fuel standard, says a video put out by Feed Food Fairness in opposition to the corn-ethanol mandate.
Refiners will likely blend around 13 million gallons of corn ethanol next year — a level set by the Environmental Protection Agency — which some say is driving up prices across the food industry for other corn-dependent products. Feed Food Fairness is a campaign launched this summer by the National Council of Chain Restaurants to push for repeal of the standard.
White Castle President Lisa Ingram says in the video that her company has seen a 47 percent spike in beef prices since the start of the renewable-fuel standard, with the implication that much of that jump is due to increased feed prices for cattle farmers. The increase carries a $15,000-per-restaurant cost, she said. “When we have fluctuations in our food costs, that impacts our ability to be able to provide value to our customers,” Ingram said.
Hardee’s and Wendy’s franchisees also speak out against the standard, saying it cuts their profits and, by extension, job creation.
Last week, 165 House members signed a letter calling for reductions in next year’s corn-ethanol mandate. Sens. Dianne Feinstein, D-Calif., and Tom Coburn, R-Okla., are expected to unveil legislation this week that would eliminate the corn-ethanol mandate altogether. Industry groups such as the American Petroleum Institute have also called for a reduction in ethanol blends, but biofuels makers are pushing back with arguments that cutbacks would hamper a growing industry.
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In a release Tuesday afternoon, the White House announced that President Obama has commuted and/or reduced the sentences of another 111 convicted criminals, mostly convicted of drug possession or trafficking. About 35 were serving life sentences.
Senate Judiciary Committee Chairman Chuck Grassley (R-IA) said Monday he'd now be willing to hold a hearing on Supreme Court nominee Merrick Garland in a lame-duck session of Congress. While he said he wouldn't push for it, he said if "Hillary Clinton wins the White House, and a majority of senators convinced him to do so," he would soften his previous opposition.
In a new Monmouth University poll, 46% of likely voters support Clinton and 39% back Trump, with 7% supporting Libertarian Gary Johnson, and 2% backing Jill Stein of the Green Party. That's down from a poll taken right after the Democratic convention, in which Clinton led by 13 points.
“Hillary Clinton’s advisers are talking to Donald J. Trump’s ghostwriter of The Art of the Deal, seeking insights about Mr. Trump’s deepest insecurities as they devise strategies to needle and undermine him in four weeks at the first presidential debate, the most anticipated in a generation. ... Her team is also getting advice from psychology experts to help create a personality profile of Mr. Trump to gauge how he may respond to attacks and deal with a woman as his sole adversary on the debate stage.”
The House Committee on Oversight and Government Reform has requested documents from the CEO of Mylan, "the pharmaceutical company under fire after raising the price of EpiPens more than 400 percent since 2007." Meanwhile, top members of the Energy and Commerce Committee are pressing the FDA on the lack of generic competition for EpiPens.