As members of Congress prepare to celebrate the Fourth of July, they ought to perform an act of patriotism and embrace free trade--just as the Founding Fathers did in 1776.
The U.S. House of Representatives passed the American Clean Energy and Security Act of 2009 to address climate change issues by establishing a carbon emissions cap and trade program. It includes international trade provisions to avoid “carbon leakage” that would occur if U.S. manufacturing activities move to other countries with lower carbon reduction standards. The debate has been begun on whether the program would be WTO legal. President Obama is likely to get some friendly guidance on the issue at the Group of 8 leaders meeting next week.
There are some people around the world who think religion and science shouldn't get along. For some reason, they believe the men of the cloth should disagree with the men of the lab coat, now and forever.
Monsanto Company announced they have completed regulatory submissions in Brazil for its first insect-protected biotech soybeans. Insect pests have not been a major economic issue in the U.S. for soybean producers and Monsanto has focused on insect resistance in corn and cotton where U.S. producers do face economic losses. While Monsanto is a U.S. company and the U.S. has the largest acreage in the world for corn and soybeans, it is seeking out other areas where biotechnology can be adapted to meet specific local needs.
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