Articles NewsFlow Gold & Silver Prices Market Briefing

Recevez notre Marketbriefing

In the same category

Woody
Member since May 2012
58 commentaries -

0 followers

has posted a comment on the article :

Trouble With Arithmetic

- David Bond - Wallace Street Journal

New information has surfaced in the West, Texas, explosion case that could alter the course of the ongoing investigation into what caused the disaster. As it turns out, West Fertilizer Co., which used to be known as Texas Grain Storage Inc., filed a lawsuit under its former name against biotechnology giant Monsanto back in 2007, alleging that the company had engaged in anti-competitive behavior by artificially inflating prices for Roundup herbicide.

The lawsuit, which was poised to become a class action, was filed in the U.S. District Court for the Western District of Texas. Though it allegedly had nothing to do with the fertilizer portion of Texas Grain's business, the suit took direct aim at a major component of Monsanto's business, Roundup herbicide. During Roundup's "glory days" prior to its patent expiration in 2000, Monsanto raked in more than $1 billion annually. Today, Monsanto still generates around $700 million a year from Roundup sales.

And just how has Monsanto been able to maintain high sales and profits from Roundup in the face of multifarious competition following its patent expiration? The answer to this question was the subject of a hush-hush investigation initiated by the U.S. Securities and Exchange Commission (SEC) against Monsanto several years after Texas Grain filed its lawsuit, and the goal was the same for both -- to bring to light the monopolistic and anti-competitive practices of Monsanto in artificially inflating the price of Roundup.

"The world's biggest seed developer is squeezing competitors, controlling smaller seed companies, and protecting it dominance over the multi-billion dollar market for genetically altered crops," wrote Associated Press (AP) investigator Christopher Leonard in a 2009 investigative report on the business practices of Monsanto.

Commented 4014 days ago

Send

Beginning of the headline :Wallace, Idaho – Last month's twin tragedies at Boston, Mass., and West, Texas leave this reporter a tad confused. Five dead in Boston: three civilians, a police officer, and an alleged bomber. Fourteen dead in West, mostly volunteer firemen and working stiffs. The former, a decidedly yuppie event; the latter, bigger calamity, just working folks and volunteer firemen doing their jobs to make life better for the rest of us... Read More

Reply to this comment

You must be logged in to comment an article

8000 characters max.

	RSS feed		24hGold Mobile
	Gold Data Center		Gold & Silver Converter
	Gold coins on eBay		Silver coins on eBay
	Technical Analysis		Fundamental Analysis