Wednesday was a difficult day for The American Independent News Network, which is the larger entity that operates The Iowa Independent. Our chief executive and founder announced two of our sister sites would close and their content would be moved to The American Independent.
A recently introduced bill could have far-reaching impact on the U.S. sugar industry, including American Crystal Sugar, a farmer-owned cooperative that locked out 1,300 Midwest workers on Aug. 1.
The chairman for Herman Cain’s Iowa effort says the campaign “relied more on the word of farmers than Washington regulators” in deciding to run an ad containing claims the Environmental Protection Agency says are false.
The Iowa Senate will remain under the control of a slim 26-25 Democratic majority when it reconvenes in January 2012.
Three Republican candidates are tightly bunched in trading on the Iowa Electronic Markets, where people place real money on the line to predict the nomination outcome.
As of 9 a.m. Caucus Day, Mitt Romney led the Republican market with a 26.4 cent price (or a 26.4% chance of winning the nomination.) A resurgent John McCain recently moved into second place at 25.1 cents as of 9 a.m. He traded for as little as 8 cents as recently as Dec. 7.
Rudy Giuliani, who led the field most of the way,has dropped to 23 cents. The market predicts likelihood of winning the nomination, not Iowa caucus percentage.Republican trading:
Democratic trading:
On the Democratic side, Hillary Clinton leads the Democratic market at 57.5 cents. Barack Obama is at 30.8 cents and John Edwards is third at 10.6 cents.
Prices on both sides are likely to shift rapidly overnight as the caucus results are reported. The nominations are a winner take all market; winning shares pay a dollar and losing shares are worthless.
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