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.
Traders on the Iowa Electronic Markets seem convinced Republicans will retain control of the U.S. House in 2012 and gain control of the U.S. Senate.
Stock for that scenario is trading above $.60 on the real money futures market operated by the University of Iowa’s Tippie College of Business, and has trended up since the market opened in mid-July.
That means traders believe there’s a more than 60 percent chance of Republicans controlling both houses of Congress following the 2012 general election.
Traders aren’t willing to put much stock in other scenarios. A Republican-held House and Democratic-held Senate is trading near $.10, as is a scenario where Democrats control Congress. A Democratic House and Republican Senate is trading near $.05.
Traders receive $1 if the scenario they invested in proves to be correct. All others will receive $0, and traders can invest up to $500 in the market.
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