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News from around the Farm World - June 6, 2017
House votes to roll back Dodd-Frank financial rules

WASHINGTON, D.C. (AP) — The Republican-led House has moved closer to fulfilling President Donald Trump’s goal of doing “a big number” on Dodd-Frank. That’s the landmark banking law created to prevent meltdowns like the 2008 economic crisis.

The effort will likely require some major changes to bring about Democratic support in the Senate. Such support was missing entirely when the House voted 233-186 for a bill that would undo much of Dodd-Frank. House Republicans recognize the uphill climb, but are happy to chalk up a victory.

The House majority whip, Republican Rep. Steve Scalise, said families, small businesses and communities have been desperate for changes in the law. Democratic lawmakers, including Rep. Maxine Waters of California, said House Republicans are setting the stage for another financial crisis.

The bill would repeal a rule that bans banks from engaging in trading for their own profit using federally insured deposits, or forming certain relationships with private equity funds. It would roll back a proposed rule that investment advisers who collect commissions must put their clients’ interests ahead of their own.

Also, financial regulators would lose the power to dismantle a failing financial firm and sell off the pieces if they decided its collapse could endanger the system. Instead, the bill would let banks fall under an expanded part of bankruptcy law.

Holcomb seeks federal disaster loans for nine counties

INDIANAPOLIS, Ind. (AP) — Indiana Gov. Eric Holcomb has requested federal assistance that could help nine counties devastated by flooding.

Holcomb’s administration announced last week he is asking the U.S Small Business Administration for disaster loans that could help recovery from flooding that started in late May. He requested the aid for Washington County in southern Indiana, but if approved, eight other nearby counties would also qualify. They include Clark, Crawford, Floyd, Harrison, Jackson, Lawrence, Orange and Scott counties.

The federal agency administers a lowinterest disaster loan program. Area residents, businesses and some nonprofit organizations that were affected would be able to apply if Holcomb’s request is approved.

CC Kitchens recalls salads due to possible listeria

CINCINNATI, Ohio — CC Kitchens, LLC, a Cincinnati establishment, is recalling approximately 2,415 pounds of ready-to-eat meat and poultry salad products that may be adulterated with Listeria monocytogenes, the USDA’s Food Safety and Inspection Service (FSIS) announced.

The ready-to-eat meat and poultry salad items were produced and packaged on various dates between May 31-June 5. The salad products have a six-day shelf life. The products subject to recall bear establishment number “EST. P-45676” inside the USDA mark of inspection.

These items were shipped to retail locations in Ohio, Michigan and West Virginia.

There have been no confirmed reports of adverse reactions due to consumption of these products. Consumers who have purchased these products are urged throw them away or return them to the place of purchase. Consumers with questions can call CC Kitchens’ 24-Hour Consumer Hotline at 866-458-3188.

Hemp insulation being used in Lexington house project

LEXINGTON, Ky. (AP) — Hemp enthusiasts are working on the first house to be insulated with hemp grown in Kentucky. During a workshop on Friday in Lexington, participants made insulation for a house under construction on York Street.

Kris Nonn, director of design and construction at North Limestone Community Development Corp., said it’s important to understand “how something that grows really well here can be used for construction.” Nonn helped organize the “Building With Hemp” workshop.

The Lexington Herald-Leader reported a construction company has donated $3,000 to analyze and monitor the energy consumption of the house. Nonn said hemp is an “insulation alternative that doesn’t have major drawbacks.” The material, known as “hempcrete,” is hypoallergenic, resistant to fire and insect damage and “allows moisture to move through it,” according to Nonn.

Hawaii enacts law to align goals with Paris climate accord

HONOLULU, Hawaii (AP) — Hawaii has passed a law to document sea level rise and set strategies to reduce greenhouse gas emissions. The bill signed by Gov. David Ige aligns the state’s goals with the Paris climate accord.

President Donald Trump withdrew the U.S. from that agreement two weeks ago. Ige said Hawaii is the first state to enact legislation implementing parts of the Paris climate agreement. Ige said the islands are seeing the impacts of climate change firsthand. He said tides are getting higher, biodiversity is shrinking, coral is bleaching and coastlines are eroding.

At least a dozen states including Hawaii have signed pledges to continue reducing fossil-fuel emissions. Ige also signed a bill to reduce carbon emissions in the agriculture sector.
6/13/2017