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Monday, April 28, 2008

Your Morning News: 4.28.08

Posted by Josh in , , , ,

Today is a scattershot news day, all of the major papers led with different stories. I will do my best to give a quick roundup of the things that will probably end up being important over the next week.

We kick things off by talking about the food crisis. We have mentioned it a few days in a row, and on Thursday the Daily Show did a perfect summation of how it is effecting America.

To get a more depressing picture of the REAL food crisis, head to today’s Washington Post, which has a story on how the crisis is affecting Mauritania. Unfortunately, this story has completely ruined the fact that it is free bagel day at the office.

The mortgage industry, Lt. Gen. Odierno, and Candy after the jump.

The loan industry is beginning to fight back against proposed regulations. The regulations stem from the fact that many trace the current credit and housing crisis back to loose and abusive loans. The article has a good summation of the governments regulation scheme and some of the steps the industry will take to try to loosen it.

You probably heard that Gen. Petreaus has been promoted, but who will take his place as the US commander of forces in Iraq? Ladies and Gentlemen, meet Lt. gen. Raymond Odierono! This is one of those great profiles where the author appears to have no had the chance to speak to the subject. So enjoy the quotes and basic biographical statistics twisted to give insight into how he would run things. Also ladies - he’s single! (or not, whatever)

We started the news with the food crisis, let’s end it with news of candy/high finance. Mars, the company that makes M&M’s, has acquired the Wrigley Jr. company for $23 billion. This merger creates a “confectionery behemoth” and will probably spur other companies to consider mergers in order to keep parity.

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