business news in context, analysis with attitude

• The Washington Post this morning reports that Maryland State Sen. Ulysses Currie was paid more than $207,000 over five years by Shoppers Food and Pharmacy, owned by Supervalu. According to the Post, “Interviews and documents released since the investigation became public have showed that Currie repeatedly intervened in matters of interest to Shoppers.”

Currie has not yet been charged with any crime, though the FBI is investigating his work as a consultant for Shoppers and whether he used his public office to benefit the company.

Reuters reports that the European Food Safety Authority, the food safety agency that services the European Union, is maintaining that meat and milk from cloned animals and their progeny are not safe to eat – which is a shift from the agency was expected to say.

In the US, government regulators have said that so-called “cloned food” is safe to eat.

Advertising Age reports that McDonald's “is determined to tweak its dollar menu until it's profitable,” even if that means raising prices beyond the dollar threshold.

According to Ad Age, “The fast-feeder has faced increasing pressure from its usually docile franchisees, some of them accusing the company of driving traffic at the expense of their margins. There has also been some pushback about new-product giveaways.”

• The Washington Post this morning reports that the US Environmental Protection Agency (EPA) announced yesterday that “it will no longer allow residue of the toxic pesticide carbofuran on domestic or imported food, a decision that would effectively remove the chemical from the U.S. market. EPA officials said they made the decision - which surprised environmentalists as well as the pesticide's sole U.S. manufacturer - on the grounds that the chemical residue poses an unacceptable safety risk to toddlers.”
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