business news in context, analysis with attitude

Content Guy’s Note: Stories in this section are, in my estimation, important and relevant to business. However, they are relegated to this slot because some MNB readers have made clear that they prefer a politics-free MNB; I can't do that because sometimes the news calls out for coverage and commentary, but at least I can make it easy for folks to skip it if they so desire.

•. FMI-The Food Industry Association yesterday came out against "the U.S. Senate’s passage of S.1260, the U.S. Innovation and Competition Act," which it said "includes language from the Country-of-Origin Labeling (COOL) Online Act that would create duplicative and burdensome requirements for online sales administered and enforced by the U.S. Federal Trade Commission."

FMI said that it is "strongly opposed to the creation of these new requirements, as they would conflict with the United States Department of Agriculture’s (USDA) existing COOL program and be unworkable for agricultural producers, food manufacturers, and grocery retailers."