Power of Phonies According to Polish author Tomak Jankowski, the biologist Trofim Lysenko sought to make a name for himself in the early days of the Soviet Union. In 1927, he announced that he had successfully grown peas in the Russian winter and didn’t even use fertilizer. Lysenko proceeded with a series of announced and amazing agricultural accomplishments while charging that skeptics of his work were philosophically tied to the science of the Western bourgeoisie. The Soviet leadership was so impressed that he was named head of the Soviet Academy of Agricultural Sciences in 1935, and those who had criticized him were sent to prison or had ruined careers. Today’s environmental activists contend that biotechnology is dangerous...
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...