Fertilizer Crisis ?

Worldwide pressures on chemical fertilizer supplies have some Iowa farmers falling back on manure for soil nutrients.

American Farmers are using high density Hog Farming to collect hog manure — turning what used to be effuvial runoff into nutrients.

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Ferilizer

courtesy of the NYT

>

Source:
Shortages Threaten Farmers’ Key Tool: Fertilizer 
KEITH BRADSHER and ANDREW MARTIN
NYT, April 30, 2008   
http://www.nytimes.com/2008/04/30/business/worldbusiness/30fertilizer.html

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Whitney On Citi’s Pandit

I tried embedding a Windows Media version of several recent Bloomberg Videos yesterday, but somehow, we ended up with the autorun feature on, regardless of the setting.

This morning, I will embed it into a page after the jump to prevent that from autorun reoccurring:

Click for video
Whitney

Citigroup Inc. Chief Executive Officer Vikram Pandit faces an "impossible feat” in turning around the biggest U.S. bank as it faces “seismic” costs to restructure, Oppenheimer & Co. analyst Meredith Whitney said.

Citigroup will be forced to announce the sale of major businesses toward the end of this year or in early 2009, Whitney, who recommends investors sell the shares, said in a Bloomberg TV interview today. One of the units could be Banamex, the company’s Mexican branch, she said.

Whitney, 38, correctly predicted on Oct. 31 that New York- based Citigroup would cut its dividend to shore up capital after mortgage-related writedowns. Pandit on May 9 outlined plans to sell $400 billion in assets at the bank, which has booked more than $40 billion of credit losses and writedowns since the subprime mortgage market collapsed last year.

Source
Citi’s Pandit Faces `Impossible Feat,’ Whitney Says
Margaret Popper and Josh Fineman
Bloomberg, May 12 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aTsLEkAPZJAE

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