Since the mad cow scare of 2003, South Korea has been a tough market for U.S. beef: The country first banned it, then severely limited imports. But a pending new trade agreement could mark the resumption of normal trade and the start of a more prosperous era for American beef exports.
Gulf fishing industry officials are worried about a consumer panic. That has restaurateurs assuring diners that seafood from the greater region is safe and preventive measures are being taken. Costs, however, seem destined to rise if supplies get crimped.
At the rapid rate oil is leaking after the Deepwater Horizon rig accident, the spill will top the Exxon Valdez disaster in two months. With the slick approaching the coast, Gulf fishing businesses fear the worst.
A government investigator found the Food and Drug Administration lax in overseeing 80% of the U.S. food supply. While food safety violations aren't always followed up and the FDA conducts fewer reviews of food manufacturing sites, it seems its work overseeing drugmakers is busier than ever.