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Commentary

  • Consuming Passions

    Can we shop our way to happily ever after?

  • Agricultural Revolution

    NAFTA is about to free Mexican corn from trade-limiting tariffs. If it’s such good news for farmers south of the border, why are they up in arms about it?

  • Fuelish Choices

    Coal by any other name is just as devastating to the environment. If you think liquefying it makes it green, take a drive through Appalachian coal country.

  • Money Talks

    Should you tell your co-workers how much you make? In a recent survey, 88 percent of respondents said no. I say, “You bet.” And I’m willing to put my money where my mouth is.

  • Business Cycles

    Mountain biking can lead a town to economic recovery, but will the town take a ride?

More from Commentary »

Behind the News

  • Riding With the Fishes

    New York City Transit plans to dispose of 1,600 old subway cars off the Atlantic coast. But do the cost savings for the city outweigh the environmental costs to the ocean?

  • Live, From a Stage 1,000 Miles Away

    Fabchannel.com streams real-time concerts from a club in the Netherlands to a computer near you. Cool. But is it profitable?

  • Good Enough for Government Work?

    It’s official. Federal procurement offices must find bio-based products that don’t use fossil fuels. Soy ink anyone?

  • Regulation Nation

    As the world waits for a resolution to the subprime debacle, many state governments have jumped in and proposed legislation to protect consumers and the economy.

  • Woman’s Work

    As more women walk away from careers on Wall Street in search of a better work/family balance, some major firms have launched aggressive programs to woo them back.

  • The Rise of the Asian Art Market

    Newly wealthy investors from emerging markets are pushing prices for the works of contemporary Asian artists to heights never seen before. Is it just another bubble?

  • Paper Chase

    How can newspapers stop the slide in circulation numbers? Redefine circulation. But will advertisers buy the new formula?

More from Behind the News »

Crunching the Numbers

That’s a Lot of Moolah!

When the Washington Post listed the five top-paid CEOs for 2005, we decided to look back and see how much their total compensation changed over the past three years. The results are surprising. For one executive, payday grew 1,000 percent, but for another, it was down by almost half.

CEO 2003 2005
Dale Wolf,
Coventry Health Care
$6,568,396 $11,803,351
Douglas McCorkindale,
Gannett
$17,085,879 $8,893,560
Paul Saville,
NVR
$900,000 $10,529,663
Daniel Hesse,
Spring Nextel
NA $10,125,808
Thomas Fitzpatrick,
SLM
$21,192,390 $24,271,120

Source: Compensation data from Hay Group. Totals include base salary, cash bonus, and equity compensation, including stock options.

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Good Enough for Government Work?

It’s official. Federal procurement offices must find bio-based products that don’t use fossil fuels. Soy ink anyone?

By Debra Conn Borchardt

President Clinton signed an executive order in 1998 declaring that the entire federal apparatus was to reduce its dependence on fossil-fuel or petroleum-based products by generating a list of approved products that were created with a biological base. Now, the U.S. Department of Agriculture, or USDA, has announced efforts to streamline the procurement of bio-based products and clarifying the purchasing process.

Indeed, clarification is helpful here. Many of these bio-based products aren’t especially obvious. The government isn’t replacing jet fighters with hybrid planes. Nor will there be wind farms sprouting up on the National Mall. No, among the success stories on the list is soy ink. Map printers at the U.S. Geological Survey, or USGS, switched to ink made from soy instead of petroleum. “We have all sorts of Occupational Safety and Health Administration and Environmental Protection Agency (EPA) regulations and standards to deal with; soy ink just makes it easier for us to comply,” USGS spokesman Clarence Hill said in a statement to the United Soybean Board. “For example, the soy ink is so much safer and convenient to dispose of than petroleum-based inks. The same is true for cleaning the press. The cleaning solvents for soy ink are far less toxic and easier to use than those for oil-based inks.” And, of course, there’s the Vegetable Ink Printing Act of 1994 to contend with. “Soy ink makes us compliant with the Act,” says Mike Tobin of the USGS. In the 1960s, soybean production exceeded usage, prompting the American Soybean Association to fund research to find new uses for the crop. By the 1980s, with help from Monsanto, soy-based ink was created. In the 1990s, a marketing and lobbying campaign was well under way. When the Act passed Congress, it made soybean farmers very happy.

While the obvious winners for now are soybeans and corn, other materials are being considered. “A number of firms have woody plant materials,” says Marvin Duncan of the USDA. “Then there is animal waste and municipal waste. These can be turned into methane gas. It has a positive affect on a number of agricultural areas. And bio-based products have to be manufactured and processed closer to where the product is grown. It will benefit rural America.”

But Shana Love of the USDA says the department wasn’t running the program just because it benefited agriculture. It reduces the dependence on petroleum and helps rural communities. “The EPA could have managed it as well,” she says. “It benefits a lot more agencies than just the USDA. It’s just that a lot of the products are agriculturally based.”

Enforcement is being beefed up now because the 2002 Farm Bill gave the USDA a little more muscle by requiring the federal government and its contractors to give procurement preference to bio-based products. The 1998 Executive Order had only encouraged agencies to give consideration to products on the preferred list. Soft words. And there wasn’t any guideline about how to get it done or any funding beyond what was provided for testing products. “It took three years to create the program. Figure out how to do it, who would do it and where to get the funding,” Love says.

The BioPreferred team has five full time employees and several contracted workers. Private firms provide products, like soy ink, and the USDA puts those products through intense studies before they make the approved list. With more than 10,000 products commercially available for purchase, Love is requesting additional funding in the next farm bill. “Several states are jumping on board and creating similar programs based on ours. We take that as a positive statement,” Love says. “We want to do it right and as we move forward, we want to do it well.”

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