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3:34 pm
Thu August 30, 2012

Despite Drought, Some Corn Farmers Reap Bounty

Credit Justin Sullivan / Getty Images
Grimes Sweetcorn worker Paulette Vandyke waits to sell fresh corn in Grimes, Iowa. The drought has pushed the price of corn per bushel up nearly 40 percent in the past two months.

Originally published on Thu August 30, 2012 7:18 pm

For every farmer who is hurting this year during the drought, others are benefiting. Many fields in the South, Northwest and Upper Midwest are producing bountiful corn crops. And because the drought has pushed prices to record highs, farmers who have corn to sell expect a terrific payday.

"The corn has actually really, really taken off all the way through season. It's grown fast. It's been accelerated. The corn looks really good now," says John Scott, whose family farm in Sargeant, Minn., is just bursting with corn.

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Business
12:25 pm
Thu August 30, 2012

La. company has $11.9M beach contract in Va.

A Louisiana company has won an $11.9 million contract as part of a project to add sand to Virginia Beach, Va., for hurricane protection.

A news release from the Pentagon says Weeks Marine Inc., of Covington, was one of four bidders on the project in support of the Virginia Beach Hurricane Protection Beach Re-Nourishment.

Work will be done in Virginia Beach, with an estimated completion date of May 15, 2013.

OSHA Fine
12:21 pm
Thu August 30, 2012

OSHA cites Eunice plant after blast left one hurt

The U.S. Department of Labor's Occupational Safety and Health Administration has cited Plains Gas Solutions LLC in Eunice following a February explosion and fire that left a worker severely burned.

OSHA Wednesday issued one willful and seven serious violations against the company, which produces liquid natural gas through a cryogenic process. Proposed penalties total $111, 000.

OSHA says cryogenic liquids were improperly routed, as part of a re-starting process, through equipment not rated to withstand extreme cold temperatures. That resulted in the explosion and fire.

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Business
4:46 am
Thu August 30, 2012

Mortgage Settlement Overseer issues Report

Originally published on Thu August 30, 2012 6:42 am

Transcript

STEVE INSKEEP, HOST:

Let's follow up on another story. Earlier this year, five big banks settled the so-called robo-signing case, admitting they rushed the foreclosure processes for thousands of homeowners. Now, those banks are working to forgive and modify $20 billion worth of home loans.

As NPR's Yuki Noguchi reports, yesterday was the first chance to look at how banks are handling this part of the settlement.

YUKI NOGUCHI, BYLINE: Joseph Smith's first full report wasn't due until November, but he was eager to keep the issue top of mind.

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The Two-Way
1:43 pm
Wed August 29, 2012

Bank Of America Hasn't Modified Any Mortgages, As It Had Agreed To

Last February, five major banks came to an agreement with the United States government that would provide $26 billion in mortgage relief aid to homeowners.

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