Goodbye Trans Fat?

The U.S. Food and Drug Administration said last Thursday it will phase out trans fats that
would eliminate artery-clogging from our diet. This will give manufacturers and restaurant some problems and may cause prices to shoot up but will be beneficial to our health.

Dr. Margaret A. Hamburg, commissioner of FDA said that this move will prevent 20,000 heart attacks and 7,000 deaths each year. But critics say that this is just a political move since the real threat to our health is not trans fat but the increased use of pesticides on our food and genetically engineered foods. Trans fats are identified and labeled on our food but in the case for genetically engineered foods and pesticide laden food no information are given to consumers.

Chris Shanahan of Frost & Sullivan market research firm said that if FDA bans trans fat "in the long term, prices of certain foods will increase and different foods will be discontinued."


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Will You Buy Twitter IPO shares?

New York Stock Exchange welcomes Twitter on Thursday November 7, 2013. They will have the symbol TWTR and their share is priced at $26 each to raise around $2.1 billion.

Twitter is part of our everyday life for most of us and it has a lot of media attention which is why there is a great demand for its shares. However, be very cautious remember Facebook? a lot of people were burned by it. The best thing to do is wait. There's no guarantee the stock will trade higher, and if you would look at several recent social media IPOs, the stocks actually dropped like facebook.