Showing posts with label FINANCES. Show all posts
Showing posts with label FINANCES. Show all posts

Saturday, 19 October 2024

France’s CAF Algorithm: Targeting the Vulnerable Under the Guise of Fraud Prevention

 

As the World Day for Overcoming Extreme Poverty approaches, 15 civil society organizations are taking legal action against the algorithm used by the French Family Allowance Funds (CAF) for rating recipients. They are doing so in the name of data protection rights and non-discrimination, marking a first-of-its-kind lawsuit against a public service body’s algorithmic targeting. This lawsuit highlights the pressing need to examine the CAF’s practices, which unfairly target the most vulnerable members of society.

How the CAF Algorithm Works

The CAF algorithm assigns each recipient a suspicion score, determining the likelihood of a welfare audit. Higher scores increase the probability of being targeted for a control. The algorithm analyzes the personal data of over 32 million people each month, calculating more than 13 million scores. Individuals with low incomes, those receiving unemployment benefits, or those on welfare programs like the Revenu de Solidarité Active (RSA) or the Adult Disability Allowance (AAH) are particularly vulnerable to increased scores. This system disproportionately targets individuals who are already facing financial hardships, placing them under excessive scrutiny compared to others.

Discrimination by Design

Our coalition’s legal challenge addresses both the broad scope of this surveillance and the discriminatory impact of the algorithm on already marginalized people. The algorithm equates poverty with fraud, perpetuating stigmatization and institutional mistreatment of the most vulnerable. These controls are not just intrusive—they often result in the suspension of benefits and unjustified repayment demands. In the most severe cases, recipients are left without any financial support, an illegal act in itself. Furthermore, navigating the appeals process is often complicated and inaccessible.

The underlying issue lies in the way the algorithm reinforces systemic biases. It is designed to flag individuals with specific characteristics, many of which are indicators of financial difficulty. Low income, unemployment, and residence in disadvantaged areas all increase one’s risk score, compounding the burden on those who are least equipped to handle it.

Wider Implications of Algorithmic Targeting

The use of algorithms for social benefit control is not limited to France. Similar systems have been deployed in other countries, with disastrous consequences. In the Netherlands, for example, a discriminatory algorithm used to detect welfare fraud plunged thousands of families into debt and poverty. Amnesty International’s Secretary General Agnès Callamard warns that France could face a similar outcome unless urgent action is taken.

The expansion of such technologies within social security systems has grave implications. The CAF algorithm, which was revealed in 2023 by La Quadrature du Net and other investigative bodies, is just one example of how digital tools can deepen existing inequalities. Without transparency or accountability, these algorithms effectively criminalize poverty and trap the vulnerable in cycles of scrutiny and punishment.

The Fight for Justice

Our coalition of 15 organizations, led by La Quadrature du Net, aims to put a stop to these practices and to shed light on the violence embedded in so-called “anti-fraud” policies. The use of such discriminatory algorithms is not just a technical issue—it is a profound social and ethical challenge that threatens the rights and dignity of millions of people. By bringing this case before France’s highest administrative court, we hope to dismantle a system that weaponizes technology against the poor.

Conclusion

As governments increasingly turn to automated tools for decision-making, it is crucial to ensure that these systems do not perpetuate injustice. The CAF algorithm is a stark reminder of the risks posed by unchecked data collection and algorithmic discrimination. Our fight is for a fairer, more transparent welfare system that supports, rather than punishes, those in need.

CAF Definition

The CAF (Caisse d'Allocations Familiales) is a public agency in France responsible for managing various social benefits. It provides financial assistance to families, individuals in precarious situations, and those with children or dependents. Key services offered by the CAF include:

  • Family allowances for households with children,
  • Housing assistance (APL) to support tenants or homeowners,
  • RSA (Active Solidarity Income), which assists individuals without jobs or with very low incomes,
  • Additional support for people with disabilities and for educational expenses related to children.

Similar agencies exist in other countries under different names. For instance, in the United Kingdom, the Department for Work and Pensions (DWP) offers comparable benefits. In the United States, this role is partly fulfilled by the Social Security Administration (SSA) and other agencies, depending on the type of social assistance.

Saisi

Wednesday, 9 October 2024

The Enduring Conflicts of Our Time: Israel, Hamas, and the Role of Global Powers

 

The conflict between Israel and Hamas, most recently highlighted by the devastating attack on October 7th, 2023, reflects not only a deep-rooted historical and religious dispute but also a broader struggle for power, control, and influence in the region. As Israel continues its military campaign against Hamas in Gaza and targets Hezbollah forces in Lebanon, the question arises: Why do Jews, Israelites, and Arabs continue to fight over this small piece of land when the world is so vast? And why do global powers, particularly the United States, consistently intervene in these conflicts as well as in others, such as the ongoing war between Russia and Ukraine?

To explore these questions, we must not only look at the history of the region but also at the geopolitical, economic, and environmental forces at play on the global stage.

Why Do Jews, Israelites, and Arabs Continue to Fight?

The conflict over the land of Israel and Palestine is as much about history, religion, and identity as it is about geography. The land holds immense religious significance for Jews, Christians, and Muslims alike, making it more than just territory; it is a symbol of faith, identity, and belonging.

1.     Religious Significance: For Jews, the land of Israel is their ancestral home, promised to them in their religious texts. For Muslims, Jerusalem is the third holiest site in Islam, and many Palestinians view the land as an integral part of their cultural and national identity. This clash of religious and historical narratives fuels the ongoing tension, making compromise difficult.

2.   Historical Grievances: The displacement of Palestinians during the establishment of Israel in 1948, and the subsequent wars, have left deep wounds on both sides. Israelis fear for their security in a region where they are often surrounded by hostile neighbors, while Palestinians seek recognition of their rights and the establishment of a state. These grievances have been passed down through generations, ensuring that the conflict continues.

3.   Geopolitical Interests: While the land itself is small, its location is strategic. Israel sits at the crossroads of the Middle East, a region rich in resources like oil and gas and with key maritime routes. Control over this region has long been of interest to global powers, adding an additional layer of complexity to the conflict.

The Role of the United States: Why Do They Keep Intervening?

The United States has been a central player in global conflicts, from the Middle East to Eastern Europe. But why do they intervene so consistently, whether in Israel and Palestine, or in the war between Russia and Ukraine?

1.     Geopolitical Power: The U.S. has long sought to maintain its influence on the global stage. By intervening in conflicts, they aim to shape the outcome in ways that align with their strategic interests. In the Middle East, maintaining a strong alliance with Israel is crucial for ensuring stability and influence in a region that is key to global energy supplies.

2.   Economic Interests: Some argue that many conflicts today are driven not by ideology or religion but by economic interests. Wars disrupt markets, drive up the price of commodities like oil and natural gas, and create opportunities for the arms industry and other sectors. The U.S., as a major economic power, benefits indirectly from these dynamics, whether through controlling resources or maintaining dominance in global markets.

3.   The War in Ukraine: In the case of the Russia-Ukraine war, the U.S. views Russia’s aggression as a threat to the post-World War II order that they helped establish. Ukraine represents the front line in a broader struggle between democratic nations and authoritarian regimes. By supporting Ukraine, the U.S. is not only defending a sovereign nation but also asserting its role as the guarantor of a global order built on rules and norms.

Is It About Religion, or Something More?

While religion and identity are certainly central to many conflicts, including the Israeli-Palestinian dispute, it is becoming increasingly clear that economic and geopolitical factors often play a more decisive role in driving wars. The global economy is intricately connected to these conflicts, as wars create shifts in markets, disrupt trade, and open opportunities for profit.

However, we cannot overlook another critical issue: the growing climate crisis. The devastation caused by climate change is directly linked to the actions of a few who prioritize profit over the planet. The wealthiest individuals and corporations, driven by greed, contribute disproportionately to environmental degradation, while the world’s poorest bear the brunt of its effects. Climate change is the result of decisions made by the excessively rich, who continue to exploit natural resources without considering the long-term consequences for the planet and humanity.

The Role of Climate Change in Global Instability

The consequences of climate change exacerbate existing global tensions. In regions like the Middle East, where water and arable land are already scarce, climate change intensifies competition over resources, leading to more conflict. Additionally, climate-related disasters, such as droughts, floods, and extreme heat, displace millions of people, creating new waves of refugees and increasing instability in already volatile regions.

In this context, the question arises: Are the conflicts we see today really about religious differences, or are they symptoms of a deeper, systemic issue rooted in greed and the quest for power?

Many believe that global elites and corporations are more interested in maintaining their wealth and control than in addressing the root causes of war, poverty, and environmental destruction. These powerful actors shape the world according to their interests, leaving the rest of society to deal with the consequences, whether through war, economic inequality, or environmental collapse.

A New Era: Could 2026 Be a Turning Point?

As the world faces these interconnected challenges, many hope that 2026 could mark the beginning of a global shift. There is growing awareness among people worldwide that the current system is unsustainable, and a change is needed to break the cycle of injustice that has long dominated society. This shift may come through grassroots movements, technological innovation, or a broader cultural awakening that prioritizes sustainability, equity, and peace over profit.

As people become more aware of the climate crisis and the role of the ultra-wealthy in perpetuating these conflicts, there is a growing sense that a reckoning is coming. In 2026, we may see a societal transformation, as the world demands a fairer, more just system that puts people and the planet above the interests of a small elite.

The World Pays for the Mistakes of the Few

In many ways, the global community continues to pay the price for the decisions of a few powerful leaders and elites. Whether it’s the U.S. intervening in yet another war, or billionaires profiting from global instability, it seems that ordinary people are the ones who suffer most. Resources that could be used to improve education, healthcare, and the environment are instead funneled into military budgets and reconstruction efforts after wars that never seem to end.

This cycle raises an important question: Are these wars truly about protecting religious identity or national sovereignty? Or are they, at their core, about maintaining control over resources, money, and power?

Conclusion: A Call for Reflection and Understanding

The ongoing conflict between Israel and Hamas, like many of today’s wars, reflects not just a struggle over land, but a broader battle for influence, control, and, increasingly, the sustainability of our planet. The role of global powers, especially the United States, is pivotal in shaping the outcomes of these conflicts. However, as we reflect on the history of the region and the current state of world affairs, it’s clear that the global population, particularly the most vulnerable, often pay the highest price.

As wars continue and economies shift, climate change looms as an existential threat that could exacerbate global instability if not addressed. The actions of the few — driven by profit and power — have created a world where both conflict and environmental collapse seem inevitable, but 2026 might be a turning point. It could mark the beginning of a global awakening, where people worldwide demand an end to the cycle of injustice and begin building a fairer, more sustainable future.

Saisi

Saturday, 28 September 2024

Are We Still Under the Shadow of Nazism? A Philosophical and Historical Reflection on Modern Society

 


In the current political discourse, accusations of authoritarianism, fascism, and even Nazism are often levied at political figures and systems. Critics frequently argue that many of today’s leaders, even before they came into power, are part of a diabolical system rooted in the dark philosophies of Adolf Hitler’s Third Reich. But is this perception grounded in reality, or simply an oversimplification of our complex modern world?

Nazism and the Aftermath: A Long Shadow?

After the fall of Nazi Germany in 1945, the world stood united in condemning the atrocities committed under Adolf Hitler. The horrors of the Holocaust, fascist ideologies, and extreme nationalism were universally recognized as evil, with post-war laws and conventions established to prevent such atrocities from happening again. International treaties such as the Geneva Conventions and the Universal Declaration of Human Rights (UDHR) were created to protect human rights, ensuring that the fundamental principles of dignity, liberty, and equality would guide nations into the future.

However, despite the defeat of Nazi Germany, some argue that the ideology never truly disappeared. Instead, it has found new forms of expression within certain political systems, sparking fear that the roots of Nazism still linger in today’s global power structures. These accusations—while often dramatic—reflect a concern about the rise of authoritarianism, surveillance states, and extreme nationalism. Some political leaders, like the Israeli Prime Minister and other high-ranking officials, have been compared to Nazis in recent years. However, it’s essential to note that such comparisons often distort the historical and legal realities of modern governance.

European and International Legal Safeguards Against Nazism
The European Convention on Human Rights (ECHR), particularly Article 10, guarantees the right to freedom of expression, while also allowing restrictions to protect the reputation and rights of others. This is crucial when addressing modern accusations of Nazism. In public discourse, accusations without substantiated facts can be deemed defamatory under European law, potentially resulting in legal action. As such, any comparisons made between today’s political figures and Nazi ideology must be carefully nuanced, framed within a broader philosophical or political context rather than as outright historical equivalence.

Stoicism, Freemasonry, and Personal Control

In contrast to the chaotic and often emotionally driven nature of modern political rhetoric, Stoicism offers a timeless philosophy of personal control, self-discipline, and emotional resilience. At its core, Stoicism teaches individuals to accept what they cannot change, focus on virtues, and seek inner peace—principles that stand in stark contrast to the destructive ideologies of Nazism, which sought control over others and thrived on manipulation and violence.

Another philosophical tradition, Freemasonry, emphasizes the pursuit of truth, fraternity, and equality—values directly opposed to the hierarchical, oppressive nature of the Nazi regime. It’s worth noting that Freemasons, alongside other intellectuals and minority groups, were persecuted by Hitler’s regime, which saw Freemasonry as a threat to its fascist ideology. In today’s society, the values of Freemasonry and Stoicism serve as moral and ethical counterweights to authoritarianism, promoting individual responsibility and moral leadership.

The Vatican, Arms Trade, and Modern Conflicts

Today, the world is again gripped by war, with conflicts in Ukraine and Israel highlighting the persistent issues of power, control, and territorial disputes. These modern conflicts, however, are not remnants of Nazi ideology but rather reflections of deep-seated geopolitical tensions, resource struggles, and cultural divisions.

Religious institutions, while not directly shaping these conflicts, do play a significant role in global power dynamics. The Vatican, a symbol of moral authority, has faced criticism for its financial involvement in industries that may not align with its ethical teachings. Some reports suggest that the Vatican holds substantial investments in sectors linked to arms manufacturing. However, it is important to clarify that while allegations have been made, these are speculative, and no definitive proof has surfaced to confirm the extent of Vatican involvement.

To avoid legal complications, it’s essential to rely on verifiable sources when discussing the Vatican’s finances. One can frame the argument cautiously:
“While there are claims suggesting that the Vatican’s financial investments include industries tied to arms manufacturing, these assertions remain speculative. The Vatican has, in recent years, committed to increased transparency in its financial dealings, but concerns remain about the ethical implications of its investments.”

This careful phrasing ensures that no unsubstantiated accusations are made, while still addressing the larger ethical debate surrounding institutional power and its role in global conflicts.

The Arms Trade Treaty and Ethical Concerns

In the context of global arms production and trade, the Arms Trade Treaty (ATT), adopted by the United Nations in 2014, serves as an international legal framework aimed at regulating the trade in conventional arms and preventing their misuse in human rights violations. Article 6 of the ATT prohibits arms transfers if they are likely to contribute to genocide, crimes against humanity, or war crimes. Article 7 emphasizes the importance of conducting thorough risk assessments before exporting arms to ensure they do not fuel conflict.

This treaty offers a legal framework that contrasts with the uncontrolled arms proliferation seen during WWII and serves as a contemporary solution to avoid repeating the mistakes of the past. Institutions like the Vatican, along with other major global players, are expected to adhere to these international norms and ethical guidelines, ensuring that financial investments and global influence do not contribute to further instability.

Marc Luyckx Ghisi and the Promise of Energy Freedom

Another voice in the critique of modern power structures is Marc Luyckx Ghisi, who argues that humanity no longer needs to rely on expensive energy resources. According to Ghisi, the technological capacity to provide free, sustainable energy for all exists today, but economic and political structures have prevented its widespread adoption. His ideas challenge the capitalist system that continues to profit from limited energy access, further highlighting how entrenched systems of control—from arms manufacturing to energy monopolies—still shape global society.

In the same way that Nazism promoted control and oppression, today’s economic systems, according to Ghisi, are keeping humanity in a state of artificial scarcity. While the ideologies are different, the methods of control—whether through energy or arms—remain a point of ethical concern.

Human Rights and Philosophical Reflections

The Universal Declaration of Human Rights (UDHR), adopted in 1948, and the Geneva Conventions offer an essential legal framework for protecting human rights and dignity in the modern world. Articles 1, 3, and 18-21 of the UDHR, which focus on freedom, equality, and political participation, provide the foundation for understanding the ethical limits of governmental and institutional power. These laws are designed to ensure that the lessons learned from WWII are not forgotten and that new forms of authoritarianism do not take root.

Conclusion: Navigating Modern Society Through Philosophy and Law

In the modern world, accusations of Nazism and authoritarianism are common, yet they often obscure the more nuanced realities of global power dynamics. Today’s society is shaped by a complex web of historical, political, and economic factors, with philosophies like Stoicism and Freemasonry offering individuals ethical frameworks for understanding and confronting these challenges. At the same time, international laws such as the Arms Trade Treaty and Universal Declaration of Human Rights ensure that governments and institutions are held accountable for their actions.

While it is tempting to draw parallels between today’s political figures and the dark figures of history, such comparisons should be made carefully, with respect to legal precedents and historical accuracy. Philosophy and human rights law offer the tools we need to critically assess today’s world without resorting to oversimplified and potentially damaging analogies.

SAISI

Saturday, 4 May 2024

Piggy Soybeans !

 Here's the menu:
- soya with corkscrew tail
- peas, rare or medium
- beef cheese
If there's anything you don't like about this menu, you're probably a horrible transphobic extremist.

"SE"

 

The U.S. Department of Agriculture (USDA) this month approved a biotech firm’s plan to genetically engineer soybeans to produce a “plant-grown” meat protein the company calls Piggy Sooy.

Luxembourg-based Moolec Science is genetically modifying soybeans to produce porcine myoglobin, a pig protein. The end product is a “blended meat,” which is part plant, part animal.

The company, a subsidiary of the Argentine biotech group Bioceres, is also developing a yellow pea plant that produces beef protein.

Moolec’s patented technology — which the company calls molecular farming — splices pig genes into a conventional soybean. The resulting soybeans are a pink fleshy color inside and the company claims they contain 26.6% animal protein.

Martin Salinas, Moolec’s co-founder and chief of technology, said in a press release that the approval sets the stage for another food biotech “revolution” that is “paving the way for expedited adoption of Molecular Farming technology by other industry players.”

But Brian Hooker, Ph.D., chief scientific officer for Children’s Health Defense (CHD), called the technology “a nightmare in the making.”

 Hooker said:

“To reduce the complexities of porcine meat into a single protein (myosin) which is the only pork protein produced by the Franken-beans is completely myopic. This is not a pork replacement, it is a recombinant myosin production factory.

“Consumers would therefore be eating a novel substance requiring extensive testing and would require something far beyond what FDA [U.S. Food and Drug Administration] does routinely for GM [genetically modified] food.”

John Fagan, Ph.D., co-founder, CEO and chief scientistof Health Research Institute, told The Defender there is always a very real and serious concern that there will be unanticipated and unpredictable side effects associated with GM foods.

This product is particularly concerning, he said because, “Until now most GM foods fed to humans have been a minor ingredient within a product, whereas here the GM ingredient will be the primary ingredient. So people who eat it will eat much larger amounts of GM foods than they’ve eaten in the past.”

“That means they pose a whole lot more risk,” he added.

‘What could go wrong?’

The USDA’s Animal Plant Health Inspection Service (APHIS), which regulates genetically modified organisms (GMOs), determined that Piggy Sooy and its progeny won’t likely pose a greater plant pest risk than regular soybeans and therefore doesn’t need to be regulated by that agency.

Moolec said the company plans to “accelerate its go-to-market strategy” now that it has approval from APHIS. However, the company may still need approval by the FDA and is going through that consultation process.

GMO experts who spoke with The Defender said their biggest concern with “blended meats” products is that there hasn’t been any human health testing on any of them.

Crop scientist and regenerative farmer Howard Vlieger said the potential danger from GMOs comes not only from the genes spliced into the plant but also from the insertion process itself, which can introduce foreign proteins that stress the human immune system.

“It wreaks havoc,” on human health, he said.

Mark Kastel, executive director of food industry watchdog OrganicEye, said he was also concerned with the lack of environmental testing.

“Once we release these GMOs into the environment, there’s no calling them back,” he said. He cited past examples with untested products, for example, DDT. Once regulators realized it was toxic, they could stop its production and application, but because it is a persistent chemical, they couldn’t get it out of the environment.

“Once GMOs are in the environment, depending on the cultivar, it can cross with other species. It can contaminate crops, non-targeted crops,” he said.

Vlieger said such products also have been shown to pose serious problems for people who may have a food allergy to the contaminants.

In this case, Vlieger and Kastel said, people may have religious or other beliefs that prohibit them from consuming the pork that could accidentally contaminate their food.

Piggy Sooy “is not soy and it’s not pork,” Kastel said. “It’s a novel food that has never been part of the human food chain. That’s a lot of experiments in one economic venture.”

“What could go wrong?” Kastel asked. “We’re opening up this can of worms. We don’t know where it will lead, maybe no problem, but we’re just kind of rolling the dice and experimenting.”

Kastel said the primary motivation was not to address any environmental issues, as the alternative protein industry claims. “It’s profit,” he said.

“What problem are they even really claiming to address?” he asked. We don’t have a shortage of pork, and we don’t have a shortage of soybeans.” And existing production processes, “as inhumane as they are,” he said, “are efficient.”

“So the problem they are actually chasing is, ‘How do we create a patented life form that can be licensed to be grown and realize a return for investors?”

Vlieger said these companies can get their products through the regulatory process easily because regulations are lax.

Regulatory agencies don’t regulate GMOs differently from regular food crops based on the principle that they are “substantially equivalent” to the non-modified product and therefore don’t need tailored regulations.

“But,” he said, “If there’s no difference between this and a different organism, why should you be able to patent it?”

The approval process is “so ludicrous that it is hard to fathom,” he added.

Farmers, food sovereignty advocates and others have long protested patents on plants and other living organisms, because they restrict farmers’ access to seeds, and their ability to experiment and research and have led to consolidation of the food industry.

Patents for genetic modification processes also often claim intellectual property rights over any seeds or plants that include the same genetic information as the products created in that process.

“It’s almost laughable,” Fagan said. “Human beings have been producing soy for at least a few centuries, if not more. And they’ve influenced probably almost every gene in the plant. And now a corporation comes in and adds one thing, and on the basis of that, they can own the whole soybean.”

Food sovereignty advocates have extensively documented how patenting food has hurt small farmers and traditional practices.

The food critic for the Financial Times, Tim Hayward, wrote in September 2021 that intellectual property rights — which can lead to windfall profits — are behind the push for lab-grown meats.

Owning intellectual property rights over meat, Hayward wrote, would give private companies the power to replace the meat that is currently consumed with a proprietary product.

Both Vlieger and Kastel said the heart of the problem in the approval process is that the industry has captured the regulators.

Tom Vilsack, Biden’s USDA secretary who also served eight years under Obama, was the former governor of Iowa. According to the Center for Food Safety, which opposed his nomination as secretary in 2021, Vilsack has long been recognized for his “aggressive promotion of genetic engineering.”

He was named “Governor of the Year” twice by the Biotechnology Innovation Organization.

He also used his authority to push through approval of genetically engineered (GE) crops with little to no scientific oversight and weakened regulations for genetically engineered crops and sided with biotech companies, “in every single public interest case attempting to halt GE crop harms or have them better regulated,” Center for Food Safety said.

Fagan said that there is also “huge lack of transparency” today concerning genetically engineered crops. Even the information shared with regulatory agencies is often inaccessible to the public because it is considered proprietary.

As a result, he said, “Consumers are rightfully highly skeptical of them [GE foods] because they have not been given any information about their nutritional value, about their safety, their molecular composition, all of those things.”

A savior for the faltering ‘alternative meats’ market?

Most lab-grown meat is made by taking stem cells from animals and placing them in large steel tanks called cultivators or bioreactors. The cells are “fed” a mixture of sugars, amino and fatty acids, salts, and vitamins to proliferate quickly. The patented processes used by the different companies vary. Some produce muscle and connective tissue in large sheets and others in big masses.

Moolec’s technology is different, but the company makes similar promises — that its technology will “overcome climate change and global food security concerns” while “creating value for shareholders and the planet,” it said.

CEO Gaston Paladini, board member and heir to the Paladini SA Argentinian meat dynasty, founded the company in 2020. He introduced his pork soybeans to the world in June 2023.

The company went public in January 2023 after merging with LightJump Acquisition Corp. At the time it was valued at $504 million and was the first molecular framing food-tech company to be publicly traded.

In October 2023 it announced it had raised $30 million to expand its molecular farming operation. It has an industrial facility in Argentina with the capacity to crush 10,000 tons of soybeans per year.

At the time, Moolec projected a $65 billion market for its products, according to an investor presentation.

In a press release this week, Paladini commented enthusiastically on the USDA approval of its Piggy Sooy product.

“Moolec embraced Nasdaq’s slogan ‘Rewrite Tomorrow’ and took it literally! We achieved an unprecedented milestone in biotechnology with the first-ever USDA-APHIS approval of this kind,” he said.

Moolec’s stock shot up by 121% on the news, but overall it was down significantly. In long-term trends, company shares traded at a record high of $20. Last week it peaked at $2.17 per share. As of Monday morning, it was back down to $1.45 per share.

Paladini ascribed this to “a mismatch between market understanding and the real opportunity,” and said the company needs more visibility to change that, Green Queen reported.

 Investors have poured billions of dollars into making “alternative meats,” either in a lab or, more recently, in plants. Investments came from venture capitals and sovereign wealth funds like SoftBank and Temasek, and major meatpackers like Tyson, Cargill and JBS, The New York Times reported.

Company CEOs boldly touted “a new era” in agriculture, and billionaire investors like Bill Gates and Richard Branson rushed to invest heavily and publicly promote several cultivated, or “lab-grown” meat companies and lab-produced meat substitutes like the Impossible Burger.

Lab-grown meat start-ups Eat Just and Upside Foods reportedly had valuations at over $1 billion each. And the USDA greenlit the sale of the first lab-grown meat in the U.S. market last year.

The enthusiasm that drew billions to the industry, however, has waned in the last several months.

Initial investor capital dried up, production has proven to be very expensive, touted environmental benefits were shown to be either mistaken or fraudulent, scientists have questioned its safety and companies have been unable to convince consumers to buy their products.

Industry leaders like Upside Foods reported earlier this year that it would pause its major factory expansion plans.

Even the Times pronounced the lab-grown meat “revolution” to be “dead,” and venture capital funding for food technology took a major dive in 2023.

Plant-based meat companies like Impossible Foods and Beyond Meat also faltered, with many restaurants pulling the fake meat from their menus and profits plummeting after consumer scrutiny of the ultra-processed products and disappointment with the products’ taste and affordability.

Kastel said people confuse the term “plant-based” to mean healthy, but most so-called plant-based foods are highly processed, separated from the natural microbiome of the earth and none of them are organic.

Instead, he said the companies use conventional, industrial-produced agricultural materials and synthetic ingredients to create “food-like substances.”

A new report from the Good Food Institute shows that sales of vegan meat, dairy and seafood fell 26% between 2021 and 2023.

Paladini said his company’s products will be different, because they will sell the blended soy and pea products with the meat embedded in them, rather than extracting the meat, which will save on costs.

In doing so, Moolec joins a niche “blended meat” market, with several other companies, including 50/50 Foods, SciFi Foods and Mush foods, who say they are bringing together plant-based foods with cultivated meats.

These companies say cultivated meat “is not ready for prime time,” and that their products can help people eat less meat and get more people eating vegetable proteins.

Moolec, a self-described “food hacker,” has an international patent portfolio of over 25 patents that are either granted or pending.

Paladini said his products will make better-tasting “alternative proteins” by enhancing plant-based proteins with molecular material from animals. They do this by “embracing science.”

In 2025, Moolec is set to launch a nutritional oil containing gamma-linoleic acid (an omega-6 fatty acid) produced using another patented technology applied to a strain of safflower.

The FDA and USDA approved the oil, so Moolec can grow, import and move its plants across state lines without a permit.

It is also developing a bovine chymosin protein used in cheese, also greenlighted by the USDA.

Sunday, 28 April 2024

A Text That Summarizes Today's Society

 

Welcome to the 21st Century

Here sex is free and love has become a pocket full of money.

Where losing your phone is worse than losing your values. Where the trend is to smoke and drink, and if you don't do that, you'll be left behind.

Where the bathroom has become a photo studio and the church, the perfect place to register.

21st century, where men and women fear pregnancy much more than HIV.

Where pizza delivery arrives faster than an ambulance.

Where people are more afraid of terrorists and criminals than of God.

Where clothes decide a person's worth and having money is more important than having friends or even a family.

21st century, where children are capable of disowning their parents for their virtual love.

Where parents forget to gather their family at the table for a harmonious dinner, talking about daily life while having fun at work or on their phone.

Where men and women often just want relationships without commitment, and their only 'commitment' is to pose for photos and post on social media swearing eternal love.

Where love has become public or a theatrical performance.

Where the most popular or most liked photos are those that seem to spread happiness; those that post photos in fantastic and paradisiacal places, surrounded by 'empty loves' and 'broken families'.

Where people have forgotten to take care of the spirit, the empty soul, and have decided to take care of and tattoo their bodies.

Where it costs more to have the desired body of the 'artistic world' than a university degree.

Where a gym photo gets many more likes than a photo studying or doing good deeds.

21st century, here you only survive if you play with 'reason' and you are destroyed if you act with the heart.

 --------------------------------

My generation thought that today's society in the 21st century would be: A Vision Focused on Love, Family, and Spirituality!

Rewriting the 21st century:

Welcome to the 21st century,

Where love, family, and spirituality are celebrated as fundamental pillars of society.

Here, sharing authentic emotions is valued much more than superficiality.

Losing your phone is seen as an opportunity to reconnect with oneself and others.

The bathroom is a place of reflection and relaxation, away from the turmoil of daily life.

Places of worship are places of peace and contemplation, where spiritual values ​​guide individuals' actions.

In the 21st century, men and women give equal importance to physical and mental health.

Solidarity and empathy are the pillars upon which society rests.

Fast food delivery is replaced by meals cooked with love and shared with family.

Fear is replaced by trust in humanity and the search for peaceful solutions to global challenges.

Here, clothes are seen as self-expression rather than an indicator of social status.

Friendship and mutual support are invaluable, far above any material wealth.

Children grow up in an environment where unconditional love is the norm, and where family is the foundation of their education.

In the 21st century, relationships are based on respect, communication, and mutual commitment.

Social media is used to share authentic and inspiring moments, rather than perfect facades.

Beauty is recognized in the diversity and richness of human experience, rather than in unrealistic beauty standards.

Here, personal fulfillment and spiritual growth are valued much more than the pursuit of instant gratification.

Everyone is encouraged to cultivate their mind, nurture their soul, and contribute to collective well-being.

Welcome to a vision of the 21st century where harmony, love, and respect are at the heart of every human interaction.

We value your feedback and comments.

Saisi