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Coffee industry expected to rise over the next 5 years

According to IBISWorld, an independent market researcher, coffee bean prices are expected to drop and produce a growth in the industry for the next five years. But not just from coffee bean prices, average disposable incomes are also supposed to increase slightly. Put mo’ money with mo’ coffee together, and you get a lot more cups of joe being consumed.

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American Airlines files for bankruptcy

American Airlines and parent company, AMR Corporation has filed for Chapter 11 bankruptcy today. The airline will continue to operate normally, honoring tickets and reservations. Frequent flyer program will not be interrupted. Thomas W. Horton, Chairman, Chief Executive Officer and President of AMR and American Airlines assured AA customers with the following statement, “American’s customers are always our top priority and they can continue to depend on us for the safe, reliable travel and high quality service they know and expect from us.”

AMR plans to restructure and to “emerge even stronger as a global leader known for excellence and innovation, a travel partner customers seek out, and a carrier that serves communities throughout the world.” The filings will have no direct legal impact outside of the U.S.

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DNA certification to ensure ‘seafood quality’ through barcoding

The FDA officially approved of a DNA barcoding procedure in October to ensure proper labeling of local and imported seafood. Discussions have been opened with the restaurant and seafood supply industries regarding delicacy verifications by David Schindel, a Smithsonian Institution paleontologist and executive secretary of the Washington-based Consortium for the Barcode of Life.