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	Manitoba Co-operatorlegal issues Archives - Manitoba Co-operator	</title>
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		<title>ADM accounting probe escalates in U.S.</title>

		<link>
		https://www.manitobacooperator.ca/news-opinion/news/adm-accounting-probe-escalates-in-u-s/		 </link>
		<pubDate>Fri, 15 Mar 2024 19:04:05 +0000</pubDate>
				<dc:creator><![CDATA[Chris Prentice, P.J. Huffstutter]]></dc:creator>
						<category><![CDATA[News]]></category>
		<category><![CDATA[ADM]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Farm news]]></category>
		<category><![CDATA[legal issues]]></category>

		<guid isPermaLink="false">https://www.manitobacooperator.ca/?p=213018</guid>
				<description><![CDATA[<p>FBI agents delivered grand jury subpoenas to current and former employees of grain trader Archer-Daniels-Midland during the first full week of March, three sources with knowledge of the matter told Reuters. The subpoenas were signed by officials at the U.S. attorney’s Manhattan office and delivered to recipients’ homes in the region of Decatur, Illinois, where</p>
<p>The post <a href="https://www.manitobacooperator.ca/news-opinion/news/adm-accounting-probe-escalates-in-u-s/">ADM accounting probe escalates in U.S.</a> appeared first on <a href="https://www.manitobacooperator.ca">Manitoba Co-operator</a>.</p>
]]></description>
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<p>FBI agents delivered grand jury subpoenas to current and former employees of grain trader <a href="https://www.manitobacooperator.ca/news-opinion/news/adm-to-acquire-dairy-flavour-firm/">Archer-Daniels-Midland</a> during the first full week of March, three sources with knowledge of the matter told Reuters.</p>



<p>The subpoenas were signed by officials at the U.S. attorney’s Manhattan office and delivered to recipients’ homes in the region of Decatur, Illinois, where ADM has major operations.</p>



<p>The criminal probe into <a href="https://www.agcanada.com/daily/adm-announces-plan-to-address-accounting-issues-posts-earnings-miss" target="_blank" rel="noreferrer noopener">ADM’s accounting issues</a> was first reported by Reuters in February. The prior month, the company said the issues were the subject of an internal probe.</p>



<p>Grand jury subpoenas order the recipient to produce documents or testify before a grand jury.</p>



<p>The subpoenas seek information and communications, including devices containing those communications, relating to certain ADM accounting information. That includes details on goods and cash transferred between company segments, according to the three sources.</p>



<p>Authorities were also seeking information on below-cost sales from the Carbohydrate Solutions and Agricultural Services &amp; Oilseeds units to the nutrition division, one said.</p>



<p>They also require the recipients to report to a New York courthouse in coming weeks, the three people said. Reuters could not immediately determine the number of subpoenas issued.</p>



<p>Government investigations are not evidence of wrongdoing and do not necessarily result in charges.</p>



<p>A spokesperson for ADM, a $28 billion commodities giant that makes animal feed, sweeteners and other products, declined to comment.</p>



<p>Spokespeople for the U.S. attorney’s office and the Federal Bureau of Investigation, which is part of the Justice Department, declined to comment.</p>



<p>A probe by the Justice Department, which has the power to bring criminal charges and impose steep fines, increases pressure on ADM and will likely weigh on its share price.</p>



<p>The company’s shares are down 20 per cent since it disclosed in late January that it had suspended its chief financial officer and was delaying financial results amid an internal probe into accounting practices related to its nutrition division.</p>



<p>ADM said at the time that a Securities and Exchange Commission inquiry prompted the company’s probe.</p>



<p>New ADM financial results were expected March 12. The company had previously said in an SEC filing that it would correct certain sales between units within ADM because they were not recorded at approximate market value. The corrections are not expected to impact consolidated balance sheets, statements of earnings, income or cash flows, ADM said.</p>
<p>The post <a href="https://www.manitobacooperator.ca/news-opinion/news/adm-accounting-probe-escalates-in-u-s/">ADM accounting probe escalates in U.S.</a> appeared first on <a href="https://www.manitobacooperator.ca">Manitoba Co-operator</a>.</p>
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		<title>Comment: Sleep driving</title>

		<link>
		https://www.manitobacooperator.ca/comment/comment-sleep-driving/		 </link>
		<pubDate>Wed, 19 Apr 2023 19:43:29 +0000</pubDate>
				<dc:creator><![CDATA[Drew Dawson, Madeline Sprajcer]]></dc:creator>
						<category><![CDATA[Comment]]></category>
		<category><![CDATA[Op/Ed]]></category>
		<category><![CDATA[Fatigue]]></category>
		<category><![CDATA[legal issues]]></category>

		<guid isPermaLink="false">https://www.manitobacooperator.ca/?p=200502</guid>
				<description><![CDATA[<p>What if you could be fined or lose your licence for driving tired? Our new study just published in Nature and Science of Sleep has found if you had less than five hours of sleep last night, you are just as dangerous as a drunk driver. We know about 20 per cent of all vehicle</p>
<p>The post <a href="https://www.manitobacooperator.ca/comment/comment-sleep-driving/">Comment: Sleep driving</a> appeared first on <a href="https://www.manitobacooperator.ca">Manitoba Co-operator</a>.</p>
]]></description>
								<content:encoded><![CDATA[
<p>What if you could be fined or lose your licence for driving tired? Our new study just published in <em>Nature and Science of Sleep</em> has found if you had less than five hours of sleep last night, <a href="https://www.tandfonline.com/doi/full/10.2147/NSS.S392441?src=">you are just as dangerous as a drunk driver</a>.</p>



<p>We know about 20 per cent of all vehicle crashes are caused by fatigue. Over the past 20 years, the number of crashes caused by alcohol has decreased significantly.</p>



<p>However, there has been little progress over this same period in decreasing the number of crashes caused by fatigue. We wanted to know – can this be changed?</p>



<p>Recent decreases in alcohol-related car crashes have happened for a few reasons, mainly public education, strong enforcement and high-profile legal repercussions.</p>



<p>Additionally, drivers are legally deemed to be impaired if their blood alcohol concentration is over 0.05 per cent, regardless of their driving performance. This blood alcohol limit is an effective “line in the sand”, determining whether someone is legally permitted to drive.</p>



<p>We did a study to see if we could reduce the number of fatigue-related crashes on roads by following a similar strategy. Is there a point at which we could deem a driver to be impaired due to fatigue?</p>



<p>To do this, we evaluated the scientific evidence from laboratory and field studies that looked at how much prior sleep you need to drive safely.</p>



<p>After synthesising the findings of 61 unique studies, we found having less than four to five hours of sleep in the previous 24 hours is associated with an approximate doubling of the risk of a vehicle crash. This is the same risk of a crash seen when drivers have a blood alcohol concentration of 0.05 per cent.</p>



<p>Not only this, but a driver’s risk of a crash significantly increases with each hour of sleep lost the night before. Some studies even suggested that when a driver had between zero and four hours of sleep the previous night, they may be up to 15 times more likely to have a crash.</p>



<p>Our review suggests that based on the scientific evidence, it may be reasonable to require drivers to have a certain amount of sleep before getting behind the wheel. If we were to align with the degree of risk considered acceptable for intoxication, we may consider requiring a minimum of four to five hours of sleep prior to driving.</p>



<p>However, we must consider more than just the scientific evidence. For the most part, drinking alcohol is something individuals choose to do. Many people cannot decide to get more sleep – for example, new parents, shift workers and people with sleep disorders.</p>



<p>Not only that, but for fatigued driving to be regulated, there would need to be significant public support.</p>



<p>We must also consider how such a law would be implemented. There is no current way to evaluate fatigue at the roadside. No breath test or blood test that can evaluate how much sleep you have had or how impaired you are. As a result, regulating fatigue would likely need to happen in the event of a crash. Was the driver impaired due to fatigue at the time, and are they therefore legally responsible?</p>



<p>We are consulting with a range of community members and road safety stakeholders on what the next step might be for regulating fatigued driving. Preliminary findings indicate that at the very least, more specific public education and guidance for drivers on how to avoid driving while fatigued would be welcomed.</p>



<p>For example, easy-to-follow advice on how to decide whether you are too fatigued to drive would likely be well received.</p>



<p>While society might be a little while off legislating how much sleep to get before getting behind the wheel, we suggest keeping the amount of sleep you’ve had in the previous 24 hours in mind. If you’ve slept less than five hours, you probably shouldn’t drive.</p>



<p><em>– Madeline Sprajcer is a lecturer in the College of Psychology at Central Queensland University. Drew Dawson is an internationally recognized expert on sleep and fatigue research, and Central Queensland University’s director of research development.</em></p>
<p>The post <a href="https://www.manitobacooperator.ca/comment/comment-sleep-driving/">Comment: Sleep driving</a> appeared first on <a href="https://www.manitobacooperator.ca">Manitoba Co-operator</a>.</p>
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