THURSDAY, NOV. 30, 2017  |  IN THIS ISSUE 

Para1Young Iowa ag entrepreneurs make Forbes list
 
Iowa has landed three young ag entrepreneurs on this year's Forbes' 30 Under 30 list. Delaware County farmer Brad McDonald's online platform for group ag purchases has landed its developer on the magazine's Retail and Commerce list, reports KCRG-TV9. Mr. McDonald's Chicago-based company, Agroy, "an Amazon for farmers" has ambitions far beyond the Midwest. "Instead of just having farmers negotiate with other farmers in their area, now we're trying to broaden that out to negotiate on behalf of all farmers in the state and across the U.S.," he said.

University of Iowa and Iowa Startup Accelerator graduates Matthew Rooda and Abraham Espinoza, the co-founders of SwineTech, also made the list, the Gazette reports. The startup is working to create technologies that will help save piglets from being crushed by their mothers; it already expects sales of about $1.3 million in 2018. "It's not just about making it on the (Forbes) list, it's where we continue to grow from there," Mr. Rooda told the paper.
Para2GOP tax plan can't shake rap of helping rich   
Two Republicans slowing their party's dash toward a tax overhaul say they're sticking up for Main Street by holding out for a lower tax rate on business pass-through income, but many experts say such income is already taxed at a lower total rate than corporations, reports the New York Times. Pass-through firms include not just the corner deli, but the NFL and Fiat-Chrysler, and pay an overwhelming share of their profits to a tiny sliver of rich Americans, says the Times.

Further countering President Donald Trump's claim that the GOP tax plan will create jobs and boost middle class wages, several corporate executives say they'll turn over most gains from corporate tax cuts to shareholders, reports the Chicago Tribune. Cisco, Pfizer, Coca-Cola and Amgen are among firms promising to keep increasing dividends and buying back shares.

The hits keep coming for Wells Fargo, which has learned that Comptroller of the Currency may take action against it over auto-insurance and mortgage improprieties, reports the Wall Street Journal. In a letter, the regulator said Wells Fargo had willingly harmed its customers in the two business lines and repeatedly failed to correct problems in a broad range of areas.
The OCC may issue a cease-and-desist order, demanding the bank stop certain practices and take corrective action, reports the Los Angeles Times. Such orders can be accompanied by hefty penalties. Wells Fargo's $185 million settlement over the sham accounts with federal regulators and the Los Angeles city attorney's office last year included a $35 million fine required by an OCC cease-and-desist order. 
Para4System glitch leaves 15K holiday flights pilotless
 
A system scheduling error has left thousands of American Airlines holiday season flights without pilots, Reuters reports. The Allied Pilots Association estimated that more than 15,000 flights from Dec. 17-31 were affected by a glitch in the system pilots use to bid for time off based on seniority. It went "from responsibly scheduling everybody to becoming Santa Claus to everyone," APA spokesman Dennis Tajer told CNBC. American told USA Today the problem has been fixed. Reserve pilots will help cover flights in late December and pilots who step in will earn 150 percent of the regular hourly rate on some trips. "We will work with the APA to take care of our pilots and ensure we get our customers to where they need to go over the holidays," said Mr. Tajer. 
Para5Yule tree prices could make you see red
 
It may take a bit more green to put a real Christmas tree in your house this year - especially if the tree comes from outside the state, reports Radio Iowa. Rod Heintz, who manages Strautman Tree Farm near Cambridge, said his prices are the same as last year, but many retailers have bumped prices $3-5 per tree. Mr. Heintz blames wildfires and droughts for a shortage that has pushed up prices, but the Great Recession also played a role, reports People. 
 
If you're grinchy enough not to string lights for a couple of weeks, here's a Scrooge-worthy tip from National Christmas Tree Association spokesman Doug Hundley: Wait to buy your tree until after mid-December. That's when growers will cut prices to clear their lots. 
 
 
Most Influential survey now open
 
Before we close this morning's edition, consider this your invitation to participate in the CBJ's annual Most Influential poll. Take the survey here, and read about last year's winner here. Polls close Dec. 1 at 5 p.m., so don't delay.  
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CommuteYour Morning Commute
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