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Dorottya Szocs

Sriracha factory ordered to put a lid on smell after locals pepper city with complaints... - 2 views

money.cnn.com/...index.html

shared by Dorottya Szocs on 03 Dec 13 - No Cached
  • A judge in Los Angeles County has ordered Sriracha maker Huy Fong Foods to suspend operations at a plant in the city of Irwindale that local residents claim has caused an overpowering odor.
  • Irwindale claimed in a lawsuit that the stench was causing watery eyes, sore throats and headaches, prompting complaints from dozens of residents.
  • he judge's ruling orders Huy Fong to "immediately make changes in its site operations reducing odors and the potential for odors." The city has been pushing Huy Fong to install a new filtration system to address the issue.
  • ...3 more annotations...
  • "We want to find a balance between letting this business be a business and protecting our residents," Davidson said.
  • For most of its lifespan, Huy Fong has produced the Thai chili sauce without incident in Rosemead, Calif., but it shifted some production to Irwindale earlier this year.
  • The company produced 20 million bottles of Sriracha in 2012, or $60 million worth, all without the benefit of advertising. Consumer devotion to the brand has inspired cookbooks, embroidery, jewelry and a limited-edition flavor of Lay's potato chips
  • Alan Cheung on 12 Dec 13
     
    Very interesting article. It would be fun to see where you take this article. There should be plenty to analyse and evaluate.
Andrei Vacarus

BBC News - Jaguar Land Rover confirms Brazil car factory plans - 1 views

www.bbc.co.uk/...business-25247483

brazil car factory

shared by Andrei Vacarus on 08 Dec 13 - No Cached
  • capable of producing 24,000 vehicles a year.
  • JLR's sales in Brazil for the first ten months of 2013 have increased by more than 40% to 9,549 vehicles.
  • Producing cars locally means JLR will avoid Brazil's high import tariffs. Nor does JLR have to form a partnership with a Brazilian company, as it had to in China.
  • Andrei Vacarus on 08 Dec 13
     
    JLR invests in Brazil
  • Victorita Paun on 12 Dec 13
     
    Not really sure what the Micro-economic connections are here. Your previous article would be more appropriate for an IA on Micro-economics.
azuccolo15

Food, rental housing bump up U.S. consumer inflation - The Globe and Mail - 1 views

www.theglobeandmail.com/...article18000700

shared by azuccolo15 on 15 Apr 14 - No Cached
  • U.S. consumer prices rose in March, but inflation pressures remained generally benign, which should give the Federal Reserve ample scope to keep interest rates low.
  • The Labor Department said on Tuesday its Consumer Price Index increased 0.2 per cent last month as a rise in food and shelter costs offset a decline in gasoline prices. The CPI index had gained 0.1 per cent in February.
  • Economists polled by Reuters had expected a 0.1 per cent rise last month. In the 12 months through March, consumer prices increased 1.5 per cent after rising 1.1 per cent over the 12 months through February.
  • ...7 more annotations...
  • The so-called core CPI, which strips out the volatile energy and food components, also rose 0.2 per cent in March after edging up 0.1 per cent the prior month.
  • In the 12 months through March, the core CPI advanced 1.7 per cent after rising 1.6 per cent in February.
  • The Fed targets 2 per cent inflation and it tracks an index that is running even lower than the CPI. The rise last month could ease concerns among some policymakers about inflation being too low.
  • In March, food prices increased 0.4 per cent after rising by the same margin in February. A drought in the West has pushe
  • In March, food prices increased 0.4 per cent after rising by the same margin in February. A drought in the West has pushed up prices for meat, dairy, fruit and vegetables.
  • More price increases could be on the way after food prices at the factory gate posted their biggest gain in 10 months in March. Gasoline prices fell 1.7 per cent, declining for a third straight month.
  • Within the core CPI, shelter costs increased 0.3 per cent, which accounted for almost two-thirds of the rise in the index. Rents increased 0.3 per cent.There were also increases in medical care, apparel, used cars and trucks, airline fares and tobacco. The cost of recreation, and household furnishings fell.
Andrei Vacarus

More signs Abenomics is working as Japan prices, output rise | Reuters - 1 views

uk.reuters.com/...-economy-idUKBRE97T04U20130830

shared by Andrei Vacarus on 16 Apr 14 - No Cached
  • core consumer prices posted their biggest rise in nearly five years, unemployment fell to its lowest since late 2008, factory output rose and is expected to rise further, and workers' incomes rose.
  • The core-core inflation index, which excludes food and energy prices and is similar to the core index used in the United States, was down 0.1 percent in the year to July, a slower pace of decline than June's 0.2 percent fall.
  • Household spending edged up in the year to July as the feel-good sentiment prompted consumers to eat out more and spend more on travel and leisure.
  • ...7 more annotations...
  • As the economy strengthens, the debate is focused on whether to double the tax in two stages or increase it more gradually, rather than whether or not to increase the tax.
  • Wage-earners' incomes also rose an annual 1.3 percent in July, increasing for the fifth straight month.
  • And the jobless rate improved for the second straight month to hit 3.8 percent in July, the lowest since October 2008.
  • e Bank of Japan have gambled on massive fiscal and monetary stimulus to spark life into the economy,
  • strengthening the case for a planned sales tax increase.
  • Pessimists have argued that the benefits of "Abenomics," a three-pillar strategy of fiscal and monetary stimulus combined with a long-term growth strategy, may be short-lived and won't prompt companies to spend more on investment and wages.
  • The Bank of Japan has a target of lifting inflation to 2 percent in about two years, a goal many analysts see as optimistic given the deflation that has dogged the economy.
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