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By Binsal Abdul Kader, Staff Reporter Published: 07:00 July 13, 2014 Abu Dhabi: Food waste adds pressure on the UAE's scarce water resources, according to a senior official of the UN's Food and Agricultural Organisation (FAO). The article talks about food waste in the UAE and how it affects the current issue of water scarcity. Since production of food needs water, so when it goes to waste the water used to produce goes to waste. In addition to wasting of water, all natural resources used to grow, process, package, transport, and to market in goes to waste. The UN's Food and Agriculture Organisation representitive stated that more public awareness is needed to inform the population of water scarcity. In addition to that he informed up to 30 percent of natural resources and energy used to produce food is wasted along with the lost or wasted food. That tells us that more water is even wasted, while other countries suffer from starvation and lack of water. This article interested me as this is new information so I agree that public awarness should be increased as this is a huge issue.

this article talks about a recent food problem in Lebanon. where restaraunts have served food with fecal matter and decaying anmimals in it. and as a result some stores are raising the prices of there meat because pwople will pay more for the good meat. But the government is putting a price ceiling on meat. so companies cant take advantage of this.

Article introduces a new way to fight obesity unhealthy food consumption ; by increasing the tax on fast food and sugary drinks and decreasing the tax of vegetables and fruits in order to encourage a healthy diet.

I think that this a great article in many ways. First of all, it shows how we can no look at economics in only one way and that nothing is actually certain because there are many determinants. One action can have exactly opposite results even. Secondly, I think that it is really interesting that a change would effect one group but not the other. I mean it is not actually "interesting" because it is a daily life that we can observe, but it was interesting to be reminded of that fact once more, related to what we have learned this week. Lastly, the strategy they have thought of to fight obesity really made sense to me. Nutrition is really important and it always seemed very irrational to me that all these junk food is more expensive than healthy food. It makes sense considering that different markets benefit from this situation, but still on something that relates to health, I believe that we should be more worried about society's benefit than companies benefits'. I believe that there may be exceptions to equilibrium, if it will benefit humanity.

This article mentions about the negative externalities of junk food such as Junk foods' unhealty effects on body.

Gov. Jerry Brown signed legislation on Tuesday overhauling the state's management of its groundwater supply, bringing it in line with other states that have long regulated their wells. This is really important because california has large agriculture based businesses (central valley). In fact, the oppositions to the legislature were people in the agriculture business. This potentially allows water companies and regulators to intervene if water use is excessive or improper. This is an article directly discussing scarcity of water and natural resources and how the government regulates these resources. This passing of this legislature could also have some opportunity cost along with it; less water=maybe more expensive food, less food, more chance of dying crops (?)

This article focuses on the effect of skyrocketing grocery goods prices and different supermarket chains or grocery stores' customers' reactions to the increment of prices. It makes a clear comparison between stores with loyal customers who don't mind the changes and customers with low budget and these two groups' priorities and choices.

This article talks about how large grocery retailers have had to postpone opening new supermarkets and might have to close down existing ones because of a decline in sales and decrease in income. Because general consumer income is spent less on food and increasingly on other goods like clothing, the quantity of food demanded by the public is going down and this fractional decrease is affecting the retailers.

The article is about how the prices of breakfast items had a big jump. Since these products are inelastic, their demand seems to be not affected from these minor price changes. Since there are not many alternatives or substitutes for these products (You wouldn't want to eat spaghetti in breakfast, would you?), people tend to show the least reaction to changes in the prices.

This article disscusses how Hershey products fell and haven't met the expectation since it's the season of Halloween and Kit Kat and Reese's exceeded the candy maker expectation. However to reduce impact of volume of elasticty will work closely with retail costumers and insure good advertisment and promotion is being made.

This is a great article! It shows how Hershey has chosen to take in other factors of business such as marketing and advertising to improve it's demand in it's products.

The Hungarian government recently approved taxes on a wide variety of goods including soap, advertising, foreign firms, unhealthy food, and more, and other taxes including Internet usage and tobacco are in the works. Prime Minister Viktor Orban imposed these taxes to help reduce Hungary's deficit, but he has been warned that they could impede growth and investment, as taxes shrink the market.

"But many economists call it a classic case of a government causing a problem rather than solving it. Prices are set so low, they say, that companies and producers cannot make a profit. So farmers grow less food, manufacturers cut back production and retailers stock less inventory." In Venezuela, poorly executed price ceilings are causing massive shortages of many necessities. Although prices are cheap, it is extremely difficult to find necessities like bread or toilet paper.

A bumper crop of grains has decreased the price for corn, soybeans and wheat. This is a good example as to how a non-price determinant of supply can effect the prices of products, which in turn cause an increase in demand. Although this may be good for the average consumer, economists need to make sure that inflation doesn't fall too low, or cause deflation. This could cause corporate profit losses, causing wages to lower, which could potentially cause the economy to go into a recession.

Inflation is expected to fall to a fresh record low of just 0.1% when figures are released today, as Britain heads for a period of deflation. A fall in the consumer prices index in February from 0.3% in January would provide a further boost for households already benefiting from falling fuel and food prices.