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catherineechl f09

World's Poor 'One Shock' From Crisis as Food Prices Climb, Zoellick Says - Bloomberg - 0 views

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    As food prices rise in the world, more people become impoverished. Robert Zoellick, President of the World Bank, argues that inflation in food prices is the greatest threat to people living in poverty. Zoellick also criticizes export bans that lift costs for foreign consumers, as the bans put additional strain on local food prices in impoverished nations.
meiechl f09

BBC NEWS | Business | Q&A: Rising world food prices - 2 views

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    In this article BBC special correspondent Tom Feilden 'looks at the reasons why the era of cheap food is coming to an end'. The article describes how the prices of basic foodstuffs around the world are rising at a rapid rate. It explains that a population boom and economic growth created a new middle class which drastically increased food consumption. This excess demand over supply has therefore hiked up food prices considerably.
issaechl f09

World food prices: Whatever happened to the food crisis? | The Economist - 2 views

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    This article talks about the recent food crisis and its origins. It describes the various ways in which demand has increased, and thus how prices have increased. It also talks about how the market should respond to lower prices.
issaechl f09

Food prices push millions into poverty - 0 views

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    This article is about how rising food prices, recently aggravated by unrest in the Middle East, have rapidly been "pushing" many people below the poverty threshold. 44 million people are now below the threshold of extreme poverty.
issaechl f09

McDonald's Sales Rise Despite U.S. Weakness - WSJ.com - 1 views

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    This article talks about how McDonalds recently started a $1 dolar breakfast meal to try and increase sales. This price for breakfast does not take into consideration the social cost of consuming such unhealthy food. Because of the negative externalities such as weight gain and heart attacts, this is a form of market failure, .
catherineechl f09

World Bank, IMF call for support for Mideast Emerging Markets Report - MarketWatch - 0 views

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    The World Bank and IMF are calling for support for Middle Eastern nations, arguing that higher food and oil prices, and a jobless economic recovery, will harm nations in the region. The World Bank and IMF are saying that, in the long run, lack of involvement in the Middle East will cause a downturn in the economy - and an increase in poverty.
marrissaechl f09

Big Canuck buck may benefit some | sea food - 1 views

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    This articals explains how seafood at a large canadian seafood company try to keep steady prices with a very inacurate knoledge of what fish will be caught and the demand on that determined by price of the amount of fish in the stores. Currency can rapidly rise and fall in canada for fish markets suffer.
matteaechl f09

Prices Hike, Teachers Strike - 0 views

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    This article is about teachers in Chad going on strike because their pay does not cover high food prices and other costs of living. This high cost of living, which many people cannot afford, means that people's lives are not improving. This shows a lack of economic development.
marrissaechl f09

Hersey | Ferrero vs. Cadbury - 1 views

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    Chocolate makers Hershey Co and Ferrero are considering a joint bid for Cadbury Plc that could help the British confectioner fend off a hostile takeover by Kraft Foods Inc. Cadbury had not been contacted by Ferrero but would consider any attractive offer.
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