New York Times (May 11)
The weak yen, coupled with soaring food and energy costs, “are posing yet another challenge for the world’s third-largest economy as Japan trails other major nations in emerging from the economic blow of the pandemic. The rise in prices has spooked Japanese consumers used to decades of stability, and the weak yen is starting to look as if it will depress demand at home more than stimulate it abroad.”
Tags: Challenge, Consumers, Costs, Economy, Energy, Food, Japan, Pandemic, Prices, Soaring, Spooked, Stability, Weak yen
Seeing Alpha (November 10)
“CPI came in red-hot again, up 0.9% month-over-month and 6.2% year-over-year, showing broad-based increases. The biggest contributors to price gains were energy, rent, food, and used cars and trucks.” As a result, “real average hourly earnings for American workers are down 1.2% year-over-year. Not exactly what we’re hoping to see.”
BloombergQuint (October 19)
Hoarding and food shortages are back, even though “there’s plenty of food. There just isn’t always enough processing and transportation capacity to meet rising demand as the economy revs up. More than a year and a half after the coronavirus pandemic upended daily life, the supply of basic goods at U.S. grocery stores and restaurants is once again falling victim to intermittent shortages and delays.”
Tags: Coronavirus, Daily life, Demand, Economy, Food, Hoarding, Pandemic, Processing, Shortages, Stores, Transportation, U.S., Upended
The Times of India (March 26)
“On day one of lockdown, supply of fruits and vegetables took a hit, despite the government having marked it out as an ‘essential service.’ Wholesale suppliers…say there are multiple logistics issues.” The largest “is the closure of state entry points and tolls across India. Some 1.2 crore trucks are said to be stranded across India” with some drivers “getting no food or water as dhabas remain closed for miles along highways, even as essentials rot inside the trucks.”
Tags: Closure, Essential service, Food, Fruits, Government, Highways, Lockdown, Logistics, Stranded, Supply, Tolls, Trucks, Vegetables, Water, Wholesale
Economist (January 11)
“The industries that will suffer most from new regulatory barriers to frictionless trade are those like aerospace, cars, chemicals, food and drink, and pharmaceuticals that rely on uninterrupted supply chains across Europe. They are concentrated in the midlands and north—exactly where Mr Johnson won his new Tory majority. If his weakness in the negotiations causes him to lose favour in those areas, his new domestic strength will be at risk.”
Tags: Aerospace, Brexit, Cars, Chemicals, Drink, Europe, Food, Frictionless trade, Johnson, Pharmaceuticals, Regulatory barriers, Supply chains, Tory, Weakness
New York Times (August 31)
“Worldwide, insect pests consume up to 20 percent of the plants that humans grow for food, and that amount will increase as global warming makes bugs hungrier…. That could encourage farmers to use more pesticides, which could cause further environmental harm.”
Tags: Bugs, Environment, Farmers, Food, Global warming, Humans, Hungrier, Insects, Pesticides, Pests, Plants, Worldwide
1843 (August Issue)
“Doctors and parents both tell young people to eat healthily and drink in moderation, and the young finally seem to be listening. Recent shifts in spending” in both the U.S. and the UK “indicate that they are spending more on healthy food and less on boozing.” For example, in the U.S. “households headed by under-25s have increased their spending on fresh fruit by 77% and on fresh vegetables by 47% (in real terms)” while more than halving annual spending on alcohol “from about $560 in 2000 to roughly $270 in 2015.”
Tags: Alcohol, Doctors, Food, Fresh, Fruit, Health, Moderation, Parents, Spending, U.S., UK, Vegetables
CNN (December 1)
“Nearly every piece of plastic ever made still exists today. More than five trillion pieces of plastic are already in the oceans, and by 2050 there will be more plastic in the sea than fish, by weight… Some 8 million tons of plastic trash leak into the ocean annually, and it’s getting worse every year. Americans are said to use 2.5 million plastic bottles every hour.” The potentially catastrophic impact largely lies beyond our gaze in remote places, like Midway Atoll, where birds are dying from plastic consumption. There is now also “growing evidence that fish may prefer eating plastic to food,” and that the nano-plastics and styrene that make their way into the food chain could have profoundly negative consequences for humankind.
Tags: Birds, Consequences, Consumption, Evidence, Fish, Food, Food chain, Midway Atoll, Nano-plastics, Oceans, Plastic, Remote, Styrene
Financial Times (February 6, 2014)
“In an era when much of the world is worried about the possibility of drifting into Japanese-style deflation, one country has precisely the opposite problem: unbridled inflation.” Over the last 5 years, India’s consumer prices have been rising annually by close to 10%. “That is no small matter for the multitudinous poor, for whom escalating food prices can summon the spectre of hunger. Nor does it do much for macroeconomic stability, which India badly needs in this year of tapering and tricky political transition.” Fortunately, new central bank governor Raghuram Rajan looks “up to the task.” With his tough policies, he may prove the Paul Volcker of India.
Tags: Central bank, CPI, Deflation, Food, Governor, Hunger, India, Inflation, Japan, Macroeconomics, Paul Volker, Poor, Raghuram Rajan, Stability
The Economist (December 7, 2013)
Despite frequent assertions, there is no evidence that genetically modified (GM) crops are bad for people. On the other hand, copious evidence demonstrates how GM crops “benefit the health of the planet. One of the biggest challenges facing mankind is to feed the 9 billion-10 billion people who will be alive and (hopefully) richer in 2050. This will require doubling food production on roughly the same area of land, using less water and fewer chemicals.” GM crops provide the hope that we will be able to meet this challenge.
