Site Search:
 
Speak Korean Now!
Teach English Abroad and Get Paid to see the World!
Korean Job Discussion Forums Forum Index Korean Job Discussion Forums
"The Internet's Meeting Place for ESL/EFL Teachers from Around the World!"
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

A Run on Rice

 
Post new topic   Reply to topic    Korean Job Discussion Forums Forum Index -> Current Events Forum
View previous topic :: View next topic  
Author Message
bucheon bum



Joined: 16 Jan 2003

PostPosted: Wed Apr 30, 2008 9:51 pm    Post subject: A Run on Rice Reply with quote

I personally have not noticed a significant increase in food prices here in the States; my grocery bill is no more than it was when I was an undergrad at the beginning of the decade. Regardless, looks like people are freaking out about rice:

Quote:
At the Sun Kau Shing grocery, for example, 50-pound bags of long-grain rice were selling for $32 to $38 on Tuesday. That, customers said, was an increase of about 35 percent over a month ago. It was enough to stop amazed pedestrians in their tracks.

�Thirty-three years I�ve been living here, and I�ve never seen the price like that,� said Jimmy Chiu, 56, who hails from Hong Kong and works for the municipal railway here. Mr. Chiu said he had never worried about the price of rice before. �But I�m worried now,� he said.


Some people are getting a little nutty:

Quote:
One Asian-American woman, who insisted that she not be identified because she did not want to be perceived as a hoarder, said she had bought 30 pounds �because of the shortage.�

�We don�t even eat that much rice,� she said. �But I read about it in the newspaper and decided to buy some.�


Ny Times article
Back to top
View user's profile Send private message
Pluto



Joined: 19 Dec 2006

PostPosted: Wed Apr 30, 2008 10:38 pm    Post subject: Reply with quote

The Fed just cut the rate another .25% down to 2%. It seems as though the Fed wishes to continue its high inflation/weak dollar strategy. Expect the price of commodities to go up, including gas and rice. LINK
VIDEO LINK


Edit: It seems as though the interview was with the a former head of monetary analysis from the New York Fed; he largely agrees withe the rate cut. However, as some of you may know, I am aregular readr of the WSJ and their editorial board has been deploring the Fed to move away from this strategy. I've argued that the Fed should have been holding the line since 3% so I've largely concurred. Here is a good rebuttal: The Fed Must Strengthen the Dollar
Back to top
View user's profile Send private message
Gamecock



Joined: 26 Nov 2003

PostPosted: Thu May 01, 2008 2:03 pm    Post subject: Reply with quote

Well, there are food shortages around the world...but not in the U.S. It's just ridiculous. More of Americans being conditioned to be constantly afraid.
Back to top
View user's profile Send private message
Tjames426



Joined: 06 Aug 2006

PostPosted: Fri May 02, 2008 4:29 am    Post subject: Reply with quote

An American speaks to the World...

the truth is, we are feeding our SUVs with your food. You see. My SUV is more important than your starving baby or grandmother.

It is not because there is a shortage of oil. The US Mainland and Alaska has lots of oil. But you need to understand. The USA cannot be oil independent. The Middle East Muslims depend upon us giving them millions of dollars for their oil.

Hmm....that is right. the Democrats and Republicans in the US Government would rather give millions of US dollars to corrupt Muslim dictators who stifle democracy. Drilling for oil in the US would not cost more, but is it Politically Incorrect.

But making petrol with corn [and other food stuffs] is not politically incorrect. Therefore, in an effort to appear politically correct, it seems the USA lets your children starve and die.

We hope you understand all this and are comforted while you fight for food and watch your children die.

Thank you, The United States of America
Back to top
View user's profile Send private message
Pluto



Joined: 19 Dec 2006

PostPosted: Fri May 02, 2008 7:48 am    Post subject: Reply with quote

While I don't agree with the billions of dollars in corporate welfare that go to agriculture companies such as ADM, I think the larger issue is inflation. Inflation is the bigger culprit than corporate subsidies. As for these corporate subsidies concerning ethanol and other agricultural subsidies, the UK, as is the rest of the EU, is far worse than the US. -- Just something to think about when you berate the US and not mention your own country.
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    Korean Job Discussion Forums Forum Index -> Current Events Forum All times are GMT - 8 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


This page is maintained by the one and only Dave Sperling.
Contact Dave's ESL Cafe
Copyright © 2018 Dave Sperling. All Rights Reserved.

Powered by phpBB © 2001, 2002 phpBB Group

TEFL International Supports Dave's ESL Cafe
TEFL Courses, TESOL Course, English Teaching Jobs - TEFL International