COMMENTS:
on CNN: Sams Club and Costco stores are resticting the quantity of RICE that their customers can buy, due to skyrocketing grain futures.
apparantly, shortages are already happening.
by LCD on Thu Apr 24, 08 10:11am
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Voted : Food riots will happen soon, if this continues
More countries are headed down this path every year. Once every job is outsourced, it will happen here too.
Rohypnol for all the females!
`Counciltucky
MOOOOOOOOOOOOOOO
Voted : Food riots will happen soon, if this continues
Eventually, yes. More than likely due to shrinking aquifers under the southwest states that are used for irrigation, and the growing use of food crops for bio-fuels.
I'm glad I know how to garden and hunt.
First, what you describe has been going on since time began.
Let me put this into perspective:
"She and her husband was receiving around $1000 a month in social security."
If they are receiving that small amount total, together, that means they did not pay very much into the system throughout their lives. Why? Probably because they did not earn that much, or, actually did not work that much, or, only one of them worked.
From the Social Security Administration's Website:
Average 2008 monthly Social Security benefits
Retired worker: $1,079
Retired couple: $1,761
Disabled worker: $1,004
Disabled worker with a spouse and child: $1,690
Widow or widower: $1,041
Young widow or widower with two children: $2,243
So this couple described in the article, are actually collecting $769 less than the average retired couple per month.
I'm not saying they're lazy or in any way mocking them, but you do have to ask the question: how did they think they were going to live on $1,000 per month?
LCD, in the near future, you can count on there being mass riots and chaos all over the place, in every corner of the world, bar none.
Good luck! :)
"on CNN: Sams Club and Costco stores are resticting the quantity of RICE that their customers can buy, due to skyrocketing grain futures.
apparantly, shortages are already happening. "
by LCD on Thu Apr 24, 08 10:11am
LCD, that is not the case at all and it's really important that if you're going to write that, you give the full details.
They are stopping restaurants from hording 20 lb or bigger bags of rice. Restaurants, expecting a rise in prices, started to go into these places and buy it all up, to hold onto it. In order to prvent that, the stores limited the quantity. Where do you get your news?
Here is the story:
The move comes as U.S. rice futures hit a record high amid global food inflation, although one rice expert said the warehouse chains may be reacting less to any shortages than to stockpiling by restaurants and small stores.
Sam's Club followed Seattle-based Costco Wholesale Corp., which put limits in at least some stores on bulk rice purchases.
Sam's Club declined to say if this is first time it has restricted sales of bulk foods. The limits affect 20-pound bags, not retail-sized portions.
USA Rice Federation spokesman David Coia said there is no rice shortage in the United States.
"It's possible that small restaurants and bodega-type neighborhood stores may be purchasing rice in larger quantities than they do typically to avoid higher prices," Coia said about the warehouse chain restrictions.
I'm sorry, but people really do need to give accurate information.
^ so your argument is that poor people in this country is not affected by the shortage, just restaurants???
say, have you ever been hungry?
believe it or not, even poor people have the intelligence to gather food for tomorrow when they see that there are shortages.
it gets ugly when the food stocks in their pantry runs out, and there's no more food to be found, then it gets ugly.
"are actually collecting $769 less than the average retired couple per month. "
that's the reality for some people. When you start taking averages, you always ignore the extremes: keep in mind every millionaire counted in averages mean 10,000 people eating tree barks.
well, let's see in 10 years what happens, only time will tell
by LCD on Thu Apr 24, 08 12:14pm
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I think you're a Prophet of Doom sometimes. :) Kidding :)
LCD, you are making the mistake of using the word "you" in this.
It is not MY argument. I prefer to deal in facts and not fear. Had you presented the rest of the story, I would have felt otherwise:
"We are not seeing any signs of concern in the supply chain that would cause us to limit the sales of any items," Galberth said.
U.S. rice futures soared to an all-time high Wednesday as investors bet that surging world demand will continue to pressure already dwindling stockpiles. Rice for the most actively traded July contract jumped 62 cents to $24.82 per 100 pounds on the Chicago Board of Trade, after earlier rising to a record $24.85.
Relentless demand from developing countries and poor crop yields have pushed rice prices up 70 percent so far this year, raising concerns of severe shortages of the staple food consumed by almost half the world's population.
Most of the rice eaten in the world is consumed within 60 miles of where it was grown, said Nathan Childs, an economist and rice expert with the U.S. Department of Agriculture. Traditionally very little of it was traded in the world market.
But as populations crossed borders, the taste for specialty rices such as the Indian basmati, or Thai jasmine rice, which grow only in their areas of origin, spread.
U.S. production of long grain and medium grain rice is strong, and the global crop is larger than ever, Childs said. But with some of the principal exporters of the higher-priced rices, such as India and Vietnam, shunning foreign sales to control prices at home and the cost of food generally going up, the price of rice has been climbing to new heights.
What adds to the price spike — and the run on specialty products like basmati — is that rice consumers tend to be very loyal. The market is highly segmented by type of rice and quality, and buyers will generally not take a substitute, Childs said.
"California's had a pretty good crop, but basmati and jasmine consumers have a history of not switching," he said. "They could always have bought cheaper Calrose. But they don't."
See to me LCD, there is a world of difference between someone running around yelling "the sky is falling, the sky is falling!! End your own life to avoid the sky falling on you!!" And someone saying "Scientists say there is a hole in the Ozone layer and if not addressed, in 1,000 years, the sky could fall." :)
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