National / International News

Discussion due on failed rape cases

BBC - Fri, 2014-04-11 22:49
Attorney General Dominic Grieve is to discuss failed sexual assault and rape cases brought against high profile figures with the director of public prosecutions.

Osborne 'dig' and family tax 'blow' - papers

BBC - Fri, 2014-04-11 22:32
The state of the UK economic recovery provokes debate, while there is concern the tax system is penalising stay-at-home parents and tributes to Sue Townsend and her creation Adrian Mole.

British double gold in kilo time-trial

BBC - Fri, 2014-04-11 22:14
British riders win gold in the men's and women's kilo time-trials at the Para-cycling Track World Championships.

Hepatitis C trial a 'turning point'

BBC - Fri, 2014-04-11 21:01
A new treatment for hepatitis C cured 90% of patients with the infection in 12 weeks, say scientists after studies in Europe and the US.

Queensland surveys Cyclone Ita harm

BBC - Fri, 2014-04-11 20:00
Residents in northern Queensland survey the damage after Cyclone Ita brought winds of up to 230km/h to parts of north-eastern Australia.

VIDEO: Get set, freeze! North Pole marathon run

BBC - Fri, 2014-04-11 19:30
Runners who find the considerable challenge of competing a marathon distance too easy have competed with the extra tests of sub-zero temperatures.

Food inflation, or, why bacon is a good investment

Marketplace - American Public Media - Fri, 2014-04-11 18:21
Friday, April 11, 2014 - 18:28 Scott Olson/Getty Images

California cows.

If you’ve noticed your receipt from the grocery store seems larger than usual, you have food inflation to thank.

While the prices of everything usually go up due to regular boring inflation, commodities like food have outpaced other goods.

Matthew Boesler, Business Insider reporter, says food inflation is increasing because of a few different factors.

“A lot of it is due to weather. We have a big drought in California. We’ve had dry conditions across the Midwest, the Great Plains regions,” Boesler says. “The extreme weather events serve to disrupt crop supplies. and that can drive prices up.”

“Another factor you have is the ‘financial-ization’ of these commodities markets,” he says. Hedge funds and other investors are increasingly pouring money into goods like beef and coffee. “It’s very easy for an investor to bet on rising commodity prices. And no one really bets on those prices going down, so you have a lot of one-way money flowing into these markets, and they can become quickly overwhelmed because [investment markets are] not designed for that.”

Data: Bureau of Labor Statistics

Raghu Manavalan/Marketplace

 

“Supply and demand sort of governs the price of a commodity, but the way these markets are set up and you know, given how much capital is flowing seeking investment opportunities, the jumps in prices can be very volatile and large.”

Marketplace Money for Friday, April 11, 2014by Raghu ManavalanPodcast Title Food inflation, or, why bacon is a good investmentStory Type InterviewSyndication Flipboard BusinessSlackerSoundcloudStitcherBusiness InsiderSwellPMPApp Respond No
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