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Latest Economy of Africa Stories

2008-08-05 03:00:16

By Martin Crutsinger The Associated Press WASHINGTON - Rising prices, falling home values, stagnant wages and tight credit - it's a potent combination that has struck the American consumer hard. In June, the second biggest rise in prices in nearly three decades muted the impact of billions of dollars in government stimulus payments, government figures showed Monday. Incomes barely budged in June and consumer spending retreated after taking into account the higher prices for food,...

2008-08-04 18:00:41

By ELISHA SAUERS Staff Writer The grocery ads printed on the yellowing pages of a July 1968 edition of The Capital hark back to an age when the price of food was, for many Annapolitans, just an afterthought: Corn was 8 cents per ear, chicken went on sale for 39 cents per pound and a whole watermelon would set a shopper back just 89 cents. A trip earlier this week to a local grocery store revealed prices that are providing today's consumer a little food for thought. An ear of corn:...

2008-08-01 09:00:46

ST. LOUIS (AP) -- Rising costs for fuel, feed and fertilizer propelled grain prices to all-time highs in June, raising the overall price of crops and livestock by 16 percent this year compared to last year. Corn and soybeans hit record prices. Wheat slipped from historic highs in March but is still up steeply from last year, according to a U.S. Department of Agriculture report released Thursday. Grain prices gained 42 percent for the year overall. Prices for farm products rose 1.9 percent...

2008-07-31 15:00:46

By Amanda A. Stevens Journal Staff Writer The food supply is getting thin. Storehouse West is holding a food drive this week through Saturday at all three Albertsons stores in Rio Rancho. "The food drives in the schools and for the holidays are not going to start until October or November, and we're going to be out of a lot of different nonperishable items before that," said Storehouse executive director Carol Nesbitt. "This is needed just to obtain items that we are low on that I know we...

2008-07-30 15:00:55

By McEWAN, David Farmers make good investors, I have always found. That's because they are required to invest time and money for extended periods before getting a return (the gap between planting a crop and receiving a productive yield can be years). Farmers know from experience that some seasons are very good and others can be poor. During a bad season they rarely panic, but hold on because they understand that, sooner or later, a good one will come along. It is while considering...

2008-07-29 12:00:58

By Damian Mann, Mail Tribune, Medford, Ore. Jul. 27--Consumers may need to get creative in meeting their families' budgets as food costs -- particularly staples such as bread, eggs and milk -- continue to rise over the next two years. The U.S. Department of Agriculture predicts food prices will increase 4.5 percent to 5.5 percent this year and another 4 percent to 5 percent in 2009. Those increases come on the heels of a 4 percent increase last year. Some staples have jumped as...

2008-07-29 06:00:30

Text of report in English by Japan's largest news agency Kyodo Tokyo, July 29 Kyodo - Japan decided Tuesday to extend a total of 6.62 billion yen in grant aid to 10 countries in Africa and Asia such as Congo, Liberia and Bangladesh as a relief measure against soaring food prices, the Foreign Ministry said. The move is part of the government's plan to offer about $100 million in emergency aid to developing nations over three months from late April, as well as additional aid worth $50...

2008-07-29 03:01:08

By Pickford, Andrew AGRICULTURAL POWERS - those self sufficient in food, fabric, and hydrocarbon production - once were unambiguously regarded as strategic powers. This has been true throughout history: societies which were not agriculturally efficient and abundant could never long or fully sustain strategic power. Now, once again, a new set of nations is likely to emerge in the 21st Century with significant regional, if not global, influence demonstrably based on their agricultural...

2008-07-29 03:01:08

By Naim, Moises There are many culprits we can blame for higher food prices. But the poor isn't one of them. The spike in food prices is a global crisis, and it is destabilizing politics and economics everywhere. Food prices have doubled in the past two years, and most signs indicate they will stay high. Not surprisingly, the poor will bear the heaviest burden. Household surveys show that the poor already devote half of their spending to food. Inevitably, this percentage will rise sharply,...

2008-07-25 09:01:02

By Jennifer Toomer-Cook Deseret News A South Temple bakery frequented by Gov. Jon Huntsman Jr. and his family is closing shop for good Saturday, largely because of high food costs. Owners of the Avenues Bakery, Kathie Chadbourne and Paul Maurer, are moving their business to Ashland, Ore., where rents are lower and foodstuffs are local, slashing some costs in half. "We've been paying high rent all along, ... but Paul and I have been able to absorb that" in the past, Chadbourne said. "As...


Word of the Day
monteith
  • A large punch-bowl of the eighteenth century, usually of silver and with a movable rim, and decorated with flutings and a scalloped edge. It was also used for cooling and carrying wine-glasses.
  • A kind of cotton handkerchief having white spots on a colored ground, the spots being produced by a chemical which discharges the color.
This word is possibly named after Monteith (Monteigh), 'an eccentric 17th-century Scotsman who wore a cloak scalloped at the hem.'
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