Word: corns
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Dates: during 2000-2009
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...made. She is the co-author of a new study that sampled almost 500 fast food items from McDonald's, Wendy's and Burger King and proved what many Americans may already suspect: On a chemical level, the vast majority of fast food meat derives from a single source: corn. She did this by following the vegetable's unique chemical markers that persist even after it's been processed and mixed with other ingredients or eaten as cattle feed. (Corn is heavily used in feedlots to fatten cows up before slaughter.) Fast food critics say a single-source, corn-based...
...corn-based fast food unique to America? U.S. meat consumption is the highest in the world. It's one and a half times higher than the next country on the list, which is Germany. There's so much meat consumption going on in this country and that's another reason meat is worth questioning...
...this year has taken a big bite out of the company's profitability. Cost inflation of close to 10% in 2008 means each bag of chips has cost Pepsi more to produce, even as belt-tightening consumers resist paying more for their food. Earlier this year, skyrocketing prices for corn, rice, wheat, vegetable oils and other key ingredients further added to core expenses, shrinking Pepsi's margins. Even packaging and delivery costs have risen. In response, CEO Indra Nooyi recently announced that the company would lay off 3,300 of its 185,000 workers and close six manufacturing plants, after...
...Pepsi, the good news is that the commodity cycle eventually turns in your favor, and this time it is happening in a hurry. Corn prices were down more than 50% by November from their summer peak. Aluminum prices were down 20%, which makes can stock cheaper, and oil costs have fallen a third. That will help make international expansion less costly...
...Assigning numbers to the chance of something bad happening is a centuries-old endeavor--mortality tables have been used to devise insurance premiums since the 18th century. With modern computing power, though, financial engineers captured, packaged and sold risk exposure in startlingly new ways. Buying protection against a bad corn harvest or a spike in interest rates was just the beginning. Over time, as instruments became more complex, a huge shift occurred. Risk itself became the thing to trade--and to make money on. In the process, risk was redistributed to the people who could best handle it, making everyone...