Word: milked
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...Dougherty. “We are running into a lot of trouble with the same issues, like fuel charges and commodity prices,” said Megan O’Neill, associate director of restaurant operations at Boston College (BC). O’Neill specifically referenced flour and milk prices. Food prices have increased 75 percent since 2005, according to a recent article in The Economist. At BC the increase in food prices is directly passed on to the students and does not diminish the food’s quality. The college has “a little more leeway...
...long hallway. The site is reminiscent of a military checkpoint, but the eager consumers seeking entrance are there for a less sinister reason. They're stocking up on basic food supplies such as rice, black beans, and what has, in recent months, become the Holy Grail of edibles: powdered milk...
Shipments of powdered milk from Belarus are providing a temporary respite. The government is "increasing the amount of powdered milk in order to reduce the demand on liquid milk," says Roger Figueroa, executive director of the Venezuelan Milk Industry Chamber. Such shortages of milk and other food staples have intermittently plagued Venezuela since 2003, when the government imposed price controls. Now, the leftist government of President Hugo Chavez is blaming businesses for the crisis even as economic analysts believe the government's own policies have brought about the debacle...
...Presidente. And then he pointed the finger: "A clear example is Polar." According to local media reports, the company has undergone more than 70 inspections during the last four months by various government agencies. Polar has denied the accusations, pointing out that it doesn't produce items such as milk, chicken, meat, sugar, coffee and eggs that are regularly absent from supermarket shelves. It does, however, produce one price-controlled item: oatmeal...
Economic analysts place the blame for the shortages elsewhere - specifically on the price controls imposed by the government. The analysts say the controls have destabilized the marketplace. Milk producers, for example, may find it hard to break even selling fresh milk at official prices; and so they find profits by selling their products abroad or by producing cheeses whose prices are not dictated by the government. Perhaps to make up for the lack of profits from regulated staples, non-regulated food items have experieced inflation of 32.7% last year. Perhaps reflecting the effect of price controls on the country...