Feeling the Pain

April 28, 2008 - 3:07 PM by

We here in the Promised Land are also feeling the pain of soaring grain prices.

According to Hebrew press reports, flour & cooking oil prices went up by 25%, pasta increased by 12.5%, chocolate by 10% and rice went up a whopping 60-80% (!!!) in Israel.

OUCH!!!

And it’s all being fueled by rising oil prices, say industry analysts, who also predict prices to continue elevating for years.

Time to get kickin’ big time on the alternative fuel trail…

Ahh….the magic of a global economy.

Tags: • Category: Business, Food, Technology 

Comments

One Comment on Feeling the Pain

  1. David-Joe on Tue, Apr 29th 2008 1:27 AM

    2. This is the result of a world that has scorned the only rational and proper socio-economic system ever designed, laissez-faire laissez passer capitalism.

    Why is it the only rational system? Because it is based upon the laws of economics which are as immutable as those of physical science, because they are all based on the epistimology and metaphysics of reason and reality – which is as Aristotle identified and changed humanity forever, objective.

    Try and defeat the law of gravity and you will have an illusion turn into the reality of a nightmare – this applies to economics.

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