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Rising food prices eat into profits

At King's Hawaiian Bakery in Torrance, it's getting harder and harder to turn a profit, as the price of ingredients has soared in the last year.

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fred in Rolling Hills
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#1
Sunday May 4
 
This article is way too funny.

First, you have a Republican, Keegan, whining about high flour prices and not being able to make money for the first time in 4 years. he can thank Bush and his party for the idiotic ideal of converting corn into ethanol. It cost more and pollutes more to make ethanol than just make gasoline.

Second, here we are in one of the wealthiest parts of the nation and people are hoarding rice because it cost $2 more per lbs.? How much rice are these people eating? If people can afford a Costco membership they can afford $2 more per lbs. Has anyone been to the Torrance Costco lately? Nothing but SUVs in the lot. Maybe these imbecile hoarders should drive hybrid or a nonguzzler if they can't afford rice.

Third, there are no shortages but there is a devaluation of the dollar and it makes sense for producers to sell where they get paid more. Anywhere else but the US. Couple that with manipulation by speculators and you have your price increases.
How wrong could you be
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#2
Sunday May 4
 
fred in Rolling Hills wrote:
This article is way too funny.
First, you have a Republican, Keegan, whining about high flour prices and not being able to make money for the first time in 4 years. he can thank Bush and his party for the idiotic ideal of converting corn into ethanol. It cost more and pollutes more to make ethanol than just make gasoline.
Second, here we are in one of the wealthiest parts of the nation and people are hoarding rice because it cost $2 more per lbs.? How much rice are these people eating? If people can afford a Costco membership they can afford $2 more per lbs. Has anyone been to the Torrance Costco lately? Nothing but SUVs in the lot. Maybe these imbecile hoarders should drive hybrid or a nonguzzler if they can't afford rice.
Third, there are no shortages but there is a devaluation of the dollar and it makes sense for producers to sell where they get paid more. Anywhere else but the US. Couple that with manipulation by speculators and you have your price increases.
The only thing you got right in your complaint was the hack job AGAIN, the Daily Breeze writer does in this article. Other then that, you complaint(s) were simple minded.

First, the increase in wheat prices has nothing to do with corn, and or, corn production. These increases are totally based on schematic production costs that was implemented 10 years ago by the Clinton administration as part of it "shared costs" in off setting foreign supplies that kicked in three quarters ago. Truth be known, due to the Bush administration, that increase was cut by some 75% through it's appeal of some on the tariffs (or intra state embedded taxes) back in 2004. The corn situation only effects that of foreign supplies that we sell to Russia, India, and China. These were planned increases due to population growth and anticipated usage by Ethonal production, and corn meal as a staple.

Second, you didn't do your research on the "rice" situation. There are not shortages of rice per-se. The said "rice" shortage only applies to long-grain white rice imported from south-east Asia. All other rices are in ample supplies. The only reason for the shortage is due to a distribute dispute internally in Vietnam. There's no shortage, it's simple economic as far as the supply. On a second note to you compliant, when calling people imbeciles, well my friend, I guess you did know but California, for example, only produces 7.5% of it's cars, SUV's, and other modes of transportations as hybrids. So, how can the people you called "imbeciles" get hybrids if the supply is not there? The reason people in Torrance, New York, Las Vegas, where ever get SUV's is due to their functionality as a form or transportation for young families and their safety. A passenger car will only give you an increase in mileage if it's feasible, but not practical.

Finally, although in principal, you're right about the dollar being worth less, it's not devalued, it's deflated. There's a big difference between the two, and I'm sure it was a simple type-o on your part. The deflated dollars allow for the US to sell goods to others internationally at a more uncompetitive rate. This is now showing up in finally profits for automobile manufacturing sales in international market. In-turn, this increases the job market, therefore said tax revenue, thus internally products sold. Speculators only effect the intra-day aspects on the valuation of the dollar, and or, commodities. Said prices are only reflected on supply and demand. You made it seem that speculators can determine what the price of tea in China is going to be, and we all know that's not the case especially due to the fact that speculation is based on contract of future fluctuation on a given price.

I'm sure these were simple mistakes on your end, unless you're a Democrat, then it's just par for the course.
ching-a-ling
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#5
Sunday May 4
 
How wrong could you be wrote:
<quoted text>
The only thing you got right in your complaint was the hack job AGAIN, the Daily Breeze writer does in this article. Other then that, you complaint(s) were simple minded.
First, the increase in wheat prices has nothing to do with corn, and or, corn production. These increases are totally based on schematic production costs that was implemented 10 years ago by the Clinton administration as part of it "shared costs" in off setting foreign supplies that kicked in three quarters ago. Truth be known, due to the Bush administration, that increase was cut by some 75% through it's appeal of some on the tariffs (or intra state embedded taxes) back in 2004. The corn situation only effects that of foreign supplies that we sell to Russia, India, and China. These were planned increases due to population growth and anticipated usage by Ethonal production, and corn meal as a staple.
Second, you didn't do your research on the "rice" situation. There are not shortages of rice per-se. The said "rice" shortage only applies to long-grain white rice imported from south-east Asia. All other rices are in ample supplies. The only reason for the shortage is due to a distribute dispute internally in Vietnam. There's no shortage, it's simple economic as far as the supply. On a second note to you compliant, when calling people imbeciles, well my friend, I guess you did know but California, for example, only produces 7.5% of it's cars, SUV's, and other modes of transportations as hybrids. So, how can the people you called "imbeciles" get hybrids if the supply is not there? The reason people in Torrance, New York, Las Vegas, where ever get SUV's is due to their functionality as a form or transportation for young families and their safety. A passenger car will only give you an increase in mileage if it's feasible, but not practical.
Finally, although in principal, you're right about the dollar being worth less, it's not devalued, it's deflated. There's a big difference between the two, and I'm sure it was a simple type-o on your part. The deflated dollars allow for the US to sell goods to others internationally at a more uncompetitive rate. This is now showing up in finally profits for automobile manufacturing sales in international market. In-turn, this increases the job market, therefore said tax revenue, thus internally products sold. Speculators only effect the intra-day aspects on the valuation of the dollar, and or, commodities. Said prices are only reflected on supply and demand. You made it seem that speculators can determine what the price of tea in China is going to be, and we all know that's not the case especially due to the fact that speculation is based on contract of future fluctuation on a given price.
I'm sure these were simple mistakes on your end, unless you're a Democrat, then it's just par for the course.
Two words: prove it.
Ahkim Goldberg
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#7
Sunday May 4
 
Way to hold a grudge, Larry. Oh and by the way, the correct spelling is kharma.
How wrong could you be
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#8
Sunday May 4
 
ching-a-ling wrote:
<quoted text>Two words: prove it.
I'm sorry, but what are you asking me to prove? The type of rice? Clinton's roll? The amount of manufactured hybrids in California? What?

Never mind. I'll assume you're a liberal, and looking to place blame for whatever, on whomever, whenever.

See, here's the thing. It's easy to blame, but rather hard to take responsibility. At the end of the day, we all need to be good stewards to our neighbors, and advocates for our brothers. That being said, look deep in the mirror, and tell yourself what you see. And, if you're like me, you'll see the true problem, and in turn, the only solution.
Wally George
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#9
Sunday May 4
 
Two words to ching-a-ling: You're stupid.
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