Word: felling
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...Still, it's another challenge for the industry at a time when demand in mature markets could use its own caffeine kick. While global coffee consumption grew slightly last year, the level in Europe - which brews up roughly twice as much as the U.S. in absolute terms - fell by 2%. "There's still a bit more to come with regards to demand erosion" in both of those big markets, says Abah Ofon, a commodities analyst with Standard Chartered in Dubai. Any growth in demand from developing markets, he says, is "insufficient to lift a market which is falling...
...prices for the crop have tumbled in recent weeks amid signs of dwindling demand for chocolate products in mature markets. The European Cocoa Association said last month that grinding - the process that turns the crop into cocoa butter or powder and a handy proxy for demand - by its members fell 11% in the first quarter of this year. Grinding across the U.S., Canada and Mexico fell by slightly more in the same period. That's prompted some manufacturers to "provide some promotion on their products," says Laurent Pipitone, senior statistician at the London-based International Cocoa Organization, "because they face...
When the bottom finally fell out, many investors found themselves holding properties they didn't want or couldn't afford. Others found themselves with nothing at all. Only 70% of the off-plan projects will end up being built, according to McKinnon. More than half of all developers have simply shut up shop or been delisted by real estate regulators; more reputable developers are consolidating projects and offering investors in canceled developments ownership in different locations...
...Bear sold itself to JPMorgan Chase for a paltry $2 a share, its CEO, worn down by round-the-clock negotiations, stood in a Starbucks and softly cried as he waited for his coffee. Street Fighters won't hold up as the most comprehensive history of how high finance fell apart in 2008. But it may be remembered as the most human...
...with my ludicrously expensive ticket, I was immediately met by celebrity chef April Bloomfield of fancy Manhattan gastro-pub the Spotted Pig. The whole foyer is a massive buffet with countless stations, and April served up a pork-belly sandwich that was very moist - so moist that the bread fell apart. Really, April? I washed this down with a chateaubriand cheeseburger on a puffy little brioche that was completely perfect. So I ordered another. I estimated my tab at $40. I had been there 10 minutes. (See the top 10 food trends...