Word: price
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...different response is called for if the country is to cope with food-price inflation. Japan needs to deregulate its agricultural industry. The sector is plagued by longstanding barriers to entry that prevent corporations from getting into the business. This hampers the introduction of modern farming techniques that would improve productivity and profit margins. By maintaining the status quo, Tokyo is missing out: the rise in food prices and increasing incomes in other Asian economies provide substantial export opportunities for Japanese farmers...
...fear of becoming a sleazy expat who takes everything at face value, I have held my nose, dived into the smog, and tried to find an authentic experience in a city that’s about as real as Vegas or Dubai.“This is my lowest price, I can go no lower, I could be killed, I cannot feed my family for any lower price,” the owner of a shop once said to me with tears welling in her eyes. I looked at the knock-off shoes I was bargaining for, sighed, and paid...
...Unfortunately, the price set by the all-too-small futures market transcends oil to influence the entire American economy. Our oil-dependent economy is shaped by oil's arbitrarily determined price. In many ways, oil has become a pseudo-currency. Similarly, with oil traded internationally in U.S. dollars, the dollar is pegged against oil. While squeezing American industry, high oil prices also devalue the dollar. With the state of our economy reflected in the price of oil, it has become a new standard for valuing America. We are slaves to this black gold standard...
...futures markets is a closed book that needs to be opened beyond price transparency to participant transparency. After each contract has expired, NYMEX and other exchanges should reveal the participants in each trade. Tear down the wall of anonymity, and long positions will, we believe, connect back to oil suppliers, who should theoretically be sellers of oil, not buyers...
...whether muddling through in some kind of collaboration with the power on the ground is not preferable to war. In Gori, now largely abandoned after the Russian bombings, farmer Giorgi Chikladze says he hopes he can now sell his peaches to Russia , where he says he would get higher prices than in Tbilisi. In the old days when Georgia was still under Soviet rule, he says, his family sold its harvest of apples and peaches to Russian markets. But since the border was closed to trade following Georgian President Saakashvillis' souring relations with Moscow, that's no longer possible...