Thursday, April 24, 2008

Don't Be So Quick To Throw Rice At Your Summer Wedding

According to "The Independent," major food store chains- like Sam's Club and Costco- are rationing their inventory of rice. They are reportedly barring consumers from buying the food stable in large quantities. This maneuver come as the price of rice has reportedly risen by 68% internationally.

Limiting the amount of food that a citizen can buy in an American market is an unprecedented move. This rationing strategy is being implemented even though the leader of the California Rice Commission stated that there are no rice shortages in the U.S.

After reading this statement I was perplexed as to why the high rise in price, and the rationing measures, were taking place. This seems to defy the laws of supply and demand. Why ration something that is available in abundance? Put your thinking caps on to answer that one. The first person to come up with a viable/non-sinister answer, moves to the head of the class.

[SIDEBAR: It is being reported that flour is next].

UPDATE: CNN has weighed in on this story. CLICK HERE to read their take on the subject. Does CNN move to the front of the class? You be the judge.

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