Spend Matters Afternoon Coffee

The "little value, lots of cost" caveat of middlemen.
The High Cost of Gambling on Oil -- Today, speculators dominate the trading of oil futures. According to Congressional testimony by the commodities specialist Michael W. Masters in 2009, the oil futures markets routinely trade more than one billion barrels of oil per day. Given that the entire world produces only around 85 million actual "wet" barrels a day, this means that more than 90 percent of trading involves speculators' exchanging "paper" barrels with one another. Because of speculation, today's oil prices of about $100 a barrel have become disconnected from the costs of extraction, which average $11 a barrel worldwide. Pure speculators account for as much as 40 percent of that high price, according to testimony that Rex Tillerson, the chief executive of ExxonMobil, gave to Congress last year. That estimate is bolstered by a recent report from the Federal Reserve Bank of St. Louis.

Your 2012 "Pros to Know."
Supply & Demand Chain Executive Announces 2012 Pros to Know -- With the 2012 edition of Supply & Demand Chain Executive's Pros to Know, the magazine is recognizing many of these exceptional supply chain executives at manufacturing and non-manufacturing enterprises who are leading initiatives to help prepare their companies' supply chains for the significant challenges ahead. These men and women are helping the supply chain to be increasingly recognized as a strategic differentiator crucial to meeting the challenges of the "new normal."

Think you've had Kobe beef in the US? Think again.
Food's Biggest Scam - The Great Kobe Beef Lie -- You cannot buy Japanese Kobe beef in this country. Not in stores, not by mail, and certainly not in restaurants. No matter how much you have spent, how fancy a steakhouse you went to, or which of the many celebrity chefs who regularly feature "Kobe beef" on their menus you believed, you were duped. I'm really sorry to have to be the one telling you this, but no matter how much you would like to believe you have tasted it, if it wasn't in Asia you almost certainly have never had Japan's famous Kobe beef.

Gross!
48% of Chicken in Small Sample Has E. Coli -- E. coli, which the study said was an indicator of fecal contamination, was found in 48 percent of 120 chicken products bought in 10 major cities by the Physicians Committee for Responsible Medicine, a nonprofit group that advocates a vegetarian diet among other things. The study results were released Wednesday. "Most consumers do not realize that feces are in the chicken products they purchase," said Dr. Neal D. Barnard, president of the group. "Food labels discuss contamination as if it is simply the presence of bacteria, but people need to know that it means much more than that."

- Sheena Moore

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