Afternoon Coffee: Contraband Kinder Eggs, Soybeans Down, Wheat Up, Robotic Arms at Foxconn
Kinder Surprise: $2,500 contraband chocolate egg — Kinder eggs are back for the holidays in Chicago — and surprise, they’re still illegal this country. U.S. Customs and Border Protection agents warned that each egg carries a $2,500 fine when they seized six of the contraband confections during a two-hour detention of two Seattle men returning from Vancouver in July.
“The USDA made no changes to its supply and demand forecasts for corn, but said farm-gate prices would be weaker than expected.”
USDA Cuts Soybean, Raises Wheat Stockpile Forecasts — The U.S. Department of Agriculture lowered its forecast for soybean stocks in the U.S., because of a larger-than-expected crush in response to rising soyoil and soymeal production, but raised the prediction for wheat stocks because of lower exports, sending wheat futures lower.
“Automated production of electronics such as iPhones, televisions and game consoles could be a game changer for Foxconn…”
Foxconn Faces Challenges in Boosting Automation — Apple Inc. supplier Hon Hai Precision Co. has declared plans to install robotic arms at its factories dotted across China to boost efficiency and address labor unrest. But its bid to automate swaths of the production process in the coming decade is facing major obstacles, including high costs and rapid changes in technology.
Total cost analysis of the season.
How Much Does it Cost to Light Christmas Lights? — There seems to be a lot of concern about how much money other people are spending on electricity for their Christmas lights. I’m happy to report, it doesn’t cost much. The price of electricity varies from place to place, and from time to time, but a typical price is 12¢ per kilowatt hour. That means that if you burn 1,000 watts for the span of one hour, you’ll pay 12¢.
- No related articles found