Last Updated on Saturday, 09 February 2013 13:20
Supermarket says it is angry with supplier Comigel after tests reveal 30% and 100% horsemeat in withdrawn ready meals• Why you really should (but really can't) eat horsemeatThe environment secretary is due to meet the Food Standards Agency, food suppliers and retailers on Saturday to discuss the horsemeat scandal after Aldi became the latest supermarket to confirm its withdrawn beef products contained up to 100% horsemeat. Continue reading...
Last Updated on Tuesday, 19 July 2016 16:54
Consumer appetite for organic foods reached $13.4bn in the US last year – so why is only 1% of the country’s cropland dedicated to organic farming?Marc Garibaldi, a farmer in California’s Central Valley, no longer uses conventional pesticides and fertilizers because he doesn’t want to work with toxic chemicals at his 40-acre cherry orchard. His farm was officially certified as organic a few weeks ago, but the path to securing that designation was long and costly: he spent three years working to demonstrate the use of eco-friendly pest and soil management practices and paid between 10%-20% in higher labor cost.Yet he was unable to convince processors that pack and ship his harvest to pay more for his fruit – which he was already cultivating by using the organic standards set by the federal government – during that period. Continue reading...
Last Updated on Monday, 08 August 2016 10:55
Here is what you need to know.
US stocks are at record highs. Friday's dynamite jobs reported propelled both the S&P 500 and the Nasdaq to record-high closes. The 0.8% gain in the S&P 500, however, extended the average's streak without a move of 1.0% to a 17th straight session.
Walmart is buying Jet.com. The deal will be worth about $3 billion, according to Recode's Jason Del Rey, citing anonymous sources. Walmart hopes the acquisition will help jump-start its struggling online business, which is just a fraction of the size of Amazon's. Walmart generates about $14 billion in annual e-commerce sales, compared with about $99 billion from Amazon.
Berkshire Hathaway earnings miss. The Warren Buffett-led conglomerate reported operating earnings per share of $2,803 ($2,911 expected, according to Bloomberg) and a 25% year-over-year jump in net income to $5 billion.
Delta Air Lines flights are grounded nationwide. A nationwide system failure has caused grounded Delta Airlines
Last Updated on Wednesday, 12 November 2014 09:26
Warren Buffett — now worth more than $71 billion — has had a hunger for wealth since he was a tube-socked teenager.
Through numerous schemes, the would-be Oracle of Omaha amassed the equivalent of $53,000 by the time he was 16, enough money that he nearly refused his father's request to go to college, because he didn't see the point.
By looking through Alice Schroeder's biography, "The Snowball: Warren Buffett and the Business of Life," we can see that Buffett has always had a gift for manipulating money — and people.
Here are a half-dozen of his early hustles.
He delivered The Washington Post.
Buffett's father, Howard, was elected to the US House of Representatives when Buffett was a teen, and the family had to move from Omaha to the nation's capital.
As Schroeder notes, the young Buffett immediately set to work making money with the most traditional of hustles — dutifully delivering newspapers. But by handing out The Post, Buffett was
Last Updated on Wednesday, 12 November 2014 09:31
Sure, you love steak and know all the best steakhouses, but are you a true connoisseur?
We spoke with New York City's Old Homestead Steakhouse team (including owners Greg and Marc Sherry, and executive chef Oscar Martinez and his culinary team), as well as executive chef David Nichols at the Gerber Group and executive chef Paul Niedermann at BLT Prime Doral in Miami on the steak knowledge that separates the men from the boys.
Keep reading to see their answers.
A porterhouse steak and a T-bone steak are not the same. Though they look almost identical, both are part sirloin and filet mignon, and both are double-cut, you get more bone and less meat with a T-bone.
Filet mignon doesn’t have to be aged. Because it’s so lean, there’s no fat to break down, making the process unnecessary.
The rump is underrated and supremely flavorful. Just because the rump is a tougher kind of meat doesn’t mean you shouldn’t order it. It’s more flavorful than filet mignon and
Last Updated on Tuesday, 27 May 2014 09:52
A replica of the Statue of Liberty in Shenyang, Northeast China, has been making the rounds on Twitter this morning.
But this isn't the first time we've seen large-scale replicas of global tourist destinations in China.
The Asian giant with a rich cultural heritage of its own, has also incorporated architectural styles from around the world and in some instances tried to replicate Paris and towns in England.
Shanghai rolled out a "One city, Nine Towns" scheme with small towns built in a different international style.
We compiled 16 spots that China ripped off — admittedly, some of these are part of larger theme parks.EGYPT: A full-scale replica of the Sphinx sits in what will be a theme park on the outskirts of Shijiazhuang, Hebei province.
BUDDHAS: China has a replica of the 'Buddhas of Bamiyan' that were destroyed by the Taliban.
POLYNESIA: Replicas of the Moai statues carved by the Rapa Nui people in Easter Island can be seen in Beijing.
See the rest of the story at
Last Updated on Wednesday, 09 April 2014 10:39
Recently, investing gadfly James Altucher posted a "cheat sheet" for what you should be doing with your money that spotlighted a handful of "demographic trends" that investors could get behind.
We wanted to expand on that handful to a full-blown list of all the technologies out there that are poised to make people billions.
This may not make you a billion dollars. But it shows where things are going.
1) Mobile payments
WHY: Reuters' Emma Thomasson says the mobile payment market is now "fiercely competitive and growing," citing moves by Google, Apple, and PayPal to launch products. Big box retailers also recently announced a joint digital wallet service called the Merchant Customer Exchange, or MCX. And it's not just dollars: Crypto-payment group Circle said it would soon launch its first consumer product that it's calling the Skype of payments. Also for what it's worth, we also recently explained why you shouldn't be using cash.
WHY: Many Americans are getting older and/or