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Keyword: shortages

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  • Production of Coke halted in Venezuela for lack of sugar

    05/23/2016 3:32:18 PM PDT · by Red in Blue PA · 41 replies
    May 23 (Reuters) - The Venezuelan bottler of Coca-Cola has halted production of sugar-sweetened beverage due to a lack of sugar, a Coca-Cola Co spokeswoman said on Monday. Venezuela is in the midst of a deep recession, and spontaneous demonstrations and looting have become more common amid worsening food shortages, frequent power cuts and the world's highest inflation.
  • Toxic oil loans create trouble for big banks

    04/14/2016 9:45:02 AM PDT · by PAR35 · 7 replies
    CNN ^ | April 14, 2016: 11:55 AM ET | Matt Egan
    ... Bank of America (BAC) on Thursday announced it set aside $997 million to protect from loan losses, mainly in the bank's $22 billion energy portfolio. Wells Fargo (WFC) warned of "significant stress" and "deterioration" in the oil and gas space. The problems there forced Wells Fargo to add $200 million in loan-loss reserves, its first increase to this rainy-day fund since 2009. And JPMorgan Chase increased its provisions for credit losses by 88%, mostly due to the oil, natural gas and pipeline business. It was enough to cause JPMorgan's (JPM) first drop in profits since late 2014. ...
  • Graying of America could hit Sarasota hard

    03/14/2016 7:14:30 PM PDT · by Tolerance Sucks Rocks · 23 replies
    Tampa Bay Business Journal ^ | March 14, 2016 | Margie Manning
    The economic boom that Florida is experiencing now from population gains could lead to labor shortages and a drain on state resources in the future, according to a new report from the Federal Reserve Bank of Atlanta. Sarasota could be among the communities hardest hit by the graying of America, the report said. Thats because the city is an affluent community, and it may be hard for the caregivers who serve the elderly and tend to be lower paid to afford to live there, the report said.
  • Drug Shortages Forcing Hard Decisions on Rationing Treatments

    01/29/2016 12:23:32 PM PST · by Nachum · 31 replies
    New York Times ^ | 1/29/16 | Sheri Fink
    CLEVELAND — In the operating room at the Cleveland Clinic, Dr. Brian Fitzsimons has long relied on a decades-old drug to prevent hemorrhages in patients undergoing open-heart surgery. The drug, aminocaproic acid, is widely used, cheap and safe. “It never hurt,” he said. “It only helps.” Then manufacturing issues caused a national shortage. “We essentially did military-style triage,” said Dr. Fitzsimons, an anesthesiologist, restricting the limited supply to patients at the highest risk of bleeding complications. Those who do not get the once-standard treatment at the clinic, the nation’s largest cardiac center, are not told. “The patient is asleep,” he...
  • OPEC Economies On Their Last Legs

    01/28/2016 1:08:17 PM PST · by Citizen Zed · 15 replies
    oilprice.com ^ | 1-27-2016 | Euan Mearns
    In November 2014 the OPEC countries met in Vienna and agreed to keep pumping oil to maintain their market share rather than cut production to support the oil price. In a post written a month later I addressed the question of how these countries were positioned to withstand an extended period of low oil prices and high budget deficits. More than a year has now passed, so it's time to take a look at how they have done so far and to see what their actions presage for the future. Results to date: OPEC is known to have suffered economic...
  • 'Medical Meltdown:' Obamacare Ushers in Doctor Shortages "[T]he medical care youve enjoyed in

    08/03/2015 2:19:00 PM PDT · by Nachum · 30 replies
    Truth Revolt ^ | 8/3/15 | Trey Sanchez
    This past weekend, one hundred medical professionals met in California for the 33rd Doctors for Disaster Preparedness meeting and they all warned that healthcare as we have known it is over, thanks to increasing federal regulations and taxes. And as Obamacare rolls across the land, it is leaving in its wake a shortage of doctors and surgeons. According to a Breitbart report, orthopedic surgeon Dr. Lee Hieb told the conference, "What do I mean by medical meltdown? Well, sadly, Im here to tell you that the medical care youve enjoyed in the past in your life is simply not going...
  • Socialism Works: Venezuela Out of Food, Doctors Make $15 a Month and There's No Beer

    07/30/2015 8:54:47 AM PDT · by SeekAndFind · 90 replies
    Frontpage Mag ^ | 07/30/2015 | Daniel Greenfield
    Venezuela used to have oil literally coming out of the ground. Then the Socialists took over and under Hugo Chavez made it a model for the world... to run away from. Here's what's going on in Venezuela now. Universal Health Care - Venezuela's widely praised government health care system is doing great. Doctors are being paid $15 a month In some hospitals, they had less than a third of the medical supplies they require. Almost every patient told me they had to buy at least some of their drugs on the street. Oncologists said that people who were diagnosed...
  • Meat of the Matter: Long-predicted water crisis is here

    07/26/2015 8:30:49 PM PDT · by Tolerance Sucks Rocks · 23 replies
    Drovers Cattle Network ^ | July 22, 2015 | Dan Murphy
    Its not just producers and farmers who are getting hit with rising costs and growing shortages of water. When it comes to H2O, everyone better get prepared to pay more and get less. In its long history, water has never been more precious, more controversial, more expensive or more essential to agriculture and commerce than it is right now. A symbol of purity in cosmetic ads, a stand-in for quality in beer ads, the poster boy for violence and destruction during floods, hurricanes and tsunamis, water is currently so scarce out West that it threatens to decimate the nations most...
  • Massive Strawberry Heist Ahead of Midsummer

    06/18/2015 7:13:44 PM PDT · by nickcarraway · 32 replies
    The Local ^ | 18 Jun 2015
    Thousands of boxes of strawberries have been stolen from a farm in Vinslv, in Skne, southern Sweden, with the search for the thieves gripping Swedes planning to feast on the fruits over Midsummer. The berries were taken from Vinslv in the early hours of the morning, just a day before Swedes celebrate Midsummer, when the sweet fruits typically take centre stage. News of the heist quickly went viral, with reports of the theft among the most read in Sweden by Thursday afternoon. Swedes measure their strawberries in litres, and it is understood that 3,420 litres of the fruits were taken,...
  • Venezuela reaches the final stage of socialism: no toilet paper

    04/05/2015 7:40:29 PM PDT · by Kartographer · 112 replies
    Business Insider ^ | 4/5/15 | DAVID BOAZ,
    Venezuela's product shortages have become so severe that some hotels in that country are asking guests to bring their own toilet paper and soap, a local tourism industry spokesman said on Wednesday. "It's an extreme situation," says Xinia Camacho, owner of a 20-room boutique hotel in the foothills of the Sierra Nevada national park. "For over a year we haven't had toilet paper, soap, any kind of milk, coffee or sugar. So we have to tell our guests to come prepared." Montilla says bigger hotels can circumvent product shortages by buying toilet paper and other basic supplies from black market...
  • Saline shortages create troubles for U.S. hospitals

    06/27/2014 4:27:49 AM PDT · by SoFloFreeper · 37 replies
    PBS.org ^ | 6/25/14 | APRIL DEMBOSKY
    Hospitals across the country are struggling to deal with a shortage of one of their essential medical supplies. Manufacturers are rationing saline a product used all over the hospital to clean wounds, mix medications and treat dehydration. Now drug companies say they wont be able to catch up with demand until next year. ...The Most Expensive Drug Shortage in History The burden ultimately falls on hospitals, clinics, and dialysis centers to come up with their own workarounds. And all that staff time adds up. Hospitals spend $216 million a year on the labor costs of managing drug shortages, according...
  • U.S. hospitals hit with shortage of intravenous saline

    01/29/2014 2:38:39 AM PST · by Innovative · 26 replies
    Yahoo news/Reuters ^ | Jan 28, 2014 | Susan Kelly
    The U.S. Food and Drug Administration said on Tuesday it is working with the three manufacturers of intravenous saline solutions commonly used to hydrate hospital patients to address a shortage caused by a spike in demand. To cope with the shortage, healthcare providers are using substitute products such as oral hydration fluids or smaller IV saline bags with slower drip rates when appropriate, said Bona Benjamin, director of medication use quality improvement for the American Society of Health System Pharmacists. "We have heard from our members all over the country that the shortage is serious," Benjamin said. "People are able...
  • Cargill to close beef plant, cites cattle shortage

    07/30/2014 1:43:43 PM PDT · by Olog-hai · 19 replies
    Associated Press ^ | Jul 30, 2014 4:14 PM EDT
    Cargill plans to close a Milwaukee beef-processing plant which employs about 600 people on Friday due to a shortage of cattle. A Midwest drought in 2011 and 2012 hurt cattle levels, said Cargill spokesman Mike Martin. Now, many herders are breeding the cattle they have and not selling them. U.S. beef cattle herd is at its lowest level since 1951, Cargill said.
  • Shortages Undermine Venezuela's Teetering Socialism

    01/17/2015 8:30:00 AM PST · by Oldeconomybuyer · 27 replies
    Investors Business Daily ^ | January 16, 2015
    Socialism: Venezuelans are being arrested for posting Internet photos of shortages in stores. So let's get this straight: Murder and mayhem are de facto legal in that crime pit, but posting evidence of socialism's failure merits jailing. As socialism plays out to its logical conclusion in Venezuela, the specters of long lines, rationing, troop enforcers, bizarre edicts and desperate statements are now the order of the day. Not only have more than a dozen Venezuelans been arrested for posting photographs of empty store shelves on social media, three governors have responded to long lines by prohibiting them; ordering the...
  • This Chart Makes It Look Like It's All Over In Venezuela

    01/15/2015 9:50:14 PM PST · by blam · 37 replies
    BI ^ | 1-15-2014 | Linette Lopez
    <p>Collapsing oil prices have a turned a difficult economic situation into a dire one. Oil exports brought in 60% of the country's revenue.</p> <p>Wall Street is watching and waiting, which is why the spread on Venezuela's 5 year credit default swap basically debt insurance has spiked. You just don't see charts like this everyday people.</p>
  • Venezuela supermarket lines swell as shoppers scramble to buy basics

    01/09/2015 11:44:32 AM PST · by Kartographer · 83 replies
    Reuters ^ | 1/9/14 | Alexandra Ulmer
    Lines are swelling at Venezuelan supermarkets, with some shoppers showing up before dawn in search of products ranging from chicken to laundry detergent, as a holiday slowdown in deliveries sharpened the nation's nagging product shortages. Queues snaked around the block at grocery stores and pharmacies around the country on Friday, with consumers in some cases gathering before dawn under the gaze of National Guard troops posted to maintain order. Business leaders have assured Venezuelans the situation will improve in the coming days as distributors return from the often extended Christmas holidays, though many consumers blamed the socialist economic policies of...
  • Venezuela's Newest Shortage: Breast Implants

    09/15/2014 3:49:15 PM PDT · by dynachrome · 34 replies
    ABC ^ | 9-15-14 | HANNAH DREIER
    Venezuela's chronic shortages have begun to encroach on a cultural cornerstone: the boob job. Beauty-obsessed Venezuelans face a scarcity of brand-name breast implants, and women are so desperate that they and their doctors are turning to devices that are the wrong size or made in China, with less rigorous quality standards. Venezuelans once had easy access to implants approved by the U.S. Food and Drug Administration. But doctors say they are now all-but impossible to find because restrictive currency controls have deprived local businesses of the cash to import foreign goods. It may not be the gravest shortfall facing the...
  • Venezuelans Don't Like The Idea Of Being Fingerprinted Just To Buy Groceries

    08/30/2014 10:20:43 AM PDT · by blam · 28 replies
    BI - Reuters ^ | 8-30-2014 | Alexandra Ulmer
    Alexandra Ulmer, Reuters August 29, 2014 CARACAS (Reuters) - A government plan to combat Venezuela's food shortages by fingerprinting shoppers in grocery stores has sparked a backlash ranging from violent street protests to social media campaigns ridiculing the idea. Shoppers have for more than a year struggled to find basic goods including cooking oil, powdered milk and corn flour as well as detergent, shampoo and diapers. Apart from a short supply of dollars for imports, the shortages have been blamed on heavy subsidies that allow shoppers to stock up on staples and resell them in neighboring Colombia or on the...
  • Lime Prices Are Surging (Citrus)

    03/27/2014 10:45:08 AM PDT · by blam · 34 replies
    BI/Reuters ^ | Jim Forsyth, Reuters
    Lime Prices Are Surging Jim Forsyth, Reuters Mar. 27, 2014, 1:16 PM SAN ANTONIO (Reuters) - Mexican restaurants in the United States are being squeezed by a sudden jump in the price of limes, an essential ingredient, which has led managers in places like San Antonio that are a hotbed for the cuisine to alter recipes. "Mexico received some heavy rains that destroyed a large amount of the lime crop, so with limited supplies we are seeing lime prices skyrocket," Bryan Black, director of communications for the Texas Department of Agriculture, said on Thursday. Texas like most U.S. states receives...
  • California: Before And After The Drought, And Why It's Only Going To Get Worse

    02/04/2014 6:01:28 AM PST · by blam · 21 replies
    Zero Hedge ^ | 2-4-2014 | Tyler Durden
    California: Before And After The Drought, And Why It's Only Going To Get WorseZero Hedge Tyler Durden on 02/03/2014While the Northeast is blanketed by another winter storm, California has its own, quite inverse, climatic problems in the form of a historic drought which as Bloomberg reports, is forcing farmers in the fertile central valley region to fallow thousands of acres of fields and has left 17 rural towns so low on drinking water that the state may need to start trucking in supplies. It is so bad that water reservoirs are at about 60 percent of average, according to state...