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Current Event Analysis Paper

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Current Event Analysis Paper
Current Event Analysis: How Chinese babies and Mid-East pizza tip US markets.
Omar
October 10th, 2014
Introduction
In a BBC News article, writer Debbie Siegelbaum shows how international marketing of a certain product affects its prices worldwide as well as in domestic markets. In this particular case she features dairy products and the increased export of American dairy. She goes in depth about the causes and effects of the increased dairy export from USA. While the article may alarm domestic buyers of dairy it also explains how USA has become the world provider for yet another commodity they have had in surplus for years. The article also talks about the new surplus created in the European markets due to Russian ban on European and …show more content…
"Cutting Back On Milk Production Paid To Quit, Farmers Sell Their Dairy Herds." Philly.com. Philly.com, 13 Apr. 1986. Web. 14 Oct. 2014. http://articles.philly.com/1986-04-13/news/26076123_1_dairy-farmers-butter-and-powdered-milk-milk-productionErba, Eric M. and Novakovic, Andrew M., (1995), The Evolution of Milk Pricing and Government Intervention in Dairy Markets, No 186308, EB Series, Cornell University, Department of Applied Economics and Management, http://EconPapers.repec.org/RePEc:ags:cudaeb:186308James, Sallie. "Milking the Customers: The High Cost of U.S. Dairy Policies." Cato Institute. Cato Institute, 9 Nov. 2006. Web. 14 Oct. 2014. http://object.cato.org/sites/cato.org/files/pubs/pdf/tbp-024.pdfSiegelbaum, Debbie. "What Does America Have for Breakfast?" BBC News. BBC, 14 Aug. 2014. Web. 14 Oct. 2014. http://www.bbc.com/news/magazine-28761333Sudworth, John. BBC. 27 Aug. 2014. Online. Retrieved from http://www.bbc.com/news/business-28944258Schoen, John W. "New Global Middle Class Hungers for Good Ol ' US Fast Food." CNBC. CNBC LLC., 9 Aug. 2013. Web. 15 Oct. 2014. http://www.cnbc.com/id/100950287#.Gee, Kelsey. "Asian Demand for Milk Shakes Up Market." The Wall Street Journal. Dow Jones & Company, 9 Mar. 2014. Web. 15 Oct. 2014. http://online.wsj.com/news/articles/SB10001424052702304585004579417562716139506Geuss, John. "US Dairy Industry Has 'discovered the Power of Exports '"DairyReporter.com. William Reed Business Media, 8 May 2014. Web. 14 Oct. 2014. http://www.dairyreporter.com/Commodities/US-dairy-industry-has-discovered-the-power-of-exportsZacka, Michael. "As Global Demand for Dairy Products Soars, Domestic Innovation Is Key." The Huffington Post. TheHuffingtonPost.com, 4 June 2014. Web. 15 Oct. 2014.
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