Mexico produced a record 25 million tons of tortillas last year. But given that tortillas are a staple of Mexican diet the country is still reliant on imports. Spikes in global corn and fuel prices, not to mention rising electricity prices in Mexico, have many worried about pass-on price hikes. So far, the increases have been relatively modest, but that’s little consolation to millions on a fixed budget.
The stakes are high, and based on an article in this week’s Economist, the government has pitted off against the National Union of Millers and Tortilla Makers. Four years ago the powerful union helped incite street protests against high tortilla prices. This time the government has been more proactive, buying corn futures out to Q3 2011, and slightly increased a subsidy for millers.
A few months ago, I wrote about the early stages of the conflict in Ukraine through the lens of Sun Tzu’s The Art of War. While it appears likely that the war will carry on into the foreseeable future, enough time has passed for us to make an honest assessment of each side’s relative […]
The Ukrainian Army has made dramatic strides in the last few weeks. Ukraine’s tactical commanders have outfoxed their Russian counterparts, and by issuing a feint towards the south the UA has been able to earn substantial gains in the north of their country. The impact of these efforts have been compounded by the steady stream […]
In mid-May the Irish political party, Sinn Féin, won the plurality of seats in the Northern Ireland Assembly. Many American readers might not fully understand the significance of Sinn Féin’s political victory- but rest assured that subjects of the United Kingdom and a wide range of political movements the world over have heard the message […]
The first wave of the Russian offensive in Ukraine has fallen short of Russian autocrat Vladmir Putin’s ambitions. Most analysts deduced that Putin had hoped to achieve a decapitation strike of the Ukrainian government- taking Kiev and replacing Ukrainian President Vladimir Zolinski with a pro-Kremlin voice. Kiev has been threatened repeatedly through the course of […]
On the weekend of March 26th, the notorious MS-13 gang went on a massive killing spree in El Salvador which left more than 70 people dead by Sunday. Even for a country where powerful gangs hold massive sway, this recent tragedy stands out considering that it was the bloodiest day on record since the civil […]
