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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (11289)	4/4/2004 12:00:38 PM
From: russwinter	Respond to of 110194

April 2 – Bloomberg (Amy Hellickson): “Georgia-Pacific Corp., which makes Brawny paper towels and Dixie cups, will raise prices on several products on July 1 because of higher costs for materials. Prices for paper towels, tissues and napkins will go up 6 percent to 9 percent, and Dixie cup, plate and cutlery products will go up 4 percent to 6 percent, Atlanta-based Georgia-Pacific said… Georgia-Pacific follows Procter & Gamble Co. and Kimberly-Clark Corp., which said they will charge more for paper products because of rising pulp costs. U.S. benchmark pulp prices have risen about 13 percent in the past year…” April 2 – Atlantic Journal Constitution (Renee DeGross): “First it was gasoline. Now it’s milk and dairy prices that are on the rise. The cost of ice cream might even be going up, just in time for summer. With milk production down but the economy slowly gaining strength, demand for milk and dairy products has begun to outrun supply, said Chris Galen, spokesman for the National Milk Producers Federation. ’Production is declining, and you can’t turn cows on and off like a switch,’ Galen said. ‘Heading into 2004, the nation has the lowest number of dairy cows since any time in the last five years.’ Representatives for Kroger, Publix and Wal-Mart, metro Atlanta’s top three grocers, say all three have increased prices on dairy products, from butter to ice cream… The price of a pound of cheese has hit $2.02 on the Chicago Mercantile Exchange, compared with $1.08 at this time last year, the Chicago Tribune reported this week.” March 31 – New York Times (Michael Luo): “Saying that New York City taxi drivers are underpaid, the Taxi and Limousine Commission approved a fare increase yesterday of more than 26 percent, the first in eight years. But to soften the blow, the commission also adopted improvements for passengers, including one that could make New York one of the first major cities where all cabs accept credit and debit cards… Starting in the first week of May, a typical cab ride of 2.6 miles in the city, from SoHo to Midtown for example, with five minutes of waiting time in traffic, will increase to $8.30 from $6.60. More specifically, the base fare will rise to $2.50 from $2, and the rate for every one-fifth of a mile, about four city blocks, will go to 40 cents from 30 cents. The flat fare from Kennedy Airport to Manhattan will increase to $45 from $35.”