magical poui, resplendent in yellow, lit up the morning sky like
my private burst of sunlight, as I pondered the price of my tea.
evening, the blooms would have been blown away, much like the stacks
of rice and flour on the neighbourhood grocery shelves.
International Monetary Fund says there is a 25 per cent chance of
global recession, and the US itself is tipping into
a mild recession, with some recovery expected in 2009.
say although growth in the emerging and developing economies has
accounted for two-thirds of all global growth in the past five years,
it will slow there as well.
warn that sustained inflation pressures, in countries like ours,
are likely to trigger tight fiscal and monetary controls.
may be pressured further when the advanced economies invoke protectionist
policies, in light of a deteriorating labour market.
Nations Secretary General Ban Ki Moon has equated the current food
price escalation as a seven-year setback to the Millennium Goals
for poverty eradication.
food producers have, in fact, banned export of their food produce,
rice and wheat in particular, and this will exacerbate shortages.
World Trade Organisation Director General is saying the Doha Rounds,
geared to boost the global economy, although stalled at several
phases, can be concluded within weeks.
away from expensive stuff.
like the good, the bad and the ugly all rolled into one Mexican
burrito. How do you spend less money for the same goods without
the ugly side, cheaper food imports signal inferior quality, especially
in perishable commodities like vegetables, rice, peas and beans.
the good side, a substitute food market is poised to emerge. This
is just another group of producers who may profit from the shortages,
not by hoarding and black-marketing, but by aggressively entering
the market with substitute goods.
the bad side, well cancel our long-term savings plans to meet
short-term needs, rather than starve!
good news is that if you think crisis management, practise crisis
management, and ban yuh belly, as my father used to
say, you can keep long-term savings in place.
world, in fact, entered into a global recession in 2001-2002, and
that was not too long after it had recovered from the Asian crisis.
We survived then; we will survive now, with some simple strategies.
many times do you go to buy two items, and emerge with much more?
to show up with a shopping list in all the stores! Dont wander
around the lanes or mall, wondering what to buy.
away from expensive stuff unless youre out to impress!
browse on exotic and expensive teas, lotions or oils, for example,
unless youre paying for fun. Limit your time spent in the
fact, you can make exotic teas from scratch, with natural bay leaves,
ginger, garlic, whole spices, orange peel, directly from items you
already have in the kitchen, using brand X tea bags.
can be pedantic, but you can buy what is on sale in bulk, if you
have a big family. Buy what is in season; dont hoard and dont
buy many perishables!
I was pondering my shopping list, I was moved to sit on the ground
with the fallen poui flowers, and made a startling discovery: the
most expensive food I buy is the food that I fail to eat.