The Biden Administration is charging the meat packing industry with exploitation for elevated beef prices. Beef is certainly not the only industry with rising prices over the past year. In fact, beef inflation looks relatively modest next to the price spikes that have occurred in energy and transportation.
Moreover, the charge is that market power due to the four-firm concentration level in meat packing has been the conduit to being able to significantly raise prices. However, four-firm concentration in the sector has been high for decades. Contrasting industry concentration with annual beef inflation rates raises some questions. For example, why was beef price inflation lower in 1995 than in 1992 when concentration had increased by 1995...
The magpie goose (Anseranas semipalmata) is the sole living representative species of the family Anseranatidae. This waterbird is found in northern Australia and southern New Guinea.[2] The species is not truly migratory but it sometimes travels large distances to find food and water, especiall...
The common ostrich (Struthio camelus), or simply ostrich, is a species of flightless bird native to certain areas of Africa (and historically, Arabia) and is the largest living species of bird. The common ostrich is one of two extant species of ostriches, the only living members of the genus St...
A pika (/ˈpaɪkə, ˈpiːkə/ PY-kə, PEE-kə[3][4]) is a small, mountain-dwelling mammal native to Asia and North America. With short limbs, a very round body, an even coat of fur, and no external tail, they resemble their close relative the rabbit, but with short, rounded ears.[5] The large-eared pi...
Lobelia (/loʊˈbiːliə, lə-/[4][5][6]) is a genus of flowering plants in the family Campanulaceae comprising 415 species,[7] with a subcosmopolitan distribution primarily in tropical to warm temperate regions of the world, a few species extending into cooler temperate regions.[8] They are known g...
