Defectors: North Korea would fall without capitalistic markets

SEOUL, South Korea — Hundreds of capitalistic markets, each with thousands of stalls, form the glue that holds North Korea’s socialist planned economy together, say defectors who sold medicinal herbs, skinny jeans, TV sets, foreign drama CDs and other goods there to make a living. “People there say North Korean markets have everything except for [...]

By |2017-04-24T10:00:57-04:00Friday, November 25, 2016|

Our freezers runneth over: Explaining the food surplus

DES MOINES, Iowa (AP) — Warehouses, distribution centers and grocery stores are overflowing with some food staples, such as milk, eggs and frozen fruits and vegetables, the result of increased production and decreased exports. Take dairy, for example: With the most milk ever produced in the U.S. — about 24 billion gallons — that means [...]

By |2017-04-24T10:04:46-04:00Friday, October 7, 2016|
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