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getting your caffeine fix might start costing you more money starbucks announcing today it is going to raise the price of packaged coffee sold in stores by 17%. the seattle based coffee giant says don t blame the company for the higher cost. blame wall street. starbucks ceo howard schultz claims speculators are driving up that price on the day of starbucks 40th anniversary in march. schultz said coffee costs were at a 34-year high despite plentiful supply. i do not see any supply or demand issue with regard to coffee. speculators? there is no doubt in my mind financial speculation, hedge funds, index funds have driven coffee prices and other commodities to record highs. i don t think it s sus tainl but i do think it s tragic because the coffee farmer and the consumer at the end of the day are suffering. people making money are those on the sidelines who have nothing to do with coffee. if that sounds familiar to you it should. oil industry experts say the exact same people are
the last couple days partly because we, we the broad media, haven t paid a lot of attention to her. and so she is looking for a little more attention. but i think, and of course these kind of predictions are wrong all the time but i think bachmann is more likely to run than palin is this time. we got you on the record though right here. e.j. dionne of the brookings institution. i m stuck with the videotape. you are. we ll have it up on the msnbc.com website for everyone to watch forever. thanks for your time. appreciate it. gas prices, food prices, coffee prices, commodities are at record high costs and everyone from the ceo of starbucks to top oil industry analysts say there needs to be more regulation of wall street speculators and newt gingrich spent the first week of his campaign getting hammered for calling the ryan plan right wing social engineering. this week the former speaker s appetite for expensive jewelry has his poll numbers taking a nosedive. you gotta come see wh
might start costing you more money starbucks announcing today it is going to raise the price of packaged coffee sold in stores by 17%. the seattle based coffee giant says don t blame the company for the higher cost. blame wall street. starbucks ceo howard schultz claims speculators are driving up that price on the day of starbucks 40th anniversary in march. schultz said coffee costs were at a 34-year high despite plentiful supply. i do not see any supply or demand issue with regard to coffee. speculators? there is no doubt in my mind financial speculation, hedge funds, index funds have driven coffee prices and other commodities to record highs. i don t think it s sus tainl but i do think it s tragic because the coffee farmer and the consumer at the end of the day are suffering. people making money are those on the sidelines who have nothing to do with coffee. if that sounds familiar to you it should. oil industry experts say the exact same people are responsible for the higher
competition. i still don t think sarah palin is going to run. she has revved up interest in the last couple days partly because we, we the broad media, haven t paid a lot of attention to her. and so she is looking for a little more attention. but i think, and of course these kind of predictions are wrong all the time but i think bachmann is more likely to run than palin is this time. we got you on the record though right here. e.j. dionne of the brookings institution. i m stuck with the videotape. you are. we ll have it up on the msnbc.com website for everyone to watch forever. thanks for your time. appreciate it. gas prices, food prices, coffee prices, commodities are at record high costs and everyone from the ceo of starbucks to top oil industry analysts say there needs to be more regulation of wall street speculators and newt gingrich spent the first week of his campaign getting hammered for calling the ryan plan right wing social engineering. this week the former speaker s