The perfect storm of ramen price-fixing, the start of the collegiate school year, and the increase in foreclosures is now upon us. Now what will college students and people with sub-prime loans do? Stock up now I say! The end is nigh!
The government slammed Chinese instant noodle makers Friday as being partly to blame for a surge in inflation, saying they illegally colluded to boost prices by up to 40 percent in a scheme that prompted a public outcry.
The report came amid a nationwide probe into whether price-fixing or hoarding by producers is to blame for a 15.4 percent jump in food prices in July over the year-earlier period. The government accused violators of damaging social stability.