On Demand
Headlines
- City Cracks Down on Unlicensed Cabbies
- Financial 411: Nets Gain
- Paterson Reprimands Lawmakers Over Budget Gap
- Gillibrand, McCarthy To Introduce Gun Control Bill
- Top Court Upholds Use of Eminent Domain on Atlantic Yards Project
- More
- 'Washington Post' To Close Remaining U.S. Bureaus
- Washington Wizards Owner Abe Pollin Dies At 85
- GM's Lost Deal Could Mean End Of Saab's Story
- More
- Obamas welcome guests with curry at state dinner
- Obama to unveil plan to add troops in Afghanistan
- SPIN METER: 'War and Peace' in 209 pages?
- More
News
Ethanol Faulted for High Milk Prices
The price of milk keeps going up, and Senator Charles Schumer says corn-based ethanol is to blame.
by Arun Venugopal
NEW YORK, NY January 14, 2008 —Senator Schumer's office surveyed 90 grocery stores across the city and in Long Island and found that milk is 35% more expensive than it was a year ago.
The biggest jump was in Brooklyn, where a gallon costs $4.34 - that's a $1.23 more than it was last January.
Schumer says the price increase is due to the higher cost of corn feed, which has been driven up the demand for corn-based ethanol.
Schumer wants to increase the supply of corn for dairy by lifting the tariff on foreign ethanol.
But Matt Hartwig, a spokesman for the Renewable Fuels Association, defended the tariff and said higher oil costs are to blame for the rising price of groceries.
Hartwig says the ethanol industry will oppose Schumer’s proposal.
For WNYC, I'm Arun Venugopal.
Vote 2009
WNYC provides analysis of the characters and debates of those running for mayor, comptroller, public advocate, district attorney and City Council. Share your election story or gripe and post your comments on the news blog.
More
Financial 411
WNYC's Amy Eddings hosts a daily overview of financial news at 4:30 weekdays which is available via podcast, with highlights from the day and a preview of what you can expect tomorrow.
More
Main Street NYC
WNYC is following five blocks over the next year to see how the economic downturn is being experienced on the street level.
More
Uncommon Economic Indicators
The Brian Lehrer Show is keeping a close eye on how the economy is affecting the little things in daily life. Share your stories and photos of the downturn.
More