New York's Looming Food Disaster

In New York City, locating a bite to eat is rarely a difficult task. The city is a food paradise or, depending on your mood, a place of overwhelming glut. But when Superstorm Sandy pummeled New York last fall, it revealed the terrifying potential for sudden food shortages.Disturbingly, city officials have little concrete data on how reliant their food system is on the private food distribution industry, and whether society is teetering a mere "nine meals away from revolution" (an ominous old expression that appeared in The Atlantic all the way back in 1945). Worse yet, they have little understanding of the logistical changes that have revolutionized how companies warehouse and distribute the food on which New Yorkers depend.

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The Folks Who Sell Your Corn Flakes are Acting Like Goldman Sachs—and That Should Worry You

In July, the public learned that Goldman Sachs and several other large banks have morphed into giant merchants of physical goods, routinely shipping oil, running power plants, and amassing stocks of metals so large that Coca Cola accused them of hoarding. It was a disconcerting moment, as regulators realized that firms so recently known for their explosive mortgage-backed securities also deal in goods that can literally explode.But that was only half the story.

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