DINNER PARTY INTEL: Plain but pricey vanilla
Uncertainty over the security of supply of vanilla is hitting ice-cream makers the world over
1. Baby-boomer guilt Every Briton should receive £10,000 when they turn 25 to help fix the "broken" contract between millennials and baby boomers, a think-tank proposes. The Resolution Foundation says the payment would be a kind of "citizen’s inheritance" intended to redistribute wealth at a time when young people are struggling to find housing, educate themselves or start businesses. The foundation claims the money will reduce resentment towards people born between 1946 and 1965 who have done better out of the housing market and pensions than later generations. 2. Plain but pricey Uncertainty over the security of supply of vanilla is hitting ice-cream makers the world over. Vanilla prices have soared to a record of US$600/kg, about 10 times the price of a few years ago. A cyclone hit Madagascar — the world’s top grower — last year, damaging crops and sending prices higher. The world’s other large producers are Papua New Guinea, India and Uganda. Vanilla is also used in chocolate, a...
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