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Millennials are killing ethnicity – that’s a good thing

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Millennials are killing ethnicity - that's a good thing
  • Ethnic is a word and product category that has become increasingly obsolete as American tastes change.
  • Krishnendu Rae, associate professor and head of Nutrition and Food Research at New York University, told Business Insider that “ethnic” is a residual category that encompasses anything that is not perceived as black or white.
  • Mainstream tastes have become more varied and pervasive as millennial immigrants, who are almost twice as likely to pursue higher education as previous generations, acquire purchasing power.
  • But even as America’s taste for food is becoming more culturally diverse, it does not always translate into financial gain for people from cultures who are creating new staple foods.
  • Visit the Business Insider homepage to learn more

Salsa, soy sauce and masala have nothing in common. So why are these seemingly random ingredients often lumped together in one part of the grocery store: the ethnic aisle?

“In 2020, it’s not like how people interact with these kitchens,” Vanessa Pham, co-founder of Omsom, a startup that makes starter kits for Asian dinners, told Business Insider.

“The layout of the grocery store needs to match what the rest of the country looks like. The noodles should be next to the pasta. Asian spices should be next to western spices, ”Pham added.

According to Krishnendu Ray, associate professor and head of Nutrition and Nutrition Research at New York University, the definition of “mainstream” in American cuisine is in flux, as is the definition of what is beyond it.

The word “ethnic” has always existed in American culture as a way of categorizing things that were not considered black or white, Ray said. Once upon a time, Italian cuisine was considered “ethnic”. This changed when people began to think of Italian Americans as whites.

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“People are beginning to understand that ethnicity is a residual category that seems outdated, and some resent it. For some people, classifying things as “ethnic” sounds a bit like using “blacks” or “oriental” today, ”Ray said.

Kim Pham, Vanessa’s sister and another co-founder of Omsom, told Business Insider that the ethnic passage actually exacerbates the “divide.”

“Having them in a single pass indicates the regularity with which you expect these products to be used,” Kim said.

“We were kind of thrown into this business,” Sana Haveri Qadri, founder of spice company Diaspora, Co., told Business Insider. “For me, this is the place where everything tasty lives. Everything tasty is in this passage. “

According to Ray, the civil rights movement has been instrumental in changing the way Americans consume food. In the past, the products and goods consumed by the upper class were “largely homogeneous.” But after the civil rights movement, higher levels of income and education became increasingly associated with cultural “omnivorous existence,” or the consumption of things from a wide variety of cultures.

American palettes are more diverse today than ever, due to both the increased interest of white millennials in world-class foods and the increased purchasing power of immigrants and ethnic minorities in the United States. Millennial immigrants almost twice as likely to be highly paid people with higher education than the previous generation.

Turmeric is one of the “ethnic” spices that has gained widespread popularity in recent years, especially in the wellness circles and high-end coffee shops, according to Kadri. She is not worried about who uses the “ethnic” ingredients or how, as long as the people who invented them gain recognition and financial gain. But according to Kadri, this is usually not the case.

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“Traders and translators are usually white people with beards,” she said.

And while the “ethnic” passage provides founders with the opportunity to “faithfully express their culture,” it also means that “ethnic” food companies end up competing for very little shelf space, Miguel Garza, CEO of Siete Family Foods, told Business Insider.

“I do not understand this. If something like salsa is the number one condiment in the US right now, why should it be attributed to one pass? ” Garza said.

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Economy

Europe ends the session in green. Oil is on the rise. Interest Weakens – Minute Markets

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Europe ends the session in green.  Oil is on the rise.  Interest Weakens - Minute Markets

Europe recovers from worst day in three weeks and accelerates growth

The main markets of Western Europe opened weekly trading in positive territory, investors are closely watching the companies’ quarterly earnings and losses. It comes after the underlying Stoxx 600 recorded its worst day in three weeks on Friday under pressure from the tech sector, which fell more than 2%.

The core index of the Old Continent added 0.76% to 439.04 points, with all sectors trading in positive territory. The oil and gas sector recorded the largest growth, followed by the mining sector and utilities (water, electricity, gas). On the other hand, food, media and telecommunications traded with gains below 0.5%.

“Markets have proven resilient in recent weeks,” Esty Dweck, an analyst with Flowbank, explains to Bloomberg. “Europe continues to surprise with growth, but growth prospects remain negative, suggesting that recent good performance is unlikely to last until the end of the year.”

Among the main indexes in Western Europe, the German Dax rose 0.98%, the Spanish IBEX 35 added 0.91%, the French CAC-40 and the Dutch AEX added 0.71%. Britain’s FTSE 100 added 0.61%, while the Portuguese PSI jumped 0.74%.

Italy’s FTSEMIB added 0.81% even after rating agency Moody’s downgraded the “forecast” of the country’s economic growth.

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Economy

Russian weapons depend on hundreds of Western components, report condemned

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Russian weapons depend on hundreds of Western components, report condemned

More than 450 foreign-made components were found in Russian weapons found in Ukraine, providing strong evidence that Russia acquired important technology from companies in the US, Europe and Asia years before the invasion, Royal United said in a report on Monday. RUSI), a defense-related think tank.

Since the start of the war five months ago, the Ukrainian military has been seizing or returning undamaged or partially damaged Russian weapons from the battlefield. After dismantling, 27 of these weapons and military systems, from cruise missiles to air defense systems, turned out to be predominantly Western components, the most detailed assessment published to date of the role of Western components in Russia’s war against Ukraine. .

According to RUSI, about two-thirds of the components were manufactured by US companies based on weapons seized from Ukraine. The products of Analog Devices and American Texas Instruments account for almost a quarter of all Western weapons components. Other components were supplied by companies from countries such as Japan, South Korea, the UK, Germany, Switzerland and the Netherlands.

“Russian weapons, which are critically dependent on Western electronics, have resulted in the deaths of thousands of Ukrainians,” Jack Watling, RUSI’s ground warfare expert, told Reuters.

While many foreign components are found in everyday items such as microwave ovens that are not subject to export controls, RUSI assured that tightening export restrictions and enforcement could make it difficult for Russia to replenish your arsenal of weapons such as cruise missiles.

In one case, the Russian 9M727 cruise missile, one of the country’s most advanced weapons capable of maneuvering at low altitude, evading radar and hitting targets hundreds of kilometers away, contained 31 foreign components. The parts were made by companies including US-based Texas Instruments and Advanced Micro Devices (AMD), as well as Cypress Semiconductor, now owned by Germany’s Infineon AG.

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In another case, the Russian Kh-101 cruise missile that was used to attack Ukrainian cities, including the capital Kyiv, also had 31 foreign components, with parts made by companies such as US-based Intel Corporation and AMD Xilinx.

When asked how their chips ended up in Russian weapons, the companies assured that they were complying with trade sanctions and stopped selling components to Russia. Analog Devices noted that the company closed its business in Russia and instructed distributors to stop deliveries to the country. Texas Instruments said it complies with all laws of the countries in which it operates and that parts found in Russian weapons are for commercial products. Intel stated that it “does not support or condone our products being used to violate human rights.” Infineon has expressed “deep concern” if its products are used for purposes for which they were not intended. AMD has stated that it strictly follows all worldwide export control laws.

Many foreign components cost only a few euros, and Russian companies could have purchased them online through national or international distributors before the invasion of Ukraine because they could be used for non-military purposes.

However, more than 80 Western-made microchips have been subject to U.S. export controls since at least 2014, meaning they would need a license to ship to Russia, RUSI reported. for the Russian military or for military use, according to RUSI.

The investigation revealed that the Russian military remains dependent on foreign microchips for everything from tactical radios to drones and long-range precision-guided munitions, and that Western governments have been slow to restrict Russia’s access to these technologies, especially after the invasion of Russia. President Vladimir Putin in 2014.

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According to the National Security and Defense Council, in the first five months of the war, Russian troops fired more than 3,650 missiles. These include 9M727 and Kh-101 missiles. Currently, Russia is looking for new ways to provide access to Western chips, condemned RUSI. Many components are sold through distributors operating in Asia, such as Hong Kong, which acts as a gateway for electronic components entering the Russian military or companies acting on its behalf, RUSI has found, ensuring that the Russian military is constantly undermined. if Western governments tighten export controls, succeed in shutting down clandestine procurement networks in the country, and prevent the production of sensitive components in states that support Russia.

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Economy

Gasoline today falls to pre-war prices: a liter has fallen in price by almost 40 cents in less than 2 months

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Gasoline today falls to pre-war prices: a liter has fallen in price by almost 40 cents in less than 2 months

The sharp drop in oil prices has sent fuel prices down nearly 40 cents a liter in less than two months, about ten of which are today. But it is the tax cut that allows prices to be lower than they were before the war.

Monday, August 8, half the country on vacation, a little heat is predicted on the beaches … and at gas stations. Fuel prices are currently benefiting from a sharp drop, estimated at about a dime a litre.

Refilling a 50-litre tank today can cost almost five euros less than yesterday. And a trip of 300 km (in a car that consumes about six liters per 100 km) today can cost almost two euros less.

Accounts are the result of evaluation 10 cents reduction for gasoline and 9 cents for dieselwhich will come into force today, although they will not be officially confirmed until tomorrow.

At the heart of this decline are the prices of petroleum products, both refined products and raw materials: last week ended with the international price of oil (measured by the Brent index) just above $94, which in dollars is similar to what took place on February 23, the day before Russian invasion of Ukraine. However, the euro value remains more expensive, as the European currency has depreciated by about 9% against the US dollar since the start of the war.

The fall in oil prices is partly due to the prospects for a cooling economy. But it removed some of the tension that existed over the oil.

Gasoline prices fell nearly 40 cents in less than two months

Simple 95 gasoline should now be sold at an average price below 1.8 euros per liter, the lowest price since the beginning of February, that is, even before the war.

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This means that since the peak in Portugal on June 10 (when it was selling at an average price of 2,188 euros per litre), the price of 95 regular gasoline has fallen by almost 40 cents.

The fall in the price of diesel fuel, which today should be sold at a price approaching 1.75 euros per liter (the lowest since the end of February), was slightly less pronounced, but faster.

Since the record high price on June 23 (when a liter cost an average of 2,111 euros), the average selling price of diesel fuel has decreased by a total of almost 35 cents per liter.

This means that, for example, filling a 50-liter diesel tank in a car today costs about 17 cents less than a month and a half ago.

Oil workers still earn more

This decline in final prices, however, does not mean that fuel prices are identical to those in February.

This equalization of prices with respect to February is possible only because the state now levies less taxes than then. Otherwise, gasoline today would be 32.1 cents per liter more expensive, and diesel 28.2 cents per liter.

If the state receives less, and the Portuguese pay almost the same as in February, then other components of the price are more expensive: who sells raw materials, who processes them and who sells them. Including oil companies, which have increased their profits around the world in recent months. António Guterres, UN secretary general, last week criticized oil and gas companies’ “immoral profits”.

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