Food Prices Up, Lobster Prices Down; Coca-Cola Looking to Best Pepsi in China

• If food prices are soaring for everything from bread to beef, why is lobster cheaper than the price of a steak in Maine this season? For one thing, it helps that the region’s lobsters don’t travel very far to consumers. [Slate]

• In the months before this year’s salmonella outbreak, U.S. inspectors repeatedly rejected shipments of dirty and diseased peppers from Mexico, which makes it seem more like the outbreak was a freak accident. [NYP]

• The line at Cheap Eats pick 99¢ Fresh Pizza can get just as long as at Di Fara’s. [Slice]
Related: Beggars Can Be Choosers

• Did the owner of frat favorite Gatsby’s harass passersby to sign a petition protesting a community board’s liquor ruling? [Eater]

• Coca-Cola is hoping it can use its Olympics ad blitz to finally dominate Pepsi in the Chinese market. [WSJ]

• An Upper East Side hot–dog cart caught fire yesterday, shooting flames into the awning of the neighboring Ralph Lauren store. [NYP]