Sell your Taco Bell stock NOW
Posted on 03/01/2008 2:48:00 AM PST by Westlander
WASHINGTON - The U.S. government's humanitarian relief agency will significantly scale back emergency food aid to some of the world's poorest countries this year because of soaring global food prices, and the U.S. Agency for International Development is drafting plans to reduce the number of recipient nations, the amount of food provided to them, or both, officials at the agency said.
USAID officials said that a 41 percent surge in prices for wheat, corn, rice and other cereals over the past six months has generated a $120 million budget shortfall that will force the agency to reduce emergency operations. That deficit is projected to rise to $200 million by year's end. Prices have skyrocketed as more grains go to biofuel production or are consumed by such fast-emerging markets as China and India.
(Excerpt) Read more at msnbc.msn.com ...
Falling dollar, E85, environmentalist wackos restrictions on oil drilling, clean coal fired power plants and on and on.
No food aid for Palestinians
OH MY! Liberals hate cuts. But the program still costs the same. So I guess the solution is more money for the programs?
Why not give W credit for pushing through the ethanol boondoggle?
No food aid for Palestinians
Yes....interesting that the poor displaced Palestinians are one of the fattest people in the world. Their rate of obesity was ranked 5th in the world....and much higher than in the US
Prices have skyrocketed as more grains go to biofuel production or are consumed by such fast-emerging markets as China and India...
Exactly what I have been predicting for years about biofuel and ethanol, but in a free market there are ways to share in the sector gains, namely in futures and options.
The trend is your friend. - and it is clear.
E85=$ from farm lobbies. America sold down the road for a sham
Let them eat ethanol.
Wow I feel so bad for the worlds poor. Now they will have to drink ethanol instead of eating food.
Maybe we could feed them environmental wackos.
Wow I feel so bad for the worlds poor. Now they will have to drink ethanol instead of eating food.
Maybe we could feed them environmental wackos.
I didn't know that, and the stat made my curiosity bump itch :) In case anyone else interested, from 2006....
The incidence of coronary heart disease among Palestinians and Israelis in Jerusalem
2005: $1.89
2008: $3.39
Thanks envirowackos and feckless congressman
All the fatazzes need to do their patriotic duty and cutback to 4 or 5 meals a day.
Regards
And Rats and other greenies need to pay more for gas. Damn it.
Regards
Sell your Taco Bell stock NOW
just thank condi rice and jorge bush giving wheel barrows of US dollars to these f’n muzzie pali terrorists.....
let them eat kassam rockets or just pound sand!!!!
Way to go enviroweenies! You’re robbing Peter to pay Paul.
> Way to go enviroweenies! You’re robbing Peter to pay Paul.
Unfortunately Peter is belt tightening already, so there won’t be that much to give to Paul eiher.
Snort.
Not only do I have to pay almost double for a simple loaf of bread since 2005, now I have to pay double the fuel to drive to get it.
Damn, it's pissing me off
I can’t believe this story. The government has been buying surplus agricultural products for years. They have warehouse filled with butter that they have been buying to support dairy farmers for years.
LLS
LLS
I am not sure it’s E85 so much as it is just higher oil prices. US agriculture is highly petroleum intensive.
This bureaucrat is whining because his agency buys US agricultural commodities in Dollars, but in Europe, for instance, the US Dollar has become just another 3rd world currency and purchases of US grain were up at least a third in 2007 over 2006.
...in the winter I buy shelled corn in 50 lb. bags to feed wildlife....over the past 24 months the price has gone from $5.00/bag to $7.50!....this is paying retail of course, it’s probably cheaper straight from the farmer...but still.
WRONG
On top of everthing else, Foreign Aid imperils the dollar, food prices, politics, and engenders the ‘Ugly American’ mindset in the first place! Charity begins at home (ie, the country where the docks are stacked high with bags marked USA that eventually rot in place). A 10-year Moratorium on foreign aid is clearly called for!
Oh panic! The world will be food insecure! The UN better step in and take control of the world food supply so no one starves!
Move the Iowa primary to August.
Or, Iowa caucuses, whichever the case may be.
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