Keyword: foodriots
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With election fraud becoming blatant, Matt Bracken and George McMillan discuss the shocking depth of this systematic problem and how to solve it. Get the most groundbreaking analysis on the internet here. A 26-minute video discussing election issues, economic problems and much more.
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If you have followed my reporting you probably know about the protests happening in the Netherlands. Tens of thousands of farmers have taken to the streets to protest against new climate goals which will force farmers to shut down their farms. They have set hay bales on fire on motorways and dumped manure and even blocked supermarket distribution centers. According to calculations done by the Finance ministry, a whopping 11 200 livestock farmers will be forced to shut down by the government to reduce nitrogen emissions in order to meet European environmental rules. Another 17 600 farmers would need to...
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Unrest over food shortages spreads through the country SAN CRISTOBAL/BARINAS, Venezuela, Jan 11 (Reuters) - Hungry mobs ransacked a food collection center, and a supermarket in Venezuela's western Andean state of Merida on Thursday and reportedly even slaughtered cattle grazing in a field as unrest over food shortages spread through the country. An opposition lawmaker from Merida, Carlos Paparoni, said four people had died and 10 were injured in the chaos over the last two days, but he did not specify the circumstances. Four years of recession and the world's highest inflation have plunged millions of Venezuelans into poverty, and...
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The head of the world's biggest food company Nestle said on Friday that rising food prices have created conditions "similar" to 2008 when hunger riots took place in many countries. "The situation is similar (to 2008). This has become the new reality," the Swiss giant's chairman Peter Brabeck-Letmathe told the Salzburger Nachrichten daily in his native Austria in an interview. "We have reached a level of food prices that is substantially higher than before. It will likely settle down at this level. "If you live in a developing country and spend 80 percent of your income on food then of...
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Decades of autocratic government and a lack of free elections are, of course, the main drivers of the political upheaval in Egypt. But did the sinking dollar and skyrocketing food prices trigger the massive unrest now occurring in Egypt — or the greater Arab world for that matter? In addition to Egypt, the people have taken to the streets to varying degrees in Algeria, Jordan, Libya, Morocco and Yemen. Local food riots have even broken out in rural China and other Asian locales. While the mainstream media focus on the political aspects of this turmoil, they are overlooking the impact...
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Even Islamists have to eat. It is unclear whether President Hosni Mubarak of Egypt will survive, or whether his nationalist regime will be replaced by an Islamist, democratic, or authoritarian state. What is certain is that it will be a failed state. Amid the speculation about the shape of Arab politics to come, a handful of observers, for example economist Nourel Roubini, have pointed to the obvious: Wheat prices have almost doubled in the past year. Egypt is the world's largest wheat importer, beholden to foreign providers for nearly half its total food consumption. Half of Egyptians live on less...
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Soaring food prices have been, perhaps, the most pressing global issue of the past two years – yet the U.S. Federal Reserve has taken a "hear no evil, see no evil, speak no evil" approach to the global crisis. Instead, the Fed has dutifully maintained its focus on so called "core inflation" in the United States – even as Americans suffer the consequences of the "hidden inflation" the government refuses to account for. The Federal Reserve excludes food and fuel prices from its preferred gauge of inflation because they are often influenced by erratic weather patterns and political turmoil. That...
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The run-up in global commodity prices is stirring debate in a number of countries over the role of financial speculators, a prospect that could fuel a regulatory backlash by governments keen to control food prices.
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<p>As we know, massive popular unrest has broken out against autocratic governments in North Africa and the Arab world. Egypt is the biggest story. But to varying degrees, the people have taken to the streets in Algeria, Jordan, Libya, Morocco, and Yemen.</p>
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Political risk has returned with a vengeance. The first food revolutions of our Malthusian era have exposed the weak grip of authoritarian regimes in poor countries that import grain, whether in North Africa today or parts of Asia tomorrow.If you insist on joining the emerging market party at this stage of the agflation blow-off, avoid countries with an accelerating gap between rich and poor. Cairo’s EGX stock index has dropped 20pc in nine trading sessions. Events have moved briskly since a Tunisian fruit vendor with a handcart set fire to himself six weeks ago, and in doing so lit the...
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After 24 years in Canada, Rafik and Leila Baladi moved back to Cairo two weeks ago to settle down. Now, like many other residents of the Egyptian capital, they're stocking up on bottled water and essential foodstuffs as chaos engulfs this sprawling city of some 18 million. "We just don't know what is going to happen," said Leila, who along with her husband was pushing a shopping cart loaded with frozen chicken breasts, fava beans, milk and other items at a grocery store in central Cairo. "People are terrified to death." Everyday life in Cairo has been turned upside down...
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Commodities traders have warned they are seeing the first signs of panic buying from states concerned about the political implications of rising prices for staple crops. However, the tactic risks simply further pushing up prices, analysts have warned, pushing a spiral of food inflation. Governments in Asia, the Middle East and North Africa have recently made large food purchases on the open market in the wake of unrest in Tunisia which deposed president Zine al-Abidine Ben Ali. Resentment at food shortages and high prices, as well as repression and corruption, drove the popular uprising which swept away his government. Youths...
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Events have moved briskly since a Tunisian fruit vendor set fire to himself six weeks ago, and thereby lit the fuse that has detonated Egypt and threatens to topple the political order of the Maghreb, Yemen, and beyond. As Al-Jazeera broadcasts authority crumbling in the cultural and political capital of the Arab world, exhilaration can turn quickly to foreboding. Whatever the aspirations of those on the streets of Cairo, such uprisings are easy prey for tight-knit organizations – known in the revolutionary lexicon as Leninist vanguard parties. In Egypt this means the Muslim Brotherhood. The Brotherhood is a different kettle...
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While discontent, resentment and nationalism continue to fuel demonstrations, one vital staple is in short supply: food. Many families in Egypt are fast running out of staples such as bread, beans and rice and are often unable or unwilling to shop for groceries. "Everything is running out. I have three children, and I only have enough to feed them for maybe two more days. After that I do not know what we will do." school administrator Gamalat Gadalla told CNN. The unrest has paralyzed daily life in Egypt with many grocers closing shop and spotty food shipments. "With the curfew,...
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--snip--Today there is a global food shortage and skyrocketing prices. This has become the underlying factor in the riots in Tunisia, Algeria, and Egypt, where up to 56% of a person's income is dedicated to the acquisition of food. These riots are now leading to the upheaval of governments and the very real possibility of the ascendancy of the radical elements into control...
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U.S. grain prices should stay unrelentingly high this year, according to a Reuters poll, the latest sign that the era of cheap food has come to an end. U.S. corn, soybeans and wheat prices -- which surged by as much has 50 percent last year and hit their highest levels since mid-2008 -- will dip by at most 5 percent by the end of 2011, according to the poll of 16 analysts. The forecasts suggest no quick relief for nations bedeviled by record high food costs that have stoked civil unrest. It means any extreme weather event in a grains-producing...
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Positioning For A Food Riots Economy by: Kevin McElroy January 16, 2011 On Monday I wrote something that caused my coworkers to look at me even more sideways than usual. I said, “I think we can expect the words “food riot” to enter the American lexicon sometime in the next 18 months, and I don’t say that flippantly.” Just to be clear, “lexicon” is a fancy word that means vocabulary – and “food riot” is a phrase that refers to a group of angry, hungry, violent people who destroy property because they feel (among other things) that food prices are...
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Free markets can still feed the world ... Nicolas Sarkozy, France's president, has rightly identified food price volatility as a priority for his country as it chairs the Group of 20 leading economies this year ... With food accounting for a large and volatile share of tight family budgets in the poorest countries, rising prices are re-emerging as a threat to global growth and social stability. When prices of staples soar, the poor bear the brunt. Without global action, people in poor countries will be deprived of adequate and nutritious food, with tragic consequences for individuals and for the future...
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World food prices continued to rise sharply in December, bringing them close to the crisis levels that provoked shortages and riots in poor countries three years ago, according to newly released United Nations data. Prices are expected to remain high this year, prompting concern that the world may be approaching another crisis, although economists cautioned that many factors, like adequate stockpiles of key grains, could prevent a serious problem. The food price index of the United Nations Food and Agriculture Organization rose 32 percent from June to December, according to the report published Wednesday. In December, the index was slightly...
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Bartering is Back in North Korea By Yoo Gwan Hee, from South Pyongan in 2008 [2010-01-20 16:27 ] As predicted by experts on North Korea’s economy, since the authorities have yet to officially release state prices, the North Korean people are now surviving by bartering. A defector, who spoke with his family in North Hamkyung Province on Tuesday, reported the news to the Daily NK, “I called my family to send some money to them as I had heard they were in trouble, and they told me that the current situation is unspeakably terrible. They live only by bartering with...
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