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-Signs, Portents, and the Weather-
World Bank: Food prices at "dangerous levels"
2011-02-16
Global food prices have hit "dangerous levels" that could contribute to political instability, push millions of people into poverty and raise the cost of groceries, according to a new report from the World Bank.
APee so summarized. Food costs soar, countries can no longer afford to subsidize the cost without bankrupting themselves leading to more riots and instability. Weather and corn shortages (read ethanol) along with energy prices are leading to rising costs. Woman and minorities hardest hit. Cats and dogs will be forced to live together.
Posted by:DarthVader

#8  "unintended consequences" and grid your loins are expressions I have used for years. Neither worked for me when my wife and I would attempt economic discussions. So I have moved on. Now we have the food situation plus the new EPA efforts to over regulate coal. In each case the low income and most of us are hit adversely. The demowhit's must be stopped and the regressive(my new one)liberal.
Posted by: Dale   2011-02-16 18:22  

#7  Wheat is projected to be a national make or break for many countries. Check out these buys: note Egypt, Iraq, South Asia and Oceania.

Countries that can't buy wheat are going to be Rantburg headlines tomorrow.
Posted by: Anonymoose   2011-02-16 18:18  

#6  From The Bernank's testimony before the Financial Crisis Inquiry Commission:
The other part, though -- and, again, I just want to say this as strongly as possible -- the reform will be a failure if we could not contemplate the failure of Goldman Sachs. That is, there needs to be a system by which Goldman Sachs will go bankrupt and Goldman SachsÂ’ creditors could lose money. If we donÂ’t have that, then we might as well treat them as a utility, because thatÂ’s what they are.
The 'reform' is a failure. Goldman Sachs is not only Too Big To Fail, it's gotten much Bigger in the last 3 years. There is and has been no 'recovery' only a 14% or so prop of the GDP directly from deficit spending & Quantitative Easing.
Rising world food prices are an unintended consequence of the government's efforts to prop up Pig Men like Goldman Sachs, the cost be damned.
Posted by: Anguper Hupomosing9418   2011-02-16 15:46  

#5  Because nothing ever works out the way liberals want them to?
Posted by: gorb   2011-02-16 15:35  

#4  "How are those unintended consequences workin' out for ya?"

What makes y'all think they're unintended?
Posted by: Barbara Skolaut   2011-02-16 13:37  

#3  Gaea works in mysterious ways.
Posted by: g(r)omgoru   2011-02-16 12:47  

#2  Hey, QE-freaks: How are those unintended consequences workin' out for ya?
Posted by: Bright Pebbles   2011-02-16 10:58  

#1  Hey, green-freaks: How are those unintended consequences workin' out for ya?
Posted by: gorb   2011-02-16 10:48  

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