Through The Static

April 14, 2008

Riots, instability spread as food prices skyrocket

Filed under: Economics,Food,Government,World News — Tranimal @ 3:35 pm

CNN.com:

(CNN) — Riots from Haiti to Bangladesh to Egypt over the soaring costs of basic foods have brought the issue to a boiling point and catapulted it to the forefront of the world’s attention, the head of an agency focused on global development said Monday.

“This is the world’s big story,” said Jeffrey Sachs, director of Columbia University’s Earth Institute.

“The finance ministers were in shock, almost in panic this weekend,” he said on CNN’s “American Morning,” in a reference to top economic officials who gathered in Washington. “There are riots all over the world in the poor countries … and, of course, our own poor are feeling it in the United States.”

World Bank President Robert Zoellick has said the surging costs could mean “seven lost years” in the fight against worldwide poverty.

Rice prices has risen over 75% worldwide! Buy your bags of rice now!

This is craziness. Maybe worldwide revolution is possible. Check out this Time article about “How Hunger Could Topple Regimes“.

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