World Bank: Food prices have entered the 'danger zone'

[dreamdancer 0]

the seeds of war...

Quote

Robert Zoellick, World Bank president, said food prices are at “a tipping point”, having risen 36pc in the last year to levels close to their 2008 peak. The rising cost of food has been much more dramatic in low-income countries, pushing 44m people into poverty since June last year.

Another 10pc rise in food prices would push 10m into extreme poverty, defined as an effective income of less than $1.25 a day. Already, the world’s poor number 1.2bn.

Mr Zoellick said he saw no short term reversal in the damaging effect of food inflation, which is felt much more in the developing world as packaging and distribution accounts for a far larger proportion of the cost in the advanced economies.

Asked if he thought prices would remain high for a year, Mr Zoellick said: “The general trend lines are ones where we are in a danger zone… because prices have already gone up and stocks are relatively low.”

http://www.telegraph.co.uk/finance/economics/8451684/World-Bank-Food-prices-have-entered-the-danger-zone.html

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[Kennedy 0]

remembering Top Gun

Welcome to the danger zone!!

witty subliminal message
Guard your honor, let your reputation fall where it will, and outlast the bastards.
1*

[kelpdiver 2]

hey, DD finds a nugget, a valid and important story for a change.

The increasing food prices have been blamed as significant factors in the North African uprisings as well. If the US doesn't have a good wheat/corn harvest, perhaps an unrealistically great one for corn, those prices will soar and yes, the consequences could be rough.

Hard to see the advantage of corn based ethanol in our fuel supply.

[CanuckInUSA 0]

There clearly are too many mouths to feed. We need a good world wide war that kills billions and billions of people. I don't plan on living forever, are you? ROFLMAO.

Try not to worry about the things you have no control over

[Andrewwhyte 1]

Plagues tend to have less collateral damage to capacity.

[Kennedy 0]

Come on now, there's no reason to pick one horseman over another. DD is interested in Famine. You can go start your own War and Pestilence threads. (no one even gave an honorable mention to Death; poor unloved Death)








disclaimer: yes I know those are the bastardized horsemen, not the biblical text ones, but they're the ones everybody knows, and they fit here, so

witty subliminal message
Guard your honor, let your reputation fall where it will, and outlast the bastards.
1*

[dreamdancer 0]

Quote

Dominique Strauss-Kahn, the IMF's managing director, cautioned against complacency as he stressed "we are still in a crisis" despite the improving economic conditions. Key to sustainable growth for "advanced economies", he said, would be jobs.

"A year ago, my concern was a recovery without jobs. This is certainly a recovery with not enough jobs," he said. "For the young, there is now a risk this will turn into a life sentence."

Citing the turmoil in the Middle East and North Africa, he added: "Growth which is not inclusive enough is a threat to the sustainability of that growth. We have to be concerned about more inclusive growth. We need more than growth, we need active policies."

Britain is one of several developed nations facing elevated levels of joblessness. Total unemployment is running at 7.8pc, but one in five 16 to 24-year olds is out of work.

In Italy, youth unemployment is running at about 30pc, and at 43pc in Spain. The US announced a 27,000 increase in weekly unemployment claims on Thursday, and unemployment is running at 8.8pc.

http://www.telegraph.co.uk/finance/economics/8451874/Dominique-Strauss-Kahn-says-joblessness-is-the-biggest-threat-to-global-recovery.html

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[Glitch 0]

Quote

yes I know those are the bastardized horsemen, not the biblical text ones, but they're the ones everybody knows, and they fit here, so

...I thought the four horseman were Jim, Jack, Johnny, and Jose!

Randomly f'n thingies up since before I was born...