Posted by Billy on February 10, 2011, 2:11 pm
<http://www.nytimes.com/2011/02/07/opinion/07krugman.html>
Droughts, Floods and Food
By PAUL KRUGMAN
Published: February 6, 2011
We¹re in the midst of a global food crisis ‹ the second in three years.
World food prices hit a record in January, driven by huge increases in
the prices of wheat, corn, sugar and oils. These soaring prices have had
only a modest effect on U.S. inflation, which is still low by historical
standards, but they¹re having a brutal impact on the world¹s poor, who
spend much if not most of their income on basic foodstuffs.
So what¹s behind the price spike? American right-wingers (and the
Chinese) blame easy-money policies at the Federal Reserve, with at least
one commentator declaring that there is ³blood on Bernanke¹s hands.²
Meanwhile, President Nicolas Sarkozy of France blames speculators,
accusing them of ³extortion and pillaging.²
But the evidence tells a different, much more ominous story. While
several factors have contributed to soaring food prices, what really
stands out is the extent to which severe weather events have disrupted
agricultural production. And these severe weather events are exactly the
kind of thing we¹d expect to see as rising concentrations of greenhouse
gases change our climate ‹ which means that the current food price surge
may be just the beginning.
(cont.)
--
- Billy
http://english.aljazeera.net/watch_now/
http://peace.mennolink.org/articles/israelpeacegroups.html
http://english.aljazeera.net/indepth/opinion/2011/01/20111812130964689.html
Posted by Bill who putters on February 10, 2011, 3:07 pm
In article
> <http://www.nytimes.com/2011/02/07/opinion/07krugman.html>
>
> Droughts, Floods and Food
> By PAUL KRUGMAN
> Published: February 6, 2011
>
>
> We¹re in the midst of a global food crisis ‹ the second in three years.
> World food prices hit a record in January, driven by huge increases in
> the prices of wheat, corn, sugar and oils. These soaring prices have had
> only a modest effect on U.S. inflation, which is still low by historical
> standards, but they¹re having a brutal impact on the world¹s poor, who
> spend much if not most of their income on basic foodstuffs.
>
> So what¹s behind the price spike? American right-wingers (and the
> Chinese) blame easy-money policies at the Federal Reserve, with at least
> one commentator declaring that there is ³blood on Bernanke¹s hands.²
> Meanwhile, President Nicolas Sarkozy of France blames speculators,
> accusing them of ³extortion and pillaging.²
>
> But the evidence tells a different, much more ominous story. While
> several factors have contributed to soaring food prices, what really
> stands out is the extent to which severe weather events have disrupted
> agricultural production. And these severe weather events are exactly the
> kind of thing we¹d expect to see as rising concentrations of greenhouse
> gases change our climate ‹ which means that the current food price surge
> may be just the beginning.
>
> (cont.)
This will change in a few days. Deals with food as a commodity.
http://macromon.wordpress.com/
I don't know about you but they are selling one lemon around here for
over a dollar.
--
Bill S. Jersey USA zone 5 shade garden
http://english.aljazeera.net/watch_now/
Posted by Billy on February 10, 2011, 4:39 pm
> In article
>
> > <http://www.nytimes.com/2011/02/07/opinion/07krugman.html>
> >
> > Droughts, Floods and Food
> > By PAUL KRUGMAN
> > Published: February 6, 2011
> >
> >
> > We¹re in the midst of a global food crisis ‹ the second in three years.
> > World food prices hit a record in January, driven by huge increases in
> > the prices of wheat, corn, sugar and oils. These soaring prices have had
> > only a modest effect on U.S. inflation, which is still low by historical
> > standards, but they¹re having a brutal impact on the world¹s poor, who
> > spend much if not most of their income on basic foodstuffs.
> >
> > So what¹s behind the price spike? American right-wingers (and the
> > Chinese) blame easy-money policies at the Federal Reserve, with at least
> > one commentator declaring that there is ³blood on Bernanke¹s hands.²
> > Meanwhile, President Nicolas Sarkozy of France blames speculators,
> > accusing them of ³extortion and pillaging.²
> >
> > But the evidence tells a different, much more ominous story. While
> > several factors have contributed to soaring food prices, what really
> > stands out is the extent to which severe weather events have disrupted
> > agricultural production. And these severe weather events are exactly the
> > kind of thing we¹d expect to see as rising concentrations of greenhouse
> > gases change our climate ‹ which means that the current food price surge
> > may be just the beginning.
> >
> > (cont.)
>
> This will change in a few days. Deals with food as a commodity.
>
> http://macromon.wordpress.com/
>
> I don't know about you but they are selling one lemon around here for
> over a dollar.
Three for a $ here, and 2 limes for a dollar. The high cost of
margaritas;O)
I don't know about everyone else, but I mostly grow condiments, but not
staples like dry beans and potatoes. I probably should plant more
calories.
Certainly, many other counties will feel the bite of higher food prices
before we do, but it may spread very fast.
--
- Billy
http://english.aljazeera.net/watch_now/
http://peace.mennolink.org/articles/israelpeacegroups.html
http://english.aljazeera.net/indepth/opinion/2011/01/20111812130964689.html
Posted by Bill who putters on February 10, 2011, 5:11 pm
In article
>
> > In article
> >
> > > <http://www.nytimes.com/2011/02/07/opinion/07krugman.html>
> > >
> > > Droughts, Floods and Food
> > > By PAUL KRUGMAN
> > > Published: February 6, 2011
> > >
> > >
> > > We¹re in the midst of a global food crisis ‹ the second in three years.
> > > World food prices hit a record in January, driven by huge increases in
> > > the prices of wheat, corn, sugar and oils. These soaring prices have had
> > > only a modest effect on U.S. inflation, which is still low by historical
> > > standards, but they¹re having a brutal impact on the world¹s poor, who
> > > spend much if not most of their income on basic foodstuffs.
> > >
> > > So what¹s behind the price spike? American right-wingers (and the
> > > Chinese) blame easy-money policies at the Federal Reserve, with at least
> > > one commentator declaring that there is ³blood on Bernanke¹s hands.²
> > > Meanwhile, President Nicolas Sarkozy of France blames speculators,
> > > accusing them of ³extortion and pillaging.²
> > >
> > > But the evidence tells a different, much more ominous story. While
> > > several factors have contributed to soaring food prices, what really
> > > stands out is the extent to which severe weather events have disrupted
> > > agricultural production. And these severe weather events are exactly the
> > > kind of thing we¹d expect to see as rising concentrations of greenhouse
> > > gases change our climate ‹ which means that the current food price surge
> > > may be just the beginning.
> > >
> > > (cont.)
> >
> > This will change in a few days. Deals with food as a commodity.
> >
> > http://macromon.wordpress.com/
> >
> > I don't know about you but they are selling one lemon around here for
> > over a dollar.
>
> Three for a $ here, and 2 limes for a dollar. The high cost of
> margaritas;O)
>
> I don't know about everyone else, but I mostly grow condiments, but not
> staples like dry beans and potatoes. I probably should plant more
> calories.
>
> Certainly, many other counties will feel the bite of higher food prices
> before we do, but it may spread very fast.
"Buddy can you spare a lime" .....hope we do not see it.
--
Bill S. Jersey USA zone 5 shade garden
http://english.aljazeera.net/watch_now/
Posted by Nad R on February 10, 2011, 4:20 pm
> <http://www.nytimes.com/2011/02/07/opinion/07krugman.html>
>
> Droughts, Floods and Food
> By PAUL KRUGMAN
> Published: February 6, 2011
>
>
> We¹re in the midst of a global food crisis ‹ the second in three years.
> World food prices hit a record in January, driven by huge increases in
> the prices of wheat, corn, sugar and oils. These soaring prices have had
> only a modest effect on U.S. inflation, which is still low by historical
> standards, but they¹re having a brutal impact on the world¹s poor, who
> spend much if not most of their income on basic foodstuffs.
>
> So what¹s behind the price spike? American right-wingers (and the
> Chinese) blame easy-money policies at the Federal Reserve, with at least
> one commentator declaring that there is ³blood on Bernanke¹s hands.²
> Meanwhile, President Nicolas Sarkozy of France blames speculators,
> accusing them of ³extortion and pillaging.²
>
> But the evidence tells a different, much more ominous story. While
> several factors have contributed to soaring food prices, what really
> stands out is the extent to which severe weather events have disrupted
> agricultural production. And these severe weather events are exactly the
> kind of thing we¹d expect to see as rising concentrations of greenhouse
> gases change our climate ‹ which means that the current food price surge
> may be just the beginning.
>
> (cont.)
Also add the increased amount of ethanol allowed in fuel for the US market.
Almost all regular gas has ethanol in it and the gas stations do not have
to state or advertise that ethanol is added to regular gas. People would
not not buy the gas otherwise because of performance issues.
So farmers will sell there crops to the ethanol industry over growing food
for the people. And we all know that it takes more oil to make one gallon
ethanol than one gallon of regular gas.
Now I will wait for FarmI's rebuttal and wanting web site verifications :)
--
Enjoy Life... Nad R (Garden in zone 5a Michigan)
XML site map
>
> Droughts, Floods and Food
> By PAUL KRUGMAN
> Published: February 6, 2011
>
>
> We¹re in the midst of a global food crisis ‹ the second in three years.
> World food prices hit a record in January, driven by huge increases in
> the prices of wheat, corn, sugar and oils. These soaring prices have had
> only a modest effect on U.S. inflation, which is still low by historical
> standards, but they¹re having a brutal impact on the world¹s poor, who
> spend much if not most of their income on basic foodstuffs.
>
> So what¹s behind the price spike? American right-wingers (and the
> Chinese) blame easy-money policies at the Federal Reserve, with at least
> one commentator declaring that there is ³blood on Bernanke¹s hands.²
> Meanwhile, President Nicolas Sarkozy of France blames speculators,
> accusing them of ³extortion and pillaging.²
>
> But the evidence tells a different, much more ominous story. While
> several factors have contributed to soaring food prices, what really
> stands out is the extent to which severe weather events have disrupted
> agricultural production. And these severe weather events are exactly the
> kind of thing we¹d expect to see as rising concentrations of greenhouse
> gases change our climate ‹ which means that the current food price surge
> may be just the beginning.
>
> (cont.)