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Keyword: foodriots

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  • Nestle chief warns of new food riots

    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...
  • Have Bernanke And Ethanol Sunk Egypt? The People Cannot Afford To Buy Bread

    02/01/2011 5:03:46 PM PST · by Kaslin · 50 replies
    IDB Editorials ^ | February 1, 2011 | LAWRENCE KUDLOW
    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...
  • Food and failed Arab states

    02/01/2011 8:29:56 AM PST · by ventanax5 · 17 replies
    Asia times ^ | Spengler
    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...
  • Hidden Inflation: Food Prices Flying Under the Fed's Radar

    01/28/2011 1:14:42 PM PST · by FromLori · 52 replies
    Money Morning ^ | 1/28/2011 | JASON SIMPKINS
    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...
  • Food-Price Rise Puts Focus on Speculators (Blame Game--Price Controls Coming?)

    01/26/2011 7:14:34 AM PST · by SoFloFreeper · 19 replies
    Wall Street Journal ^ | 1/26/11 | SAMEER MOHINDRU
    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.
  • Food Riots: Is Bernanke Partially to Blame?

    01/30/2011 2:57:50 PM PST · by Hojczyk · 44 replies
    CNBC ^ | January 28,2011 | Larry Kudlow
    <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>
  • Egypt and Tunisia usher in the new era of global food revolutions

    01/30/2011 5:46:15 PM PST · by RC one · 5 replies
    the Telegraph ^ | 7:30PM GMT 30 Jan 2011 | Ambrose Evans-Pritchard
    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...
  • Egyptians Stock Up on Food, Water as Protests Rage

    01/31/2011 5:00:08 AM PST · by Kartographer · 18 replies
    AP/AOLNews ^ | 1/31/11 | Ryan Lucas
    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...
  • Authoritarian governments start stockpiling food to fight public anger

    02/01/2011 3:47:53 AM PST · by Daisyjane69 · 11 replies
    The Telegraph (UK) ^ | 2/1/11 | Ben Farmer
    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...
  • Egypt and Tunisia usher in the new era of global food revolutions

    01/30/2011 4:47:12 PM PST · by DeaconBenjamin · 26 replies
    Telegraph (UK) ^ | 7:30PM GMT 30 Jan 2011 | By Ambrose Evans-Pritchard
    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...
  • Food staples starting to run out in Egypt

    01/31/2011 1:54:05 PM PST · by Kartographer · 35 replies
    CNN ^ | 1/31/11 | Salma Abdelaziz
    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,...
  • America and the Middle East Food Riots

    02/01/2011 5:02:55 AM PST · by Puzzleman · 25 replies
    American Thinker ^ | January 31, 2011 | Steve McCann
    --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...
  • An era of cheap food may be drawing to a close

    01/31/2011 5:00:40 AM PST · by NRG1973 · 67 replies
    Reuters via MSNBC ^ | January 31, 2010 | KT Arasu
    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...
  • Positioning For A Food Riots Economy

    01/16/2011 3:54:15 PM PST · by blam · 168 replies
    Seeking Alpha ^ | 1-16-2011 | Kevin McElroy
    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...
  • World Bank to Manage Food Supplies?

    01/06/2011 6:24:10 AM PST · by IbJensen · 12 replies
    Right Side News ^ | January 6, 2011 | Daily Bell
    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...
  • U.N. Data Notes Sharp Rise in World Food Prices

    01/05/2011 9:26:25 PM PST · by DeaconBenjamin · 11 replies
    NY Times ^ | January 5, 2011 | By WILLIAM NEUMAN
    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...
  • Bartering is Back in North Korea (regressed to barter economy)

    01/20/2010 5:10:43 AM PST · by TigerLikesRooster · 11 replies · 553+ views
    Daily NK ^ | 01/20/10 | Yoo Gwan Hee
    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...
  • N. Korea: Rice Price before and after Currency Reform (day-by-day chart)

    01/31/2010 6:35:53 AM PST · by TigerLikesRooster · 6 replies · 539+ views
    Free North Korea Radio ^ | 01/28/10 | Kim Eun-ho
    Before currency reform, food price in Pyongyang and Chongjin (in old denomination per kg) Between Sept. and Nov., 2009, rice: 1800~2400 won, corn: 800~1100 won After currency reform, rice price in Pyongyang and Chongjin (in new denomination per kg) date rice pricein new won contributing factor Dec.2009 1st ~ 9th  20~ 25 government institutes currency reform1 new won = 100 old won 10~15th  30~ 45 price in new currency would not settle properly, and price rises 20~30th  50~ 60 Public Security impose ban on the use of foreign currency on Dec. 28; price rises Jan.2010  1st~5th  80~120 price doubled...
  • North Korea 'struggling against civil unrest'

    02/03/2010 7:11:53 AM PST · by TigerLikesRooster · 25 replies · 695+ views
    The Times(UK) ^ | 02/03/10 | Richard Lloyd Parry
    North Korea 'struggling against civil unrest' The revaluation of the won has led to rampant inflation and civil disorder Richard Lloyd Parry, Asia Editor The North Korean dictatorship is struggling to contain civil unrest and runaway inflation caused by a drastic revaluation of its won currency, which is threatening new food shortages in the already hungry nation, according to reports in South Korea. /snip Agents of the People’s Safety Agency (PSA), which is conducting a so-called “Fifty Day Battle” against illegal enterprise, were reported to have been attacked and driven away as they sought out market activity in the city...
  • Violence in N.Korea as hunger woes mount: reports (starvation returns; secrity agents attacked)

    02/02/2010 6:14:44 AM PST · by TigerLikesRooster · 16 replies · 577+ views
    AFP ^ | 02/03/10
    Violence in N.Korea as hunger woes mount: reports AFP February 3, 2010, 1:15 am SEOUL (AFP) - Angry North Koreans have attacked security agents as hunger woes mount following a crackdown on free-market trade, according to reports on Tuesday from groups in Seoul with contacts in the communist state. Social unrest and riots have flared since a shock currency revaluation by Pyongyang last November worsened shortages of food and other goods for an increasingly desperate population, they said. /snip "Therefore, people are taking revenge on agents, since they feel so desperate that regardless of their actions, they will die," the...
  • Jim Rogers: Brace Yourself For Food Shortages, Thanks To The Banks Hoarding Cash

    01/15/2010 9:21:42 AM PST · by FromLori · 71 replies · 3,189+ views
    The Business Insider ^ | 1/15/10 | Vincent Fernando
    Jim Rogers is sounding the alarm -- buy agricultural commodities ahead of the riots. The financial crisis has cut off investment in agriculture, with many farmers unable to get loans for fertilizer according to Mr. Rogers. Of course, this means agricultural commodities will make a killing: CNBC: "Sometimes in the next few years we're going to have very serious shortages of food everywhere in the world and prices are going to go through the roof." Cotton and coffee are good buys because they are very distressed, while sugar, despite the fact that it has gone up a lot, is still...
  • Haiti Facing 'Major Food Crisis'

    05/01/2008 9:06:16 AM PDT · by blam · 5 replies · 148+ views
    BBC ^ | 5-1-2008
    Haiti facing 'major food crisis' Malnutrition is widespread in Haiti, one of the poorest countries in the world Haiti faces a "major crisis" if the international community does not increase food aid to the country, the UN's food agency has warned. The World Food Programme director for the region, Pedro Medrano, said Haiti required more help to feed its poor. He appealed for $54m (£27m) in new funding to counter food prices which have risen sharply around the world. At least six people were killed in Haiti last month as protests over rising prices turned violent. The prices of wheat,...
  • Time Line of the Great Depression

    11/15/2009 4:46:25 PM PST · by Kartographer · 19 replies · 966+ views
    1931 January -- Texas congressman Wright Patman introduces legislation authorizing immediate payment of "bonus" funds to veterans of World War I. The "bonus bill" had been passed in 1924. It allotted bonuses, in the form of "adjusted service certificates," equaling $1 a day for each day of service in the U.S., and $1.25 for each day overseas. President Hoover was against payment of these funds, saying it would cost the Treasury $4 billion. February -- "Food riots" begin to break out in parts of the U.S. In Minneapolis, several hundred men and women smashed the windows of a grocery market...
  • Bill Gates vs. the Famine Lobby

    10/30/2009 11:36:30 AM PDT · by fpmadmin · 4 replies · 332+ views
    FrontPage Magazine ^ | 10/30/09 | Ben Johnson
    Bill Gates took on the Famine Lobby while addressing a forum on the world food supply in Iowa. Speaking at the World Food Prize Symposium in Des Moines, Gates took aim at the chorus of environmental leftists and organic food advocates who believe Africans should starve rather than eat genetically modified (GM) foods. “Some voices are instantly hostile to any emphasis on productivity. They act as if there is no emergency, even though in the poorest, hungriest places on earth, population is growing faster than productivity,” he said.
  • Food will never be so cheap again

    10/25/2009 7:10:51 PM PDT · by bruinbirdman · 45 replies · 2,395+ views
    The Telegraph ^ | 10/25/2009 | Ambrose Evans-Pritchard
    Biofuel refineries in the US have set fresh records for grain use every month since May. Almost a third of the US corn harvest will be diverted into ethanol for motors this year, or 12pc of the global crop. The world's grain stocks have dropped from four to 2.6 months cover since 2000, despite two bumper harvests in North America. China's inventories are at a 30-year low. Asian rice stocks are near danger level. Yet farm commodities have largely missed out on Bernanke's reflation rally in metals, oil, and everything else. Dylan Grice from Société Générale sees "bargain basement" prices....
  • Hungry residents in one of Argentina's poorest provinces raid government store for food.

    10/30/2009 7:03:57 AM PDT · by Kartographer · 10 replies · 503+ views
    Reuters ^ | 10/29/09 | Tanya Wood
    Hungry residents in one of Argentina's poorest provinces raid government store for food. Video on site
  • Ammo flying off store shelves

    02/22/2009 10:09:04 AM PST · by Red in Blue PA · 405 replies · 8,534+ views
    myfoxtampabay ^ | 2/20/2009 | Warren Elly
    TAMPA - After President Barack Obama won the election, people flooded gun stores because of speculation that he may limit gun ownership or raise taxes on them. Even though neither has happened, the amount of people wanting to get their hands on a gun hasn't gone down. Scott Patrick is the General Manager of the Shoot Straight gun range in Tampa. He says the number of people coming into his store is still going up. "For whatever reason, whether it's the economy or crime, people don't feel safe," he said. Patrick is having serious trouble keeping all kinds of fire...
  • This May Become A Nightmare!

    12/10/2008 12:20:14 AM PST · by jslade · 133 replies · 4,808+ views
    > Celente Predicts Revolution, Food Riots, Tax Rebellions By 2012 > > > Thursday, November 13, 2008 > > > > > > > > > stock market > > > > > > > > > > Gerald Celente > > > > > > > The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting revolution in America, food riots and tax rebellions - all within four years, while cautioning that putting food on the table will be a more pressing concern than buying Christmas gifts by 2012. >...
  • America's Near Future... Revolution, Food Riots and Tax Rebellions

    11/17/2008 9:47:39 AM PST · by gaggs · 27 replies · 1,783+ views
    Gerald Celente, the CEO of Trends Research Institute, is renowned for his accuracy in predicting future world and economic events. What he told Fox Business about America’s future last week should send a chill down your spine. Celente says that by 2012 America will become an undeveloped nation, that there will be a revolution marked by food riots, squatter rebellions, tax revolts, job marches and that holidays will be more about obtaining food, not gifts. Video at link: Evaluation: America's Near Future... Revolution, Food Riots and Tax Rebellions
  • Shortages Threaten Farmers’ Key Tool: Fertilizer

    04/30/2008 2:23:31 PM PDT · by neverdem · 8 replies · 123+ views
    NY Times ^ | April 30, 2008 | KEITH BRADSHER and ANDREW MARTIN
    XUAN CANH, Vietnam — Truong Thi Nha stands just four and a half feet tall. Her three grown children tower over her, just as many young people in this village outside Hanoi dwarf their parents. The biggest reason the children are so robust: fertilizer. Ms. Nha, her face weathered beyond its 51 years, said her growth was stunted by a childhood of hunger and malnutrition. Just a few decades ago, crop yields here were far lower and diets much worse. Then the widespread use of inexpensive chemical fertilizer, coupled with market reforms, helped power an agricultural explosion here that had...
  • The Vast Left-Wing Conspiracy

    04/28/2008 9:58:49 AM PDT · by vmorgs · 4 replies · 75+ views
    The Daily Grind ^ | 04/24/2008 | ALG News
    The Vast Left-Wing Conspiracy Upon the collapse of the Soviet Union in 1991, hundreds of millions of Americans rejoiced as with a voice. And a grateful world watched in awe as the Doomsday Clock was turned back. But, what, some may wonder, ever became of the Soviet apologists here in the U.S. You probably remember these types. Telling Americans how wondrous the Soviet economy was, when it wasn’t. How much smarter the Soviet scientists were, when they weren’t. How benevolent their dictators were – even while without remorse their killing fields, gulags, State-sanctioned famines and genocides eliminated over 100 million...
  • Ted Turner's Next Prophecy: Food Riots 'Going to be More Commonplace'

    04/25/2008 2:03:40 PM PDT · by Rufus2007 · 41 replies · 92+ views ^ | April 25, 2008 | Jeff Poor
    The current food shortage is going to get worse before it gets better – at least that’s the way the founder of CNN sees it. Ted Turner was interviewed by CNBC’s Bob Pisani on the April 25 “Closing Bell.” He addressed the recent food shortages causing rationing and riots all over the globe and said it’s just a sign of things to come. “There are a lot of different problems being caused by an ever-increasing number of people in a finite-sized world,” Turner said. “The resources of the planet just can’t keep up with the demand and I’m afraid this...
  • Americans hoard food as industry seeks regs

    04/23/2008 5:18:10 PM PDT · by 2ndDivisionVet · 80 replies · 302+ views
    The Washington Times ^ | April 23, 2008 | Patrice Hill
    Farmers and food executives appealed fruitlessly to federal officials yesterday for regulatory steps to limit speculative buying that is helping to drive food prices higher. Meanwhile, some Americans are stocking up on staples such as rice, flour and oil in anticipation of high prices and shortages spreading from overseas. Their pleas did not find a sympathetic audience at the Commodity Futures Trading Commission (CFTC), where regulators said high prices are mostly the result of soaring world demand for grains combined with high fuel prices and drought-induced shortages in many countries. The regulatory clash came amid evidence that a rash of...
  • Will Media Remember Gore's 1994 Tie-breaking Vote Mandating Ethanol?

    Will Media Remember Gore's 1994 Tie-breaking Vote Mandating Ethanol? By Noel Sheppard | April 22, 2008 As the international disaster of ethanol begins taking its toll across the planet -- and, maybe more important, as press outlet after press outlet finally begins recognizing it -- will media remember that Vice President Al Gore cast the tie-breaking vote in the Senate requiring this oxygenate be added to gasoline? After all, regardless of recent reports blaming ethanol for world hunger problems, rising food costs, and increased greenhouse gases, it seems highly unlikely green media will want to tie any of these problems...
  • Oops! NYT's Friedman in 2006: $100 Oil, Ethanol - Now Causing Food Riots Worldwide - 'A Great Thing'

    04/11/2008 3:22:18 PM PDT · by Rufus2007 · 6 replies · 154+ views ^ | April 11, 2008 | Jeff Poor
    ABC’s April 11 “World News with Charles Gibson” is showing they finally get it – ethanol production and high energy costs are causing food shortages worldwide. “[P]rices are rising across Africa, pushed up by the cost of oil and demand for biofuels,” ABC correspondent Jim Sciutto said. “Those biofuels are in fact a large part of the equation,” ABC correspondent David Muir added. “Many farmers around the world, who once grew wheat and rice, now grow corn and sugar cane instead, to produce ethanol a more lucrative market.”