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Posts Tagged ‘food crisis

Masticating on the food crisis

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President Bush gives his expert opinion on the food crisis.

Bush now blames Indian middle class for rising food prices- Indicators-Economy-News-The Economic Times

“As you know, I’m a ethanol person,” he said. “I believe, as I told you, the interim step to getting away from oil and gas is to go to ethanol and battery technologies for your automobiles.”

“I think it makes sense for America to be growing energy. I’d much rather be paying our farmers when we go to the gas pump than paying some nation that may not like us,” Bush said.

Someone asked Dr. Manmohan Singh about his opinion and he has remained tightlipped. Apparently, he could not open his mouth due to all the food that Bush alleges that he has been eating

PM tightlipped about Bush’s ‘food crisis’ comment

However, he refused to comment on Bush’s statement,

A smart Move, Dr.Singh because it is really a moot point who is eating how much because we all know who are eating it all. If you did not know, read this dangerous piece by The Independent where the editor not only flirts with the real truth but goes to bed with it. Such progressive liberal writers can only be independent, the industry will never employ them 🙂

Multinationals make billions in profit out of growing global food crisis – Green Living, Environment – The Independent

The World Bank says that 100 million more people are facing severe hunger. Yet some of the world’s richest food companies are making record profits. Monsanto last month reported that its net income for the three months up to the end of February this year had more than doubled over the same period in 2007, from $543m (£275m) to $1.12bn. Its profits increased from $1.44bn to $2.22bn.

Cargill’s net earnings soared by 86 per cent from $553m to $1.030bn over the same three months. And Archer Daniels Midland, one of the world’s largest agricultural processors of soy, corn and wheat, increased its net earnings by 42 per cent in the first three months of this year from $363m to $517m. The operating profit of its grains merchandising and handling operations jumped 16-fold from $21m to $341m.

Written by Sudarshan Suresh

May 5, 2008 at 10:57 pm