Monday, April 2, 2012

Speculating our lives away

"Speculation by large investment banks is driving up food prices for the world's poorest people, tipping millions into hunger and poverty. Investment in food commodities by banks and hedge funds has risen from $65bn to $126bn (£41bn to £79bn) in the past five years, helping to push prices to 30-year highs and causing sharp price fluctuations that have little to do with the actual supply of food, says the United Nations' leading expert on food." (Thanks Laila)


http://www.independent.co.uk/news/world/politics/the-real-hunger-games-how-banks-gamble-on-food-prices--and-the-poor-lose-out-7606263.html

1 comment:

rox said...

I have listed your blog for the Versatile blog award . You may participate or not . just wanted to let You know that I value the work to help educate and support the small traditional farmers & community .

here is the link for the award
http://cunningcrone.blogspot.ca/2012/04/versatile-blogger-award.html