[Austerity measures begin in the US. As usual, these cuts are aimed at the citizens who are least capable of defending themselves. Meanwhile, America’s ruinously expensive land wars in Asia drag on.] By Charles Riley, staff reporterFebruary 12, 2011: 8:10 AM ET NEW YORK (CNNMoney) — President Obama’s 2012 budget will propose cutting $2.5 billion […]
By Saman Dazaee05 Feb 2011 Baghdad – A spokesman for the Iraqi Ministry of Electricity said on Saturday that resolving the energy crisis that has plagued the country in recent years will cost an estimated $6bn. Musab al-Mudaris told AKnews that the ministry has asked parliament to provide appropriate funds in the 2011 budget to […]
By Joe DeCapuaFebruary 07, 2011 In the coming months, parts of southern Africa may experience the worst flooding in the last 20 or 30 years. That’s the warning Monday from the U.N. Food and Agriculture Organization (FAO). It says the La Niña weather phenomenon has brought heavier than normal rainfall, destroying thousands of hectares of […]
31 Jan 2011 (South African Government News Service) – Roosters cluck, dogs dig through heaps of mud and garbage, music blasts from a distance, children’s cries and laughter can be heard from miles away and raw sewage trickles past the doorsteps of many dishevelled houses. This is the flood-hit Themba Khoza informal settlement, near Ivory […]
By Annalyn Censky, staff reporterJanuary 28, 2011: 5:11 PM ET NEW YORK (CNNMoney) — Food prices have been rising worldwide, as the cost of raw materials and agricultural products surge, contributing to political unrest around the globe. In December, international food prices broke an all-time high when they rose 25% for the year, led by […]
By Gregory WhiteJan. 22, 2011, 12:08 PM Food inflation is now a reality for much of the world. It contributed to the overthrow of the Tunisian government, has led to riots across the Middle East and North Africa, driven up costs in China and India, and may only be getting started. Whether you blame a […]
By Tom Keene and Stuart WallaceJan 26, 2011 8:42 AM PT A surge in food and energy costs is stoking inflation in emerging markets and causing riots that may topple governments, said Nouriel Roubini (video of Roubini interview), the New York University economist who predicted the financial crisis. Global food costs monitored by the United […]
By Mark RalstonSunday 23 January 2011 HORSHAM (AFP) — Marshall Rodda weathered Australia’s decade-long drought, but as he recovers from record-breaking floods the seasoned farmer can’t help thinking that when it rains, it pours. Before the rains began in April, Rodda was among the thousands of Australian farmers struggling to make ends meet in the […]
Al Jazeera EnglishJanuary 22, 2011 The people of Sri Lanka are trying to cope with the effects of the worst floods that have hit the country in more than 50 years. And it is not only homes that have been damaged. More than 80 per cent of fields in the main rice-growing area have been […]
By Barbara Mae Dacanay, Bureau ChiefPublished: 00:00 January 22, 2011 Manila: Climate change which has shortened the distance between the occurrence of El Niño (drought) and La Niña (continuous rains) have imperilled already scant Philippine rice production in 2010, a trend which is expected to continue in 2011, the department of agriculture said in a […]
