No single factor can be blamed for the global food crisis. An unlucky confluence of events over the past several years contributed to soaring prices.
Speculators blamed for driving up price of basic foods as 100 million face severe hunger. Monsanto reported net income for the three months up to the end of February this year had more than doubled. Cargill’s net earnings soared by 86 per cent and Archer Daniels Midland increased its net earnings by 42 per cent. Continue reading Multinationals make billions in profit out of growing global food crisis
As the world waits to see what will happen in Zimbabwe, Patrick Bond argues that lessons should be taught and retaught about the dangers of elite transition between a voracious, corrupt, violent and divisive set of rulers, and an incoming crew who might not withstand the blandishments of local power-sharing and global economic seduction. Continue reading Where to, Zimbabwe?
A pending contract between China and Congo will give Congo $6bn of desperately needed infrastructure – about 2,400 miles of road, 2,000 miles of railway, 32 hospitals, 145 health centres and two universities. In return, China wiii get a slice of Congo’s precious natural resources to feed its booming industries – 10m tonnes of copper and 400,000 tonnes of cobalt. More