Food Crisis Reverses Middle Class Trend in Latin America

New America Media

The food crisis in Latin America is eroding the spending power of the new middle class, and with it, their optimism in the future of the region’s economy. In Latin America, the global food crisis has done more than just trigger protests and force governments to scramble for stopgap solutions. The crisis has begun to reverse the most positive regional trend of recent years: the decline of poverty and the nascent emergence of a new middle class. Continue reading Food Crisis Reverses Middle Class Trend in Latin America

Multinationals make billions in profit out of growing global food crisis

The Independent

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

Where to, Zimbabwe?

Pambazuka News
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?