The REAL Price of Food: 2007 versus 2008
June 26th, 2008 . by adminA revealing chart showing the rise in prices for fruit, meat, dairy, vegetables, etc. from May 2007 to May 2008.
Sphere: Related ContentA revealing chart showing the rise in prices for fruit, meat, dairy, vegetables, etc. from May 2007 to May 2008.
Sphere: Related ContentPaulson’s argument, which is shared by leaders of the Fed, is that even when the emergency Fed lending program for investment banks goes away, financial players will assume they would be bailed out again in a crisis. That means they may be more willing to take risks that could threaten the financial system and thus require greater policing.
Sphere: Related ContentHouse Democrats responded to President’s Bush’s call for Congress to lift the moratorium on offshore drilling. Among other things, the Democrats called for the government to own refineries so it could better control the flow of the oil supply!! House Majority Leader Steny Hoyer (D-MD) said the same.
Sphere: Related ContentFor those of you saw the Star Trek movie, you know that Admiral James T. Kirk was the only one ever to beat the Kobayashi Maru. He did it by reprogramming the computer - he changed the rules. Look for a similar attempt by those now taking the test. Currency controls, restrictions on investing, limits on positions held in commodities, etc. etc.
Sphere: Related ContentVoters in this mostly agricultural corner of the Midwest have approved a proposal to build the first new U.S. oil refinery in more than 30 years. Union County residents voted 58 percent to 42 percent Tuesday to endorse the rezoning of almost 3,300 acres of pristine farm land north of Elk Point for the oil refinery.
Sphere: Related ContentLiberty is incompatible with taxation, writes Tibor Machan. This is despite the famous saying by Oliver Wendell Holmes that “Taxation is the price we pay for civilization.” In fact, taxation is a most uncivilized way of obtaining funds, given that it boils down to nothing less than extortion.
Sphere: Related ContentCongressman Charles Rangel was seen getting out of his Cadillac DeVille, which he leases for $774 per month. And how about this one: Congressman Gregory Meeks was recently seen waiting for Congressman John Conyers to step out of Meeks’ Lexus LS460, which Meeks leases for $998 per month. The American public is getting the shaft from these thieves!
Sphere: Related ContentThe statistic did not meet what economists consider the classic definition of a recession, which is a retraction of the economy. This means that although the economy is stuck in a rut, it is still managing to grow, even if modestly.
Sphere: Related ContentIn ways both large and small, Americans are doing without. Squeezed by lofty prices for gasoline, food and other products, worried about their jobs and rattled by talk of a recession, people are hunkering down.
Sphere: Related ContentWal-Mart Stores Inc’s Sam’s Club warehouse division said on Wednesday it is limiting sales of Jasmine, Basmati and long grain white rice “due to recent supply and demand trends.”
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