Asked whether the United States could repair the damage it has
suffered to its reputation during the Bush presidency and especially
since the 2003 U.S.-led invasion of Iraq, Kouchner replied, "It will
never be as it was before."
"I think the magic is over"
Food Shortage, Food Prices & Corporate Greed p
In the last quarter alone, the six most profitable companies in this sector have earned more than $4 billion. Here's how they might spend a bit of their windfall:
Those profits make the United Nations Food Program's emergency request for $755 million to feed the 73 million people at risk of starvation look tiny. It amounts to 20% of the profits from those companies over the last three months. And remember, these companies – Monsanto, Cargill, Mosaic, ADM, Deere and Bunge – have for the most part been raking it in for at least a couple years, as they ride (or is that drive?) the congressional mandate for ethanol.
Food prices, according to one index, are up 57% in a year.
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April 30, 2008 in Commentary | Permalink | Comments (0)