The Dark Side of the Moon

Share this post

Suck It up and Starve--We Can't (or Won't) Afford 8 Hours of War Spending

www.dark-side-of-the-moon.com

Suck It up and Starve--We Can't (or Won't) Afford 8 Hours of War Spending

Jim Freeman
Mar 1, 2008
∙ Paid
Share this post

Suck It up and Starve--We Can't (or Won't) Afford 8 Hours of War Spending

www.dark-side-of-the-moon.com
Share

Soaring Food Prices Putting U.S. Emergency Aid in Peril Supplies and Recipients Likely to Be Reduced

By Anthony Faiola Washington Post Staff Writer Saturday, March 1, 2008; A01

The U.S. government's humanitarian relief agency will significantly scale back emergency food aid to some of the world's poorest countries this year because of soaring global food prices, and the U.S. Agency for International Development is drafting plans to reduce the number of recipient nations, the amount of food provided to them, or both, officials at the agency said.

USAID officials said that a 41 percent surge in prices for wheat, corn, rice and other cereals over the past six months has generated a $120 million budget shortfall that will force the agency to reduce emergency operations. That deficit is projected to rise to $200 million by year's end. Prices have skyrocketed as more grains go to biofuel production or are consumed by such fast-emerging markets as China and India.

. . . "Look at what's happened …

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2023 Jim Freeman
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing