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10 Jul 08 - 03:55 PM (#2385979) Subject: BS: Ignored news From: Donuel Like the books you may see about collected news stories that are killed by editors or powers that be this thread may be much like 'Random Traces' but include news items that are either not published or not picked up by large news servies: A World Bank research finding regarding the US ethanol corn crop was respondsible for a 75% rose om grain costs world wide, went unpublished and unmentioned at the current G-8 Summit Meetings (they said it was with held as a courtesy to the US) Chinese nukes "damaged" in last month's earthquake http://en.epochtimes.com/news/8-7-9/73205.html |
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10 Jul 08 - 05:30 PM (#2386055) Subject: RE: BS: Ignored news From: Q (Frank Staplin) "World Bank" is a PSD blog site; comments without documentation. The real World Bank chief, Robert Zoellick, said: "While many worry about filling their gas tanks, many others around the world are struggling to fill their stomachs. "Quote in Guardian. Guarduan- "Zoellick appeared primarily to be calling for greater agricultural and food aid from the rich nations to the developing world. However, he made it clear that he considered the push towards biofuels part of the problem, saying that this tended to push up food prices." Government focus on biofuels... "The UK, for instance, intends to require first 5 and then 10 per cent ethanol content in motor fuel in coming years- a plan which has already drawn widespread criticism." Guardian, April 11, 2008. There is no basis for "U. S. ethanol corn crop was responsible for a 75% rise in grain costs world wide..." As posted in other threads, several factors contribute to the high cost of grains; strongly increased demand, drought in some areas, decision by some nations to hoard grains, increased production costs because of rising fuel costs and conversion of acerage to biofuel production. Use of grains for ethanol does add pressure on market prices but it is just one factor. The ethanol push does demand coverage, but that is no excuse for misquotation of Zoellick's statement. |