American needs to focus on itself. As prices increase more and more people will turn to stealing, or they will just foreclose on their home commit a federal crime, (rob a bank) and go to prison where they have a roof over their head, 3 meals a day, and the rest of America pays for it. The Gov. needs to look at it's own people and get them there they need to be, then help others. You can't help others for to long if you don't help your own people.
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Global leaders are waking up to the threat. "Finally, everyone is paying attention," Jacques Diouf, the Senegalese director-general of the U.N.'s Food and Agriculture Organization, told NEWSWEEK last week after leaving 10 Downing Street, where he had met with British Prime Minister Gordon Brown. Brown and French President Nicolas Sarkozy have pledged to attend a food-security summit Diouf is hosting in Rome in June.
There's likely to be little relief soon, however. The factors that could aggravate or improve the situation in the short term (which include the weather, and growth in China) are beyond policymakers' control. Crops don't grow overnight, and investments needed to make farming more efficient and productive in the developing world will take years.
The markets that set prices have been known to fall, as well as rise. Wheat prices, which have leveled off recently, could fall if a bumper harvest materializes this year, a development that would help bring rice prices down, too. But until that happens, and until the dynamics of supply and demand change, there's a sense that urgent actions will be required to feed the truly hungry, while the rest of us will have to tighten our belts. As Abdolreza Abbassian, an analyst at the Food and Agriculture Organization, puts it: "The era of cheap food is over."
With Ashley Harris and Barrett Sheridan in New York, Miyoko Ohtake in San Francisco, Karen Macgregor in Durban, South Africa, and Criselda Yabes in Manila
© 2008
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