Now, however, people in international financial circles detect a subtle shifting of the ground in confidence about the dollar. A few years ago, the suggestion that another currency could rival the dollar would have been ridiculed. Today, some economists say the dollar could begin surrendering some of the advantages of dominance to the euro [...]

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But at the same time, the economies of China and India have continued growing, which accelerates the consumption of petroleum-related products and increases the amount and quality of food each person eats. These three facts have conspired to produce a global shortage of crude oil which has exacerbated the world’s inability to feed itself. If [...]

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So far the threat of a global food crisis has not affected Australia, but there are worrying signs appearing in the United States where some worried locals are beginning to hoard supplies.
Two bulk US retailers are rationing some sales of imported rice and that’s been enough for some Americans to begin stocking up.
It has also [...]

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Around the world, rising food prices have made basic staples like rice and corn unaffordable for many people, pushing the poor to the barricades because they can no longer get enough to eat. But the worst is yet to come. By SPIEGEL Staff more…

World Bank Calls for Action: Chaos Spreads as Food Prices Skyrocket
Our Hungry [...]

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