Food speculation: ‘People die from hunger while banks make a killing on food’

01 Agriculture, 01 Poverty, 03 Economy, 07 Health, Civil Society, Commerce, Ethics, Money, Banks & Concentrated Wealth, True Cost

It's not just bad harvests and climate change – it's also speculators that are behind record prices. And it's the planet's poorest who pay
John Vidal Sunday 23 January 2011

article

Just under three years ago, people in the village of Gumbi in western Malawi went unexpectedly hungry. Not like Europeans do if they miss a meal or two, but that deep, gnawing hunger that prevents sleep and dulls the senses when there has been no food for weeks.

Oddly, there had been no drought, the usual cause of malnutrition and hunger in southern Africa, and there was plenty of food in the markets. For no obvious reason the price of staple foods such as maize and rice nearly doubled in a few months. Unusually, too, there was no evidence that the local merchants were hoarding food. It was the same story in 100 other developing countries. There were food riots in more than 20 countries and governments had to ban food exports and subsidise staples heavily.

The explanation offered by the UN and food experts was that a “perfect storm” of natural and human factors had combined to hyper-inflate prices. US farmers, UN agencies said, had taken millions of acres of land out of production to grow biofuels for vehicles, oil and fertiliser prices had risen steeply, the Chinese were shifting to meat-eating from a vegetarian diet, and climate-change linked droughts were affecting major crop-growing areas. The UN said that an extra 75m people became malnourished because of the price rises.

Continue reading “Food speculation: ‘People die from hunger while banks make a killing on food'”

Shared Madness At the Top of the Two-Party “System”

03 Economy, Corruption, Cultural Intelligence, Government
Chuck Spinney Sounds Off....

Put another way, Simon Johnson is saying that Orientation (in the form of rigid pre-conceptions) is shaping the Observations as well as the Decisions and Actions (made in response to those observations).  Any student of nonlinear dynamics and control theory will tell you that when a positive feedback loop like, Orientation's positive shaping effect, is pumping without interruption into a negative feedback control system, the entire system spins out of control and its outputs become increasingly disconnected from the real world environment that system is struggling to cope with.  The inevitable result is chaos — full stop, end of story.

There Are Still No Fiscal Conservatives In The United States

By Simon Johnson, Basline Scenario, 26 Jan 2010

Following President Obama’s State of the Union address, there is a great deal of discussion about whether we might now be edging our way towards fiscal responsibility.

Unfortunately, most of our political elite – both left and right – is still living in a land of illusions.  They cannot even seriously discuss what would be required to bring our true fiscal position under control – remember that most of the recent damage to our collective balance sheet was done by big banks blowing themselves up.  No one who refuses to confront the power of those banks can be taken seriously as a fiscal conservative.

Even those interest groups that prominently espouse fiscal responsibility refuse to confront this reality.  There are no fiscal conservatives in the United States; at this stage it is all pretence.

Pretence is apparently all we are likely to get, as long as the money keeps rolling in (see Argentina for details).

Event: 16-17 Feb, NYC, Intelligent Infrastructure hosted by The Economist

03 Economy, 11 Society, Academia, Civil Society, Commerce, Government, Media, Non-Governmental

From their website: “The Economist believes that human progress relies on the advancement of good ideas. The Ideas Economy brings together top thinkers from around the world, and you, to discuss and debate the most important ideas of our time.”
Comment: “..the most important ideas of our time.” Cost: between $595-$1,595 (+$9.95 fee). Why not have a more affordable entrance fee if the ideas are the most important? At least stream the event live for a very affordable fee (or free).

event info

Speakers:
+Vivek Kundra – Chief Information Officer US
+Frank Gehry – Partner of Gehry Partners
+Nicholas Negroponte – Founder/Chairman of One Laptop per Child
+Richard Newell – Admin U.S. Energy Info Admin
+Henry Cisneros – Chairman CityView
+Judith Rodin – President The Rockefeller Foundation
|
Programme/Agenda

Related:
+ Representatives of The Economist Magazine Have Attended Nearly Every Bilderberg Meeting Since 1978
+ World Economic Forum live stream

David Ignatius Loves Bob Gates

03 Economy, 07 Other Atrocities, 09 Justice, 10 Security, 11 Society, Budgets & Funding, Corruption, Cultural Intelligence, Media, Military, Officers Call
DefDog Recommends...

David Ignatius, Washington Post 26 January 2011

Ike was right: Defense spending must be cut

Core paragraph:  President Obama has the right team in place to begin this strategic downsizing of the defense budget. Gates has been an outspoken advocate of cutting programs we can't afford, and he has strong backing from Adm. Mike Mullen and Gen. James Cartwright, the chairman and vice chairman of the Joint Chiefs of Staff. The military brass knows the country won't be secure if it's broke.

Phi Beta Iota: This article is corrupt on so many levels, from moral to intellectual to financial, it simply epitomizes all that is wrong with Washington.

Twitter as Psychiatric Patient Predicting Stock Market 3-4 Days in Advance w/86.7 % Accuracy

03 Economy, Academia, Civil Society, Collective Intelligence, Commerce, Mobile, Technologies, Uncategorized

Twitter Can Predict the Stock Market

  • By Lisa Grossman
  • October 19, 2010

The emotional roller coaster captured on Twitter can predict the ups and downs of the stock market, a new study finds. Measuring how calm the Twitterverse is on a given day can foretell the direction of changes to the Dow Jones Industrial Average three days later with an accuracy of 86.7 percent.

“We were pretty astonished that this actually worked,” said computational social scientist Johan Bollen of Indiana University-Bloomington. The new results appear in a paper on the arXiv.org preprint server.

Bollen and grad student Huina Mao stumbled on this computational crystal ball almost by accident. Earlier studies had found that blogs can be used to gauge public mood, and that tweets about movies can predict box office sales. An open source mood-tracking tool called OpenFinder sorts tweets into positive and negative bins based on emotionally charged words.

But Bollen wanted to build a more nuanced emotional barometer. He used a standard psychology tool called the Profile of Mood States, a quick questionnaire that is used frequently in pharmaceutical research or sports medicine.

The original questionnaire asks people to rate how closely their feelings match 72 different adjectives, including “friendly,” “peeved,” “active,” “on edge” and “panicky,” and uses the responses to measure mood along six dimensions: calmness, alertness, sureness, vitality, kindness and happiness.

Continue reading “Twitter as Psychiatric Patient Predicting Stock Market 3-4 Days in Advance w/86.7 % Accuracy”

Where Does the Money Go?

01 Brazil, 02 China, 03 Economy, 06 Russia, 08 Wild Cards, Budgets & Funding, Government, Money, Banks & Concentrated Wealth
http://www.publicagenda.org/wheredoesthemoneygo

The Top Ten Foreign Holders of U.s. Debt in November 2009:

Country Amount

China, Mainland                                                            $789.6 billion
Japan                                                                                 $757.3 billion
U.K.                                                                                    $277.5 billion

Oil Exporters                                                                  $187.7 billion
(including Ecuador,
Venezuela, Indonesia,
Bahrain, Iran, Iraq, Kuwait,
Oman, Qatar, Saudi Arabia,
the United Arab Emirates,
Algeria, Gabon, Libya,
and Nigeria)

Caribbean Banking Centers                                       $179.8 billion
(includes the Bahamas,
Bermuda, Cayman Islands,
Netherlands Antilles,
Panama, and British Virgin Islands)

Brazil                                                                                   $157.1 billion
Hong Kong                                                                        $146.2 billion
Russia                                                                                  $128.1 billion
Luxembourg                                                                     $91.7 billion
Taiwan                                                                                 $78.4 billion

Source: Department of the Treasury/Federal Reserve Board as reported in CRS report The Federal Government Debt: Its Size and Economic Signifcance, Feb. 3, 2010. http://assets.opencrs.com/rpts/RL31590_20100203.pdf.

Transpartisan Dialog on Corporations

03 Economy, 07 Other Atrocities, 11 Society, Advanced Cyber/IO, Civil Society, Collective Intelligence, Commerce, Corporations, Power Behind-the-Scenes/Special Interests, Reform
Michael Ostrolenk Recommends...

Transpartisan dialog on corporate power: Americans as citizens, consumers and employees

I hosted a transpartsian dialog with Lisa Graves, Tim Carney, Arnold Kling and Dean Baker at the “Movement for the People.” conference in Washington DC on January 21st, 2011.  It was quite enjoyable.

Read full report….

See CSPAN3 video here

noble gold