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WORLD MARKETS DOWN GOING INTO MONDAY (Wake up the PPT)

http://money.cnn.com/data/world_markets/? Also Finance Ministers Emphasize Food Crisis Over Credit Crisis
By STEVEN R. WEISMAN
Published: April 14, 2008
WASHINGTON — The world’s economic ministers declared on Sunday that shortages and skyrocketing prices for food posed a potentially greater threat to economic and political stability than the turmoil in capital markets.

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The ministers, conferring in the shadow of a slumping American economy that threatens to pull down the economies of other countries, turned their attention to the food crisis and called on the wealthiest countries to fulfill pledges to help prevent starvation and disorder in Asia, Africa and Latin America.

“Throughout the weekend we have heard again and again from ministers in developing countries and emerging economies that this is a priority issue,” said Robert B. Zoellick, president of the World Bank. “We have to put our money where our mouth is now, so that we can put food into hungry mouths. It is as stark as that.” http://www.nytimes.com/2008/04/14/business/14finance.html?_r...



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Remember, now that petroleum

Remember, now that petroleum has competition from bio-fuels, the corporate media is going to constantly make reference to food shortages.

The real problems are soaring fuel costs, a collapsing dollar, and a broken housing market--but watch for those continual reports about "global food shortages". They're going to do their best to mobilize the rube (liberal) public against ethanol and bio-diesel.

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