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Why Are Food Prices Rising So Fast?

June 24, 2011 Comments off

theeconomiccollapseblog

If you do much grocery shopping, you have probably noticed that the cost of food has been rising at a very brisk pace over the past year.  So why are food prices rising so fast?  According to Federal Reserve Chairman Ben Bernanke, inflation is still very low and the economy is improving.  So what is going on here?  When I go to the grocery store these days, there are very few things that I will buy unless they are on sale.  In fact, I have noticed that many of the new “sale prices” are the old regular prices.  Other items have had their packages reduced in size in order to hide the price increases.  But with millions of American families just barely scraping by as it is, what is going to happen if food prices keep rising this rapidly?

The food prices are especially painful if you are trying to eat healthy.  Most of the low price stuff in the grocery stores is garbage.  Eating the “typical American diet” is a highway to cancer, heart disease and diabetes.

But if you try to stick to food that is “healthy” or “organic” you can blow through hundreds of dollars in a heartbeat.  In fact, the reality is that tens of Read more…

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US not ready for WMD attack, report says

June 24, 2011 Comments off

thehill.com

The United States is unprepared for an attack involving weapons of mass destruction, according to a report by the Commission on the Prevention of Weapons of Mass Destruction Proliferation and Terrorism.

The report, and the commission’s prediction that it is “more likely than not” that a WMD will be used by terrorists by the end of 2013, were the principal topics at Thursday’s joint subcommittee hearing of the House Homeland Security Committee on the Weapons of Mass Destruction Prevention and Preparedness Act of 2011.   Lawmakers discussed the commission’s statement, made in a prior report, that “Unless the world community acts decisively and with great urgency, it is more likely than not that a weapon of mass destruction will be used in a terrorist attack somewhere in the world by the end of 2013.”

Rep. Dan Lungren (R-Calif.), chairman of the subcommittee Read more…

Thousands flee homes as floods hit Philippines

June 24, 2011 1 comment

gulf-times

Filipinos use a makeshift raft to ferry residents in a flooded community in Quezon City, east of Manila yesterday. Thousands fled their homes and seven fishermen went missing as rains brought by tropical storm Meari triggered flooding in the eastern Philippines provinces

Thousands of people fled their homes and seven fishermen went missing as rains triggered flooding in the eastern Philippines, officials said yesterday.
Seven fishermen aboard three motorboats went missing at sea in the eastern province of Catanduanes, 360km south-east of Manila, Police Inspector Ayn Nutuel said.
More than 36,000 people were evacuated from their houses in nearby Albay province because of flooding brought by rains from Tropical Storm Meari, provincial Governor Joey Salceda said.
At least 26 domestic flights in Manila have been cancelled because of the bad weather, which began affecting the country on Tuesday and was expected to generate more rains in large parts of the country until the weekend.
The weather bureau said Meari, with maximum sustained winds of 65km per hour and gusts of up to 80kph, was located yesterday morning 270km north-east of Catanduanes province.
The bureau urged residents in low-lying areas to be on alert for flashfloods and landslides.
Meanwhile, tropical storm Haima hit land in southern Read more…

China’s Growing Military Muscle: A Looming Threat?

June 24, 2011 1 comment

npr

Stonecutters Island army base in Hong Kong opens to the public once a year as a goodwill gesture. Displays include kung fu demonstrations and shows of knife-fighting skills.

This month, NPR is examining the many ways China is expanding its reach in the world — through investments, infrastructure, military power and more.

At the Stonecutters Island army base in Hong Kong, camouflage-clad Chinese soldiers lunge forward with fierce yells, making stabbing motions with their daggers. There’s a communal shout of admiration from the crowd watching the display on the army’s home territory, which is opened up once a year to the public as a goodwill gesture.

Evolving Military Technology

China is pouring money into its military forces — retrofitting ships, building stealth airplanes and developing advanced weapons technology. Below Read more…

Five Russian scientists who helped Iran with nuclear secrets were among 45 killed in plane crash

June 24, 2011 1 comment

dailymail

Five Russian scientists who died in a plane crash on Tuesday had been helping Iran with nuclear secrets, it has been revealed.

They were among 45 killed when the plane’s lights failed in heavy fog and careered into a motorway before bursting into flames – leading conspiracy theorists to believe it was a deliberate plot to kill the nuclear experts.

Russian security sources confirmed that the dead scientists worked at the controversial Bushehr nuclear plant on the Iranian Persian Gulf.

Killed (l to r): Three of the five Russian scientists who died in a plane crash were named as Sergey Ryzhov, Gennady Banyuk and Nikolay TrunovKilled (l to r): Three of the five Russian scientists who died in a plane crash were named as Sergey Ryzhov, Gennady Banyuk and Nikolay Trunov. All had worked at Iran’s controversial Read more…

Land splitting creates panic in Uttar Pradesh State of India

June 24, 2011 Comments off

thewatchers.adorraeli.com

Indian scientist in the United States has cautioned that mysterious long widespread cracks observed in several places in the Indo-Gangetic plains could be due to motion of a massive granitic body underneath. Ramesh Singh, who had extensively studied the seismology in that region, said in a statement as concern mounted over cracks being formed in several districts of Uttar Pradesh. “It is my sincere appeal to the government of India to monitor seismic activities in the area...

Indian scientist in the United States has cautioned that mysterious long widespread cracks observed in several places in the Indo-Gangetic plains could be due to motion of a massive granitic body underneath. Ramesh Singh, who had extensively studied the seismology in that region, said in a statement as concern mounted over cracks being formed in several districts of Uttar Pradesh.

It is my sincere appeal to the government of India to monitor seismic activities in the area before any major disaster takes place.” Ramesh Singh said.”If the orientations of such long cracks are in the east-west direction, then the cracks could be due to stress on the surface of the earth due to motion of this massive craton (granitic body) which is exposed near Jhansi.”

Singh, who was a senior professor at the Indian Institute of Technology Kanpur (IIT-K), is now Read more…

Russia, China Will Trade In Rubles,Yuan

June 24, 2011 Comments off

rian

Russian Central Bank

Russian Central Bank

Russia and China will switch to trade in rubles and yuan to boost bilateral trade and economic cooperation, following an agreement signed between the central banks of both countries, Russian Central Bank Deputy Chairman Viktor Melnikov said on Thursday.

“This agreement allows for settlements through Russian and Chinese banks not only in the freely convertible currencies but also in the yuan and the ruble,” Melnikov said.

Russia and China have also agreed to boost bilateral trade from $60 billiion in 2010 to $100 billion by 2015 and to $200 billion by 2020, Melnikov said.

People’s Bank of China Deputy Chairman Ma Delun said the agreement would give the two nations the opportunity to increase the value of deals in their national currencies and “help bring them closer to international reserve currencies.”

The deal will also help Russia and China reduce foreign exchange risks and currency conversion costs, Ma and Melnikov said

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