Global Economic Crisis:World Bank Financial Report Grim.

Developing nations are facing a massive financing shortfall of up to $700 billion this year as private investment evaporates and global trade collapses, threatening to return many countries to the days of heavy reliance on foreign aid, the World Bank warned yesterday.This could have dire consequences as US & Europe generosity decreases.....

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The global food crisis: Stop putting corn in your gas tank.

According to The Guardian, the World Bank reveals , in a secret report, that the use of biofuel ( mainly ethanol from corn) forced global food prices up by 75 %, instead of the 3 % previously indicated by the Bush Administration.
The report was not released to avoid " embarrassing President Bush " said a World Bank senior official. If you want 200 million people to starve keep putting corn in your gas tank.

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" The World is entering a danger zone"

According to the World Bank president Robert Zoellick,ahead of the Japan's G8 summit, is urging world leaders and oil producers " to act now to address the man made catastrophe " caused by soaring food, commodities and oil prices. This blog contains the direct link of the letter sent by Zoellick to Prime minister Fukuda and the other G8's leaders.

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World Bank secret report: biofuel caused food crisis

At least according to The Guardian. The use of biofuel forced global food prices up by 75 %, instead of the 3 % previously indicated by the Bush Administration. The report was not released to avoid " embarrassing President Bush " said a World Bank senior official. If you want 200 million people to starve keep putting corn in your gas tank.

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