When gas prices were at or near record highs a few months ago in the US, that got people’s attention. What about food prices? Have you noticed them rising? Are you making different choices in the supermarket? If not, it might be because of two things.
One, in America so much of our food is processed, packaged and marketed, that raw commodity prices make up only a fraction of the price of the food we buy. In other countries, especially the less developed ones, an increase in the price of rice or corn can have a major effect on how much a family can afford to eat. Two, Americans spend only 9% percent of their income on food, while millions around the world spend 50-70%. Millions of households now routinely schedule foodless days each week-days when they will not eat at all. A recent survey by Save the Children shows that 14% of families in Peru now have foodless days. India, 24%. Nigeria, 27%.
In his newest book, FULL PLANET, EMPTY PLATES, LESTER BROWN writes,
“The U.S. Great Drought of 2012 has raised corn prices to the highest level in history. The world price of food, which has already doubled over the last decade, is slated to climb higher, ushering in a new wave of food unrest. This year’s corn crop shortfall will accelerate the transition from the era of abundance and surpluses to an era of chronic scarcity. As food prices climb, the worldwide competition for control of land and water is intensifying. In this new world, access to food is replacing access to oil as an overriding concern of governments. Food is the new oil, land is the new gold. Welcome to the new geopolitics of food.”
Q&A: JOHN FULLERTON – Former Managing Director at JPMorgan & Founding Director, THE CAPITAL INSTITUTEWritten on September 18th, 2014
JOHN FULLERTON has spent a career at the highest reaches of the financial world, including as chief investment officer of a division of JP Morgan.
He is the founder and director of Capital Institute, which describes itself as “a non-partisan, transdisciplinary collaborative space, whose mission is to explore and effect economic transition to a more just, resilient, and sustainable way of living on this earth through the transformation of finance.” That’s a big, bold, and daunting mission and I’m eager to learn how they plan to do that and a sense of their progress so far.
JOHN FULLERTON is also principal of Level 3 Capital Advisors, LLC. whose investments are primarily focused on sustainable, regenerative land use, and food, and water issues. Fullerton is the creator of the weekly Blog, “The Future of Finance” on the Capital Institute
In JEREMY SCAHILL’S new best-seller, DIRTY WARS, what begins as an investigation into a US night raid gone terribly wrong in a remote corner of Afghanistan quickly transforms into a high-stakes global investigation into the rise of Joint Special Operations Command, the most secret and elite fighting force in U.S. history. In military jargon, JSOC teams “find, fix and finish” their targets, who are selected through a secret process. No target is off limits for the “kill list,” including U.S. citizens.
It’s the unbounded, unending War on Terror: all bets are off, and almost anything goes. We have fundamentally changed the rules of the game and the rules of engagement. Today drone strikes, night raids, and U.S. government-condoned torture occur, generating unprecedented civilian casualties.
DIRTY WARS reveals covert operations unknown to the public and carried out across the globe by men who do not exist on paper and will never appear before Congress, raising questions about freedom and democracy, war and justice, morality and politics. No matter how little you know about these actions, they are being done in your name,
DIRTY WARS is also a documentary which opens in theaters June 7th.
Free Forum Q&A: TERRENCE McNALLY Turning the tables, my turn to answer Qs interviewed by Sara DavidsonWritten on February 4th, 2014
I am going to take a hiatus from this show in a few weeks, for the first time in 17 years. I need to focus on some other projects, including a book I’m writing, and won’t be able to afford the time to produce and host this show probono.
In anticipation of this upcoming break, I will be the guest this week and SARA DAVIDSON, best-selling author of Loose Change and Leap, whose new book, The December Project will come out in March, will be interviewing me. I’ve long thought it is only fair that I have to answer a few questions and this week it’s going to happen.