Global Food Prices At "dangerous Levels," Have Jumped 29 Percent In The Past Year, People Hit Hardest In The Developing World (approx. 6 Billion) That Spend As Much As Half Their Income On Food.
Online PR News – 17-February-2011 – – Global food prices have hit "dangerous levels" that could contribute to political instability, push millions of people into poverty and raise the cost of groceries, according to a new report from the World Bank. The bank released a report Tuesday that said global food prices have jumped 29 percent in the past year, and are just 3 percent below the all-time peak hit in 2008. Bank President Robert Zoellick said the rising prices have hit people hardest in the developing world because they spend as much as half their income on food. -- World Bank: Food prices at "dangerous levels," AP, 15 February 2011. 
Stephen M. Apatow, Founder, Director of Research and Development for Humanitarian Resource Institute and the United Nations Arts Initiative.  Leadership initiatives include:
* Global Infrastructure Analysis and Contingency Planning for the Year 2000 Conversion: Url: http://www.humanitarian.net/contingency.html
* America's Action Plan for Community Service: Url: http://www.unarts.org/news/aiie_aapcs1232010.html
* State of the World: The Ultimate Objective: Url: http://www.humanitarian.net/interfaith/studycenter/Omnia_vincit_amor
Summary of discussion points:
-- Leaders have not addressed the cause of the global crisis, the 1999 repeal of Glass-Steagall, coordinated in conjunction with preparation for Y2K.
-- The objective was to open the fed window to investment banks, as global central banks increased liquidity.
-- The repeal of Glass-Steagall opened the door for speculative trading of Y2K central bank emergency funds, coordinated for remediation to prevent an international crisis.
-- In conjunction with the repeal of Glass-Steagall, the Commodities Futures Modernization Act was legislated to further deregulate OTC derivatives, in support of the unregulated shadow banking system.
-- The crisis begins, the tech bubble inflates and crashes following 911, $13 Trillion lost in market, $2000 for every man, women, child on earth.
-- Who was responsible for the repeal of Glass-Steagall and the Commodities Futures Modernization Act?
-- The next phase of the crisis was facilitated by a lack of legal oversight of predatory lending, mortgage and appraisal fraud.
-- Housing related crimes provided the consumer (2/3rds GDP) with cash, while investment banks securitized the mortgages (MBS, CDO instruments).
-- The unregulated shadow banking system grows from $88 Trillion in 1999 to $1.4 Quadrillion in 2006, contributing to hyperinflation that devastated the global humanitarian landscape.
-- In 2008 the global markets crashed, but the hyperinflationary distortions that were exploited on the federal, state, municipal level in the United States (192 UN member countries) were not addressed.
-- The US recession, based on the recession in the housing market that began 06-07, continues to this date (2 quarters neg GDP = Depression).
-- Instead of caring about the victims, who watched their life savings disappear & lives destroyed, household level needs analysis and contingency planning for stabilization was rejected.
-- Instead of restructuring on the federal, state and municipal level, to address the distortions caused by the unregulated shadow banking system, we have chosen to address the crisis through conventional economics.
-- Austerity, cuts to critical infrastructure, education, police, fire dominate the deficit reduction landscape.
-- Instead of stopping investment bank access to central bank loans, following the 2008 crash (that was caused by this variable) fed funds went to zero interest rates in the midst of an economic emergency.
-- Zero interest rate loans from the central banks, traded on margin 1000:1 by investment banks, caused an infrastructure critical commodities hyperinflation crisis.
-- Now commodity hyperinflation, austerity and increased taxes add an additional stress to communities and households in crisis.
-- For the humanitarian relief contingency planner, this nightmare boggles the mind... how many times can you crush the oppressed?
-- Crisis contingencies in the United States must support the household and small business level.
-- For those that cannot pay their bills now, and are facing increased tax burdens, bankruptcy protection remains the a focus for emergency stabilization.
-- The interfaith community must help needy families on all fronts..... unmet needs assessment critical.
Peer reviewed supporting materials are available for all discussion points. For questions or requests for additional information, contact:
Stephen M. Apatow
Founder, Director of Research & Development
Humanitarian Resource Institute
Humanitarian University Consortium Graduate Studies
Center for Medicine, Veterinary Medicine & Law
2. World Bank: Food prices at "dangerous levels," AP, 15 February 2011. Url: http://news.yahoo.com/s/ap/20110215/ap_on_bi_ge/us_food_prices
2. Stephen Michael Apatow: Founder of Humanitarian Resource Institute and the United Nations Arts Initiative. Url: http://www.apatow.org