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...Such aid is a stopgap solution to problems that have been brewing for years, but have only recently gone critical due to several complex factors: soaring oil prices; massive amounts of farmland diverted into producing biofuels; and crop failures from freak weather, including droughts in Australia and Europe and last month's cyclone in Burma (Myanmar). At the same time, millions of people in China and India can now afford to buy more food and eat more grain-fed meat, causing world food demand to soar...

Author: /time Magazine | Title: Food Prices: Hunger Strikes | 6/5/2008 | See Source »

...spend 10% of their annual budgets on agricultural development; few of the 53 member nations have consistently met that target. "We have been warning of the dangers for a long time," says Simon Scott, head of statistics for the OECD, which has tracked how several African countries have gone from being food exporters in the 1980s to relying heavily on foreign food aid today. In short, the world is suddenly hungry because of decades of neglect. "It is as much a question of complacency as anything else," says Charles Riemenschneider, head of the FAO's Investment Center in Rome...

Author: /time Magazine | Title: Food Prices: Hunger Strikes | 6/5/2008 | See Source »

...from miracles, but from markets. Farmers worldwide are responding to higher prices by boosting output. The FAO predicts that European countries, as well as India and China, will increase harvests this year. As the world begins growing more food, inflation is expected to ease. But the bountiful days are gone. Over the next several years, "food prices are likely to be 30 or 40% higher than they were at the beginning of this century," says Steve Wiggins, rural-policy researcher at the Overseas Development Institute in London. For the world's impoverished masses, who already spend most of their earnings...

Author: /time Magazine | Title: Food Prices: Hunger Strikes | 6/5/2008 | See Source »

...Committee sent a survey at the beginning of the year, Moore received strong support from students who had to choose from a list of approximately 50 names. “It’ll be great for men and women to kind of understand the struggles that have gone on in the past,” said Michon M. Pinnix, who serves on the Business School’s Class Day Standing Committee. “It’s a really nice way to cap off my experience.” —Staff writer Kevin Zhou...

Author: By Kevin Zhou, CRIMSON STAFF WRITER | Title: Time CEO Will Address HBS Class | 6/4/2008 | See Source »

...been almost a decade since the Ibar became a de facto border between Mitrovica's Serbs and its ethnic-Albanians, and the two communities have effectively gone their separate ways. South of the river, a burgeoning population of ethnic Albanians is building one of the largest new towns in the newborn state - new kitchen appliance shops and cinemas are popping up to cater to the needs of a growing white-collar population. North of the river, Belgrade is doing its best to shore up the Serb community, doubling the salaries of civil servants who agree to stay on. "Belgrade will...

Author: /time Magazine | Title: Almost Mellow at Kosovo's Front-Line Cafe | 6/4/2008 | See Source »

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