Showing posts with label World Bank. Show all posts
Showing posts with label World Bank. Show all posts

Wednesday, June 19, 2013

The Effect of Cell Phone Coverage and Political Violence in Africa

English: Motorola L71 (China Mobile customised...
Cell phone use in Africa has increased significantly in recent years; its nearly 649 million mobile users in 2011 made it the second-largest market for mobile phones in the world after Asia.

Furthermore, the continent has the fastest-growing cell phone market in the world, maintaining an annual growth rate of almost 20% since 2007. This has substantially contributed to economic development within the continent as a result of various innovations and improvements, from mobile banking to faster communications between merchants and customers, as the World Bank notes.

In Kenya, the success of the mobile banking system M-pesa has opened the door for a multitude of mobile phone tech startups, prompting some to refer to the country as the “Silicon Savannah.” (It should be noted, however, that mobile phone technology in Africa frequently does not afford robust Internet access, with all its innovation potential.)

The benefits of mobile technology in other regions are widely hailed. The availability of cell phones and use of social media is often credited with playing a key role in the Arab Spring, which toppled dictatorships in Egypt and Tunisia, and sparked protest movements throughout the Middle East and North Africa. Read more >>
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Wednesday, January 2, 2013

World food price surge to spell disaster for poorest

Tasty Food Abundance in Healthy Europe
Next year will prove to be a very difficult one for the hungry. World food stocks have fallen to dangerously low levels.

The UN estimates there will be 5.5% less wheat on the world market in 2013.
If the world experiences another shock, such as the droughts experienced in the US and Russia this year, 2013 could prove to be catastrophic for those who already struggle to feed themselves and their families.

The world's poorest people spend between 50% and 90% of their income on food, compared with just 10%-15% in developed countries.

Even a small price increase will mean families are forced to take their children out of school, sell possessions, or go without vital medicines in order to put food on the table.

Putting a stop to the pending food price crisis requires a radical new approach to the way we grow and manage food. Read more >>
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Wednesday, October 17, 2012

"Food supplies are tightening everywhere”

This image shows all countries classified as &...
This image shows all countries classified as "Food Insecure" by the Food and Agriculture Organization of the United Nations, FAO (Photo credit: Wikipedia)
The Next Food Crisis Will Be Caused By Globalist Land-Grabs and Privatization
Susanne Posel
The UN warns that global food stores like grains are depleting at an expediential rate and when combined with failing harvests, there will be a food crisis in 2013.

The UN Food and Agriculture Organization (FAO) explain that “we’ve not been producing as much as we are consuming. That is why stocks are being run down. Supplies are now very tight across the world and reserves are at a very low level, leaving no room for unexpected events next year.”

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Since 2010, the FAO have stated that the rise in food prices is directly correlated to the 80 million people being added to the world’s population annually. This fact, according to the globalists at the UN, is beginning to “tax both the skills of farmers and the limits of the earth’s land and water resources.”

Added to this problem are the 3 million people who are “moving up the food chain” eating more than their share in gluttonous nations like the United States and China.

The World Bank issued a statement of concern last month for the coming food shortage due to the drought devastating the US and Europe. According to Jim Yong Kim, World Bank group president: “Food prices rose again sharply threatening the health and well-being of millions of people. Africa and the Middle East are particularly vulnerable, but so are people in other countries where the prices of grains have gone up abruptly.” Read more >>
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Sunday, September 2, 2012

Global food prices jump 10% in July

English: Corn pudding
Global food prices have leapt by 10% in the month of July, raising fears of soaring prices for the planet's poorest, the World Bank has warned. The bank said that a US heatwave and drought in parts of Eastern Europe were partly to blame for the rising costs.

The price of key grains such as corn, wheat and soybean saw the most dramatic increases, described by the World Bank president as "historic". The bank warned countries importing grains will be particularly vulnerable. From June to July this year, corn and wheat prices each rose by 25% while soybean prices increased by 17%, the World Bank said. Only rice prices decreased - by 4%.

In the United States, the most severe, widespread drought in half a century has wreaked havoc on the corn and soybean crops while in Russia, Ukraine and Kazakhstan, wheat crops have been badly damaged. The World Bank said that the use of corn to produce ethanol biofuel - which represents 40% of US corn production - was also a key factor in the sharp rise in the US maize price. Read more >>


Thursday, July 19, 2012

World Bank chief warns no region immune to Europe crisis

World Bank President Jim Yong Kim on Wednesday warned that most regions of the world will be hurt by the debt crisis enveloping the euro zone and said it was vital to protect the strong economic gains of the past decade in the developing world.

In his first public speech since taking the helm of the World Bank on July 1, Kim said even if the euro zone crisis is contained, it could still reduce growth in most of the world's regions by as much as 1.5 percent. A major crisis in Europe could slash gross domestic product in developing countries by 4 percent or more, enough to trigger a deep global recession, he said.

"Such events threaten many of the recent achievements in the fight against poverty," he said, noting that over the last decade nearly 30 developing countries have grown by 6 percent or more annually.

Outlining challenges for the global poverty-fighting institution, Kim said his priority was to protect development gains from economic risks, such as the euro zone crisis, which has begun to weigh on growth in large emerging economies like China. Read more >>

Wednesday, June 15, 2011

Food Price Increases Are Changing Global Diets

Rice.Image via WikipediaAlmost two-fifths of consumers surveyed in 17 countries said high food prices have changed their diets, with people in poorer nations hit hardest by increased costs.

More than half said they eat different food than two years ago, mainly for cost and health reasons, according to the survey of more than 16,000 people by Globescan Inc., a Toronto-based researcher, for Oxfam International. Global food prices have increased 37 percent in the past year, the United Nations says.

“Huge numbers of people, especially in the world’s poorest countries, are cutting back on the quantity or quality of the food they eat because of rising food prices,” Raymond Offenheiser, the president of the U.S. affiliate of Oxford, UK- based Oxfam, said in a news release. The results of the survey were released today.

The world’s population is forecast to jump to 9.3 billion in 2050 from an estimated 6.9 billion in 2010, requiring a 70 percent increase in food production, according to the UN. In February, when the rise in food prices peaked, the World Bank said the increased costs had pushed 44 people into “extreme poverty” in a little over half a year. More...
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Wednesday, May 18, 2011

20 Signs That A Horrific Global Food Crisis Is Coming

theeconomiccollapseblog.com

In case you haven't noticed, the world is on the verge of a horrific global food crisis.  At some point, this crisis will affect you and your family.  It may not be today, and it may not be tomorrow, but it is going to happen.  Crazy weather and horrifying natural disasters have played havoc with agricultural production in many areas of the globe over the past couple of years.  Meanwhile, the price of oil has begun to skyrocket.  The entire global economy is predicated on the ability to use massive amounts of inexpensive oil to cheaply produce food and other goods and transport them over vast distances.  Without cheap oil the whole game changes.  Topsoil is being depleted at a staggering rate and key aquifers all over the world are being drained at an alarming pace.  Global food prices are already at an all-time high and they continue to move up aggressively.  So what is going to happen to our world when hundreds of millions more people cannot afford to feed themselves?
Most Americans are so accustomed to supermarkets that are absolutely packed to the gills with massive amounts of really inexpensive food that they cannot even imagine that life could be any other way.  Unfortunately, that era is ending.
There are all kinds of indications that we are now entering a time when there will not be nearly enough food for everyone in the world.  As competition for food supplies increases, food prices are going to go up.  In fact, at some point they are going to go way up.
Let's look at some of the key reasons why an increasing number of people believe that a massive food crisis is on the horizon.
The following are 20 signs that a horrific global food crisis is coming....
#1 According to the World Bank, 44 million people around the globe have been pushed into extreme poverty since last June because of rising food prices.
#2 The world is losing topsoil at an astounding rate.  In fact, according to Lester Brown, "one third of the world's cropland is losing topsoil faster than new soil is forming through natural processes".
#3 Due to U.S. ethanol subsidies, almost a third of all corn grown in the United States is now used for fuel.  This is putting a lot of stress on the price of corn.
#4 Due to a lack of water, some countries in the Middle East find themselves forced to almost totally rely on other nations for basic food staples.  For example, it is being projected that there will be no more wheat production in Saudi Arabia by the year 2012.
#5 Water tables all over the globe are being depleted at an alarming rate due to "overpumping".  According to the World Bank, there are 130 million people in China and 175 million people in India that are being fed with grain with water that is being pumped out of aquifers faster than it can be replaced.  So what happens once all of that water is gone?
#6 In the United States, the systematic depletion of the Ogallala Aquifer could eventually turn "America's Breadbasket" back into the "Dust Bowl".
#7 Diseases such as UG99 wheat rust are wiping out increasingly large segments of the world food supply.
#8 The tsunami and subsequent nuclear crisis in Japan have rendered vast agricultural areas in that nation unusable.  In fact, there are many that believe that eventually a significant portion of northern Japan will be considered to be uninhabitable.  Not only that, many are now convinced that the Japanese economy, the third largest economy in the world, is likely to totally collapse as a result of all this.
#9 The price of oil may be the biggest factor on this list.  The way that we produce our food is very heavily dependent on oil.  The way that we transport our food is very heavily dependent on oil.  When you have skyrocketing oil prices, our entire food production system becomes much more expensive.  If the price of oil continues to stay high, we are going to see much higher food prices and some forms of food production will no longer make economic sense at all.
#10 At some point the world could experience a very serious fertilizer shortage.  According to scientists with the Global Phosphorus Research Initiative, the world is not going to have enough phosphorous to meet agricultural demand in just 30 to 40 years.
#11 Food inflation is already devastating many economies around the globe.  For example, India is dealing with an annual food inflation rate of 18 percent.
#12 According to the United Nations, the global price of food reached a new all-time high in February.
#13 According to the World Bank, the global price of food has risen 36% over the past 12 months.
#14 The commodity price of wheat has approximately doubled since last summer.
#15 The commodity price of corn has also about doubled since last summer.
#16 The commodity price of soybeans is up about 50% since last June.
#17 The commodity price of orange juice has doubled since 2009.
#18 There are about 3 billion people around the globe that live on the equivalent of 2 dollars a day or less and the world was already on the verge of economic disaster before this year even began.
#19 2011 has already been one of the craziest years since World War 2.  Revolutions have swept across the Middle East, the United States has gotten involved in the civil war in Libya, Europe is on the verge of a financial meltdown and the U.S. dollar is dying.  None of this is good news for global food production.
#20 There have been persistent rumors of shortages at some of the biggest suppliers of emergency food in the United States.  The following is an excerpt from a recent "special alert" posted on Raiders News Network....


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Sunday, January 2, 2011

Commodity price surge sets stage for global food crisis in new year

Barry Grey
The price of traded food staples such as wheat, corn and rice soared 26 percent from June to November, nearing the peaks reached during the global food crisis of 2008, according to the Food Price Index kept by the United Nations' Food and Agriculture Organization.

The price surge has continued in December, with foodstuffs and basic commodities hitting new highs and expected to climb further in 2011.

The new explosion in commodity prices is being fueled by the cheap credit policies of governments and central banks in Europe, Japan and, above all, the United States, where core short-term interest rates remain near zero. These policies, most critically the renewed turn by the US Federal Reserve to so-called “quantitative easing,” are designed to boost national stock markets and business profits by providing the banks and corporations with virtually free credit.

The Federal Reserve in November announced that it would purchase $600 billion in US Treasury securities by, in effect, printing dollars. This cheap-dollar policy has the effect of debasing the world’s primary trading and reserve currency, thereby fueling inflationary tendencies around the world and increasing the flow of hot money to emerging economies with faster growth and higher interest rates.

The impact is vastly destabilizing and exacerbates global economic imbalances. It also provides banks, hedge funds and corporations with wide vistas for speculation on commodity prices.

In the US alone, corporations and banks are sitting on some $3 trillion in cash which they refuse to invest in production and hiring. A good portion of the global surfeit of cash is being used to ramp up the prices of commodities―from oil, copper, cotton, gold and silver to food staples such as wheat, corn, rice and soybeans. More...

Friday, April 2, 2010

What Obama's New ‘Soviet-Style’ Capital Controls mean for the Near Future

New Obama Law Places ‘Soviet-Style’ Capital Controls on Americans

By 21stcenturywire

By Patrick Henningsen
21st Century Wire Managing Editor

Americans’ ability to move their money across international borders may become restricted thanks to new legislation passed last week. Buried within Obama’s recent $17.5 billion “H.I.R.E.” Hiring Incentives to Restore Employment Act (H.R. 2487) is a new U.S. Federal restriction on any foreign holdings which exceed the meager amount of $50,000 and leaves the door open for a new 30% transaction or ‘holdings’ tax to be enforced by the IRS. The new law amounts to an unprecedented extension of the US Government into the global sphere.

Why has the White House and its Federal Government decided passed such a law now? We should start by considering the big picture. The ramifications of this new under-the-radar federal move are large and far-reaching. Concerned readers would do well here to question both the fundamental and practical aspects of such a law. Consider for one moment the letter of the law- or the figure of $50,000. For extremely high net-worth individuals, this new regulation over their personal freedom amounts to a mere ’speed-bump’ in financial terms. With their money buried securely into property, foreign investments and strings of shell companies and complexed funds, financial elites will find this new super socialist state control affects only minor liquid cash amounts, or ‘pocket-money’. For the middle class or small investor, the picture is quite different. Fast-forward 12 or 18 months into the future where rising inflation and a severe devaluation of the dollar may occur. The ability for a middle class American to migrate his or her savings into the relative safe haven of a foreign currency or overseas investment is now controlled by the United States Federal Government.

Economists and historians will note that such “Capital Controls” are part and parcel of super-socialist states like the Soviet Union and its former satellite states. Even today, it’s common practice for struggling socialist governments located in regions like South America, Central America and Africa to impose periodic restrictions on cash leaving those countries- a sure sign of a currency and economy in decline. This practice also characterizes foreign states who are under the economic restructuring administration of the International Monetary Fund (IMF). One could also speculate that such restrictions imposed on Americans would certainly pave the way for a future IMF-type administration of the USA, making it markedly easier to manage for the World Bank.

Putting all speculation aside though, this new law amounts to a dangerous precedent where the Federal Government can, with the full enforcement of the IRS, lay down Capital Controls on any dollar amount- regardless of its size. In the event of a US currency devaluation(see US ‘Bank Holiday’) of the dollar, the said figure in the new bill- $50,000, could become a rather nominal sum amounting to only 2/3’s or 1/3 of it’s previous value. Do not count on the Federal Government to adjust its printed figure of “$50,000″ for inflation or devaluation, leaving a Capital Control on relatively smaller holdings, leaving no safe haven for the average American.

Throughout history, in countries where such Capital Controls are administered by the state, large black market cash courier industries have thrived. When a foreign currency is difficult or illegal for local citizens to acquire, they will either pay a tax to the government or a smaller black market premium to acquire it. If government transaction taxes are high enough(like the new 30% tax set by US law), punters may opt the black market. This certainly was the case in fledgling socialist countries like Italy in the 1960’s where organized networks of independent couriers amassed large fortunes by smuggling cash over the border. Of course, new border restrictions and TSA surveillance technologies will make it almost impossible for an individual to move substantial amounts of cash through airports. Through color of law, such activities might already be considered illegal and deemed as tax evasion by the IRS. Read a full analysis on Obama’s new law here, courtesy of our friends at Zero Hedge:

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Wednesday, October 14, 2009

IMF Official Gunned Down

IMF ProtestImage by Cosmic Smudge via Flickr

An IMF official, Ashoka Mody, was gunned down in front of his home and is in critical condition. If this were a professional hit, Ashoka Mody would be dead. The Police haven't ruled out random robbery, but I don't believe in coincidences.

Mody also worked for the World Bank and wrote op-ed pieces on Hungary, Lithuania and Estonia. Recent leaked reports indicated Sweden is bracing for a full-blown economic and political "breakdown" in Latvia.

"The Svenska Dagbladet newspaper said Sweden's finance minister Anders Borg had told banks secretly that Latvia's political order was unravelling, advising them to prepare for the collapse of Latvia's rescue talks. Latvia has failed to deliver draconian spending cuts agreed to secure the next tranche of its €7.5bn (£6.85bn) bail-out from the EU, the International Monetary Fund, and Sweden, balking at 20pc cuts in pensions and a further 15pc cut in public wages."

Bloomberg reports Ashoka Mody, an assistant director of the International Monetary Fund’s European department, was in critical condition today after he was shot in the garage of his Bethesda, Maryland home last night, police said.

Mody, an economist originally from India, has worked at the IMF for eight years and is mission chief to Germany and Ireland, spokeswoman Jennifer Ann Beckman said in an interview.

“He remains hospitalized and is in critical condition,” Captain Paul Starks, a spokesman for the Montgomery County Police in Rockville, Maryland, said in an interview. “The suspect remains outstanding. We’re looking at a lot of possible different motives at this point,” he said. “It could have been an attempted robbery and it could have been something worse.”

Police are looking for a man who was wearing a mask and was inside Mody’s garage when the IMF official arrived in his car, Fox News reported today. Mody, 53, was shot while still inside the car, Fox News said.

The IMF’s Beckman said she didn’t know whether Mody’s current position involves work on other European countries. The IMF Web site shows that in 2006 and 2007, he wrote op-ed pieces or letters to the editor on countries such as Hungary, Lithuania and Estonia. Before joining the IMF, Beckman said, Mody worked at the World Bank.
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Friday, October 2, 2009

Journalist Throws Shoe at IMF Director During Speech



A protester threw a shoe at the director of the International Monetary Fund at the end of his speech at a university on Thursday in the prelude to I.M.F. and World Bank meetings in Istanbul. Another illustration of the brewing anger over elitist global banking policies, and ominous signs of things to come.