FEBRUARY 23, 2011 Few protesters in the Middle East connect rising food prices to U.S. monetary policy. But central bankers do. By GEORGE MELLOAN In accounts of the political unrest sweeping through the Middle East, one factor, inflation, deserves more attention. Nothing can be more demoralizing to people at the low end of the income […]
THE FEDERAL RESERVE IS CAUSING TURMOIL ABROAD Read More »
Published on Washington Examiner (http://washingtonexaminer.com) By Lawrence Kudlow Feb 2 2011 Did Bernanke and ethanol sink Egypt? Decades of autocratic government and a lack of free elections are, of course, the main drivers of the political upheaval in Egypt. But did the sinking dollar and skyrocketing food prices trigger the massive unrest now occurring in
DID BERNANKE AND ETHANOL SINK EGYPT? Read More »
WASHINGTON TIMES Sol Sanders Archive Tuesday, February 1, 2011 INTELLIGENCE BRIEFING World gone mad: Where’s Uncle Sam just when he’s needed the most? Picture a barred door. On one side is Uncle Sam holding it with bracing shoulder. On the other side are smaller figures pushing, but not too hard, and looking back over
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OBAMA’S BUDGET BLUFF By DICK MORRIS & EILEEN MCGANN Published on DickMorris.com on February 14, 2011 The Obama Administration and its acolytes on the Bowles-Simpson deficit reduction commission are propagating the myth that it is Social Security and Medicare that are driving the deficit over $1.5 trillion. Discretionary spending, they plead, is but a tiny
OBAMA’S BUDGET BLUFF – DICK MORRIS Read More »
INFLATION STATISTICS January 2009 TODAY % chg Source Avg. retail price/gallon gas in U.S. $1.83 $3.104 69.6% 1 Crude oil, European Brent (barrel) $43.48 $99.02 127.7% 2 Crude oil, West TX Inter. (barrel) $38.74 $91.38 135.9% 2 Gold: London (per troy oz.) $853.25 $1,369.50 60.5% 2 Corn, No.2 yellow, Central IL $3.56 $6.33 78.1% 2
INFLATION STATISTICS Read More »
Egypt Turmoil and Our Energy Supply: The Big Picture by Steve Maley (more by this author) Posted 02/03/2011 ET Egypt’s turmoil looms large over the world’s energy markets, but not for the reasons you might think. Egypt currently produces about 750 thousand barrels per day (BPD) of crude oil, which barely covers the country’s growing internal
EGYPT TURMOIL AND OUR ENERGY SUPPLY: THE BIG PICTURE Read More »
JANUARY 22, 2011 Four of every 10 rows of U.S. corn now go for fuel, not food. The global economy is getting back on its feet, but so too is an old enemy: food inflation. The United Nations benchmark index hit a record high last month, raising fears of shortages and higher prices that will
AMBER WAVES OF ETHANOL Read More »
JANUARY 13, 2011 U.S. Cuts Global Grain Supply Outlook; Higher Prices Expected at Grocery Stores By SCOTT KILMAN And LIAM PLEVEN Evidence of tightening global food supplies grew as the U.S. Agriculture Department cut its estimates for global harvests of key crops and raised some demand forecasts, adding to worries about rising food prices. Prices
PRICES SOAR ON CROP WOES Read More »
Published on The Weekly Standard (http://www.weeklystandard.com) The Corn Conspiracy Ethanol is forever. Geoffrey Norman December 27, 2010, Vol. 16, No. 15 The machine was virtually new. I’d run a mere two tanks of gas through it and now the wretched thing wouldn’t start. I’d pulled the starter cord 30 times, or more, and the best
ETHANOL – THE CORN CONSPIRACY Read More »
We are in the final stretch of the 111th Congress. Topping the list of unfinished items are bills funding operations of the federal government for the rest of the year and legislation that will ensure American families and small businesses do not face large tax increases on January 1. The Majority has yet to set
SENATOR BURR COMMENTS ON THE FOOD SAFETY BILL Read More »
