September 29, 2007

NYT: Soaring Food Prices

The New York Times focuses on the rising cost of food causing a reduction in the amount of food the United States can afford to buy for foreign aid.
Soaring food prices, driven in part by demand for ethanol made from corn, have helped slash the amount of food aid the government buys to its lowest level in a decade, possibly resulting in more hungry people around the world this year.

If our government would stop subsidizing ethanol, perhaps things wouldn't be getting so bad.

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