tv [untitled] March 4, 2011 1:30pm-2:00pm EST
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the case we go to the grand imperial should the torch was to close coromandel you can a with a tell close listener who took civility to go and. read this and the colonel was total retreat. this is r.t. from moscow let me take you through our top stories european powers turned their back on a bomber and his supporters after the u.s. president refuses to rule out military intervention in libya gadhafi forces continue meantime to hammer opposition held cities as the country time is on the brink of civil war. british p.r. firms come under fire for devising some of the world's most controversial regimes experts say a lack of regulation means spin doctors can cash in on the rest griffin the arab world. and six space one sit down for a stellar examine the region to prove they've got the right stuff to lead the next
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mission to the i.s.a.'s. back up crew preparing for launch at the end of the. call of more of those stories for you in full in thirty minutes time twixt now and then a special report for you but the demand and supply of the world's food so important find out why millions of people die from hunger every year when i want a clean there's more than enough to feed the entire planet. was . the m i had to describe chicago's food market for theater play up was i thought it would be easy to get serry information by asking
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a few specialized stock brokers. was was was. but it wasn't like that up none of the people i asked were able to explain the norms that rule the stock market. was was was. i began to believe it was something that couldn't be explained or conceived by the human mind therefore it was something absurd the way in which the global grain production was being allocated was simply in comprehensible situation unbearable to everyone save a bunch of profiteers. was us.
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this is by answer this way this is self answer this way. this is a curve south of the pipe trying to your bidding a quarter of a sense of the author. was. mr victor lespinasse as a player on the chicago grain markets. the chicago grain market is different from other stock markets as we know them well i'm here it is. food that is bought and sold wheat corn rice soya all of oil and milk animal entrails and even pigs stomachs face one oh s. might be at the desk and you fiction order into the pill you tell your broker ha buy. two hundred at the market. we'll buy the two hundred and then he'll flash you back. two hundred and say. seven and
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a half. hour you can say you could tell him cancel the order for us was was was the chicago grain market is the biggest in the world and it sessions largely to find the prices of the food he put on the table every day was it was created in eight hundred forty eight as an open and loud auction where the area's farmers would sell their crops to merchants. this practice hasn't changed much since then but the economy's ethics definitely have.
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global warming and biofuels have been accused of causing the food shortages that led to a dramatic increase and prices. unpredictable droughts have destroyed rice and wheat crops while a big part of the u.s. corn harvest is turned into fuel for cars and not for people. a classic fieri of supply and demand offers a limited explanation as to why over the course of two years the prices of rice have gone up by two hundred seventeen percent of weeks by one hundred thirty six percent of corn by one hundred twenty five percent of soya by one hundred seven percent there are sort of theoretical ways ascribing to say it's greed and there's pathways ascribing to say this capitalism. certainly a food system which. has always been somewhat corrupt and. this point fraps more prices and more corrupt than before in human history. in wealthy
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countries an increase in food prices means more expensive products in the supermarket however in poorer nations it means hunger and death as most people cannot afford them. i don't know that's that doesn't enter into my thinking and i don't know i don't think about that i just unfriend a figure out what the market's going to do. whether it was logical or not to me is beside the point. because what counts to me is what is the market's reaction going to be because i'm a speculator i'm trying to make money. the movement in the price of grain.
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prices maybe may have become a little. may have become too extended but the market acts really quite rationally it just takes some time for that rationality to come to fruition and to correct. until the market was corrected another seventy five million people were added to the list of the planet starved raising the total number to nine hundred twenty three million. and this happens at a moment when there is more production than ever in the last decade and there is still enough food to properly feed all the inhabitants of this planet or people have argued that it's because of increased demand for for meat and dairy products and india and china that's simply not true or superficially a negligible consideration. it is because of speculation because it's
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a commodity that is a commodity like like silver or gold that can be negotiated and hoarded to some degree and we're seeing that they can place the high winds that. is because food has been put on the public scene of this elite that's not stopping that's fine and we have to bring food out of the international trading system we have to bring food back into national and local food soften it and. why not. suspects. that's. what. it's.
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called. india is the world's second biggest rice producer following china it is also third in terms of wheat production. so it would be expected to find low hunger amount in the caterers in india. yet there are more people starving in this country than anywhere else over two hundred million pounds to complete the paradox they are mostly farmers. follows one growing off. because grape is being sold to the chemicals and seeds this negative that we call it is the reason the world.
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imagine has the highest levels of child malnutrition and therefore the country's highest infant death rates. the situation is as critical as an. africa's ethiopia. but to six percent of the children we have one that is to india and this is the being deported but then there's the family friends of the in my group of the sixty percent and you can convert them into you know what about six minutes in the.
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morning. so these children have moved probably going to normandy i'm fifty it wasn't under flame or to be the cause of much. in the crisis has done but the one p.p.b. it's the bush he's really and it's also has because i'm going to say got it back on the. simpson bike each time we met but. dr van den i go well works for unicef. the organization has set up feeding centers in cities and villages in collaboration with the government. and you cannot. help there are voluntary workers monitoring the children's weight and health thank
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you. that. was think off topic that. they are in charge of feeding them since their families are too poor to do so you. know this is. still. a mother city she votes in fees today morning she left it up till now she'd be better to sell it. but. there we will need to complete it she just had to but this is morning and it's just the baby in that it could work a deal for. nineteen months or be. if it's easy to live here a bit since last year and i was finishing the it is actually. moving
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. up i'm circumstances in there john but his hundred of that indicates that this child is in c b a the if you like that he. and she needs to show you. that you own medical treatment. to leave you for giving me the. leak you. parties how can we get tries before five queues of which cost three four rupees now they cost fifty sixty rupees how can people buy it. if there is only one person working in the family how he can only get so much so what can the people do you ask for
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a loan should they buy vegetables should you buy wheat we also need money for doctors don't we need money to go to the mill you do nothing with five kilos of wheat what can one by with just one sound very. stiff you. that poor people have a big problem real very worried you can see now people have one two children and they can't even take care of them the children are always hungry the situation is dramatic. what can the poor do spend money on doctors not feed their children well very worried. that. i bet more limited amount of sixty rubles about one euro
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a day. bigger than i spend forty to forty five rupees a day. out. in the market the prices are very high. a kilo of oil costs eighty rupees it is very hard for us to buy it five kilos of wheat or sixteen rubeus. prices have gone up a lot since last year. if there is one person working in riyadh twice a day there is nothing left. we can eat less a little bit again but the children can be left without food on a little volatile of the head. a few things other than a coming a little bit of. six
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weeks. the residents depend on the state for food. in every town and village little state shops have been set up selling food at very low prices google no little with ninety rupees we buy thirty five kilos of food and we get along with that we go to the shop with our family coupon and they give us the equivalent amount. which. this is the biggest aid provision program in the world. we're made to the corporate government so we have already bought the good looks of comedian comes over you can
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trace our war and work on all classes sixteen million pounds of food cribs rhythmix for go pers are going to be the biggest for greens grading company in the . in one thousand nine hundred seven india was forced to adapt its national provision system to the commands of the world bank and the world trade organization. providing cheap food to the people was against competition and the free market. as a result of beard was greatly reduced we heading in the business of food distribution system the p.d.s. the world bank forced us to dismantle it as long as the system was in place the farmers had the guarantee much. everyone for the cattle to afford the food piece of paper ration card because india's identity up with that ration card you could walk
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to your point to shop and get the one to kills. the world bank dismantle that so that the corporation. that's what most people like hundred thirty and fifty years ago that is like seventy percent of children are malnourished but india has a good trick let's. look. at the same time the world trade organization convinced india into cancelling the limitations imposed on imports. so important products flooded the market causing considerable damage to india's farming economy. before we were going to seeing ninety seven percent of the total and yet in boarding only people sent but now we are importing forty seven percent said with gentle buffalo almost sorry. when food prices rocketed india like other countries limited to its exports in
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order to feed its own people i will cross the responsibly because probably won't be so if the price is going to kind of lead into war we will do all the measures going for this community of places begin to complete so we think he put a ban on. that export off base for some time so that the prices get stable. this provoked the wrath of the world trade organization which accused the country of causing a lot of damage to the free market and i thought it was an utterly illogical decision was a very bad decision in a world where free trade is is always trying to grow and the world is smaller and trade is becoming freer i think that the process that india adopted was really. quite illogical.
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mr lespinasse gambles with foods by styles of tonnes of rice and wheat in the future in other words he buys crops that don't get exist you're not trading the actual cash physical grain you're trading promises for the grain to be delivered a month or six months or twelve months or eighteen months in the future so you might be trading grain that actually exists but you might just as well more often be trading grain that doesn't even exist yet so your trading promises and your trade him back and forth and if you make a promise to buy of a certain price at a certain time you can cancel that by selling that same contract back into the market and that's what happens with most contracts are never actually delivered upon perpetrated back and forth and they cancel each other out.
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for sure is that so much of an oldish use reason to share the price and find that the more western world clamoring for change around the globe people are protesting against governments and can a self defined democratic west learn. download the official antti have to kaixian phone on i pod touch from the i choose ops to. launch on sea life on the go. video on demand for oxys minefield costs an r.s.s. feeds now in the palm of your. question on the com wealthy british science. is not on.
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the. market finance come to find out what's really happening to the global economy with months cars are no holds barred look at the global financial headlines tune into cars a report on our cheap. lives up to spain to the currency and republic. the center of russian defense production. the finale was he heads to central russia . the crops of become an industry. cut a harsh winter makes forced even more enjoyable to come where everyone can train to be a stump none. of the young or small rich. russia close up on oxy.
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