tv [untitled] March 6, 2011 3:30pm-4:00pm EST
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live from moscow this is our time to recap for you to recap the week's top stories here the fears of foreign intervention involving skolnick where the early capture of british soldiers fault outrage in a foreign presence in the region experts say concern from libya's people but interest in oil is food and some western reactions to the unrest with the u.s. economy already suffering from soaring prices at the pump. clinton also for extra funds to spread the u.s. media message abroad as a growing number of people turn to other countries news outlets to get a fresh view on world events. russia's north fauresmith is about to get
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a major overhaul starting with a dramatic rebranding the service strives to improve its reputation many question however whether the much trumpeted reform will go beyond paper work and cosmetics. well coming up next special report about the demand and supply of the world's food you can find out why millions of people die from hunger each year when there's more than enough to feed the and top that's our special report next on r.t. . was was . the m i had to describe chicago's food market for theater play up was i thought it would be easy to get the necessary information by asking
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a few specialist stockbrokers. who was who 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. again to believe it was something that couldn't be explained or can seems quite human mind therefore it was something absurd the way in which the global grain production was being allocated in comprehensible situations 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 sense of the trying to your bidding a quarter of a cent this will be off half so. was. mr victor lespinasse as a player on the chicago grain barkat. the chicago grain market is different from other stock markets as we know them up here it is. food that is bought and sold wheat corn rice soya all of oil milk animal and trails and even pigs stomachs the five zero zero zero s. might be at the desk in you fiction order into the fifth hotel your broker hooked by. two hundred at the market. will buy the two hundred and then he'll flash you back no brought two hundred and say. seven and
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a half. hour you could say you could tell him cancel the order for us was was were the chicago grain market is the biggest in the world and it sessions largely define the prices of the food we 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. as practice hasn't changed much since then but the economy's ethics definitely have.
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marched down the road to receive meeting of the heads of u.n. agencies time to look crises summit as the world cup's the cost of. our. families. many cases have come to be like any traditional patient from hunger pains could keep me in their tracks and they can see the central plateau and. become useless and since.
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global warming i'm biofuels have been accused of causing the food shortages that led to a dramatic increase in 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 theory 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 wheat by one hundred thirty six percent of corn by a hundred twenty five percent and of soya by one hundred seven percent there is sort of theoretical ways ascribed greed and there's practical ways ascribing to say this capitalism. is certainly a food system which. has always been somewhat corrupt. is now at this point perhaps more crisis and more corrupt than has ever been before and here in history
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. in wealthy 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 i don't know i don't think about that i just i'm trying to figure out what the market's going to do. rather 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 off the 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 people of argue that it's because of increased demand for for meat and dairy products and that's simply not true or separately in negligible consideration. it is because of speculation because it's a commodity that is
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a commodity like light silver or gold it can be here to go shaded and hoarded to some degree and we're seeing that taking place the high rise. is because food has been put on the scene of this building that's not stopping famines we have to bring food out of the international trading system we have to bring food back into national and local food sovereignity. while yet. but. let's just say. that. since.
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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 and malnourishment indicators in india. yet there are more people starving in this country than anywhere else over two hundred million and to complete the paradox they are mostly farmers. falling as well growing off of weight. because grain is being sold to look at the seeds this negative that would call it is the reason behind the world today
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. if you. can. see. the picture. you. can. see things on the mad cow pradesh state has the highest levels of child malnutrition and therefore the country's highest infant death rate. the situation is as critical as a. africa's ethiopia. forty six percent of the two hundred one that is to india this is the being rewarded by the nest and family has been in my good buddy sixty percent and you can convert them into the multiple six minutes that we are more
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thinking about that. so these children have more probability of dying from normandy and fifty percent of the undefined morbidity is going to much. when the price is done but the one p.p.b. to the input sees only it is also has the goods and we decide that it will act on the interim fund something by each family member. 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. there are voluntary workers monitoring the children's weight and health thank you.
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was cool minkoff. and. they are in charge of feeding them since their families are trouper to do so you. know this is a. lot of these children. a mother says she votes in feel good morning she lifted it up will she be better still a little. then we thought we need to complete if we just had a book this is morning i just put the baby in it it could work if you want for. many months or be. it's even quality over the years if you've been in an area and hide this mission be it is actually. moving.
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she had made up about on circumstances in there john that his hundred. indicates that this solace didn't see via the actual market each day and she needs you they were perfect that you are medical treatment. and you believe you will leave the. view. i don't think we should part is how can we get tries 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 ask for
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a loan should they buy bestival should 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 buy with just one sound every. state. when people have a big problem well very warring you can see now people have one two children and they can't even take care of them the children are always hungry this is ration is dramatic. what can the poor do spend money on the tourist feed their children well very worried. that. if i bought more imagine a model of sixty rubles about one euro
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a day. i spend forty eight to forty five rupees a day. about. buying in the market the prices are very high. a kilo of oil costs eighty rupees it is very hard for us to buy it the thought of a few of the five kilos of wheat or sixty rupees. prices have gone up a lot since last year. if there is one person working and we eat twice a day there is nothing left. for lame olive garden we can eat less and less ability but the children can be left without food on a local we're going to lead the way out ahead. a few things other upon a coming a little but it. was
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. 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 good then the 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. and. this is the biggest a provision programme in the world. give me the course of treatment so we have all of the border problem for
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a few million tonnes of you can raise our and work hard all classes sixteen million tons of food goods which makes a full court press when the biggest four greens trading 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 there was greatly reduced we had a universe of food distribution system but b.d.s. the world bank forced us to dismantle it as long as the system wasn't placed the farmers had a guarantee that everyone had to go to affordable food piece of paper ration card because india's i didn't. with that russian pipe you could walk to your corner shop
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and get the money on to the laws of. the world and dismantle that so that the corporations that that's why most people are hundred to leave them fifteen years at all that is seventy percent of children are malnourished well india has appropriate not just 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 have produced the monkeys own person of the purple condition we were in boarding only thirty percent but now we are importing forty seven percent he said both are low but almost say. when food prices rocketed india like other countries limited to its exports in order to feed its own people i will foster
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responsiblities for i want to be. so if the price of the going to sleep in the water we were doing all the measures going for the best i'm going to do the places we're going to go so we really he put a ban on. the export of all rice for some time so that the prices get. 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. was. mr lespinasse
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gambles with firms he buy stones of tonnes of rice and wheat in the future in other words a prize crops that don't get exist gernot trading the actual cash physical grain or trading promises for grain to be delivered a month or six months or twelve months or eighteen months in the future so you might be trading brain that actually exists but you might just as well more often be trading grain that doesn't even exist yet. so you're trading promises and you're trading back and forth and if you make a promise to buy at a certain price at a certain time you can tassel that i sell in that same contract back into the market and that's what happens with most contracts they're never actually delivered upon for traded back and forth and they cancel each other out.
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there in. the needs of garstin and the digital radio in day in intensive no number for the bars to go see displayed in that i must say. most dangerous. radiation that they've existed in the nature. all four of the groups in the vicinity of known differentiated so produce is so much genetic changes including the cancer leukemia. wife team although they may know since they're from. you don't have to have a college degree going to have to bring education to understand if you should read radioactive materials all over somebody's backyard that you've got
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a problem. that. exists nature and discover it's b.c. . the communicate with the wild and lemon. test yourself and become free to. see what nature can give you will not see. on its. are. we here because our country out states. god time is them this is the end belongs to us . it. will be if they are still going to be thinking. and going chosen people will be believe that god is real estate agent say look at this that is this
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wealthy british style side. by side. market finance come to. find out what's really happening to the global economy with much stronger for a no holds barred look at the global financial headlines tune in to cause a report on r g. if. russia would be soon which bryson if you knew about sound from feinstein question.
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