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tv   [untitled]    November 24, 2011 4:30am-5:00am EST

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well back here with r t here's a look at the top stories and breaking news nato troops use tear gas to disperse crowds of serbs refusing to dismantle barricades along cosmo's northern border as ethnic tensions flare up again troops removed the roadblocks that have been mounted since the summer to block qassam authorities from controlling the serb dominated area. moscow warns it could deploy missiles on the borders of the e.u. and pull out of its nuclear arms cut a deal with the u.s. if washington pursues its the fans shield in europe but the white house says it
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will go ahead with its plans. thousands of defined egyptians step out of the earth demands for an end to the country's military role with why bullets having been fired at crowds people remain in top three square following six days of unrest. all those were main stories and years out of top of the were next though are especially poor about how the world is producing more food than ever before but still struggles to feed on its poorest. i had to describe chicago's food market for theater play up was i thought it would be easy to get information by asking
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a few specialized stock brokers. was was was right. but it wasn't like that up none of the people i asked were able to explain the norms the stock market. was was was. i began to believe it was something that couldn't be explained or can seems 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 this way this is self answer this way. this is a service out of the by trying to your bidding a quarter of a cent this would be. was i mr victor lespinasse as a player on the chicago grain bartlett's. chicago gray market is different from other stock markets as we know them. here it is food that is bought and sold wheat corn rice soya olive oil milk animal and fails and even pigs stomachs. i am us might be at the desk when you finish an order into the pit you tell your broker hood by. two hundred at the market. will buy the two hundred and then he'll flash you back in
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a two hundred and say. seven and 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 to find the prices of the food he put on the table every day i was 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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i was with us i i guess . everything has. to sound. like this. solution rests on christensen's skis. this is. what i call a silent tsunami. hitting in one place this is something that knows no borders.
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there will she be meeting of the heads of u.n. agencies to the summit of the world cup's the cost of. how. many cases have come to the light i mean traditionally the tsunami from hunger. could keep me in their tracks because he's essential facts hoax and vegetables trying. to.
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i. think it's like. fifty. thousand others injured and arrested lots bought five rising prices. it was on rest they took my son beats him severely breaking both his legs my son called morkel speaking i saw his dog. thanks.
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to make. 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 out for people. the 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 weeks by one hundred thirty six percent of corn by one hundred twenty five percent and of soya by one hundred seven percent there is sort of theoretical ways ascribed. there's practical ways ascribing to say this capitalism. certainly a food system which. has always been somewhat corrupt. now at this point
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perhaps more prices are more corrupt than ever before in human history. in wealthy countries and 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. 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 off 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 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 everybody's a commodity like light silver or gold that can be negotiated and accorded to some degree and we're seeing that taking place the high ranks of thought is because food has been put on the global scene and this is believed that's massive stuff that's a pan and we have to bring food out of the international trading system we have to bring food back into national and local thoughts of energy. while yet. but. let's get some. sense.
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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 malnutrition and indicators 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. problems while growing up. because grain is being sold to be about the dense look
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at the seeds this negative that would call it is the reason the hunger in the world today. will kill. him if he. isn't a magic president state has the highest levels of child malnutrition and therefore the country's highest infant death rate. the situation is as critical as an africa's ethiopia. but the six percent of the children they have money that is to india and this is the. good but the rest of them because of it in my body sixty
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percent is anything but heard them in the number at about six minutes in the. morning. so these children have more probably by the normans and people under five more but he is given one. when the crisis has gone but the one p.p.b. to the input earlier is also good because i'm going to say about it back on the internals. but 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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but. i think all that. they are in charge of feeding them since their families are too poor to do so you. know this is a people will see that a lot of that is still. a mother city she votes in fees to the morning she left it up till now she'd be better off going to. but there we will need to complete it she just had to purposes morning i just put the baby in a good quantity or board or maybe once or beneath it see if the quality of years of it can inspire fear and hype is british and the it is actually
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. the hundred. branches and their george but his hundred and. that indicates that this oldest you can see via the if you like at least and she needs to show you. that you may be completely. elite you believe. he can. eat you. own part is how can we get tries before five humans if we cost three four rupees now they cost people to sixty rupees how can people buy it. if there is only one person working in the family how can only get so much so what can be people do ask for
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a loan should they buy vegetables should they buy wheat we also need money for doctors don't we need money to go to the mill you did nothing with five kilos of wheat what's going on by with just one salary states. that poor people have a big problem 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 feed their children well very worried. that. i bet monitor
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them all that i get sixty rubles about one euro a day. bigger than if i spend forty to forty five rupees a day. about me. in the market the prices are very high. a kilo of oil costs eighty rupees it is very hard for us to buy it will be 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 have a good again but the children can be left without food with all of the layout ahead . it's just a few things. on a coming a little bit of the. thanks
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. chad. 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 go below little with ninety rupees made by 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. this is the biggest aid provision program in the world. we're made to record the program so we have all the border look for
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a few million tons of you can brace. and more. classes sixteen million pounds of food cribs with me just before. the biggest four greens trading company in the world. 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. writing cheap food to the people was against competition and the free market. as a result the aid was greatly reduced we heading in the business of food distribution system b.d.s. the world bank forced us to dismantle it as long as the system was in place the farmers have a guarantee. everyone had a good feel for the food you piece of paper ration card because india's identity
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got with that russian party could walk to your corner shop and get their money on two pillows for. the world bank dismantle that so that the corporations would get them that's why mobi below one hundred thirty and fifty years ago that's right seventy percent of india's children are malnourished but india has a booklet it's. at the same time the world trade organization convinced india into cancelling the limitations imposed on imports so import of products flooded the market causing considerable damage to india's farming economy. before the movie we were going to do a producing ninety seven percent of the believe in the if you will in boarding only people sent would know we are importing forty seven percent we said we're going to look a little more so. when food prices rocketed india like other
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countries limited to its exports in order to feed its own people i will prosper responsibly these problems. so give them places we can begin to lead in the water we will do all the missions going for this community the places within the country so we very picky put a ban on. that explosive off the base for some time so that the place is a good step. 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 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 if you're not trading the actual cash physical grain you're 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 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 at a certain price at a certain time you can tassel that by by selling that same contract back into the market and that's what happens with most contracts they're never actually delivered upon their traded back and forth and they cancel each other out.
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journey the length of life. the desire for the best of things the hunger that drowns out our inner world. the story of one man who returns home after here's a billion nation. media moms bypass one option. if. he gives it.
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up. in the. next six. months. on. a very warm welcome to you this is your news today protesters on the. streets they have. a decent chance
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a good chance the chance to say it's a good book the status of the human experiments good. business what do you suppose it snows obviously trying local economies and it's arcane things as financial templates. to maintain our confidence in long kids and. wants to be seen trade imbalances recession look between nations close to collapsing us close plans . to fail circlet banks again feel like things the us crash smashed. just like the clubs in athens greece the i.m.f. spokesman just programs increase the total economy.
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most of the. sun is technology innovation all the developments from around russia we've got the future covered.
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