Skip to main content

tv   [untitled]    November 24, 2011 7:30pm-8:00pm EST

7:30 pm
very welcome to new warm welcome news uncommon live from moscow we go now to our live pictures in egypt we have a thousands defiantly remaining in tahrir square in egypt for a seventh day of protests egypt's military rulers say that they're sorry for the deaths of almost forty demonstrators told in the worst clashes since february as revolt public anger shows no sign of decreasing. arab foreign ministers are also in cairo but it syria not egypt that's on their agenda as they threaten damascus with
7:31 pm
further sanctions meanwhile france proposes to establish so-called humanitarian corridors in syria to get aid to areas under attack from state forces a strong echo of the pretext under which the no fly zone was established over libya . last russia stresses it's not going to stop the reset of ties with the last will halt nuclear disarmament and deploy rockets on its orders if washington establishes its missile shield in europe and moscow is seeking a written legal guarantees that the shield will not be directed against it a washington refuses to put its verbal assurances in writing now on our t.v. our special report about how the world is producing more food than ever before but still struggles to be the planet's poorest not least because of the role of big businesses are one of dying in abundance is coming up next. was
7:32 pm
the book i had to describe chicago's food market for theater play was i thought it would be easy to get the events serry information by asking a few special i spoke to first. who was was. hopeless. but it wasn't like that. none of the people i asked were able to spin the norms that rule stock market. was. was. i began to believe it was something that couldn't be explained or can seems quite human mind therefore it was something observed the way
7:33 pm
in which the global grain production was being allocated was simply in comprehensible situation unbearable to everyone save a bunch of profits here sixth. was us. this is buying things or this way this is selling hands or this way. this is a curve south of the by trying to your bidding a quarter of a cent this would be off. was. mr victor lespinasse as a player on the six how the brain walk it's. the chicago grain market is different from other stock markets as we know them. here it is food that is bought and sold wheat corn rice soya all of oil milk animal and fields and even pigs stomachs.
7:34 pm
might be at the desk when you finish an order into the pit you tell your broker hook up by. two hundred at the market. will buy the two hundred and then he'll slash two back in the two hundred and say. seven and a half. so or you could say you could tell him cancel the order. thank you thank the group thank god thank you chicago is the biggest in the world and it's. put on the table every day who
7:35 pm
grew up that it was created. as an open. areas farmers. merchants. hasn't changed much since then but. definitely. thank.
7:36 pm
you. u.n. agencies turned into a crisis summit as the world notes the cost of. how .
7:37 pm
many cases have come to be my traditional. hunger pains me. to come from the central plateau out and trying. to live. these. dolls are losing jobs resting lives spots rising food prices. because all the rest of it took my son beats him severely breaking both his legs my
7:38 pm
son called walk or speak now my son is dying. global warming and 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 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 wheat by one hundred thirty six
7:39 pm
percent of corn by a hundred twenty five percent and of soya by one hundred seven percent there's sort of theoretical ways ascribe you to say it's greed and there's graduates describing to say this capitalism. is certainly a food system which is has always been somewhat corrupt and is now at this point perhaps more crisis and more corrupt there's ever been before here but 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. 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
7:40 pm
a speculator i'm trying to make money off the the movement in the price of grain. 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
7:41 pm
still enough food to properly feed all the inhabitants of this planet and people have argued that it's because of increased demand for for meat and dairy products and china that's simply not true is superficially a negligible consideration. it is because of speculation because it's a commodity that food is a commodity like light silver or gold they can be negotiated and hoarded to some degree and we're seeing that taking place the high rise of what is because food has been put on the scene of this will lead to that's not stopping that's famines we have to bring food out of the international trading system we have to bring food back into national and local for itself and if you.
7:42 pm
are yet. let's see. let's. say. that. since. 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.
7:43 pm
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. follows what growing up. because great is being sold to the chemicals and seeds this negative that the culture as i call it is the reason behind the words. of. a couple. of six. people. in. the mad cow protest
7:44 pm
state has the highest levels of child malnutrition and therefore the country's highest infant death rate. the situation is critical as an african ethiopia. but the six percent of the children they have money that is to india and this is them being deported but the next the family has something in most people these sixty percent and you can convert them into a number at about six minutes you know. one thinking about that. so these children have more probability of dying from the moment and fifty percent of the undefined more to be in the month. when the crisis has done but we want to be bits of it but he's only and he's also has the goods and we decide that it impacts on the internal consumption by each family member.
7:45 pm
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 volunteer workers monitoring the children's weight and health thank you. thank. god i think all. they are in charge of feeding them since their families are too poor to do so you. know this is a people see that a lot of his children. i mostly she votes in feel good morning she lifted it up will she be better still
7:46 pm
a. so there we thought we need to complete it she just had cosmetic purposes warning. it is the baby in it it could be if your bored bored maybe once or did. you see it while you're here it's a bit inspired here and hide this nation because i actually. see have made up on circumstances and there john that is hundred and. that indicates that this job is to see via the if you like at least and she needs to show you. that you are the the keep me. moving. in you believe me you will leave me the. leak you.
7:47 pm
write all of the parties how can we get tries for five q.'s if we cost three four rupees now they cost fifty sixty rupees how can people buy out. 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 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 do nothing with five kilos of wheat what can one by just one salary states. poor people have a big problem well 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 this is ration is dramatic. what can the poor do spend money on doctors feed their children
7:48 pm
well very worried. that. if i buy more limited amount that i get sixty rubles about one euro a day. i spend forty eight to forty five rupees a day. or that. she. buy in the market the price is a very high. a kilo of oil cost eighty rupees it is very hard for us to buy it but on the field five kilos of wheat or sixteen rubeus. prices have gone up a lot since last year but. if there is one person working and we eat twice a day there is nothing left.
7:49 pm
for lame olive garden we can eat less a little bit but the children can be left without food on a little while and leveling out ahead. it's just fifty things. on a commute a little bit of. a. family . was. 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 know it with ninety
7:50 pm
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 eight provision program in the world. we're made to the core of the program so we have all of the border full of two million guns and we can trace our and work on the world classes sixteen million pounds of food goods which makes a full court press of india the biggest food grains 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
7:51 pm
a result beard 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 was in place the farmers had a guarantee. everyone for the good of all of the food piece of paper ration card that was india's identity with that ration card you could walk to your corner shop and get the money on to the laws of. the world bank dismantle that so that the corporations market that's why most people are hundred to lead the fifteen years at all that is why seventy percent of india's children are malnourished well india has a booklet 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
7:52 pm
india's farming economy. before the movie or we were going to seeing ninety's own percent of the believe in you in boarding only thirty percent but now we are importing forty seven percent he said we didn't cope with a lot but almost say. when food prices rocketed india like other countries limited to its exports in order to feed its own people i will first responsibly boost won't. so if the places within the country been because we were doing all the missions going for disability the place is going to come to them so we really have it he put a ban on. the export of off rice for some time so that the prices here. 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
7:53 pm
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. mr lespinasse gambles with food as he buys thousands of tons 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 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
7:54 pm
trade them back and forth and if you make a promise to buy at a certain price at a certain time you can cancel 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 or traded back and forth and they cancel each other out.
7:55 pm
journey the length of life. the desire for the best of things. that drowns out our inner world. the story of one man who returns whom after years of alienation. amongst white paths talking.
7:56 pm
7:57 pm
7:58 pm
all. wealthy british scientists sometimes rightly. market finiteness single. i know what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune in to cause reports on our cheap.
7:59 pm
move. just so. just say. see. them in. the for. more news today violence is once again flared up for the full these are the images the world has been seeing from the streets of cashed trophy.

32 Views

info Stream Only

Uploaded by TV Archive on