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[quote:RoXY:MV8xNTc4NDI2XzMyNDg4ODA0XzMwMzYzQTgx] [b]Devastating US drought heralds global food inflation[/b] By Naomi Spencer 28 July 2012 Severe drought spread rapidly across the central US this week, further damaging staple crops and heightening the risk of a global food crisis. The Midwest, where roughly one-third of the world’s staple grains are produced, is experiencing the deepest dry spell in over half a century. The National Drought Mitigation Center in a statement Thursday reported “tremendous intensification of drought through Illinois, Iowa, Missouri, Indiana, Arkansas, Kansas and Nebraska, and into part of Wyoming and South Dakota in the last week.” Almost 30 percent of the Midwest is under extreme drought, triple that of the previous week. [b]CONTINUE: http://www.wsws.org/articles/2012/jul2012/drou-j28.shtml[/b] [/quote]
Economic Armageddon and You
Wondering about the American economy? This animated video explains inflation, stagflation, recession and more, all in 5 minutes.
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