IMF issues oil and food warning

"If food prices rise further and oil prices stay the same, some governments will no longer be able to feed their people and at the same time maintain stability in their economies," he said in Washington DC.

//english.aljazeera.net/news/americas/2008/07/20087117435146411.html



Argentine president links food speculators to finance crisis

Fernandez de Kirchner charged there was a definite connection between the rise in the prices...

//tinyurl.com/3urmyf



More oil will not bring price down-Saudi king

Oil prices would not ease even if production were raised because speculation and taxes are behind the soaring market, Saudi Arabia's King Abdullah was quoted as saying in a Kuwaiti newspaper on Tuesday.

//tinyurl.com/4psnb7



IMF predicts no end in sight to credit crisis

The IMF believes banks are in for more pain as mortgage defaults soar and economies slow.

//www.radioaustralia.net.au/programguide/stories/200807/s2317403.htm


From Information Clearing House

--------

WTO Talks Collapse Amidst Concerns for Food Security

The Center for Economic and Policy Research: "Despite trade ministers' hopes for a last-minute deal, World Trade Organization (WTO) negotiations collapsed yet again today, and observers at the talks in Geneva say that the failure is not surprising, given the reluctance of India and other developing nations to sacrifice food security measures in the wake of the recent global spike in food prices."

//www.truthout.org/article/wto-talks-collapse-amidst-concerns-food-security



//freepage.twoday.net/search?q=IMF
//freepage.twoday.net/search?q=oil+price
//freepage.twoday.net/search?q=food+price
//freepage.twoday.net/search?q=finance+crisis
//freepage.twoday.net/search?q=credit+crisis
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