Pronk Pops Show 11: December 3, 2010: News: Unemployment Rate Up To 9.8% with Over 15 Million Unemployed, WikiLeaks, Food Prices Rising, The FairTax–Videos

Posted on December 3, 2010. Filed under: College, Economics, Government, Government Spending, Politics, Radio, Videos | Tags: , , , , , , |

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Pronk Pops Show 11: December 3, 2010

News Story:

The Labor Department Reported Nonfarm Payrolls Up 39,000, Unemployment Hits 9.8%

Economy Added Fewer Jobs Than Expected in November

“…The U.S. economy added fewer jobs than expected in November and the unemployment rate rose to its highest level since April, underlining the continued weakness in the labor market 17 months into the recovery. Nonfarm payrolls rose by 39,000 last month as private-sector employers added only 50,000 jobs, the Labor Department said Friday. The October number was revised up slightly to show a 172,000 increase from a previous estimate of 151,000. The unemployment rate, which is obtained from a separate household survey, unexpectedly rose to 9.8% last month. More than 15 million people who would like to work can’t get a job. 

Economists surveyed by Dow Jones Newswires had forecast payrolls would rise by 144,000 and that the jobless rate would remain unchanged at 9.6%.
The U.S. unemployment rate has now been above 9% since May 2009, or 19 months. That matches the longest stretch at such an elevated level since World War II. In the deep recession of the early 1980s, the jobless rate crept to 9% in March 1982 and remained above that mark until September 1983. Federal Reserve officials believe the jobless rate could still be around 9% a year from now. That, together with low inflation, led them to take the controversial decision to buy $600 billion in U.S. Treasurys through June in an effort to spur growth. The central bank has already bought $1.75 trillion in government and mortgage bonds to fight the financial crisis, and some senior politicians worry the Fed won’t be able to control inflation once economic growth accelerates. In the private sector, accounting for about 70% of the work force, employers added 50,000 jobs in November after adding 160,000 in October. The November breakdown showed temporary-help services and health care continued to add jobs, while employment fell in retail. The manufacturing sector, which had been the big creator of jobs at the start of the recovery, shed 13,000 jobs, the fourth decline in a row. Total government employment, meantime, fell by 11,000, hurt by losses in municipal jobs. Local governments have been grappling with tight budgets. Fed Chairman Ben Bernanke told a panel of business executives this week that job creation is still the most important problem the economy faces. He recently warned the unemployment rate could rise if the economy continues to grow at its current sluggish pace. The Fed chief is particularly worried by the high number of people who have been without work for a long time. …”http://online.wsj.com/article/SB10001424052748703989004575652483381208608.html?mod=WSJ_hp_LEFTTopStories

Employment Situation Summary

Transmission of material in this release is embargoed                USDL-10-1662
until 8:30 a.m. (EST) Friday, December 3, 2010

Technical information:
 Household data:       (202) 691-6378  *  cpsinfo@bls.gov  *  www.bls.gov/cps
 Establishment data:   (202) 691-6555  *  cesinfo@bls.gov  *  www.bls.gov/ces

Media contact:         (202) 691-5902  *  PressOffice@bls.gov

                         THE EMPLOYMENT SITUATION -- NOVEMBER 2010

The unemployment rate edged up to 9.8 percent in November, and nonfarm payroll
employment was little changed (+39,000), the U.S. Bureau of Labor Statistics
reported today. Temporary help services and health care continued to add jobs
over the month, while employment fell in retail trade. Employment in most major
industries changed little in November.

Household Survey Data

The number of unemployed persons was 15.1 million in November. The unemployment
rate edged up to 9.8 percent; it was 9.6 percent in each of the prior 3 months.
(See table A-1.)

Among the major worker groups, the unemployment rates for adult men (10.0 per-
cent), adult women (8.4 percent), whites (8.9 percent), and Hispanics (13.2 per-
cent) edged up in November. The jobless rate for blacks (16.0 percent) showed
little change over the month, while the rate for teenagers declined to 24.6 per-
cent. The jobless rate for Asians was 7.6 percent, not seasonally adjusted. (See
tables A-1, A-2, and A-3.)

Among the unemployed, the number of job losers and persons who completed tempor-
ary jobs rose by 390,000 to 9.5 million in November. The number of long-term un-
employed (those jobless for 27 weeks and over) was little changed at 6.3 million
and accounted for 41.9 percent of the unemployed. (See tables A-11 and A-12.)

The civilian labor force participation rate held at 64.5 percent in November, and
the employment-population ratio was essentially unchanged at 58.2 percent. (See
table A-1.)

The number of persons employed part time for economic reasons (sometimes referred
to as involuntary part-time workers) was little changed over the month at 9.0 mil-
lion. These individuals were working part time because their hours had been cut
back or because they were unable to find a full-time job. (See table A-8.)

About 2.5 million persons were marginally attached to the labor force in November,
up from 2.3 million a year earlier. (The data are not seasonally adjusted.) These
individuals were not in the labor force, wanted and were available for work, and
had looked for a job sometime in the prior 12 months. They were not counted as un-
employed because they had not searched for work in the 4 weeks preceding the sur-
vey. (See table A-16.)

Among the marginally attached, there were 1.3 million discouraged workers in
November, an increase of 421,000 from a year earlier. (The data are not season-
ally adjusted.) Discouraged workers are persons not currently looking for work
because they believe no jobs are available for them. The remaining 1.2 million
persons marginally attached to the labor force had not searched for work in the
4 weeks preceding the survey for reasons such as school attendance or family
responsibilities. (See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment changed little in November (+39,000). Job gains
continued in temporary help services and in health care, while employment fell in
retail trade. Since December 2009, total payroll employment has increased by an
average of 86,000 per month. (See table B-1.)

Within professional and business services, employment in temporary help services
continued to increase in November (+40,000) and has risen by 494,000 since Septem-
ber 2009.

Health care continued to add jobs over the month, with a gain of 19,000. Much of
the increase occurred in hospitals (+8,000).

Employment in mining continued to trend up over the month. Support activities for
mining added 6,000 jobs in November and has added 74,000 jobs since October 2009.

Retail trade employment fell by 28,000 in November. Job losses occurred in depart-
ment stores (-9,000) and in furniture and home furnishings stores (-5,000).

Employment in manufacturing was little changed over the month (-13,000). Following
job growth earlier in 2010, employment has been relatively flat, on net, since May.
Employment in most other major industries changed little in November.

The average workweek for all employees on private nonfarm payrolls held at 34.3
hours in November. The manufacturing workweek for all employees also was unchanged,
at 40.3 hours, and factory overtime remained at 3.1 hours. The average workweek for
production and nonsupervisory employees on private nonfarm payrolls decreased by
0.1 hour to 33.5 hours. (See tables B-2 and B-7.)

In November, average hourly earnings of all employees on private nonfarm payrolls
increased by 1 cent to $22.75. Over the past 12 months, average hourly earnings
have increased by 1.6 percent. In November, average hourly earnings of private-sec-
tor production and nonsupervisory employees were unchanged at $19.19. (See tables
B-3 and B-8.)

The change in total nonfarm payroll employment for September was revised from -41,000
to -24,000, and the change for October was revised from +151,000 to +172,000.

-----------
The Employment Situation for December is scheduled to be released on Friday,
January 7, 2011, at 8:30 a.m. (EST).

Series Id:           LNS14000000
Seasonally Adjusted
Series title:        (Seas) Unemployment Rate
Labor force status:  Unemployment rate
Type of data:        Percent or rate
Age:                 16 years and over

“…On Sunday 28th Novembre 2010, Wikileaks began publishing 251,287 leaked United States embassy cables, the largest set of confidential documents ever to be released into the public domain. The documents will give people around the world an unprecedented insight into the US Government’s foreign activities.The cables, which date from 1966 to the end of February this year, contain confidential communications between 274 embassies in countries throughout the world and the State Department in Washington DC. 15,652 of the cables are classified Secret.To access the Cable gate, go to http://cablegate.wikileaks.org

.

 

..”

http://wikileaks.org/

Secret US Embassy Cables

“…Wikileaks began on Sunday November 28th publishing 251,287 leaked United States embassy cables, the largest set of confidential documents ever to be released into the public domain. The documents will give people around the world an unprecedented insight into US Government foreign activities.The cables, which date from 1966 up until the end of February this year, contain confidential communications between 274 embassies in countries throughout the world and the State Department in Washington DC. 15,652 of the cables are classified Secret.The embassy cables will be released in stages over the next few months. The subject matter of these cables is of such importance, and the geographical spread so broad, that to do otherwise would not do this material justice.The cables show the extent of US spying on its allies and the UN; turning a blind eye to corruption and human rights abuse in “client states”; backroom deals with supposedly neutral countries; lobbying for US corporations; and the measures US diplomats take to advance those who have access to them.This document release reveals the contradictions between the US’s public persona and what it says behind closed doors – and shows that if citizens in a democracy want their governments to reflect their wishes, they should ask to see what’s going on behind the scenes.Every American schoolchild is taught that George Washington – the country’s first President – could not tell a lie. If the administrations of his successors lived up to the same principle, today’s document flood would be a mere embarrassment. Instead, the US Government has been warning governments — even the most corrupt — around the world about the coming leaks and is bracing itself for the exposures.The full set consists of 251,287 documents, comprising 261,276,536 words (seven times the size of “The Iraq War Logs”, the world’s previously largest classified information release).The cables cover from 28th December
1966 to 28th February 2010 and originate from 274 embassies, consulates and diplomatic missions. …”

 

Nightline: WikiLeaks: Reverse Spying?


Wikileaks: Julian Assange says Clinton should resign if found responsible for ordering spying on UN



Should Hillary Clinton Resign?


Wikileaks Fallout: Hillary Clinton Repairs Relations


Cable-embarrassed: How will US make WikiLeaks shut up?

Glenn Beck-11/29/10-A

Glenn Beck-11/29/10-B

Glenn Beck-11/29/10-C

http://www.youtube.com/watch?annotation_id=annotation_411019&v=RS6QjtV6vO8&feature=iv

Alex Jones: WikiLeaks credibility skyrocketing

Gerald Celente: Wikileaks exposes doublespeak

cnn – governments react to leaked cables – wikileaks update

Dispatch: WikiLeaks and Iran’s Nuclear Program

Clinton to Take Aggressive Steps to ‘Hold WikiLeaks Responsable’

Wikileaks Releases More Secret US Diplomatic Documents

Vatican, Israel, North Korea on WikiLeaks’ list

Global Diplomatic Crisis – Massive WikiLeaks Release of Secret Diplomatic Cables

Global Diplomatic Crisis – Massive WikiLeaks Release of Secret Diplomatic Cables [1 of 4]

Global Diplomatic Crisis – Massive WikiLeaks Release of Secret Diplomatic Cables [2 of 4]

Global Diplomatic Crisis – Massive WikiLeaks Release of Secret Diplomatic Cables [3 of 4]

Global Diplomatic Crisis – Massive WikiLeaks Release of Secret Diplomatic Cables [4 of 4]

Background Articles and Videos

Collateral Murder – Wikileaks – Iraq

An Interview With WikiLeaks’ Julian Assange

Nov. 29 2010

By ANDY GREENBERG

“…Admire him or revile him, WikiLeaks’ Julian Assange
is the prophet of a coming age of involuntary transparency, the leader of an organization devoted to divulging the world’s secrets using technology unimagined a generation ago.Over the last year his information insurgency has dumped 76,000 secret Afghan war documents and another trove of 392,000 files from the Iraq war into the public domain–the largest classified military security breaches in history. Sunday, WikiLeaks made the first of 250,000 classified U.S. State Department cables public, offering an unprecedented view of how America’s top diplomats view enemies and friends alike.
But, as Assange explained to me earlier this month, the Pentagon and State Department leaks are just the start. …”

 

Segment 1: WikiLeaks

WikiLeaks

“…On Sunday 28th Novembre 2010, Wikileaks began publishing 251,287 leaked United States embassy cables, the largest set of confidential documents ever to be released into the public domain. The documents will give people around the world an unprecedented insight into the US Government’s foreign activities.The cables, which date from 1966 to the end of February this year, contain confidential communications between 274 embassies in countries throughout the world and the State Department in Washington DC. 15,652 of the cables are classified Secret.To access the Cable gate, go to http://cablegate.wikileaks.org

…”

http://wikileaks.org/

Secret US Embassy Cables

“…Wikileaks began on Sunday November 28th publishing 251,287 leaked United States embassy cables, the largest set of confidential documents ever to be released into the public domain. The documents will give people around the world an unprecedented insight into US Government foreign activities.The cables, which date from 1966 up until the end of February this year, contain confidential communications between 274 embassies in countries throughout the world and the State Department in Washington DC. 15,652 of the cables are classified Secret.The embassy cables will be released in stages over the next few months. The subject matter of these cables is of such importance, and the geographical spread so broad, that to do otherwise would not do this material justice.The cables show the extent of US spying on its allies and the UN; turning a blind eye to corruption and human rights abuse in “client states”; backroom deals with supposedly neutral countries; lobbying for US corporations; and the measures US diplomats take to advance those who have access to them.This document release reveals the contradictions between the US’s public persona and what it says behind closed doors – and shows that if citizens in a democracy want their governments to reflect their wishes, they should ask to see what’s going on behind the scenes.Every American schoolchild is taught that George Washington – the country’s first President – could not tell a lie. If the administrations of his successors lived up to the same principle, today’s document flood would be a mere embarrassment. Instead, the US Government has been warning governments — even the most corrupt — around the world about the coming leaks and is bracing itself for the exposures.The full set consists of 251,287 documents, comprising 261,276,536 words (seven times the size of “The Iraq War Logs”, the world’s previously largest classified information release).The cables cover from 28th December
1966 to 28th February 2010 and originate from 274 embassies, consulates and diplomatic missions. …”http://cablegate.wikileaks.org

Nightline: WikiLeaks: Reverse Spying?


Wikileaks: Julian Assange says Clinton should resign if found responsible for ordering spying on UN



Should Hillary Clinton Resign?


Wikileaks Fallout: Hillary Clinton Repairs Relations


Cable-embarrassed: How will US make WikiLeaks shut up?

Glenn Beck-11/29/10-A

Glenn Beck-11/29/10-B

Glenn Beck-11/29/10-C

http://www.youtube.com/watch?annotation_id=annotation_411019&v=RS6QjtV6vO8&feature=iv

Alex Jones: WikiLeaks credibility skyrocketing

Gerald Celente: Wikileaks exposes doublespeak

cnn – governments react to leaked cables – wikileaks update

Dispatch: WikiLeaks and Iran’s Nuclear Program

Clinton to Take Aggressive Steps to ‘Hold WikiLeaks Responsable’

Wikileaks Releases More Secret US Diplomatic Documents

Vatican, Israel, North Korea on WikiLeaks’ list

Global Diplomatic Crisis – Massive WikiLeaks Release of Secret Diplomatic Cables

Global Diplomatic Crisis – Massive WikiLeaks Release of Secret Diplomatic Cables [1 of 4]

Global Diplomatic Crisis – Massive WikiLeaks Release of Secret Diplomatic Cables [2 of 4]

Global Diplomatic Crisis – Massive WikiLeaks Release of Secret Diplomatic Cables [3 of 4]

Global Diplomatic Crisis – Massive WikiLeaks Release of Secret Diplomatic Cables [4 of 4]

Background Articles and Videos

Collateral Murder – Wikileaks – Iraq

An Interview With WikiLeaks’ Julian Assange

Nov. 29 2010

By ANDY GREENBERG

“…Admire him or revile him, WikiLeaks’ Julian Assange
is the prophet of a coming age of involuntary transparency, the leader of an organization devoted to divulging the world’s secrets using technology unimagined a generation ago.Over the last year his information insurgency has dumped 76,000 secret Afghan war documents and another trove of 392,000 files from the Iraq war into the public domain–the largest classified military security breaches in history. Sunday, WikiLeaks made the first of 250,000 classified U.S. State Department cables public, offering an unprecedented view of how America’s top diplomats view enemies and friends alike.
But, as Assange explained to me earlier this month, the Pentagon and State Department leaks are just the start. …”

Segment 1: WikiLeaks

WikiLeaks

“…On Sunday 28th Novembre 2010, Wikileaks began publishing 251,287 leaked United States embassy cables, the largest set of confidential documents ever to be released into the public domain. The documents will give people around the world an unprecedented insight into the US Government’s foreign activities.The cables, which date from 1966 to the end of February this year, contain confidential communications between 274 embassies in countries throughout the world and the State Department in Washington DC. 15,652 of the cables are classified Secret.To access the Cable gate, go to

…”

Secret US Embassy Cables

is the prophet of a coming age of involuntary transparency, the leader of an organization devoted to divulging the world’s secrets using technology unimagined a generation ago.Over the last year his information insurgency has dumped 76,000 secret Afghan war documents and another trove of 392,000 files from the Iraq war into the public domain–the largest classified military security breaches in history. Sunday, WikiLeaks made the first of 250,000 classified U.S. State Department cables public, offering an unprecedented view of how America’s top diplomats view enemies and friends alike.
But, as Assange explained to me earlier this month, the Pentagon and State Department leaks are just the start. …”
“…Wikileaks began on Sunday November 28th publishing 251,287 leaked United States embassy cables, the largest set of confidential documents ever to be released into the public domain. The documents will give people around the world an unprecedented insight into US Government foreign activities.The cables, which date from 1966 up until the end of February this year, contain confidential communications between 274 embassies in countries throughout the world and the State Department in Washington DC. 15,652 of the cables are classified Secret.The embassy cables will be released in stages over the next few months. The subject matter of these cables is of such importance, and the geographical spread so broad, that to do otherwise would not do this material justice.The cables show the extent of US spying on its allies and the UN; turning a blind eye to corruption and human rights abuse in “client states”; backroom deals with supposedly neutral countries; lobbying for US corporations; and the measures US diplomats take to advance those who have access to them.This document release reveals the contradictions between the US’s public persona and what it says behind closed doors – and shows that if citizens in a democracy want their governments to reflect their wishes, they should ask to see what’s going on behind the scenes.Every American schoolchild is taught that George Washington – the country’s first President – could not tell a lie. If the administrations of his successors lived up to the same principle, today’s document flood would be a mere embarrassment. Instead, the US Government has been warning governments — even the most corrupt — around the world about the coming leaks and is bracing itself for the exposures.The full set consists of 251,287 documents, comprising 261,276,536 words (seven times the size of “The Iraq War Logs”, the world’s previously largest classified information release).The cables cover from 28th December 1966 to 28th February 2010 and originate from 274 embassies, consulates and diplomatic missions. …”
http://cablegate.wikileaks.org

Nightline: WikiLeaks: Reverse Spying?


Wikileaks: Julian Assange says Clinton should resign if found responsible for ordering spying on UN



Should Hillary Clinton Resign?


Wikileaks Fallout: Hillary Clinton Repairs Relations


Cable-embarrassed: How will US make WikiLeaks shut up?

Glenn Beck-11/29/10-A

Glenn Beck-11/29/10-B

Glenn Beck-11/29/10-C

http://www.youtube.com/watch?annotation_id=annotation_411019&v=RS6QjtV6vO8&feature=iv

Alex Jones: WikiLeaks credibility skyrocketing

Gerald Celente: Wikileaks exposes doublespeak

cnn – governments react to leaked cables – wikileaks update

Dispatch: WikiLeaks and Iran’s Nuclear Program

Clinton to Take Aggressive Steps to ‘Hold WikiLeaks Responsable’

Wikileaks Releases More Secret US Diplomatic Documents

Vatican, Israel, North Korea on WikiLeaks’ list

Global Diplomatic Crisis – Massive WikiLeaks Release of Secret Diplomatic Cables

Global Diplomatic Crisis – Massive WikiLeaks Release of Secret Diplomatic Cables [1 of 4]

Global Diplomatic Crisis – Massive WikiLeaks Release of Secret Diplomatic Cables [2 of 4]

Global Diplomatic Crisis – Massive WikiLeaks Release of Secret Diplomatic Cables [3 of 4]

Global Diplomatic Crisis – Massive WikiLeaks Release of Secret Diplomatic Cables [4 of 4]

Background Articles and Videos

Collateral Murder – Wikileaks – Iraq

An Interview With WikiLeaks’ Julian Assange

Nov. 29 2010

By ANDY GREENBERG

“…Admire him or revile him, WikiLeaks’ Julian Assange

I Enjoy Exposing People Who Abuse The Power & The Innocent! Julian Assange WikiLeaks pt.1

I Enjoy Exposing People Who Abuse The Power & The Innocent! Julian Assange WikiLeaks pt.2

Exclusive DN! Interview with Wikileaks Founder Julian Assange 1

Exclusive DN! Interview with Wikileaks Founder Julian Assange 3

Exclusive DN! Interview with Wikileaks Founder Julian Assange 4

Exclusive DN! Interview with Wikileaks Founder Julian Assange 5

Exclusive DN! Interview with Wikileaks Founder Julian Assange 6

Segment 2: Food Prices Rising

http://www.shadowstats.com/alternate_data/inflation-charts



U.S. Producer Prices Rise 0.4%, Core Measure Falls 0.6%

Housing Starts Fall; CPI Increases Less Than Forecast

The Bottom 20% of America could be in for a long Cold, Hungry Winter

Higher Prices on the Horizon

Why Are Food Prices Rising?

Fuel on the cob

Ethanol- Don’t Believe The Hype…

Biofuels scandal + food prices.

Are You Prepared for Food Inflation Flour up 400% rice up 200%

Food Prices On The Rise This Holiday

Higher Corn Prices To Impact Your Grocery Budget

Peter Schiff’s Admiration For ‘Intellectual Dynamo’ Sarah Palin’s ‘Really Good Stuff’

Glenn Beck: Prepare For What Is Coming- Food Prices on the Rise 18NOV10

Family Thanksgiving Dinner Could Soon Cost $826, Experts Predict

NIA Projects Future U.S. Food Price Increases – Glenn Beck

END THE FED!

Dear America, Your Taxes Are Going Up 20%, Food and Gas Prices Will Skyrocket, Fed Drops Bomb On Us

Glenn Beck-11/04/10-A

Background Articles and Videos

Meltup

Rising Global Food Prices Alarm UN

Food Sellers Grit Teeth, Raise Prices

Leadership Ethics and Corruption — EU Commission lecture

“…Weather Worries

Three factors indicate that corn prices are headed higher in the U.S. market – as well as in markets around the world. The reality is that:

  • The United States is the world’s largest grower and exporter of corn, and thanks to some wild weather swings U.S. corn production is down more than 4% from last year’s record crop.
  • Industrial uses of corn are contributing to escalations in demand, even during a supply squeeze. New food uses for corn will also help boost demand.
  • The weak U.S. dollar will make corn an even hotter export, further escalating demand during a period where supplies are tighter than usual.

A number of weather-based events have damaged the current or upcoming harvest of key crops in exporting nations worldwide.In Brazil, for instance, it was a drought that may damage the 2011 coffee crops.In Russia, an endless dry summer heat wilted the wheat crop.In China, Pakistan and India, monsoon rains shrank the cotton crop.And here in the United States, it appears that exceptionally wet weather in June and July and devastating heat throughout the summer may have damaged the corn crop. This has led to lower yields per acre this year compared to last year. …”

http://moneymorning.com/2010/11/24/three-ways-to-profit-as-growing-demand-and-tight-supplies-send-corn-prices-higher/

The Food Crisis Of 2011

Addison Wiggin

“…Fact is, the food crisis of 2008 never really went away.True, food riots didn’t break out in poor countries during 2009 and warehouse stores like Costco didn’t ration 20-pound bags of rice…but supply remained tight.Prices for basic foodstuffs like corn and wheat remain below their 2008 highs. But they’re a lot higher than they were before “the food crisis of 2008” took hold. Here’s what’s happened to some key farm commodities so far in 2010…

  • Corn: Up 63%
  • Wheat: Up 84%
  • Soybeans: Up 24%
  • Sugar: Up 55%

What was a slow and steady increase much of the year has gone into overdrive since late summer. Blame it on two factors…

  • Aug. 5: A failed wheat harvest prompted Russia to ban grain exports through the end of the year. Later in August, the ban was extended through the end of 2011. Drought has wrecked the harvest in Russia, Ukraine and Kazakhstan – home to a quarter of world production
  • Oct. 8: For a second month running, the Agriculture Department cut its forecast for US corn production. The USDA predicts a 3.4% decline from last year. Damage done by Midwestern floods in June was made worse by hot, dry weather in August.

America’s been blessed with year after year of “record harvests,” depending on how you measure it. So when crisis hits elsewhere in the world, the burden of keeping the world fed falls on America’s shoulders. …”

Packagers and Supermarkets Pressured to Pass Along Rising Costs, Even as Consumers Pinch Pennies

“…Food prices are rising faster than overall inflation. The consumer price index for all items minus food and energy rose 0.8% over the year to September, the lowest 12-month increase since March 1961, the Bureau of Labor Statistics said. The food index rose 1.4%, however. The U.S. Agricultural Department is predicting overall food inflation of about 2% to 3% next year.The current pressure is nothing like it was in October 2008, when food prices were rising at an annual rate of 6.3% and some hard lessons were learned when producers passed along those costs: Shoppers switched

Global Grain Reserves Diminish, U.S. Stockpiles in Worse Shape

By Chris Kitze (Publisher)

http://beforeitsnews.com/story/256/625/Global_Grain_Reserves_Diminish,_U.S._Stockpiles_in_Worse_Shape.html

The Biofuels Scam

ByJames M. Andrews

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