Food inflation and hunger riots tied to ethanol mandate U.S. politicians and journalists supported.
By Nathan Burchfiel
Business & Media Institute
4/24/2008 8:41:28 AM
Prices for groceries like corn, bread, meat, cheese and milk have been on the rise for American grocery shoppers. Food riots have broken out in third-world countries where the cost of food has left millions hungry.
But U.S. network news reports have ignored the true cause of the suffering: U.S. government mandates for ethanol, a gasoline additive made with corn that networks called the “wave of the future” in its early stages.
“This is the new front line in an unexpected global food crisis that has spread from the Middle East, where bread is in dangerously short supply, to Africa, where millions can no longer afford to buy food,” ABC’s Mike Lee said on “World News with Charles Gibson” April 20.
On April 8, NBC “Nightly News” anchor Brian Williams reported on “something of a crisis” in Haiti, where demonstrators protested “the soaring cost of food in what is, after all, a very poor nation, where a lot of people cannot afford food.”
At home, prices in U.S. groceries stores have been on the rise. Chicken is up 10 percent in the last year; milk is up 25 percent; bread is up 16 percent; eggs are up 35 percent, according to...
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