Monday January 31, 2011

I've Been Thinking:

Another crisis is emerging. More unrest is poised to overtake Egypt, Tunisia, Lebanon, Jordan, Saudi Arabia and other parts of the Middle East.

The price of food is skyrocketing. When the price of food goes up - local unrest increases.
Wheat futures have reached a 29 month high. The price of gasoline is rising and rising.

To confront this new crisis, Jordan's King Abdullah is reinstituting subsidies on foods, especially on staples. Jordan asked for and received $100 million in help from the US to offset the cost of the subsidies.

And on Sunday, Mubarak, like Jordan's king, ordered that food prices be slashed to ease the burden on the masses and to hopefully quell anger over food prices.

This is a big crisis. It doesn't get worse than food and gas shortages. More unrest is brewing.

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