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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: Wharf Rat who wrote (155257)1/29/2011 1:02:23 PM
From: Wharf Rat  Read Replies (1) | Respond to of 541625
 
"DOHA: Kuwait’s announcement yesterday to distribute free food for 14 months and $3,572 to every citizen has led to huge excitement in the Qatari community, with some saying they expect their government to follow suit.

The Kuwaiti news agency said the ruler has announced that free coupons for basic food items would be provided to each citizen from February 1 this year until March 31, 2012."

thepeninsulaqatar.com.



To: Wharf Rat who wrote (155257)1/29/2011 1:08:36 PM
From: Mary Cluney  Read Replies (1) | Respond to of 541625
 
<<<What’s behind Egypt’s Problems? >>>

You can spend years dissecting the minutiae of this subject but bottom line - it is always about economics. The gap in disparity between the rich and the poor. There is a tipping point where the poor have nothing to lose when rebelling.

The lesson for the super rich in our country is not to let it go too far. Once you over-reach - you lose control and risk losing everything in a lose, lose situation.



To: Wharf Rat who wrote (155257)1/29/2011 1:37:21 PM
From: Steve Lokness  Read Replies (3) | Respond to of 541625
 
The cost of imported food, particularly wheat, has risen, partly because of the relatively smaller harvest, and partly because the cost of production and transport is rising because of rising oil prices.

Fascinating reading from Gail Tverberg. I don't see this mess in Egypt going away soon, so we might see more increases in oil prices I suspect. Some trends we see over and over; high debt of Egypt government, need for more oil and unease between those who have and those who don't.