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The Role of Speculators in the Global Food Crisis

Spiegel - Vast amounts of money are flooding the world’s commodities markets, driving up prices of staple foods like wheat and rice. Biofuels and droughts can’t fully explain the recent food crisis — hedge funds and small investors bear some responsibility for global hunger.

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Speculators, Politicians, and Financial Disasters

Commentary - Fueled by easy credit, the real-estate market had been rising swiftly for some years. Members of Congress were determined to assure the continuation of that easy credit. Suddenly, the party came to a devastating halt. Defaults multiplied, banks began to fail. Soon the economic troubles spread beyond real estate. Depression stalked [...]

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The U.S. Economic Crisis: Three Growth Scenarios

BusinessWeek - The financial crisis is a symptom, not a cause. At root, this is a crisis of the entire global economy as it has developed over the past 10 years. The U.S. must solve its trade deficit and invest its credit wisely.

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Sarkozy’s fiscal meeting raises diplomatic hackles

IHT - President Nicolas Sarkozy of France left the summit meeting on the financial crisis here last weekend in a triumphal mood, declaring that it had tamed the animal spirits of American capitalism. Then he went home and announced that he would hold his own summit meeting in a few weeks in Paris — [...]

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