Food Prices Pushing Millions into Poverty. The World Bank says food prices are at 'dangerous levels' and have pushed 44 million more people into poverty since last June.
Political Unrests Sweeps Arab World. President Barack Obama said Tuesday that he'd told U.S. allies as well as foes in the Middle East that they must ‘get out ahead of’ growing demands for reform, or risk the fates of the deposed presidents of Egypt and Tunisia.
Federal Budget Cuts. Despite the political and economic risks, congressional Republicans are forging ahead with proposals for severe budget cuts this year, even though party leaders acknowledged the reductions could lead to job losses in the name of deficit reduction.
Quote of the Day. "This is an important step, but we're going to appeal this sentence because we think that the damages awarded are not enough. The real face of this case are people, indigenous people, women, children who are suffering – but Chevron doesn't want us to talk about that." Pablo Fajardo, lead lawyer for approximately 30,000 residents of Ecuador's Amazon region, on a local court decision to fine Chevron $9 billion for environmental damages caused in the 1970s and 1980s. (Christian Science Monitor)
Read the Full Article
