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World Bank Says Do Something About Food Prices or There Will Be Blood

Apr 14th, 2008 | By Contrarian Profits | Category: Featured, Financial News, Politics & Economics

This weekend the president of the World Bank, Robert Zoellick, asked for $500 million in emergency aid for the UN World Food Program. “It is critical that governments confirm their commitments as soon as possible and others begin to commit,” Zoellick said. Prices have only risen further since the WFP issued that appeal, so it is urgent that governments step up.”

The Mogambo Guru recently weighed in on the situation: