Tuesday, May 31, 2011

The challenges of Demand & Supply! We need the NDSIM Model to address this Uncontrolled Price Hike

Global Strategic Enterprises, Inc for Peace and Prosperity- www.globalbelai4u.blogspot.com

Our Passion is 2 Reach Our Individual & Collective Potential 4 Excellence & Success-Always!

Dear Global Citizens and Victims of Global Economic Crisis!
As we Remember the housing market excesses, derivatives and speculations? etc.  Now it is moving towards perishable commodities such as food and vaccines!

If we are not vigilant, it will soon move to include water and oxygen the very ingredients of survival.  

As the last shuttle is going to space, we know no other planet, or galaxy that can sustain life as we know it so far.  Poor Harding Camping and his loony 21 May 2011 Rapture followers, could not use the shuttle to facilitate their rapture. 

Imagine a Civil Engineer from Berkley, that could not figure out the gravity dynamics of the rapture!   Allas, Now he is looking for verses and proses in some obscure old primitive literature, to justify his failure to take off.

He has another chance on 21 October, 2001 and wonder if he will pay out of his $120 million to his followers who invested their lives savings on the aborted Rapture Mission.  I trust like Bin Ladin he will crash land on his own with no  collaterals.     I wonder why he does not update himself with the "Elegant Universe" or E=MCC of Einstien and the like first.

He made some $222 million from his family radio network fooling himself and fools like him,  he might continue just narrating some old prose and verses from archaic sources to the gullible Americans!

When you can make so much publicity ad money from foolish media and his followers,  why bother with the concept of far fetched "Elegant Universe " and General Relativity Constructs and the like!  who do not bring attention and resources, anyway!

He is the worst SPECULATOR and Spiritual Derivate manager of them all!

As the IMF is reeling from the Sexual escapades, or abuse to be exact of DSK;  its last French Chief, we have  another French Divine Feminine, campaigning to replace him.  

The current French Finance Minister,  promises beter treatment to the developing world devine feminine who suffered under DSK and male chauvinist world that keeps women and children poor while allowing DSK to sepnd $3000 per night at Sofitel and rape the Guinean Divine Feminine!

I wonder why we do not use the NDMSIM (Need, Demand, Supply Interaction Model) to address this gross divergence between need, demand and supply for a balanced world.

Here is the World Bank Report for your review and perspective.


Tuesday, May 31, 2011
Today’s Headlines:

Food Prices Will Double By 2030, Oxfam Warns
UNICEF Lists Vaccine Prices To Drive Down Cost
Lagarde Vows IMF Role For Emerging Markets
Bangladesh Gets $40 Million World Bank Loan for Libya Evacuation

Food Prices Will Double By 2030, Oxfam Warns. “The prices of staple foods will more than double in 20 years unless world leaders take action to reform the global food system, Oxfam has warned.By 2030, the average cost of key crops will increase by between 120 percent and 180 percent.Half of that increase will be caused by climate change, Oxfam predicts, in its report Growing a Better Future….” [BBC News]
Bloomberg adds that “…the world’s poorest people, who spend up to 80 percent of their income on food, will be hardest hit, it said. Food demand will rise by 70 percent by 2050 while the growth rate in agriculture yields is set to decline to less than 1 percent in the next decade, according to the Oxfam report.
‘The food system must be overhauled if we are to overcome the increasingly pressing challenges of climate change, spiraling food prices and the scarcity of land, water and energy,’ Oxfam Chief Executive Officer Barbara Stocking said in a statement….” [Bloomberg]
The Guardian writes that “…Oxfam called on G20 leaders to agree new rules to govern food markets. It wants greater regulation of commodities markets to contain volatility in prices. It said global food reserves must be urgently increased and western governments must end biofuels policies that divert food to fuel for cars. It also attacked excessive corporate concentration in the food sector, particularly in grain trading and in seed and agrochemicals….” [The Guardian (UK)]

UNICEF Lists Vaccine Prices To Drive Down Cost. “The UN Children’s Fund (UNICEF) is for the first time publicizing how much drugmakers charge it for vaccines, aiming to spark price competition as costs keep rising. On Friday, UNICEF posted on its website the actual prices that it has paid individual drugmakers for 16 vaccines purchased over the last decade. UNICEF hopes that announcing the costs will cut prices, which would enable the organization to vaccinate more children and save more lives….” [Associated Press]
The Wall Street Journal adds that “…prices posted by UNICEF show a wide variation in what different companies have been charging the agency, with Western companies in some cases charging far more than Indian suppliers…. UNICEF has long published the average price it paid manufacturers for each type of vaccine, but not the price paid to each individual manufacturer. That was partly because companies were reluctant to disclose that detail….” [The Wall Street Journal]
The New York Times reports that “…UNICEF paid $747 million for vaccines last year, buying over two billion doses for 58 percent of the world’s children.  Shanelle Hall, director of UNICEF’s supply division and the driving force behind the new transparency policy, said she hoped to extend it to other goods that UNICEF buys, including mosquito nets, diagnostic kits, essential medicines and ready-to-eat foods for starving children….” [The New York Times]

Lagarde Vows IMF Role For Emerging Markets. “French Finance Minister Christine Lagarde promised to give developing nations a greater voice at the International Monetary Fund (IMF) if she succeeds in her bid to become the lender’s next managing director. ‘It’s important to allow countries to have a lot of representation,’ Lagarde said Monday during a visit to Brazil before heading for China. ‘I chose Brazil as my first destination in the campaign because it’s a big emerging country that carries a lot of weight in the international scene.’…” [Bloomberg]
Dow Jones adds that “…Lagarde said that the national origin of a candidate wasn't of top importance and said her administration would give priority to modification of the IMF's rules of governance and equal representation of members. ‘The IMF belongs to all its member-nations,’ she said.
Brazilian Finance Minister Guido Mantega Monday expressed gratitude for Lagarde's visit, but remained publicly noncommittal about whether Brazil would support the French minister's candidacy. ‘What's important for Brazil is that the IMF maintains the trajectory of reforms begun over the past three years,’ Mantega said….” [Dow Jones]
Meanwhile, Reuters writes that “…emerging nations are still conducting ‘lots of consultations’ about choosing a candidate from their ranks to head the IMF, South African Finance Minister Pravin Gordhan said on Tuesday. Gordhan told reporters that emerging states had until June 10 to name their consensus candidate….” [Reuters]

Bangladesh Gets $40 Million World Bank Loan for Libya Evacuation. “Bangladesh signed an agreement with the World Bank for a $40 million loan to help fund the evacuation of its citizens from Libya. ‘The emergency operation will finance the repatriation of Bangladeshi migrant workers escaping the conflict in Libya,’ the Bank said in a statement Monday….” [Bloomberg]
Reuters adds that “…more than 35,000 Bangladeshis out of an estimated 70,000 to 80,000 working in Libya have returned home since unrest broke out in February. Remittances from more than 7 million citizens working abroad along with ready-made garments exports are the two key planks of the impoverished country's $100 billion economy….” [Reuters]
Xinhua reports that “…the World Bank financing will retroactively cover the cost of transport for 10,000 returnees brought to Bangladesh with support from the International Migration Organization (IOM).  The World Bank financing will add to the Bangladeshi government financing of $4.6 million, as well as nearly $30 million in grant funding from donor organizations raised through IOM's global appeal….” [Xinhua]

Also in This Edition, Briefly Noted… West African franc zone leaders on Monday named former Ivorian minister Kone Tiemoko Meyliet as new head of the regional BCEAO central bank in charge of monetary policy in the 8-country single currency area. [Reuters]
South African Energy Minister Dipuo Peters on Monday urged African countries to work together on their electrification programs. [Xinhua]
The US Export-Import Bank has green-lighted an $805.6 million loan to South African power company Eskom to fund construction of a coal-fired power plant, the state utility said Monday. [Agence France Presse]
Uganda expects its economy to grow 6.6 percent in the 2011/12 fiscal year (July-June), up from 6.4 percent growth in 2010/2011 and driven by spending on infrastructure projects including dams and an oil refinery. [Reuters]
The World Bank is holding back $40 million in budget support to Malawi because the country hasn’t completed the review of its program with the International Monetary Fund, the Daily Times reported. [Bloomberg]
India has reported weaker-than-expected growth numbers for the first three months of the year. The country's economy grew by 7.8 percent in the first quarter compared with the same period last year, the latest government figures showed. For the financial year to March, the economy grew by 8.5 percent, lower than the government's forecast of 8.6 percent. [BBC News]
Russia will spend $285 billion over the next decade to double the rate of road building, Prime Minister Vladimir Putin said Monday. [The Guardian (UK)]
Belgian bank KBC Group said Monday it has signed an agreement with the financing arm of the World Bank to acquire most of the International Finance Corporation’s 5 percent stake in Russia's Absolut Bank. [Dow Jones]
The African Development Bank said on Monday it had approved a $500 million loan to support Tunisia's interim government. The emergency funding will be released in a single tranche, and will be part of $1.4 billion of support for Tunisia provided by the World Bank, the EU, and the French development agency, the AfDB said in a statement. [Reuters]
Global emissions of carbon dioxide hit their highest level ever in 2010, with the growth driven mainly by booming coal-reliant emerging economies, International Energy Agency Chief Economist Fatih Birol said on Monday. [Reuters]

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