| Ag Chief Gets Grief Over Filipino Rice Crisis |
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| Written by Erika Fredrickson | |
| Monday, 24 March 2008 | |
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Agriculture chief, Arthur Yap of the Philippines, came under some fire last week when he suggested that fast food restaurants offer half-portions of rice. "I never told Filipinos to eat less," he was quoted as saying in a Southern Luzon article. Yap says that with high rice prices and 25,000 bags of rice wasted each day, the National Food Authority suggested smaller helpings of rice be available for conservation measures. This miscommunication illuminates the enormous strain that the Philippines is under. Demand for rice has forced prices sky-high, but there's no sign of increasing supplies. Developers are consuming farm land, and farmers are going for more profitable crops like biofuels. Some farmers are seeing climate patterns severely affecting their yields. Many farmers – especially those who don't own their land – are giving up, looking for other opportunities. Pressure on Filipino farmers isn't just regional. Rice supply worldwide has been plummeting including a loss of over seven million acres of rice land in China over the past decade. Source: AFP Comments (5)
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It's true what our moms said...we are what we eat. In fact, it's truer than they thought. What I eat doesn't just affect me anymore, it affects all of us.
Unfortunately, the story of food can sometimes be complicated. But envirovores help each other out...which is why this blog will be bringing you news, tips, and information about food and the environment every step of the way.
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HEDGE-FOND
Die Kapitalabflüsse gestalteten sich in der Branche in Europa und den Vereinigten Staaten allerdings sehr unterschiedlich: Während amerikanische Hedge-Fonds in großem Umfang juristische Sperren nutzten, die eine sofortige Rückzahlung von Anlagegeld an die Kunden beschränkten oder hinauszögerten (Gates), ist dies bei europäischen Hedge-Fonds weniger üblich. Auch gibt es in Europa mehr Dachfonds, in die Privatinvestoren investieren. Diese hatten die erste Kündigungswelle bei Hedge-Fonds im Herbst 2008 ausgelöst. Die Kapitalabflüsse aus Hedge-Fonds waren daher in der zweiten Jahreshälfte vor allem in Europa relativ hoch. Die Mittel europäischer Hedge-Fonds schrumpften nach Einschätzung von Morgan Stanley um 25 bis 30 Prozent.
In den Vereinigten Staaten beliefen sich die Mittelabflüsse zunächst „nur“ auf 15 bis 20 Prozent. Dies erklärt, warum der weltweite Verband der Hedge-Fonds, die Alternative Investment Management Association (AIMA), kürzlich bekanntgab, dass das Anlagekapital der 1200 bei der AIMA registrierten Mitglieder jetzt zum Großteil von institutionellen Investoren gehalten werde und nicht mehr von vermögenden Einzelpersonen, wie dies früher der Fall gewesen war.