GOOD

Banks Are to Blame for Rising Food Costs

You never hear people blaming bankers for the deadly rise in basic crop prices, but they share a good part of the blame.


What's behind the spiraling cost of food? It's not just oil and the burgeoning appetites of Americans.

As Frederick Kaufman, the author of A Short History of the American Stomach explains in an article in this month's Foreign Policy, titled "How Goldman Sachs Created the Food Crisis":

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Does Scott Walker Know That Ronald Reagan Supported Unions and Collective Bargaining?

Reagan: "Where free unions and collective bargaining are forbidden, freedom is lost." Read what else the Wisconsin guv's idol had to say.

It's no surprise that Wisconsin's new Republican Governor, Scott Walker regularly compares himself to one of the deities of his political party, America's 40th President, Ronald Reagan. But, Walker obviously doesn't know Reagan that well, because his plans to end collective bargaining for most of Wisconsin's public employees, including teachers, is in direct opposition to what Reagan believed.

Walker believes that his efforts to end public employee's right to collective bargaining are akin to Reagan's August 1981 firing of thousands of air traffic controllers who illegally decided to strike. And while it's true that Reagan came down hard on the air traffic controllers, that doesn't mean he believed in completely stripping away worker's rights.

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Ten Items Priced at All Time Highs Right Now, Including Turkey

Prices go up. They always do. But it's an especially rough time if you're in the market for turkey, tuition, or Trans-Ams. Do you know why?


Prices go up. They always do. But it's an especially rough time if you're in the market for turkey, tuition or Trans-Ams. 24/7 Wall Street has crunched the numbers to find 10 products and commodities that are at all time highs right now. This basket of cost climbing categories is so motley makes a perfect statement of how complex, unpredictable and, frankly, unwieldy the global economy is now. Just try to imagine creating macroeconomic policy that could address all of this without causing bigger problems.

1: Topping the list is Turkey:

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