Sunday, April 13, 2008

Opportunity Cost

In the face of escalating food and energy prices, there are protests and riots around the World: in Egypt, Haiti, Bangladesh, Cameroon, Ivory Coast, Mauritania, Senegal, Birkina Fasso and Sierra Leone.

The United Nations World Food Program has launched an extraordinary appeal to donors for an additional US$500 million to respond to dramatic increases in global food and fuel prices, which have risen an estimated 55% since last June.

America spends nearly $500 million a DAY in Iraq.

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