Thursday, February 14, 2008

Grain prices to soar by 35% in poor countries in 2008; US Senate bans harsh interrogations; bomb kills top Hezbollah agent in Damascus...

14 February :: Record-high grain prices will cause an untenable 35% minimum increase in poor nations' expenditures for cereals imports through July 2008, reports UN Food and Agriculture Organization; prices have increased rapidly due to record oil prices, dramatic deterioration of arable land in China — turning world's most populous nation into net importer of grain—, and diversion of crops in US, Brazil (world's top grain exporters) to bio-ethanol fuel production; combination of economic pressures expected to force a net reduction in expenditure for grain imports, signaling likely severe food shortages in poor countries... US Senate votes to ban waterboarding, other coercive interrogation techniques used by CIA in terrorist cases where gov't claims existing laws do not limit agents' behavior; Pres. Bush has said he will veto the intelligence bill if the ban were included; Sen. John McCain (R-AZ), a former PoW in Vietnam, who was subjected to torture, voted against the ban, while Democratic presidential candidates Clinton (D-NY) and Obama (D-IL) did not vote, as they are hotly contesting upcoming primaries across the nation... Top Hezbollah "security strategist" Imad Mughniyeh assassinated in car bombing in Damascus, Syria, Israel said to be bracing for reprisals; many speculate Israeli security forces were behind the killing, though Israel's prime minister Ehud Olmert has issued a statement saying "Israel rejects the attempts of terror elements to attribute to Israel any involvement"; Mughniyeh was considered responsible for many of Hezbollah's most serious attacks in the 1980s; a Lebanese parliament minister said of Mughniyeh "This is a loss of a major pillar in resistance work. He was an expert at making victories and building fighting capacities against Israel. He played an essential role in all resistance activities, especially the last war", some speculate the killing could lead to another Israel-Hezbollah war along the disputed Lebanese border areas...

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