Tuesday, February 26, 2008

Rioting Over Food & Energy




Recent article in the New York Times (Sunday I think) about rioting in Egypt by the formerly middle class, over inflation on the basics. This is very troubling. Deregulation of the basics has gone on big time around the world, including the U.S.

It was last spring, I believe, that I realized that a dinner on Fountain Square, Cincinnati, was exorbitant. Reds or Bengals tickets the same.

A subtle thing this February: the temperature is 15 - 20 degrees colder than normal and projects this way for the next week. This means huge problems for the northeast residents, and huge profits for the local distribution companies.

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