The spectre of a global food crisis has reared its head again. Soaring corn prices, which on Monday recorded their biggest one-day rise since 1973, have triggered fears of a return to the turmoil of 2007-2008. Far-reaching measures are needed to prevent a recurrence. Rising prices over the last decade are in part the result of burgeoning demand from emerging markets such as China and India. The emergence of commodities as...

THE definition of poverty has been at the core of discussions and commitments at the international level to address it and, by a logical conclusion, to eradicate it. This intent is the basis for the lofty Millennium Development Goals adopted by the UN member-states and international organisations at the beginning of this century. Now, 10 years later, the UN Summit on MDGs in New York last month was meant to...

We need spectacle in the capital, not mundane things like schools and hospitals in villages In the final years of the Roman Republic, the Senate kept the masses happy by distributing cheap food and staging big spectacles known as the circus games to get votes. In his satires, the Roman poet Juvenal observed witheringly that governance had been reduced to panem et circenses (bread and circus/games). He was referring to the...

Global steel giants ArcelorMittal (MT) and Posco are leading $80 billion in planned spending in India, an investment that would vault the country ahead of Japan as the second-biggest steelmaker. There's one hurdle: India's farmers and their water supply. The farmers refuse to move from irrigated land in three states that hold more than half of India's reserves of iron ore, a key material used in the making of steel....

The definition of poverty has been at the core of discussions and commitments at the international level to address it and, by a logical conclusion, to eradicate it. This intent is the basis for the lofty Millennium Development Goals adopted by the UN member-states and international organisations at the beginning of this century. Now, 10 years later, the UN Summit on MDGs in New York last month was meant to...