Tuesday, July 8, 2008

Guess the Fed doesn't think about Sub-Saharan Africa

From one Anthony Faiola, writing in the WaPo:
People worldwide are coping in different ways. For the 1 billion living on less than a dollar a day, it is a matter of survival. In a mud hut on the Sahara's edge, Manthita Sou, a 43-year-old widow in the Mauritanian desert village of Maghleg, is confronting wheat prices that are up 67 percent on local markets in the past year. Her solution: stop eating bread. Instead, she has downgraded to cheaper foods, such as sorghum, a dark grain widely consumed by the world's poorest people. But sorghum has jumped 20 percent in the past 12 months. Living on the 50 cents a day she earns weaving textiles to support a family of three, her answer has been to cut out breakfast, drink tea for lunch and ration a small serving of soupy sorghum meal for family dinners. "I don't know how long we can survive like this," she said.

Read it all here, and be thankful our most annoying problem is high-priced gasoline. I guess those poor, hungry people could make one of those substitutions that economists love to prate on about – maybe bark instead of sorghum?

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