And I'm Flora Lichtman. In 2007, thousands of people in Mexico took to the streets, protesting the price of tortillas. In three months, the price of corn had gone up 400 percent. Why? According to my first guest, it all started with a spike in oil prices triggered by Hurricane Katrina. That led to increased demand for ethanol, and U.S. farmers who grow a lot of the corn that Mexicans eat planted less corn for eating and more corn to make ethanol.
Originally published on Fri July 27, 2012 12:46 pm
The London 2012 Summer Games are set to begin in earnest, with today's opening ceremony kicking off a weekend of gold-medal competitions. But if you're in America and you hope to watch the Opening Ceremony live, I'm afraid you'll be disappointed: NBC is tape-delaying its broadcast until Friday night.
Originally published on Thu August 9, 2012 12:20 pm
On a gray, polluted Beijing morning, parents peer through a fence anxiously at their little darlings' wobbly dribbling skills on the soccer pitch, as they try to score goals against former Manchester City goalkeeper Alex Williams.
No surprise: The economy grew only sluggishly in April, May and June. The U.S. Commerce Department says gross domestic product — the sum of all goods and services produced in the country — grew by just 1.5 percent in the second quarter.