The sudden increase in food prices in 2008 created global crisis causing political and economical imbalance and social disturbance in both poor and developed nations. The short term causes for the rise of food prices are untimely droughts in grain-producing nations, increase in oil prices which led to increase in costs of fertilizers, food transport, and industrial agriculture or modernized agriculture, increasing use of bio-fuels in several countries that is, diverting of farm lands to produce fuel, increase in demand for different diet products, decrease in world-food stock. The long term reasons for rise in food prices are fundamental changes in trade and agricultural production, risky marketing of goods, and climate change. Major rice exporters, such as China, Brazil, India, Indonesia, Vietnam, Cambodia and Egypt, have imposed strict export bans on rice in order to secure food remains for their internal populations. The emergency steps that should be taken to come out of this crisis is to improve productivity in the commercial food crop sector, in terms of production, processing and marketing or else people will suffer from lack of nutrition. Agricultural development should be given top most importance on the global agenda. Governments should allow farmers to access little more fertilizer, phytosanitary products, good roads, processing facilities, credit, advisory services, insurance and information on prices, cut police taxes on roads and the cost of diesel.
November 17, 2009
Rise in Food Prices Created imbalance in Poor and Developed Countries
iPhone Created Revolution in use of Mobile phones
Apple has revolutionized the way to approach mobile phones. Apple has inserted application and design into a single device. Sales of iphones reached half a billion turnover after its release in span of two months. It became so much popular because of its features. It is having a serious impact on the mobile and computing industries. Apple iphone is simply a greatest smart phone ever developed, as it is very easy to use. It became standard for all future cell phone developments. The touchscreen technology used in this is marvelous. Apple’s chief executive, Steve Jobs, launched iphone and called it as “magic”, “super-smart”, super-hyped device, which provides more ordinary functions of the traditional phone. The iPhone uses Apple’s OSX operating system and enables users to watch films, download songs, store photos, as well as provides facilities like emailing, seeing calendar, and contacts. The new iPhone 3G was introduced on June 9, 2008 combining all the advanced features of iPhone with 3G networking that is very fast. It is made available in 70 countries. As Apple, iphone has good rechargeable battery, which lasts for long time, as it looks very stylish and design is unique, and available in good colors, they became very popular.
Financial Crisis is supposed to be recovered by 2011
Popular economists have declared the financial crisis of 2007–2009, the worst financial crisis since the one pertained to the Great Depression of the 1930s. It is responsible for the failure of important businesses, downfall in consumer wealth that is evaluated in the trillions of U.S. Dollars, acquisition of important financial commitments by government, and critical decline in economic activity. There are many causes for the economic crisis with varying consequence. With the increase in loan losses and the fall of Lehman Brothers on September 15, 2008, a big alarm broke out on the inter-bank loan market. The banks of United States and Europe experienced huge losses, faced bankruptcy and this resulted in massive public financial assistance. The effects of global recession are, sudden drop in the international trade, increasing unemployment and increase in prices of goods. Several economists have supposed that recovery from recession may not appear until 2011. Growth in financial or material demand, improper regulation and administration and increasing irregularity contributed to the economic crisis which in turn led to excessive increase of resource prices. It had a severe impact on the world. There is drop in the world stock markets, large financial institutions have collapsed, and even the wealthiest nations had introduced rescue packages to provide guarantee to their financial systems.
Large Hadron Collider Experiment is Successful
The Large Hadron Collider (LHC) is the world’s largest and highest-energy particle accelerator. It is situated in a tunnel having the dimensions of 27kilometres (17mi) circumference, located at 175metres (570ft) underground in the Franco-Swiss border near Geneva, Switzerland and its cost of building is 10 billion dollars. Two rays of subatomic particles called ‘hadrons’ either protons or lead ions will travel in opposite directions inside the circular accelerator, acquiring energy when passing through each orbit. By colliding the two beams head-on at very high energy, Physicists assumed that they could recreate the conditions just after the Big Bang. The new particles created after many physicists around the world with many experiments study the collision. They expected that many theories will come into existence and new world of physics will be emerged as the Standard Model of particle physics could only explain the fundamental laws of Nature but working and emergence of world is not explained whereas LHC can provide solution to this. The main aim of this collider is to investigate questions on Universe like creation of new particles ‘Higgs Boson’ which do not exist before. The initial test on LHC was conducted on 10th September 2008. This experiment’s opponents, who had taken its architects to court in the United States and France, believed that earth will disappear as it will create black holes. Some people argued on creating of black holes and some argued that everything will be swallowed by black holes with Large Hadron Collider. But LHC experiment is successful.
Terrorist Attack in Mumbai Drew World Wide Attention
The terrorist attacks occurred at seven places in South Mumbai at Chhatrapati Shivaji Terminus, the Oberoi Trident, the Taj Mahal Palace & Tower, Leopold Cafe, Cama Hospital, the Orthodox Jewish-owned Nariman House, the Metro Cinema theatre. The shooting and bombing attacks by more than ten people, began on 26 November 2008 and lasted until 29 November, killing nearly 173 people and wounding nearly 308 people. After the 9/11 (terrorist attack on World Trade Centers in US) incident in 2001, the 26/11 (the Mumbai terror attack on 26 November 2008) is the terror attack to which the world turned its attention with serious concern as the hotels on which attacks were made had British, US, Israeli and some other nation citizens. The world leaders confirmed their support for India and showed unity in blaming the act in positive terms. The degree of terror act intimated the long-term plan of the terrorists that are associated with organizations like Al Qaeda of Pakistan. The three demands put forth by India on Pakistan are that they should handover the criminals involved in the attack to allow legal proceedings in India, it should destroy the terror networks established in Pakistan to prevent attacks on India and it must accept bilateral, multilateral and international agreements against terrorism. Though Pakistan has started the process of investigation superficially under the pressure of US, the results demonstrate the negligent approach of Islamabad in destroying terrorist organizations.