by eXpat » Thu 27 Jan 2011, 14:45:25
North African Unrest May Spread as Davos Delegates Warn on Food Inflation
$this->bbcode_second_pass_quote('', 'R')ecord food prices may fan social unrest and fuel inflation beyond North Africa as thousands of people take to the streets of Cairo to denounce President Hosni Mubarak, delegates at the World Economic Forum said.
“This protest won’t end in North Africa; it will spread in many countries because of high unemployment and increasing food prices,” Hamza Alkholi, chairman and chief executive of Saudi Alkholi Group, a holding company investing in industrials and real estate, said in an interview in Davos, Switzerland.
Risks of global instability are rising as governments facing budget crunches cut subsidies that help the poor cope with surging food and fuel costs, the head of the United Nations’ World Food Program said two days ago. World food costs rose to a record in December on higher costs for sugar, grain and oilseeds, the UN reported Jan. 4, contributing to the uprising that ousted Tunisia’s Zine El Abidine Ben Ali on Jan. 14. Protests have spread to Egypt, Algeria, Morocco and Yemen.
An index of 55 food commodities tracked by the UN’s Food and Agriculture Organization gained for a sixth month to 214.7 points, above the previous high of 213.5 in June 2008.
Higher commodity prices are “leading to riots, demonstrations and political instability,” Nouriel Roubini, the New York University economics professor who predicted the financial crisis, said on a Davos panel. “It’s really something that can topple regimes, as we have seen in the Middle East.”
In Egypt, the world’s biggest wheat importer, three people set themselves on fire and thousands protested against President Hosni Mubarak’s government. Egyptian authorities banned protests and tightened security to prevent demonstrators from repeating the rally of Jan. 25.
In Algeria, three were killed and 420 injured at rallies against high food prices and a lack of public housing. Jordanian opposition groups have held peaceful protests against the government, and in Yemen today thousands gathered outside the main university in the capital, Sana’a, demanding that President Ali Abdullah Saleh step down.
http://www.bloomberg.com/news/2011-01-27/north-african-unrest-may-spread-as-davos-delegates-warn-on-food-inflation.htmlAnd the latest one:
Thousands march in Yemen to demand change of government $this->bbcode_second_pass_quote('', 'S')ANAA — Thousands of Yemenis took to the streets of Sanaa Thursday to demand a change of government, inspired by the unrest that has ousted Tunisia's leader and spread to Egypt this week.
Reuters witnesses estimated that around 16,000 Yemenis demonstrated in four parts of Sanaa in the largest rally since a wave of protests rocked Yemen last week, and protesters vowed to escalate the unrest unless their demands were met.
"The people want a change in president," protesters shouted, holding signs that also demanded improvements to living conditions in Yemen, the Arab world's poorest country.
President Ali Abdullah Saleh, a key ally of the United States in a war against a resurgent al-Qaida wing based in Yemen, has ruled this Arabian Peninsula state for over 30 years.
"If the (ruling) party doesn't respond to our demands, we will escalate this until the president falls, just like what happened in Tunisia," said protester Ayub Hassan.
...
Yemen, in the shadow of the world's top oil exporter Saudi Arabia, is struggling with soaring unemployment and dwindling oil and water reserves. Almost half its 23 million people live on $2 a day or less, and a third suffer from chronic hunger.
Mohammed al-Sharfy, a student protester at the Sanaa University rally of around 10,000 protesters, said economic disparities needed to be addressed.