Gas prices are not the only thing on the rise. As of yesterday, corn is at its highest level in three years at $7.60 a bushel and prices are not predicated to go down anytime soon. The United States government anticipates a shortage despite farmers’ intent to plant 5 percent more acreage of corn this year, a shortage is still predicted.
Read more on Experts Point Fingers at Ethanol for Rising Corn Prices…
Last week President Obama gave an address outlining his new energy policy. In light of the tragic events in Japan, the speech was much anticipated especially considering the president’s prior commitment to nuclear energy.
In “Betrayed by Madoff, Yeshiva U. Adds a Lesson,” the New York Times interviews students and teachers at the New York University which was closely linked to Bernard Madoff, the financier who has been charged by federal prosecutors with orchestrating a $50 billion Ponzi scheme fraud.
If you’re looking for the latest on how “Sensationalist Reporting Muddles Catholic Social Teaching”, check out these recent contributions:
Yesterday, the New York Times ran a perceptive op-ed, noting the negative consequences of relaxed strictures on items such as sex and eating meat on Fridays. The author uses economic thinking to justify more traditional mores:
