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Food crisis benefits Goldman Sachs

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Published on Feb 11, 2011

We're in the midst of a global food crisis — the second in three years. It's one factor fueling uprisings and protests in Tunisia, Egypt, and elsewhere. World food prices hit a record in January, driven by huge increases in the prices of wheat, corn, sugar and oils. Contributing Editor for Harper's Magazine Frederick Kaufman warns there's a direct link between the sky rocketing cost of food and Wall Street, particularly Goldman Sachs who own major shares of food commodities.

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