YOU GUYS JUST PASS THAT CAP AND TRADE BILL WHENEVER YOU GET AROUND TO IT: “Russia banned all exports of grain on Thursday after millions of acres of wheat withered in a severe drought, a portentous decision at a time when crop failures caused by heat and flooding span the northern hemisphere. Russia’s prime minister, Vladimir V. Putin, announced the ban, from Aug. 15 to Dec. 31, saying it was necessary to curb rising prices for food inside Russia, one of the world’s largest wheat exporters, which is suffering the hottest temperatures recorded since record-keeping began more than 130 years ago… The decision caused an immediate and sharp rise in the already high global price of wheat. It rose more than 8 percent in early trading on the Chicago Board of Trade on Thursday, after having increased about 90 percent since June.” [NYT]
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