Tuesday, April 8, 2008

Inflation Is Magic (Musical Tribute)

High food prices seen leading to strikes, protests in Asia

SINGAPORE (AFP) — Asia's governments face strikes, protests and hoarding in response to the spiralling cost of food and other essentials that threatens to damage them at the polls, observers say.

Oh, oh, oh.

"There could now be serious discontent, violence and food riots due to the soaring food price spikes," said Rahman.

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It also ordered police to arrest rice hoarders as part of efforts to pre-empt the "impact on peace and order" of rises in basic commodity prices, the police said.

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"I think what is decisive is whether or not the population feels that the government is competent and uncorrupted," Ooi said.

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