the drought is drying up corn production making the cost red-hot. the usda warns that two-thirds of corn is being grown in areas from moderate to extreme drought. instead of the $5 a bush shell expected, farmers and ranchers are paying $7.50 a bush shell. the fists% increase can funnel into beef, pork, chicken prices all of which use corn as a key livestock feed. that s not all. corn is used to make a bio fuel called ethanol, and its prices are at more than half a year high. that could make the one major purchase for most homes gasoline that has been falling start to climb again. ethanol is used in many grades of gas. the midwest is not the only part of the country feeling the heat. farmers in the south are finding that vegetables are drying up on the vine. and with no hay growing in places like missouri, cattle could be scarce in some areas.
this is unreleased video of the kwie wildfires through the perspective of firefighters. the fire has killed two people destroying 300 houses and forced thousands out of their homes. at this hour it s about 70 percent contained. well it costs 7 times more than typical fuel but the navy now steaming ahead with a plan to power shift with bio fuel. this stuff costs $26 per gallon. that of course compared to 3.60 for regular fuel that many of us pay. the navy wants half of the fleet running on alternative fuel by 2020. republicans criticizing that plan saying the president s initiatives are not ready for the marketplace. they point to solyndra going bankrupt as a prime example. occupiers getting aggressive with the city of brotherly love.
according to the government. doctors make between 168,000 and 135 thousand. dentists and orthodontists make a killing, too. ceo s took home the third spot $176,000 oil engineers and lawyers rounding out the top 5. journalists not on the top five list. no, we are not. it is 12 minutes after the top of the hour. the muslim brotherhood known for their radical views there are new concerns about what their reign will bring. a look behind the brotherhood is coming up, coming up shortly after the break. is it really worth it to go green when it costs $26 for one gallon of fuel? that s what the navy is saying to fuel american war ships. gas looking better and better for the navy. national average 3.33. much cheaper than bio fuel.
but israeli wants new negotiations with him and the u.s. is threatening to move his move in the security council. in britain murdoch news international, the publisher of the defunct news of the world is negotiating a settlement with the family of a murdered teenager. those are the headlines. from cnn, the world s news leader, i m zain verjee and world business today starts now. good morning from cnn london. i m nina dos santos. and a great afternoon from you, i m manesha tank. this is world business today and these are your top stories. the global showdown and prada profits are pushed ever higher. a worry iing tragedy in greece. higher suicide rate. and the surprising makeover for the people s car. look at the gold-plated car here. let s send you straight to the stock market action. this is where the leading indices stand about an hour into the trading session, the dax is leading the way up in excess of 1.5%. in italy investors seem to be shrugging off news
that is true. these sit ins work. i would respect more if they were standing. but they were sitting. it was conserving energy. she was wearing an i m too pretty to do homework t-shirt. it does prove that it is not true that darrell hannah can t get arrested. it s true. i will ask that later because i don t know the answer. dana, does she does any of her ideas have any merit at all. they have done some investing and he says alternative energy is a really good marketing campaign, but we are burning food instead of oil. that s what bio fuel is. it suggests your secondary