On August 7, 2022, the Senate passed the Inflation Reduction Act of 2022 (H.R. 5376) (the “Act”). The announced goal of the Act is to create an economic initiative to address various.
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right now is the global food crisis. this i think is something just coming onto the agenda. it is going to be dominating, i predict, the conversation in the next few months. let me tell you why, long before vladimir putin invaded ukraine, 2022 was already set to be one of the most dangerousth worst food crises in the first post period. we had a lot of droughts around the world. latin america has two years running a very poor harvest. north africa, africa, very poor harvest. the u.s. harvest doesn t look so great. mostly climate related? climate related, absolutely. to think global grain stocks were very low before putin invaded. ukraine and russia between them, it s hard to exaggerate how important these countries are. they are 30% of globally traded wheat. there are equally big proportions of barley, corn, 80% of sunflower oil, which is a big edible oil. you put all of it together, i
the likely expansion of nato now but there are very big, immediate crises coming on top of that. the one that really worries me right now is the global food crisis. this i think is something just coming onto the agenda. it is going to be dominating, i predict, the conversation in the next few months. let me tell you why. long before vladimir putin invaded ukraine, 2022 was already set to be one of the most dangerous worst food crises in the first post period. we had a lot of droughts around the world. latin america has two years running a very poor harvest. north africa, africa, very poor harvest. the u.s. harvest doesn t look so great. mostly climate related? climate related, absolutely. to think global grain stocks were very low before putin invaded. ukraine and russia between them, it s hard to exaggerate how important these countries are. they are 30% of globally traded wheat. there are equally big proportions of barley, corn, 80%