Shabda Gyawali's Blog

85 million barrel of oil is supplied daily in the world ,but the demand is 86. 4million barrel. Price of the oil will keep on rising up until the price kills the demand .Market in United stated looked very gloomy Dow was down almost 400 point and crude oil was closed at $ 138.5 record high .People are blaming diff rent factors to the rise in the oil prices which includes future trading ,geopolitical crisis in Middle east and Africa and high supply from emerging nation . Situation in united states is defiantly bad for sure .Working for one of the biggest auto motive dealership in the world I am very confident the entire country is suffering from the slow down especially the auto motive industries and housing market . Still being trained to be an economist , my personal comment about the econ of united states is that it has not yet see the rock bottom yet . Lets now look at the impact of oil prices in south Asia especially Nepal and India.India’s Congress party-led government increased ...

More than 850 million hungry people around the globe can enjoy a better life if the world sets aside less than 3 per cent of what it spends on purchase of arms every year, for development of agriculture. Pointing out the stark realities of the wasteful spending, FAO director general Jacques Diouf on Tuesday appealed to world leaders for USD 30 billion a year to re-launch agriculture and avert future threats of conflicts over food. In his opening speech at the FAO's Rome Summit called to defuse the current world food crisis, Diouf noted that in 2006 the world spent USD 1.2 trillion on arms while food wasted in a single country could cost USD 100 billion and excess consumption by the world's obese amounted to USD 20 billion. "Against that backdrop, how can we explain to people of good sense and good faith that it was not possible to find USD 30 billion a year to enable 862 million hungry people to enjoy the most fundamental of human rights: the right to food and thus the rig...