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    • He tangata, he tangata, he tangata* November 14, 2018
      *The people, the people, the people: "You just have to meet the people" is the result of a three-week diversity reporting project undertaken by Whitireia Journalism students. The post He tangata, he tangata, he tangata* appeared first on NewsWire.co.nz.
      Newswire Team
    • ‘You just have to meet the people’ – beyond mental health stigma November 13, 2018
      As New Zealand wakes up to the enormity of the mental health issue, more and more of us are finding the will to tell our stories. The NewsWire team puts people at the heart of the story in a project culminating in this multi-media, interactive long read. The post ‘You just have to meet the people’ – beyond mental health stigma appeared first on NewsWire.co.n […]
      Newswire Team
    • Royals put spotlight on mental health at iconic Wellington cafe October 30, 2018
      The royal visitors put Wellington's Maranui cafe in the spotlight on Monday as LEAH TEBBUTT reports. The post Royals put spotlight on mental health at iconic Wellington cafe appeared first on NewsWire.co.nz.
      Leah Tebbutt
    • Anxious moments as armed police board bus October 30, 2018
      Passengers on the Island Bay bus got more than they paid for as NIKITA RAWNSLEY WRATT reports. The post Anxious moments as armed police board bus appeared first on NewsWire.co.nz.
      Nikita Rawnsley-Wratt
    • Robotics team wins big in international competition October 16, 2018
      University robot rolls into the winner’s circle at international competition. BONNIE MOSEN reports. The post Robotics team wins big in international competition appeared first on NewsWire.co.nz.
      Bonnie Mosen
    • Blind patrons catered for at Nutcracker performances October 16, 2018
      The Nutcracker ballet will offer audio description to blind audience members. BONNIE MOSEN reports. The post Blind patrons catered for at Nutcracker performances appeared first on NewsWire.co.nz.
      Bonnie Mosen
    • LISTEN: New Zealanders like their internet without limits October 15, 2018
      Broadband use is rising rapidly In this country. LEAH TEBBUTT reports. The post LISTEN: New Zealanders like their internet without limits appeared first on NewsWire.co.nz.
      Leah Tebbutt
    • LISTEN: Calls for change to benefit system October 15, 2018
      The Green Party wants an overhaul to the benefit system. LEAH TEBBUTT reports. The post LISTEN: Calls for change to benefit system appeared first on NewsWire.co.nz.
      Leah Tebbutt
    • Benefit system failing the most vulnerable October 15, 2018
      Green Party are changing the benefit system. LEAH TEBBUTT reports. The post Benefit system failing the most vulnerable appeared first on NewsWire.co.nz.
      Leah Tebbutt
    • Rainbow crossing a small step in the right direction October 15, 2018
      Members of the rainbow community say Wellington’s new rainbow crossing is a sign of visibility and pride for the capital. The crossing which was officially opened last week was a collaborative effort between the Wellington City Council and the rainbow community. Support group, Inside Out’s national coordinator, Tabby Besley says the crossing is important for […]
      Leah Tebbutt
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Price speculation impacting food supplies

The Guardian has a story in which head of the International Food Policy Research Institute (IFPRI), Joachim von Braun, says tighter regulation is needed to ensure speculators don’t cause an artificial demand in global food markets.

He says if regulation is not tightened, prices would increase excessively and the risk of malnutrition would increase.

He was one of the first to predict the sharp rise in food prices, which has seen protests in Italy, Mexico and India, as well as the number of starving people rise from about 800 million to more than 1 billion:

The world food market is still “seriously exposed” to speculators artificially driving up prices and worsening the risks of malnutrition, according to one of the world’s leading agricultural researchers.

Linking the recent food and financial crises, Joachim von Braun, the head of the International Food Policy Research Institute (IFPRI), warned that the world was at risk of a new panic over grain unless commodity markets were more tightly regulated and production expanded.

“The banking sector is in the process of being re-regulated worldwide, but the food market remains seriously exposed to short-term flows of indexed funds into commodity exchanges. That vulnerability needs to be addressed,” he said in an interview with the Guardian. READ MORE.

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CFTC hopeful of new regulation by late October

A follow up story by Reuters about the Commodity Futures Trading Commission’s process and plans for regulating excessive speculation in the commodity market.

For those who have not been following this story, the CFTC’s moves are part of the Obama administration’s plans to tighten U.S. financial regulation and prevent another banking and market crisis.  Critics have  argued the global financial meltdown over the past several months was caused by laxity in the financial markets:

The Commodity Futures Trading Commission will move aggressively to rein in excessive speculation in energy and commodity markets by focusing on expanding its existing authority and could have new regulations in place by late October.

Bart Chilton, one of five commissioners at the CFTC, said he could not predict what the agency will do, but he would like to see the proposed rules issued in September, then implemented by late October or November after a period of public comment. READ HERE

As a keen supporter of tighter regulation on the commodity exchnge,  Commodify Me! will be following the develpoments of this story with great interest and will be providing comment once details of the CFTC’s plans are a little clearer.