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Food Shortages In East Libya Imminent

Tyler Durden's picture




 

It was fun and games so far, with the occasional 10,000 deaths here and there. Now comes the hunger. Reuters quotes a Libyan public health volunteer who says "Rebel-held eastern Libya will start to experience serious food and medical shortages within three weeks. The unrest is disrupting imports, the local supply of fresh food and domestic manufacturing, people in Libya's second city of Benghazi say, with many shops and factories there still closed since the city fell to protesters a week ago. "We will have serious shortages of food, drink, medicine and medical equipment in two weeks, three weeks maximum. We need outside help," said Khalifa el-Faituri, a volunteer with qualifications in public health and pharmacology." So what was merely your 2011 garden variety revolution is about to get really ugly. Somehow we doubt the Libyans will be happy to find that in the past month or so most food prices have increased by 25% or so. The question is who they riot against next?

More from Reuters on what could become the next humanitarian crisis-cum-civil war:

It was unclear just how much supply routes and manufacturing had been disrupted -- Benghazi's port was open, as was east Libya's land border with Egypt.

The shops that were still open were well stocked with snacks, tinned goods and other non-perishable items, but fresh food was scarce.

Thousands of migrant workers from Egypt, Nepal, Bangladesh and other countries who may have worked in food supply chains -- such as vegetable growing and bread baking -- have left the country, which could explain the shortages.

There is a growing sense of unease in Benghazi over food supplies, and some people complained of not being able to find bread and other goods.

"I'm struggling to find basics for my family. Bread, vegetables. Prices have gone up by 75 percent," said restaurant waiter Ayman Ahmed, 50.

It was the same story outside the city.

"Since the uprising there's been no sugar, no pasta, no rice, no fruit. We've got enough to keep us going for a week, but God knows after that," said shopkeeper Naji Othman, in the village of Sultan. His shelves were poorly stocked with mainly packet and tinned food, the fresh produce corner empty.

 

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Mon, 02/28/2011 - 11:41 | 1003806 financeguru500
financeguru500's picture

Send in Red Cross!

Mon, 02/28/2011 - 11:58 | 1003850 Population Bubble
Population Bubble's picture

It is interesting that we have become so dependant on the system that the very act of attempting to destroy the system in effect destroys part of us.

Mon, 02/28/2011 - 11:59 | 1003856 Sudden Debt
Sudden Debt's picture

didn't have your first coffee this morning did ya?

Mon, 02/28/2011 - 12:05 | 1003874 Population Bubble
Population Bubble's picture

Perhaps with the climate changing we will soon be able to grow coffee in the United States.  Something to think about.

Mon, 02/28/2011 - 12:05 | 1003881 Sudden Debt
Sudden Debt's picture

So go long Starbucks?

 

Mon, 02/28/2011 - 12:07 | 1003883 Azannoth
Azannoth's picture

Aparently you didn't get the message that the climate is chanign in the other direction, uh oh you didn't notice ALL that Snow did you ?

Mon, 02/28/2011 - 12:17 | 1003927 Sudden Debt
Sudden Debt's picture

I don't really belief all that nonsense.

Here in Belgium the promised that the climate would warm up just like at the cote d'azur.

I've bought slippers and shorts to be prepared for it...

and all we got was rain...

bastards...

Mon, 02/28/2011 - 13:33 | 1004196 Population Bubble
Population Bubble's picture

Obviously the proper micro-climates must be found.  But you might be right; it seems these weather events are the oscillations of a complex system (planetary climate) approaching instability and searching for the "tipping point".  So it would be quite some time before the new weather system reaches a stable pattern, and by then many of us are likely to be long gone.

Mon, 02/28/2011 - 12:20 | 1003942 GreenSideUp
GreenSideUp's picture

Brilliant, astute statement. 

Mon, 02/28/2011 - 12:26 | 1003971 Flakmeister
Flakmeister's picture

Yes, it was wonderfully pithy... I have a bit more hope, but it is being tested to the breaking with every passing day.

Mon, 02/28/2011 - 12:05 | 1003880 Azannoth
Azannoth's picture

"We've got enough to keep us going for a week, but God knows after that," sure let 'God' handle that after all he's all powerful so a little manna from heaven is no big deal for him ;)

Mon, 02/28/2011 - 11:43 | 1003810 Bearster
Bearster's picture

Wait, you mean if religious zealots have a revolution, and don't worry about production then stuff doesn't materialize to consume?  Dude, like NO WAY!

If people from "outside" are to send them food, what do they promise to give the outsiders in return?  Will they promise not to be a Muslim Brotherhood, islamist, jihadist bunch of psychopaths?  Could we trust such a promise?  Will they even bother to make such a promise?

Mon, 02/28/2011 - 12:03 | 1003868 buzzsaw99
buzzsaw99's picture

These are not the muzzies you are looking for. lulz

Mon, 02/28/2011 - 11:46 | 1003813 Rastadamus
Rastadamus's picture

Babylon is falling bitchez!

Mon, 02/28/2011 - 11:56 | 1003835 TWORIVER
TWORIVER's picture

Judge them Jah!
In your eyes is judgement, in the region

I chant down Babylon, right now
Chant down wicked man, right now
Come mek we chant down Babylon, right now
Them and the wickedness, right now

For the Babylon them a fight
Against the ganjaman
The ganjaman in a Babylon
Happens to be the righteous one

I chant down Babylon, right now
Beat down wickedness, right now
They have committed abominable works

The wickedness reach to the eyes of Jah Jah

The eyes of Jah is looking down

But they can not see
Guiltiness, abundant, wickedness (here this year)

We chant down Babylon, right now
Beat down wicked man, right now
Chant down wicked man, right now
Fight down wickedness

For the people them a starve
Innocent man back against the wall
And the wicked man a ball
But that isn't all

I chant down wicked men, right now
Fight down the wickedness, right now
Stop lasciviousness, right now
Eliminate the wickedness, right now

Oh what a world
What a miserable place, man
I man try hard fi live, Rasta, but chah!

I fight the wicked men, right now
Fight them to the end, right now
Rasta, them a no friend, right now

For they are turning back
Their minds at the back of the track
It seems them must a crack
The whole a them a sniff the rock

Chant down Babylon, right now
Beat down the wickedness, right now

 

Joseph Hill, Culture

Mon, 02/28/2011 - 11:57 | 1003848 Sudden Debt
Sudden Debt's picture

wasn't that a hippie from Jamaica?

Mon, 02/28/2011 - 12:00 | 1003858 TWORIVER
TWORIVER's picture

He was a good man who man who experienced and saw all the wrongs of the world that that this board continually rails against.

 

http://en.wikipedia.org/wiki/Joseph_Hill

Mon, 02/28/2011 - 11:46 | 1003817 Hooter Shaker
Hooter Shaker's picture

Maybe they start eating each other?

Mon, 02/28/2011 - 11:50 | 1003828 101 years and c...
101 years and counting's picture

they can always dig a hole and drink some crude.  light, sweet crude.  yum.

Mon, 02/28/2011 - 11:49 | 1003827 johnnymustardseed
johnnymustardseed's picture

And so it goes..... Who is next? Vietnam? Thailand? Saudi?Oman? Italy? Greece? It will be a mess. I ordered another 500 rounds of .223 to shoot those "rabbits" that might try to steal from my garden

Mon, 02/28/2011 - 13:34 | 1004201 SilverFiend
SilverFiend's picture

That is a big "rabbit"!

Mon, 02/28/2011 - 11:51 | 1003833 Oh regional Indian
Oh regional Indian's picture

if I had to hazard a guess, I'd say that even though all this news makes it look like a world spinning out of control, I'd say the "planners" still have the puppy pretty much under control. "Supply" is what they control, of pretty much everything. See some ADM execs licking their chops? See the Monsanto, GMO crowd licking theirs?

Oil price is firmly in their hands. The biggest lever of all really. f oilcos were to eat losses for a couple of years to allow a smooth post-oil transition..... hahahahahahahahahahah, sorry, I really started laughing once the thought formed. Never going to happen.

And we eat Oil food now-a-days. 40% of the fruits in my local grocery are imported. And this is India, an agrarian nation.

Shortages create war and war creats shortages. Such is how it is.

ORI

http://aadivaahan.wordpress.com/2011/02/27/the-fascinating-dr-chippalone/

Mon, 02/28/2011 - 11:55 | 1003843 Sudden Debt
Sudden Debt's picture

I would be able to survive on snacks. I did it 4 years when I was in college!

 

Mon, 02/28/2011 - 11:55 | 1003844 SilverRhino
SilverRhino's picture

Way to go Bernanke.

Mon, 02/28/2011 - 11:58 | 1003852 Sudden Debt
Sudden Debt's picture

LET THEM EAT PORKMEAT!!

 

 

Mon, 02/28/2011 - 12:06 | 1003887 Henry Chinaski
Henry Chinaski's picture

Pork products!  Love the stuff and have some great recipies that could be included in the relief supplies.

Barbeque bitchez!

Mon, 02/28/2011 - 12:35 | 1004009 ColonelCooper
ColonelCooper's picture

If anyone in the Obama Administration takes part in the planning, the relief will most certainly be pork and Ipods loaded up with his speeches.  Oh, and a big red plastic button that was supposed to say "Democracy", but actually reads, "Allah sucks".

Mon, 02/28/2011 - 12:00 | 1003857 John McCloy
John McCloy's picture

No doubt the President will be airdropping food to the Libyans by the middle of March..paid for by the American taxpayer who has a bottomless pocket.

Mon, 02/28/2011 - 12:04 | 1003875 Sudden Debt
Sudden Debt's picture

B-52 loaded with Coca Cola cans will be airdropped.

better wear a helmet....

 

 

Mon, 02/28/2011 - 12:02 | 1003866 buzzsaw99
buzzsaw99's picture

How much food do the mercs in tripoli have i wonder?

 

Blockade bitchez!

Mon, 02/28/2011 - 12:11 | 1003899 Eric Cartman
Eric Cartman's picture

Well let's just print some money and save the entire middle east while we're at it. 

Mon, 02/28/2011 - 12:15 | 1003917 Sudden Debt
Sudden Debt's picture

Do you realize how much paper pulp costs these days?!

Let's try it first with a QE food relief program, otherwise we might risk of creating inflation which could make things worse.

We wouldn't want that on our concience now do we?

 

Mon, 02/28/2011 - 12:37 | 1004028 Zero Debt
Zero Debt's picture

Bread, vegetables. Prices have gone up by 75 percent.

I was going to check if the Central Bank of Libya was contemplating a rate rise to stem inflation, but their web site seems to be down.

http://cbl.gov.ly/en/

Mon, 02/28/2011 - 13:29 | 1004189 H. Perowne
H. Perowne's picture

They're just auditing the gold reserves. Back in a few.

Mon, 02/28/2011 - 14:01 | 1004291 disabledvet
disabledvet's picture

this is "oil rich Libya" correct?  And "this is the oil rich region of Libya"? yes, yes?

Mon, 02/28/2011 - 14:07 | 1004311 Quaderratic Probing
Quaderratic Probing's picture

Lord Bernanke can turn off the revolution in 15 minutes, but until then take his QE money and speculate in LEAD.......

Mon, 02/28/2011 - 14:26 | 1004367 Fíréan
Fíréan's picture

When reading the comments/replies one wonders if the readers really knew anything about the subject before last week, and if not which is most likely how much have they  learned since ? not much.

Mon, 02/28/2011 - 14:43 | 1004425 skywalker976
skywalker976's picture

mow all this misery with naked assholes of the rotary machine gun until the barrel melts. Or are we not more than Anglo-Saxons?

Mon, 02/28/2011 - 14:49 | 1004435 JW n FL
JW n FL's picture

How hard is it to put a C-130 on the gorund with some food and M-16's??? for the people... and another filled with ammo to use on Go-Daffy!

 

How hard is it to air drop out of C-130's to the hard to reach places? http://www.youtube.com/watch?v=3VkW0xCbolk answer: NOT FUCKING HARD AT ALL!

Mon, 02/28/2011 - 15:36 | 1004597 bunkermeatheadp...
bunkermeatheadprogeny's picture

Between the Mexican frost, oil prices, and QEeeees, tomatoes prices have risen north of $3/lb.

So now I can officially turn shit into gold:

Step 1: Shit in a hole in my back yard.

Step 2: Till until the shit and soil are evenly mixed.

Step 3: Plant tomato seeds and watch em grow.

Step 4: Sell my "organic" tomatoes for $5 / lb.

Step 5: Buy an ounce of gold with every 300 lbs. of tomatoes sold.

- Dumpelstilsken

Mon, 02/28/2011 - 19:02 | 1005284 trendybull459
trendybull459's picture

problem is that thoose countries is discoordinated and dollars dependers,once would they form block like NATO or something then united states would be at mersy of multipal strike from different distinations,i think americans playing very silly and brutal game which will pay off at whole world hating and ignoring their items,do they produce anything really excluding weapons and drug trafficking?The policies of thoos who think they can put world as one big jail would be punished hard or all of you early or later would be prisoners,so  called mouses in big USA pharma ville making on you vaccinas.Just about food,come back to hystory of russian Revolution,it was brigadas (groups of people with special revolutionary rights called "special comission") which could kill any one on the street or confiscate in his house in name of the October Revolution,Jews had sponsored Lenin,Lenin pissed off to them claiming his rights and trying to cut off their demand,finally it was at collapse,then Lenin sold huge territories of future Russia to the germans,they sponsored russian Lenin Revolution,so,thoose special commitie people V-CH-K or later GK-CH-K was chasing houses looking for any food supply,any making fight against was killed,but russians of fallen russia still had fight back,however the sytem was so corrupted that really people was tied off,so,one jew who was not religiouse(russia made 300+ years to make jews off religion,which suppose not participate into any other nations revolutions or disorders,but pray to God to safe world from rap),so,his name Leo Trozkij,man for whom most revolutionist was ready to go with closed eyes,later Stalling uzurpted power from Lenin and Trozkij had run into USA,after second attemp sent by Stalin killer he was killed,the funny thing that many hi hi GK-CH-K guys sent with special mission to support revolutions in other countries never came back with their gold and silver backed money given for thoose revolutions,same process we watch now,the only difference,the usa GK-CH-k agents like Mubarek,Hussein,others are subject to american taxes by expropriation of their holdings in places where they was collected and "safe",riots may come into us streets in time when elite of financial world expecting it at least

Mon, 02/28/2011 - 19:16 | 1005319 trendybull459
trendybull459's picture

This is the truth reality of the Recovery,the YRCW was a second largest transportation company in USA,here is a story,i just remind that managment half year before gave interview to the banks and investors,after which banker said:you are fucker(by selling stock)-stock was trading 0.84$,it collapsed on 40cents,then managment proclaimed vivat restructuring business buming deals and "recovery" and reverse split 1:25 by that time-stock opened at 6.40$ and collapsed to 4.5$,then it was trading down up in 3.25-3.50 range untill recently it jumed to 4.50$ just to close today at 2.8$

YRC Worldwide Inc., through its subsidiaries, provides various transportation services worldwide. The company?s YRC National Transportation unit offers a range of services for the transportation of industrial, commercial, and retail goods, such as apparel, appliances, automotive parts, chemicals, food, furniture, glass, machinery, metal, metal products, non-bulk petroleum products, rubber, textiles, wood, and other manufactured products. It serves manufacturing, wholesale, retail, and government customers. As of December 31, 2009, it had 11704 owned tractors, 1239 leased tractors, 50083 owned trailers, and 3244 leased trailers. Its YRC Regional Transportation unit?s service portfolio includes regional delivery, which comprises next-day local area delivery and second-day services, consolidation/distribution services, protect-from-freezing and hazardous materials handling, and various specialized offerings; expedited delivery, that comprises day-definite, hour-definite, and time definite capabilities; inter-regional delivery; cross-border delivery; and operation of my.yrcregional.com and NewPenn.com, which are e-commerce Websites offering online resources to manage transportation activity. The company?s YRC Logistics units? service portfolio consists of distribution services that include flow through and pool distribution, dedicated warehousing, and value-added services; global services, which comprise international freight forwarding, customs brokerage, and value-added services; and transportation services, such as truckload brokerage, domestic freight forwarding, and transportation management. Its YRC Truckload unit provides customized truckload services on regional and national level through the use of company and team-based drivers. The company was founded in 1924 and is headquartered in Overland Park, Kansas.

YRC Falls After Reaching Deal With Union That Dilutes Equity

YRC Worldwide Inc. fell the most since September after the money-losing trucking company, some of its lenders and union employees agreed to a restructuring that may avoid bankruptcy by diluting shareholders.

YRC tumbled 74 cents, or 22 percent, to $2.68 at 4 p.m. in Nasdaq Stock Market composite trading, the biggest decline since September 30. The non-binding agreement improves YRC’s capital, boosts liquidity and creates “substantial dilution of existing equity holders,” the Overland Park, Kansas-based company said in a statement.

YRC, which has posted annual losses since 2006, took on debt last decade when it expanded through acquisitions. YRC, then called Yellow Corp., bought Roadway Corp. in 2003, and acquired USF Corp. in 2005. The company has suffered as lower- priced entrants took market share during the U.S. recession when demand for freight-hauling services declined.

“The success and viability of YRC is greatly enhanced by this announcement today,” John Lamar, YRC’s chief restructuring officer and lead director, said in an interview. Lamar declined to say how much capital YRC is raising or how many shares it plans to issue.

YRC said in the statement than it can’t provide assurances that it won’t be required "to implement the restructuring under the supervision of a bankruptcy court," which may change the terms.

The deal will provide “meaningful” equity ownership in the company for employees belonging to the Teamsters, the union said in a separate statement.

YRC said it expects to close the transaction by July and will further extend a deferral of interest and fees until then. In December, YRC had agreed to extend the payments until the middle of May. The December agreement had required YRC to agree to recapitalize its balance sheet by today. The company also said its lenders waived its first-quarter profit covenant.

Mon, 02/28/2011 - 19:29 | 1005368 trendybull459
trendybull459's picture

still watch sallary packages of thoose guys who leading second USA lardest tracking company into Bancrupcy

Key Executives     Pay Exercised Mr. William D. Zollars , 63
Chairman, Chief Exec. Officer and Pres 928.00K 0.00 Ms. Sheila K. Taylor , 37
Chief Financial Officer and Exec. VP 193.00K 0.00 Mr. Mike Smid , 55
Chief Operations Officer and Pres of YRC Inc 530.00K 0.00 Mr. Phil Gaines , 47
Sr. VP of Fin. 295.00K 0.00 Mr. Gregory A. Reid , 58
Chief Marketing Officer and Exec. VP N/A N/A Amounts are as of Dec 31, 2009 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year. Currency in USD. View Insiders
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