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Barclays makes £500m betting on food crisis
Outrage as bank revealed to be major speculator while millions face starvation
"The food market is becoming a playground for investors rather than a market place for farmers. The trend of big investors betting on food prices is transforming food into a financial asset while exacerbating the risk of price spikes that hit the poor hardest."- Details
- Written by: Kamran Mofid
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Rupert Murdoch's second daughter attacks News Corp values in keynote address at Edinburgh television festival
(Tea Party, Fox News, Mitt Romney and Paul Ryan: You must take heed for these words Elisabeth has spoken are true.)
“Tensions within the world's most powerful media family were dramatically laid bare on Thursday when Elisabeth Murdoch set out her own vision of media leadership, emphasising humanity over profit and criticising her father's News Corporation for operating with an absence of values.
Giving the keynote MacTaggart address at the MediaGuardian Edinburgh International Television Festival, Rupert Murdoch's second daughter also explicitly contradicted her brother James, chose to praise the BBC, and argued that the Olympics experience demonstrates that television is a force for storytelling rather than a route to political power.
Speaking in public for the first time about the phone-hacking affair, which prompted her to fall out with her brother a year ago, Elisabeth Murdoch said that News Corp had to ask "significant and difficult questions about how some behaviours fell so far short of its values" in the wake of what happened.
She said the lesson from the affair was that any organisation needed to "discuss, affirm and institutionalise a rigorous set of values based on an explicit statement of purpose" – in contrast to News Corp's traditional mode of governance based on executives second-guessing what Rupert would do…
Elisabeth Murdoch took aim at her younger brother James in an extended passage that referred to his own controversial MacTaggart lecture given three years ago.
That speech ended with James – weeks before the Sun switched to the Conservatives – observing that "the only reliable, durable and perpetual guarantor of independence is profit".
Elisabeth said that while loss-making media organisations had their independence "massively challenged", her brother's statement nevertheless "left something out".- Mining in Canada: No native spirituality, No children dancing, No prayers- Ottawa urged
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