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Bio-fuels trigger tortilla price bubble

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Filed: Country: United Kingdom
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Demand for eco-friendly bio-fuels in the US is being blamed for a massive rise

in the price of corn in Mexico. The recent 400 per cent increase in the price of

a tortilla has driven thousands of Mexico's poorest people onto the streets in protest.

The country has been entitled to cheap corn imports from the US for some time,

under the terms of the 1994 North American Free Trade Agreement. However,

as demand for corn in the US has increased, driven by the manufacture of bio-fuels,

the amount of corn available to Mexico has reduced considerably.

According to BBC reports, many business groups have signed up to an agreement

to cap the price of corn. It would put a maximum price on the crop of 77 US cents

per kilo, but since it is not legally binding, it is being widely ignored.

Corn is the staple grain in Mexico, and makes up the main part of the diet for many

people. Since the surge in the cost of tortillas, many are spending up to a third of

their income on the flat breads.

The Mexican government has responded by promising to tackle hoarding and speculation.

President Felipe Calderon also says he has instructed his agriculture secretary to import

corn to improve the supply of the grain.

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Filed: Country: Belarus
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First bad trade deals induced by bad old America through NAFTA was blamed for driving the illegals here and I'm sure this is just more fodder to blame America for Mexico's continued problems.

Maybe they should learn to eat wheat flour tortillas instead. LOL

"Credibility in immigration policy can be summed up in one sentence: Those who should get in, get in; those who should be kept out, are kept out; and those who should not be here will be required to leave."

"...for the system to be credible, people actually have to be deported at the end of the process."

US Congresswoman Barbara Jordan (D-TX)

Testimony to the House Immigration Subcommittee, February 24, 1995

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Let them eat cake.

"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies."

Senator Barack Obama
Senate Floor Speech on Public Debt
March 16, 2006



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Damn Mexicans take our jobs now taking our corn lol.

Citizenship

Event Date

Service Center : California Service Center

CIS Office : San Francisco CA

Date Filed : 2008-06-11

NOA Date : 2008-06-18

Bio. Appt. : 2008-07-08

Citizenship Interview

USCIS San Francisco Field Office

Wednesday, September 10,2008

Time 2:35PM

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Filed: Citizen (pnd) Country: Mexico
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Damn Mexicans take our jobs now taking our corn lol.

excuse me?? damn mexicans? u better learn to stfu... ur mom is freakin damned u arsehole

Let them eat cake.

lol.. yea.. 3 leches cake wouldnt be a bad idea..

El Presidente of VJ

regalame una sonrisita con sabor a viento

tu eres mi vitamina del pecho mi fibra

tu eres todo lo que me equilibra,

un balance, lo que me conplementa

un masajito con sabor a menta,

Deutsch: Du machst das richtig

Wohnen Heute

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Damn Mexicans take our jobs now taking our corn lol.

excuse me?? damn mexicans? u better learn to stfu... ur mom is freakin damned u arsehole

Let them eat cake.

lol.. yea.. 3 leches cake wouldnt be a bad idea..

Chill out man im kidding lol

Citizenship

Event Date

Service Center : California Service Center

CIS Office : San Francisco CA

Date Filed : 2008-06-11

NOA Date : 2008-06-18

Bio. Appt. : 2008-07-08

Citizenship Interview

USCIS San Francisco Field Office

Wednesday, September 10,2008

Time 2:35PM

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