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Global food prices are expected to increase this year after falling a bit in the last three months of 2012, and they could rise sharply if there are new weather-related crop failures, according to the United Nations’ Food and Agriculture Organization, Reuters reported Thursday. In the U.S., food prices are expected to rise between 3% and 4% this year overall, according to the American Farm Bureau Federation and the Agriculture Department, the Argus Leader reported.[…] Continue Reading »

Markets continued to fall Monday as investors reacted to a historic downgrade of the U.S. credit rating, sparking concerns that the economy is headed into another recession before many have recovered from the last one. Nobody wants to think another recession is on the horizon, but economists began broaching the possibility in earnest after last week’s massive market slide.[…] Continue Reading »