12 Gallons Of Milk

It's a broken record, but so is everything these days. Global food prices rose again in October, the latest read on the UN's gauge showed. Last month's increase was the largest since May. The index now sits near the highs registered a decade ago, when surging costs contributed to social unrest, forcing the Bernanke Fed to defend itself against allegations that US monetary policy was part of the problem (figure below). October's monthly increase was the third straight. The list of problems