Be sure to read Joshua Boark's story in today's business section of The Sun. It's about how the cheap dollar, foreign demand and huge corn purchases by government-subsidized ethanol producers are driving up the price of food for American families. Yesterday the government boosted its already-high forecast for U.S. food exports. Boark's opening sentence: "It's a standoff between fuel, foreign trade and American stomachs."
As economist and New York Times columnist Paul Krugman said of ethanol on his blog today: "Bad for the economy, bad for consumers, bad for the planet — what's not to love?"
