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Financial giant Barclays is considering an end to food speculation, a controversial practice linked to sudden, dangerous spikes in global food prices. Rich Ricci, head of Barclays’ corporate and investment banking arm, told British lawmakers on Nov. 28 that public disapproval of food speculation may push his bank, the world’s third-largest, to stop altogether. “Market speculation is playing a role in global hunger. Now that science has made this clear, speculation should be unacceptable,” said Yaneer Bar-Yam, president of the New England Complex Systems Institute...
