Food Prices Skyrocket in Libyan Capital
By MAGGIE MICHAEL, Associated Press
February 28th, 2011
TRIPOLI, Libya – Residents of Libya’s capital say prices for basic foodstuffs are skyrocketing and long lines form at bakeries for rationed bread as Moammar Gadhafi loyals clamp down in Tripoli.
One resident tells The Associated Press that the price of rice, a main staple, has gone up 500 percent amid the crisis, reaching the equivalent of $40 for a five kilogram (10 pound) bag. Bakeries are limited to selling five loafs of bread per family.
She says most Tripoli residents are staying in their homes as pro-Gadhafi security forces man checkpoints around the city of 2 million.
The Libyan regime has been battling protesters demanding Gadhafi’s ouster, with the country’s east now under the control of rebels backed by troops who have defected.
Follow @IntelHub







Venture capital is monitory capital given to at the begging stage, high-potential, high risk, growth startup companies. Venture capital is also related with work creation accounting for 22% of US gross domestic product the awareness wealth, and utilized as a proxy action of creation within an economic division or natural features. Venture capitalists are usually very selective in determining what to invest in; as a rule of thumb, finance may spend many chances presented to it. Running a work and one of the aspects that business creation gets most daunting is mobilizing start-up capital.