Word: biotech
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REASON Third largest producer of biotech crops in the world, after the U.S. and Canada...
...wonder the biotech industry sees golden rice as a powerful ally in its struggle to win public acceptance. No wonder its critics see it as a cynical ploy. And no wonder so many of those concerned about the twin evils of poverty and hunger look at golden rice and see reflected in it their own passionate conviction that genetically engineered crops can be made to serve the greater public good--that in fact such crops have a critical role to play in feeding a world that is about to add to its present population of 6 billion. As former President...
...critics of agricultural biotechnology right? Is biotech's promise nothing more than overblown corporate hype? The papaya growers in Hawaii's Puna district clamor to disagree. In 1992 a wildfire epidemic of papaya ringspot virus threatened to destroy the state's papaya industry; by 1994, nearly half the state's papaya acreage had been infected, their owners forced to seek outside employment. But then help arrived, in the form of a virus-resistant transgenic papaya developed by Cornell University plant pathologist Dennis Gonsalves...
...double that in the rest of the world. Soon Wambugu hopes to start raising those yields by introducing a transgenic sweet potato that is resistant to the feathery mottle virus. There really is no other option, explains Wambugu, who currently directs the International Service for the Acquisition of Agri-biotech Applications in Nairobi. "You can't control the virus in the field, and you can't breed in resistance through conventional means...
...Merrill Lynch has entered the tradable-funds sweepstakes with HOLDRs (Holders). Again, you pay a sales commission, but the management fee is minimal, and waived altogether if not covered by dividends paid by companies in the portfolio. The basic HOLDR consists of 20 stocks targeting, say, the Internet, biotech or banking industry...