Word: cents
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...With divorce rates skyrocketing, even in Catholic southern Europe, the urge to look for silver linings is strong. Italy, for example, has seen a leap of 71 per cent since 1994, according to the research institute Eurispes. In 2003, there were nearly half as many separations and divorces as there were marriages. Increasing numbers of children are born out of wedlock. Not too long ago, such children - and their mothers - were stigmatized. Not any more, says Grazia Francolini, a director of corporate strategy for TNT Italy, who lives in San Donato, near Milan. At age 36, her mother had married...
...price of oil jumped $2 a barrel on Monday, past its record $77 close, on word that British driller BP would shut down its field at Alaska's Prudhoe Bay because of corroded, leaky pipes. Immediately, analysts predicted a 3- to 5-cent spike in the price of gasoline, and a ripple effect that could push up prices on everything from airline tickets to petroleum products like plastics. Ten years ago, the markets would have hardly batted an eyelash at the loss of Prudhoe Bay, which accounts for less than 2% of daily U.S. oil consumption. But with production...
Thanks to spiking metal prices caused by demand from China and India and a couple of smelting-factory shutdowns in Mexico you may not have heard about, the zinc inside a penny now costs .83 of a cent. (The U.S. got rid of almost all the expensive copper in 1982.) Add distribution and production costs, and you're up to 1.3 cents to make a penny, which freaks people out. That's because the U.S. Mint claims to make a profit, called seigniorage, on the difference between the cost of producing currency and its value. That, however, is stupid. Printing...
Americans for Common Cents (also known as Mark Weller) says polls show that two-thirds of Americans are loath to let pennies go. Rounding to the nickel, Weller insists, would be manipulated by merchants to screw the consumer. Playing to our patriotism, he cites the coin's tradition. Playing to our guilt, he says penny drives bring charities millions. And playing to our fears, Weller says the penny is a psychological hedge against inflation, a consideration the European Union factored in when it decided to make a one-cent euro coin (though several countries have since effectively banished...
...neither by doctors, who refuse patients tests, nor by epidemiologists, who subscribe to much deflated AIDS rate statistics. Though the percentage of infected individuals here is many times greater than the most heavily affected countries in the West, Niger is not South Africa, where as much as 40 per cent of the population is HIV positive, and almost all of them have no idea. In African nations like these, AIDS is rife and medications are next to impossible to come by.In 2001, generic drug manufacturers surfaced in countries such as India and Brazil that could produce and sell crucial AIDS...