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...world's largest milk producer. Dairy products account for about one-sixth of all E.U. farm produce by value and about 8% of all agriculture exports. But European milk prices have plummeted 40% over the past six months, to around €0.25 ($0.36) per liter, less than the cost of production, according to Copa-Cogeca, a European farmers' association. The group says the price collapse will cost dairy farmers about €10 billion ($14.6 billion) this year alone. (See pictures of cow-pooling...
...bosses from the Renault Formula One team over allegations the team had instructed one of its drivers to deliberately crash in a race last year couldn't have come at a worse time for the sport. In the wake of a threatened walkout by teams fuming at new cost-cutting rules, public squabbling over Formula One's leadership and an episode of spying, the latest revelation could tar the image of motor sport's blue-ribbon event irreparably. The collision by Renault's Nelson Piquet Jr. during the 2008 Singapore Grand Prix - enabling his teammate to snatch an unlikely victory...
...Wait, the boxing bigwigs tell you. Look at the total viewership figures. On average, they say, four to five people get together to watch a big pay-per-view fight in someone's living room, lowering the per-person cost for a $50 bout. Fine. Assuming that for every household that purchased De La Hoya-Mayweather, five people saw it, that's 12 million viewers - not bad. Yet, even by this optimistic measure, boxing's biggest event this decade still couldn't outdraw the audience for last week's New England Patriots-Buffalo Bills regular season game on ESPN, which...
...Vegas. "You know, the guy with his wife or girlfriend. Instead of going to watch a film, why not take in the fight?" Plus, some theaters are in urban areas where boxing fans are less likely to have home access to pay-per-view, and more appreciative of the cost to watch the fight: between $12-15 in the theater versus $50 on pay-per-view...
...proposed regulations are "designed to be cost effective for the consumer over the life of the appliance," says Energy Commission spokesperson Susanne Garfield. The Commission expects California consumers to save between $50 and $250 in electricity costs over the life of the new televisions, and collectively save homeowners nearly $1 billion once the 2013 rules are fully implemented...