Word: demands
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...Some observers wonder how long it will be before the Indian billionaires demand more for their IPL investment than six weeks a year of the players' time. Another concern is that the game has learned nothing from its recent betting scandals. The chief lesson there was that players engaged in matches whose result scarcely matters to them are vulnerable to the charms of bookmakers. Despite the vast amounts of money being tossed around, the real price of the IPL won't be known for some time...
...Yadav is certainly lucky that he's heading Indian Railways during a period of tremendous growth in India. The company is minting money hauling freight for mines thanks to the massive demand for iron ore in China, to cite just one example. But you also have to be clever enough to cash in. Contracts with mining firms are now linked to the price of ore rather than "set in concrete like in the old socialist fashion," says Kumar. "You have to make the best use of the opportunities the global market throws up. Before, we were operating like some Mother...
...speculation on second-home purchases. But José García-Montalvo, an economics professor at Barcelona's Pompeu Fabra University, says basic misconceptions about the rapidly changing Spanish family have exacerbated the problem. Gung-ho developers forged ahead with building projects, in part because government estimates of housing demand made faulty assumptions. A divorced couple, for instance, was automatically calculated as demand for one additional home, though in reality the husband often moves back in with his parents, or two divorcés join each other in a single household. Moreover, young people in Spain tend to live with...
...failed to contain the problem, as it also should have, and so in response more than a dozen other substations in South Florida's electrical grid shut down as well. That caused a cascading regional grid collapse - including the Turkey Point nuclear power plant south of Miami - as electricity demand suddenly outstripped what was being produced. Some 3 million people from South Beach to Tampa to Daytona Beach lost power. No one was hurt; but Miami's already dysfunctional traffic was rendered hopelessly snarled for rush hour...
Shipments of powdered milk from Belarus are providing a temporary respite. The government is "increasing the amount of powdered milk in order to reduce the demand on liquid milk," says Roger Figueroa, executive director of the Venezuelan Milk Industry Chamber. Such shortages of milk and other food staples have intermittently plagued Venezuela since 2003, when the government imposed price controls. Now, the leftist government of President Hugo Chavez is blaming businesses for the crisis even as economic analysts believe the government's own policies have brought about the debacle...