Word: dollarization
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...expand his feedlot, invest in a nearby ethanol plant and buy gizmos that track his fertilizer and pesticide use and the food and drug intake of every cow. It's no accident that agriculture's productivity growth consistently outpaces the rest of the economy--or that farms with million-dollar revenues are the fastest-growing agricultural sector. "We started with a corn knife and a scoop shovel, and look what's happened," he chuckles...
GOLD $782 per troy oz., up from $465 in 2005. Worries about inflation and the falling dollar have fueled its rise...
...million-dollar view is also a reminder that these are boom times for women's magazines. "They are doing much better than the magazine business overall," says Edward Atorino, a managing director at Benchmark, a brokerage firm in New York City. "Everybody thinks the Internet is the only place where things are happening, but the women's magazine field is not getting the attention that it deserves." Ad revenues in Black's division, a unit of Hearst Corp., have tripled since she took over, soaring to $2.5 billion in 2006, from $841 million in 1996. The magazines are being...
...light of this, we welcome Shell’s multimillion-dollar donation to Harvard’s Kennedy School of Government (KSG). Staggered over five years and renewable for five more, the $3.75 million gift will be administered by the KSG but will hopefully fund and bring together research on energy policy in disciplines across the university. We hope this donation will prompt Harvard to become the leader in energy research that it can and should...
...donation is also a milestone for the environmental movement, which is forcing multibillion dollar companies to confront an unpleasant reality from the ground-up. The very source of KSG’s latest donation, Shell, illustrates the transformation of fossil fuel behemoths into supporters of future green energy research. Shell is by no means alone: Other giants like Exxon-Mobil and British Petroleum (BP) have also focused on research on more efficient energy sources and better policies. In fact, for several years now, BP has been cleverly marketing itself as “Beyond Petroleum...