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...Baltic Dry Index is the worldwide benchmark for shipping rates of raw materials, and it has registered some eye-popping gains over the past month. The London-based index registered its 23rd straight daily gain on Wednesday, closing at 4,291, its highest mark since September and the longest streak of gains since July 2006. Daily rates for the largest Capesize ships, which typically carry iron ore, rose 6.8% on Wednesday to $93,197. Just five months ago, daily ship-rental rates were hovering just above $2,000, about the price of a great seat on opening...

Author: /time Magazine | Title: The Least Known Key Economic Indicator | 6/5/2009 | See Source »

...escape the burden of incumbency. "Although he has all the means of the country at his disposal, Ahmadinejad's aim was to present himself as the underdog last night, and he succeeded to some extent," former Vice President Mohammad Ali Abtahi commented. "He showed that in order to gain a few more votes, he is willing to put in question the legitimacy of the entire Islamic Republic...

Author: /time Magazine | Title: Iran's Presidential Debate: Will Ahmadinejad's Attacks Backfire? | 6/5/2009 | See Source »

...argued, of course, that life- and disability-insurance companies have everything to gain from customers who live long and healthy lives - and continue to pay their premiums. So it would not be in the insurers' interest to support tobacco use. But the authors argue that in fact, insurers profit both ways. "Although investing in tobacco while selling life or health insurance may seem self-defeating," the authors write, "insurance firms have figured out ways to profit from both. Insurers exclude smokers or, more commonly, charge them higher premiums. Insurers profit - and smokers lose - twice over...

Author: /time Magazine | Title: How Much Do Life Insurers Profit from Tobacco? | 6/4/2009 | See Source »

...pursuit of happiness instead. Perhaps the best way to encourage ethical behavior among MBAs is not to frame “acting in an ethical manner” as a sacrifice—in which wealth is exchanged for virtue—but rather as an opportunity for gain through happiness. Ethical behavior (just like unethical behavior) can be born of self-interest. For everyone’s benefit, publicizing these findings from positive psychology might be just as important as oaths...

Author: By James M. Wilsterman | Title: Happiness and Our Ethical Values | 6/3/2009 | See Source »

...thrilled personally, as a gay scholar, to see that Harvard is making a big leap in terms of being able to show an even greater commitment to LGBT studies,” McCarthy said. “It’s the exciting culmination of a longer struggle to gain legitimacy for the study of LGBT people...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Harvard To Create Endowed Chair in LGBT Studies | 6/3/2009 | See Source »

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