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...companies who make those products, and their shareholders, will soon ask themselves the same question. A recent report from analysts at Bank of America/Merrill Lynch in Mumbai projects "a 10 to 15% pullback in equities led by drought-led growth cuts." Every major drought in India has a pervasive impact on the economy, which is unlikely to meet the government's projected 7% GDP growth this year. (Analysts expect 6% or less.) With crops failing, food prices will go up everywhere, pushing up inflation. Mohammed Nadim, a vendor in Hoshiarpur, says the wholesale price of his cartful of sweet corn...

Author: /time Magazine | Title: In Drought, India's Economy is Feeling the Heat | 8/23/2009 | See Source »

Environmental Impact: Waste A 1,000-head feedlot produces up to 280 tons of manure a week, and the smell can be powerful. All that feed corn requires millions of tons of fertilizer and, ultimately, a lot of petroleum...

Author: /time Magazine | Title: Getting Real About the High Price of Cheap Food | 8/21/2009 | See Source »

...Human Impact: Fat Attack Feeding corn to cattle for the last several months of their lives doesn't just get them fatter faster; it also changes the quality of the beef. Corn helps produce that marbled taste many of us love, but it can result in beef that is higher in fat - helping to fuel the obesity epidemic...

Author: /time Magazine | Title: Getting Real About the High Price of Cheap Food | 8/21/2009 | See Source »

After years of declining participation by universities in US News’ “peer reputation” surveys, response increased this year from 46 percent to 48 percent. Morse said that he believes the impact of the 2007 boycott on the peer reputation survey by advocacy group The Education Conservancy might be waning...

Author: By Jillian K. Kushner, CRIMSON STAFF WRITER | Title: Harvard, Princeton Tie for #1 in US News Ranking | 8/21/2009 | See Source »

...bomb exploded in the forward cargo hold of Pan Am Flight 103, a jetliner flying from London to New York. Within less than a minute, the Boeing 747 splintered into thousands of pieces and fell 31,000 feet, smashing down in the village of Lockerbie, Scotland. The impact killed 11 villagers and destroyed 21 homes. None of the 259 people on board the aircraft survived...

Author: /time Magazine | Title: The Lockerbie Bomber: Abdel Basset al-Megrahi | 8/21/2009 | See Source »

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