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...barge, says David Feider, a spokesman for the grain exporter Cargill. "We're not diverting cargo," he says. The prospect of corn being dumped on the domestic market has already depressed spot prices. But don't expect a break in the price of cornflakes. The corn in a 1-lb. box costs cereal makers just 3˘, a tiny part of the total cost, according to Robert Wiser, an agricultural economist at Iowa State University. Higher energy costs more than offset any cuts in the price of corn...
RELEASED. Xiang Xiang, 4, 176-lb. giant panda; into the wild, marking the first time a member of this endangered species has been bred in captivity and freed; in a forest in Sichuan province, China, as bamboo shoots, the animal's favorite food, were starting to sprout. Officials at Wolong Giant Panda Research Center will monitor Xiang Xiang with a satellite tracking system...
...college seniors hurtle into the job hunt, little fibs on the résumé--for example, claiming a degree when they're three credits shy of graduation--seem harmless enough. So new grads ought to read this memo now: those 20-year-old falsehoods on cream-colored, 32-lb. premium paper have poleaxed so many high-profile executives that you wonder who in the business world hasn't got the message. A résumé listing two fictitious degrees led to the resignation of David Edmondson, CEO of RadioShack, in February. Untruthful curricula vitae have also hobbled the careers of executives...
Built by North American Aviation, the 50-ft., 15,000-lb. X-15 is designed to fly at 4,000 m.p.h., reach altitudes of 100 miles or more. But it had never before been tested in free flight. Last week's test had been postponed six times because of bad weather and failures in the X-15's telemetry and electrical systems. Even as the mother plane carried it above the Mojave Desert, groundlings were quoting odds that the X-15, with wings little bigger than a Cadillac tail fin, would "drop like a rock" when released...
...20th anniversary of Andy Warhol's death next year is creating buzz about the famously misunderstood artist, who uniquely grasped the function of celebrity and mass media in modern society and redefined the barrier between art and commerce. This month Phaidon Press publishes a 15-lb., 624-page visual biography, including 2,000 images, many rare or unpublished. In September PBS will air a documentary by Ric Burns anointing Warhol as the most significant artist of the second half of the 20th century and featuring previously unseen footage of Warhol in his studio in 1962. Also this fall Sienna Miller...