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...world's largest milk producer. Dairy products account for about one-sixth of all E.U. farm produce by value and about 8% of all agriculture exports. But European milk prices have plummeted 40% over the past six months, to around €0.25 ($0.36) per liter, less than the cost of production, according to Copa-Cogeca, a European farmers' association. The group says the price collapse will cost dairy farmers about €10 billion ($14.6 billion) this year alone. (See pictures of cow-pooling...

Author: /time Magazine | Title: Europe's Farmers Spill Milk to Decry Tumbling Prices | 9/21/2009 | See Source »

After the safety scandal broke, Coke and Pepsi relied on small bottles and cut-rate prices to woo customers. The small packages boosted sales but hurt profitability for the companies and their bottlers. In 2005, Singh increased prices 40% to 60% and later introduced new packaging, like 1.25-liter bottles, which boosted in-home consumption. After a drop in sales in 2006, the Indian market began to grow again in 2007. "I can't complain," says S.B.P. Rammohan, owner of Sri Sarvaraya Sugars Ltd., a southern-India Coke bottler. "It's no longer volume at all costs...

Author: /time Magazine | Title: Coke's Recession Boomlet | 9/21/2009 | See Source »

...thing the bug doesn't do much harm to the average human, since it's everywhere - in the air we breathe, the water we drink, even in soil outside our homes. If you receive municipal water, then you're getting about 10 million of these and other microbes per liter of tap water, says Pace. And while it's possible that some people's disease may be specifically related to the bacteria that comes from the shower, the only way to know for sure is to genetically match the pathogen in infected patients with the bugs in their showers...

Author: /time Magazine | Title: What Bacteria Lurk in Your Showerhead? | 9/19/2009 | See Source »

...France - should its lawmakers approve the plan - will become the biggest country yet to try taxes to slow global warming. Initially set at $25 per ton of emitted carbon dioxide (CO2), the tax on the use of oil, natural gas and coal would nudge up the cost of a liter of petrol by $0.06 ($0.23 a gallon), Sarkozy said, and diesel by a little more, helping generate roughly $4.4 billion in annual revenues. A pledge to return that money to taxpayers through various new rebates has so far failed to win over the public; two thirds of voters opposed...

Author: /time Magazine | Title: France Considers a Tax on Carbon Emissions | 9/12/2009 | See Source »

Like its predecessor, you can get a Camaro in different sizes of vroom. The lower-end LS model features a 300-hp, 3.4-liter, V-6 engine that goes from 0 to 60 m.p.h. in 6.1 seconds. The higher-priced SS model, which I drove, has a 6.2-liter, V-8 engine that tops out at 426 hp and cuts the time to 4.7 seconds to reach 60 m.p.h. Is the twitch-quick Mustang GT a little more responsive off the mark? Maybe, but running the Camaro through second, third and fourth gears will quickly, very quickly, make you forget...

Author: /time Magazine | Title: Test-Driving the New 2010 Camaro SS | 8/19/2009 | See Source »

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