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...crop, while plentiful, will dip by 8%, to 2.38 billion bu., its lowest level in six years. That decline will occur primarily because most wheat farmers harvested 30% fewer acres than last year in return for federal subsidies. Even after this cutback in production, wheat is selling for a mere $2.90 per bu., down sharply from a high of $4.21 in early...

Author: /time Magazine | Title: Bountiful Harvest, Bleak Outlook | 6/21/2005 | See Source »

...problem. The average Hyundai car retails for 10% to 15% less than a comparable Toyota or Honda in the U.S., but with rising labor costs and a weaker dollar, Hyundai must persuade customers to pay more so that profits keep growing. Last year Hyundai's earnings edged up a mere 2% while sales grew 10%. Lehman Bros. auto analyst Zayong Koo says, "They need to show a track record of good-quality cars in order for them to take that next step and raise pricing...

Author: /time Magazine | Title: Hyundai Grows Up | 6/20/2005 | See Source »

...himself, and he has a word he uses better than anyone else in the English language, and he just kept repeating that word followed by "off." [Much laughter.] I remember saying, "Look, Bob, if you don't want to do it, please, just don't tell anyone," because the mere threat of staging it at some point actually keeps a fair bit of pressure on certain politicians...

Author: /time Magazine | Title: Music: Pooh-bahs of Poverty | 6/19/2005 | See Source »

...mere presence of environmentalists marks a sea change. When Beijing approved the massive Three Gorges Dam in 1992, public opposition was nearly impossible. The $24 billion hydropower station at the center of the project, now under construction, will turn the middle of the Yangtze into a lake half the length of California and force 1.5 million people to relocate. Since the dam was conceived as a monument to Communist Party power, opponents were branded as dissidents. Reforms have changed that. "The government sees activist groups as less of a threat now," says Fu Tao, of the Chinese Academy of Social...

Author: /time Magazine | Title: China Rising: Power to the People | 6/19/2005 | See Source »

...real-life role in the culture. Either they are there to move you or to move the products they are associated with. Owned by an artist and not a company, Concrete can be invested with meaningful characteristics that give his stories literary weight. Concrete: The Human Dilemma goes beyond mere genre, combining surprising visuals, smart characters, an entertaining story and above all, engaging issues into a work of valuable literature...

Author: /time Magazine | Title: Heavy | 6/11/2005 | See Source »

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