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...While global coffee consumption grew slightly last year, the level in Europe - which brews up roughly twice as much as the U.S. in absolute terms - fell by 2%. "There's still a bit more to come with regards to demand erosion" in both of those big markets, says Abah Ofon, a commodities analyst with Standard Chartered in Dubai. Any growth in demand from developing markets, he says, is "insufficient to lift a market which is falling...
...efforts of students and faculty are alreadyforcing the administration to look seriously tothe future. Members of the community have starteddozens of projects designed to harness theInternet, from the Harvard College Library'sGateway Project to increase the availability ofon-line database to the student technology groupDigitas' effort at publishing a magazine over thenetwork...
Federal District Judge Jacob Mishler of Brooklyn ruled this month that Eliçofon, now 77, must return the paintings whose value is now estimated at up to $5 million apiece, to the Art Collection of Weimar, a museum in East Germany. In his 87-page decision, Mishler wrote that the museum "has demonstrated that the Dürers were stolen and that it is entitled as owner to possession." Of the 7,900 paintings listed as "destroyed and vanished" between 1939 and 1945 in East and West Germany, the Dürers are the only notable works that have...
...ofon calls the verdict "wrong and unfair." Instead of granting a motion for summary judgment, he argues, Judge Mishler should have submitted the case to a jury to decide whether the Weimar museum had really proved its contention that the Dürers were stolen. He also maintains that he bought the paintings in good faith and that no one could prove that the seller had not somehow acquired valid title to them in Germany. Therefore, he contends, the German law of "good faith acquisition" should protect his ownership. Says...
...while, the Dürers will remain in a Manhattan bank vault, where they have been locked away from the skirmishes of the past 15 years. If Eliçofon, a Latvian-born Jew who grew up in a New York tenement, wins his appeal, he plans to sell the Dürers and donate some of the proceeds to Jewish charities. Says he: "It would be a minute reparation for the wrongs done to the Jews by the Germans...