Word: price
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...Single sticks go fast at 7 cents each - an especially good price point for kids. And while Yakubu says he doesn't sell to children, other shopkeepers do. About 25% of teens - some as young as 13 - use tobacco in some parts of Nigeria, double the smoking rate of Nigerian men, and many pick up the habit by age 11. That's a demographic powder keg, one that means big trouble if you're a health expert and big promise if you're a tobacco executive. Both sides agree on one thing, though: across all of Africa, cigarettes...
Roosevelt rode back into office in part on a promise to seek a constitutional way of protecting workers; in 1923, the Supreme Court had struck down a Washington, D.C., minimum-wage law, finding it impeded a worker's right to set his own price for his labor. The first federal minimum-wage law, the Fair Labor Standards Act, passed in 1938, with a 25-cent-per-hour wage floor and a 44-hour workweek ceiling for most employees. (It also banned child labor.) Outside of Social Security, said Roosevelt, the law was "the most far-sighted program for the benefit...
...Afghanistan is likely to take years, if not decades, to bear fruit, and there are growing signs that America's patience is fraying. On July 23, Vice President Joe Biden acknowledged that a lot more sacrifice would be required of Americans, but he insisted that it was worth the price to "straighten out" the Afghan-Pakistan border region because of the terrorism threat it potentially represents to Europe and the U.S. Still, American officials are lowering expectations after nearly eight years of fighting in Afghanistan, insisting that progress rather than victory is the best that can be achieved over...
...with surprising speed, fear in Asia has swung back to greed as the region shows signs of recovery - and some economists are warning that asset-price bubbles that had been popped by the global recession may be reinflating. Property and stock prices are soaring in many parts of Asia: Shanghai's main stock-market index has surged about 90% this year, while Indonesian stocks are up 70%. By comparison, the S&P 500 is up 11%. (See the World Economic Forum...
...faction of the Calabrian Mafia used a barber from a small rural town in Calabria as a frontman to buy the historic café in 2005 for some $350,000 dollars, though its commercial value is estimated at $60 million. Italian authorities suspect that the difference between the official price tag and real value was passed under the table...