Word: price
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...Thirty years ago, 3 billion people were not even participating in the world economy, and now they are trying to live like we do," he notes. That emerging megaforce, says Rogers, will put a supertight squeeze on commodity prices across the board, from beef to bullion. For the unconvinced, he pulls out a chart showing the average daily per capita consumption of oil in the U.S. at 0.677 bbl., vs. India's infinitely smaller consumption (0.021 bbl.) and China's (0.049 bbl.). "Even if the Chinese and Indians just start consuming as much electricity as Koreans now do, the price...
...financial structure that had become overly reliant on exports. By raising concerns over instability, he was also cautioning of the perils of overreliance on energy, industrial materials and base metals. In an era of booming global growth, the threat of the so-called commodity supercycle and its ever higher price structure was a crushing burden on resource-intensive developing nations. The Premier urged China to focus more on what he called a "scientific development" strategy that would be based on improved efficiencies of resource consumption. Similarly, by warning of a lack of coordination, Wen was highlighting the fragmentation...
...reason e-readers are getting traction is that competition is driving down prices. Amazon has cut the price of the Kindle by $100 over the past six months, to $259. As e-readers proliferate and price disparities narrow, manufacturers are trying to differentiate their products by adding features such as MP3 players and touch screens. The eSlick by Foxit, based in Fremont, Calif., allows users to listen to songs while reading. Asustek recently unveiled a prototype e-reader with two screens, which would more closely duplicate the traditional reading experience, although the device that the company expects to release later...
Already, food shortages have become a major concern for the government, as the retail prices of vegetables shoot up. Damage to the onion crop in the recent floods, for example, saw the vegetable's price double within days...
...their part, Israelis are wary that they will be asked to pay a price for America's foreign-policy blunders in Iraq and Afghanistan, in the form of a regional settlement unfavorable to the Jewish state. Some polls show that only 4% of Israelis think Obama is "pro-Israeli." Bucking the trend of Israeli leaders' avoidance of confrontations with the White House, Netanyahu has seen his popularity spike as a result of his defiance of U.S. demands for a complete settlement freeze...