Word: pricing
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...place, says Mironov, but "there are bottlenecks" in the process - namely scale and cost. Given the current technology, it would cost $1 million to turn out a 250g piece of beef. The problem boils down to producing a cell-culture medium in large enough quantities at a low enough price (it's the same problem facing tissue engineers who are attempting to grow artificial organs for human transplant). So, two weeks ago, an international group of experts assembled in Norway for the first In Vitro Meat Consortium symposium to talk about how to scale up the technology and sustain...
...would pursue less stringent policies. They would rather have the ECB lower interest rates and increase monetary supply to sustain growth, especially in the wake of the ongoing global financial crisis. Although these politicians worry about short-term political costs, the policies of the ECB are necessary for continued price stability and long-term growth...
...inception in the Maastricht Treaty of 1992, and largely due to the powerful influence of the conservative German Budnesbank, the ECB’s main charter goal is not to ensure growth (and the political survival of politicians in office). Rather, it is to “maintain price stability...
...officials know better or, at the very least, have better memory. The goal of maintaining price stability effectively means pursuing a responsible monetary policy to avoid spiralling inflation, which this year will be well above the two percent goal because of high commodity and energy prices. Even disregarding the Weimar Republic nightmares of the twenties, European bankers remember the dangers of stagflation in the late seventies, and the misallocating effects of irresponsible inflationary policies in continental Europe before the euro. After all, before being constrained by the ECB straightjacket, central bankers in countries like Italy gave in to politicians, expanding...
...program is cost-effective for students, but it does not account for the importance of intellectual property, and schools need to find a way to satisfy the needs of both parties. Universities should make an effort to shoulder the burden of copyright costs that hike up the price of textbooks. In doing so, however, they must creatively lower costs while remaining within the confines of the law. Although copyright law leads to hundred-dollar course packs that are costly to universities and students, intellectual property law ensures the ongoing production of the journals and scholarly work that are necessary...