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Thanks to Asia's construction boom, the price of copper has risen from less than $1 per pound (0.45 kg) in 2003 to more than $4 per pound in April, and burglars are lifting the metal wherever they can find it. The copper in plumbing, air conditioners, utility wire, rain gutters, sprinklers and bronze sculptures like Dan (bronze is a copper alloy) is easy to sell and tough to trace, police say, making it a popular cash source for meth addicts...

Author: /time Magazine | Title: Copper and Robbers | 6/12/2008 | See Source »

...follow Asia's example and achieve a dramatic increase in agricultural output. That's true, but only 4% of national budgets are currently spent on agriculture, and investment is hampered by precolonial land rights that still prevail in most of sub-Saharan Africa. Meanwhile the cost of fertilizer has risen even more dramatically than the cost of fuel, leaving farmers facing a triple whammy: oil- and food-price rises, plus a lack of credit. Aliko Dangote, a Nigerian businessman and Africa's richest man, said small farmers are not supported by governments. "Farmers would have to grow gold" to make...

Author: /time Magazine | Title: Africa's Leadership Crisis | 6/11/2008 | See Source »

...century, and that federal subsidies now worth up to $13 billion a plant - roughly how much it now costs to build one - still haven't encouraged private industry to back the atomic revival. At the same time, the price of building a plant - all that concrete and steel - has risen dramatically in recent years, while the nuclear workforce has aged and shrunk. Nuclear supporters like Moore who argue that atomic plants are much cheaper than renewables tend to forget the sky-high capital costs, not to mention the huge liability risk of an accident - the insurance industry won't cover...

Author: /time Magazine | Title: Is Nuclear Power Viable? | 6/6/2008 | See Source »

...annoyed, Iā€™m irritated. I just think that a person who speaks for the class should be able to impart words from experience, especially someone who has risen so much and has come so far, from right where we are,ā€ said Jennifer C. Arcila ā€™08, who was among the steady trickle heading out before the speech finished...

Author: By Maxwell L. Child and Thomas J. Lawless, CRIMSON STAFF WRITERSS | Title: Bernanke's Class Day Speech Leaves Many Unimpressed, Wet | 6/4/2008 | See Source »

...people expect an increase in inflation to be temporary and do not build it into their longer-term plans for setting wages and prices, then the inflation created by a shock to oil prices will tend to fade relatively quickly. Some indicators of longer-term inflation expectations have risen in recent months, which is a significant concern for the Federal Reserve. We will need to monitor that situation closely. However, changes in long-term inflation expectations have been measured in tenths of a percentage point this time around rather than in whole percentage points, as appeared to be the case...

Author: By Crimson News Staff | Title: Full Text of Ben Bernanke's Class Day Speech | 6/4/2008 | See Source »

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