Word: risinger
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Potential pitfalls aside, the number of companies that are slashing paychecks is rising. According to a survey of 245 large U.S. companies by the human-resources consultancy Watson Wyatt, 5% of firms had reduced salaries by December. In February that figure was up to 7%. And the proportion of companies...
On a beautiful Saturday evening, fans of Harvard football got their first look at next fall’s edition of the Crimson in the annual intra-squad spring game at Harvard Stadium. Unsurprisingly, the first unit, dressed in crimson, demolished its white counterparts in a 42-14 rout. ?...
Eighteen months ago, when the world was awash in asset bubbles, there was perhaps no market more overheated than commodities. Prices of everything from iron ore to palm oil to corn reached dizzying heights. Crude oil nearly quintupled in five years; rice tripled in only five months. World Bank President...
But why are prices rising for some commodities now, in the middle of the worst recession in decades? The answer: demand is recovering, slightly, for some raw materials. In the case of oil, supplies have been reduced by OPEC cutbacks. And commodities traders are bidding up market prices in general...
Since new oilfields and copper mines take years to get into full production, lower investment today causes tighter supply down the road. At the same time, there is every reason to believe that emerging markets such as China and India will continue to be ever more voracious consumers of iron...