Word: surpluses
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...encourage farmers to spend time and money growing chilies, Osborn realized they had to see it as not just a defensive move, but as a business venture. "Then there's no question of sustainability," he says. So Osborn set up the Elephant Pepper Company, buying surplus chilies left over from what was needed for elephant deterrents and turning them into sauce. Initially he worked from his kitchen in Harare, Zimbabwe, making around 500 bottles of hot sauce a year, which he sold in local supermarkets. Today, with the help of new partner Michael Gravina, he has expanded, selling some chilies...
...Other proposals include scrapping the practice of "set-asides" - whereby farmers have to leave 10% of their land idle at any given time - and ending the practice of buying surplus production of key commodities like cereals at a guaranteed price...
...late '70s. Passing under several sets of new owners, Valextra languished as workmanship diminished, until 2003 when new owners began a return to the company's roots. It lured back artisans that had retired after Fontana's departure, created an apprentice program for new workers and shuttered surplus boutiques. Making strides to rebuild its DNA, Valextra is firmly positioned for another successful takeoff...
...limits on essential goods like meat to moderate prices. But rather than blow a windfall from commodity exports--prices for Argentine products like soybeans have hit all-time highs in recent years--Argentina replenished its foreign reserves (a record $44 billion today), pared debt and built a strong fiscal surplus. "Overspending and overindebtedness caused the crisis," says Redrado, noting that much of that excess occurred, ironically, during the more market-oriented government of President Carlos Menem in the 1990s. "This is no longer a policy of the right or the left. It is common sense...
...economy will soon boil over simply because it's growing at about 8% to 9% a year. Japan, he pointed out, averaged a growth rate of about 10% for 25 years during its big developmental leap starting in the 1950s. China's inflation is relatively low, and a huge surplus of workers in China keeps the labor market humming--and cheap. The starting salary of an average Chinese college graduate today is one-third lower than it was three years ago, Fang said, and 30% or more of graduates can't find jobs despite the 9.1% growth rate. "Wage pressure...