Word: weatherings
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There are some things Harvard students have come to expect in the month of May: improved weather, online TV episodes during reading period, and lots of e-mail spam regarding senior sales. One thing that should be added to this list of May mainstays is the presence of the Harvard sailing team in national championship regattas. After the women’s squad’s one-year hiatus from the national championship, the Crimson’s co-ed and women’s teams qualified for all three of their national affairs, with the contests taking place...
...Analyst Ed Najarian, who follows bank stocks at independent research firm ISI Group, says Wells will weather the current economic crisis better than its rivals, but that investors shouldn't take much comfort in that. "We think Wells' earnings may be lower than expected in the second half of this year as credit losses rise and mortgage-origination revenue declines," says Najarian, who rates Wells shares a "hold." (Watch TIME's video of Peter Schiff trash-talking the markets...
...caffeine addicts negotiating the recession, this ought to give you a jolt: production problems are driving up the cost of coffee and tea on international markets. Rotten weather in Colombia helped push an index of coffee prices compiled by London's International Coffee Organization (ICO) to its highest level since September on Wednesday, just as futures prices for Arabica beans - which make up the bulk of the world's supply - topped $1.35 per lb. in New York, the highest since October. Recent droughts from Sri Lanka to Kenya, meanwhile, have constrained tea production, forcing up crop prices at auction...
...replace old coffee trees with new, higher-yielding ones had put some areas out of production until the young trees mature. Combined, the twin pressures have squeezed Colombian coffee output by 16% in the current crop year, according to the ICO, which represents exporting and importing countries worldwide. Wet weather also stymied production to the north, in Central America, driving up prices there too. (See pictures of coffee...
Rainy-Day Guarantees. The Montauk Yacht Club hotel, on the east end of New York's Long Island, is offering a Sunshine Bailout incentive for you to check out its 107 newly renovated rooms. If you encounter wet weather - defined as six hours of rain during the day - while staying there, you'll get a certificate redeemable for a free night before Nov. 1. Rooms start at $229 per night. (If it does rain, you can always check out the full-service spa.) 32 Star Island Road, Montauk...