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...contributed to a doubling of the price of rice this past spring, which in turn led to food riots in countries like Indonesia, the Philippines and Egypt. And that's the real impact of water scarcity--food scarcity. It takes 150 gal. of water to grow a pound of wheat, up to 650 gal. for a pound of rice and 3,000 gal. to raise the equivalent of a quarter-pound of beef...

Author: /time Magazine | Title: Dying for A Drink | 12/4/2008 | See Source »

Then there are the sites that are supposed to help you sort the wheat from the chaff on all the other sites. They filter out the stories you can ignore, and they aggregate the ones they think you should read. Some have computer algorithms to do their sorting, while others induce readers themselves to do the heavy lifting. Sixty-three percent of those who enjoyed a story about cannibalism in suburban Paris, it turns out, recommend another story about werewolves in Rio de Janeiro. Hey, better check...

Author: /time Magazine | Title: How Many Blogs Does the World Need? | 11/20/2008 | See Source »

...just one original member, Axl Rose. The rest, including guitar savant Slash, departed years ago, presumably too intrigued by the Internet and other human advances to stay locked up in a recording studio with their famously controlling singer. Rose, once as blond and lithe as a stalk of wheat, has suffered the pudgification of middle age and burned through a reported $14 million in production costs, making Chinese Democracy the most expensive record in history. But given the cruelty with which pop culture devours its celebrity eccentrics, he's had a pretty easy ride. A surprising number of people actually...

Author: /time Magazine | Title: Guns N' Roses' Chinese Democracy, at Last | 11/20/2008 | See Source »

...taken a big bite out of the company's profitability. Cost inflation of close to 10% in 2008 means each bag of chips has cost Pepsi more to produce, even as belt-tightening consumers resist paying more for their food. Earlier this year, skyrocketing prices for corn, rice, wheat, vegetable oils and other key ingredients further added to core expenses, shrinking Pepsi's margins. Even packaging and delivery costs have risen. In response, CEO Indra Nooyi recently announced that the company would lay off 3,300 of its 185,000 workers and close six manufacturing plants, after failing to satisfy...

Author: /time Magazine | Title: Why Pepsi's Down While Coke Is Up | 11/12/2008 | See Source »

...While some quick action was taken after last year's pet food scandals, the response was narrowly focused on the exposed cases. The country's top watchdog revoked the business licenses for two companies that produced adulterated wheat gluten blamed for the death of thousands of pets in North America and another that shipped the diethylene glycol used in cough medicine that killed more than 100 Panamanians."While China's State Council announced new rules for stricter controls on food producers and tougher punishments for violators, poor oversight allowed producers to adulterate dairy products and animal feed with melamine until...

Author: /time Magazine | Title: China's Melamine Woes Likely to Get Worse | 11/4/2008 | See Source »

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