The world economy has run into a brick wall. Despite countless warnings in recent years about the need to address a looming hunger crisis in poor countries and a looming energy crisis worldwide, world leaders failed to think ahead.
If you want to become rich, Jim Rogers, investment whiz, best-selling author and one of Wall Street’s towering personalities, has this advice: Become a farmer. Food prices have been high recently.
The travel experts predict that this will be a staycation summer, with gas prices over $4 and the economy melting like an Eskimo pie.
This may sound too good to be true, but the U.S. has a renewable-energy resource that is perfectly clean, remarkably cheap, surprisingly abundant and immediately available.
Double dip is not a term that a government keen to extricate itself from the economic-crisis-management business likes to hear. A couple of weeks ago, the Obama Administration was poised to switch to growth mode
It is a Saturday and nearly noon in Bidor, Malaysia, a small rural town about 160 km north of the nations capital, Kuala Lumpur. The coffee shops are filling up with people, mostly rubber and oil palm farmers, many of whom roar into town in new Toyota and Ford pickup trucks
Truth, as they say, is the first casualty of war.
It’s mid-March in Muzaffarpur, and the lychee trees are almost in bloom in this remote corner of northern India. When the flowering begins, beekeepers like Manoj Kumar Singh will take their hive boxes to the edges of the nearby orchards, leaving their bees to produce the region’s renowned lychee honey
Oil prices climbed back to near $113 a barrel Friday as a weaker dollar made crude more attractive to investors with other currencies and the conflicts in Libya and Syria raised risk premiums. By early afternoon in Europe, benchmark crude for June delivery was up 40 cents at $113.26 a barrel in electronic trading on the New York Mercantile Exchange
Even before its outcome is known, Libya’s uprising could leave an indelible mark on the world economy: oil prices have rocketed since Tuesday and could rise even further amid the continuing turmoil that has prompted thousands of foreign oil workers to flee. Libya’s oil output, typically 1.7 million barrels a day, has fallen by more than half since Tuesday, and its energy exports have ground to a complete halt