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...voters didn't have much in common: French socialists feared the constitution would hasten the advent of "Anglo-Saxon" free markets; Dutch conservatives were angry about immigration and their lopsided contribution to the E.U. budget. Voters of all stripes just wanted to give their unpopular governments a kicking. Their main gripes include persistent high unemployment and low growth in much of Europe. That stagnation fuels a fear of the future, of which the E.U. has become a major symbol...
...main reason for that improvement is simple. Thanks to soaring oil prices, there is plenty of money sloshing around. On a Saturday afternoon, I went to lunch at the gleaming kabob palace Nayeb, which is where you go in Tehran to see and be seen--while eating lots of grilled meat. The prices had tripled in my absence, and so had the line for a table. As we wait, I chat with a waiter named Vali Joodi, who tells me he wakes up at 5 a.m. each day to commute from the working-class suburb of Shahriar. Four years...
...this happen? When the government is the main business owner, private parties cannot secure their property rights, especially when those properties are easy-to-appropriate intangibles such as brands, trademarks, business processes and ideas, whether they are protected by a foreign patent or not. The problem has been made worse because China emerged as an economic power around the time when information technologies created highways over which ideas could easily traverse the planet. Just as railroads and telegraphs in the mid-19th century made copyright and patent theft commercially important, so the Internet and associated information technologies redefined the market...
...said of those needed to brew bioethanol from indigestible plant fibers. Making enzymes efficient and cheap enough for that has long been an obstacle to a viable bioethanol industry. Canada's Iogen is the only biotech firm to have shipped a batch of commercial bioethanol (see main story). But Novozymes is making waves as well. It announced in March that with $17 million in U.S. Department of Energy (DOE) funding, it had reduced the cost of enzymes for making booze from corn stover from $5 per gal. of ethanol in 2001 to a mere 10¢ to 18?...
...developing world, Carpenter’s main concern, female smoking rates are expected to rise to 20 percent by 2025. As the cigarette market expands in these countries, other research has predicted, there will be a corresponding rise in related diseases among women...