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...since Americans have been spending about 10% of their income on food for the past 25 years or so, rising prices do not mean people are eating less--they're just buying cheaper stuff. "We're seeing less meat and more pizza, sandwiches, Italian pasta and casserole-type dishes," says Harry Balzer, who tracks food trends for the NPD Group, a market-research firm. "The real change that occurred in the last bout of inflation was that one of the cheapest meats became more popular: chicken...
...which Japanese firms still have a tremendous competitive advantage. Toshiba's Westinghouse unit, for example, (yes, once part of a famous U.S. company) is building four advanced nuclear reactors in China at about $3 billion to $4 billion each. Nippon Steel, Japan's largest steelmaker, introduced a type of eco-friendly coke-making technology called dry-quenching in China that has become widely used throughout the industry. It produces the coke, a form of carbon essential for making steel, by cooling it with nitrogen rather than water, which significantly reduces the amount of carbon dioxide released. The resulting steam...
...please drop the pretense that Barack Obama stands for a new type of politics...
What They're Wearing in Texas A group of mothers from the Yearning for Zion polygamist ranch are enjoying a new type of media attention--by selling their prairie-style clothing online. Available at fldsdress.com the children's apparel, including overalls and "princess dresses," retails for $20 to $70. The group originally launched the site to provide proper outfits for the nearly 400 children taken during the April 3 raid on their compound...
...movie heroism. Like Tobey Maguire, plucked from indie films to play Spider-Man, McAvoy is the sensitive nerd who, when shirtless, brandishes the bulked-up chest a few months with a stern trainer can produce. That's how you get yanked from the decorous little world of Masterpiece Theatre-type dramas and morphed into a summer blockbuster's mean malefactor...