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Showing posts from September 13, 2014


By AMANDA LEE MYERS— Sep. 13, 2014 12:41 PM EDT

FILE - This 1989 file photo shows gold bars and coins from the S.S. Central America, a mail steamship, which sunk in a hurricane in 1857, about 160 miles off the North Carolina coast. Columbus-America Discovery Group, owned by fugitive treasure hunter Tommy Thompson, argues that it has the exclusive rights to the treasure from the shipwreck. (AP Photo/File)

In this Aug. 29,1991 photo, Tommy Thompson, left, stands at the helm of the Arctic Explorer as Bob Evans, center, and Barry Schatz look on in Norfolk, Va. Thompson led a group that recovered millions of dollars worth of sunken treasure only to end up involved in court cases brought by dozens of insurance companies laying claim to the treasure. (AP Photo/Columbus Dispatch, Doral Chenoweth III)

In this September 2013 photo provided by Donn Pearlman, a Gold Rush-era $20 gold coin recovered from the SS Central America, still with some Atlantic Ocean residue on it, is shown at a coin expo in …

SELL OUT ??? : Brazil's Silva, a lifelong environmentalist, is courting big agriculture

The candidate has even come out in favor of genetically modified crops, saying conservation and agribusiness can thrive together.

Former Brazilian Environment Minister Marina Silva speaks during the Women's Forum Brazil 2012 in Sao Paulo, Brazil on June 4, 2012. (Yasuyoshi Chiba/AFP/Getty Images)

SAO PAULO, Brazil — Brazilian presidential candidate Marina Silva, an icon of the green movement, is cozying up to old adversaries in the sugar and ethanol industry as she seeks to win over the powerful farm lobby ahead of next month's election.

Since entering the race in mid-August, Silva has picked a pro-agriculture congressman as her running mate, met repeatedly with agribusiness leaders and campaigned in the farm belt, eager to make allies in an industry that accounts for a quarter of Brazil's economy.

Her message: conservation and big agriculture would thrive side-by-side in a Silva government and she would roll back the gasoline subsidies that President Dilma Rousseff has used t…


Forget ‘Whole Paycheck’—This Grocery Chain Now Beats Many Competitors’ Prices

(Photo: Spencer Platt/Getty Images)



Whole Foods is shedding its expensive image with cheaper produce and core items.

September 12, 2014 By Sarah McColl

Sarah McColl has written for Yahoo Food, Bon Appetit, and other publications. She's based in Brooklyn.

“Whole Paycheck” may be a thing of the past.

The less-than-loving nickname for Whole Foods has been around for at least a decade, but thanks to some changes at the grocery store it may no longer apply.

If you’re asking incredulously, “On what planet is Whole Foods the cheaper option?” you’re echoing the exact question posed recently by WNYC’s Brian Lehrer. 

He dug into the matter of dropping prices after Bloomberg News reported that a basket of 97 items cost less at Whole Foods than at Manhattan grocery chains Gristede’s, Fresh Direct, Food Emporium, and D’Agostino.

It’s not magical thinking on the part of shoppers, nor is it only happening in New York.

In an effort to compete with chains such as Walmart and Kro…

Meet the Academic 'Hitman' Who Infuriates Venezuela's President

Global Economics
By Peter Coy

September 12, 2014

Photograph by Cris Bouroncle/AFP via Getty Images

Harvard University professor and former Venezuelan minister Ricardo Hausmann at the World Economy Outlook panel discussion before the 2012 G-20 Summit

Ricardo Hausmann sounds like a scary guy. Last night, Venezuelan President Nicolás Maduro called him a “financial hitman” and “outlaw”who is part of a campaign “that has been initiated around the world against Venezuela.”

Who is this supposed international assassin? A bearded, 50-something professor at Harvard’s Kennedy School of Government who wrote a recent opinion piece saying Venezuela should default on its international debts. 

Traders in the bond market already consider this a possibility given the country’s financial straits, but Maduro seems to have taken it hard because Hausmann is himself Venezuelan and served as planning minister in 1992-93.

Maduro, like his late mentor and predecessor Hugo Chávez, presents himself as the champion of V…

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