Power

How rising food prices are impacting the world

By Dan Murphy Our story begins near Prairie City, Iowa, in the fields of Gordon Wassenaar, who has been coaxing food out of some of the world's richest earth for 57 years. Normally, Mr. Wassenaar is able to harvest about 200 bushels of corn per acre from his land -- bin-bursting crops that are

How rising food prices are impacting the world

By Dan Murphy Our story begins near Prairie City, Iowa, in the fields of Gordon Wassenaar, who has been coaxing food out of some of the world's richest earth for 57 years. Normally, Mr. Wassenaar is able to harvest about 200 bushels of corn per acre from his land -- bin-bursting crops that are

Iran's president dismisses threats on nuke program

By JOHN DANISZEWSKIAssociated Press NEW YORK (AP) - Iranian President Mahmoud Ahmadinejad on Monday dismissed threats of military action against Iran's nuclear program, arguing that his country's project to enrich uranium is only for peaceful purposes and saying that Iran has no worries

WHY IT MATTERS: Debt

By TOM RAUMAssociated Press The issue: A sea of red ink is confronting the nation and presidents to come. The budget deficit - the shortfall created when the government spends more in a given year than it collects in taxes and fees- is on track to top $1 trillion for the fourth straight year.