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/ 29 January 2008

Should we fix bread prices?

Following the bread price-fixing scandal at the end of last year and the further recent increases by the large bread producers, there have been several calls for government to intervene in the market for bread. The argument against government intervention is that it distorts the market allocation of goods and services. When a good is in short supply, buyers bid up the price.

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/ 29 January 2008

French beekeepers feel the sting of dying bees

Less than a year after France’s decimated bee populations showed signs of recovery, beekeepers here are once again in a panic as their income-generating worker drones are disappearing by the tens of millions. The banning in 2005 of two potent pesticides used on sunflower and corn crops, suspected of killing off the bees, appeared to have stemmed the massive die-offs.

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/ 28 January 2008

Pistorius loses hope of making Beijing

Double-amputee sprinter Oscar Pistorius has virtually given up his fight to compete at the Beijing Olympics and is focusing his efforts on running at the 2012 London Games. The International Association of Athletics Federations ruled on January 14 that the South African was ineligible to compete at the Olympics.

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/ 28 January 2008

DRC ceasefire broken as rebels and militia clash

Congolese Tutsi rebels and Mai Mai militia clashed on Monday in eastern Democratic Republic of Congo (DRC), breaking a ceasefire signed last week aimed at ending a long-running conflict, the two factions said. Tutsi fighters loyal to renegade General Laurent Nkunda and Pareco Mai Mai militia blamed each other for the fighting.

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/ 28 January 2008

Pakistan militants free 300 schoolchildren

Heavily armed militants took about 300 children hostage at a school in Pakistan on Monday but freed them after tense negotiations with tribal elders, the Interior Ministry said. Rebels armed with rocket launchers holed up at the school in the North West Frontier Province after a failed attempt to abduct a local official.