This Week On The Economist No.46:
Cocoa processing is not a golden ticket for west Africa:
West Africans have been seeking fortunes in cocoa ever since the first appearance of cocoa bean in Africa. Ghana and Ivory Coast produce about 60% of the world’s cocoa. Yet they mostly sell unprocessed beans. Ghana and Ivory Coast are seeking ways to make chocolate a golden ticket for west Africa, But its isn’t likely to happened.
The oil price swings dramatically:
By November 8th oil had entered a bear market. The price of Brent crude stood at $66.53 on November 14th. American crude futures have plunged by 20% from their recent peak…
The kilogram and three other metric units are about to be revamped:
At a meeting in Versailles on November 16th, the world’s measurement bodies are almost certain to approve a resolution that will mean four out of the seven base si units, including the kilogram, will follow the other three, including the metre, in being redefined in terms of the values of physical constants.
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