Paul A. Samuelson, the first American Nobel laureate in economics and the foremost academic economist of the 20th century, died Sunday at his home in Belmont, Mass. He was 94. His death was announced by the Massachusetts Institute of Technology, which Samuelson helped build into one of the world’s great centres of graduate education in economics. In receiving the Nobel Prize in 1970, Samuelson was credited with transforming his discipline from...

Recently there has been considerable media discussion about the issue of rise in prices of essential commodities and the problem of food inflation. In a country like India, where the cost of food forms major part of the monthly or daily expenditure incurred by an average family, this is a debate which acquires poignant significance. This is a government that came into power based on a concern for and commitment...

A steelY lot, India’s negotiators for the Copenhagen climate talks, to be held from December 7th, are still afraid of abandonment by China. India’s position looks formidable, so long as the world’s other and mightier billion-strong developing nation shares its demands: for the sanctity of the principles enshrined in the Kyoto protocol (KP), which exempts developing countries from having to curb (or mitigate) their carbon emissions. India’s champions therefore had...

BELADALA (PURI DISTRICT): The agitation by the people in different corners of Orissa against displacement received a shot in the arm at a rally here on Saturday with many social activists and leaders of movements against acquisition of land for industries joining hands to continue their struggle unitedly in the days to come. Those who addressed thousands of villagers said they would not allow the Naveen Patnaik government to hand over...

Manufacturers are using chemical additives to make greener tyres JOHN DUNLOP had a son who complained that his bicycle was bumpy to ride. So he invented the pneumatic tyre in 1888. Various improvements have been made since then. In particular, Pirelli, an Italian tyremaker, introduced steel-belted radial tyres in 1973. These reduced the fuel consumption of cars fitted with them. Now manufacturers are trying to develop tyres that reduce that consumption...