James Russell Prescott, 77, of Ames, died Wednesday, September 12, 2012, at home. He was an Emeritus Professor in the Department of Economics at Iowa State University. Read more at: 
Cathy Kling, interim director of the Center for Agricultural and Rural Development, is part of a $4.3 million Water Sustainability and Climate grant from the National Science Foundation to develop a sustainability study framework that will help understand and predict processes and places in the landscape that are most vulnerable to change. Kling joins researchers from six other universities led by the University of Minnesota. Learn more at: 
"News Shocks and the Slope of the Term Structure of Interest Rates,"
"Worker-Level Adjustment Costs in a Developing Country: Evidence from Mexico," Ray Robertson, Macalester College, 3:40 PM, 368A Heady Hall.
A new national study by Oleksandr (Alex) Zhylyevskyy, an Iowa State assistant professor of economics, found that in approximately one in four divorces, the individuals involved might have been happier staying married -- producing what he calls "inefficient" divorces. The ISU researcher is one of the first economists to explore why some couples have intense disputes but keep living together, while other couples cooperate and the rest divorce.
Americans can expect to pay more for groceries due to high commodity prices driven by this year’s drought, but food prices likely won’t hit their peak for a few months. Corn prices have soared throughout the summer due to the historic drought that has withered much of the nation’s prime farmland, which has driven up feed costs for livestock and poultry producers. Those high prices will be passed onto consumers in the form of increased costs at the grocery store, but it will take between six and nine months for those increases to show up on store shelves.
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