VeraSun picked the right time to challenge ethanol industry giant Archer Daniels Midland, with a lower-cost method of producing the alternative fuel. The Brookings, S.D., company, which was founded in 2001, just four years later–with oil and ethanol prices climbing–became the No. 2 ethanol producer. Its two huge plants–one in Aurora, S.D., the other in Fort Dodge, Iowa–have a total capacity of 230 million gallons per year, and three more are under construction. Don Endres, founder and chief executive of VeraSun, which went public eight months ago, talked to U.S.News & World Report about why he's optimistic concerning the future of the business–despite the challenges of falling oil prices, rising corn prices, and potential future competition from new technologies to make ethanol from feedstocks other than corn.
Two E-mail messages sent to Harvard students Saturday night announcing the Presidential Search Committee's choice for a new leader would have been huge news, had they been real. The first E-mail declared that Lawrence H. Summers, who resigned last February, would be "reinstate[d] . . . as Harvard's once and future president." A follow-up retracted the decision and declared Law School Dean Elena Kagan the committee's choice instead. But neither message is accurate--at least according to a Crimson report this morning, as well as the absence of any banner-headline news releases on the university's public affairs website.
AP - President Bush on Monday unveiled a $2.9 trillion spending plan that devotes billions more to fighting the war in Iraq but pinches pennies on programs promised to voters by Democrats now running Congress. Democrats widely attacked the plan and even a prominent Republican conceded it faced bleak prospects.
AP - Bombings and mortar attacks killed dozens across Baghdad on Monday as Iraqi troops set up new checkpoints and an Iraqi general took command indications that the much-awaited operation to restore peace to the capital is gearing up nearly a month after it was announced.
AP - A bone-chilling arctic cold wave with temperatures as low as 42 below zero shut down schools for thousands of youngsters Monday, sent homeless people into shelters and put car batteries on the disabled list from the northern Plains across the Great Lakes. At least four deaths were linked to the cold weather.
For nearly two years, Jay Dobyns led a double life. He rode alongside the Hells Angels, becoming a member of one of the nation's most feared criminal gangs. But at the same time, he was working as a federal agent in an effort to bring the Hells Angels down.