With its 92-year-old football stadium starting to crumble, the University of Washington began contemplating a renovation half a dozen years ago. One financing idea -- getting $150 million from Seattle-area taxpayers -- ran afoul of state Representative Ross Hunter. The state was reducing college funding, and tuition was surging.
While wheat as much as doubled this year and cotton surged, the benchmark index for commodities is signaling neither inflation nor deflation, spurring investors to bet the best returns next quarter will be in precious metals.
Hedge funds increased wagers on rising commodity prices to the most in two months and the rally in raw materials accelerated as the Federal Reserve pledged to keep borrowing costs low for three more years.
Commodities beat stocks, bonds and the dollar for a fifth straight month, the longest stretch in at least 14 years, as demand for raw materials increases with expanding economies and Federal Reserve promises to boost growth.