Word: depressionitis
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In the U.K., one of the nation's premier experts on the financial world, Peter Spencer, chief economic adviser to the Ernst & Young ITEM Club, said that the time to save the U.K. from severe GDP contraction may have come and gone. According to The Daily Telegraph, The Government and...
Whatever the risks of deflation, it is a natural enemy of the depression which sits just on the other side of a rapidly deepening global recession. Deflation could conceivably make economic matters worse by enticing businesses and consumers to delay purchases based on hopes that prices for goods and services...
Consumers and businesses who believe prices will fall forever may hasten a depression by deferring purchases. Deflation, however, may be the only floor that the economy can hit to prevent the global financial system from entering the worst period in over a century.
In December, the Times of London reported that Popeye would soon fall out of copyright in Europe, where the law allows publishing houses to charge licensing fees for reproduction of original material for 70 years after the death of the creator. (U.S. law protects works for 95 years after the...
The debate is unlikely to end anytime soon. Four committees in the European Parliament are currently discussing the issue. A resolution is not expected until well into this year at the earliest - not soon enough to end the controversy over Popeye. With the pugnacious sailor in the public domain, intellectual...