Word: digit
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Dates: during 1980-1989
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There remains the possibility that Carter and Sadat soon will be dealing not with Begin but with a successor. Begin's popularity is slipping badly in Israel, both because of domestic concerns (the primary one is triple-digit inflation) and because of his stand on the peace negotiations. Polls last week found that only 21% of the Israelis queried think he is the best man for the job, though no one else tops that figure. Moreover, Defense Minister Ezer Weizman, whose popularity is second to Begin's in the government, asserted in a bombshell interview on Israeli...
More unnerving still, Administration experts now estimate that the U.S. will suffer inflation rates at or close to double-digit levels throughout the 1980s, which could mean a steady erosion in material standards of living. Previously, the Administration had contended that the current hyperinflation was largely a consequence of recent OPEC price increases and other sharp rises in the costs of energy, plus the soaring cost of housing. (Housing in particular distorts the CPI because increases in the cost of mortgage loans are weighted as if everybody bought a house every month, which of course nobody does.) The Administration...
...first three months of the primary season, Carter's candidacy was artificially buoyed by crises overseas, which caused Americans to rally around him at home, despite double-digit inflation and other domestic problems. Now, the public mood has changed. A national survey for TIME by Yankelovich, Skelly and White, Inc. on March 19 and 20 found American morale and confidence in the future at an alltime low; only 14% are optimistic, compared with a high of 47% early in the Carter Administration. Concern about inflation has surged; 74% of the 1,221 people interviewed consider...
Worse still, with housing prices and mortgages now rapidly climbing out of reach for just about everyone, even the income from new mortgages is beginning to dry up. As a result, more and more thrifts are finding it all but impossible to pay the double-digit interest rates needed to attract deposits. Asserts Saul Klaman, president of the National Association of Mutual Savings Banks:' "It's this simple: the money market funds have been a disaster for our industry." Some normally antiregulation financiers are now demanding controls on the money market funds similar to the ones banks face...
...point of absurdity. Rampant inflation in such Third World countries as Zaïre (more than 90%) and Argentina (more than 120%) has been fueled by years of economic mismanagement, corruption, and deficit spending financed by the uncontrolled growth of the money supply. The newest member of the triple-digit club is Israel, whose current 121.4% inflation rate has been caused largely by heavy defense spending, high oil prices, public works and costly social welfare programs...