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...bring down double-digit inflation without dampening growth...
...Combined with eBay's other international classified hubs - which include Marktplaats in the Netherlands and Gumtree in the United Kingdom - eBay's portfolio of classifieds actually get more unique visitors around the globe than Craigslist. (As eBay's core auction business has slowed, its classifieds division has posted triple-digit growth over the past year...
...company is likewise trying to avoid incurring public wrath in China. In the first quarter of this year, Coke's sales there rose by 20% compared with the same period last year; sales growth in North America was flat in the quarter. But in the future, double-digit increases could be constrained by China's environmental problems. China is home to roughly 20% of the world's population, but only about 7% of the world's water. That means there are some 300 million people living in water-scarce areas - and increasingly, citizens and officials are becoming more militant about...
...over alleged fraud, theft and money-laundering; and Prime Minister Ehud Olmert may be indicted for taking more than $150,000, mostly in cash, from a New York businessman. A popular bumper sticker says, OLMERT, YOU DISGUST ME. The deepening sense of odium is reflected in Olmert's single-digit popularity ratings. He may be forced to resign within weeks, and already politicians have begun to handicap the succession...
...central banker, a particularly critical difference between then and now is what has happened to inflation and inflation expectations. The overall inflation rate has averaged about 3-1/2 percent over the past four quarters, significantly higher than we would like but much less than the double-digit rates that inflation reached in the mid-1970s and then again in 1980. Moreover, the increase in inflation has been milder this time--on the order of 1 percentage point over the past year as compared with the 6 percentage point jump that followed the 1973 oil price shock.4 From the perspective...