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...years ago, the Argentine post would have been considered a plum, the Canadian one a backwater bore. This time around, however, there were several dozen applicants for Vancouver and none for Buenos Aires. The reasons: Vancouver is safe and relatively cheap; Buenos Aires has sporadic political violence and triple-digit inflation...
...will abate only slowly, if at all. Through the year, the rate is forecast to drop from today's 13.3% to 10.4%. Even if that happens, the 1979-80 period will go into the record books as the first peacetime case of back-to-back years with double-digit inflation...
Your Money Matters by Donald Moffitt. Even some six-digit corporate executives have no idea how they will bankroll their retirement, so Moffitt has collected his Wall Street Journal columns on personal finance into a $4.95 paperback for them as well as more modest money earners. Moffitt writes with cheekiness; the section on how to buy directors' liability insurance begins: "So you were dozing in your Eames chair when the other directors approved that 'commission' to His Austere Majesty the Grand Serene Slob of Lower Slobbovia?" Six pages on cutting home heating costs are invaluable, if only...
...prices go as far as $35 per bbl., the impact on oil inflation and the world economy would be severe. U.S. consumer prices would continue rising at a dizzying double-digit pace, forcing the Federal Reserve to stick by its anti-inflation policy of sky-high interest rates much longer than expected. The almost inevitable result: a deeper recession than so far forecast. Despite slumping growth, the nation's oil import bill, which is projected to total $61 billion this year, would leap to $96 billion in 1980. That in turn would keep the dollar's value dropping...
...inflation outlook offers no reason for the Fed to pull back. Last week Carter's anti-inflation czar, Alfred Kahn, admitted that his earlier hopes for the nation to be out of double-digit inflation by next spring have been eliminated by increases in oil prices and mortgage rates. Kahn argued that inflation will not be brought under control so long as OPEC continues raising the cost of crude and the U.S. remains dependent on foreign oil. As a means of lessening that reliance, he said, the Administration had been considering a 500 per gal. gasoline tax and even...