Word: expectations
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...anti-inflation measures. That's because they risk public backlash if they overreact to the inflation threat and kill economic growth in the process. Developing nations need to grow quickly to create jobs and increase incomes for their large populations. Asians from India to South Korea have come to expect high growth as almost a God-given right, and in an increasingly democratized region, voters won't hesitate to toss out of office any politician who doesn't deliver the goods...
...missed an opportunity to promote a critical need: for average Americans to get involved with their local community emergency-response team. Too many people still expect others to take care of them when first responders are overwhelmed in a large disaster. Don Jones, SAN JOSE, CALIF...
...barrel, or double the price of a year ago. Western economies as a whole are far less dependent on oil than during the two big oil shocks of the 1970s, but with food prices also on the rise, the situation remains highly volatile. If inflation continues to soar, expect more central bank tightening and a growing risk of recession...
...percent in the next decade, Harvard is once again rolling up its sleeves to tackle head-on the challenge of climate change," said Ian Bowles, the Massachusetts secretary of energy and environmental affairs. "Governor Patrick and I applaud Harvard for its leadership and ingenuity. We hope and expect that the university will serve as a model for similar efforts by other institutions in the months and years ahead...
...Mandela is no longer comfortable with inquiries or favors. He's fearful that he may not be able to summon what people expect when they visit a living deity, and vain enough to care that they not think him diminished. But the world has never needed Mandela's gifts - as a tactician, as an activist and, yes, as a politician - more, as he showed again in London on June 25, when he rose to condemn the savagery of Zimbabwe's Robert Mugabe. As we enter the main stretch of a historic presidential campaign in America, there is much that...