Word: indexable
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Dates: during 2000-2009
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...about the ability of the government to govern." And if you had to pick one area of the economy that scares the authorities in China the most it would have to be inflation, which hits citizens where it hurts most - in the wallet. The country's consumer price index hit an 11-year high of 6.5% in October due largely to rising food and fuel costs. The storms will almost certainly cause another spike. Frigid temperatures across 14 provinces in China are destroying vegetable crops and will "push up food prices further in January and February," says Jun Ma, chief...
...what you will about today's global economy, it ain't dull. In a cascade of worry on a single trading day, Jan. 21, Hong Kong's Hang Seng index plunged 8.6%, Tokyo's Nikkei 5.7% and Mumbai's Sensex 12.9%. It was a worldwide mini-meltdown, and the Federal Reserve Board wasn't about to let that go unanswered. Before the U.S. markets had even opened, Fed Chairman Ben Bernanke--not a man known for dramatic gestures--slashed a key interest rate three-quarters of a percentage point. The surprise move arrested the rout, and the markets have since...
...what you will about today's global economy, it ain't dull. In a cascade of worry on a single trading day, Jan. 21, Hong Kong's Hang Seng index plunged 8.6%, Tokyo's Nikkei 5.7% and Mumbai's Sensex 12.9%. It was a worldwide mini-meltdown, and the Federal Reserve Board wasn't about to let that go unanswered. Before the U.S. markets had even opened, Fed Chairman Ben Bernanke - not a man known for dramatic gestures - slashed a key interest rate three-quarters of a percentage point. The surprise move arrested the rout, and the markets have since...
...point was the deepest since October 1984. Bernanke concluded a big dose was needed, fast, to stem a virtual free fall in global stock markets. On Jan. 21 and 22, investors around the world went on a panicked selling spree that resulted in heavy losses. London's FTSE 100 index fell 5.5% on Jan. 21, while Hong Kong's Hang Seng Index fell more than 13% in two trading sessions; Mumbai's Sensex dropped more than 12% over two days...
...move buoyed stocks in Europe, and added to speculation that the European Central Bank and the Bank of England would also cut rates in an attempt to stave off a slowdown. In morning trading in Europe, though, stocks fell. Britain's FTSE 100 dropped 1.25%, Germany's DAX index slid 2.16%, and France's CAC-40 fell 2.10%. Markets in Asia rebounded however, with Hong Kong's Hang Seng Index rising 10.7% - its biggest gain in 10 years - and indexes in Korea, Singapore and Japan gaining more than 3 percent...