Word: inflationitis
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That's a question millions of Asians are asking. Across the region, the price of food, from wheat to pork, is increasing at dizzying rates. But it is rice, the foundation of Asia's diet and a potent symbol of its cultures, that is causing the most anxiety. In Thailand...
But economic dynamics, as they play out in national markets, can be even more complicated. Take India, for example, where rice prices are rising fast, contributing to 7% inflation last month, the highest in more than three years. The country is not suffering from a classic case of tight supplies...
Lolo's house, on the outskirts of Jakarta, was a long way from the high-rises of Honolulu. There was no electricity, and the streets were not paved. The country was transitioning to the rule of General Suharto. Inflation was running at more than 600%, and everything was scarce. Ann...
So it is that the regime takes pains to appear as though it is acting legally and heroically (organizing elections, denouncing the M.D.C. for prematurely announcing their results, railing against bloody colonial imperialism) while at the same time keeping an iron grip on power (sanctioning vote-rigging, beating up Tsvangirai...
This lack of flexibility in spite of the looming Olympics is worrying, says Nicholas Bequelin, a China researcher with New York City-based Human Rights Watch. "Especially now with the Lhasa protests," he says, "they are facing a pressure-cooker period." Beijing will have to keep a lid on Tibet...