Word: inflationitis
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This insecurity underlies the central government's heavy-handed tactics and rhetoric, even though repression reduces the country's stature in the global community. "When the rest of the world looks at China, they see this increasingly powerful and confident country spending more and more on its military, its economy...
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...
That is still a big if. Mugabe could deploy the security forces, as he has before, to try to cling to power. But a wind of change is in the air. Once one of Africa's most prosperous nations, Zimbabwe has been wrecked by Mugabe's disastrous policies. Inflation is...
The regulatory structure built after the Great Depression was all about containing risk by sharply restricting what banks, thrifts, brokerage firms and other financial institutions were allowed to do. That worked well for several decades but proved incapable of withstanding the rise of inflation and global competition--not to mention...
If this were a normal democracy, Mugabe would have been turned out years ago. He has presided over a social and economic crisis that has seen unemployment reach 80% and inflation at more than 100,000%, while average life expectancy has plunged to 34 for men and 37 for women...