Word: inflationitis
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That kind of talk has mobilized political leaders across Europe - many of whom are now screaming for European Central Bank (ECB) authorities to intervene with measures to bring exchange rates back into balance. French President Nicolas Sarkozy in particular has been scathing in his demands that the ECB drop its...
French officials have gone so far to suggest they'd invoke an article of the treaty the euro was founded upon allowing national governments to impose policy regarding currency exchange on the ECB. True to form, ECB president - Frenchman Jean-Claude Trichet - remains singularly unimpressed by the pressure from politicians...
Congress is currently considering President George W. Bush's budget proposal, which recommended the same level of NIH funding as the year before, a real-dollar decline once inflation is taken into account.
University President Drew G. Faust spoke in favor of increasing federal funding for biomedical research before a U.S. Senate committee yesterday.Faust’s testimony capped a Harvard-led effort to reverse a recent real-dollar decline in research grants from the National Institutes of Health (NIH).Working as...
Despite the conservatives' focus on threats from abroad, these elections come at a time of great economic hardship for many Iranians, with double-digit inflation curbing their annual New Year's shopping spree that usually occurs around this time. That has prompted a number of candidates promoting themselves as dard...