Word: inflationitis
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Others see Muto as a steady, experienced hand and a pragmatic choice to replace current Bank of Japan governor Toshihiko Fukui, 72, who whose five-year term ends March 19. The University of Tokyo graduate is "an extremely competent administrator who ensures consistency," says Jesper Koll, Japan director for Singapore...
Getting energy cheaply has never been more necessary than it is now, with oil recently breaking its all-time inflation-adjusted high price. The era of inexpensive power is over, perhaps for good, which means it's time to extend beyond energy efficiency to energy-scavenging, harnessing the sort of...
Trade: Venezuela and Colombia's economies are too interdependent. Bilateral trade reached $5.5 billion last year, a 25% increase over 2006. Colombia buys Venezuela's petroleum products - Chavez controls the hemisphere's largest reserves - and Venezuela needs Colombia's agricultural produce even more. Despite the massive windfall Venezuelans have accrued...
SOCIAL FALLOUT After remaining almost stagnant for a decade, inflation has reached at least 6.5% in Saudi Arabia. Protests and riots have ensued in some nations.
The action started in 2001 and 2002, with the Fed bringing interest rates close to zero as the stock market melted down. It continued last fall with the frantic efforts by the Fed and its counterparts in Europe to keep skittish banks lending to one another, and this year with...