Word: inflationitis
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INFLATION 7.1% Inflation rate in China last month, the highest in 11 years. Inflation was made worse by severe winter storms that paralyzed parts of the country's economy 18% Estimated average increase in food prices due to crop losses and transportation delays
The price may also be affected by something a little more volatile: the action on Wall Street, where investors have poured money into the New York Mercantile Exchange, trading oil contracts - what analysts call "paper barrels" - in search of quick profits. "People are looking at oil as a hedge against...
While President Bush’s $3.1 trillion-budget increases funding for higher education with an eye toward financial aid, the proposal freezes funding for the areas of scientific research that matter most to Harvard. “This proposed increase in Pell Grant funding is welcome news,â?...
That latter scenario is what Sheikh Usman Rishad, a 25-year-old blanket, pillow and mattress manufacturer, is hoping for. The former Musharraf supporter was up all last night decorating his 2006 Mitsubishi Lancer in honor of Sharif's election symbol, the tiger. He glued fuzzy cream blanket material over...
Rural voters may be doing well, but inflation is eroding the purchasing power of urban Malaysians-and generating support for the political opposition, whose spiritual leader is Anwar Ibrahim, a former deputy Prime Minister who is temporarily barred from holding political office because of a 1999 corruption conviction. Anwar's...