Word: inflationitis
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With Christian Democrat Helmut Kohl recently installed as Chancellor of West Germany and Socialist Prime Minister Francois Mitterrand facing formidable opposition in France, the Tory triumph stirred talk of a rising conservative tide in Western Europe. The election is also heartening for Ronald Reagan, whose resolutely anti-Soviet foreign policy...
(5 of 11) likely to put them back to work than Labor was. Indeed, surveys taken shortly before the election indicated that an astonishing one out of three unemployed Britons planned to vote Tory. Many workers greatly appreciated her feat in bringing the inflation rate down from a high of...
The Prime Minister's success in defusing the unemployment issue is doubly impressive because the economic experiment called Thatcherism is, by her reckoning, only halfway completed. Upon coming to power in 1979, she reduced income taxes (the top rate fell from 83% to 60%), raised the value-added tax (a...
Consider a typical home that sells for $218,900. You put down 20% and get a 30-year fixed-rate mortgage at today's rate of 5.5%. Monthly principal and interest come to $994.31. Let's say that 12 months from now the same house goes for 10% less, or...
The complaints about human rights abuses come as Bangladeshis are growing increasingly impatient for fresh elections. The government has promised they will be held by the end of this year, but say a timetable won't be revealed until September, which many people interpret as a sign the poll could...