Word: inflationitis
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Top finance chiefs talked about the U.S. housing market, rising energy prices, financial-sector reform, credit problems, inflation and exchange rates. But rather than resulting in specific measures, the meeting produced a kind of watch-and-wait strategy whereby the G-7 nations, Britain, Canada, France, Germany, Italy, Japan and...
The Pentagon's 2009 budget request is the highest--after accounting for inflation--since WW II. But because of U.S. economic growth, military spending as a share of the national pie is smaller than in prior conflicts. [The following descriptive text appears within a diagram]
Yale University and Princeton University both recently announced that tuition and other student fees will rise significantly less for the coming academic year than they have in previous years, and that the increases will be tied to projected inflation rates.
The 2.2 percent rise in Yale tuition, room, and board is tied to projected consumer price inflation and will be “the lowest increase in recent memory,” according to the Yale Daily News.
A firefight has broken out over the size of the Pentagon's 2009 budget request. Defense Secretary Robert Gates argues that his $515.4 billion budget - 3.4% of the nation's gross domestic product - is a bargain by historic standards. "To give you some basis of comparison in terms of the...