Word: inflationitis
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The Inflation Factor Storm-related economic problems are likely to be temporary, but they are still worrisome because the nation is already facing the possibility of reduced growth if the U.S. slumps into a recession. In China, "risks to growth also inevitably mean risks to [social] stability," says Patrick Horgan...
The government has imposed price controls on some goods to keep inflation in check, but such policies may be making matters worse. For example, Beijing imposed price controls on utilities in early 2006, stabilizing electricity rates. But at the same time the price of coal, used to generate some 80...
50% Percentage increase in New Jersey tolls to come every four years, starting in 2010; depending on inflation, it could go even higher
German unease with globalization has some justification. True, rising exports have boosted corporate profits, joblessness is declining, and the economy grew by a respectable 2.5% in 2007. But real incomes, adjusted for inflation and taxes, are as low now as at any time since the 1980s. In a recent poll...
For Americans, a global slowdown, short of a recession, wouldn't be all bad news. Exporters would benefit, though they account for only 12% of the economy. A gradual global slowdown would also give the Fed far more room to maneuver without the threat of stoking inflation. But there are...