Word: inflationitis
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This wealth-driven inflation has hit liquid assets as well. At the London International Vintners Exchange, an online marketplace for fine wines, managing director James Miles has watched prices for the top Bordeaux double over the past two years, driven in part by wealthy foreigners. "These guys all aspire for...
The worst news items of 2007 were: #1 Continuation of world poverty. #2 No cure for AIDS or cancer. #3 Human-rights violations and beating of monks in Burma. #4 Inflation around the world. #5 Political instability in India and Pakistan. #6 I could not become a movie star. I...
A lot is riding on the the world's cheapest car. In the words of Ratan Tata, chairman of the company behind the upstart econobox, India's "People's Car" will be a "safe, affordable, all weather vehicle for a family which is today traveling on a two wheeler." The...
Despite his campaign promise to become "the purchasing-power President" Sarkozy has thus far been unable to do much to address the primary concern of French citizens that they need more money in the face of higher prices. Economy Minister Christine Lagarde has announced that inflation in 2008 will probably...
The failure to return the lost territories seriously undercut Saakashvili at home. Many began to grumble about his reform not improving their living conditions fast enough. Complaints arose that his macro-reform was adversely affecting ordinary businessmen and traders. A crackdown on the black market in cigarettes and alcohol left...