Word: inflationitis
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Whether the market malaise will frighten others into the same decision is uncertain. Chinese have few investment options - real estate markets are frothy in major cities and interest rates paid on bank deposits don't even keep up with the country's rising inflation rate. People were still pouring into...
Since the AMT isn't indexed to inflation, more Americans are affected every year. If Congress doesn't act soon, about 21 million will be penalized. House Ways and Means chairman Charles Rangel has proposed a one-year stopgap fix that would exempt these middle-income taxpayers from the AMT...
3rd/0:30: The Cornell band and crowd are coordinated to an amazing degree, with the fans carrying on even when the drop of the puck forces the band to stop playing. Harvard fans counter with a weak "hotel management" chant, which only leads to the Big Red faifthful yelling "grade...
Chile, meanwhile, seems to be doing everything right. Though it is small (pop. 16 million), its GDP is $145 billion, one of Latin America's highest per capita, and is expected to grow more than 5% this year with little inflation (though recent labor and student protests indicate Chileans want...
If Mauritius is good Africa, Angola is not. An élite cadre of government figures, Angolan bosses and foreign oil companies holds on to the soar-away gains of its 35% growth while the country stagnates in destitution and inflation. Partly that's due to the lack of a diversified...