Word: inflationitis
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But oil can lead to the "resource curse" - a government-connected élite profits, most people still suffer, and the economy winds up dependent on petroleum and facing inflation from rising oil revenues. Nigeria, for example, ranks in the top 10 of world oil exporters, yet 60% of Nigerians live...
Cambodia could be the biggest worry. Prime Minister Hun Sen has pledged to steer oil revenues toward poverty reduction, but his government has offered no clear plans of how it will ensure riches are spent wisely. The promise of wealth has already sparked a property boom in Phnom Penh, a...
In the absence of a reversal from within the U.S itself, Naudé says about the only thing the European Central Bank can do to undercut the dollar's slump is lower its own interest rates to create a degree of inflation to counterbalance any further rise in the euro...
The Massachusetts Joint Committee on Higher Education is set to hear testimony from students, faculty, and student advocates tomorrow on a bill that aims to reduce textbook prices across the state. The legislation, House Bill 1200—known as the Affordable Textbooks Bill—would require publishers selling...
"Take out military spending, which I don't think a single conservative would begrudge. Take out border security - we've tripled the budget for border security - and again, I don't think many on the right would begrudge those expenditures or the money, and we've kept other discretionary spending...