Word: inflationitis
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Forty years ago, when we were at Harvard and Yale, lofty ideals were affordable. Back in the ’70s, the average annual tuition and fees for a private college were around $7,000, inflation-adjusted to today’s dollars. Four-fifths of American households had annual...
In March, Harvard will announce its tuition and fee increases for the 2007-2008 academic year. If past practice holds, this year’s hike will again exceed inflation. There will be an official explanation pointing to rising costs, the improved quality of education, and increases in financial aid...
4,000% Inflation rate predicted by the International Monetary Fund for Zimbabwe by year's end if prices continue to soar and the government doesn't devalue the currency
You can say what you like about Russian President Vladimir Putin--although you'd be well advised to keep it polite--but he has certainly re-established his country's credibility as a great power. Ten years ago, Russia was in a state of disarray reminiscent of the early 17th...
Then, at the end of 1999, Putin took over. Since then he has ruthlessly reasserted Kremlin control over the energy sector and the media. The economy has bounced back, with growth averaging 6.8% and inflation coming down into single digits. Putin's most impressive achievement, however, has been to restore...