Word: inflationitis
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The leaders who pledged the $21.5 billion in 2005 obviously hadn't anticipated the global downturn that would force them to spend hundreds of billions on bailing out their own floundering economies. And the squeeze on the finances of G-8 countries is likely to worsen next year, as governments...
Beck's material wasn't original - modern art is stupid, consumer-product warning labels are inane - but he is a great performer, flying around the stage and making fun of his profuse sweating and apocalyptic fears. He did an impression of Tim Geithner as an elf from Lord of the...
Adopting the style of a populist demagogue, Ahmadinejad hasn't allowed facts to spoil a good argument. In public appearances, for example, he has repeatedly claimed that Iran's inflation rate is 15%, whereas the country's Central Bank puts it at 25%. He insists, against the evidence, that unemployment...
That charge turned into a rallying cry for Mousavi supporters, who have taken to chanting "Liar! Liar!" whenever they encounter the President's backers. When he faced Rezai, a former Revolutionary Guard commander, in the final debate on Monday, Ahmadinejad appeared less confident. Rezai challenged the President on the economic...
Yardeni and others are worried that higher interest rates could push housing prices lower, and hurt banking profits. What's more, rising rates could indicate that inflation, which has largely disappeared in the recession, is coming back. To be sure, the increase in borrowing costs has already slowed home-loan...