Word: inflationitis
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The state's financial role has in fact been shrinking throughout the past decade as its economy foundered. Last year, the university provost's office complained in a report to the Board of Regents that the state's "assumed allocation will put our state appropriation at a level that is...
Before the inflation and deregulation of the 1970s put an end to old financial ways, the formula for successful banking was said to be 3-6-3: bankers borrowed at 3%, lent at 6% and hit the golf course by 3 p.m. It was an inefficient, seemingly archaic system. But...
But with a near-zero inflation rate, any upticks in tuition, unlike in previous years, will mean an increase in real dollars.
SDRs were created to supplement the Bretton Woods currency regime, which was built around a dollar linked to gold. After President Richard Nixon decoupled the dollar from gold in 1971 and allowed it to float freely in currency markets, the subsequent dollar crash led to talk of establishing the SDR...
The tragic irony is that it was Fujimori's attention to detail that helped make him one of Latin America's most popular leaders of the late 20th century. The son of Japanese immigrants, he emerged out of left field to win the 1990 election and take over a country...