Word: inflationitis
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Why has NASA had such a dismal track record since the Apollo program? Reduced funding tells part of the story. The space program received around $40 billion a year (adjusted for inflation) in the mid-1960s, which was at least four percent of the federal budget. But, back then, Americans...
At the summit, Japan backed calls by the U.S. for greater fiscal spending to combat the recession - moves opposed by leaders of several European countries including France and Germany, who fear that unchecked government spending will lead to rampant inflation. But Aso dismissed German Chancellor Merkel's caution about fiscal...
While recent accounts of Harvard’s financial affairs seem to border on cataclysmic, some finance experts question whether the University’s investment decisions resulted from a lack of foresight as suggested by some media outlets.A recent Forbes cover story stated that Harvard’s ?...
Rich Russians are accustomed to huge markups on luxury brands sold in their country. Top fashion labels can sell for up to 1,000% of what they would in the U.S. or Western Europe. But factor in inflation and the devaluation of the ruble, and the price is too high...
Five Harvard scientists will have more freedom and greater resources to pursue their research after receiving the first grants awarded by Howard Hughes Medical Institute’s new Early Career Scientist program. Among the 50 nationwide grant recipients, announced last Thursday, are Bradley E. Bernstein, who conducts cancer research...