Word: inflationitis
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The dwindling supply on the market of top Impressionist 20th century art means museum-quality work should offer stable - and potentially stratospheric - growth over the coming years. In 1979, two years before the record-setting 1911 Mattise would wind up in Saint Laurent's hands, Nahmad paid about $300,000...
Yet everyone knows that while eliminating earmarks and cutting fat sounds good and plays well, it cannot alone address the deficit problem when discretionary spending amounts to less than 40% of the total budget. The only chance Obama will have to build confidence in the economy, even as he digs...
The increase to $33,696—announced by Harvard yesterday—mirrors a 3.5 percent tuition hike for the previous year, but that rise had little effect on the real price of tuition because it coincided with higher inflation.
Harvard College tuition will rise 3.5 percent for the 2009-2010 school year—a substantial real increase in light of nearly zero inflation last year.
The global economic crisis, however, has changed the political and economic landscape. Although inflation continues to be rampant, growth is now uncertain, given the sluggish demand in developed countries. With oil prices hitting unforeseen lows, he can afford neither the vast federal projects in Venezuela nor his bullish foreign policy...