Word: inflationitis
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The immediate threat, though, is economic. Venezuela relies on oil and gas for 93% of its export revenues. López says Chávez is rushing the term-limits question to the polls again before the drop in oil prices hammers the economy and shrinks his checkbook. Inflation is...
Though Iran's bleak economic climate, surging inflation and international isolation are ripe grounds for an upset victory for Khatami, his legacy as an innovative reformist who introduced women into the political mainstream and welcomed dialogue with the West has already been marred once by a failure to successfully follow...
It was the electorate's frustration with the performance of the economy that propelled the populist Ahmadinejad to victory in 2005, but that frustration, if anything, has only grown worse in the course of his term of office, as soaring inflation has halved purchasing power in urban areas. And that...
Turning Poland into a market economy, however, was a more complex and painful process than anyone could have imagined. In the early 1990s, the Polish government attempted to use “shock therapy” programs—championed by Jeffrey Sachs and other Western experts—to...
Funding for the NIH and the NSF stagnated during the Bush administration, which, combined with the rising cost of research and inflation, resulted in a decrease in funding from 2003 until now. We applaud the Obama administration for reversing this disastrous trend and reaffirming the federal government’s...