Word: inflationitis
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With the national unemployment rate nearing 7 percent—a figure not seen in the U.S. since 1993—several states have seen their unemployment insurance trust funds shrink to dangerously low levels, with some states already taking out federal loans to pay unemployment benefits. But Massachusettsâ?...
The immediate medicine for this ailment is widely agreed upon within Democratic, and many Republican, circles: a large stimulus package, perhaps as big as $750 billion or even $1 trillion over two years. The number is large by design. To have an effect on the economy, it has to be...
The impending inauguration of President-Elect Obama provides an opportunity to consider the future of his new administration as well as reflect upon the record of the outgoing administration. I submit that future generations of Americans will appreciate the accomplishments President George W. Bush achieved in the face of the...
European Commission president José Manuel Barroso credits the euro for delivering lower inflation, lower interest rates and greater price stability, and helping to create 16 million jobs. More immediately, the euro is shielding member states in this time of economic turmoil, preventing a currency crisis in addition to the...
Massive victory, of course, imposes massive responsibility, and expectations are high for Sheikh Hasina. The Awami League has promised not just a trial of suspected 1971 war criminals, but also relief from soaring inflation, expanded agricultural subsidies, equitable economic growth and - just for good measure - a check on jihadi groups...