Word: inflationitis
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But deflation isn't just a U.S. anxiety. Japan, which emerged from deflation only earlier this decade, is now back in recession, has negligible inflation and could soon see prices fall again. So too in Europe, where the European Central Bank was behind the curve in seeing the risks to...
Unemployment is upwards of 80%, and inflation is pushing 231 million percent. Cholera outbreaks have been reported in cities, and the failure to plant crops will leave 5.1 million Zimbabweans needing food aid by January. The World Food Programme (WFP) was recently forced to shrink the food ration made available...
Stock prices, too, began to tumble as talk of bailouts and rescue plans permeated the media. The price of oil began to fall, and speculators had to put up more money for margin, but their other investments were simultaneously declining. Thus, they were forced to close out their long...
But “Saw” is no grindhouse B-movie slash-a-thon, either. It all comes back to integrity: The films don’t need all of that money, and their creators know it. True, the budgets have gone up since the original, but so has...
When a country falls as rapidly as Zimbabwe has, it is absolutely necessary to hope that the country can rise just as improbably. Without hope, there will be no initiatives or efforts for improvement. As Harvard focuses on sustainability, students can hardly comprehend Zimbabwe, where there is so little to...