Word: inflationitis
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According to Japanese analysts, U.S. Federal Reserve Chairman Ben Bernanke may decide that it's best to lower rates again, to below 1%, in the coming months as the economy weakens. Even though ultra-low rates may have little immediate economic impact, they help to stabilize the financial sector as...
Spooked by the gravest economic crisis in decades, Americans are curtailing their spending. They're making fewer trips to supermarkets and migrating from grocers like Albertson's and Whole Foods to deep-discounters like Aldi and Save-a-Lot. And it's not just retirees like Chernova. These spartan bastions...
You wouldn't want to be the President of Pakistan: Even as the military finds itself embroiled in a war against militants that much of the country's elected leadership (and even more of the electorate) opposes, it's hard even to keep the lights on as the limits of...
The absence of a consensus on fighting the militants compounds Zardari's difficulties in tackling the economic crisis he inherited - a crisis that, in turn, threatens to deepen the militant challenge. Rising world oil and food prices have sent the inflation rate soaring to 25% (and as much as four...
Minutes later, Hussain would become the first driver whose truck would cross the Line of Control dividing Kashmir since Pakistan and India first clashed over this plush valley of vast hills and deep gorges over sixty years ago. As the battle with Taliban insurgents rages on its Western frontier and...