Word: inflationitis
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Other experts are even more pessimistic. Archstone Consulting, a retail consultancy based in Stamford, Conn., expects only a 0.5% to 1% sales increase for the holidays. "That's a very low number by historical standards," says Dave Sievers, Archstone's strategy and retail practice leader. "That would really translate into...
They say ministers have ignored their pleas, and that price inflation is eating into family spending. With Prime Minister Yves Leterme due to unveil his 2009 budget to parliament on October 14, the unions want a signal that some form of relief is on the cards.
The unions say that since the start of the year, food prices have risen 7.9%, electricity 20%, gas 50% and coal for heating 59%. The consumer price inflation rose 5.46% year-on-year in September. They say the government is still offering businesses "expensive gifts" like tax relief to foreign...
A sudden, precipitous drop would almost certainly signal the beginning of a recession, since in many ways consumer confidence in the economy is the result of self-fulfilling prophecies: financial anxieties on Wall Street and frantic election-year politicking over the economy aren't really the kinds of things that...
And the risk doesn’t just lie in the big projects. Federal funding for scientific research has dropped significantly since the surge of interest in biomedical research at the beginning of the decade. In the last two years, the growth of money given to science programs at universities...