Word: inflationitis
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The resolution continues the trend of inflation erosion that is already causing a strain on campuses where biological research is being conducted, Casey said.
The U.S. Senate passed a spending bill this weekend that will maintain current levels of funding for financial aid and research through March, a move that will impinge on higher education support due to the current rapid rise in inflation. This financial support may be further reduced if spending cuts...
Taking the rapid pace of inflation into account—a rise of almost 3.5 percentage points since August 2007—this deferment of budget proposals signifies a decrease in real funding.
Food price inflation represents a grave threat to the world’s poor, particularly families living on less than two dollars a day, he said.
Rapid inflation “forces [poor] families to make tough choices: whether to keep their child in school or to feed him or her,” said Offenheiser.