Word: inflationitis
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The move to oust Musharraf comes at a difficult time for Pakistanis. The economy is approaching a meltdown, with inflation at 25% and the rupee falling to a record low against the dollar. There is also concern that the longer the controversy over Musharraf's fate goes on, the greater...
While those numbers may seem high to the developed world, to China they represent a sharp deceleration that is already being reflected in the labor market. In 2006, Guangdong province created 2 million new jobs. Last year, Zhang Xiang, a provincial-government spokesman, said that figure was likely to be...
It is difficult to overstate the importance of such a deal. If the legitimacy of its government were even partially restored, the world could re-engage Zimbabwe and help end the economic crisis that has seen inflation spiral out of control, ruined all but the regime's elite and sent...
But the 300 million or so Indians living in acute poverty are being crushed by inflation. If they ever thought that washing the floors, driving the cars and cleaning the windows of the middle class would open the doors to a better life, they know now that they were wrong...
Being mayor of Tehran may not be the summit of Qalibaf's political ambitions. Iran is buzzing with speculation that he will mount a challenge to President Mahmoud Ahmadinejad in next year's elections. The hard-line incumbent looks vulnerable because of domestic woes, including high inflation and unemployment, and...