Word: inflationitis
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Even in the face of inflation, wages appear to have remained steady: the average employed senior will earn a base salary of $45,425, about the same as last year.
Much of the world would undoubtedly like to see the end of Mugabe's regime; by allowing a program of white-to-black land redistribution, begun in 2000, to be run by pro-government mobs who took farms by force and handed them to regime leaders with few farming skills...
Growing frustrations with the military come as Bangladesh is reeling from a colossal crisis in food security. The price of rice has soared 60-80%, a rise that spells hunger for millions. "This is not even a question of choice for the poor," says the AL's Razzaq. It's...
The generals' motives seem to be not so much avoiding justice as accumulating wealth. At first glance, it's hard to see how anyone could profit from a country where unemployment is at 80% and inflation is 165,000%. But the regime works the chaos to its advantage. The seizure...
Since June 4, gasoline is up by 11%, diesel by 10% and LPG by 17%. The price of kerosene, the most widely used cooking fuel, was left unchanged, but the other increases will push up India's inflation rate, which at 8.24% is already at a four-year high. Public...