Word: inflationitis
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A similar sense of crisis has been growing across Asia over the past few months as the price of a barrel of oil has skyrocketed to almost $140, up more than 30% since January. The spike - coupled with galloping consumer price inflation in general and a slumping U.S. economy - is...
The effect of reduced fuel subsidies will ripple through economies, increasing costs across a wide range of industries, boosting inflation, undermining government budgets and stirring up unrest among citizens who are already feeling the bite of slower growth. In India, as elsewhere, the main reason governments impose controls on petroleum...
Big money is changing football at home in Russia, too. The seamless combination of government and business has made a priority of returning the motherland to world football's highest ranks. Zenit boasts a side of national stars, including Andrei Arshavin and Pavel Pogrebnyak, whose dizzying salaries are financed by...
To tackle inflation, the government knows it needs to raise interest rates and rein in spending, particularly by state-owned enterprises that have used state financial institutions as their own piggy banks. But any sudden moves can also threaten to strangle businesses and scare away new investors, which Vietnam must...
If so, the reason may well be that Chavez "realizes his long-term political survival is at stake," says Larry Birns, head of the Washington, D.C.-based Council on Hemispheric Affairs. "Right now, being a radical is not where the votes are" in a country that, despite its vast oil...