Word: inflationitis
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Last October, Cristina Fernandez, the Peronist senator hailed both as Argentina's "New Evita" and "The Latin Hillary" won the elections with 45% of the vote, easily outpacing the other 13 candidates. But now, old ghosts from Argentina's troubled 1970s and '80s - inflation, class conflict and the threat of...
But while state coffers remain full, the economy is troubled. A coalition of farmers and farm owners has staged disruptive demonstrations against the President and her policies for 80 days now, garnering a large degree of public support, fueled largely by frustration at the government's inability to deal with...
President Fernandez argues that inflation has been "overstated" and that independent estimates of an annual 25% rise in prices are "not serious." The government claims the inflation rate is only 9%. But inflation is probably the main reason for the drop in her poll ratings, says Sergio Berensztein, whose polling...
In the meantime, there are more immediate economic minefields to navigate. Inflation, for example, is surging in cities like Doha and Dubai, driving up the price of everything from food to office space. Nobody is hurt more than the Gulf's millions of ill-paid migrant workers, and this exacerbates...
Ahmadinejad's defeat in the Majlis is the latest sign of the ferment within Iran's ruling conservative coalition, which dominates the legislature. Larijani engineered two impressive political victories, first to win a seat in the 290-member assembly, and then to oust a sitting speaker. Prominent politicians and clerical...