Word: inflationitis
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As the latest flashpoint in the global financial crisis, Iceland is nursing a familiar sort of economic pain in a typically cool way. Over the past two years, the country's banks enjoyed extraordinary growth by borrowing heavily on international capital markets, leading Iceland to rack up a $2.7 billion...
But there can be a strong temptation towards what might be called green-collar inflation, because the idea that environmentalism can actually add jobs is key to the new arguments for global warming action. On the surface, cap and trade and other anti-climate change policies look like short-term...
A series of interest-rate cuts by the Bank of England since December has so far failed to tame mortgage interest rates; the average rate on a two-year fixed deal with a modest deposit rose to 6.94% in April from 6.6% the previous month. Annual inflation in the U.K...
Stanford economists have demonstrated that the average value of a year of quality human life is actually closer to about $129,000. To get to that number, Stefanos Zenios and his colleagues at Stanford Graduate School of Business used kidney dialysis as a benchmark. Every year dialysis saves the lives...
Without more attention and investment, India's health will continue to be a national shame. Almost half of all Indian children under five are malnourished. The effect of that lasts for years, not only because malnourished kids are stunted, but because they do worse in school and tend to have...