Word: inflationitis
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Turkey's economic surge is, moreover, a sign of underlying political progress. The West couldn't hide its nervousness when the Justice and Development Party (AKP) was elected in 2002. The AKP is moderately Islamist, but its economics have turned out to be decidedly liberal. The party has nurtured economic...
The number of Harvard students receiving the federally-funded Pell Grant continues to rise despite a trend in the opposite direction at the nation’s wealthiest colleges. According to Dean of Admissions and Financial Aid William R. Fitzsimmons ’67, the percentage of undergraduates receiving the...
Food Stamps: Total funding for the program could increase by $8 billion over 10 years. The formula for determining per-family benefits would be tied directly to the consumer price index, meaning, essentially, that benefits would rise in step with the cost of living - a standard that has surpassed food...
After four weeks of delays, the election results are finally set to be announced in Zimbabwe following intense international and domestic pressure. The past month has witnessed violence and arrests that the opposition parties as well as foreign observers and human rights agencies claim are politically motivated. The main opposition...
When your currency is in the declining part of the cycle, as the dollar has been since 2002, that puts upward pressure on inflation, spooks investors and generally leaves people feeling cranky. It eventually gives an important boost to the economy by stimulating exports, but that takes years. During an...