Word: livestock
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...Michigan number used to move hearts and minds back in the spring, when a recession was constantly threatening to swoop down and savage our livestock. But it?s become sort of the default conventional wisdom that consumers? walletary outlook, while probably past its peak, is on the gentlest of downward slopes - and that business-centric numbers like inventory and production are the other shoe worth watching...
...dragging its feet? Because despite the region's subpar growth and high unemployment (8.3%), every one of the 12 euro-zone countries has inflation rates in the red zone, defined as anything above 2%. Higher energy costs, rising wages and the outbreak of livestock disease have plunged the Continent into stagflation, a brutal combination of poor growth and high inflation. That could prove to be the first big test for Europe's 2 1/2-year-old single-currency system. If the ECB fails to respond soon, it will antagonize European governments and possibly influence coming elections in Germany and France...
...dragging its feet? Because despite the region's subpar growth and high unemployment (8.3%), every one of the 12 euro-zone countries has inflation rates in the red zone, defined as anything above 2%. Higher energy costs, rising wages and the outbreak of livestock disease have plunged the Continent into stagflation, a brutal combination of poor growth and high inflation. That could prove to be the first big test for Europe's 2 1/2-year-old single-currency system. If the ECBfails to respond soon, it will antagonize European governments and possibly influence coming elections in Germany and France...
...Basin have been cut off from irrigation since April and watched their land dry up because a federal court has said the water must be preserved for the suckerfish, protected under the controversial ESA. Local businesses are closing down, farm laborers are leaving and ranchers are selling off their livestock...
...crime, education, the economy - voters decisively back Labour. And while they slightly prefer Hague's determination to keep out of the euro, which he has been stressing, over Blair's "wait and see" approach (27% to 26%), this issue ranks a mere 11th in importance. Funeral pyres of diseased livestock may be spewing smoke over the countryside, some of Blair's ministers may have resigned in disgrace, the Millennium Dome may be a universal symbol of grandiose incompetence - but Sue Heppel, a shop assistant who watched Hague campaign in Portsmouth, sums up the dominant view: "The Conservatives bitch...