Word: moneyitis
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...course, it's not an absolute certainty. The easier option is even more quantitative easing - a euphemism for printing money, which is a dirty phrase economists never like to use. This would devalue the country's currency and sovereign debt, triggering a cycle of hyperinflation of the likes the U.S. has never seen...
Pacific Investment Management Co., based in Newport Beach, Calif., and manager of the world's biggest bond mutual fund, is warning investors that Britain's stratospheric debt load is resting on a bed of uncertainty comparable to "nitroglycerin." If Britain is receiving such harsh criticism from money managers, can the U.S. be far behind...
...envelope. They were all then told they had five minutes to complete a simple mathematical task, looking for pairs of numbers that added up to 10 in a grid of three-digit numbers. They could keep 50 cents for every pair they found and were to put the leftover money in the brown envelope. (See the top 10 scientific discoveries...
...money is certainly welcome in Nepal, which has the lowest per capita income in South Asia. But the jockeying for influence between China and India may be undermining Nepal's fragile democracy, as the country's 24 political parties trade charges of being pawns of one or the other. Even a tiny royalist party, supporters of Nepal's deposed King Gyanendra, have gotten into the act, staging a rally in Kathmandu on Feb. 22 that shut down the capital for a day. Meanwhile, the parties are debating complex constitutional issues, including a proposed federal system of 14 ethnicity-based states...
...collateral damage to the hostages. In contrast, just months earlier the American embassy had assisted in the release of American aid worker Melissa Himes by sternly warning Cambodia that any state attack on the area in which Himes was being held would jeopardize the flow of U.S. aid money, allowing negotiations between her NGO and the Khmer Rouge to continue. (Read "A Brief History of the Khmer Rouge...