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...deterioration of the global economy in the wake of the ongoing U.S. housing bust and subsequent credit crunch is accelerating at a frightening pace. In the U.S., nothing captures the concussive force of the downturn better than the Consumer Price Index released Wednesday, which showed prices falling 1% in October after being flat in September. Suddenly, the prospect of outright deflation in the U.S. - and all the risks that entails - is a clear and present danger. "With the unemployment lines growing ever longer, there is a genuine risk that the U.S. economy could fall into a corrosive deflationary phase," says...

Author: /time Magazine | Title: The Global Economy's Big Fear Becomes Real: Deflation | 11/21/2008 | See Source »

...agreement to cap carbon emissions is the only viable way to mitigate the effects of climate change. The problem “is too hard to take on sector by sector politically,” he said. “The only lever big enough is to change the price of fossil fuel.”Some of McKibben’s audiences throughout the week only conditionally accepted his assertion.“I agree about the urgency of the crisis, but the only thing that holds a lot of promise is being open-minded...

Author: By Natasha S. Whitney, CRIMSON STAFF WRITER | Title: Activist Pushes Caps on Carbon | 11/21/2008 | See Source »

...This study further points in the direction that the price of inaction will be increasingly high,” said Professor of Forestry N. Michelle Holbrook...

Author: By Elias J. Groll, CRIMSON STAFF WRITER | Title: Peat Bogs Can Play Role in Warming | 11/21/2008 | See Source »

...same outcome can vary in cost from one provider to the next by as much as 300 percent,” Baker said in a statement to the Globe. “There is no other sector of the economy anywhere in this country in which that kind of price variability with no appreciable difference in service or product quality can sustain itself...

Author: By Courtney P Yadoo, CONTRIBUTING WRITER | Title: Report Says Harvard-Affiliated Hospitals Get Higher Insurance Payments, With Similar Patient Outcomes | 11/21/2008 | See Source »

...Harare-based political analyst John Makumbe told TIME that the MDC still hopes to force more concessions out of Zanu-PF as the price for joining a government. Unless a government that includes the MDC can be formed in the next few months, most experts agree, Zimbabwe's future looks dire. Without the MDC, "Mugabe won't be able to change anything to avoid disaster," says Sisulu. "He will have to keep ruling through violence." And while he has proved all too willing to unleash his security forces on opposition supporters, at some point the economic collapse could begin...

Author: /time Magazine | Title: In Zimbabwe, Mugabe Clings On, But His Power Is Waning | 11/20/2008 | See Source »

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