Word: pricing
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...course, inflation is not just a problem in Asia. World Bank President Robert Zoellick recently warned that the world was "entering a danger zone." He called rising food and oil prices a "man-made catastrophe" that could quickly reverse the gains made in overcoming poverty over the past seven years. For now, though, there is more talk than action on the international front, so Asian governments are battling on their own. There are some early signs that anti-inflation measures could pay off. After peaking at a 12-year high in February, inflation in China will begin to taper...
...need to add one thing to your equation. Oil is traded in U.S. dollars. So a weak dollar allows other countries to buy more oil, which in turn drives the price up. Strengthen the dollar, and make a barrel less attractive. Charles Shields, Knoxville, Tennessee...
...natural water flow made the bottom half of the state safe for an unrestrained building frenzy that began after World War II and basically continued until Juan Puig bought his billiard table. Florida now has 18 million residents, most of them south of Orlando. Such progress had a price. Half the Everglades is gone. The rest is polluted, disconnected and infested by invasive species ranging from fast-growing ferns to pythons...
...whose makers claim that the aloe vera in it helps increase vitamin uptake as well as reduce the harmful effects of alcohol on the liver. Also, Surya is offering free admission to clubbers who can prove they traveled there by foot, bicycle or public transportation. Of course, given the price of gas these days, it seems unlikely that many clubgoers will be arriving any other...
About 3 million homeowners will default this year on their mortgages (the first step in the foreclosure process), forecasts Moody's Economy.com That's double last year's number and amounts to 6% of all U.S. mortgages. The fear is that mass foreclosures could accelerate price declines, bringing on a cascade of additional foreclosures and economic trouble in their wake. "I get this sense in an increasing number of markets around the country that this death spiral is developing," says Mark Zandi, chief economist of Moody's Economy.com and an outspoken advocate of doing more to combat foreclosures...