Word: pricings
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...were caught, they had so little reason for murder that they hardly even tried to explain themselves. There was the older man's anger, the younger man's loneliness, a quarter-baked extortion plot. Late on Nov. 10, in a Virginia prison, it was Muhammad who paid the final price. With relatives of his victims watching, he went to his execution as vacant and silent as those deserted playgrounds. "It's over," said a witness, for there was little else...
...chief industry analyst Harry Balzer doesn't attribute the meal's increasing popularity to its social aspect, but to its promise of large quantities of food for a startlingly low price. "People are not going out without a deal, and brunch is the No. 1 deal," Balzer says. Nationwide, the average brunch eater's check is $6.48. (See the top 10 TV chefs...
...Figures released this week indicated Japan may be climbing out of its worst recession in decades. Third quarter GDP growth came in at an annualized rate of 4.8%. But other statistics painted a more troubling picture. The price of goods and services slid by 2.6% in the third quarter, the biggest drop since 1958. Consumer prices have dropped for seven straight months. "The recent price falls are not right and worrisome," Japan's Finance Minister Hirohisa Fujii said at a Nov. 20 press conference. "This is one of the major policy issues right now." Deputy Prime Minister Naoto...
...While a little inflation is considered normal and healthy for growing economies, a prolonged deflationary period is a recipe for economic misery. Falling prices drag down corporate earnings, wages, consumer spending and investment by businesses, and can lead to a deflationary spiral like the one the world experienced during the Great Depression. "If price deflation leads to asset deflation and that leads to further deterioration, then that will lead to the collapse of the economy," says JPMorgan Securities chief economist Masaaki Kanno. Deflation has periodically plagued the Japanese economy for the last 15 years, ever since a spectacular asset bubble...
...Jesper Koll, president and CEO of Tantallon Research Japan, argues that when falling prices are factored in, the country's nascent recovery is weaker than recent positive GDP growth numbers suggest. "We've got the consumer price index falling by 2.5%, wages falling by about 2.0%, winter bonuses falling by about 14%, and the Nikkei (stock market index) going down," he says. "All the growth we're seeing is because of arithmetic." Complicating matters is the strength of the Japanese yen, which has gained 6% on the dollar in the last three months. Prices generally decline in a strong currency...