Word: regionality
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...Nowhere is the policy challenge bigger than in Asia. With the region's recovery gaining pace more quickly than elsewhere, it could be the first region to face inflation pressures. In China, growth is rapidly returning to pre-crisis levels. On Oct. 22, China reported that its gross domestic product grew by a healthy 8.9% in the third quarter, from the same period a year earlier. Inflation in China "will rise faster than in most other major economies and will therefore justify earlier and stronger-than-expected rate hikes," wrote Jun Ma, an economist at Deutsche Bank in Hong Kong...
...question if Asia will take such action, even if it does prove necessary. By raising rates ahead of the rest of the world, Asia could attract capital flows and put pressure on its currencies to appreciate. Stronger currencies would make Asian exports more expensive - a consequence policymakers in the region's trade-dependent economies might wish to avoid. "Unless you are really forced to do something independent of the Federal Reserve, you are probably not going to go that route," says Duncan Wooldridge, an economist at UBS in Hong Kong...
...rarely live up to expectations. One group particularly angered by the White House's lack of action are activists and lobbyists for Darfur, who backed him in last year's election and wanted quick action to end the killing and start fixing the humanitarian disaster in the troubled Sudanese region. Frustrated by the absence of an official policy, groups such as the Save Darfur Coalition, the antigenocide advocacy organization the Enough Project, and Humanity United, a California foundation that provided a significant portion of the money behind the Darfur movement, lashed out at Obama in early September. Furious...
...weak El Niño, a warming current in the Pacific Ocean that is can be used to predict weather patterns, according to the National Weather Service’s website. Strong El Niño currents are often correlated with warmer-than-average winters in the New England region...
...state tuition and fees at public, four-year schools rose 6.5% this year to $7,020 ($15,213 with room and board). Out-of-state costs saw similar increases, to $18,548 for tuition and fees and $26,741 with room and board. New England was the most expensive region for several types of schools; private, four-year schools averaged $43,884 with room and board, compared with $30,220 in the southwest...