Word: rising
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...tags for cars, trains, airplanes, luxury goods and food products have become absolutely daunting once they've traversed the euro-dollar exchange. In places like the Netherlands, Germany, and Austria - where enormous pressure on salaries and production costs have made goods and companies more competitive in recent years - the rise of the euro has been less catastrophic, though only in relative terms. Whereas Germany has watched the plummeting dollar eat at its healthy trade surplus, France blames that slide for worsening its growing trade deficit. The consequences have been similar in both countries: as BMW warned that...
...also taking other steps. It recently expanded on a program introduced late last year to inject billions of dollars of liquidity into the banking system. The reason is the continued rise of key interest rates - including all-important mortgage rates - due to financial market distress. We are therefore poised not only to see further policy-rate cuts, but also continued nontraditional central-bank actions to get credit markets working again, including possible outright purchases of U.S. mortgage-backed securities...
...This is leading to a new face of hunger in the world.' JOSETTE SHEERAN, head of the U.N. World Food Program, warning that the global rise in basic-food prices could continue until 2010. Food riots have broken out in Morocco, Yemen, Mexico, Senegal and Uzbekistan...
There was a certain bracing beauty about the original seven deadly sins--pride, gluttony, melancholy (which was dropped in the 17th century in favor of sloth), lust, greed, envy and anger--which among them could account for virtually all the crimes, follies and misfortunes of mankind. Anger gives rise to violence; gluttony to waste; pride to every manner of tragedy and hurt. They were judged sufficient for the past 15 centuries, ever since they were cataloged by Pope Gregory the Great, with an assist from Thomas Aquinas and Dante...
Ethanol, the love-child of Bush’s bad poll ratings, a White House PR campaign, and the worst type of leap-before-you-look environmentalism, has helped to drive what might be the biggest rise in world food prices since the nineteenth century. The shame of it all is that ethanol isn’t going to clear up our climate change woes. Scientists aren’t even agreed that ethanol is energy efficient to produce and, if it is, it makes more sense to abolish immense trade tariffs and buy cheap corn from Brazil than...