Word: rising
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...around the world is coming to an end. This view isn't held just by a few lonely bears in the wilderness. In his new book and in recent newspaper interviews, former U.S. central-bank chairman Alan Greenspan has been emphasizing that prices for Chinese exports have started to rise, which will contribute to a revival of global inflation. Ben Simpfendorfer, China strategist for the Royal Bank of Scotland, puts it succinctly: "Where China was a deflationary influence over the last 10 years, it will be an inflationary influence over the next 10 years...
...several years. But what's really worrying many economists is the sudden appearance of relatively high inflation within China and the ripples that might cause abroad. Despite five interest-rate increases this year by China's central bank, the country's consumer price index has been stubbornly on the rise. In August, inflation climbed to a 6.5% annual rate, the fastest clip in more than 10 years...
...government and some economists blamed the jump almost entirely on sharply higher prices for meat and poultry, which surged 49% since mid-2006. Beijing maintains that the rise in food costs, which make up more than one-third of China's consumer price index, was largely the result of more expensive livestock feed and a one-off event: an outbreak of a porcine disease that killed 70,000 pigs and prompted the mid-September release of 30,000 tons of pork (about a quarter of the amount of pork China consumes in a day) from a national reserve to help...
...surprisingly—pays more to attend tuition-free Olin than he would have had he come to Cambridge.For many the idea of a free private college education is a fantasy, as tuition rates around the country climb upwards at alarming speeds with no end to the rise in sight. According to “Making Harvard Modern” by Morton and Phyllis Keller, Harvard’s own tuition has skyrocketed from $2,600 in 1970 to $22,699 in 2000 and currently sits at $30,275, up 5.3 percent from last year. The 21st century has seen...
...damage had been done, and much of the momentum Brown enjoyed since taking office in June has now been lost. The controversy helped to boost the already resurgent Tories, whose rise only intensified when Brown shied away from an expected November election earlier this week. Brown, who in Iraq had praised "the great courage, professionalism and bravery" of British troops stationed there, has found himself accused of cowardice by the increasingly confident Tories for avoiding an open election fight...