Word: royall
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...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...
...centerpiece program of building a "harmonious society" by raising wages and improving state services such as health care for poorer workers plays well with the masses, but may undermine efforts to contain inflation. "As low-income earners enjoy higher incomes they tend to spend money," says Simpfendorfer, the Royal Bank of Scotland economist. "Ultimately that's an inflationary story." Political considerations can also prevent officials from taking aggressive, timely action, says Albert Keidel, a senior associate with the Carnegie Endowment for International Peace and a former Beijing-based senior economist for the World Bank. "It's better to nip inflation...
...jurors were retracing the final movements by Diana and companion Dodi Al Fayed ahead of their fatal car crash in August 1997. The current investigation comes at the behest of Dodi's father, Mohammed Al Fayed, who insists his son and Diana were killed in a plot by the royal family and secret services to prevent the couple's impending marriage. Those charges have been rebuffed by an official French investigation and at least two U.K. rulings that said the deadly crash was an accident. Still, this new inquiry was ordered convened - and it trip to Paris slated as part...
...Juan Carlos played such a sterling role during the Transition [to democracy] that it basically shelved questions about the nature of the new political regime," says Paul Preston, professor of Spanish history at the London School of Economics and author of a biography of the King. Since then, the royal family has dedicated itself largely to charity drives, hospital inaugurations, and promoting Spanish interests abroad...
...there are signs that public deference is fading. In the spring, the Catalan Republican Left party promoted a bill that would require the royal family, which annually receives around $10 million in public funds, to turn over their financial records. That motion was defeated, but it didn't stop the same party from last month raising a new proposal that would shift the position of Commander in Chief, which historically has belonged to the King, from the monarch to the Prime Minister. Beyond the maneuverings of an avowedly republican party, other signs of change have appeared. In July, a weekly...