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Inflation or Deflation The amount of money that European governments and the U.S. are promising to put into the financial system is so vast - close to $2 trillion, if the cash injections and state guarantees are added up - that it could end up stoking inflation. Consumer prices have anyway been climbing for much of this year, as the cost of everything from oil to milk and cereal has risen. That trend is now changing as the global economy falters. Inflation leaped to a 16-year high in the U.K. in September, but elsewhere in Europe it has slowed, and economists...

Author: /time Magazine | Title: The Economy's Perilous Waters | 10/15/2008 | See Source »

Athletes, we get it. Unlike the vast majority of this campus, for whom gym class was a nightmare, you can actually play sports. But you don’t need to constantly prove this by wearing your sweatpants and your sweatshirts like some sort of gloriously sporty tuxedo...

Author: By Meaghan E Lyons, CONTRIBUTING WRITER | Title: BAD TREND ALERT: DHA Tuxedos | 10/15/2008 | See Source »

...group plans to use the Web site TravelForChange.org, which is not associated with the Obama campaign, to purchase tickets for campaigners with their miles. They will also provide free trips to students from other U.S. colleges, but the Harvard Democrats will get the vast majority of their miles, Zafran said...

Author: By Lauren D. Kiel, CRIMSON STAFF WRITER | Title: Dems To Fly to Raleigh for Obama Care of Italian Political Group Donations | 10/15/2008 | See Source »

...popular in Russia since Soviet times?" as Victor Tatarintsev, Russian ambassador to Iceland, noted in an interview on Russian television. More likely, this act of benevolence is being viewed as a way for Russia to help secure a bridgehead for an advance into the Arctic regions to claim the vast hydrocarbon and other mineral deposits there. Iceland also happens to possess a once vital NATO base, which has been in mothballs since 2006, and the Russians may be eyeing that as well...

Author: /time Magazine | Title: Why Russia Is Bailing Out Iceland | 10/13/2008 | See Source »

Unlike the banks that have collapsed or merged under pressure, insurance companies are tightly regulated, mostly by the states. The companies are required to keep vast sums of cash and short term investments to be able to pay off policies, and they are required to pay into state funds to protect policy holders in case one of the companies should ever fail...

Author: /time Magazine | Title: How Safe is Your Insurance Company? | 10/10/2008 | See Source »

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