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...detentions and stepped-up night patrols. "This is not a country in anarchy," he says. "People are going about their business. Across most of Iraq, life is clearly getting better." But Baghdad's beleaguered residents might beg to differ. Running water and electricity are rare to come by; the wait for gasoline can last two days; and in many neighborhoods, malnourished children play in streets that are flooded with raw sewage and piled with garbage...
...economist at the Economic Policy Institute, a research group based in Washington. Wage erosion partly explains why the Federal Reserve Board openly frets about the threat of deflation, a downward spiral in prices that can cripple an economy by making debt repayment more difficult and encouraging consumers to wait for even lower prices. Adding fuel to the deflation debate, the cost of goods to both consumers and manufacturers fell in April, officials reported last week...
...cheapest. Ireland's dilemma points to the E.U.'s bigger one-rate-fits-all policy problem: The country needs an interest rate hike to help stymie rising prices, but with German inflation likely to fall to 0.8% in May, the European Central Bank will probably cut rates. And just wait until Eastern Europe joins up. Countries like Lithuania and the Czech Republic have been grappling with deflation for four straight months. A Wheeze Of Relief Stocks of tobacco companies lit up after a Florida appeals court overturned a $145 billion judgement against them, ruling that the individuals suing were...
...Numan's capture represents an intensification of the US campaign against the one-time Iraqi leadership. Gen. Tommy Franks today ordered all full members of the former ruling Baath Party to identify themselves to the U.S. military. "Go to the nearest U.S. military forces and identify yourselves, and then wait to be told what to do,'' the general's statement said. ?There must be no Baath Party activity, because the party no longer exists.? As many as 1.5 million of Iraq's 24 million people belonged to the party, but only 25,000 to 50,000 were hard core members...
...want to wait until we here something from the Athletic Department,” Bolton said...