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Trichet's critics, including French President Nicolas Sarkozy, say it makes no sense for the ECB to raise interest rates to fight frothy commodity-market prices, and Trichet himself signaled that the bank isn't planning any more rate hikes in the near future. But surging inflation poses a huge threat to Europe's chances of beating the downturn, especially when combined with weak growth. Inflation is perhaps the trickiest economic indicator to forecast: for example, over the past year, the ECB's staff has based each of its inflation projections on an assumption that oil prices will stabilize...
...care that much about honesty, figure out who you want to be with, commit to that relationship and devote the rest of your life to making it the most honest relationship you can. But confessing your affair is the kind of honesty that is unnecessarily destructive. There are two huge exceptions to not telling: if you're having an affair and you haven't practiced safe sex, even if it's only one time, you have to tell. Again, the moral principle is minimizing the hurt. But this time, the greatest risk of hurt comes from inflicting a sexually transmitted...
Although $3.5 billion is a huge sum, NBC will foot only a fraction of the total bill. The Blackstone Group, Bain Capital, and NBC will reportedly pay just $600 million each upfront, and finance the balance. The Weather Channel's estimated $175 million annual earnings should help defray the debt...
...cleric and opposition leader Muqtada al-Sadr. Prime Minister Nouri al-Maliki launched the campaign last month under the banner of "imposing the law" and wresting control away from militias operating "outside the law." Similar campaigns in Basra, the chaotic port 100 miles away, and Sadr City, the huge Baghdad slum, initially met fierce resistance from al-Sadr's followers, but the cleric ordered his fighters to stand down in the Amara operation, allowing it to proceed peacefully. "The previous operation that happened in Basra really hurt the fighters," Harbia says. "Now they prefer to flee rather than to resist...
...years younger than they are. "You see my girl here", Mao Ce gestures to his young girlfriend sitting across the table. "She is only a little younger than me, 20-years-old, but already between her and her friends and me and my friends there is a huge difference. They are much more open in their thinking and view of the world...