Word: poorly
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...rises contributed to the collapse of two Indonesian regimes; inflation was also a factor during China's Tiananmen Square uprising in 1989. Consumer price inflation stirs up the middle classes because it can quickly erase years of hard-won personal gains. And inflation can be particularly cruel to the poor, because families are forced to spend a larger share of their meager incomes on necessities. UNICEF estimates that an additional 1.8 million children in India may be on the brink of malnutrition due to high food costs as households scale back on meals. In the Philippines, farmers, unable to afford...
...program could rise--but would probably be dwarfed by other spending to combat the crisis. A worst-case taxpayer bailout of mortgage-market giants Fannie Mae and Freddie Mac, whose plummeting stock prices caused consternation in early June, could cost as much as $1.1 trillion, according to Standard & Poor's. Which brings us back to the big question: Would a law that helps a few hundred thousand homeowners avoid foreclosure really have an impact on house prices? Well, compared to what...
...sending Thailand's stock market down nearly 20% since late May. The index had already been a lackluster performer, with the country still recovering from the aftermath of the September 2006 military coup that unseated elected Prime Minister Thaksin Shinawatra. A billionaire tycoon who is generally loved by the poor and reviled by the rich, Thaksin was charged with corruption and his party was disbanded. On Wednesday, the first of many cases against Thaksin got underway in Bangkok, just as other courts were busy issuing rulings that dealt body blows...
...thousands of jobs. But the latest figures suggest the manufacturing boom has peaked - and the big question is, How pronounced will the slowdown be? On July 4, the government announced that orders to manufacturers dropped by 0.9% in May. Most economists had expected a modest rise, and the unexpectedly poor performance - combined with other data suggesting that business confidence is on the wane - caused much hand-wringing. "The outlook for German industry is worsening extremely rapidly," says Riches-Flores...
...Appearances matter - and remember to smile When Mandela was a poor law student in Johannesburg wearing his one threadbare suit, he was taken to see Walter Sisulu. Sisulu was a real estate agent and a young leader of the ANC. Mandela saw a sophisticated and successful black man whom he could emulate. Sisulu saw the future...