Word: prices
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...Tokyo A Japan Without Sushi? Japanese fishermen staged their largest ever one-day strike on July 15, involving some 200,000 boats, as thousands of seamen massed in Tokyo to demand curbs on soaring fuel costs. The price of heavy fuel used for fishing boats has tripled since 2003, threatening to cripple an industry already hobbled by depleted fish populations. Japan is the world's second largest consumer of seafood...
...house that's worth 30% less than the mortgage. Then you're in crisis. Most Americans aren't. The economy still seems to be growing. Job losses have been manageable. Yes, people are very unhappy about the economy. But day to day, they're more worried about the price of gas than the soundness of the financial system...
...this activism comes at a price. The Fed's rate cuts have fueled inflation and undermined the dollar, now trading at about $1.60 to the euro. The Treasury's willingness to backstop Fannie and Freddie, which together are on the hook for $5.2 trillion in mortgage debt--just slightly less than what the U.S. government owes investors--is already sparking a bit of worry about the soundness of T-bills and bonds. With more bailouts, that worry could snowball...
Shelling out big bucks at the campus bookstore is a college tradition that students can count on each semester. Textbook prices have risen steadily over the past two decades to the point where the average student now pays $900 a year, an expense that typically isn't covered by financial aid. But come September, publishing upstart Flat World Knowledge will offer a much more appealing price point: its books will be free...
...McCain's embrace of Bush helped him emerge as the G.O.P. nominee this year from a crowded field of flawed candidates. But it came with a steep price, for his ties to the President now act like leg weights in his race against Barack Obama. They make it possible for Democrats to argue that a vote for McCain is a vote for more of what the country has endured over the past eight years...