Word: risen
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...poor countries?notably China?that are financing American consumption by purchasing U.S. government bonds. No wonder that with their vast liquidity, stock markets in many developing countries have vastly outperformed the U.S. market. Since lows reached in October 2002, America's S&P 500 index has risen 50%, while indexes in India and Jakarta are up by more than...
...Asia, in particular, are on fire, they are not alone. From Germany to Venezuela to South Africa, equity markets in both mature and emerging markets have moved up sharply this year?and show little sign of slowing. The Dow Jones World Stock Index, which excludes the U.S., has risen nearly 11% in 2006, easily topping gains in the U.S., where the Dow Jones Industrial Average is up a modest 2.2% since January...
...Italy is now on course to become the Oldest Country. Stuck with a stubbornly low birthrate of 1.3 children per woman (compared with 2.7 in the 1960s), its society is ossifying, and the economy faces deep structural strains. The median age since 1995 has risen from 40.2 to 42.5. In the past 10 years, the percentage of retired Italians has jumped from 23% to 28%--the second highest percentage in the world after Japan--meaning that there are fewer than four workers for every retiree. The rapidly aging workforce has clipped productivity and jeopardized the solvency of the pension system...
...Over the past five years, tuition increased on average by 4.7 percent annually. Tuition at Harvard has increased more slowly than costs at private four-year schools in general; according to the College Board, the overall tuition and fees at private four-year schools in the United States have risen at an average annual rate of 5.8 from 2001 to 2006. Yet while Harvard College’s rate of increase has been smaller than at many other schools, it still continues to outstrip inflation—even in the higher education sector. The Higher Education Price Index?...
...dubbed the land of smiles on the cover of a recent issue of German newsweekly Der Spiegel. Some 85% of respondents in a poll for the magazine anticipated that 2006 would be a "good year." The number of Germans who feel their government can improve their lives has risen fourfold in the past six months, consumer confidence is at its highest in four years, and the business climate index - a measure of how optimistic businesses are about the future - last week reached its highest level since German reunification. The reason for all this good cheer? Columnists call it the Merkel...