Word: soon
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...deflation isn't just a U.S. anxiety. Japan, which emerged from deflation only earlier this decade, is now back in recession, has negligible inflation and could soon see prices fall again. So too in Europe, where the European Central Bank was behind the curve in seeing the risks to growth that the credit crisis posed and kept interest rates too high for too long. Though Europe is not in outright deflation yet, the pressures across the continent are all trending downward. Even in China, the world's largest developing nation, officials acknowledge that the risk of inflation - their main concern...
...paper’s outgoing editors elected their successors early this morning, and the president of the 135th Guard, Malcom A. Glenn ’09, announced the results to the staff soon after...
...search for a scientist to fill the position, known as the Patricia Cornwell Conservation Scientist, will begin as soon as the endowment is complete, Lie said. The Andrew W. Mellon Foundation will match Cornwell’s gift...
...Despite Mugabe's threat to walk away from talks and form a government without the MDC, sources inside both the opposition and the ruling party have told TIME that the octogenarian strongman will soon have to yield to some opposition demands. "We believe that eventually a government will be formed because we can't continue without one," a top official of the ruling party, speaking on condition of anonymity, told TIME. "Obviously it will include our colleagues in MDC. We are just waiting for them to make up their minds so that we can kick-start the process of national...
...since the SARS virus rampaged the city in 2003, stalling the economy for months on end. GDP shrank 0.5% in the third quarter - the second consecutive quarter-on-quarter contraction. That officially means Hong Kong is in a recession, and it doesn't look likely to end any time soon. The government lowered its forecast for 2008 growth from 4-5% to 3-3.5%. "The global financial turmoil has derailed the economic upturn that Hong Kong has enjoyed," government economist Helen Chan told reporters. (See pictures of the global financial crisis...