inflation

Mariama Zachary and Akua Azaiz tend to cocoa beans on a drying table in Ghana. Photo: <a href="http://www.flickr.com/photos/48639212@N02/5574716960/">Gates Foundation (flickr)</a>

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G-20 Searches for Answers to Food Crisis

Food prices are exceeding record highs—prompting policymakers worldwide to take action. A recent meeting of the G-20 agriculture ministers has given reason for hope, but many obstacles to less expensive food remain.

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Harrowing Hyperinflation

Zimbabwe's current hyperinflation rate sounds as flabbergasting as it is: 6.5 quindecillion novemdecillion percent.

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An Inflation Reality Check

While Zimbabwe demonstrates record breaking inflation, one may also look at Russia, Vietnam, Argentina, and Venezuela to see double digit inflation.

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UN Plans to Ration Food Aid

The UN is preparing plans to ration its food aid to people in need if new donations don't provide more money soon, according to an article in the Financial Times this week.

Here's 60 million Zim Dollars, roughly the equivalent of US $400 (August 2007). Photo: <a href="http://www.flickr.com/photos/grahamking/1015478118/">GrahamKing (flickr)</a>

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Where 10,000-Dollar Bills Mean Nothing

Imagine a place where you would rather use a $10,000 bill to light a fire than actually try to purchase goods.

Robert Mugabe with First Lady, Grace Mugabe. Photo: <a href="http://www.flickr.com/photos/53911892@N00/465156072/">Pan-African News Wire</a>

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Mugabe an Economic Liability

What happens when a dictator can't afford to pay the people who have ensured his rise to power? It looks like Zimbabwe's strong-man, Robert Mugabe, may be about to find out.

According to Time Magazine;

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Do Higher Oil Prices Mean Poverty for Middle East?

It seems counter intuitive-- how can higher oil prices possibly make oil rich countries like Saudi Arabia worse off? Well, these prices are certainly hurting the middle class.

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From Harare: A Tale of Survival

The BBC is featuring a diary written by a woman living and working in Zimbabwe in which she describes the challenges of living a normal day-to-day life in the face of economic crisis and rampant inflation.

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Monetary Flu Season

In a daily analysis from last week, Council on Foreign Relations senior fellow Benn Still suggested that the United States is “exporting inflation worldwide.” The latest action by the US Federal Reserve ma

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Dark Clouds on the Horizon

Nobel laureate economist Joseph Stiglitz paints a grim picture of the global economic outlook for 2008. Stiglitz warns that this is likely to trigger a backlash against the forces of globalization and that:

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