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stagflation

Dark Clouds on the Horizon

Posted on January 16, 2008 by Floyd Mann
Topics: Globalization

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:

For those who think that a well-managed globalization has the potential to benefit both developed and developing countries, and who believe in global social justice and the importance of democracy (and the vibrant middle class that supports it), all of this is bad news.

In the end, Stiglitz believes that central banks will be able to restore order after a global slowdown in which the inflationary pressure is wrung out of the system.

Keywords: stagflation, Joseph Stiglitz, inflation

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Zimbabwe: Irony of Rich Farmers Without Cash

All Africa - Fri, 05/16/2008 - 13:16
ZIMBABWE'S tobacco farmers are having cash problems. They have so much money in their pockets, but cannot buy what they need because it is in the form of cheques.

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All Africa - Fri, 05/16/2008 - 12:22
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OneWorld Daily Headlines - Fri, 05/16/2008 - 17:44
Selling excess rice held in Japan and imported from the United States would incite a rapid drop in the global price of rice but requires immediate action from Tokyo and Washington, write former editor of The Rice Trader, Tom Slayton, and policy analyst, Peter Timmer.

Half in Ten

OneWorld Daily Headlines - Fri, 05/16/2008 - 17:44
Four prominent American social justice groups are launching a campaign to halve poverty in the United States in 10 years.

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New York Times - Thu, 05/15/2008 - 21:34
The timing of Cyclone Nargis, which disrupted farmers as they were preparing to plant, could not have been worse.

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