- The Conflicted Bank of England
The dilemma is that any depreciation of sterling increases the level of imported inflation that is not offset by spare capacity in the economy.
- Bin Laden and the Afghan Endgame
There is a chance that, following Bin Laden’s death, the Haqqani group could now be tamed and thus become willing to enter into negotiations with the Afghan government.
- The Ethanol Hunger
Biofuels policies in the US and the European Union have led to the creation of biofuels industries with significant output capacity – mainly ethanol in the US and biodiesel in the EU.
- The ECB's Secret Bailout Strategy
So financing a continued PIGS current-account deficit of about €100 billion a year would consume the entire stock of base money within another six or seven years.
- Europe's Test in North Africa
The mainstream reaction has been much more fearful: media and politicians throughout the European Union are obsessing about the threat of waves of migrants reaching their borders.
- Can East Asians Cooperate?
More broadly, only through the establishment of less ambitious, smaller-scale, and functionally oriented institutions can momentum be built for a regional framework for peace.
- PetroChina Q1 Profit Up 14Pct
Profits in the first quarter for PetroChina Ltd., the public trade unit of China’s biggest oil and gas company, rose 14 percent from a year earlier, as refining losses are offset by gains in crude oil production and sales.