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Latest Deflation Stories

2006-02-15 00:05:00

By Tim Ahmann WASHINGTON -- Federal Reserve Chairman Ben Bernanke will seek to establish his anti-inflation credentials when he delivers the central bank's semi-annual report to Congress on Wednesday after just two weeks on the job. The Fed chairman's testimony, always closely watched, will be parsed more intently than usual as financial markets try to size up the man who took over from Alan Greenspan on February 1 and search for clues on the path of interest rates. Bernanke, a top economic...

2006-01-31 06:30:00

LONDON -- After 14 years ranked as the most expensive city in the world for expatriates, Tokyo has been knocked off the top spot by Norway's capital Oslo, a survey showed on Tuesday. The biannual survey by the Economist Intelligence Unit (EIU) compares the cost of goods and services in dollar terms. The rise of Oslo and other European cities partly reflects the long-term under performance of the U.S. currency. Iceland's capital Reykjavik jumped to third place ahead of Japan's Osaka and eight...

2005-11-16 12:53:18

By Tim Ahmann WASHINGTON (Reuters) - The U.S. Senate Banking Committee on Wednesday approved the nomination of Ben Bernanke to be chairman of the Federal Reserve, sending it to the full Senate for a final confirming vote. The panel backed Bernanke, chairman of the White House Council of Economic Advisers, on a voice vote, with just one committee member in opposition. "Ben Bernanke has the potential to follow in the footsteps of the giants like Paul Volcker and Alan Greenspan," New...


Word of the Day
caparison
  • A cloth or covering, more or less ornamented, laid over the saddle or furniture of a horse, especially of a sumpter-horse or horse of state.
  • Clothing, especially sumptuous clothing; equipment; outfit.
  • To cover with a caparison, as a horse.
  • To dress sumptuously; adorn with rich dress.
This word ultimately comes from the Medieval Latin 'cappa,' cloak.
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