Latest Inflation Stories
U.S. markets advanced for the third consecutive trading session Wednesday after inflation data came in close to expectations. The U.S. Department of Labor said consumer prices rose 0.4 percent in August, in line with the consensus forecast. The figure is also strong enough to shake off worries of deflation, yet low enough to keep inflation worries at bay. Bank of America, Citigroup and General Electric led all companies in trading volume. Istar Financial Inc. led all gainers with stocks...
In a recession marked by massive layoffs, U.S. wage growth and purchasing power appears to have increased, government data shows. Most companies decided the way to deal with the recession was to cut workers, rather than cut wages, The New York Times said Wednesday. In addition, the recession has been marked by a lack of inflation. The government reports prices are down 2 percent from a year ago. Declines in weekly pay for the first half of the recession, meanwhile, were largely attributed to...
U.S. markets shook off a recent trend of morning losses and advanced early Wednesday, with inflation data in line with expectations. The U.S. Department of Labor said consumer prices rose 0.4 percent in August, in line with the consensus forecast. The figure is also strong enough to shake off worries of deflation, yet low enough to keep inflation worries at bay. In midmorning trading, the Dow Jones industrial average gained 0.29 percent, 27.81 points, to 9,711.22. The Standard & Poor's...
In fiscal year 2007, decreases in funding at MSIs outpaced decreases among all academic institutionsIn fiscal year 2007, federal agencies gave less science and engineering (S&E) funding to academic institutions that primarily serve minority students, says a new National Science Foundation report released today.According to the report, historically black colleges and universities (HBCUs) received $406 million in federal S&E dollars in fiscal year 2007, their lowest annual funding total...
SHARON, Mass., Sept. 9 /PRNewswire/ -- Cash for Gold USA reported a big increase in business this week as a result of the major surge in the spot price for gold, silver and platinum. At mid-day today, gold exceeded $1,000/oz, its highest price since March, 2008. At the same time, silver reached a 13-month high as a weaker dollar and inflationary concerns increased the appeal of precious metals. According to Norman Schneider, president, "Sellers have really reacted to this week's unique...
The booklet is based largely on insights from two academic experts on food pricing - Dr. Steven Cummins, of Queen Mary, University of London, and Professor Derek Oddy, Emeritus Professor of Economic and Social History at the University of Westminster - for a public policy seminar organized by the ESRC for the Food Standards Agency.Dr Cummins draws on his research with Professor Sally MacIntyre, of the Medical Research Council, Social and Public Health Sciences Unit, Glasgow, and Dr Dianna M...
HARRISBURG, Pa., Sept. 5 /PRNewswire/ -- Federal policies to stimulate the economy have halted the economic freefall that just six months ago was consuming Pennsylvania and the United States, according to the Keystone Research Center's annual report on the state's economy and working families. Still, the "Great Recession" has wrought damage on the state and national economies, adding to the urgency for policymakers to take decisive action to strengthen the middle class, center economists...
NEW YORK and LONDON, Sept. 4 /PRNewswire/ -- GAIN Capital Holdings, Inc., a global provider of online trading services, today announced that its FOREX.com UK subsidiary had added spot metals to its MetaTrader 4 platform. Clients are able to trade gold (XAU/USD) and silver (XAG/USD) on a margined basis, with spreads currently as low as four cents. The two metals products are in addition to the currency pairs currently available on FOREX.com's MetaTrader platform. FOREX.com added metals to...
The European Central Bank left its overnight bank-to-bank lending rate unchanged Thursday citing an uneven economic recovery. In a news conference, bank President Jean-Claude Trichet said inflation in the euro at minus 0.2 percent in August, was expected to turn positive within the coming months. The EC bank said it would keep the lending rate at 1 percent, the rate it first set in May. Trichet said it was not yet time to back away from economic programs that propped up the financial system...
BEIJING, Sept. 3 /PRNewswire-Asia/ -- Himfr.com, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, reports the price of pork will not exceed the high 2007 prices. The price of pork has been continually rising for nine weeks, and it seems that the price of pork will fluctuate wildly again. The market is worried that there will be a new round of widespread fear of inflation. Food commodities account for one third of the CPI...
Latest Inflation Reference Libraries
Quintessence (Dark Energy) -- Quintessence or dark energy is a hypothetical form of energy postulated to exist in order to explain observations of an accelerating universe. This energy would act like a vacuum pressure, pushing things apart. Other attempts to explain these recent observations involve a non-zero cosmological constant, which has the same effect. Indeed, sometimes quintessence is said to result in a non-zero cosmological constant, and conversely a non-zero cosmological...
Cosmological Constant -- The cosmological constant (usually denoted by the Greek capital letter lambda: Λ) is a value occurring in Einstein's theory of general relativity. The units of Λ are 1/second2; its value is unknown but believed to be positive based on recent observations. The constant is proportional to the energy density of the vacuum Ï, where Ï€ is Pi, G is the gravitational constant and c is the speed of light in vacuum. The term can be postive, negative, or...
Inflation -- Inflation is the idea - first proposed by Alan Guth (1981) - that the nascent universe passed through a phase of exponential expansion that was driven by a negative vacuum energy density (positive vacuum pressure). This expansion can be modelled by a non-zero cosmological constant. As a direct consequence of this expansion, all of the observable universe is posited to have originated in a small, initially causally-connected region. Quantum fluctuations in this microscopic...
Accelerating universe -- In the late 1990s, observations of type I supernova produced the unexpected result that the expansion of the universe appears to be accelerating. These observations appear more firm as new data has appeared. This means that the speed with which a distant galaxy recedes from us increases over time. If this trend continues, eventually we won't be able to see any other galaxies any more. This new theory of the end of the Universe has been called the Big Rip....
Wilkinson Microwave Anisotropy Probe (WMAP) -- The Wilkinson Microwave Anisotropy Probe (WMAP) was launched on June 30, 2001 at 3:46 p.m. EDT at Cape Canaveral Air Force Station, Florida, USA. The goal of WMAP was to map out minute differences in the Cosmic Microwave Background (CMB) radiation which would help test theories of the nature of the universe. On February 11, 2003, the public relations group from NASA made a press release regarding the age and composition of the universe....
