http://www.newser.com/2008 - Newseren-usNewser Feed GeneratorThu, 20 Nov 2008 3:52:10 CSThttp://www.newser.com/story/41739/credit-crisis-froze-inflation-dallas-fed-chief.html?refid=rss_all_defaultThe credit crisis has had at least one unintended positive effect, stopping a growing threat of inflation, Bloomberg reports. Dallas Fed president Richard Fisher said “inflationary momentum froze in its tracks” as the credit market did the same, but otherwise had a poor view of the economy. “I don't see any economic growth in 2009,” he said. “None.”http://www.newser.com/story/41739/credit-crisis-froze-inflation-dallas-fed-chief.html?refid=rss_all_defaultTue, 04 Nov 2008 12:45:28 CSThttp://www.newser.com/story/41313/spending-dive-sends-gdp-down.html?refid=rss_all_defaultThe US economy shrank less than expected in the third quarter but still suffered the biggest contraction since the 2001 recession, reports Bloomberg. The gross domestic product fell 0.3%, led by the first fall off of consumer spending in two decades. The figure, out from the Commerce Department this morning, beat the forecast 0.5% annual rate but nevertheless rang alarm bells among economists who warned a prolonged recession is likely.http://www.newser.com/story/41313/spending-dive-sends-gdp-down.html?refid=rss_all_defaultThu, 30 Oct 2008 7:57:02 CDThttp://www.newser.com/story/39685/spains-debt-solution-shame-delinquents-into-paying.html?refid=rss_all_defaultAs personal debt grows in Spain, debt-collectors are taking the trick-or-treat approach, donning costumes—tuxes, bagpipers’ gear, Pink Panther suits—and knocking on doors. If all goes as planned, neighbors take note and the debtor is embarrassed into paying, the Wall Street Journal reports. “The idea is to make the delinquency public," says one collector. "We have our professional uniform like anyone else.”http://www.newser.com/story/39685/spains-debt-solution-shame-delinquents-into-paying.html?refid=rss_all_defaultSat, 11 Oct 2008 5:48:16 CDThttp://www.newser.com/story/36954/99-cents-only-hikes-prices-but-only-by-099-cent.html?refid=rss_all_defaultThe store where nothing costs more than 99¢ has become the store where nothing costs more than 99.99¢, reports the LA Times . The top price at 99 Cents Only will go up by 99/100 of a penny this month, say executives at the discount chain, who blame inflationary pressures. The move is expected to earn the chain an extra $12 million.http://www.newser.com/story/36954/99-cents-only-hikes-prices-but-only-by-099-cent.html?refid=rss_all_defaultMon, 08 Sep 2008 23:47:20 CDThttp://www.newser.com/story/35516/inflation-hurts-us-workers-europeans-keep-pace.html?refid=rss_all_defaultWorkers in the US are falling behind inflation while their counterparts in the 15-nation Eurozone are keeping pace, in part because of more powerful unions, the Wall Street Journal reports. But rising wages may damage the European economies, as they deter companies from hiring and in turn boost inflation. When wages are indexed to prices, an inflationary spiral is particularly hard to break, the paper observes.http://www.newser.com/story/35516/inflation-hurts-us-workers-europeans-keep-pace.html?refid=rss_all_defaultFri, 22 Aug 2008 6:57:50 CDThttp://www.newser.com/story/35249/wholesale-prices-rising-at-fastest-pace-since-1981.html?refid=rss_all_defaultWholesale prices jumped 1.2% in July—more than twice the rate economists expected and the fastest pace in 27 years, according to government data released today, the AP reports. Core prices, which exclude food and energy, rose 0.7%, the biggest since November 2006; new home construction in July fell to the lowest pace in more than 17 years.http://www.newser.com/story/35249/wholesale-prices-rising-at-fastest-pace-since-1981.html?refid=rss_all_defaultTue, 19 Aug 2008 9:36:53 CDThttp://www.newser.com/story/34913/consumer-prices-jump-in-july-inflation-at-17-year-high.html?refid=rss_all_defaultUS consumer prices shot up 0.8% in July, twice the expected rate, pushed higher by surging energy and food costs, the AP reports. The spike left inflation running at 5.6%, the fastest pace in 17 years, the Labor Department reported today. It marked the third straight month of soaring prices, following jumps of 0.6% in May and 1.1% in June.http://www.newser.com/story/34913/consumer-prices-jump-in-july-inflation-at-17-year-high.html?refid=rss_all_defaultThu, 14 Aug 2008 8:40:32 CDThttp://www.newser.com/story/34802/bank-of-england-pressed-to-rein-in-inflation.html?refid=rss_all_defaultGreat Britain’s inflation rate—driven by energy and food prices rising at the fastest pace in more than 20 years—is on track to hit 5% by autumn, reports the Guardian . The cost of living jumped 0.6% to a 16-year high of 4.4% last month, the largest 1-month jump under the Labor government, boosting pressure on the Bank of England to raise interest rates.http://www.newser.com/story/34802/bank-of-england-pressed-to-rein-in-inflation.html?refid=rss_all_defaultWed, 13 Aug 2008 5:03:05 CDThttp://www.newser.com/story/33356/say-goodbye-to-the-reagan-revolution.html?refid=rss_all_defaultThe Reagan Revolution, which ushered in a quarter century of deregulation, looks as if it's taken a stake in the heart, the Wall Street Journal reports. The Fed is offering tens of billions in emergency loans to failing banks, the SEC wants more power to regulate financial institutions, and the Treasury arranged JPMorgan’s purchase of Bear Stearns and then lobbyied Congress to prop up Fannie and Freddie. Is it dead, or just wounded, the Journal wonders.http://www.newser.com/story/33356/say-goodbye-to-the-reagan-revolution.html?refid=rss_all_defaultFri, 25 Jul 2008 12:37:20 CDT