February 17, 2012 |
Rising energy and food costs pushed up inflation by a modest 0.2 percent in January, according to a report released Friday, dampening fears that prices might be overheating with the improving economy. Overall, inflation is up 2.9 percent for the 12 months preceding January, the Labor Department report said. The slight rise in prices last month was offset by January's 0.2 percent increase in hourly earnings, the report said. The economy is showing the strongest signs of recovery since the recession hit in 2007.
August 28, 2013
The Aug. 25 editorial " An unseemly Fed campaign " fell seriously short of what is needed. The issue is not who is the best chairman to replace Ben S. Bernanke: Janet Yellen or Lawrence H. Summers. It is whether Federal Reserve policy has failed and, if so, why and what to do about it. We have had five years of inadequate economic growth with serious unemployment. The Fed claims it has been responding appropriately, but it has kept inflation below 2 percent. Most people would be prepared to accept...
November 25, 2012 |
PRESIDENT OBAMA and Congress have hard choices to make as they try to fashion a long-term budget compromise. But not all of the options are excruciating. One measure would generate large savings over the next decade, split between entitlement spending and revenue increases. The pain it inflicts on beneficiaries and taxpayers would be minimal, widely shared and phased in gradually. And all it would require is a quick administrative tweak. We refer, as we have before , to the long-standing need for more accurate cost-of-living adjustments to...
October 22, 2009 |
Fears of inflation and large U.S. budget deficits drove the dollar on Wednesday to its weakest level since August 2008 and helped push oil prices to their highest in more than a year. The euro rose above $1.50, while crude oil prices climbed over $81 a barrel in trading on the New York Mercantile Exchange. Analysts said that investors and traders are worried that the Federal Reserve, fearing another dip in the economy, will hold interest rates low for too long and fuel a bout of inflation.
April 13, 2008 |
Economic theory is leaping out of the textbook and into real life for people in their teens, 20s and 30s, who are experiencing inflation for the first time. Julie Catan, 23, was used to her regular pizza special: two large pies delivered to her house for $20. But when she called recently to place an order, the restaurant owner told her she would get only one large pizza and a side salad for that price. "Why is it so much money?" Catan, a college student in New York visiting her sister in Alexandria,...
September 14, 2011
The Sept. 12 front-page article "Tax policy feeds gap between rich, poor" did not mention one of the primary problems with the capital gains tax: It is not indexed to inflation. If a taxpayer bought a piece of undeveloped land in 1991 for $100,000, paid property taxes for 20 years but made no changes to the property, and in 2011 sold that undeveloped land for $165,000, the taxpayer would owe capital gains tax on $65,000. But the taxpayer has experienced a gain only as far as the IRS is...