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Showing posts from March 3, 2008

Deconstructing Republican presidential candidates

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My new article in the American Conseravtive (March 10, 2008), "Model Citizens: Beyond the Realist vs. Idealist Debate" is out but not available online yet. But if you click on the two item below and print them, you could read it (I hope):



Stagflation threat looms over inflation hawks

Business Times - 04 Mar 2008


Stagflation threat looms over inflation hawks

Fed more fearful of fallout from housing crisis and its unknown backlash

By LEON HADAR
WASHINGTON CORRESPONDENT

When the second most senior man at the US Federal Reserve acknowledges that the rising cost of energy, food and imports are spilling over into the core inflation rate, even inflation doves get worried. Indeed, when Fed vice-chairman Donald Kohn expressed concern early last week that the 'higher costs of energy, a pickup in the prices of imported goods (as the dollar declines), and perhaps, the persistent upward price pressures in commodity markets may be passing through a bit to core consumer prices', some Fed watchers began speculating that the US central bank would be forced to take a break from its interest-rate cutting drive aimed at containing the threat of economic recession.

While, an annual rise of 2.5 percent in the 'core' consumer price index may not look like a danger to the …