EasyRSS: Clipmarks | Vietnam Clips

Clipmarks | Vietnam Clips Stagflation Defined clipped by: katsteevns clippers remarks: (cont.)The term first came into use in the mid-1970s, when inflation soared to 12 percent and the unemployment rate nearly doubled to 9 percent. This inflation was the result of the quadrupling of oil prices by the Organization of Petroleum Exporting Countries (OPEC), increases in the price of raw materials, and the lifting of Vietnam-era government-imposed Price and Wage Controls. At the same time, the economy went into recession. In 1979 the high inflation rate was sent spiraling upward when OPEC doubled petroleum prices after the Iranian revolution. President Jimmy Carter established the Council on Wage and Price Stability, which sought voluntary cooperation from workers and manufacturers to hold down wage and price increases. The council could not control OPEC, however, and repeated oil-price hikes thwarted the councils efforts. Years of continued inflation and high unemployment was one of the factors that undermined the Carter presidency and Democratic Party proposals for welfare Clip Source: www.answers.com Dictionary: stagflation   (st?g-fl?sh?n) Investment Dictionary: Stagflation A condition of slow economic growth and relatively high unemployment - a time of stagnation - accompanied by a rise in prices, or inflation. Investopedia Says: Stagflation occurs when the economy isnt growing but prices are, which is not a good situation for a country to be in. This happened to a great extent during the 1970s, when world oil prices rose dramatically, fueling sharp inflation in developed countries. For these countries, including the U.S., stagnation increased the inflationary effects. Term coined by economists in the 1970s to describe the previously unprecedented combination of slow economic growth and high unemployment (stagnation) with rising prices (inflation). The principal factor was the fourfold increase in oil prices imposed by the Organization of Petroleum Exporting Countries (OPEC) cartel in 1973-74, which raised price levels throughout the economy while further slowing economic growth zum Artikel... Obama under fire for playing T-ball during Vietnam clipped by: masbury clippers remarks: Who IS Barack Obama? What T-ball players did he pal around with? Clip Source: www.theonion.com Obama Under Fire For Playing T-Ball During Vietnam WASHINGTON?At a press conference on Monday, members of the Vietnam Veterans Alliance blasted Democratic nominee Barack Obama for his failure to serve in the Southeast Asian war that ended 33 years ago, alleging that during the conflict the candidate frequently engaged in games of T-ball. "While our boys were dying in Vietnam, Barack Obama was running around a little league field, laughing and having fun without a care in the world," VVA spokesman James Lowry said. "John McCain left his wife and three children behind and fought bravely, but I guess Sen. Obama decided that practicing cursive and learning how to ride a bike was just more important than defending his country in her hour of need. I bet he wasnt even able to point out Vietnam on a map." Lowry later speculated that if Obama had been sent over to fight in the conflict, he probably would have peed his pants and cried for his mommy as soon as he touched down in Saigon. Tags: humor, onion, obama zum Artikel... Für die Inhalte dieses Feeds ist alleine der jeweilige Autor/Anbieter verantwortlich. Die Inhalte stellen nicht die Meinung von EasyRSS dar. Dies ist eine automatisch generierte E-Mail. Bitte antworten Sie nicht auf diese E-Mail. Wenn Sie Feedback an EasyRSS senden wollen, nutzen Sie bitte das Feedback Forumlar. Wenn Sie sich von EasyRSS abmelden wollen, gehen Sie bitte auf den Menüpunkt "Meine Daten". Ihr EasyRSS Team http://www.easyrss.de