Higher Oil Prices Send Asian Shares Up

Asian investors brushed aside worries over continuously rising Chinese inflation today, focusing instead on bargain shopping. Energy companies were a major attraction as oil prices surged. Hong Kong’s Hang Seng Index climbed 1….

How Inflation Could Be 66% Higher Than the Fed Reports

The Fed’s next consumer price report out Thursday is likely to show a scant 0.3% rate in January. So why does it feel like prices everywhere are climbing noticeably? A different way of measuring inflation from MIT’s Billion Pri…

Can the U.S. Sidestep Growing Global Inflation?

Rising food and energy prices will likely hit America the same way they’ve hit other countries. Other inflationary forces are more variable from nation to nation. Still, the U.S. can’t fully escape rising prices, especially whe…

Obama’s Budget Cuts: Less Than Meets the Eye, Thankfully

A parade of Republicans immediately lined up to attack the president’s proposed budget this week, claiming the plan falls short of making a real difference. They’re right. And that’s good, because really deep reductions are the…