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Inflation

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NEWS
July 26, 2011
By Michael Silverstein Washington's big new idea for keeping Social Security solvent, while saving the government about $300 billion over 10 years, is something called the "chained CPI. " It could soon replace the standard measure of inflation - the consumer price index, or CPI - long used to keep seniors' real-world benefits from being whittled away by price increases. The new yardstick would virtually guarantee that future Social Security cost-of-living adjustments will be smaller than if the standard CPI were used.
NEWS
November 30, 1989
If there's one thing Lettie Gay Carson has learned in all her years of fighting for improved public transportation in central Bucks County, it's patience. After nearly a decade of lobbying to restore train service between Fox Chase in Northeast Philadelphia and Newtown, where the 88-year-old Ms. Carson lives (and thrives, we might add), she's still waiting to savor an elusive victory. It baffles her, as it does us, why there's been so little progress on electrifying the rail line between Fox Chase and Newtown, which would make service possible with SEPTA'S Silverliner cars.
NEWS
July 8, 1988 | By Robert J. Samuelson
"The Federal Reserve's job is to take away the punch bowl just when the party gets going. " - William McChesney Martin, chairman of the Federal Reserve Board, 1951-70. The party's going just fine. Indeed, it's time to take away the punch bowl. Since World War II, the worst mistakes in economic policy have occurred when prosperity seemed strongest. Modest inflation was allowed to get out of hand. Fighting it then required high unemployment and prolonged economic stagnation. The lesson: A pre-emptive strike against inflation makes sense.
NEWS
May 8, 1995 | by Randolph Smith, Daily News Staff Writer
Savers who want some protection against inflation should think about real estate. With living costs rising only 3 percent a year, inflation may hardly seem a concern. But most people remember the 1970s, when inflation breached 13 percent, causing prolonged stock and bond losses. Inflation comes in cycles, so a period of rapid price hikes isn't out of the question in the future. This could knock the stuffing out of bonds and blue-chip stocks, which typically make up the lion's share of retirement savings.
NEWS
March 2, 1989 | By ROBERT J. SAMUELSON
It's important to practice what you preach. George Bush and his economic lieutenants say they want to encourage long-term economic thinking. The President should heed his own advice and stop heckling the efforts of Federal Reserve chairman Alan Greenspan to curb inflation. Combatting inflation is a classic case of doing something difficult today for much larger benefits tomorrow. The President disclaims any fight with Greenspan. Maybe. But Bush's complacency about inflation amounts to the same thing.
NEWS
July 17, 1995 | BY JOHN KENNETH GALBRAITH, New York Times
The Fed's reduction of one set of interest rates marked the beginning of the end of Alan Greenspan's war on inflation. The war began in February 1994 with the Fed's quarter-point increase in the rates that banks charge one another for overnight loans and led to a doubling of those rates, to 6 percent from 3 percent. It is not quite over yet. The financial markets expect further cuts. The war was phony. So was the enemy. Despite nonstop fretting by Greenspan, the Fed's chairman, no serious evidence of accelerating inflation ever emerged.
BUSINESS
January 29, 1991 | From Inquirer Wire Services
Despite a robust 0.7 percent increase in December, Americans' incomes failed to keep up with inflation last year, government figures showed yesterday. The Commerce Department said incomes grew 6 percent in 1990 to $4.65 trillion, after having advanced 7.7 percent in 1989. At the same time, inflation, measured by the Labor Department's Consumer Price Index, jumped 6.1 percent. December's gain in incomes reflected the fact that workers put in longer hours at higher pay levels.
BUSINESS
May 3, 2011
Inflation is a tax on our wallets. We're paying about $4 a gallon (or more) for gasoline, about as much for a gallon of milk, and feeling the effects of post-Civil War-high prices for cotton at clothing stores. Instead of fearing inflation, why not embrace it in your portfolio? Let's examine ways to play the trend and make money from inflation, specifically via exchange-traded funds. One of the chief ways to wager on rising inflation used to be by buying TIPS (Treasury Inflation Protected Securities)
BUSINESS
February 13, 2013 | By Erin E. Arvedlund, Inquirer Columnist
We investors follow the markets closely, but we shouldn't focus solely on the headline stock and bond market returns. What truly determines the soundness of our investments are the "real returns" generated by our portfolios after inflation and taxes. What's a real return? Investors usually fixate on nominal pretax returns (a.k.a. total returns), but we have to live on the money generated by our "real" returns, which is what we earn and take home after paying capital-gains taxes and accounting for inflation.
BUSINESS
June 11, 1991 | From Inquirer Wire Services
Fighting inflation should remain the international community's biggest economic goal despite the recession in several large industrial countries, a world banking organization said yesterday. The Bank for International Settlements, which acts as a central bank to the world's central banks, dismissed the Bush administration's call for major countries to lower interest rates to spark economic growth. The bank said that taming inflation was more important than acting hastily to overcome recession.
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BUSINESS
May 5, 2016 | By Erin Arvedlund, Staff Writer
A few thousand Vanguard investment customers thought they had made some extra bucks on Monday. But it turned out to be a software glitch: Vanguard account holders who were checking their balances on Apple iPhones, iPads, and Apple Watches - in short, anyone using an operating system on an Apple device - briefly experienced inflated values. "A few thousand out of our 20 million clients" were affected, according to Vanguard spokeswoman Katie Hirt. Hirt said 16 percent of customers who visit the company's website Vanguard.com do so through an Apple device and application.
TRAVEL
April 4, 2016
Once baby outgrows her initial bathing station and it's time for a transitional - and transportable - mini-tub, why not a duck? It's ideal for bath time inserted into a regular tub, but there's no reason the White Hot Inflatable Safety Duck Tub from Munchkin - designed for the 6- to 24-month-old set - can't go to the beach or other play area. Deflate and fold, and this all-weather fowl can go anywhere. The floor of the cushiony internal tub area has a non-skid, non-abrasive texture, the raised "tail" area of the vinyl duck makes a nice headrest for hair-washing, and the squeezable orange beak will grab your little one's attention.
NEWS
April 1, 2016 | By Howard Gensler
Remember all the hoo-hah about Tidal, the streaming service owned by some of music's wealthiest performers, which was going to revolutionize the flailing industry and make sure artists got paid? TMZ.com reports that Jay Z is suing the former owners and execs of Tidal for $15 million, claiming they inflated their subscription numbers like a Thanksgiving Day Parade balloon. According to reports, Jay Z was told the streaming service had 540,000 subscribers but now believes the number was much lower.
NEWS
April 1, 2016
By Sally C. Pipes Last week marked Obamacare's sixth birthday. President Obama is, of course, celebrating the occasion. At a recent speech in Milwaukee, the president offered a catalog of the law's supposed successes. Unfortunately, not one of his boasts stands up to scrutiny. He's ignored the growing pile of evidence that his namesake is failing the American people. Take his biggest boast - that Obamacare has helped 20 million people gain coverage over the past six years.
TRAVEL
February 29, 2016
What began as a project to bring light to communities in developing nations has evolved into a business that lights up the night for backpackers and other outdoor enthusiasts. MPOWERD's Luci Inflatable Solar Lantern is a 5-inch-diameter-by-1-inch-thick transparent flexible plastic disk that inflates via mouth power to become a 5-inch-high waterproof cylinder weighing a few ounces. A cluster of LEDs in the bottom of the cylinder is powered by solar panels on the outside. Push the power button and you've got a lantern when the LEDs point up, a flashlight when pointed down.
TRAVEL
January 11, 2016
Air mattresses have grown sturdier, more comfortable, and, of late, taller (some rise to nearly the height of a regular bed), making them great take-alongs on driving vacations - or even overseas trips - where there may be more people than beds in your accommodations. (Don't get me started on those lumpy, usually not-so-clean fold-away cots that hotels proffer as extra beds.) Always on the lookout for improvements, I've fallen in like with the new SoundAsleep Dream Series Raised Air Mattress.
NEWS
September 20, 2015 | By Justine McDaniel, Inquirer Staff Writer
An inflatable doll reminiscent of a blow-up sex toy was pulled from the shelves of the West Chester University campus bookstore Friday after protests from students and others on social media. The Sensational Inflatables product bears a cartoon of a woman in her underwear on the package and says "Inflate for an instant date!" However, the university said social media users had taken the doll out of context. The figures are only 6 inches tall when inflated and were leftover gag gifts from Valentine's Day, said university spokeswoman Loretta MacAlpine.
NEWS
June 10, 2015 | By Don Sapatkin, Inquirer Staff Writer
In the great debate over why health care costs so much, some have pointed to inflated hospital charges, while others say those sticker prices don't really matter. What is clear, however, is that Southeastern Pennsylvania has a significant cluster of high-price-tag hospitals. Of the 50 hospitals in the nation with the highest markups over cost, six are in the city and its surrounding counties, according to an analysis published Monday; a seventh is 50 miles north. Only Florida, with 20 hospitals on the list scattered around the state, had more than Pennsylvania.
NEWS
April 2, 2015 | By Chris Palmer, Inquirer Staff Writer
  In 2011, artist Russell Buckingham painted two murals at the Risoldi family mansion near New Hope. One, in the dining room, showed their opulent home amidst ancient ruins, he said. The other, filling the domed ceiling of the house's entryway, depicted family members clad in robes and floating in the clouds. According to Buckingham, he was paid $50,000 for his work. Three years later, he said, the family matriarch, Claire Risoldi, told him that insurance companies were looking into how she spent their payouts after a 2013 fire at the home.
BUSINESS
July 8, 2014 | By Erin E. Arvedlund, Inquirer Columnist
Inflation is making a comeback - although the Federal Reserve doesn't think so - prompting us to determine how we might hedge against it, or benefit from rising prices. Witness higher prices everywhere: at the grocery for meat and coffee, at the gasoline pump, rents, even health care. Invest in companies that benefit from rising prices, such as exchange-traded funds Market Vectors Agribusiness ETF (MOO) that correspond to the price and yield of the Market Vectors Global Agribusiness Index.
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