Interesting Inflation News Links (March 08, 2009)

* The 1981-82 recession was painful; current struggles could cut even deeper into US economy (Deb Riechmann)

WASHINGTON – Factory jobs disappeared. Inflation soared. Unemployment climbed to alarming levels. The hungry lined up at soup kitchens.

* Double pain in the pocket for Arun council tenants (Roger Green, Worthing Herald)

Rents for council properties will go up by about 5.8 per cent from April, because the level was set by the Government in September, based on the much higher inflation rate then.

* Quantitative easing is not the answer (Liam Halligan, Telegraph)

So determined was the pro-Euro lobby to bury Emu-sceptics, it cast aspersions on the character of those who took an opposing view.

* Recession On Track To Be Longest In Postwar Era (KITV)

WASHINGTON — Factory jobs disappeared. Inflation soared. Unemployment climbed to alarming levels. The hungry lined up at soup kitchens.

* Plan to tax mileage vs. gas gaining speed (Detroit Free Press)

WASHINGTON — Despite opposition from the White House, a proposal to tax drivers on the number of miles they drive each year is gathering speed on Capitol Hill.

* Mileage tax gaining speed in Congress (Rob Hotakainen, Kansas City Star)

Despite opposition from the White House, a proposal to tax motorists on the number of miles they drive each year is gathering speed on Capitol Hill.Its popularity is increasing as Congress searches for alternatives to the federal gasoline tax, which isn’t indexed to inflation and hasn’t been raised since 1993.Supporters say that a mileage tax would be a more reliable source of fun…

* Capitol Hill on board with mileage tax proposal (Akron Beacon Journal)

WASHINGTON: Despite opposition from the White House, a proposal to tax motorists on the number of miles they drive each year is gathering speed on Capitol Hill.

* Bank braced for losses over plan to print money (Times Online)

THE Bank of England expects to lose money on the �150 billion quantitative-easing scheme it unveiled last week.

* Investments to Fight Inflation (Selena Maranjian, Newsweek)

If you’re not worried about inflation’s effect on your future, you should be. It can really eat away at the value of your money. It has averaged around 3% annually over long periods, which is enough to turn a seemingly sizable nest egg into just a few bites of an omelet. Viewed on a shorter-term basis, a 3% inflation rate for the year is enough to turn a 10% return on your investment over a yea…

* A rush into gold could be gamble (Philadelphia Inquirer)

Gold is where investors go when they are scared – scared about war, scared about economic meltdowns, or scared about runaway inflation.

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