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Wages in the U.S. have been largely stagnant over the past 45 years, but during the same time span consumer prices have risen dramatically. Hari Sreenivasan discusses this trend and its effect on poverty with Bloomberg BusinessWeek reporter, Roben Farzad.
Editor’s Note: The government reported Wednesday that consumer prices fell in March, indicating a weakened demand for goods and services. But while this price drop raises the specter of deflation, many economists contend that the real risk to…
By Admin, PBS NewsHour
Consumer prices fell in March, the government reported Wednesday, indicating that weakened demand for goods and services during the economic downturn has kept a damper on energy and food costs.
By PBS NewsHour
Continuing concerns over the depth and breadth of the economic meltdown rippled through world markets Friday, pushing U.S. stocks to extend deep losses and sending overseas markets tumbling.
Consumer prices made their biggest drop in decades in October, due in part to lower gasoline and energy prices.
The Dow Jones Industrial Average surpassed 12,000, for the first time Wednesday. While the peak was only brief, it indicated that inflation and consumer prices were falling. A finance professor discusses the significance of this milestone.
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