Nikhil Kumar
Nikhil Kumar
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How inflation became America’s greatest economic problem

How inflation became America’s greatest economic problem

Mae Decena/Shea Lord360°How inflation became America’s greatest economic problem LENSESLLaborPPoliticsWWarCClimateCChinaThe last time inflation was this high, the Fed engineered a severe recession. Unfortunately, the problem is much more complex now. Can the off-ramp to spiking inflation go better this time?ContributorsWhat are 360s? Grid’s answer to stories that deserve a fuller view.LENSESInflation has hit its highest level since the early 1980s, with prices rising 8.3 percent in the last year.The last time inflation, defined as the change in consumer prices over time, was this high was...

May 12, 2022
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Global food crisis: Beyond the Ukraine-Russia grain deal, what else can the world do?

Global food crisis: Beyond the Ukraine-Russia grain deal, what else can the world do?

Freeing up 20 million tons of grain would ease the crisis; experts say much more needs to be done. The world couldn’t have been hungrier for it — in the most literal of ways. Which is why when the United Nations Secretary-General António Guterres unveiled a deal last week to restart Ukrainian grain exports, he was almost unrelentingly effusive, calling the agreement a “beacon on the Black Sea.” It was, , “a beacon of hope … a beacon of possibility, a beacon of relief … in a world that needs it more than ever.” A first sign that the deal was holding came Wednesday, as at three key southern...

July 28, 2022
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