Magazine content is available exclusively for TIME subscribers.Business: Prepping for Stage Two
A tough call coming up for Carter on inflation
A bittersweet flavor laced the economic news last week. On the good side, the consumer price index, after racing ahead at an average annual rate of 10.8% in the three months ending in June, slowed down a lot in July, chiefly because of a drop in food prices. On an annual basis, the index rose only 6%, the smallest increase since December. Unemployment also dipped, falling to 5.9% in August from 6.2% the month before. The bad news was that after months of steady improvement the nation's trade deficit in July came in...
Email, Password or Region is incorrect
A required form parameter was missing.
The System is currently down. Please try again in a few minutes.
Email Address is invalid
Password is blank
Most Popular »
- Your Turn, Canada: A Second-By-Second Look at Jeremy Lin Lighting Up Toronto
- Iowa Welcomes Back China's Next President
- What's in Your Lipstick? FDA Finds Lead in 400 Shades
- Linsanity Heads East, Linfects China and Taiwan
- 50 Best iPhone Apps 2012
- Rick Santorum Wants to Fight 'The Dangers Of Contraception'
- Can Jeremy Lin End The MSG/Time Warner Cable War?
- Love Ever After: A Valentine’s Day Special
- After Whitney Houston, Musicians Say: I'm Afraid
- Why Obama's Re-Election Fortunes Are Suddenly Looking Up
- Iowa Welcomes Back China's Next President
- Harvard's Hoops Star Is Asian. Why's That a Problem?
- With Syria's Rebels: A Visit to a Bombmaker's Factory
- Study: Lead Poisoning Could Lurk in Spices
- Friends With Benefits
- Beirut: Where Valentine's Day Belongs to Another Kind of Saint
- The Upside Of Being An Introvert (And Why Extroverts Are Overrated)
- Europe's Deep Freeze: Why Climate Change Is Not (Entirely) to Blame
- Los Angeles: 10 Things to Do
- Children of the New India: How Economic Reforms Impacted Upon the Young
More News from Our Partners
Top Stories on TIME.com
Quotes of the Day »
