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So far, during the presidency of Barack Obama, the price of a gallon of gasoline has jumped 83 percent, according to data from the Bureau of Labor Statistics. (AP Photo) During the same period, the price of ground beef has gone up 24 percent and price of bacon has gone up 22 percent. When Obama entered the White House in January 2009, the city average price for one gallon of regular unleaded gasoline was $1.79, according to the BLS. (The figures are in nominal dollars: not adjusted for inflation.) Five months later in June, unleaded gasoline was $2.26 per gallon,...

A Gallup survey done across 20 sub-Saharan African countries on the main sources of lighting for households saw Mauritius fair best, with 100% of respondents saying this was provided by power lines. South Africa came in second at 80% in terms of households with grid supplied power for lighting, followed by Ghana (67%), Nigeria (66%) and Cameroon (65%). At the bottom of the list in this survey for electrical grid power supplying household lighting was Liberia at 4%, followed by Chad and Burkina Faso at 8%. In Chad, Tanzania, Burkina Faso, the Central African Republic, Sierra Leone, Madagascar, Uganda and...

BULAWAYO, Zimbabwe, Dec. 3 (UPI) -- A Zimbabwean man who called for a prostitute to come to his hotel room said he collapsed to the floor when his daughter showed up. Father-of-three Titus Ncube of Bulawayo said he called for a prostitute to come to the hotel room in which he was staying while having marital problems and was shocked when his 20-year-old daughter arrived, the British tabloid the Mirror reported Friday.

PRESIDENT Mugabe yesterday said homosexuals and lesbians will be punished severely for their behaviour which is inconsistent with African and Christian values. He made the remarks at the launch of the Tongogara Community Share Ownership Tru-st at Unki Mine. Zimbabweans told Copac during the outreach programme that they want homosexuality outlawed. Said the President: "Do not get tempted into that (homosexuality). You are young people. Mukaenda ikoko we will punish you severely." He took a swipe at recent utterances by British Prime Minister David Cameron that London will not aid countries that do not respect gay rights. Mr Cameron said...

The International Criminal Court (ICC) said it had held talks - through intermediaries - with Saif al-Islam about his possible surrender. Prosecutors stressed that Gaddafi's son, who is wanted for crimes against humanity, would get a fair trial. Saif al-Islam, who was once the presumed successor to his father, has been in hiding for months. Recent reports claimed he was in a convoy heading toward Libya's desert border with Niger, where other Gaddafi allies have fled. But those reports have not been confirmed, and the ICC said it did not know where he was. Zimbabwe-bound? ICC prosecutor Luis Moreno Ocampo...

'I do not know what happened... but I am seriously in love with (the) donkey,' man tells courtIt may have been the work of a genie or a sorcerer or just that a Zimbabwean man is off his rocker, for he claims in court that he had hired a prostitute who during the night transformed into a donkey. He says that he is now "seriously in love" with the animal, state media said Wednesday. "I think I am also a donkey. I do not know what happened when I left the bar, but I am seriously in love with (the)...

At the end, I felt that the gist of the AU pronouncement had clearly evaded the comprehension of many. For a start, the continental body announced that it will not recognise the NTC because Article 30 of its Constitutive Act clearly stipulates that the body will not recognise governments that come into power through unconstitutional means. It is apparent that the AU, guided by this legislature, was obliged to reject any association with the Libyan rebels. Simple logic informs us that the NTC is not a constitutional entity as it came into being after usurping power through unconstitutional military means....

President Robert Mugabe's government on Tuesday said the Libyan ambassador to Zimbabwe must leave the country because he has switched his allegiance to the Libyan rebels' National Transitional Council... "Once you renounce the authority that gave you the letter of credence and then proceed to pledge allegiance to another authority ... it means that act deprives you of your diplomatic standing," Mumbengegwi said... Asked about speculation that longtime Libyan leader Moammar Gadhafi is in Zimbabwe after fleeing as the rebels took over Tripoli, Mumbengegwi said, "I refuse to answer hypothetical questions." On Wednesday of last week, El Magrahi lowered the...

A house at the Anglican Church in Rugare is said to have been turned into a love nest. This comes amid speculation that the caretakers at the church site are offering lodging services to local prostitutes so that they can have 'quickies' in the Holy house. Impeccable sources who stay near the church informed this paper that ladies of the night would use the church house as a love nest of having sexual contracts with their clients. "The house at Anglican Church is being used as a love nest and the caretakers (sic) are charging a fee for the service,"...

Colonel Muammar Gaddafi has fled Libya to Zimbabwe on a jet provided by Zimbabwe President Robert Mugabe, it was claimed today, as rebels began the march on his home town. President Mugabe's political opponents claim their spies saw Gaddafi arrive in the country on a Zimbabwe Air Force jet in the early hours of Wednesday morning. They say the Libyan dictator was taken to a mansion in Harare's Gunninghill suburb, where agents from his all-female bodyguard were apparently seen patrolling the grounds. 'There's no doubt that Gaddafi is here as a 'unique guest' of Mugabe,' a spokesman for Zimbabwe's opposition...

Hyperinflationits have now blown it twice. First, they insisted hyperinflation would happen before deflation. They were wrong. Then, during the QE2 inspired equities and commodities ramp, they said the same thing. They were wrong again. Prior to the Great Financial Crisis I had a bet with "Heli-Ben", a staunch hyperinflationist who insisted we would hyperinflation before deflation. I won the bet but have not yet received my prize, a "crying towel" from "Heli-Ben". By any rational measure, and certainly by my definition, the US went into a period of deflation lasting at least a year. Deflation ended in March of...

The US Treasury has hit back against a Standard and Poor's downgrade of its AAA credit rating, saying there was a $2 trillion dollar error in the agency's calculations. "A judgment flawed by a 2 trillion dollar error speaks for itself," a Treasury spokesman said, just after the US lost its AAA rating for the first time ever and was downgraded to a AA+. *snip* Moody's and a third ratings agency, Fitch, say they continue to study the deficit plan to see if the US merits being kept in their ranks of AAA countries. Earlier, an official close to the...

TALK OF QE3 SAVES THE DOW FROM HISTORIC LOSING STREAK: Here's What You Need To Know Joe Weisenthal Aug. 3, 2011, 4:00 PM But first, the scoreboard: Dow: +38.22 NASDAQ: +26.00 S&P 500: +7.05 And now, the top stories: * With the debt deal over, the focus turns (finally!) to the ongoing crisis in Europe, and the worsening economy in the US. In Europe, there wasn't much new in terms of developments. The main thing that gave markets a bit of an early lift was an emergency rate cut by the Swiss National Bank in the hopes of stemming the...

Four tonnes of gold ore were allegedly stolen by a 46 member gang from a small scale gold mine in Zimbabwe in two separate raids, state media reported on Wednesday. The robbers allegedly beat up workers with iron bars and clubs. One of the workers lost two fingers during one of the raids at the mine at Chev Chess Farm near Kadoma, a town about 140 kilometres south west of the capital Harare. According to the Herald newspaper, the first group of 19 armed men went to the mine on June 8 at night driving pickup trucks. "They were armed...

The purpose of these articles is to provide insightful comment on the contemporary South African and southern African scene from a Christian, “politically-incorrect” perspective, in order to counter the propaganda of the Reds, almost-Reds (liberals and others), religious Reds (“liberation theologians”), and all their fellow-travellers; and to encourage Christians to pray for the people of this beautiful but desperately needy part of the world, and especially for their Christian brethren living here; and to do what they can to assist them. On the 29th March, Zimbabweans went to the polls in the presidential and legislative elections after years of suffering...

The national director of Zimbabwe's Catholic Commission for Justice and Peace said he fears that priests could be victimized after a recent commission statement urging political leaders to intervene to stop politically motivated skirmishes in the capital, Harare. Bishops and priests were targeted after the country's bishops spoke out against political intolerance early this year "and the same could easily happen now," Alouis Chaumba said in a July 5 telephone interview with Catholic News Service from Harare. ...A priest at St. Peter's Church in Mbare, Jesuit Father Oskar Wermter, said he and other priests in the area "are always aware...

......His mother, he says, built the 700-pupil local school, his father sat on the local council, and whenever his black neighbours need helping out - be it a fellow farmer borrowing a tractor, or the local police borrowing fuel for their cars - it is his door on which they knock. ....He has already handed over another farm he owns to a group of black settlers who turned up in 2006, since when, he says, he has done his best to be neighbourly. He helps prepare the land for cultivation and offers advice when they need it, although driving through...

In the 1970s, Kenya had about six times as many elephants as Zimbabwe, and today Zimbabwe has three times more elephants than Kenya (see chart).  What happened that caused the dramatic reversal in elephant populations in the two African countries?  Terry Anderson and Shawn Regan of the Property and Environment Research Center (PERC) explain in their excellent article "Shoot an Elephant, Save a Community": "Anti-hunting groups succeeded in getting Kenya to ban all hunting in 1977. Since then, its population of large wild animals has declined between 60 and 70 percent. The country’s elephant population declined from 167,000 in...

Harare, Zimbabwe (CNN) -- A police officer in Zimbabwe who has languished at a police detention barracks for a month for using a toilet reserved for President Robert Mugabe will learn his fate at end of this week following an appeal to his boss. Alois Mabhunu, a homicide detective was sentenced last week to 10 days after he was convicted by an internal police court for responding to a call of nature in a toilet which had been reserved for Mugabe at a trade fair in Zimbabwe's second biggest city. On Monday, a relative of Mabhunu said the officer was...

The Anglican Church in Zimbabwe is being harrassed by police and an ex-communicated bishop(AP) The Anglican Church in Zimbabwe is facing a tough battle against state authorities and an ex-communicated bishop trying to take away its property and its freedom to worship. In the latest incident, sixteen churchgoers, including an elderly woman, were arrested and detained, and several priests turned out of their homes in the Diocese of Harare. The Anglican Church of Zimbabwe has faced attacks, police raids and random arrests since the excommunication of former Bishop of Harare, Dr Norbert Kunonga. Dr Kunonga, a staunch ally of President...

Farm invaders taunt white farmer HARARE – White commercial farmers have come under renewed siege from farm invaders following the disbandment of the Sadc Tribunal last week, according to representatives. Charles Taffs, the Commercial Farmers Union vice president said his organisation had received fresh invasions in Manicaland’s Chipinge area as well as on the outskirts of Harare this week. He said the dissolution of the Sadc Tribunal, the white farmers’ last frontier of hope, had left them as cannon fodder to President Robert Mugabe’s allies clamouring for the complete removal of whites from farms. Sadc leaders last Friday dissolved...

Zimbabwean farmers attend a meeting of white commercial farmers in capital Harare Zimbabwe's Supreme Court heard a case on behalf of three farmers who claimed the constitution excluded confiscation of their land because they bought their properties after the colonial era ended with independence in 1980. The Supreme Court did not agree and quickly dismissed their application. One of the farmers, Colin Cloete, a former president of the Commercial Farmers’ Union at the height of often violent land invasions seven years ago, was one of the applicants. He, like many of his colleagues, has been arrested, harassed and appeared in...

"Democracy is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequal alike" Plato (BC 427 - 374BC). Open rigging and clinging brazenly to power have become common features of emerging democracies in the world today especially in Africa. Many Countries in Africa have become accustomed to "sit-tight dictators" or military style of leadership, with democracy being propelled by the West for their replacement. This is at the centre of the on-going conflict in many emerging democratic nations. Democratization of the world today as being championed by United States of...

When call of nature comes, it cannot always be denied. Few have answered it in such an unfortunate fashion as Alois Mabhunu. While on duty at a trade fair, the Zimbabwean police sergeant could not hold on and allegedly dashed to the nearest toilet – disastrously, it transpired, as it was reserved for President Robert Mugabe. He was arrested and imprisoned on suspicion of invading the presidential privy. The incident happened at the annual Zimbabwe Int'l. Trade Fair (ZITF) in the western city of Bulawayo, according to local radio station VOP. Under the headline "Never Use Toilet Reserved For President!"...

PRESIDENT Robert Mugabe says South Africa, Nigeria and Gabon were “naive” to vote for a United Nations Security Council resolution which has been used by Western countries to carry out a sustained bombardment of Libya. “Our African countries were naïve, absolutely naïve, to vote with the West when the West had its interests, you know, its own motives ... ulterior motives,” Mugabe said in an interview published on Friday. “These motives include wanting to re-occupy our countries. They are in search of our resources, in search of political control. It's now the reversal of the freedoms that we attained through...

A 100-trillion-dollar bill, it turns out, is worth about $5. That's the going rate for Zimbabwe's highest denomination note, the biggest ever produced for legal tender—and a national symbol of monetary policy run amok. At one point in 2009, a hundred-trillion-dollar bill couldn't buy a bus ticket in the capital of Harare. But since then the value of the Zimbabwe dollar has soared. Not in Zimbabwe, where the currency has been abandoned, but on eBay. The notes are a hot commodity among currency collectors and novelty buyers, fetching 15 times what they were officially worth in circulation. In the past...

BULAWAYO - Zimbabwe’s black empowerment lobby group has accused foreign owned companies of sabotaging the controversial indigenisation policy by deliberately closing shop and stripping assets to avoid take-over. Affirmative Action Group (AAG) regional treasurer, Elias Mashava on Wednesday said the indigenisation drive faces a setback if no action was taken against the companies. “We have a situation here where some companies are deliberately closing, stripping assets and selling machinery so that they are not included when the indigenisation drive is in full swing. “The government should take action against such companies who want to sabotage the black empowerment policy,” Mashava...

A HWANGE woman has shocked her locals after marrying five husbands, three of whom she is currently staying with under one roof, the state controlled Sunday Mail reported. Her first two husbands have died, with one of them committing suicide after a traditional court tried to end the bizarre union. The woman behind this unusual case of polyandry (having two or more husbands at the same time) is Ms Shupi Gladys Ngwenya from Gezi Line in Lupote Village, about 80km from the mining town of Hwange. According to Lupote village head Ms Lydia Ncube, before Shupi's first husband died three...

Hundreds of skeletons found in a remote mine shaft in Zimbabwe have been used as political propaganda by supporters of President Robert Mugabe. The Fallen Heroes of Zimbabwe Trust, a previously little known group of Mugabe party loyalists, says says the remains of more than 640 bodies have been discovered in the disused Chibondo gold mine near the provincial center of Mount Darwin, 110 miles from Harare, But while the trust says the bodies are those of victims of colonial atrocities committed under former leader Ian Smith, pathologists say visual evidence may point to more recent killings in a nation...

“So be it, I'm not ashamed of what I did... All these people that are complaining that this shouldn't happen, that these people who are starving to death otherwise shouldn't eat these elephants, you probably see them driving through at McDonald cutting a steak. These people (in Zimbabwe) don't have that option,” he told the station by phone. Conflict with humans is the biggest threat to the African elephant, according to the World Wildlife Fund. "As the elephants continue to raid crop fields, farmers are being killed while trying to defend their fields and elephants are becoming the source of...

Col. Muammar al-Qaddafi is well known now for the abuses he has inflicted on his own people during more than four decades of brutal rule in Libya, but few remember the vast campaign of carnage and terrorism he orchestrated across West Africa and Europe when he was at the height of his powers. Nor are his more recent alliance with Hugo Chávez of Venezuela and his long-standing relationship with Daniel Ortega of Nicaragua -- both of whom are busy trampling their constitutions and moving toward dictatorship -- well understood. And the fact that all three governments support the Revolutionary Armed...

North Korea is pleading for food aid even from some of the world's poorest nations such as Zimbabwe, a report has said, amid suspicion the aid may be used to boost the regime's political standing. JoongAng Ilbo newspaper, citing a Seoul diplomatic source, said the communist North sought food not only from the United States and Europe but also from poor African countries. "Now they are begging for food even from the world's poorest countries in Africa such as Zimbabwe where annual per-capita income is only around 200 dollars," said the source quoted by JoongAng. ... Seoul once provided an...

Zimbabwe is to defy United Nations sanctions in a deal to sell uranium to Iran Simbarashe Mumbengegwi, Zimbabwe's foreign minister, said the sanctions – which prohibit member states from providing Iran with raw materials that it could use to make a nuclear weapon – were unfair and hypocritical. He said that Zimbabwe, which is also the subject of sanctions over human rights abuses perpetrated by President Robert Mugabe's supporters, would benefit economically from the agreement. A leaked intelligence report suggests Iran will be awarded with exclusive access to Zimbabwe's uranium in return for providing the country with fuel. The report...

Mugabe dispatches Commandos to protect Gaddafi – The Zimbabwe Mail Feb 23, 2011 ... HARARE – There are unconfirmed reports doing the rounds in Zimbabwe State intelligence circles saying President Robert Mugabe has sent troops from his Commando crack unit to Libya to save his long time ally and financier Colonel Muammaur Gaddafi. In 2001, a British newspaper reported that Gaddafi had sent troops to Zimbabwe, to help Robert Mugabe crack down on his political opponents and the white farmers, according to Zimbabwean intelligence officers. The two leaders have signed dozens of bilateral agreements which contributed millions of dollars worth...

Libya: Zimbabwean Army Helping Gaddafi in Libya Lance Guma 24 February 2011 Speculation that members of the Zimbabwe National Army are in Libya to help prop up cornered dictator Colonel Muammar Gaddafi, has gained momentum. This follows Zimbabwe's Defence Minister Emmerson Mnangagwa avoiding giving a straight answer to a question posed in Parliament. With the eastern part of Libya having fallen to anti-Gaddafi protesters, it's being reported that mercenaries from several African countries, including Zimbabwe, are putting up a stand in the west of the country, including the capital Tripoli, on behalf of Gaddafi. They are reportedly gunning down unarmed...

Economy Flight 666 - Our One-Way Ticket To Zimbabwe [Part 2 of Part 2, Part 1 can be found here] In the fine book “I.O.U.S.A.” former Comptroller General David Walker said, ”[The] fourth and most serious of all is a leadership deficit.” The material I reviewed underscores Walker’s observation. I’m a huge Paul Ryan fan. I’m impressed with his handle on our budget. I give him a tremendous amount of credit for addressing our dismal fiscal situation head on. I commend him for making it the center of his work. This is something most politicians refuse to even mention, let...

Can you imagine the bloated ego and over-the-top taste to live in such exaggerated -even cartoonish- opulence?  A Saudi Prince, ya think?  Russian oligarch?  Chinese billionaire?  Or was it Louis XIV of France...? Any guesses yet? Why, this bodacious crib belongs to none other than Soviet-trained economic incompetent, tin-pot dictator, and self-proclaimed "Hitler of all time"... Robert Mugabe Just contrast that pad with most Zimbabweans living in grinding poverty with a 95% unemployment rate and hyperinflation that topped-out at 6.5 quindecillion novemdecillion percent (6.5 x 10108%!) ... fact is, the poor wretches he's ruled over for thirty years have never had it so bad: Zimbabwe...

Yang Jiechi's visit represents warming relations between the two countries after China distanced itself when a violent crackdown by President Robert Mugabe over disputed elections in 2008 soured the investment climate. But there have been suggestions in the local media that Mr Yang will not get a friendly reception from all quarters. A reported agreement that could see China hand over as much as $10 billion in loans in return for access to Zimbabwe's platinum and revenue from its diamond fields has caused a row among government officials, one of whom dismissed it as a "raw deal".

Harare came to a standstill on Monday when a ZANU PF mob engulfed the city in chaos, destroying property worth thousands of dollars, mainly belonging to foreign owned companies. Our correspondent Simon Muchemwa told us that dozens of shops were looted when the ZANU PF militia went on a rampage, as police details stood by watching ordinary people and shop owners being abused and brutalised. Shops belonging to Zimbabweans were also caught up in the crossfire. The attacks on foreign nationals could easily be construed as xenophobic, according to our correspondent. Muchemwa said the mob, dressed in ZANU PF regalia,...

In what looks to be the start of the next phase of state-sponsored property heists in Zimbabwe, over 20 tourism facilities have been invaded in Lake Chivero Recreational Park (formerly Lake Mcllwaine), 37 km south west of Harare. The lake is Harare’s main water supply and the surrounding land was declared a national park shortly after construction was completed in 1952. The game park, currently home to some of the last white rhino in Zimbabwe, was opened in 1962. The invasion was reported on Friday (January 21) when a mob of about 150 people arrived without warning on Kumba Shiri...

HARARE, Zimbabwe – Nearly one-third of Zimbabwe's registered voters are dead, and others appear to be babies or up to 120 years old, researchers said Friday, calling for the list to be overhauled so that the upcoming election cannot be rigged. The independent Zimbabwe Election Support Network's report said that the anomalies opened the way for "double voting and other rigging intentions." In its research, the group found some 2,344 voters between the ages of 101 and 110 still on Zimbabwe's voting rolls, a dubious figure in a country where the average life expectancy is a mere 44 years.

HARARE – More than 80 000 youth militia, war veterans and soldiers will be deployed across the country in an army-led drive to ensure victory for President Robert Mugabe in the next elections that, according to investigations by ZimOnline, look set to be the bloodiest ever witnessed in Zimbabwe. A three-month investigation by ZimOnline that included interviews and discussions with Cabinet ministers, senior military officers and ZANU PF functionaries, revealed a desperate determination by Zimbabwe’s top generals to thwart Tsvangirai, with some even openly bragging that they would topple the Prime Minister should he somehow triumph against the planned violence...

IT IS almost election time in Zimbabwe and the treason season is upon us. In fact, anyone looking to challenge President Robert Mugabe for the presidency of Zimbabwe and before that the prime ministership, first has to leap the hurdle of a treason trial. It has become a sort of initiation and the higher the stakes or the stronger the opposition the more likely a treason trial will be in the run up to the elections. Anybody who has challenged the hegemony of Mugabe, such as the late Joshua Nkomo (Zapu), Ndabaningi Sithole (Zanu-Ndonga), Abel Muzorewa (UANC), and more recently...

HARARE, Zimbabwe (AP) -- Western visitors to Zimbabwe are looking for zeros. They're snapping up old, defunct Zimbabwe bank notes, most notably the one hundred trillion Zimbabwe dollar bill, as an economic souvenir. The one hundred trillion Zimbabwe dollar bill, which at 100 followed by 12 zeros is the highest denomination, now sells for $5, depending on its condition.

Until recently, California’s Central Valley was one of the nation’s most productive agricultural regions. Not only did it feed itself, the state of California, and the entire country, it also produced exports to other nations. That kind of enterprise employed a lot of people in Central California, from farm hands to wholesalers, and created a high standard of living.That continued right up to the moment that the federal government got more concerned over the Delta smelt, a small, inedible fish, than feeding people. A court order cut off water deliveries for seven months out of the year to the Central...

Two Israelis have been arrested on suspicion of smuggling rough diamonds from Zimbabwe into Israel, news outlets report. Last week, customs officials at Ben-Gurion International Airport reportedly stopped one man for a random check as he was leaving the airport through the "nothing to declare" lane and found a number of rough diamonds in his clothing pockets. When questioned, the man reportedly told authorities that he was employed in Zimbabwe as a water consultant and had been instructed to bring the diamonds – which do not carry Kimberley Process certification – to Israel by a diamond trader. When the diamond...

A BIZARRE accident involving warthogs delayed the arrival of US Ambassador to Harare according to a WikiLeaks cable. Ambassador Charles Ray failed to arrive in Zimbabwe on November 3 2009 after the wild animals strayed onto the runway where they were struck by an Air Zimbabwe plane. Security officials forced passengers to surrender any photographic evidence of the crash before they were allowed to leave. All night flights on that day, including Ray’s South African Airways flight were cancelled. However, the warthogs saved the day for Getrude Hambira, the Secretary General of the General Agriculture Plantation Workers Union. The unionist...

Harare - Zimbabwe's autocratic president, Robert Mugabe, is determined to hold elections by June. With his Zanu (PF) party in shambles, and opinion polls suggesting a drubbing, one might be forgiven for thinking the elder statesman was beginning to lose it. The country has been ruled for the past 19 months by a coalition government involving the 86-year-old president and pro-democracy leader Morgan Tsvangirai. The atmosphere between the two is so brittle they have not spoken to each other in months. 'We don't look each other in the eye,' Tsvangirai said recently. Mugabe has said he has no more use...

Zimbabwe is slowly but surely sliding back into political repression and into a climate of fear as politicians escalate reckless electioneering and belligerent propaganda. journalists are once more being targeted by President Robert Mugabe's agents of repression and thought police. The journalists' offence used to justify their arrests is thought-crime (in this case thinking and writing politically incorrect news). ... Zimbabwean journalists now fear the return of media tyranny. After all, this is a country in which journalists have not only been arrested and beaten up, but also tortured, leading to their deaths, and some, like Edward Chikomba, even killed.

QE2 Will Not Usher In The Apocalypse by: David Beckworth November 11, 2010 Though some folks would have you believe so. It is far from perfect--it needs an explicit nominal target to make it truly effective--but it is a step in the right direction. Martin Wolf agrees: The sky is falling, scream the hysterics: the Federal Reserve is pouring forth dollars in such quantities that they will soon be worthless. Nothing could be further from the truth. As in Japan, the policy known as “quantitative easing” is far more likely to prove ineffective than lethal. It is a leaky hose,...