U.S. Inflation Seen Low Next to Other Nations
The OECD ranks the United States fourth lowest in 12 month inflation through May at 9.5 percent, with Germany 6.1, Switzerland 8.2, and Austria 8.6. UK rates reach 25 percent and Ireland 24.5, while Iceland 47.4, Italy 19.7, and Australia 17.2 show higher pressures. The piece notes oil price spikes, wage demands, and deficit spending as contributing factors and cites the Chamber of Commerce cautioning about government growth and public budgets.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
United States
Organization For Economic Cooperation and Development
OECD
Germany
Switzerland
Austria
Iceland
Italy
Australia
Hang gliding boom sparks medical warning
A Denver surgeon warns colleagues to expect more hang gliding injuries as the sport gains popularity. The AP reports enthusiasts take to hills with winged flight, risking serious accidents.
MENTIONED IN THIS ARTICLE
Denver
U.S. car sales slip in early July as slump eases
U S car sales for July 1 10 were about 160000, down 9 from last year but up 2 from June. Analysts say the auto slump, linked to the 1973 oil embargo and recession, shows some recovery with May and June figures improving while layoffs remain high.
MENTIONED IN THIS ARTICLE
Detroit
U.S
Middle East
Murder trial halted over broken pants zipper
Sidney Wurzburg told Spokane County Superior Court Judge John J. Lally the zipper on his pants broke during a recess. The court paused for about a half hour while his wife brought replacement pants, leaving the jurors waiting and the defendant embarrassed.
MENTIONED IN THIS ARTICLE
Spokane, Wash
Sidney Wurzburg
Spokane County Superior Court
John J. Lally
Wurzburg
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