One theory states that stagflation is caused when a sudden increase in the cost of oil reduces an economy's productive capacity. The oil crisis of the 1970s is the prime example. In October 1973, the Organization of Petroleum Exporting Countries (OPEC) issued an embargo against Western countri...
During the first half of the 1970s, the economy was characterized by "stagflation" -- with both unemployment and inflation at uncomfortably high levels. The economic optimism of the previous decade -- the "go-go" Sixties -- gave way to an unease -- famously called a "malaise" by Jimmy ...
During the first half of the 1970s, the economy was characterized by "stagflation" -- with both unemployment and inflation at uncomfortably high levels. The economic optimism of the previous decade -- the "go-go" Sixties -- gave way to an unease -- famously called a "malaise" by Jimmy ...
With its smooth curves and clean lines, this week’s subject could easily have been a prop onSpace: 1999.Car and Drivercalled it the best-styled car of 1974, but some critics still consider it one of the ugliest designs of the seventies and it remains one of the most divisive. It was...
On top of all the civil unrest, the first case of the Ebola virus came to light, which would bring a new type of devastation to the world. Pop culture and societal aspects of the 70s further added to the distinct atmosphere of 1976. Sports and entertainment experienced breakthroughs and ...
Meanwhile, the long-term GBP annualised returns of gold are hard to pin down. Take your pick from: 1900-2022: 0.8% 1968-2022: 3.5% 1975-2022: 1.5% Ultimately, gold is a total wildcard. It may work during an inflationary crisis: the charts show it soaring like a NYC pencil-tower ...
The ultra-low-cost airline WOW Air was based in Iceland, offering flights between North American and Europe, with a free stopover in Iceland. A seasonal and unprofitable business model may have caused the airline to start faltering. ItsCEO saidthe nail in the coffin came with the purchase of...
It was established to get the best writing to an eager reading public without the usual bottlenecks caused by entrenched literary agent-publishing house regimes that affirmatively limit the number of titles published each year. Unlike most established brick and mortar publishers, Double Bridge relies ...
If you find yourself suddenly dipping your toe back into the world of dating, be prepared to study up on your terminology before you download all of those apps onto your phone. The dating world continues to adopt and use words to describe situations that you rarely encounter among your non-...
If you find yourself suddenly dipping your toe back into the world of dating, be prepared to study up on your terminology before you download all of those apps onto your phone. The dating world continues to adopt and use words to describe situations that you rarely encounter among your non-...