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Turkey’s runaway inflation soars to near 79%

The Turkish government’s continued failure to stabilize the battered lira raises the prospect of inflation topping 100% in the fall. Consumer prices in Turkey rose 4.95% in June, bringing annual inflation to 78.6%, the highest reading since 1998, according to official data released Monday. The spiraling inflation — fueled mainly …

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The Second-Coming Of The BRICS

When the inaugural BRIC summit took place in 2009, it was a moment of relative triumph for its members. While the West dealt with the worst financial crisis since the Great Depression, BRIC countries — Brazil, Russia, India and China — enjoyed temporary shelter from the turmoil. When South Africa …

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