Fed’s credibility tested as inflation drifts below target

In Sarkozy's Footsteps ON Sunday (May 5), an estimated 150,000 people gathered in the Place de la Bastille to listen to Jean-Luc Melenchon, the leader of the Left Front. Afterwards, Socialist party officials called the event highly divisive for the left. Accusations of populism and gauchisme also rapidly surfaced from Solferino, the Socialist headquarters. To paraphrase Bertolt Brecht: would it not be easier for the government to dissolve the people and elect another? It would seem rather unwise to admonish those who marched against finance and austerity because they were responsible for sending Francois ...

Water Wars In Yemen I AM in the Yemen International Hospital in Taiz, the Yemeni city in the central highlands that is suffering from such an acute water shortage that people get to run their taps for only 36 hours every 30 days or so. They have to fill up as much as they can and then rely on water trucks that come through neighbourhoods and sell water like a precious commodity. I am visiting Mohamed Qaid, a 25- year-old labourer from the nearby village of Qaradh who was struck the night before in the hand and chest by three bullets fired by a sniper from Marzouh, the village next door. The two villages have been fighting over the rapidly dwindling water supply from their shared mountain ...

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