Business Weekly
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Electricity Prices Will Be Increased by 20 %
Diana colaver is chief economist at anodo economics in london. She's been looking at how a spike in chinese power costs could effect consumer prices everywhere else. The solution to china's energy problems will be liberalizing the setting of electricity prices. Even the federal reserves acknowledgei prices are likely over the next few months. How did we not anticipate that a mess like this might occur? Blame the so called just in time economic model, says kent jones. It's an idea dating back decades that's provided the bedrock for the modern global economy.
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