If anything, the disinflation programme was a victim of its own success: inflation and interest rates fell so sharply last year that the economy boomed.That encouraged Turks to start splurging on imports, and investors began to worry that inflows of foreign capital might not be big enough to finance the deficits caused by spendthrift consumers and the perennially penurious government.
Things have come full circle since penurious sailors from the Far East first arrived two centuries ago.
The tried-and-tested development strategy is to move people from penurious farm jobs to more productive work with better pay.
As Mr Zapp says, the moan of penurious British academics is familiar.
Bonus point to the first newspaper story on this that uses the headline: "Caucus blocked?"11 48 : Mr Obama is now the third candidate tonight to cite penurious supporters scraping together a few humble dollars to send in to the campaign.11 47 : Econoblogger Brad DeLong describes your humble correspondents' efforts as "world-class snark".
If anything, the disinflation programme has been a victim of its own success: inflation and interest rates fell so sharply last year that the economy boomed.It was only when optimistic Turks started snapping up imports that investors began to doubt that foreign capital inflows would be sufficient to fund both spendthrift consumers and the perennially penurious government.
If anything, the disinflation programme has been a victim of its own success: inflation and interest rates fell so sharply last year that the economy boomed.That encouraged Turks to start splurging on imports, and investors began to worry that inflows of foreign capital might not be big enough to finance the deficits caused by spendthrift consumers and the perennially penurious government.
Similar derision greeted Israel's promised withdrawals earlier this month, which amounted to a few roads being opened in Gaza, and to PA policemen steering traffic in Bethlehem, but left both areas utterly sealed from other Palestinian territories, and still penurious in their economies.
But the prime minister has plunged back into the fight with singular ineptitude.A fortnight ago, when the Tories were taunting him over the failing health services, Mr Blair leapt to the defence of the penurious altruists who toil thanklessly in hospitals and schools.
He founded the Basle Chamber Orchestra in 1926, when he was a penurious 20-year-old, and with the aid of donations from friends almost immediately started commissioning pieces.
The secluded, penurious, hard, but idealistic, life of Arabia was vanishing.
