Second, deflation has not been a terrible disaster.

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One was a terrible natural disaster last December's Indian Ocean tsunami, which killed more than 31, 000 Sri Lankans, affected two-thirds of the island's coastline and displaced nearly half a million people.

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Once again, a terrible natural disaster strikes, and Americans from the Carolinas to New England are doing their best to sort through the wreckage and get their lives back to normal.

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It was the making of a career disaster, and a terrible analogy.

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"It wouldn't be appropriate to have a festive occasion while a near-tragedy or a terrible challenge is presented in the form of a national disaster, " he told Fox News.

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The nation has had revolving-door governments--another election may come in November--and a cynical population has responded to the Fukushima disaster that followed the terrible earthquake and tsunami with a blanket wish to shutter the nuclear industry.

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The nation has had revolving-door governments another election may come in November and a cynical population has responded to the Fukushima disaster that followed the terrible earthquake and tsunami with a blanket wish to shutter the nuclear industry.

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But it would be a truly appalling thing if the psychology of coincidence played a part in a re-run of the Wall Street Crash, the most terrible market disaster in history.

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It seems cynical to encourage people to travel, says Stefanie Rother, a spokeswoman at TUI, before adding that it would be terrible if an economic disaster followed the flood.

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