He has also expressed his deep concern over rising inequality in India despite the economic boom.
The country is deep in recession, with unemployment rising above 20%.
After all, what destroyed the Nifty Fifty in 1973-74 was not lofty multiples but a combination of rising inflation and the deep recession that collapsed earnings.
The Suwannee River surged more than 25 feet in a day, rising from 55 feet deep at White Springs, west of Jacksonville, on Monday to nearly 81 feet on Tuesday afternoon.
Such a crisis could occur if there were deep and lasting drops in exports and rising input costs.
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He says Congress still needs to tackle other challenges, such as falling home values, rising unemployment, and a deep dependence on imported oil.
Over the past two years, older Americans have paid more for utilities and food, experienced a decline in housing values, tried to recover from deep retirement account losses, struggled with rising health and prescription drug costs, and faced longer periods of unemployment for those who need to work.
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Almeida somehow missed the target after rising to meet Simao's inviting deep cross, while Tiago wasted another good opening when he nodded wide from Fabio Coentrao's driven centre.
The positive growth should be driven by rising demand for liquid natural gas and growth in deep water exploration and production.
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People were trapped in their cars and homes by the rising floodwaters, which reached up to 6ft (2m) deep in places.
Reynolds digs deep into the underlying data to show that what has been reported as rising inequality involves primarily changing demographics that reflect changing patterns of work and productive output, as well as misunderstood changes in the meaning and composition of the numbers being reported themselves.
Rising star Golding lost the first set to the ninth seed but dug deep to claim a 4-6 6-4 6-4 victory on Court 12.
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