ECONOMICS

Commentary: Deflation a bigger danger than inflation
Fears that the flood of cash pouring into the global economy might touch off a destructive round of inflation are unfounded, writes Hans-Werner Sinn, a professor of economics and finance at the University of Munich. He says liquidity is expanding because the private sector is hoarding the money instead of spending it. Deflation is the larger threat, Sinn writes. Financial Week (02 Mar.)

Ukraine's problems pose threat to other economies
Ukraine's economy is on the verge of collapse, and its predicament is threatening the stability of other former Soviet republics and European economies. The country's residents are becoming increasingly angry with the government, with expectations rising that violent protests are imminent. International Herald Tribune (02 Mar.)

Report: U.K. to lose 140,000-plus manufacturing jobs in '09
Data from 800 U.K. companies point to the loss of more than 140,000 manufacturing jobs this year, according to a report from the Engineering Employers Federation. The group projected that manufacturing will drop 8.6% this year, the biggest decline since the 1980s. The Guardian (London) (02 Mar.)