As theChart of the Weekshows, when overall inflation is already high, like it is now, wages tendto increase by more in response to an oil price shock. This finding, basedon a study of 39 European countries, may reflect that people are morelikely to react to price increases when high inflation is visibly erodingliving standards.
The larger the second-round effects, the greater the risk of a sustainedwage-price spiral through a feedback loop between wages and prices. Iflarge and sustained, oil price shocks could fuel persistent rises ininflation and inflation expectations, which should be countered by amonetary policy response.
IMFBlog is a forum for the views of the International Monetary Fund (IMF) staff and officials on pressing economic and policy issues of the day.The IMF, based in Washington D.C., is an organization of 190 countries, working to foster global monetary cooperation and financial stability around the world.The views expressed are those of the author(s) and do not necessarily represent the views of the IMF and its Executive Board. Read More
In order to facilitate genetic manipulation of S. aureus it is necessary to be able to transform S. aureus with shuttle plasmids that have been constructed in E. coli. Strain 8325-4 (8325 cured of three prophages) was subjected to heavy chemical mutagenesis and then transformed by protoplast transformation with a shuttle plasmid isolated from E. coli in order to isolate a mutant that could accept foreign DNA (Kreiswirth et al., 1983). From these experiments a single transformant was obtained. The plasmid was eliminated and then the S. aureus clone shown to accept the E. coli isolated plasmid at a reasonable frequency. This strain, called RN4220, has been extensively used by staphylococcal researchers ever since. However, it only provides a gateway into a limited set of closely related strains, e.g., in our hands 8325-4 isolated plasmid cannot transform MRSA252 (CC30) and vice versa. Also we cannot transform S. epidermidis isolates tested (RP62a or AMC5) with RN4220 isolated plasmid (unpublished data). The genome sequence of RN4220 revealed a nonsense mutation in the hsdR gene of a type I RM system among the 110 single nucleotide polymorphisms by which it differs from the parental strain (Nair et al., 2011). It had been previously shown by Waldron and Lindsay (Waldron and Lindsay, 2006) that complementation of RN4220 mutant hsdR allele with wild-type hsdR expressed from a low copy number plasmid prevented transformation by electroporation with a shuttle plasmid isolated from E. coli K-12, inhibited transduction and reduced the frequency of conjugation of a plasmid from Enterococcus faecalis. However Veiga and Pinho (2009) were unable to confirm the role of HsdR as the barrier to uptake of foreign DNA when they deleted hsdR in 8325-4 and COL. Mild heat shock (56C for 2 min) prior to electroporation allowed transformation of 8325-4ΔhsdR but not the parental 8325-4. These results suggested that an additional heat-sensitive restriction system prevented transformation with plasmid DNA from E. coli K-12 (Veiga and Pinho, 2009). Interestingly, the majority of sequenced S. aureus isolates contain 2 sets of hsdMS genes located on the alpha and beta pathogenicity islands (Waldron and Lindsay, 2006), with hsdR located at a third site on the chromosome. This is in direct contrast to S. epidermidis and S. lugdunensis where the type I RM genes are clustered together (unpublished observation). In some MRSA strains, a third complete hsdMSR has also been identified in the staphylococcal cassette chromosome mec element (SCCmec) III, with hsdMR found in the SCCmec VII (Malachowa and DeLeo, 2010). The functionality of the modification and specificity genes in staphylococci has not been published. In S. aureus the sequences of the hsdM genes are highly conserved, while the two hsdS genes are divergent (Waldron and Lindsay, 2006). hsdS sequence variation is localized to the two target recognition domains (TRDs) within the gene, with hsdS gene content shown to be lineage specific, e.g., CC30 cluster together as do CC8 strains (Cockfield et al., 2007; Lindsay, 2010).
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Households that were more exposed to conflict had their consumption reduced by 32% on average when compared with households that were less exposed to conflict. Further analysis shows that a 10% increase in inflation increased the incidence of poverty by 3.5%. A large proportion of people in South Sudan that live just above the poverty line and are in danger of falling below it should they experience even a small shock. In states covered by the HFS, a modest 10% consumption shock would risk pushing about 160,000 people into poverty. Being able to analyze causes and effects more precisely in this way creates an opportunity for better-designed and better-targeted policy interventions.
In parallel to these broader efforts, there is significant scope for targeted interventions that are likely to generate large marginal benefits. Programs to improve food security can help avoid further deaths and reduce malnutrition and its often-lifelong impacts on children. Schools should be rebuilt, opened, and staffed, to mitigate the risk of an entire generation falling short of its productive potential. Opportunities for youth must be created to prevent idleness and relapses into violence. Public works programs could be combined with social safety nets to create opportunities and foster resilience against future shocks.
"When I didn't fail, everybody got pissed off! You dig it? I've not had a real job offer since I made 'Sweetback's.' So, I just went to Broadway and did very well in the theater. But it wasn't a surprise, it wasn't a shock. My feelings weren't hurt. This is what you expect. And hallelujah, that made it possible for someone else."
Figure 1. Distribution of titer of toxic shock syndrome toxin-1 (TSST-1) produced in 157 TSST-1-producing clinical isolates of Staphylococcus aureus cultured in (A) Todd Hewitt (TH) medium or (B) TH medium supplemented with horse serum. The titer of TSST-1 was determined by using the passive latex agglutination kit. The results of a single representative experiment carried out with three technical replicates are shown. Note that unimodal distribution of TSST-1 titers turned into bimodal distribution when the strains were cultured in the medium supplemented with horse serum.
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