Both CBS and NBC turned global. NBC's Anne Thompson was the only correspondent to file on the DoE's International Energy Outlook. She quoted national security planners on the upshot of all that extra carbon in the atmosphere--"increased immigration pressures, as rising sea levels, famine and drought create environmental refugees" and a harm to military readiness if the United States "must respond to humanitarian crisis in Africa and Asia created by a lack of adequate food and water." On CBS, Nancy Cordes followed up on the Federal Reserve Board's decision to stop lowering short term interest rates for fear of pumping too much inflationary money into the economy. "The Fed is banking on a slowing economy to force prices back down," Cordes explained, yet prices are rising in China and Europe and Japan too so "an historic wave of inflation powered by pricey oil" may nullify the central bank's domestic strategy.
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