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MOSCOW (AFP) – A planned peace conference in Geneva to end the conflict in Syria will be put off for a long time “if not forever” if the U.S. goes ahead with military action against the Damascus regime, Russian Foreign Minister Sergei Lavrov warned Monday.

“If the action announced by the U.S. President (Barack Obama) — to the great regret of all of us — does in fact take place… it will put off the chances of [holding] this conference for a long time, if not forever”, Lavrov said at a news conference with his South African counterpart.

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For a long time, inflation has been the phantom of the American economy: often expected but never seen. But the latest Consumer Price Index, which showed that prices rose by five percent from May of last year to May of this year, raises fears that it is breaking down the front door and taking over the guest room.

The price jump was the biggest one-month increase since 2008. It appears to support the warning of former Treasury Secretary Larry Summers, who wrote in February that President Joe Biden's budget binge could "set off inflationary pressures of a kind we have not seen in a generation." Senate Republican leader Mitch McConnell charged last month that the administration has already produced "raging inflation."

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