Wednesday, May 28, 2008

REAL WORLD INFLATION

Dow Chemical blames Washington for price hikesWednesday May 28, 10:52 am ET

Dow Chemical to raise prices up to 20 percent, blasts Washington for 'true energy crisis'

MIDLAND, Mich. (AP) -- Dow Chemical Co. will raise product prices by up to 20 percent almost immediately to offset the soaring cost of energy and raw materials, and the CEO of the chemical giant lashed out Washington on Wednesday for failing to develop a sound energy policy.

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