The theme running through these properties is low to moderate price-earnings ratios, impeccable balance sheet strength, high free cash flow generation and the capacity to indulge in financial engineering in the form of share buybacks, dividends and deal activity.

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That device is expected to be an HTC 4.3-inch smartphone called the HTC First that bears a passing resemblance to the iPhone, comes in multiple colors, and packs in the usual mid-range specs at moderate price.

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Price action is expected to moderate around mid-year, and should grow 6% to 7% in 2013.

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The Fed survey reported only moderate wage and price increases, with the exception of health-care and energy costs.

ECONOMIST: Overview

At the same time, overall consumer price inflation should moderate from its recent rates, and the public's longer-term inflation expectations should remain reasonably well anchored.

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But you say that even a moderate carbon tax would not make nuclear power competitive, noting that the price of permits in Europe's emissions-trading scheme implies a social cost of carbon dioxide of euro20 per tonne.

ECONOMIST: Farming the land