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Douglas McWilliams: Shortages and inflation fears reminiscent of 1970s

By Douglas McWilliams © Shutterstock / F Armstrong Photo Will food shortages send inflation soaring, like in the 1970s? If shortages cause inflation to hit 10%, it might cost 4% of GDP (gross domestic product) to get it back down again. Some readers will remember the shortages of the early 1970s, and specifically 1973 and 1974. My parents were furnishing a newly built house overlooking the first fairway of the Muirfield golf course in December 1973, and I vividly remember them having to get the furniture made in Malaysia and then shipped to the UK to enable us to have it in time for Christmas. © PA Wire/Press Association Images

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On this day in 2006: Phil Mickelson wins his second Masters title in three years

April 9, 2021, 6:02 am Phil Mickelson’s 2006 Masters triumph was his second major win in a row and third overall (Peter Byrne/PA) Sign up for our daily newsletter featuring the top stories from The Press and Journal. Thank you for signing up to The Press and Journal newsletter. Something went wrong - please try again later. Sign Up On this day in 2006 Phil Mickelson won the Masters for the second time in three years as he finished two shots clear of nearest challenger Tim Clark at Augusta National. It was also a second successive major success for the Californian, then aged 35, following his US PGA Championship triumph the previous August.

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