With organised football suspended in Zimbabwe due to the coronavirus pandemic, the country’s long-suffering footballers have once again turned to “money games” to make ends meet. On average, a club player earns 5,000 Zimbabwean dollars a month ($50 officially but $16 on the black market). The salary is less in the lower divisions. With no...Read More
One of the sharpest analysts in macroeconomics looks at how monetary and fiscal policy are likely to change in the coming years. Today’s guest is Lyn Alden. Lyn is the founder of Lyn Alden Investment Strategy and one of today’s best-known and most-respected macro analysts. In this conversation, she and NLW discuss: Anti-deflation vs. inflation...Read More
Few could have imagined the true costs of “data for a service,” driven in large part by a monopolistic economy for users’ information, as powerful internet giants and platforms have melded into our daily lives. The internet’s ubiquity has led to societal cracks, from users’ lower self-esteem to impacting elections, while data ownership and privacy...Read More
For more than 80 months at the helm of the auditor general’s office, Kimi Makwetu has been looking forward to watching his sons play cricket, visiting his home in Cofimvaba and taking a break from all the irregular, wasteful and fruitless expenditure. However, he knows it will only be for a short while, because his...Read More
A reading of “How to Diagnose Your Own Dutch Disease,” a look at the problems of America’s dollar trade. On this week’s Long Reads Sunday, NLW looks at recent statistics suggesting that, based on a comprehensive set of measures of well-being, U.S. citizens are worse off than they were a decade ago. One potential explanation...Read More
Most people would be happy to have World Wide Web creator Sir Tim Berners-Lee’s wealth, which is reportedly somewhere between $10 million and $60 million. Yet, Berners-Lee’s net worth pales into insignificance against that of Amazon founder Jeff Bezos, who last week became the first person ever to be worth more than $200 billion. There’s...Read More
J.P. Koning, a CoinDesk columnist, worked as an equity researcher at a Canadian brokerage firm and was a financial writer at a large Canadian bank. He runs the popular Moneyness blog. Cryptocurrency is still a new endeavor. People who use it aren’t too surprised when things go wrong. Ethereum Classic has suffered from three 51%...Read More
Frances Coppola, a CoinDesk columnist, is a freelance writer and speaker on banking, finance and economics. Her book “The Case for People’s Quantitative Easing” explains how modern money creation and quantitative easing work, and advocates “helicopter money” to help economies out of recession. The Federal Reserve has just announced a change to its inflation targeting...Read More
The public purse has taken a hammering under emergency measures put in place to deal with Covid-19. Unsurprisingly, not all the deals that have gone through government have had the best interests of citizens at heart. As expenditure details from the past few months are being released, the Mail & Guardian has raised concerns relating...Read More
Price Point Bitcoin traded slightly higher early Thursday at $11,772 after falling for two straight days. The largest cryptocurrency by market capitalization has declined 1.3% this week as the U.S. dollar strengthened in foreign exchange markets. The greenback gained support Wednesday as the Federal Reserve said it wasn’t immediately planning to implement a “yield curve...Read More
