Zimbabwe's hyperinflation has become so extreme that the treasury there is set to print 100 trillion, 50 trillion, 20 trillion and 10 trillion notes. 100 trillion Zimbabwean dollars are worth about US$300. Wait. Now it's US$290. Quick, spend it, while there's still time.
Even vegetable vendors prefer the U.S. dollar, South African rand or Botswanan pula, and most workers now demand their salaries in foreign currency. Doctors and nurses have been on strike since last September, demanding salaries in U.S. dollars. The strike coincided with a cholera epidemic that now has claimed more than 2,000 lives.
Zimbabwe to print first $100 trillion note
Last week, the state media reported that most teachers had left their jobs. As a result, the end-of-year examinations taken in November are yet to be graded after the markers demanded their wages in foreign currency. Schools are yet to re-open this year awaiting the examination results
Pete from Doctors Without Borders writes, “Medecins Sans Frontieres/Doctors Without Borders have today launched MapSwipe, an app that enables anyone with a smartphone to map the most vulnerable communities in the world. Geo-data is vital for aid agencies responding to emergencies such as disease outbreaks and natural disasters and MapSwipe now gives everybody the ability […]
Francis Gurry, the fair-use hating, web-hating, North Korea embargo-breaking, witch-hunting, blackmailing head of the UN’s World Intellectual Property Organisation (WIPO) has a new pick to run copyright at the UN agency: Sylvie Forbin, a lobbyist for for French entertainment giant Vivendi.
Gus Van Harten is a law professor at York University’s Osgoode Hall and a well-respected expert on trade law; he’s published a damning report on the Trans Pacific Partnership deal.
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