The rate of inflation in Zimbabwe jumped to just over 11,250,000% in June, official figures show. “It gained 9,035,045.5 percentage points from the May rate of 2,233,713.4%,” said state media quoting the Central Statistical Office (CSO). However, experts believe the actual rate of inflation may be much higher.
Zimbabwe is in the midst of a dire economic crisis with unemployment at almost 80%, most manufacturing at a halt and basic foods in short supply.
High money supplies have also been fuelling hyperinflation. Critics have accused Africa’s caricature dictator Robert Mugabe’s government of printing money to finance his election campaign and prop up the economy. Month-on-month inflation in the country accelerated to 839.3% from 433.4%.
Mugabe must go soon, today …yesterday!
NATO foreign ministers have said there will be “no business as usual” with Russia, as they urged Moscow to pull its troops out of Georgia immediately. The declaration followed emergency talks in Brussels about the conflict with Georgia over its breakaway region of South Ossetia.
Some Russian troops have been seen leaving the Georgian town of Gori. But Georgia’s interior ministry dismissed the move as a “show aimed at creating the illusion of a withdrawal”.
Are they serious or they are joking? How do they mean this …no business as usual? What was ever …usual in the relationship between NATO and Russia?
Musharraf’s end game The first one has gone and it was about time. Pakistan’s dictator Pervez Musharraf resigned under the pressure of facing charges. Obviously he proved to have a bit of brain and just like Pinochet a few years ago he chose to leave power graciously.
The Anger, the Longing, the Hope
One of the wisest pronouncements I have heard in my life was that of an Egyptian general, a few days after Anwar Sadat’s historic visit to Jerusalem.
Photography By Mari Hokkanen
Mari Hokkanen (b. 1979) is a fantastic young Finnish female photographer: talented, original and technically skilled. Mari appreciates nostalgic places or environments where she feels she can start telling a story.
South Ossetia: The Guns of August
As the eyes of much of the world was focused on the start of the Olympic Games in Beijing on 8/8/08, Georgian troops moved into the province of South Ossetia to restore Georgian control.