8 Search results for "inflation"

Hungary is in revolt over a draconian overtime bill workers are calling a “slave law”
According to Jacobin, protests have erupted in Hungary against the recent passage of a law allowing employers to demand up to 400 hours of overtime work, with payment delayed for up to three years. Hungary’s far-right Prime Minister Viktor Orban pushed for the law aggressively, and has sparked massive protests that have not been seen […]
As Facebook is sued over inflated video metrics, shareholders call on Mark Zuckerberg to resign
Before the 2016 U.S. presidential election, Facebook announced it misled brands by overestimating the amount of time people spent viewing videos. On Tuesday, online marketing agency Crowd Siren filed an amended complaint against Facebook over its inflated video metrics and fraud.
White farmers raise alarms after South Africa begins redistributing land to Blacks
Last week, African National Congress (ANC) chairman Gwede Mantashe announced that South Africa’s white farming community could have it taken from them without compensation after some disputed the prices the government offered for the land. According to Express, now some experts are trying scare the government away from the plan by arguing it could lead […]
Venezuela cracks down on the press in the midst of national upheaval
To say Venezuela is in a state of upheaval and revolution is putting it mildly. Just days after Christmas, Venezuelans are facing a 2,400% inflation rate and severely depressed purchasing power, according to consulting firm Econometrica, which places Venezuelan buying power at one fifth what it was when Hugo Chavez began the country’s Socialist revolution […]
Zimbabwean coup takes power from the Mugabe family
Robert Mugabe and his family are “safe and secure” after a Zimbabwe coup early Wednesday, according to General Constantine Chiwenga. Those who are familiar with the African country’s politics such as Amherst College postdoctoral fellow Chipo Dendere, say that the term “secure” actually means that the Mugabe family are essentially under a kind of house arrest. […]
Hush Money
Former Microsoft CEO Steve Ballmer has more or less purchased the Los Angeles Clippers from the embattled Sterling family for $2 billion. That’s right $2 billion. American dollars. Here’s some context: Ballmer outbid competitors Oprah and co. by $4 million. Ballmer is “worth” $20 billion, so paying for the Clippers, I suppose, is some, weird, […]
Dillard U. President: Why Did Dr. Dre Donate $35 Million to USC, and Not a Black College?
Dr. Dre’s generous $35 million gift to USC made headlines across the country. But in a recent editorial, Dillard University president Walter M. Kimbrough posed an interesting question:Why didn’t Dr. Dre give that money to a black college?
Tales from a Black Filled Childhood: The Importance of a Mentor
Having a mentor is crucial. It was as important for my life as my grades in school, my extra curricular activities, and my exposure to the world at large. I believe these are all things that young people need to break cycles of oppression and poverty, however, without having someone to guide you in the […]