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Tuesday, September 18, 2007

Celebrating the Smaller Failures

Of course, you may as well celebrate the small failures when the really really big ones have been piling up for years.

Zimbabwe’s annual inflation rate slowed in August to 6,592.8% from July’s record of 7,634.8%, according to the Central Statistical Office (CSO).
The slowdown came in the midst of a price-control programme imposed by President Robert Mugabe in June.

Businesses were ordered to cut or freeze prices for items such as bread and milk.

But critics say the measures have just deepened the chronic food shortages suffered by Zimbabweans.

I certainly hope nobody actually takes this as good news, though.

Read the rest.

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