Thursday, October 09, 2008
No, that’s not the amount of my own, personal bailout check from Uncle Sugar (pity); it’s the newly revised Zimbabwean inflation rate.
imbabwe’s annual inflation rate - already the world’s highest - has soared to 231,000,000%, newly released official figures for July show.
The rise - from 11,200,000% last month - was largely due to increases in the prices of bread and cereals.
A landmark power-sharing deal between President Robert Mugabe and opposition leader Morgan Tsvangirai has failed to ease the country’s economic crisis.
I’ve been so involved in watching our own nation’s political scrum that I’ve neglected to write about the situation in Zimbabwe. I’ll try to rectify that in the near future with a piece that I’ve had in my head for a number of weeks about why we can’t expect Zimbabwe’s power-sharing deal to work--and why if it does work, we should worry for the MDC.
There ain’t no justice for Zimbabwe, is there?
For now, though, read the story.