FLEA DEVE APARECER NA SÉRIE OBI-WAN-KENOBI | DROPS da Pan – 09/05/22

The recent recession from which some countries are slowly recovering has focussed attention on the problem of growing inequality. During a period in which most people suffered a loss of income followed by a slow recovery, the senior executives of major banks and corporations, not to mention the burgeoning ranks of oligarchs, enjoyed steadily rising monetary rewards. It appears that the rich continue to grow richer, whatever the state of the economy, and the cost of a recession is borne by the less affluent majority. As a result, disparity of income has reached unprecedented levels, and people are beginning to seek ways to reverse the trend.

IN A fictitious village in Africa lives a farming family very representative of many farming families in poverty stricken regions in the world. Jamu is a pre-teen girl who is hungry, typically sick with fever, and unable to read or write. She would love an education, but must stay at home to help her mother who has to walk two kilometres twice daily to draw water.

After four nationalized TV debates the cast of Republican contenders continue to show a resolute in self embellishment on how they and they alone are the next great savior of our nation. But, it was in this latest show of showmanship by all that underscored the embodiment of failing to grasp just how fragile our economy really is. An economy that is so fragile it is right on the verge of falling into an abyss where there is no return.

In watching the 2016 State of the Union Speech and legacy optimism speech by Barack Obama, I had to think what kind of Kool-Aid is this gentleman drinking? There is instability everywhere. The US may very well have entered a recession in the 4th quarter of 2015, and if not it seems to be headed there in the first quarter of 2016. We see China, which has painted itself into an economic corner is now experiencing the consequences of their many mismanagement mistakes over the years. Oil prices are crashing, some now predict they could go to $16-20 per barrel before they recover – nations will economically implode at continued low oil prices (as of writing this article today, crude oil dipped under $30 per barrel – 2003 prices).

China pulled the plug on its stock market circuit breakers. That is probably a good thing.