Unemployment
Elon Musk, Cathie Wood sound ‘deflation’ alarm — Is Bitcoin at risk of falling below $14K?
Bitcoin (BTC) has rebounded by 20% to almost $22,500 since Sept. 7. But bull trap risks abound in the long run as Elon Musk and Cathie Wood sound an alarm over a potential deflation crisis. Cathie Wood: “Deflation in the pipeline” The Tesla CEO tweeted over the weekend that a major Federal Reserve interest rate hike could increase the possibility of deflation. In other words, Musk suggests that the demand for goods and services will fall in the United States against rising unemployment. A major Fed rate hike risks deflation — Elon Musk (@elonmusk) September 9, 2022 Typically, rate hikes have been bad for Bitcoin this year. In context, the period of the Fed raising its benchmark rates from near zero in March 2022 to 2.25%–2.50% in August 2022 has coincided wi...
IBM to Launch Massive Digital Upskilling Drive in SA
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3 Distinct Industries that are Kick-Starting Job Creation in South Africa
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Connectivity in South Africa – 5 Numbers You Need to Know
Throughout the COVID-19 pandemic, people have been even more reliant on their Internet connections to stay in touch, educated, entertained, and productive. Although the effects of the pandemic have been and continue to be devastating, we can only imagine what life would have looked like if this had happened in 1990, when the Internet was in its nascency. From the ‘90s to now, connectivity and the global digital transformation have accelerated innovation and productivity, but those who still don’t have access to high-speed Internet risk being left out of this new digital world. Unemployment, poverty, and inequality remain among South Africa’s biggest challenges, and narrowing the digital divide could help through job creation, skills development, and access to digital innovations. Let’s loo...
June 12: MKO Abiola represented hope, liberty – Gani Adams
File Photo Aare Ona Kakanfo of Yoruba land, Chief Gani Adams, has said that the late Chief MKO Abiola represented hope, liberty and freedom during his lifetime. Adams stated this at the commemoration of the annulled June 12, 1993 presidential election by Oodua People’s Congress (OPC) on Saturday in Lagos. According to him, Nigeria’s democracy is still not in tune with the ideals, which Abiola, winner of the election, lived and died for. He said that the democratic ideals of the late business mogul enabled him to win the presidential election, even in the North where his main opponent, Alhaji Bashir Tofa, came from. Adams, who decried what he called disunity, rivalry and senseless killings, said that these challenges had had adverse effect on the nation’s democracy. He said: “This present d...
Governor Makinde: We have tackled poverty, unemployment in Oyo
Oyo State governor, Seyi Makinde, has said his administration had made steady progress in tackling poverty and unemployment in the last two years. The governor, who stated this during a special thanksgiving service to commemorate his second year in office, held at the Cathedral of St. Peter, Aremo, Ibadan, also promised to provide more equipment for security agencies. He said his administration will do more in the area of security where it has already invested heavily, adding that all hands must be on deck to secure the state. The governor explained that 299 primary health care centres were being remodeled by the administration, in line with its determination to ensure that there is a functional primary health care centre in each of the 351 Electoral Wards in the state. He lauded clerics a...
Anambra election: PDP aspirant urges delegates to shun monetary inducement
Dr Godwin Maduka, a major contender for the gubernatorial ticket of the Peoples Democratic Party (PDP) in the Nov. 6 election in Anambra has urged party delegates to shun financial inducement. Maduka, America-based medical practitioner-cum politician, made the call while addressing journalists on Sunday in Awka on the need for party delegates to cast their votes without fear or coercion. He advised delegates to shun monetary inducement and develop boldness to vote for a candidate who has the capacity to develop the state.a He said though he has enough money to buy delegates at any cost but saw an act as undemocratic and should be discouraged for the people to get a sound polity. “Our delegates should be political active and not be passive any more in affairs that concerns their generation ...
Nigerian government determined to eradicate poverty, unemployment – minister
The federal government has reiterated its determination to eradicate poverty as well as tackling unemployment in the country to the barest minimum, saying its many programmes designed to tackle the issues have had tremendous success. The government said the alarming rate of out-of-school children witnessed some years ago had considerably reduced due mainly to some of its initiatives, among which it said, was the National Home Grown School Feeding Programme. The government’s position came as it inaugurated an expanded committee on National Home Grown School Feeding Programme with a task on members to make meaningful contributions to stamp the problems out of the country. Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, speaking at the event i...
Ogun governor suspends aide arrested for ‘fraud’ in US
The governor of Ogun State, Dapo Abiodun, has suspended his aide, Abidemi Rufai, who was arrested in the United States for an alleged $350,000 (about N140 million) COVID-19 unemployment fraud. Kunle Somorin, Abiodun’s chief press secretary, confirmed the suspension to newsmen on Tuesday. This was also confirmed to newsmen by the chief press secretary to Abiodun, Kunle Somorin. “Our position is that the law should take its course,” Somorin said in a WhatsApp interview. “Meanwhile, the governor has ordered his immediate suspension from office to answer charges against him.” Sources within the government told newsmen that the governor took the action immediately he was briefed about Rufai’s arrest. This newspaper earlier reported that Rufai, Senior Special Assistant to Abiodun, was arrested l...
Anambra guber: I’m not President Buhari’s anointed aspirant – Dozie Madu
An All Progressives Congress (APC) aspirant for the forthcoming Anambra State governorship election, Hon Dozie Madu, has dismissed speculations that he has been anointed by President Muhammadu Buhari. Speaking after picking the declaration of interest and nomination form at the APC National Secretariat in Abuja on Monday, he said that he is comfortable with any mode of primaries approved by the party’s national leadership. Asked to substantiate the claims that he is anointed by the President, he said: ‘I don’t understand what you mean. How can the President give a governorship aspirant a ticket? It is the people, I disagree with you, it is false. If you look at my dossier, you should know that I can’t involve myself in this kind of thing.’ On how he can do better compared to other former g...
President Buhari lauds NDLEA’s performance, pledges to enhance operational capabilities
President Muhammadu Buhari has hailed the performance of the National Drug Law Enforcement Agency (NDLEA) especially the recent overhaul of its operations leading to the arrest of drug peddlers at the airports and other parts of the country. He has therefore pledged his administration’s readiness to further enhance the capabilities and potentials of the Agency whose Chairman, Brigadier-General Mohammed Buba Marwa (rtd) was appointed in January. The National Security Adviser (NSA), Major General Babagana Monguno (rtd), told newsmen that the President applauded the activities of the NDLEA at the Tuesday’s security meeting which he presided over. Monguno stated that he was able to brief the National Council of Security (NSC) meeting on the enablers of crime one of which is drug and the need t...
