‘It is absolutely impossible to stabilise a banking system which has been built, designed almost, to be unstable.’

‘It is absolutely impossible to stabilise a banking system which has been built, designed almost, to be unstable.’
In South Africa, a hairdresser’s assistant supports many family members including her elderly mom and drug addict son.
Odinga has called for indefinite twice-weekly protests, citing high living costs and electoral malpractice in 2022 vote.
The US Federal Reserve raised interest rates again to rein in inflation, despite the turmoil in the financial sector.
Cheaper meat and leftovers for iftar. No new clothes for children. Yet the crisis could bring Muslim communities closer.
In Croatia, a pensioner lives frugally to cope with rising costs – but still buys extra bread to feed the birds.
The country’s inflation has not surpassed 100 percent in over three decades, as value of Argentina’s currency plummets.
The bank failed after depositors – mostly technology workers and venture capital-backed companies – created a run on it.
How one Bosnian man and his family got through a tragic accident, the COVID pandemic and inflation.
US Fed chief says that while higher and faster rate hikes are possible, it hinges on upcoming jobs and inflation data.
Even as layoffs rose in January and job cuts were higher than initially thought in 2022, job market remains strong.
Stronger-than-expected economic data indicates Fed may need to do more large rate hikes to temper inflation, he said.
The services sector is now at the center of the fight against inflation as services prices tend to be stickier.
Labour market resilience & stubbornly high inflation have increased odds the Fed will continue to raise interest rates.