Latest Blog Roll

The Government-Created Subprime Crisis

Wednesday, September 24, 2008 

By Leon Louw

LeonFor nearly a century, the supposed citadel of capitalism, America, harboured a dark socialist secret. The US government created Fannie Mae, Freddie Mac and other GSEs with the sole purpose of flooding housing markets with subprime (low-return, high-risk) credit. GSEs are 'Government Sponsored Enterprises'. That they extended credit recklessly on an unimaginable scale is a consequence not a cause of the subprime problem.

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Expired Food in Uganda; Thanks to Asian Supermarkets

Tuesday, September 23, 2008  

Asian SupermarketIn the wake of the Chinese food scare, African countries appear to be urging extra vigilance in the quality of products they purchase from Asia.  But as this Ugandan experience shows, marketing fake and expired products is becoming the hall mark of Asian supermarkets in the country.

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Costly Political Maneuvers in South Africa

Tuesday, September 23, 2008 

Jacob Zuma (L) Thabo Mbeki(R)The rumpus between the maverick Jacob Zuma and the conscientious Thabo Mbeki have never been this bitter. It is certainly bitter sweet for Jacob Zuma who got pushed earlier for being too sleazy in dealing with business men.

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Rwanda: Affirmative Action in Full Swing

Monday, September 22, 2008  

RwandaAfrican media was replete with news of  Women gaining political recognition in the recent parliamentary elections in Rwanda.
We picked up a few insights.

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Will Swazi Elections be Free and Fair?

Monday, September 22, 2008 

King MswatiThat is a difficult question to answer in one of the world's last existing monarchies which has been characterized by profligate spending by its head, King Mswati especially on his numerous wives.   The King has been blamed for the country's poverty and worrying lack of concern for HIV/AIDS epidemic in his country.

The polls are a response to citizen's pressure for an open society. However, all they got for now are Parliamentary representation not based on partisan interests. So, no multi partyism, but certainly the new constitution guarantees freedom of association.

 We can only wish for a fair outcome even as international observers will be monitoring the polls.