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☆ South Africa has failed its Black majority. Nelson Mandela’s political heirs may pay the price
▼ + stars: | 2024-05-27 | by ( Hanna Ziady | ) edition.cnn.com time to read: +12 min

When South Africans vote Wednesday, an unhappy combination of rampant corruption, soaring joblessness, crippling power cuts and feeble economic growth will likely be top of mind. Black South Africans, who make up 81% of the population, are at the sharp end of this dire situation. ‘Elite enrichment’Under apartheid — and colonial rule before that — Black South Africans were violently oppressed and denied many basic human rights. Millions of South Africans still live in such informal settlements. “The poster child of this is the electricity sector.”For much of last year, South Africans were without power for at least some portion of the day.

Persons: ”, Nelson Mandela’s, —, Cyril Ramaphosa, Leon Sadiki, BEE, Moeletsi Mbeki, Thabo Mbeki, White, “, Tshediso Matona, Anders Pettersson, Black, …, Kganki Matabane, Matthew Parks, Matona, Mbeki, Ricardo Hausmann, Jacob Zuma, Haroon Bhorat, Michele Spatari, ” Bhorat, hasn’t, ANC “, Zuma, Ramaphosa, Cas Coovadia, Hausmann Organizations: Johannesburg CNN, National Congress, ANC, World Bank, Oxford Economics, Harvard University, Democratic Alliance, Bloomberg, Getty, South African Institute of International Affairs, Wits University, CNN, ”, BBEE, Black Business Council, South African Trade Unions, Harvard’s, University of Cape, South Africa’s Free, International Monetary Fund, Fitch, IMF, JPMorgan, Shell, Unilever, Business, Business Unity, Harvard Growth Locations: London, Johannesburg, Sudan, Africa, Alexandra, South Africa, Leon, Isipingo, KwaZulu, Natal, South, ”, University of Cape Town, loadshedding, Namahadi, Frankfort, Business Unity South Africa

Travis Kelce is already making moves in Hollywood. The Super Bowl champ has his first executive producer credit on a new film that will have its world premiere in March at the South by Southwest Film Festival in Austin, Texas. “My Dead Friend Zoe” is described as a darkly comedic drama about a U.S. Army veteran, the dead best friend she can’t let go and her estranged grandfather. The film stars Ed Harris, Sonequa Martin-Green and Natalie Morales, who are all credited as executive producers alongside Kelce. Directed and co-written by Kyle Hausmann-Stokes, “My Dead Friend Zoe” will debut on March 9 at the festival.

Persons: Travis Kelce, Zoe ”, can’t, Ed Harris, Sonequa Martin, Green, Natalie Morales, Kyle Hausmann, Stokes, “, Kelce, Taylor Swift, he’s, ” Organizations: Super, Southwest Film, U.S . Army, Kelce, Los Angeles Times Locations: Hollywood, Austin , Texas

☆ Opinion | What Can Replace China as a Global Economic Engine?
▼ + stars: | 2023-08-23 | by ( David Wallace-Wells | ) www.nytimes.com time to read: +4 min

To an extent that few Americans genuinely appreciate, global growth has been powered by the so-called Chinese miracle for almost half a century now. grew by 30 percent and China’s by 263 percent — China accounted for more than 40 percent of all global growth. If you excluded China from the data, global G.D.P. In 1992, China’s G.D.P. Quite likely not somewhere great, even if the world’s great powers manage to avoid direct conflict.

Persons: —, China’s, David Oks, Henry Williams, Ricardo Hausmann, Tim Sahay, Narendra Modi Organizations: World Bank, Harvard Kennedy School Locations: China, Asia, United States, India

☆ Sanctions Against Russia Could Be Better, These Harvard Economists Say
▼ + stars: | 2023-04-22 | by ( Paul Hannon | ) www.wsj.com time to read: 1 min

Ricardo Hausmann, a former Venezuelan official, leads a group of Harvard economists proposing ways to further degrade Russia’s economy. Photo: Christopher Goodney/Bloomberg NewsIn response to Russia’s invasion of Ukraine, Western nations have targeted Moscow with the biggest coordinated package of economic restrictions ever levied against a major economy, including sanctions, export controls, asset freezes and energy price caps. Many of those measures, though, have proven less costly so far to Russia than some economists had expected and many officials in Washington and Brussels had hoped. Some Russian officials, meanwhile, had braced for more economic damage from the sanctions barrage by now.

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