home | rich profile | rich freebies | rich tools | rich data | online shop | my account | register |
  rich wrap-ups | **richLIVE** | richPodcasts | richRadio | richTV  | richInterviews  | richCNBC  | 
Satchu's Rich Wrap-Up
Friday 24th of July 2020

The Hollow Men Mistah Kurtz — he dead A penny for the Old Guy

Between the desire And the spasm 

Between the potency And the existence 

Between the essence And the descent

Falls the Shadow

For Thine is the Kingdom

read more

Epic of Gilgamesh was translated from its original cuneiform, Together, we can translate from a tablet written just under 4,000 years ago. @protosemite

Before we begin, a couple things to note: cuneiform is a writing system composesd of "signs" representing both syllables and words, and each sign can often have many different, often confusing, possible readings. 

ḫarīmtum pīša īpušam-ma

izzakaram ana Enkidu

anaṭṭalka Enkidu kīma ilim tabašši

ammīnim itti namaštê 

tattanallak ṣēram

the prostitute opened her mouth, and

declared to Enkidu:

'Gazing upon you, Enkidu, you are like a god,

Why, with beasts, 

Are you wandering around the wild

read more

(Gilgamesh to Enkidu, Tablet III of the Old-Babylonian version)

"Who is there, my friend, can climb to the sky? 

Only the gods dwell forever in sunlight. 

As for man, his days are numbered, 

whatever he may do, it is but wind."

(Gilgamesh to Enkidu, Tablet III of the Old-Babylonian version)

read more

How to Read "Gilgamesh" @NewYorker

A carnelian tree was in fruit,

hung with bunches of grapes, lovely to look on.

A lapis lazuli tree bore foliage,

in full fruit and gorgeous to gaze on.

To me, this is the most dazzling passage in the poem: the engulfing darkness, in which Gilgamesh can see nothing for hours—he is just an organism, in a hole—and then, suddenly, light, color, beautiful globes of purple and red hanging from the trees. God’s world, made for us, or so we thought.

Gilgamesh does not linger in the garden. He at last finds Uta-napishti, the man who gazed on death and survived. Gilgamesh wants to know, How did you do this? Unhelpfully, Uta-napishti explains:

“No one at all sees Death,

no one at all sees the face [of Death,]

no one at all [hears] the voice of Death,

Death so savage, who hacks men down. . . .

Ever the river has risen and brought us the flood,

the mayfly floating on the water.

On the face of the sun its countenance gazes,

then all of a sudden nothing is there!”

read more

China orders U.S. to shut consulate in city of Chengdu @Reuters
Law & Politics

“The Ministry of Foreign Affairs of China informed the U.S. Embassy in China of its decision to withdraw its consent for the establishment and operation of the U.S. Consulate General in Chengdu,” it said in a statement.

“The Ministry also made specific requirements on the ceasing of all operations and events by the Consulate General,” it said.

read more

@SecPompeo to Urge Chinese People to Change Communist Party @WSJ
Law & Politics

Secretary of State Mike Pompeo is calling on the Chinese people to alter the ruling Communist Party’s direction in a sharp-toned speech explaining the Trump administration’s full-throttled response to an assertive China.

According to a draft of the speech, to be delivered Thursday afternoon, Mr. Pompeo says Chinese leader Xi Jinping is “true believer in a bankrupt totalitarian ideology.” 

Mr. Pompeo stops shy of explicitly calling for regime change, urging allied countries and the people of China to work with the U.S. to change the Communist Party’s behavior.

The Communist Party “fears the Chinese people’s honest opinions more than any foreign foe,” Mr. Pompeo plans to say in the speech at the Richard Nixon Presidential Library and Museum. 

The U.S. “must also engage and empower the Chinese people,” Mr. Pompeo says, according to the draft.

The speech, called “Communist China and the Free World’s Future,” caps a series of addresses by senior officials in recent weeks focusing on what the Trump administration sees as the challenge posed by China and its expanding global reach. 

The uncompromising rhetoric has been accompanied by an uptick in administration pressure on Beijing—from sanctions to military exercises and indictments—as relations between the countries spiral downward to the lowest point in decades.

read more

But this is something much harsher than realism. This is intergalactic Darwinism. @bopinion @nfergus
Law & Politics


"The Dark Forest," which continues the story of the invasion of Earth by the ruthless and technologically superior Trisolarans, introduces Liu’s three axioms of “cosmic sociology.”

First, “Survival is the primary need of civilization.” Second, “Civilization continuously grows and expands, but the total matter in the universe remains constant.” Third, “chains of suspicion” and the risk of a “technological explosion” in another civilization mean that in space there can only be the law of the jungle. In the words of the book’s hero, Luo Ji:

The universe is a dark forest. Every civilization is an armed hunter stalking through the trees like a ghost ... trying to tread without sound ... The hunter has to be careful, because everywhere in the forest are stealthy hunters like him. If he finds other life — another hunter, an angel or a demon, a delicate infant or a tottering old man, a fairy or a demigod — there’s only one thing he can do: open fire and eliminate them. In this forest, hell is other people ... any life that exposes its own existence will be swiftly wiped out.
Kissinger is often thought of (in my view, wrongly) as the supreme American exponent of Realpolitik. But this is something much harsher than realism. This is intergalactic Darwinism.


read more

07-OCT-2019 :: China turns 70

They have “stood up.” Xi’s model is one of technocratic authoritarianism and a recent addition to his book shelf include The Master Algorithm by Pedro Domingos. Xi is building an Algorithmic Society.

The World in the 21st century exhibits viral, wildfire and exponential characteristics and feedback loops which only become obvious in hindsight. 

read more

Putin plans to make the West destroy itself @spectator
Law & Politics

Instead Russia appears as a phantom, unknowable menace, and this will spawn a thousand conspiracy theories far more corrosive and confusing to our politics than any Moscow--generated Twitter-storm or document leak.

There’s no smoking gun on Brexit. Yet the government-induced delay in publication allows anyone that way inclined to imagine a cover-up. 

Even the insistence that the state should do more to prevent Russian meddling plays into Putin’s hands. 

The fear of Russian interference in British elections creates chaos and division — and this, rather than any particular result, is Putin’s real goal.

One Facebook page that the group operated, Blacktivist, racked up 11.2 million user engagements and more than 360,000 likes by September 2017 — compared with the 301,000 likes of the verified Black Lives Matter Facebook account.

Russian trolls are equal-opportunity provocateurs. Between 2014 and 2017 the Internet Research Agency, a troll farm based in St Petersburg funded by close Putin ally Yevgeny Prigozhin, ran thousands of Twitter, Facebook, Instagram and YouTube accounts propagating both pro-black and pro--Southern culture themes in the US — as well as pro-Scottish independence and Brexit--related tweets and posts. 

A detailed 2018 study by the University of Washington found that Russian-controlled Twitter accounts that mentioned the hashtag #BlackLivesMatter were disseminating not only pro-BLM messages but also ironic anti-BLM memes such as ‘What is this world coming to when you can’t aim a gun at some cops without them shooting you? #BlackLivesMatter’. 

And just in case that wasn’t cynical enough, Russian trolls even sought to discredit BLM by promoting the message that ‘#BlackLivesMatter is an arm of the Russian government’.

‘To put it simply… Russia wants to watch us tear ourselves apart.’It’s no surprise that Russia is so good at influence operations in the West given how long it’s been doing them. 
The Soviets covertly channelled funds to the Campaign for Nuclear Disarmament and to the National Union of Mineworkers during the 1984 strike

And though FBI director J. Edgar Hoover’s suspicions that Martin Luther King was receiving Russian funds were unfounded, Soviet propagandists used American racism to discredit Washington’s claim to moral leadership during the Cold War. 

Whenever the USSR was criticised for its human rights abuses, the standard official rebuttal ‘and you lynch Negroes’ was so proverbial that it became shorthand for Soviet whataboutism.

Today, Russian propagandists no longer have to recruit useful idiots to further their cause. They can simply speak directly to millions through social media

And their task is easier than for earlier generations of influencers, because instead of spreading the message of communism, the modern Russian trolls’ aim is a simple reversal of St Francis of Assisi’s prayer: to bring discord in place of harmony, error instead of truth, and despair where there is hope.

read more

22-JUN-2020 :: Whoever Controls The Narrative Controls The World
World Of Finance

I thought to myself This all has the Imprimatur of the "political technologist of all of Rus." And non linear War Specialist Vladislav Surkov.

Putin's system was also ripe for export, Mr Surkov added. Foreign governments were already paying close attention, since the Russian "political algorithm" had long predicted the volatility now seen in western democracies.

With a flourish he sponsored lavish arts festivals for the most provocative modern artists in Moscow, then supported Orthodox fundamentalists, dressed all in black and carrying crosses, who in turn attacked the modern-art exhibitions. @TheAtlantic

"It was the first non-linear war," writes Surkov in a new short story, "Without Sky," published under his pseudonym and set in a dystopian future after the "fifth world war":

"My portfolio at the @KremlinRussia_E and in government has included ideology, media, political parties, religion, modernization, innovation, foreign relations, and ..." - here he pauses and smiles - "modern art."

A ceaseless shape-shifting that is unstoppable because it is undefinable Adam Curtis

read more

05-DEC-2016:: "We have a deviate, Tomahawk." "We copy. There's a voice." "We have gross oscillation here"
Law & Politics

One common theme is a parabolic Putin rebound. 

At this moment, President Putin has Fortress Europe surrounded. The intellectual father of the new Zeitgeist that propelled Brexit, Le Pen, the Five Star movement in Italy, Gert Wilders in the Netherlands, is Vladimir Putin.

However, my starting point is the election of President Donald Trump because hindsight will surely show that Russia ran a seriously sophisticated programme of interference, mostly digital. 

Don DeLillo, who is a prophetic 21st writer, writes as follows in one of his short stories:

The specialist is monitoring data on his mission console when a voice breaks in, “a voice that carried with it a strange and unspecifiable poignancy”.

He checks in with his flight-dynamics and conceptual- paradigm officers at Colorado Command:

“We have a deviate, Tomahawk.”

“We copy. There’s a voice.”

“We have gross oscillation here.”

“There’s some interference. I have gone redundant but I’m not sure it’s helping.”

“We are clearing an outframe to locate source.”

“Thank you, Colorado.”

“It is probably just selective noise. You are negative red on

the step-function quad.”

“It was a voice,” I told them.

“We have just received an affirm on selective noise... We will correct, Tomahawk. In the meantime, advise you to stay redundant.”

The voice, in contrast to Colorado’s metallic pidgin, is a melange of repartee, laughter, and song, with a “quality of purest, sweetest sadness”.

“Somehow we are picking up signals from radio programmes of 40, 50, 60 years ago.”

I have no doubt that Putin ran a seriously 21st predominantly digital programme of interference which amplified the Trump candidacy. POTUS Trump was an ideal candidate for this kind of support.

Trump is a linguistic warfare specialist. Look at the names he gave his opponents: Crooked Hillary, Lyin’ Ted, Little Marco, ‘Low-energy’ Jeb — were devastating and terminal. 

The first thing is plausible deniability 

The second thing is non-linearity, you have to learn how to navigate a linear system (the new 21st digital ecosystem) in a non-linear way. 

Beppe Grillo, the comic turned leader of the Five Star movement in Italy said: This is the deflagration of an epoch. It’s the apocalypse of this information system, of the TVs, of the big newspapers, of the intellectuals, of the journalists.”

He is right, traditional media has been disrupted and the insurgents can broadcast live and over the top. 

From feeding the hot-house conspiracy frenzy on line (‘’a constant state of destabilised perception’’), timely and judicious doses of Wikileaks leaks which drained Hillary’s bona fides and her turn-out and motivated Trump’s, what we have witnessed is something remarkable and noteworthy.

Putin has proven himself an information master, and his adversaries are his information victims.

read more

We are not there yet. The exponential moment is still in front of us. #COVID19

A virulent plague that “travelled through the air as if on wings, it burned through cities like fire”.

read more

"Available evidence suggests COVID-19 leaped from wild animal to human." Which evidence? RaTG13 that is not a single sample but a consensus sequence and it was renamed and it disintegrated Is this a bad joke? @Rossana38510044

"Available evidence suggests COVID-19 leaped from wild animal to human." Which evidence? RaTG13 that is not a single sample but a consensus sequence and it was renamed and it disintegrated. Pangolin CoV sequences contaminated by human sequences. Is this a bad joke?

read more

I am convinced that the only ‘’zoonotic’’ origin was one that was accelerated in the Laboratory #COVID19

There is also a non negligible possibility that #COVID19 was deliberately released – Wuhan is to the CCP as Idlib is to the Syrian Regime – and propagated world wide.

read more

01-MAR-2020 :: The Origin of the #CoronaVirus #COVID19

“A paranoid is someone who knows a little of what's going on. ”― William S. Burroughs

read more

.@WHO experts will travel to #China this weekend to work together with their Chinese counterparts to prepare scientific plans for identifying the zoonotic source of #COVID19. @DrTedros

“An inquiry that presupposes — without evidence — that the virus entered humans through a natural zoonotic spillover and that fails to address the alternative possibility that the virus entered humans through a laboratory accident, will have no credibility,” said Richard Ebright, a molecular biologist at Rutgers University in New Jersey.

“To have any credibility and any value, an investigation must address the possibility that the virus entered humans through a laboratory accident and must also address the further possibility that the ability of the virus to infect humans was enhanced through laboratory manipulation — ‘gain-of-function research of concern’.”

read more

Dear @MaEllenSirleaf & @HelenClarkNZ The starting point of your enquiry has to be precisely what is being precluded below because “If they can get you asking the wrong questions, they don't have to worry about answers.” #COVID19

I am convinced that the only ‘’zoonotic’’ origin was one that was accelerated in the Laboratory.

There is also a non negligible possibility that #COVID19 was deliberately released – Wuhan is to the CCP as Idlib is to the Syrian Regime – and propagated world wide.

According to Daszak, the mine sample had been stored in Wuhan for six years. Its scientists “went back to that sample in 2020, in early January or maybe even at the end of last year, I don’t know. They tried to get full genome sequencing, which is important to find out the whole diversity of the viral genome.”

However, after sequencing the full genome for RaTG13 the lab’s sample of the virus disintegrated, he said. “I think they tried to culture it but they were unable to, so that sample, I think, has gone.”

read more

Angela Merkel: “You cannot fight the pandemic with lies and disinformation...the limits of Populism are being laid bare.”
Law & Politics

States with such rulers can get “seized by senility and the chronic disease from which [they] can hardly ever rid [themselves], for which [they] can find no cure”

To thwart calamities, rulers should possess certain qualifications. Khaldun recognizes wisdom, logic, honesty, justice and education as the most desirable qualities in a ruler.

The Correlation between the Case Load and Populism has a stupendously high correlation coefficient.

political decision-making is now driven by often weaponized babble. @FukuyamaFrancis

read more

Currency Markets at a Glance WSJ
World Currencies

Euro 1.1608

Dollar Index 94.697

Japan Yen 106.21

Swiss Franc 0.9250

Pound 1.2734

Aussie 0.7080

India Rupee 74.8875

South Korea Won 1203.26

Brazil Real 5.2120

Egypt Pound 15.99

South Africa Rand 16.77

read more

$GOLD Multi-Decade View: The target for this rally is $2200, which is resistance of its main bull channel from 1980. @AdamMancini4 1894.00

It could go there direct, but ideal is to pullback soon & create a "handle" below 2011's ATH which would build energy needed for a stronger, sustained breakout

read more

Brothers Nelson Bunker Hunt and Herbert Hunt attempted to corner the world silver markets in the late 1970s and early 1980s, at one stage holding the rights to more than half of the world's deliverable silver.

During the Hunts' accumulation of the precious metal, silver prices rose from $11 an ounce in September 1979 to nearly $50 an ounce in January 1980.[2] 

Silver prices ultimately collapsed to below $11 an ounce two months later,[2] much of the fall occurring on a single day now known as Silver Thursday, due to changes made to exchange rules regarding the purchase of commodities on margin.[3]

“Hunt had a paranoid world view and it made sense to him to amass silver and hang on to it.”

Most traders buy and sell paper. The actual stuff represented by that paper is delivered to someone else. Hunt wanted the silver. 

He chartered three 707 jet aircraft to haul the metal to warehouses in Switzerland and hired a dozen sharpshooting cowboys to provide security, according to Knight.

When he began buying silver with his brothers in 1973, it cost $2 an ounce and a big consumer was Eastman Kodak to make film.

Before the Hunts were through, seven years later, they’d stockpiled more than 200 million ounces, the price was soaring past $45 an ounce and regulators were preparing to take measures to make sure nothing like what Nelson Bunker Hunt had done would ever happen again.

“They broke the ascent by basically outlawing the buying of silver,” said Knight, who blogs at slopeofhope.com

“Only liquidation orders would be accepted. It’s almost criminal what they did.”

On March 27, 1980 — what came to be known as “silver Thursday” — Comex asked Bache Group, the Hunts’ broker, for $134 million.

The three Hunt brothers had $4.5 billion in silver holdings, $3.5 billion of it profit, Knight said. But they didn’t have $134 million.

A $180 million judgment against them pushed the Hunts into bankruptcy. 

All Bunker Hunt had left from his billions were a few million, a stable of racehorses and a $90 million tax bill to be paid over a 15-year period, Knight said.

read more

Emerging Economies Face Real Risk of ‘Submerging,’ Singapore Official Says @economics
Emerging Markets

Emerging economies could see the gains they’ve made over recent decades unravel, with economic, social and political consequences for the rest of the world, according to a senior Singaporean official.

The warning from Tharman Shanmugaratnam, senior minister and economic adviser to Singapore’s prime minister, comes as the coronavirus pandemic has sent the global economy spiraling into its worst crisis since the Great Depression.

“When we think of the future of the world economy, it’s fundamentally about whether the emerging world is going to emerge or whether it’s going to submerge,” Tharman told an online conference Thursday organized by DBS Group Holdings Ltd.

“Everything from forced migration as well as the export of political extremism will become a reality if we see limited growth, and large numbers of people becoming unemployed, either formally or informally,” Tharman said. 

“Consequences will be faced everywhere in the world.”

To avoid such a scenario, multilateral institutions such as the International Monetary Fund will need to drive the economic response to the pandemic, he said.

The World Bank last month forecast emerging markets’ output to shrink for the first time in at least six decades. 

The lender warned that the pandemic and worldwide recession will lead to increasing poverty in less-developed nations, as well as higher debt burdens.

The key focus of multilateral institutions and nations collectively is “how do we avoid the emerging world becoming a submerging world, because it’s going to affect the whole world,” Tharman said.

The Group of 20 leading economies has said it will decide later this year whether to extend the current suspension of debt payments for the poorest countries.

Speaking on the same panel, former Indian central banker Raghuram Rajan warned that many emerging countries will see the proportion of government debt to gross domestic product “skyrocket.”

Growth in these countries will have to be driven by external demand, and governments will have to think sensibly about the costs that the financial sector will have to bear, he said.

“The last thing you want, more than a corporate sector crisis, is a financial sector crisis,” he said.

read more

What’s certain is that the whole global economy has been hit by an insidious, literally invisible circuit breaker.
World Of Finance

Policy Makers somehow still believe in their linear minds that more Free money, more Rate Cuts will resuscitate the Patient which is like a Patient anaesthetised on the Table.

read more

21-OCT-2019 :: "The New Economy of Anger".
World Of Finance

People have been pushed to the edge and are taking to the streets.

Paul Virilio pronounced in his book Speed and Politics, 

“The revolutionary contingent attains its ideal form not in the place of production, but in the street, where for a moment it stops being a cog in the technical machine and itself becomes a motor (machine of attack), in other words, a producer of speed.’’

The Phenomenon is spreading like wildfire in large part because of the tinder dry conditions underfoot. Prolonged stand-offs eviscerate economies, reducing opportunities and accelerate the negative feed- back loop.

Antonio Gramsci wrote, “The crisis consists precisely in the fact that the old is dying and the new cannot be born; in this interregnum, a great variety of morbid symptoms appear. now is the time of monsters.”

Ryszard Kapucinski also said: “If the crowd disperses, goes home, does not reassemble, we say the revolution is over.”

It is not over. More and more people are gathering in the Streets.

read more

A Potemkin economy? Why Tanzania’s statistics look fishy @TheEconomist

Democracy and economic freedom revived Tanzania. In 1995 the country held its first free elections in 30 years. As state controls were relaxed, investment flowed in. Steady growth more than doubled income per person between 1994 and 2010.

But John Magufuli, who was elected president in 2015, has turned back the clock on democracy by locking up opposition mps and journalists. He has also meddled capriciously in the economy. 

His government has shaken down firms for cash, arresting their executives and holding them without bail if they do not pay up. It is “almost ransom”, says Peter Leon of Herbert Smith Freehills, an international law firm.
In 2018, when cashew farmers were unhappy with the market price for nuts, Mr Magufuli sent in the army with orders to buy up the crop for 65% more than private traders offered. 

In the finest socialist traditions he did not pay the farmers for over 18 months. Since then the harvest has slumped by 30%. Farmers are reluctant to plant if they don’t expect to be paid.

Supporters of Mr Magufuli, who is running for re-election in October, argue that he gets things done—hence his nickname, the “bulldozer”. 

They also point to Tanzania’s startling record of economic growth. This has been running at close to 7% a year for the past decade. 

Tanzania has just crossed the World Bank’s threshold to become a middle-income country (ie, with an average income of more than $1,036 a year). Mr Magufuli boasts of achieving this goal five years earlier than planned.

Yet the growth numbers do not stack up. From about 2017 several other indicators, from tax revenue to lending to the private sector, have slowed sharply. 

The imf raised doubts last year when it said there were “serious weaknesses” in the growth data

It pointed out that public-sector wages, lending to the private sector and imports were all falling while tax revenue was growing only weakly. 

The authors made it clear that the official 6.8% growth figure for 2017 was not credible. Publication of the report was blocked by the Tanzanian authorities. (The Economist has seen a copy.)

The fund has since backed down. It now reports, without caveat, Tanzania’s growth as 6.8% in 2017, 7% in 2018 and 6.3% in 2019

Jens Reinke, the imf’s new representative in Tanzania, says that although the fund makes its own forecasts, it relies on official data for historical figures. 

“We’re not forensic accountants,” he says. Its latest health check in February has also not been published. The press release that usually accompanies these reports is positive.

Nonetheless, the concerns raised by the imf did not disappear like their report. Analysis by The Economist using the Tanzanian central bank’s own numbers for the most recent full fiscal year available (2018-19) shows that tax revenue has shrunk in real terms. 

Discrepancies such as these, says Thorsten Beck of Cass Business School, are “red signals” that gdp may have been overestimated.

Public-sector wages and lending to the private sector, which had both been growing at well over 10% earlier in the decade, crept up by just 2% and 4% respectively (see chart). 

The amount of money circulating, normally higher when the economy is booming and people need cash, had grown at 10% for several years earlier in the decade but has edged up by only 2% in 2019.

“The growth numbers are out of line with almost everything else we are seeing out of Tanzania,” says Justin Sandefur of the Centre for Global Development, a think-tank.

Tanzania’s recent growth ought to be evident in ordinary lives. When incomes rise, people buy more beer; yet revenue for Tanzania’s biggest brewer fell in 2018 and 2019. 

According to door-to-door surveys done in 2012 and 2018, the share of Tanzanians who are extremely poor, 49%, did not change at all over the period. That is almost unheard of. 

And because Tanzania’s population is growing, the number of extremely poor people has increased by about 4.5m.

Nonetheless, on June 8th Mr Magufuli declared Tanzania “coronavirus free”.

The government says the economy will grow by 5.5% in 2020. That would probably make Tanzania the best-performing economy in the world. The imf predicts a more modest 1.9%

With an election looming, the government’s economic record is facing fresh scrutiny. 

Bernard Membe, a former foreign minister who has defected to the opposition, says growth is “exaggerated” and “in fact is less than 3%”. What about Tanzania’s middle-income status? “A very big joke,” says Mr Membe. 

read more

The African @jairbolsonaro is of course @MagufuliJP
Law & Politics

Brazil is a real time Laboratory experiment and the African @jairbolsonaro is of course @MagufuliJP

According to the African Centres for Disease Control and Prevention, Tanzania has conducted just 652 tests (as of 7 May). 

read more

.@EximBankUS Out to Displace China After Record Loan in Africa @bpolitics

The lender has just provided $4.7 billion to fund a Mozambican gas project -- the largest share of about $15 billion raised for the development.

The deal helped secure U.S. jobs and displaced earlier financing efforts by China and Russia, according to Stephen Renna, Exim’s chief banking officer.

“China is our competitor and one that we want to compete with to win,” he said. 

“We do have a mandate from Congress to emphasize what we can do in sub-Saharan Africa so we’re clearly open for business there.”

read more

#EXIM Chief Banking Officer Stephen Renna signed initial agreements associated with the #Mozambique LNG Project @EximBankUS

Once additional documents are finalized and conditions are satisfied, EXIM’s financing will support #export of $4.7B #USgoods and services from multiple states.

read more

Africa has a Problem COVID-19 pandemic in Africa is now reaching ‘full speed’ @AP #COVID19

Africa has a Problem COVID-19 pandemic in Africa is now reaching ‘full speed’ @AP #COVID19 and it’s good to prepare for the worst-case scenario, the Africa Centers for Disease Control and Prevention chief said 

’We’ve crossed a critical number here,” he said of the half-million milestone. 

“Our pandemic is getting full speed.”

read more

South Africa’s excess deaths surge as virus like ‘wildfire’ @AP #COVID19

Global hot spot South Africa is seeing a “huge discrepancy” between confirmed COVID-19 deaths and much higher excess deaths from natural causes, while Africa’s top health official says the coronavirus is spreading there “like wildfire.”

A new report by the South African Medical Research Council, released late Wednesday, shows more than 17,000 excess deaths in South Africa from May 6 to July 14 

South Africa is “very concerning,” the director of the Africa Centers for Disease Control and Prevention, John Nkengasong, told reporters Thursday.

And now other African countries are becoming a problem, notably Kenya, where Nkengasong said cases have “taken off very, very quickly.” 

East Africa’s commercial hub now has more than 14,000 confirmed cases.

Local transmission of the virus has begun in many countries across the continent, and once it is seeded in vulnerable communities such as slums it “spreads like wildfire, which is what we’re seeing in South Africa now,” Nkengasong said.

The true number of cases in Africa is unknown, as shown by the new report in South Africa, the continent’s most developed country.

“Community deaths, we just don’t know how countries are capturing that,” Nkengasong said.

Africa’s case fatality rate in this pandemic remains relatively low at just over 2%, but that measure is weakened if authorities don’t know the real number of deaths.The World Health Organization said Thursday more than 10,000 health workers have been infected in its African region, which is largely sub-Saharan Africa.

read more

The Eastern Cape again they phone their house doctor, the doctor tells them what to do and what to buy but key what he tells them: DON'T GO TO THE HOSPITAL. JUST DON'T. @Slipcatch

The Eastern Cape again A East London man and wife both tested positive for covid. The wife start struggling with her breathing, they phone their house doctor, the doctor tells them what to do and what to buy but key what he tells them: DON'T GO TO THE HOSPITAL. JUST DON'T.

read more

On the 10-MAY-2020 : Africa was at 56,000 confirmed #COVID19 cases continent

The number of confirmed cases in Africa has been rising by about 30% a week over the past month, but is set to incline steeply now.

There was a lot of FOX News level, mathematically illiterate magical thinking about Africa and how it was going to dodge a ''Silver Bullet''

That thinking is now debunked. Africa is playing ''Whack a Mole'' with a blindfold on

read more

02-MAR-2020 :: The #COVID19 and SSA and the R Word

We Know that the #Coronavirus is exponential, non linear and multiplicative.

what exponential disease propagation looks like in the real world. 

Real world exponential growth looks like nothing, nothing, nothing ... then cluster, cluster, cluster ... then BOOM!

read more

VIDEO: 🇿🇦 Aerial footage shows funerals under way at the Olifantsvlei Cemetery in #Soweto @AFP

South Africa has recorded a jump of nearly 60% in numbers of natural deaths in recent weeks, suggesting a much higher toll of coronavirus-related fatalities than officially reported

read more

10-MAY-2020 :: The worrying development is Transmission Hotspots #COVID19 and the Spillover Moment

The Question for SSA is whether these Transmission Hot Spots expand and conflate?

read more

The cut brought the main lending rates to 3.50% and followed a previous 275 bps of cuts this year to try to cushion the impact of COVID-19
World Of Finance

The bank also cut its 2020 forecast for gross domestic product, to a contraction of 7.3% from the 7% predicted in May.

The easing of South Africa’s lockdown “has supported growth in recent weeks and high frequency activity indicators show a pickup in spending from extremely low levels,” he added.

The bank forecast average consumer price growth of 3.4% this year and 4.3% next, and said it expected GDP to expand 3.7% in 2021.

The rate cut decision boosted the rand and government bonds.

Chief Africa economist at Standard Chartered, Razia Khan, said the bank’s statement was hawkish, but it was unclear whether the bank had reached the end of its easing cycle.

“A lot of monetary accommodation has been provided, but the impact of that is difficult to gauge, given the lockdown. In our view, this leaves open the likelihood of further easing, should inflation remain benign and growth weak,” she said.

read more

Kenya, where Nkengasong said cases have “taken off very, very quickly.” @AP #COVID19

And now other African countries are becoming a problem, notably Kenya, where Nkengasong said cases have “taken off very, very quickly.” East Africa’s commercial hub now has more than 14,000 confirmed cases.

read more

Out of 6,754 samples tested in the last 24 hours, 796 people have tested positive for the disease. #KomeshaCorona @SpokespersonGoK

This brings to 15,601 the number of positive cases in the country so far, pushing our cumulative samples tested to 261,027.  

read more

TPS @serenahotels share price data
N.S.E Equities - Commercial & Services

Price: 13.45 Market Capitalization: $22.718m EPS:0.69 PE:19.493

read more

June 11, 2012 The Serena @SerenaHotels
N.S.E Equities - Commercial & Services

MY memories of the Serena start in Mombasa years back when the managing director Mahmoud Jan Mohamed was the manager. 

I was then a teenager and remember losing my heart to a girl, who would beat me at table tennis, in a bikini. That table tennis Table is still there. 

The Serena brand has always been sprinkled with a fairy dust and reminds me of happy joyful carefree halcyon days of youth.

read more

The Polana is a Jewel in the Serena’s Crown. As Jorge Luis Borges said, “the mind was dreaming. The world was its dream.”
N.S.E Equities - Commercial & Services

Lourenço Marques founded a settlement here in 1544 and when Mozambique gained independence from Portugal in 1975, the city was renamed in honour of Maputa, a legendary chief.

read more

by Aly Khan Satchu (www.rich.co.ke)
Login / Register

Forgot your password? Register Now
July 2020

In order to post a comment we require you to be logged in after registering with us and create an online profile.