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Africa Subsaharan
Economic free fall in Zimbabwe
2007-02-07
For close to seven years, Zimbabwe's economy and quality of life have been in slow, uninterrupted decline. They are still declining this year, people there say, with one notable difference: The pace is no longer so slow.

Indeed, Zimbabwe's economic descent has picked up so much speed that President Robert Mugabe, the nation's ruler for the past 27 years, is starting to lose support from parts of his own party.

In recent weeks, the national power authority has warned of a collapse of electrical service. A breakdown in water treatment has set off a new outbreak of cholera in the capital, Harare. All public services were cut off in Marondera, a regional capital of 50,000 in eastern Zimbabwe, after the city ran out of money to fix broken equipment. In Chitungwiza, just south of Harare, electricity is supplied but four days a week.

The government awarded all civil servants a 300 percent raise just two weeks ago. But the increase is only a fraction of the inflation rate, so the nation's 110,000 teachers are staging a work slowdown for more money; measured by the black-market value of Zimbabwe's ragtag currency, even their new salaries total less than $60 a month.

Posted by:Steve White

#6  Nice foreshadowing for the socia-fascists in Venezuela and Bolivia. That's right suka's. Nationalize industry, redistribute land, ceed powers to the despots and fix prices.

It works every time it's tried! Heh.
Posted by: Lanny Ddub   2007-02-07 21:37  

#5  I for one would NEVER farm there, the Govt has already shown that they plan to steal the crops and kill the farmers, once is plenty of warning.
Posted by: Redneck Jim   2007-02-07 20:11  

#4  To continue, I doubt that anyone in Zimbabwe could afford $50 buck a gallon gas, I think the "Reselling" is a fiction.
Posted by: Redneck Jim   2007-02-07 20:08  

#3  Aliter and a quart are close enough in size to equals compare, so the LOW price of $1.27 equals $5.08 a gallon,(discount? like hell it's a "discount")
Posted by: Redneck Jim   2007-02-07 16:31  

#2  Seeking to revive farm production, for example, the government sells gasoline to farmers at a deep discount of 330 Zimbabwe dollars, or about $1.27, per liter — and farmers promptly resell it on the black market for 10 times as much, leaving their fields idle.

Damn! Bob know about that?
Posted by: Farmin B. Hard   2007-02-07 15:07  

#1  I can hardly wait for next week's installment to see how this happy story ends for Bob.
His people OTOH do not deserve any of this crap.
Posted by: USN, Ret.   2007-02-07 14:44  

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