Article

2007-05-17 Africa Subsaharan

Zimbabwe's inflation rises to 3,714 percent in April

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Posted by ed 2007-05-17 07:29|| || Front Page|| [6 views ] Top

#1 UN recently appointed Zimbabwe to chair an economic development panel. I shiite you not. Think about that the next time some politician demands UN Authority for anything.

Zimbabwe has been selected to head a United Nations panel focused on sustainable development, despite strong objections from some Western nations.

The Commission on Sustainable Development voted by secret ballot on Friday to approve the nomination of Francis Nhema, Harare's minster of environment and tourism, to head the panel. The vote was 26-21, with three abstentions.

Posted by Lanny Ddub 2007-05-17 08:11|| 2007-05-17 08:11|| Front Page Top

#2 Well, I bet they can sustain that inflation rate, maybe even increase it, for quite some time.

Posted by Jackal">Jackal 2007-05-17 08:36|| http://home.earthlink.net/~sleepyjackal/index.html]">[http://home.earthlink.net/~sleepyjackal/index.html] 2007-05-17 08:36|| Front Page Top

#3 Jackal, there is plenty of room for growth. As the supply of goods for sale approaches zero, the inflation rate should approach infinity.

Posted by RWV 2007-05-17 09:38|| 2007-05-17 09:38|| Front Page Top

#4 Mugabe's solution is to control salaries and prices.
i.e. keep salaries the same in hopes of stabilizing prices?

Posted by bigjim-ky 2007-05-17 10:05|| 2007-05-17 10:05|| Front Page Top

#5 It's like the Weimar Republic, but without the Lederhosen.

Posted by Mike 2007-05-17 10:11|| 2007-05-17 10:11|| Front Page Top

#6 Looks like the ZimFed is gonna have to raise up the InterBank a quarter percent this month.

Posted by Shipman">Shipman 2007-05-17 18:15|| 2007-05-17 18:15|| Front Page Top

#7 I'll bet Chavez views this news as a challenge.

Posted by DMFD 2007-05-17 19:20|| 2007-05-17 19:20|| Front Page Top

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