"Those few who have received food materials feel that they are being embarrassed in the sense that what they were given would have been good for a 2-year-old, 3-year-old boy, not an adult," he said, referring to the Emergency Food Response set up by Lagos State. … [Read more...] about Covid-19: Relief promises for Africa’s small businesses
Open a business bank account online with bad credit
According to a really expensive study carried out by Noel Edmonds' Sky1 quiz programme Are You Smarter Than a 10 Year Old?, millions of English adults cannot read, write or add up better than primary-school children. Furthermore, one in six adults can only just about decipher a menu (the type you find in a greasy-spoon cafe, not one of Heston Blumenthal's – even Heston can't read those). But even if they can order an egg, because it only has three letters in it, they still don't understand quantities. Jeremy Hunt, the health secretary, asked Edmonds if this was why we were all so fat and a drain on the NHS, and Noel said it was, yes. Hunt smirked, and then they went off to bounce on the trampoline for a bit because all the swings were taken. … [Read more...] about Are poor literacy rates caused by laziness … or bad film titles?
That the exterior was ever completed is an achievement in itself. Construction began in 1987 but was halted in 1992 when the North Korean regime suffered an economic crisis following the fall of the Soviet Union, leaving the structure without windows, fixtures or fittings. Building work did not resume until 2008. … [Read more...] about Tall storey? North Korea’s infamous ‘Hotel of Doom’ to open shortly, maybe
“From today, we are asking everyone to please only send one adult per household to our shops,” he said. “This helps us keep people a safe distance apart and also helps reduce queues to get into stores. Our store teams will be asking groups with more than one adult to choose one adult to shop and will ask other adults to wait. Children of course are welcome if they are not able to stay at home.” … [Read more...] about Sainsbury’s to ease shopping limits, but allow only one adult per household
A harder question is whether giving liquidity to businesses should take the form of credit or grants. Germany has done the former, putting no limits on how much firms can borrow from the state, but the loans must be paid back, even if over many years. Denmark has opted for the latter, paying companies up to 90% of their wage bill, as well as sick leave, rent and other fixed costs. The question is who should ultimately pay for all the money that businesses are getting: is it the ones who receive help now, paying it back over the next few years out of their revenues? Or, rather should all the taxpayers in the country pay for it, especially the future generations who will inherit the exploding public debt? For most countries, the answer lies somewhere in between, since at least some of the credits won’t be repaid. But where exactly in between should it be is a question not just of economics but of intergenerational ethics and justice. … [Read more...] about How do countries differ in their response to the coronavirus economic crisis?