Tim Worstall says the necessary on the Kill The Sick Bill.
Computational Racism ?
BBC News 24 interview not the planned guest, but his taxi driver.
Good news for some :
The poor state of the economy is having an effect on infrastructure
Zimbabwe's inflation rate has surged past the 1,000% mark signalling that the African country is struggling to keep its economy functioning normally.
Not the poor Zimbabweans, but for those who (up to the last budget) avoided tax via offshore loans.
It was rather beautiful if you like that sort of thing. Instead of being paid for your work, you worked via a company (usually in the IOM or Channel Islands) who the client paid. They then didn't pay you much, but they gave you a large, repayable loan in a carefully chosen foreign currency. Carefully chosen from a range of basket case economies so that by the time repayment was due the loan was worth about a fiver. Zimbabwean currency was a favourite. When you got the loan, of course, you immediately converted it into a solid currency at whatever the going rate was.
I wonder on what grounds the IR are challenging ? Presumably if the rate of interest was non-commercial ?
Noon Image: 5 May 2015
4 hours ago