WASHINGTON DC, 20TH SEPTEMBER Unemployment and how to counter a problem that's been described as an economic time bomb is a key area of discussion at the IMF and World Bank Spring meetings in Washinton DC. Let me put this into perspective first. We've seen Obama's recent shaky moments as he battles with empowering Americans after an economic crisis that stripped the worlds number one state to its bare minimum. And now US unemployment figures remains at about 9%. That is a crisis. In Kenya, that figure (unemployment) is at 36%. Inflation is at 16.67%, and today, the shilling is at an 17 year low of 96 shillings to the greenback. That is a proper definition of the word disaster. But we walk and talk as if its business as usual as politics and blinders (in the name of price controls and price caps) balm mass appeal. We need to wake up to the realities of what this means for our economy. Where are all the jobs? what is really happening? Reduced capital flows . T...
Chronicles of a former Business Journalist | Believer of the African Dream | Mother | Lover of Life| Poet