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Zimbabwe 2.0: South Africa's President Vows To Redistribute White-Owned Land And Businesses

Zimbabwe 2.0: South Africa's President Vows To Redistribute White-Owned Land And Businesses

In a stark flashback to the events that led to Zimbabwe's terminal collapse into banana republic status, as well as unleashing hyperinflation and economic devastation, on Thursday South African President Jacob Zuma pledged to break up white ownership of business and land to reduce inequality, in a State of the Nation address which as the WSJ reports was disrupted by a fistfight, walkouts and a release of pepper spray in the parliamentary chamber. It appears South Africa is not fond of implementing "Rule 19."

The Megacity Economy: How Seven Types Of Global Cities Stack Up

The Megacity Economy: How Seven Types Of Global Cities Stack Up

Back in 1950, close to 30% of the global population lived in cities.

As Visual Capitalist's Jeff Desjardins notes, that has shifted dramatically, and by 2050, a whopping 70% of people will live in urban areas – some of which will be megacities housing tens of millions of people.

This trend of urbanization has been a boon to global growth and the economy. In fact, it is estimated today by McKinsey that the 600 top urban centers contribute a whopping 60% to the world’s total GDP.

Courtesy of: Visual Capitalist

 

U.S. Special Forces Deployed To 70% Of The World In 2016

U.S. Special Forces Deployed To 70% Of The World In 2016

U.S. Special Operations Command launched a raid in Yemen’s Baida Province on Jan 29, targeting Qassim al-Rimi, the leader of Al-Qaeda in the Arabian Peninsula. The first high-profile special forces operation of Trump’s presidency, the raid resulted in the deaths of at least 14 Al Qaeda fighters, 20 civilians and Navy SEAL William “Ryan” Owens. Three other Americans were reportedly wounded and an Osprey tilt-rotor aircraft was destroyed by U.S. forces after it was heavily damaged in a forced landing.

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