Month: September 2024

Racial bias: Black joblessness is above the national average. It was 23.3% among South Africans of mixed race. | Photo Credit: Reuters Thirty years after the end of apartheid, South Africa’s economy remains deeply divided by race, spurring political debate on the extent to which its flagship Black economic empowerment law has worked. South Africa has…

Read More “The racial divide in South Africa’s economy since the end of apartheid” »

Even before the U.S. Federal Reserve approved its outsized half-percentage-point interest rate cut last week, financial markets had begun making credit cheaper for households and businesses as they bid down mortgage rates, cut corporate bond yields, and chipped away at what consumers pay for personal, auto and other loans. How fast that process will continue…

Read More “U.S. Fed rate cuts will put money in pockets, but a mood shift may take time” »