Sidian was also very reliant on wholesale deposits because the challenge in the microfinance segment is that they are largely net borrowers, they were not savers, so you now have to get expensive wholesale deposits from institutions to finance the bank. Then the interest rate cap came...
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Imagine the excitement when the Nintendo Entertainment System was introduced. The 8-bit home video console gave Mario and Zelda lovers a way to play at home. Despite being the best-selling console of all time, it was discontinued in 1995 in the U.S. Nostalgia has managed in recent years ...
The jizya tax wasn't unusually discriminatory for its time Abolished by Akbar and reintroduced by Aurangzeb, the jizya was a tax levied on non-Muslims in the realm over and above all other duties. It functioned in three slabs depending on income and its rate ranged from0.5% to 6%. ...
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Earlier this year, in another example, the government introduced a policy of removing asylum seekers from the country and outsourcing them to Rwanda for processing. A totally new policy was introduced with zero participation by Parliament. As it happens, a very bad policy: expensive, unworkable an...
Years ago I went to teach in an urban school in order to join black people in their quest for equality. I was naïve, unaware of my ignorance, and totally conscious of race. What I learned was to question: why always in black and white? Please look for
The extra tax was the equivalent of 2.3p on the basic rate.In March, 2000, Brown curbed his tax-raising instincts and introduced just four rises, including an increase in stamp duty. It was the equivalent of 0.3p on the basic rate. The following year, only weeks before the election, ...
Wireless Digital Communicationwasintroduced(in theUnited States)byDr. Hank Magnuski(Co-founder ofPPRS), when his historicKA6M-1 Digital Packet Radio Repeaterbegan operation on: December 10, 1980 Pacific Packet Radio Societygateway|history|photos|papers|links|packet audio|video ...
It’s a malady that could be called Rust Belt Syndrome, because it happened to all industrial cities at the same time and the effects had been the same. What happened was that industrial cities became too successful with their factories that local economies developed income dependence. ...