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Monthly Archives: March 2017
Space Agencies Want to Put Humans on Mars by 2033, but Will Humans Be Ready to Go? – Futurism
Posted: March 21, 2017 at 11:16 am
In Brief
In case you hadnt noticed, there are a lot of agencies and companies working hard to get humans to Mars. SpaceX says it will definitely launch their crewed mission by 2020. NASA has a mandate to get the US to Mars by 2033.
China will launch its first Mars probe by 2020 with the aim of becoming a frontrunner in space exploration by 2030. While that hasnt included explicit plans for Mars yet, other frontrunners in space will be there in the 2030s. Mars Ones goal is to establish a permanent human colony on the Red Planet. The UAE has also stated that it plans to place a human colony on Mars, with a safety goal date of 2117.
While getting to Mars may be the initial hurdle to overcome, the challenges wont stop oncewe get there. Humans living on Mars must be equipped to handlethe necessarysocial disruptions, potential emotional turmoil, medical dangers, and other potential hardships. Life on Marswould demand that humans adapt to the planet rather than expecting Mars to adapt to their presence. Physical health problems that arise on Mars could well beuntreatable, depending on the type of expertise, equipment, or other resources that would be needed to treat them. Further complications could arise on a genetic basis, as concerns of consanguinitycould be a threat to colonies if an insufficient number of people for propagation made the journey.
Mental health concerns could be even more salient for Mars colonies, which would essentially be cut off from the life they knew on Earth. Although results from NASAs HI-SEAS isolation experiment which seals off small crews near the top of Hawaiis Mauna Loa volcano have been promising, many believe that there is really no way to truly prepare humans mentally for life on Mars while theyre still on Earth.
The real, and perhaps simplest, answer may be that life on Mars wont be for everyone. Neither is life in New York City, or tattoos, or any number of lifestyles or practices. The beauty in the diversity of human experience is that all those things have theirloyal adherents and so will off-world living.
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NASA Plans To Turn The Largest Object in Our Solar System into a Telescope – Futurism
Posted: at 11:16 am
A Solar Scope
Each day we get closer to exploring farther reaches of our solar system and universe. We have come incredibly far and seem to make progress with each day. However, our ability to survey the outer corners of the cosmos is limited by our current telescopic technology. Now, modern telescopes are nothing to scoff at. As the iconic Hubble Telescope is phased out, the James Webb Space Telescope will continue to capture the beauty of outer space. But scientists have figured out a way to push the boundaries of telescopic technology even further: by turning the Sun (yes, that sun) into a telescope.
To use the sun as some sort of massive magnifying glass, scientists have deferred to Einsteins Theory of Relativity. According to the theory, large objects (like the Sun) bend the space around them, and so anything traveling in that space (even light) bends as well. In a phenomenon known as gravitational lensing, if light is bent around an object in a particular way, it can magnify the space (quite literally, space) behind it.
Scientists have previously used gravitational lensing to help telescopes to be more effective, but now, researchers aim to use this distribution of matter as a telescope. This new approach certainly has its pros and cons. In order to harness this lensing, the necessary instruments would need to approach pretty close to the sun, in order to reach a target 550 AU away. While humans and probes have traveled much closer to the sun than this, and plan to do so in the future, this difficult journey would take a long time and the equipment would have to be somehow placed into the middle of space.
However, if this is pulled off, it would be a massive leap forward in imaging technology. We could finally get a closer, clearer look at Trappist-1, and would be that much closer to discovering life outside of Earth.
As mentioned previously, this sun scope is not the only highly advanced space-imaging technology thats surfacing. The James Webb Space Telescope, set to launch in October of 2018, will hopefully continue and advance the incredible work of the Hubble Telescope. In fact, this telescope is so powerful that Lee Feinberg, an engineer and James Webb Space Telescope Optical Telescope Element Manager at Goddard, was quoted as saying. The Webb telescope is the most dynamically complicated article of space hardware that weve ever tested.
The technology that we use to capture the incredible images of space isimproving every day. Modern telescopes will continue to advance, becoming more powerful, more precise, and more detailed. So, while the idea of a sun-based telescope is incredible and could yield unprecedented images and information, even if it doesnt pan out, we will most certainly continue to find improved ways to look at the Universe.
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Bill Nye Just Wrote an Open Letter to the Trump Administration About NASA – Futurism
Posted: at 11:16 am
Bill Nye the Educational Guy
Bill Nye, everyones favorite science guy, recently released a public video message for the current administration. Through his organization, The Planetary Society, Bill has stated (and included a written reportof) his official recommendations for the government in relation to their plans for NASA. The Planetary Society gave their 16-page report directly to the NASA transition team.
As many have already read and discussed, the current administration has their sights set on returning to the Moonand pushing forward the goal to put humans on Mars. In fact, many members of the House Science Committee think that not only should sending humans to Mars be an absolute priority, but we should be reaching this goal much sooner (something thatthose like Tom Young, a past director of Goddard Spaceflight Center, think is currently unrealistic). However, they have also decided that many other efforts of NASA, like climate change research, are less than necessary. In fact, recently, the President-Elect has announced possible plans to defund NASAs Earth Science Division.
Bill Nye, a longtime supporter of correct, up-to-date scientific information, has shown the current administration how they can tailor their plans to be less 1960s moonshot flashback and more scientifically-minded space research. Bill has laid out these recommendations fully and thoughtfully, and has specified fivekey suggestions (which he goes into great detail to explain). These suggestions are as follows:
1. Maintain the exploration of Mars as the organizing principle for NASAs human spaceflight program; 2. Direct NASA to plan an executable, affordable path for sending humans to Mars orbit by 2033; 3. Expand NASAs highly successful science portfolio; 4.Annual five percent increases to NASAs budget for five years; and 5. Continue to grow and support the commercial space industry.
These recommendations seem simple enough, but if followed correctly could be the key to a brighter (and scientifically-sound) future. Going far beyond the simple we want to get humans to Mars, this plan sincerely outlines and develops ways that could advance and modernize current NASA plans. As both government and private space organizations race to release the most exciting developments to help us achieve our goals of space exploration, guidelines like these will allow all of the excitement and planning to become more grounded in reality.
Unfortunately, and especially currently, there are many who do not see value or validity in science. Even those who are in charge of funding scientific programs and research are not always well-versed in the importance of science. Thankfully, these recommendations by Bill Nye avoid any condescending attitude or overly-technical terminology. It is a helpful guide that can be easily interpreted and implemented.
If these suggestions are followed, NASA will be able to continue searching for life outside of Earth, create safe and viable ways to extend the possibilities of human space travel, and support ongoing research. The James Webb Space Telescope, the Mars 2020 rover, Solar Probe Plus, and the Europa Multi-Flyby Mission are just a few of the many projects and programs that will be able to continue to flourish under these guidelines.
These recommendations will hopefully be viewed and taken seriously by the current administration. While many dismiss NASA and think that missions to space are somehow frivolous, the research that NASA has done in the past has been the basis for a huge percentage of modern innovation. From health and medicine to smartphone technology, NASA researchers have had an irreplaceable impact on scientific advancement. Additionally, as the realities of climate change grow more pressing, the data that NASA scientists obtain and analyze is crucial in understanding how we can improve the harsh truths of our environment.
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Google Created an AI That Can Learn Almost as Fast as a Human – Futurism
Posted: at 11:16 am
Deep Learning, Fast
Deep learning machines have been generating incredible amounts of buzz in recent months. Their extensive abilities can allow them to play video games, recognize faces, and, most importantly, learn. However, these systems learn 10 times more slowly than humans, which has allowed us to keep the creeping fears of a complete artificial intelligence (AI) takeover at bay. Now, Google has developed an AI that is capable of learning almost as quickly as a human being.
Claims of this advancement in speed come fromGoogles DeepMind subsidiary in London. They say that not only can their machine assimilate and act on new experiences much more quickly than previous AI models, it will soon reach human-level speeds.
If youre unfamiliar with how deep learning works, it uses layers of neural networks to locate trends or patterns in data. If one layer identifies a pattern, that information will be sent to the next layer. This process continues until all the information is collected.
Systems can be taught to learn differently depending on many different variables, such as the strength of the connection between layers. Significant changes in one layer can dramatically change how information is transmitted in other layers, or how it is learned. Deep neural networks have many layers, so when changes are present, the process of learning can take an incredibly long time.
However, Alexander Pritzel, one of the researchers at Google DeepMind, and his colleagues seem to have figured out a way around this issue. They call it neural episodic control.
Neural episodic control demonstrates dramatic improvements on the speed of learning for a wide range of environments,the team told MIT Technology Review. Critically, our agent is able to rapidly latch onto highly successful strategies as soon as they are experienced, instead of waiting for many steps of optimization. Their method mimics the processesof learning that occur in human and animal brains, replicating what happens first in the prefrontal cortex and then, as a backup, in the hippocampus.
It seems as though every day some new development in AI technology is being revealed to the world. From altruistic robot lawyers to predictions about the singularity, AI technology has been barreling forward. However, we have not yet reached true AI.No robots exist whose AI capacity matches the intelligence of the human brain.
And so, while the realities of job loss as a result of automation and AI are becoming clearer every day, a true AI is not predicted to arrive any time soon. However, this development from DeepMind could be a huge stepping stone on the path to that future.
While that might seem like a science fiction nightmare on its surface, the possible benefits are enormous. Applications for advanced AI technology range from health and medicine to agriculture and even scientific research. As AI gets better at learning, it can be taught more and more ways to improve our lives.
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Moor Mother Explains Black Quantum Futurism – THUMP
Posted: at 11:16 am
Lately, I can't help but notice the resurgence of the word "Afrofuturism" in cultural circles: at museums, in books, but maybe most importantly, on my social media feeds. In my own work as the founding curator of the Center for Afrofuturist Studies (CAS) in Iowa City, I've been inspired by artist Martine Syms' mundane Afrofuturism to think about art that deals with the future of black lives in an everyday way. I'm interested in a black future that includes, say, tomorrow and the next day, and that also includes the lives of black people on social mediathe futurity we all already live with. I wonder whether the space-based Afrofuturism of Sun Ra we saw in the mid-20th century has since given way to a new internet-based one: the millennials' Afrofuture.
Moor Mother, however, sees things a little differently. "I don't know anything about millennial culture," the Philly-based punk-poet, n Camae Ayewa, tells me over the phone when I ask her about Black Quantum Futurism, an offshoot of Afrofuturism she created with her partner Rasheedah Phillips. As Ayewa explains it, Black Quantum Futurism is "a new language of healing, memory, and justice that can be transmitted and used as a technology," one that exists at the intersection of activism, art, and DIY culture.
Ayewa emphasizes that access to the internet is itself a privilegein a way that, say, access to the ideas of space and of the future are not. Black Quantum Futurism, in other words, is a version of Afrofuturism that is expressly for the peopleespecially the people who can't afford to be online, and who therefore are all too easy to overlook when you spend most of your time in the privilege-dome of the internet.
But this doesn't mean that if you are onlineas you are, right now, reading thisthat Black Quantum Futurism isn't also geared towards you. This May, Ayewa and Phillips are teaming with Philly-based collectives The Afrofuturist Affair and Metropolarity to curate the Black Quantum Futurism programming theme at Moogfest, which includes a series of performances, talks, and workshops that I'm pretty sure will draw crowds of phone-wielders like you and me. There's a workshop called "Discovering Your Secret Superpower," designed to help people develop their own superhero identities based on their own strengths and weaknesses. And there's another called "Deep Space Mind," inspired by a DIY approach to science-fiction that helps marginalized people "reclaim their own insane mindspaces while developing strategies for psychological survival in our age of warfare." On top of all that, Ayewa's working on a durational piece for Moogfest, in the spirit of her other durational piece, "14 Hours," a performance that lasts as long asyou guessed it14 hours.
So, if you find yourself in Durham, North Carolina in May at the Black Quantum Futurism stage, make sure you bring some snacks, and maybe a change of clothes. Oh, and make sure you turn your fucking phone offat least after you've got the whole thing documented on the gram. You won't want to forget it.
Below, Moor Mother explains Black Quantum Futurism, and what's in store for folks at Moogfest. The text combines our telephone interview with some follow-up questions she answered via email, and has been edited and condensed for clarity.
Moor Mother and Rasheedah Phillips outside the Black Quantum Futurism space in Philadelphia
Moor Mother: Afrofuturism is a lens to see things in a differen t way. It's a place for people out on the fringes who have a lot to offer, but may not be in the academic world. There may not be thousands of books on Afrofuturism, unlike the Italian Futurists or something, but it's coming.
The past and future are not cut off from the presentboth dimensions have influence over our lives, who we are, and who we become at any particular point in space-time. Our work [with Black Quantum Futurism] focuses on recovery, collection, and preservation of communal memories, histories, and stories.
One of our projects, "Community Futurisms: Time & Memory in North Philly," is a collaborative art and ethnographic research project exploring the complexities of history, time, temporalities, and futurities within a specific low-income community currently undergoing displacement and redevelopment. [The] project is an example of Afrofuturistic social practice, and how Afrofuturism can be used by disenfranchised communities to create safe space for dialogue, visioning, and testing of ideas around community sustainability, resilience, and resistanceand as a technology for the actual implementation of those visions and ideas. [It also sets] an example for other advocates and policymakers on how to creatively approach these issues using social practice and community-engaged art. That's what Black Quantum Futurism is. It's all practicalthat's the main point.
We have two volumes of [the book Black Quantum Futurism Theory & Practice] out right now that everyone can go and check out. We have a community space [Community Futures Lab] here in North Philly where we have interns that come and work. We've had people do residencies with us on a short term. We've traveled the world talking about these concepts. We just came back from Berlin giving workshops, talks, and performances on Black Quantum Futurism. We're here.
When Rasheedah started her blog, [The Afrofuturist Affair] on Tumblr [in 2011], I had never run into anything that was an Afrofuturist event or a workshop about Afrofuturism. Around that time, Tumblr was really popping. A lot of people that were just starting out on Tumblr [back then], I see them now being in the forefront of things, whether they are artists or activists. I want to move towards the people, and I see that the people are offline. I think that it's a privilege to be online. It's a privilege to be able to continue to tweet things all day to build up your followers. That's a privilege that takes money.
I do these durational performances. I did one called "14 Hours," which is a 14-hour performance to [protest] domestic violence and sexual assault. There's so many women in prison because they protected themselves from some abusive relationship. The next performance that I did was "The Resurrection of Potter's Fields." In the 1700s, 1800s, early even 1900s, there were fields of unmarked gravespeople that couldn't afford burialall different types of what they would call the "Negro Fields." So my durational piece was [an attempt] to resurrect those graves and return them back to their homeland. There's a tradition of people wanting to be buried where they're from, by their families and with their families. The good thing that came about that was in PhiladelphiaI don't know who was talking to whothey created a marker, just a few days ago, for the potter's fields here.
[For Moogfest, I'm going to be doing] a piece in the energy and tradition of what I've been doing. I'll be doing workshops too with Black Quantum Futurism, Metropolarity, and the S1 Library from Portland. I'll be doing a little bit of everything. [We're looking] at the underlying connections that hold us captive in literal and virtual prisons and through the Black Quantum Future lens, [breaking down] the linear dreams that have been etched in our psyche, the message that we are running out of time and toward a chaotic end.
It's interesting how communities all over the world are understanding how important it is to move [away] from social constructs. One model that you read in some book, or some person was talking about on Facebook, may not be the model for you. We have to take the agency to define our own thing that keeps us chill, keeps our head above water.
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Google’s Leading Futurist Predicts The Singularity’s Arrival Within 12 … – Wall Street Pit
Posted: at 11:16 am
Were going to get more neocortex, were going to be funnier, were going to be better at music. Were going to be sexier. Were really going to exemplify all the things that we value in humans to a greater degree.
Those are the exact words of well-known futurist and Director of Engineering at Google, Ray Kurzweil, in an SXSW (short for South by Southwest) interview a few days ago. He is talking about the singularity, of course. And compared with the ominous predictions of other notable personalities, Kurweils outlook seems much more appealing.
The singularity (or technological singularity) is defined as that moment when as a result of technological advances, artificial intelligence surpasses human intelligence, and establishes itself as the new super intelligence. Simply put, its that time when machines become smarter than any human.
Theres no denying that were heading towards that direction, and that were moving closer and closer towards singularity. As Kurzweil said: Its here, in part, and its going to accelerate.
While some have predicted that it will happen by 2045 2047, Kurzweil says it will happen sooner by 2029 to be exact. The question is: should we be frightened or should we be excited?
Maybe the influence of sci-fi movies has a hand in it somehow. But its hard not to be terrified of the idea that robots will one day threaten our existence. And when that fear is echoed by well-respected critical thinkers like Elon Musk, Stephen Hawking and Bill Gates, the prospect of such future becomes even more real and terrifying. Which is why Kurzweils perspective is such a welcome change.
For starters, hes saying that its unrealistic to believe science fictions version of the singularity of one or a few super AIs taking over the world. Because we dont have just one or two AIs; we have billions. And the way were interacting with AIs right now is inconsistent with the sci-fi version of the future were imagining. Specifically, Kurzweil cites patients with Parkinsons disease who have computers in their brains. Think about it the computer is there to help the patient and not take over his/her mind, right?
Thats how it all starts. And because the natural course is for technology to improve and not deteriorate, Kurzweil envisions that instead of taking over, AI will help make us smarter. They may not yet be inside our bodies but by the 2030s we will connect our neocortex, the part of our brain where we do our thinking, to the cloud, he said.
Once we have uploaded our brains to the cloud, it will supposedly allow us to spend less time on lower-level types of mental tasks, and spend more time on higher-level ones, those that have to do with creative thinking like art and music.
Ultimately it will affect everything. Were going to be able to meet the physical needs of all humans. Were going to expand our minds and exemplify these artistic qualities that we value, he adds.
AI and human intelligence, not AI versus human intelligence. It definitely sounds much better, right?.
References: Futurism, SXSW
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Futurist believes dairy has a bright future – Lancaster Farming
Posted: at 11:16 am
LANCASTER, Pa. Dr. Lowell Catlett spent an hour challenging and entertaining more than 500 dairy producers at the Pennsylvania Dairy Summit on Feb. 8. He kept the audience on the edge of their seats as he wove strings of statistics and studies into a positive story for dairying.
I believe this is the best time ever to be in agriculture, he told the group. It is the best time ever to be alive.
Catlett is a futurist and was the regents professor in agricultural economics and agricultural business and Extension economics at New Mexico State University. He was also the dean for the universitys College Of Agricultural, Consumer and Environmental Sciences.
Technology is changing how the world works, he said. Agriculture provides enough food for almost 9 billion people, something that was not thought possible back in the 1970s. Scientific breakthroughs continue to push the envelope.
Agriculture Secretary Russell Redding said 10 years ago it would have been hard to believe the production levels the state is achieving. Its brought some very real challenges. However, he said dairy farmers need to take the long view for success. We have come to the summit to move forward what to do differently to stay in this business.
You have to take the long view, Catlett reiterated. He compared different elements from the 1970s to today. His takeaway was the good old days were not as idyllic as envisioned.
He picked 1970 because it was the first time the U.S. economy hit $1 trillion in gross domestic product, one-fourth of the world economy. The United Kingdom was second. Global agriculture could not provide enough for every person to have 2,450 calories daily. A U.S. consumer spent 20 percent of their annual income on food and only ate away from home once a week. The world spent 60 percent to eat.
In 2014, the United States is still the leading global economy. The population doubled since the 70s, and there is a new economic power in the global marketplace.
Now, we produce 3,200 calories for every man, woman and child in the world, Catlett said, exceeding what the average person needs. Worries abound on how to feed nine billion in the future. The overwhelming question is can we feed nine billion people? Slam dunk, already done thank you American agriculture.
American families spend less on food today. You, because of your energy and efficiency, gave back the American people 10 percent of their income. and what did they do with it? They got weird.
Technology helped to push the needle. If farmers had not advanced, it would take an arable land mass the size of the United States, China and Canada combined to provide the same level of food.
The second largest economy today is China. The fastest growing economies are India and Vietnam, Catlett said. Abject poverty recorded the fastest drop in history, he shared. There are still too many, but its the fastest drop in recorded history and the trend continues to drop.
As economic conditions improve, peoples perceptions change. The luxury of one generation because a necessity of the next, he said. For example, previous generations considered a mobile phone as a luxury, today they are considered a necessity. Once you go up, you dont ever want to go down.
The needle is moving from substance to values of love and then acceptance. What the first thing we do at love and acceptance, we get pets, he said. Chinas pet population has exploded as the economy has improved. As those countries emerge and their economies improve, the first thing they change is their diets, he said. They begin to seek more meat-based protein. If the population trends hold, the world will have to double meat-based protein production.
It will not be done in pastoral agriculture, he said. It will be done by intensive animal operations. The efficiencies of input to output are better, and the physical health of the animal is far superior and the impact to the environment is far less.
Dairy producers cant forget they are also a part of the beef industry One out of every five pounds of beef is dairy. Dont tell me you are not in the beef business, he said. Beef demand could influence dairy breeding in the future as dairy cattle might have to return to a dual purpose.
Dairy farmers will have to think globally and locally. Catlett said there is a shortage of hops in the United States. Why? Its the craft beer industry. Artisan cheeses, buy local, organic and other unique enterprises are finding an opportunity.
We can feed a hungry world. And, (if) we can feed this beast, they have a lot of money, he said.
Technologys driving more than an agricultural revolution, its changing how people live their lives. Things are going SMACC. Everything is going to be social, mobile, analytics, cloud and cognition, he said. Things are now talking to things. That technology can be found in dairies to control the barn climate.
Presently, 99.9% of all things in the United States do not talk to each other. Get ready folks, theyre going to start talking to each other, he said.
Get ready for a revolution in agriculture folks, he said. You will own this new world, because it will be totally connected. Lowell Catlett
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10 Facts to Know About the Stock Market Crash of 1929 – Lombardi Letter
Posted: March 19, 2017 at 4:58 pm
Here Are the Top Ten Stock Market Crash of 1929 Facts 1. It Could Happen Again
The first fact to know about the stock market crash of 1929 is that a similar crash could happen again in 2017.
The second fact is that a similar crash today could cause aneconomic collapse worldwide. The 1929 crash happened when the world was less interconnected. It affected mostly the United States and Europe. The next one will be more inclusive.
The Great Depression of the 1930s is the name given to the great economic downturn in the heart of Western capitalist economies following the 1929 crisis. Before breaking down this key historical event in a series of facts, a stock market crash of 1929 summary is necessary.
The 1929 crisis happened so quickly that panic was societys first response. Some historians have gone asfar as describing it as a psychological crisis, even more than an economic one. No doubt, the fact that so few had expected the Crash of 1929 showed that American capitalism suffered from the disease of excessive optimism and even self-reference.
The latter point, the self-reference, refers to the tendency of many American investors in the 1920s to ignore what was happening in Europe. That failure to readclear signals accounted for the shock. Nevertheless, the stock market crash of 1929 was a process that lasted a week and three disastrous sessions that began on October 24, culminating on Tuesday, October 29.
The third fact to know about the 1929 crash is that it was not a single-day event. The crash began on Thursday, October 24so-called Black Thursday. There was a collapse of the market as stocks lost some 13% of their value. The shock factor was considerable, given that the Dow Jones Industrial Average (DJIA) hit a record high barely a month earlier on September 3.
Following five years of bullish excess, during which the DJIA increased fivefold and reached a peak of 381.17 on September 3, 1929,the value started to fall. The DJIA started losing its gains during an initial and gradual drop. Stocks entered a yo-yo phase, recovering over half their loss, only to drop again.
The decline went into a full tailspin on Black Thursday. Some 12.9 million shares were sold that day. The banks were bamboozled. They reacted just like a hurried driver who ignores the water temperature gauge as it moves toward the red end. Instead of stopping to check if a fan belt has broken, she/he drives on, hoping the problem fixes itself.
Similarly, the banks were relying on the market to fix itself. Thus, they bought more, achieving a recovery. Black Thursday ended with a 2.1% losswhich seemed positively bullish compared to the 13% lost in the first part of the day. On October 25, the markets were quiet. It was that deceitful kind of calm that precedes the worst storms.
That storm would cause the Big Crash on Monday, October 28, and completed its path of destruction on Tuesday, October 29the famous Black Tuesday. On that day, over 16 million shares were sold. The market lost $14.0 billion worth of value. But, during the week that started on Black Thursday, the total loss was $30.0 billion.
That was over ten times the annual budget of the U.S. federal government, far more than the same spent during World War 1. (Burns, Ric, James Sanders, Lisa Ades, Steve Rivo, Marilyn Ness, David Ogden Stiers, Buddy Squires, Allen Moore, Brian Keane, and Charlie Rose. 2010. New York: A Documentary Film. [United States]: PBS Home Video.)
As we start to examine what caused the Crash of 1929, World War 1is one of the main causes. This is not to suggest the war itself, which left devastation and millions dead. Rather, how the Great War set up the markets for the euphoria of the 1920s, the Crash of 1929, and the wake-up call of the Depression in the 1930s.
World War 1 is the most important of the stock market crash of 1929 causes. The crash occurred as a result of the lopsided development between the U.S. and European economies, and other countries of the world in the decade 1919-1928. Europe was busy reconstructing amid massive social and political changes, marked by instability and the collapse of empires and monarchies.
While the First World War had destroyed the European industrial powers, it created a unique opportunity for the United States not only to intervene in the conflict militarily and politically,but more than anything else, it allowed the U.S. to exploit its huge economic and financial power, already established between the second half of the nineteenth and early twentieth century.
As Europe was strugglingwhile Russia became the Soviet Union, essentially dropping out of the market altogethergrowth was stagnant. America was growing rapidly but there was no corresponding expansion of the world market. Thus, the 1920s, the roaring twenties, were marked by the dominance of the Republican Party at its peak free market moment.
The government kept public spending at a minimum while favoring the emergence of large corporations and the accumulation of private wealth. There was no social assistance in the sense that we understand it today. It was as free a market as there ever was in the 20thcentury.
To get an idea of the spirit of the age and the colossal inequality that existed between the poor and the rich, watch any Charlie Chaplin movie from that period. Moviessuch as The Kidor Gold Rushdepict the socio-economic context that produced the Great Crash. Or read The Great Gatsbyby F. Scott Fitzgerald. It was in the 1920s, even more than in the post-Crash years of the Great Depression, that the wage gap widened.
Corporate profits increased but wages stagnated. The rich became richer and the upper middle classes were blinded by optimism in the markets and the prospect of unlimited wealth. This was fueled by the idea that wealth did not have to come from work. It could be achieved at the New York Stock Exchange (NYSE).
Thus, the ruling market sentiment of the 1920s was nothing short of euphoria. The NYSE set successive records fueled by speculative transactions and the prospect of easy money. The most fashionable financial practice of the age was investing on creditand buying goods on installments. Euphoria proved costly.
This should sound familiar. Does the 2007-2008 crisis sound familiar? Does the 2016-2017 rally come to mind? The result was that the real economy became ever more detached from Wall Street and the speculation that ruled it. The Dow Jones rallies of most of the 1920s decade represented the spread of a wafer economy, increasingly disconnected from the real one.
Stock values rose without any logic, driving up companies capitalizations, independently from their industrial or business reality. Simply put, the economy had a weak foundation. Meanwhile, reflecting the financial euphoria, mass production produced too many goods for the American market.
The assembly line. Innovations in the system of production led the U.S. economy to grow at a very brisk pace throughout the 1920s. In 1913, just before the start of World War 1, Henry Ford invented the assembly line. That was one of the most disruptive economic developments in history. It allowed for unprecedented increases in productivity.
The assembly line meant a sharp reduction in the number of employees in factories. Technological innovations, then as now, forced companies to rationalize. Meanwhile, those who could, rose to the middle class. The number of service sector, advertising, or marketing jobs emerged, fueling the rise of a new middle-classsusceptible to the market euphoria of the age.
U.S. private banks financed the post-war recovery in Europe, while in turn, the old continent, with imports of goods, financed industrial development and the flourishing of the U.S. market. The same went for agricultural production. There was too much of it and not enough markets. Europe, for its part, was too poor to absorb the excess production.
Even almost a century ago, the economies of Europe and the United States were financially interdependent. But just as in 2007-2008, in 1928, the system started to show the first cracks. In addition to the increasingly unequal distribution of income, inflation increased and the emerging new middle class lost its purchasing power.
That meant all that over-abundance of goods was left occupying space on warehouses and factories, unsold. At the same time, the major investment banks were using up their funds to bankroll European consumption, in hopes of fueling the economy.
The stock market crash in New York and the subsequent Depression was the first crisis of the capitalist globalization of goods and capital, that Karl Marx predicted a few decades earlier. But the crisis offered the United States an opportunity to rethink its model of society. The country was forced to rebuild an economic, political, and financial base that was more inclusive of social rights.
It left the United States in a better position to face future crashes. Indeed, the 2008 financial crash has had deeper effects than the 1929 crash. But the latters levels of abject poverty were not repeated.
Its effects went deep. They should be included as one of the causes of the Second World War. It also helped generate a certain sympathy from prominent European and U.S. intellectuals to Soviet Russia, which remained largely immune from the crisis.
Certainly, the Crash and the Depression helped bring Hitler to power. Germany was one of the countries that suffered most from U.S. economic events during the Depression. Politically, the 1929 Crash had deep effects. After years of Republican dominance under presidents Calvin Coolidge and Herbert Hoover, the Democratic Franklin Delano Roosevelt entered the White House in 1933.
The Republicans lost credibility, unable as they were to lead the U.S., causinga climate of deep uncertainty. The situation remained very serious at least until 1932, when some 75% of Americans were said to be suffering from hunger. The real turning point, in terms of trust and hope was Franklin Delano Roosevelt, who ushered a new economic and social policy which was called the New Deal.
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10 Facts to Know About the Stock Market Crash of 1929 - Lombardi Letter
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Statement of IGAD Council of Ministers’ consultation on the current situation in the region – Reliefweb
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A Consultative Meeting of IGAD Council of Ministers was held on 17 March 20017 at the African Union Headquarters. The meeting was chaired by H.E. Dr. Workneh Gebeyehu, Minister of Foreign Affairs of the Federal Democratic Republic of Ethiopia and Chairperson of the IGAD Council of Ministers.
Members of the IGAD Council of Ministers in attendance were H.E. Mohamoud Ali Youssouf, Minister of Foreign Affairs of the Republic of Djibouti, H.E. Abdisalam Hadji Omar Minister of Foreign Affairs of the Republic of Somalia, H.E. Prof. Ibrahim, Ghandour Minister of Foreign Affairs of the Republic of Sudan and Hon. Sam Kutesa, Minister of Foreign Affairs of the Republic of Uganda and Dr. Amb. Monica Juma, Principal Secretary of Ministry of Foreign Affairs of the Republic of Kenya. The meeting was also attended by the IGAD Executive Secretary Amb(Eng.) Mahboub Maalim. The key items on the meetings agenda were: the dire humanitarian situation in the IGAD region due to drought emergencies and cases of famine as well as regional peace and security issues particularly developments in Somalia and South Sudan. On humanitarian issues, the meeting expressed serious concerns about drought emergencies and cases of famine currently affecting well over 20 million people. It also acknowledged the likelihood of further deterioration of the situation due to low rainfall forecasts for the coming months that will lead to further collapse of agricultural production. In this regard, the Council called for enhanced support by the international community to complement efforts at national and regional level. On South Sudan, the Council noted with serious concern the lack of progress in the implementation of the Agreement on the Resolution of Conflict in South Sudan (ARCSS) of August 2015 as well as the continued violence across the country. The Council further noted with serious concern the humanitarian catastrophe unfolding in the country resulting from high-levels of insecurity coupled with serious limitations of access by humanitarian agencies to the affected population. The Council was unanimous in its support to the national dialogue process that was initiated by the Transitional Government of National Unity (TGoNU). The Council called upon the TGoNU to ensure that the national dialogue is allinclusive. The Council further called upon the parties to the conflict to agree on cessation of hostilities to pave way for a speedy implementation of ARCSS. The Council underlined the importance of expeditious deployment of the Regional Protection Force (RPF) and requested the TGoNU to complete the facilitation required for deployment. The Council also emphasized the need for strong international support to the deployment. The Council further reaffirmed that it pursues a common and unified position on regional matters related to peace, security and humanitarian affairs particularly on the current situation in South Sudan and accords highest priority to address all outstanding issues in unison. On Somalia, the Council lauded the successful conduct of general elections as a milestone achievement. The Council underlined the critical need for continued support to AMISOM and advised against any decrease in support from the international community, which will have a direct bearing on the security situation in the country. The Council also emphasized the need to strengthen the Somali security apparatus as a sustainable solution to the security of Somalia. The Council recalled the pledges made in Brussels and Istanbul conferences on Somalia and appealed to those concerned to honor their pledges. The Council further called for support from the international community to invest in infrastructural development towards socio-economic recovery. The Council agreed to adopt a common position in anticipation of the London Somalia Conference in May 2017. The Council reiterated the leading role that IGAD has played and continued to play in bringing about peace and security in South Sudan in collaboration with partners particularly with the AU and the UN. The Council also reflected on regional issues of migration and refugees as well as security and humanitarian issues in South Sudan and Somalia in anticipation of the 23 March 2017 briefing to the United Nations Security Council on South Sudan as well as the 25 March 2017 IGAD Summit on Somali Refugees. The IGAD Executive Secretary suggested to the Council to convene a Summit of IGAD Heads of State and Government on the IGAD resilience agenda in June 2017 to showcase what the region has been able to achieve particularly through sustained investments in building resilience in the borderlands.
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2018 election: The last chance or lost chance – New Zimbabwe.com
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ARE you angry that you dont have a job and access to services? Are you angry that poverty and suffering have become the order of the day? Are you angry that you seek your governments audience and none is coming?
This communique my fellow youths, recommends the serious interrogation and critical rethinking of structures, processes and mechanics of engagement regardless of our gender, religion, political persuasions in the Zimbabwean policy formulation and implementation landscape. Zimbabwe is ONE and we are ONE, so admittedly, the 2018 election is a watershed election for Zimbabwe.
Whatever the outcome, a major question that needs serious interrogation is what is there in the election for the young people of Zimbabwe? There is a bigger picture that needs looking at. What does victory or defeat for the contesting political parties imply for the development or underdevelopment of Zimbabwe?
Our serious interrogation that is not closeted by partisan politics, narrow-mindedness, bankruptcy, acidity, aridity and rigidity is sought in addressing these pertinent questions. Whether we like it or not, politics is an integral part of our lives. Politics is an essential feature of human organisation and permeates through all levels of society. We might not see the maths politics creates in our everyday life for our future.
Why the Youth?
We are the future of this country and are worthy in terms of our strength in numbers.
WHO IS A YOUTH?
I wish to say that the concept of Youth is a well-known concept but its definition still remains very ambiguous given our political, intellectual and social attachments. It is often perceived, according to generations, cultures, interests and geopolitical locations. According to ZIMSTAT figures for 2013, Zimbabwe has a young age structure, with 76.5% of the countrys citizens less than 34 years of age and 35% of the population falling between ages 15-34.
The demographics of our nation show that the age group 18-35 years far surpasses the other age groups in Zimbabwe but young people are so bad at voting, yet it is our future at stake. The cohort though live under constant fear in a highly polarised environment compounded by shackles of patronage from a repressive system that shows no remorse or concern for the suffering masses at the lowest level of the strata.
However, the Zimbabwean youth represents a demographic challenge instead of a demographic dividend. The bulge is a serious issue with negative socio-economic consequences. The table below illustrates the low participation of Zimbabwean youth in the 2013 general election.
Registered Voters in 2013
A deliberate decision by the Zimbabwean youth to shape the political landscape in Zimbabwe is the answer to all our prevailing political and socio-economic problems. By the mere fact of our numbers and deliberate peer group influence, a conscious and deliberate effort by the youth of today to say no to anarchy and theft by those in power will sort out the inherent mischief in all politicians to play fair and uphold their constitutional mandate and obligation.
It is very evident that investing in the young generation of today is a way to harvest tomorrows peace, democracy, stability, security and sustainable development. We are a potential tool for change, the pillars and drivers of sustainable development. But the question is - do we know what we are worth? Do we know our rights and responsibilities? As a youth reading this, do you know what is expected of you as a citizen?
My heart crashes when I see potential put to waste and faith being misplaced. The most disgusting feeling I get is when I encounter young people who are under the impression that things are bad and we just have to get by, there is nothing we can do to alleviate our plight/situation. We cannot afford to look disenfranchised, dejected, disinterested about our future, unbeknown to some if not most of us, a lot lies at stake. Whether we blame it on the broken system - we do not seem to understand we are also a part of that very system.
The youth have been overrepresented as a nuisance, outgoing, violent, pleasure seekers, energetic and agents of change. Many narratives of the youth have painted them as a category that has no direction and in some literature they are depicted as harbingers of social disruption and anarchy. For long, youths voices have been silenced through state sanctioned political vigilantism and state sponsored terror raids. The youth are analysed in relation to HIV/AIDS and political violence and all forms of negativity.
I hereby present four sad realities to help unpack wherein lie the curse of the Zimbabwean youth to provoke and elicit a reaction among young people to register as voters, especially targeting first-time voters.
Lost Decades of Despotism (1980 2018)
Unprecedented economic performance decline for the past 37 years; Mugabe and his ZANUPF thieving crooks have ransomed this country for their personal gain, plunging the countrys economy into comatose repose. A disempowering greedy regime, the slovenly type that lives off public property and is rather preoccupied by political survival and the maximisation of gains from political office while embarking on a genocidal proclivity to silence the dissenting voices.
The water is full of typhoid and cholera, roads have more holes than Swiss cheese, graduates are selling airtime, and all the industries are gone. Heck, we don't even have any currency of our own. They have sacrificed democratic principles for personal interests and show no concern for the suffering masses at the lowest level of the strata.
Zimbabwean youths remain trapped in a cycle of political violence and economic crises that is polarising communities and rupturing relationships. To that effect, it is ever more imperative to identify the vulnerabilities upon which our plight as the youth lies and act to rectify that.
Dangerous Drug Problem
Zimbabwe is under siege from a drug culture that is spiralling out of control, destroying countless lives in its wake. By and large, the effects of poverty and unemployment caused by this ghastly pandemic threatens to give rise to a generation of violent, disinterested, languid, perpetually high and unsavoury young people concurrently unemployed and unemployable.
The delinquent practice of youths drugging themselves numb to ever deteriorating circumstances has become more of an aid to survival as if using drugs is a legitimate response to their hopeless prospects in a situation that just doesn't care. Asked about it, most young users will reply "saka manga muchida kuti tiswere tichiitei?" meaning "What do you expect us to spend the whole day doing?"
Drug addiction is the worst pitfall one can succumb to, especially in Zimbabwe where rehabilitation centres where people can get help are non-existent. Luckily, for the out of touch shefs, they can afford to keep their children out of these destructive exigencies by shipping them abroad meanwhile oblivious that thousands of the poor are silently being ravaged by the drug abuse pandemic.
Patronage and Corruption
As the Mozambican president, Jacinto Nyusi once pointed out, African Heads of State have, by and large, institutionalized states with at least two classes of citizens; the first class being those citizens who also happen to be members of the ruling party and the rest who chose other associations different from the ruling party having a de facto status of second-class citizens.
Zimbabwe is a classic example where decisions concerning young people are derivative of the attitudes and wishes of the older generation. Patronage and corruption are at the highest point now and fast becoming the norm rather than the exception. They have become the albatross slung around our necks while our government officials are busy enriching themselves, forming parasitical networks of economic cartels and protgs corruptly feeding off the nations resources.
For how long can we afford ourselves the sad luxury of relegating ourselves to second class citizens who survive on the crumbs thrown at us by a greedy, unscrupulous, deceitful, and ruthless political leadership?
Our plight is not helped either by the rampant nepotism manifesting in every sector of the country. Zimbabwe has become a harbinger of escalating human insecurity due to its indulgence in gross impunity and marginalization of its own citizens. Herein lies the critical nexus between human development and human security that has mostly affected the youth population both from rural peripheries and urban metropolis who are the window of hope for the continent.
The sad reality is that the youth have no control over that; we are powerless, have been dis-empowered by the aggregation of national politics that have relegated us to the murky waters of isolation and disillusionment as the system continues its roller-coaster endeavours and machinations to defend its otherwise questioned legitimacy and authority. This is just about the right time that we wake up and smell the coffee and figure out how to reject unorthodox means of participation that supports the elite and negate a significant constituency to the dustbin.
95% unemployment coupled with 75% Youth Dependency ratio
Thousands of tertiary graduates are currently glorified educated loafers and beggars while the government is busy shutting out any meaningful and gainful employment opportunities. When we compromise and start vending, restrictive policies are put in place. It is a clear sign this government has a deliberate agenda to impoverish and pauperize us.
While our learning institutions are good and produce a learned society, they dont produce a balanced educated community to project their future in a world of diverse cultures. Normally a sound education is a passport to a better life. The current system is out of touch with the needs of young people, as evidenced by an unemployment rate that has plummeted to above 95%, placing youth, especially women at a major disadvantage at all levels of society.
Should we sit down and let them turn us into poor, naked, hungry, sick mongrels in our own country? Millions of young Zimbabweans have no hope for the future and nothing specific to do today and tomorrow when they wake up. Faced with the paradoxical situation of educated but jobless youth population, we need to look ourselves in the mirror and seriously interrogate the non-availability or hence the disappearance of the promised 2.2 million jobs.
The mantra of hunger and unemployment is posing one of the most turbulent distractions to mainstream global issues. This is a common yet under reported occurrence mostly because it only involves poor young people whose voices are easy to ignore and whose lives are at risk anyway to the incessant exigencies of being poor.
There are various reasons - our upbringing. Since kindergarten we are taught to focus on our schooling right, pass our exams, find a job, get married, have children, and work until we drop dead with fatigue. Our brains are trained to follow this path and thus we are conditioned into process driven creatures.
HIV Prevalence
As if unemployment is not enough, the demographic dividend realisation is further hampered by a rise in numerous sexual and reproductive health challenges that young people are facing. It is understandable that a healthy transition to adulthood lays the groundwork for a healthy adult population, a factor that is so critical to realising the demographic dividend. Healthy people are more productive, bringing greater resources and income to families and higher levels of economic growth for nations.
Although Zimbabwe has really succeeded in making sure that young people and everyone else who is HIV positive lives positively and indeed many are now leading productive lives, the prevalence of HIV among young people is still worrisome. Sub-Saharan Africa is the epicentre of HIV/AIDS epidemic in the world 24million.
In 2016, roughly 31 million people were living with HIV, accounting for nearly 70 percent of the global total. In the same year, the region recorded an estimated 1.6 million new HIV infections and 1.2 million AIDS-related deaths. Zimbabwe currently accounts for 1,4 million people living with HIV and 744,000 are on Antiretroviral treatment. Young people are the worst affected.
Is there hope for this country?
With the above-mentioned scenarios, its suffice for the Zimbabwean youth to put the foregone into a more localised and personalised context and evaluate your personal situations as we approach the 2018 elections. Since the unpacked scenarios show a youth population under siege, it is high time we do some serious soul-searching and ask ourselves what we can do as young people to rise above this and establish our own values, values that are in line with a future we want to see?
Given the foregone, yes if the youth are involved in the democratic processes for the country. The above scenarios can only change for the better if the youth can define a template for leaders to come; leaders who respect the electorate such that when elected they become servants of the people who elected them into office leaders who endeavour to deliver the political, social and economic goods for the present and future generations.
It is true that some of the damage done is irrevocable but still the system is fixable. Yes, together we can weather the storm as powerful and diabolic as the current system that has left a trail of death and destruction. The crisis in Zimbabwe has virtually affected all the sectors in the country that is the economic, social and political sectors. We the youth of today are perfectly capable of addressing these challenges, but lack enthusiasm. History is going to judge us harshly if we continue to turn a blind eye to this very precarious situation.
All that is necessary for evil to prevail is that we stand aside and do nothing about it. We always cry not for what we would have done but more for what we would not have done. Oftentimes, we might feel frustrated and hopeless but this is not the time. Nobody liberates themselves by their own efforts alone, and neither are they liberated by others. If we want to challenge the current unequal power structures, we need to be conscious about our own role as youth and doubly as citizens, we need to be able to analyse political realities and articulate our collective vision for the future we want.
It is our patriotic and democratic duty to take measures that limit democratic erosion/breakdown and whimsical arbitrary manipulation of power from tyrannical and coercive domination that promotes individual interests at the expense of broader societal economic and socio-political goods.
What we need is a unity of purpose be it students, preachers, vendors, vendors, touts/mahwindi whether Ndebele, Shona, Tonga, Venda, black or white we are in this together. I hereby make a call to bridge gaps between all forms of classes and discrimination existing among young Zimbabweans across the breath and length of the country so that no one is left out of the democratic revolution to reclaim our nation.
The power to positively promote, express or influence the course of the election as individuals and as a collective engagement of people lies within our grasp. There are some things that are not for sale, because they are priceless; one of them is exercising your democratic right. YES, we are in this together to make Zimbabwe a better place for you and me. A Zimbabwe founded on the principles of the supremacy of the Constitution, fundamental human rights and freedoms, and recognition of the inherent dignity and worthy of each human being.
Let us rescue our dreams and Zimbabwe from total collapse come 2018 watershed election. Rigging is only possible where people stay away from polling stations. In other words, to decide not to vote constitutes RIGGING. The power of change is in our hands, THE TIME IS NOW: YOUR VOTE IS YOUR VOICE: GO AND REGISTER TO VOTE.
The time for the Zimbabwean youth has come to stand tall and be counted for mother Zimbabwe expects us to rescue her. Who am I and who are you to abscond when democratic duty calls? That twinkle in your eye or that passion you once had about your potential and your future must come back as we reclaim and exercise our democratic space as the Zimbabwean youth in our country.
You and I are responsible for that. I reiterate that it is impossible for Zimbabwe to create a modern democracy side by side with a thriving economy without your participation as a Zimbabwean. I have the faith because far beyond my imagination lie my dreams. There is so much to be done and I truly believe that the good young men and women amongst us with honourable intentions will prevail and that our beautiful Zimbabwe will recover.
We have come a long way and our prospects are in disarray but we must remember that in any country, youth represent the future. The youth of Zimbabwe, united in the name of developing our country and the safeguarding of a brighter tomorrow can revolutionise Zimbabwe. It does not matter who you are or which political opinion you hold in as long as you are Zimbabwean, we are in this together, to make this country a better place for us to be, together we can do it.
This might seem an insurmountable task of rather unconquerable Goliath proportions but my message is simple: Take responsibility: Register to Vote, Go out to Vote on Ballot day and DEFEND YOUR VOTE after Voting. There is a proverb that says you cant clap with one hand. To clap, you have to bring both of your hands together. In essence, what it therefore means is that together we can be the change we want to see in Zimbabwe.
One cannot ask others to sacrifice if he/she is not ready to do so themselves. Let us use our past and present challenges as an inspiration, rather than a handicap. We are all foot soldiers, one struggle-many fronts. Let us save our country, save ourselves and build our future starting today. The onus is on me, the onus is on you, the onus is on us. What can unite us as Zimbabweans more than anything is our love for this country and non-violent direct confrontation. We are all foot soldiers: one struggle many fronts.
I call on Zimbabwes young people who are so bright, sharp with magnificent analytical minds to show that despite the limitations and shrinkage of democratic space, it is high time that we, as young people, captured the moment to be much more responsible and accountable. The social media is a powerful and just weapon, which cuts without wounding. We need to start reconnecting in different spheres and platforms both online and offline to share information around us and seriously begin organising ourselves towards our commonalities as a cohort.
We cannot rely on the benevolence of those in power; we need to take power through the constitutional and legal framework. And it is about time! The Zimbabwean youth is angry and hurting. Their socio-political, economic and moral standing is weak because of injustices and exclusion done to us. My voice is in, for far beyond imagination lie my dreams.
Be your brothers/sisters keeper and spread the message to Register to Vote, Go out to Vote on Ballot day and DEFEND YOUR VOTE after Voting. The democratic process is a cause which we must all commit to because the cost of indifference is just too much. I am Proudly Zimbabwean. I am angry and hurting too, I am young and I want to live! Zimbabwe deserves better.
Lastly, if you are not enraged then you haven't been paying attention!!!
Alfred Towo writes in his personal capacity. He is a freelance journalist and Zimbabwean youth. Can be contacted at the following email address aliphytowo@gmail.com or 0775265509
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2018 election: The last chance or lost chance - New Zimbabwe.com
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