Extreme poverty rises and a generation sees future slip away

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‘A huge, huge setback for the entire world’: More than 700 million people around the world live in extreme poverty. The COVID-19 pandemic could add another 100 million in India, China, Nigeria and elsewhere.

Even China, Indonesia and South Africa are expected to have more than 1 million people each fall into extreme poverty, the World Bank says.

Bethlehem benefited from the welfare of the state and the charity of those who saw in her a better future. Her mother scraped by through manual labor, vowing her girl would never do the same. Under the country’s Nobel Peace Prize-winning prime minister, Abiy Ahmed, the capital in the past two years has seen a wave of new construction, including malls and luxury apartments. And a source of national pride is a massive dam near completion on the Nile, funded completely by Ethiopia and its citizens in a bid to pull millions more from poverty.

“We might interview five to 10 people a day, and this pandemic is affecting everyone,” he said. “We are feeling this stress every day.” “Small shocks in income can have devastating effects,” World Bank senior economist Christina Wieser said. He was fired in May from a Chinese-owned company in one of the industrial parks that have sprung up in recent years as a government-backed engine of development.

Ethiopia’s revenue losses are estimated at $1.2 billion, at a time when the government needs more money to expand social safety nets, Kamara said. And some 2.5 million jobs are threatened, roughly the same number of Ethiopians who enter the workforce every year.

 

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.But some genius public health officials thought it was necessary to shut down the world for a virus that had affected about 5-10% of populations. ¯\\_(ツ)_/¯

The world is way 2 overpopulated. To the extent that wealthier nations want 2 help poorer ones, the numbers r 2 overwhelming. But no one wants 2 address the real pandemic: overpopulation. The Catholic church, & pretty much all societies r addicted 2 increasing their numbers.

A result of the global polarization of capital wealth distribution, which like a stretching rubber band is about to snap.

'Thank you', Chinese Communist Party & WHO

All China's fault.

'Don't worry the stock market is doing great.' -Republicans

Global overpopulation.

The poor have been with us since the beginning of time. It is called life

And California! Living So expensive is just ridiculous

And yet the media is not blaming China for this, why

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