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In many Nigerian schools, students have computers but no internet.
At Methodist High School, we helped change that. Now, students are connected to a world of knowledge and opportunity.
But this is just one school. Thousands more are still offline.
Anthony is one of the maths teachers from Diamond Special College, Owerri Imo State.
His students won N8 million cash today and he won N2 million as well.
I’m happy that we are finally rewarding our teachers by making them millionaires.
The Monetary Authority of Singapore stepped in, shut the exchange for three days, and worked with banks to create a S$180M “lifeboat” fund.
Crisis contained. Confidence restored.
It was a messy moment that showed why strong financial oversight matters.
In 1985, Singapore’s stock market nearly collapsed after speculators used overvalued shares as collateral for loans. When prices fell, they couldn’t repay, and major stockbrokers became insolvent.
Keynesian economics:
The economy doesn’t always fix itself. When spending drops and recession hits, Keynes says government should step in boost demand, create jobs, and kick-start growth. Save during the boom, support during the slump. A jump-start for the economy.
2️⃣ They pay more for what they buy (machines, tech, finished goods).
3️⃣ This can trap them in long-term underdevelopment.
📊 Basically, selling raw materials can be a losing game if you don’t industrialize.
#Econ101#PrebischSinger#TradeTheory#GlobalEconomy
Prebisch-Singer Hypothesis Explained:
Over the long run, countries that export primary commodities (like oil, cocoa, coffee) tend to see their prices fall relative to manufactured goods. This means:
1️⃣ Developing countries earn less for what they sell.
Heterodox policy steps in when the economy needs extra muscle, using capital controls, credit direction, FX interventions, and growth-focused measures to support jobs, industries, or crisis recovery.
#MonetaryPolicy#OrthodoxVsHeterodox#EconomicsTalk#Macroeconomics