The ECB stimulus effort comes as the Fed has shifted its 2% interest rate target to an average, meaning that it could maintain stimulus for a longer period by letting inflation run higher than the target. Both central banks have struggled to raise inflation to their goals. The ECB saw the inflation rate fall below zero in August with an annual figure of 0.2%, far from the bank’s goal of below but close to 2%. … [Read more...] about European Central Bank’s stimulus train to keep on rolling
Run training program
Buguri has started to connect with their community via conference calls. Children who did not have a phone could join their friends for a read-aloud session. Lakshmi and her team created a play Maya & Thoonga to spread awareness about COVID amongst the children in the waste-picker community. Their creative healing sessions are also now being run via calls. Each centre has a WhatsApp group to stay in touch with the children of their area. The library also started a podcast in four languages on a local radio channel called Radio Active, which helped connect with children and even parents without mobiles or internet. … [Read more...] about The story of India’s community libraries — Spurned by state, struck by lockdown
Then there is the other factor: sustainability. Delhi’s Anju Modi, who refuses to spend huge amounts on a wardrobe but has to dress up for her job as an event manager, says, “It is wasteful to buy expensive garments because you are going to wear a dress once in a while, and it would just keep lying around. But flaunting labels do add gravitas to your image. Renting seems to be a sensible idea.” She came across a small company that was leasing out second-hand couture for a fraction of cost on Facebook last year and has since been hooked. … [Read more...] about Don’t have enough dosh to spend on a Prada gown, Gucci bag or a Rolls Royce? Just rent it!