From 🇪🇺: One of the three German politicians vying to lead Merkel’s CDU party became the first major European voice to link today’s mass arrests in Hong Kong with the EU-China investment deal.

#endsars #endpolicebrutality

Dear Friends,

On a rather deeper look at things, Police brutality is the topmost of the agitation but the anger and fury is deeper, bottled up for many years. An oppression our fathers have endured and the children now say No More, Enough is Enough!

In the context of the current scenario “SARS” has become a metaphor.

“SARS” in our society today represents all the inefficiencies, corruption, structural imbalances, faults and All the shenanigans of the Political class

If this present fury does not inspire an overhaul of the Nigerian system, then we may be headed for another restless round of 60 year of disastrous merry go round. This Nation needs a RESET NOW!!

It’s a good time to negotiate the fixing of this great Nation.

How long do we keep singing; Nigeria has great potentials? Let those potentials start working for good

If we must tell our selves the bitter truth as a people we urgently need to fix these;

* A drastic cut in cost of governance
* Federal Ministers shouldn’t be more than 10

* Remove the lofty attraction in public office
* Reduce the powers of the centre and decentralize reasonably
* Fix our defective constitution
* Reset the civil service
* Create regional economic/developmental competition
* Allow states to explore their resources/endowment

Happening now: President Cyril Ramaphosa has taken to the podium to deliver the #SONA2021 before a hybrid sitting.

#SONA2021 | Ramaphosa briefly commemorates the release of the late former president Nelson Mandela from the Victor Verster Prison in Cape Town in 1990.

'It was clear that freedom was tangible.'

#SONA2021 | Ramaphosa likens the country's resilience to that of the fynboos.

"We have risen time and time again from the depths of darkness to herald a new day."

#SONA2021 | Ramaphosa hails the efforts of front liners and essential workers amid the raging coronavirus pandemic. We have made mistakes but we have also stood together.

"It is a story of solidarity and compassion."

#SONA2021 | Ramaphosa: This year is about change, progress and rebirth.

Why should we be careful when talking about a “jobs bounce-back” in South Africa? - A THREAD.

You don’t get better labour market economists in South Africa than the @NIDS_CRAM team, but the main finding of an “employment bounce-back” seems counterintuitive. What’s going on? 1/n

NIDS-CRAM does NOT show a rebound to pre-COVID employment levels. They report 700,000 job lost between Feb and Oct 2020, this is massive = 3.85% fall (broad definition). The authors of the employment paper say this could be as high as 5.3% or 960,000 jobs.

The authors @joshbudlender @ihsaanbassier (+ Rocco) also show that Oct employment is normally higher than Feb employment, super roughly Oct is plausibly around 102% of Feb. This means it’s plausible 360,000 jobs would have been gained between Feb-Oct *anyway*.

This would mean - within the study parameters - it’s possible COVID has caused up to (an outer outer limit) of 1.32 million job losses when comparing Oct 2020 with what we would have expected it to be in normal times. This is a total disaster in the context of the SA economy.

This is roughly what we should expect from the StatsSA QLFS. This showed 2.2 million jobs lost in first half of 2020, and 543,000 regained in Q3, meaning a loss of just under 1.7 million jobs in first 9 months. We’d definitely expect some more jobs regained in Oct-Dec.