Gaza’s economy ‘on verge of collapse’ as jobless rate hits highest in world

World Bank warns that coastal enclave faces crisis after Israeli blockades, war and poor governance have left 43% of people out of work

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The economy of Gaza – assailed by war, poor governance and a joint Israeli-Egyptian blockade – has reached the “verge of collapse” with unemployment in the coastal strip now the highest in the world.

The bleak picture is presented in a devastating report by the World Bank, released on Friday, which said that Gaza’s economy had been strangled by years of blockades, war and poor governance and faces a dangerous crisis over its ability to meet wages and other spending requirements.

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Ronaldinho Hauled off Before Half-Time in Mexico, Exits Stadium Before Game Ends

When we talk about Ronaldinho, it is usually to celebrate a golazo or some great piece of skill, but not this time. 

On Thursday night, the Brazilian legend was taken off before half-time for Queretaro FC with the team losing 2-0 to Pachuca and down to 10 men.

Ronaldinho was clearly not happy, as he headed straight for the tunnel. 

He was then seen leaving the stadium before the end of the game. 

It is sad to see something like that happen to such a great player, but as a reminder of his genius, he also posted a Throwback Thursday video of himself doing 44 keepy uppies while blindfolded. 

That’s the Ronaldinho we all know and love. 

[H/T 101 Great Goals]

5/22 CBS2 Thursday Evening Weather Headlines

By Giorgio Panetta,
CBS2 Chief Meteorologist/Weather Producer

Good morning all,

Most, if not all, of the rain last night is gone. Perhaps the East End is experiencing a few showers, but that’s about it.

Skies will clear nicely this morning and give way to brilliant sunshine. Milder temps are expected too.

A weak cold front swings through this afternoon followed by another one overnight. Today’s high: 75°

Saturday, after that front passes, will be around 70 degrees. Sunday is even warmer at near 80°.

(Credit: CBS2)

(Credit: CBS2)

Check back in soon for the latest on Memorial Day.

(Credit: CBS2)

(Credit: CBS2)

–G

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Stampd Releases New Apparel and Accessories for Summer

L.A.-based Stampd, known for their cutting-edge contemporary accessories and apparel, have returned with a new set of offerings for the summer. The goods include a button-down shirt with a calf hair print lining the chest pocket, mid-length cotton chino shorts, a twill hat with Italian napa sheep leather brim and mesh overlay, and two calfskin leather bookmarks with tonal stitching, featuring either “Los Angeles” or “New York” on the front, reiterating how Stampd continues to draw inspiration from West and East coast cultures.

BUY  NOW / $23+

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Real-time sonic boom display moves closer to cockpit integration

NASA’s initial depiction of sonic boom footprint integrated with real-time, local-area moving map

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The Concorde may be just a memory, but some aircraft manufacturers still see supersonic aircraft as the future of civilian aviation. To allow for widespread supersonic flight over populated areas without shattering windows and frightening chickens, electronics firm Rockwell Collins has been awarded a two-year NASA contract to develop a 3D cockpit display to help pilots of future supersonic aircraft to mitigate or eliminate sonic booms.

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Bank of Ghana pays 23.47 pct yield for 3-year bond

A man holds a Ghanaian five cedi note in AccraGhana accepted 502.1 million cedis' ($124.9 million) worth of bids on a three-year domestic bond sale and paid a yield of 23.47 percent, the central bank said on Thursday. A total of 572.89 million cedis' worth of bids were tendered for the 630 million-cedi paper, which will be used to refinance maturing debt and boost government finances, said Louis Azu, deputy director at the treasury. Ghana, which exports gold, cocoa and oil, began a three-year financial aid programme with the International Monetary Fund last month to help fix its economy, dogged by high deficits, widening public debt and a weakening currency.


Letting The Freedom Of Truth Uncover The Value Of Life

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