Silicon Valley Bank (SVB) collapsed on Friday, March 10, after a wave of bad news rattled investors and depositors. While SVB was not “systemically important” to the U.S. economy, it was roughly the 16th-largest bank in America, by deposits, and was at the heart of…
Durban, South Africa – South Africa remains the most economically unequal nation on Earth, that is according to a recent report from the Washington D.C. based World Bank, an international financial institution which “provides loans and grants to the governments of low-and middle-income countries.”
Both…
Durban, South Africa – Five months ago South Africa’s President, Cyril Ramaphosa, declared a national state of emergency and announced a “21 day lockdown” in order to stem the spread of the coronavirus in South Africa. The lockdown’s time frame has since been extended multiple…
Athens, Greece – While capitalism and consumerism dominate the culture of the United States of America and the Western world, community currencies are creating a buzz elsewhere. The radical need for alternative economies and community currencies is becoming more commonplace among societies across the globalized…
Athens, Greece – As the healthcare debate in the United States crescendos with both dominant political parties sparring over how best to ensure not everyone has health insurance, Unicorn Riot journalists visited Greece, where austerity measures imposed by the bailout of 2010 have ravaged the…