Word: rand
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...crack epidemic are getting out of prison--and returning to reinfect their neighborhood with violent habits hardened and reinforced in prison. "The next generation of gang homicides is going to have a different construct [from the crack epidemic]," says Jack Riley, director of the criminal-justice program at Rand Corp. His research points to returning felons as a major reason for the spike in shootings across Los Angeles. "Locals in South Central and East L.A. think it is people returning from prison and trying to re-establish their authority," he says. There are 100,000 gang members in jail...
South Africa's mining magnates and millionaires have been meeting in the imposing Rand Club in downtown Johannesburg for more than a century. The neo-Baroque building is filled with paintings of such celebrated past members as British colonizer Cecil Rhodes and the ubiquitous portrait of Queen Elizabeth II. Built on the wealth of the largest goldfield in the world and the sweat of black labor, the club's membership was, until a few years ago, closed to South Africa's blacks. But these days, there's a new breed of tycoon walking the club's wood-paneled corridors...
...that fulfill their empowerment obligations by selling stakes to "a few BEE gentlemen" are guilty of "sabotage and neglect of the transformation imperatives." South African corporations are getting the message and beginning to distribute the BEE wealth over a wider socioeconomic swath. In February, banking and insurance group First Rand finalized a $1.2 billion empowerment deal that will put 10% of the company's shares in trusts established for black staff members as well as poor rural women and mine workers...
...trouble, of course, and will continue to be sought out as their current holdings give them more influence and experience. On the other hand, South Africa is coming to realize that building a black middle class of millions would generate a lot more profit than creating a few new Rand Club members...
...country's decline. It's a trip Maseko makes almost every week, driving the 800 km from Johannesburg to Bulawayo in his blue Toyota minibus. Before setting out, he packs the van with groceries and televisions, furniture and children's toys, carefully concealing envelopes filled with South African rand so the corrupt border guards who inspect his vehicle won't confiscate the money. The cash and consumer goods are gifts from Zimbabwean expatriates in South Africa to their desperate families at home. Maseko, 32, makes roughly $700 from each trip; but for the families in Zimbabwe, where food is scarce...