Tag

Economic Mismanagement

All articles tagged with #economic mismanagement

"Kim Jong Un Acknowledges North Korea's Serious Lack of Basic Necessities"
world-news2 years ago

"Kim Jong Un Acknowledges North Korea's Serious Lack of Basic Necessities"

North Korean leader Kim Jong Un admitted at a government meeting that the lack of basic living necessities in the country, particularly in rural areas, is a serious political issue that cannot be ignored. This rare acknowledgment comes as North Korea continues to face economic challenges and international sanctions, leading to poor living conditions for its citizens. Kim urged government officials to address the disparity in quality of life and emphasized the importance of developing the countryside.

Tragedy Strikes Zimbabwe: 6 Miners Dead, 15 Trapped in Gold Mine Collapse
world2 years ago

Tragedy Strikes Zimbabwe: 6 Miners Dead, 15 Trapped in Gold Mine Collapse

Six miners have died and 15 others are trapped underground after a gold mine collapsed in Zimbabwe. Rescue operations are underway in the town of Chegutu, known for its gold-rich mines. Mine collapses are common in Zimbabwe, often involving artisanal miners, due to economic mismanagement and corruption. The country has abundant reserves of gold, coal, diamonds, and lithium, attracting people seeking valuable deposits amidst industry closures and high unemployment rates.