middle class

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Price Cuts Ruin Zimbabwe's Economy
Price Cuts Ruin Zimbabwe's Economy

Price Cuts Ruin Zimbabwe's Economy

Mugabe's radical 'solution' to spiraling inflation backfires

(Newser) - A radical attempt to curb Zimbabwe's hyper-inflation by cutting prices up to 50% has backfired on President Robert Mugabe's government, which is now teetering on the brink of collapse, the New York Times reports. Store shelves are empty; bread, sugar, and cornmeal, the staples of Zimbabwean's diet, are depleted.

Wine Buzz Grows, Beer Flattens
Wine Buzz Grows, Beer Flattens

Wine Buzz Grows, Beer Flattens

The beer class is finally embracing the grape, Slate says

(Newser) - The American middle class has become connoisseurs of everything—coffee, '80s Japanese garage-rock bands, environmentalist toilet paper, and now wine, writes Slate's Field Maloney. Fermented grape juice doubled its audience in the past decade, while consumption of lower-brow beer stagnated. And for the first time in history, Americans pollees prefer...

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