Inside a Failed State: Zimbabwe (Full Version)

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Zimbabwe, once one of the most prosperous nations in Africa, now has the lowest life expectancy and highest inflation rate in the world. Life has become an everyday struggle for survival. The supermarkets in Bulawayo are all empty. According to the shopkeeper, the last time they had bread was “a month ago”. Filming secretly undercover, journalist Ginny Stein captures the desperation everywhere. “There is no water. Nothing, just nothing”, laments ‘Tony’. “Children are hungry, everyone is hungry. Our government is a monster”. Even if there were things in the shops, most people couldn’t afford them. A teacher’s monthly salary now buys the equivalent of one McDonald’s family meal. Malnutrition is taking its toll on people’s health. “Up to 75% of the people coming in have diarrhea and vomiting”, states Dr Thandazani. The fear is that these problems will only get worse. In July, the government forced businesses to half their prices. Now it’s proposing to nationalize 51% of all white-owned businesses. “The economy must be in the hands of Zimbabweans”, states Ambassador Khaya Moyo. But unsurprisingly, manufacturers and retailers feel they’re being made new enemies of the state.
 

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Goldman Sachs - Power and Peril (Full Version), 4.7 out of 5 based on 3 ratings
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Goldman Sachs – Power and Peril (Full Version)

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Goldman Sachs has come under intense scrutiny following a government investigation into its practices. The firm is a powerhouse whose 34,000 employees are known as the best and the brightest. It’s unique corporate culture and its long history of success have always been the envy of its competitors … but now Goldman Sachs is fighting to maintain its reputation. The firm has been accused by some critics of misleading investors, and taken to task for accepting a government bailout when, less than a year later, it was able to reap massive profits. Some ask if its connections to the many Goldman alumni who went on to influential government positions gave it an unfair advantage in surviving the global financial crisis.

In this CNBC original documentary, correspondent David Faber reveals how Goldman Sachs benefited from some of its most controversial deals before, during and after the economic collapse. He describes how Goldman, throughout its history, has fought back from adversity with innovation and fierce competitiveness. Faber also examines the future of Goldman Sachs, asking whether the bank can maintain its dominant position atop the world of finance.

 

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Goldman Sachs - Power and Peril (Full Version), 4.7 out of 5 based on 3 ratings
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