Kenya’s president has approved a “popular but unwise” cap on bank lending rates — Quartz

Kenyan president Uhuru Kenyatta has signed into law a cap on commercial lending rates that economists, banking insiders, and other government officials say will only hurt the country. The law caps commercial bank lending at 4 percentage points above the central bank’s benchmark rate, which is currently 10.5%. “I have consulted widely and it is…

via Kenya’s president has approved a “popular but unwise” cap on bank lending rates — Quartz

Why Italy is so Prone to Earthquakes — TIME

At least 73 people have been confirmed dead and 150 are missing following a 6.2 magnitude earthquake which struck central Italy in the early hours of Wednesday morning. But although the heartbreaking photos of homeless families and individuals searching for lost loved ones may suggest otherwise, Italy suffers frequent lethal earthquakes. “It’s roughly of the…

via Why Italy is so Prone to Earthquakes — TIME

The big winner of the Rio Olympics: Coca-Cola — Quartz

Coca-Cola, the longest continuous sponsor of the Olympics, has learned a thing or two about how to make its commercials stand out. And those lessons paid off in Rio. The Atlanta, Georgia-based beverage brand aired the best performing TV ads among US viewers during the 2016 summer games, a study by Google showed. Google used…

via The big winner of the Rio Olympics: Coca-Cola — Quartz

WHO is stepping in to ease a food and health crisis in Nigeria’s camps for Boko Haram victims — Quartz

Over the past year, Nigeria has made gains in the fight against Boko Haram, regaining territory and rescuing abducted citizens. But evidence of the terrorist group’s ruthless reign in the country’s northeast remains. Camps for displaced people who fled their homes in fear of being killed are overpopulated and lacking in amenities and food. Last…

via WHO is stepping in to ease a food and health crisis in Nigeria’s camps for Boko Haram victims — Quartz

Young Nigerians helped president Buhari into office. His failings may cause us to skip the next election — Quartz

Lagos, Nigeria In the days leading up to Nigeria’s presidential elections in March 2015, I realized I wouldn’t be able to vote. No thanks to the National Electoral Commission’s rules on the newly introduced permanent voters card (PVC), I’d have needed to go vote in the same local government where I had registered for the…

via Young Nigerians helped president Buhari into office. His failings may cause us to skip the next election — Quartz

A Day at the Beach: The Photographs That Moved Them Most — TIME

Beach day is more than an activity; it’s an event, a summer tradition. From the era of layered Victorian bathing suit to today’s bikini and speedo days, the timeless weekend activity continues to entice outdoor lovers to kick off their heels and ditch the suit and tie for some prime sand time. And for photographers,…

via A Day at the Beach: The Photographs That Moved Them Most — TIME

The Rio Olympics refugee team finally has its own flag, and an anthem — Quartz

When they were selected to compete in the Rio 2016 Olympics, the competition’s first-ever refugee team had neither flag nor anthem. So the International Olympic Committee (IOC) lent them both, as it did for several independent athletes: At the opening ceremonies, they marched under the Olympic flag. The Olympic anthem would be played for their…

via The Rio Olympics refugee team finally has its own flag, and an anthem — Quartz