The Sri Lanka paradise I have known is now a bankrupt island

The Sri Lanka paradise I have known is now a bankrupt island

My family can barely make ends meet amid runaway inflation and shortages of foodstuffs. No wonder Sri Lanka has kicked out a corrupt ruling clan. Protesters take over the office of Sri Lankan Prime Minister Ranil Wickremesinghe, demanding he resign, Colombo, Sri...

News Decoder correspondent Feizal Samath provides an on-the-ground glimpse of life in Sri Lanka following months of inflation, essential shortages and protests that led to the ouster of the president and the ruling clan. Samath gives context to a situation that many outside of the region ignored until images of protestors storming the presidential palace flooded the media. By painting a picture of his own challenges in procuring fuel and everyday foods, Samath puts readers in the shoes of those whose lives have been disrupted by turmoil. 

Exercise: Ask students to imagine a part of the world different from their own and write a first-person narrative of what life looks like for a teenager there. How do the political and economic realities impact their family, their schools or their daily routines?

Decoder: Crypto currencies, good or bad, are here to stay

Decoder: Crypto currencies, good or bad, are here to stay

They can fluctuate wildly in value. They can be hard to spend. They devour energy. But crypto currencies are here to stay and will surely bring changes. Photo by STRF/STAR MAX/IPx 2021 1/21/21, courtesy of AP Photos In the past few weeks, an iconic Los Angeles sports...

News Decoder is committed to explaining, in simple terms, complicated stories that appear over and over on front pages and in news broadcasts. For lack of time, money and space, most mainstream news organizations don’t take the trouble to explain the background to complicated issues and assume readers and viewers understand why the story matters. How many of us say to ourselves when running across a story on crypto currencies: “I need to educate myself about these things because they are not going away.” In his decoder, Stuart Grudgings explains how crypto currencies emerged, how they work and why they are with us to stay.

Exercise: Ask students to debate whether crypto currencies will eventually replace traditional money.

Tag: finance