Ukraine Hyperinflates

Since the New Year, Ukraine’s currency — the hryvnia — has collapsed, losing 51 percent of its value against the U.S. dollar. To put this rout into perspective, consider that the Russian ruble has only lost 8 percent against the greenback during the same period.

Like night follows day, the hryvnia’s meltdown has resulted in a surge of inflation. The last official Ukrainian year-over-year inflation rate is 28.5 percent. This rate was reported for January and is out of date. That said, the official inflation rate has consistently and massively understated Ukraine’s brutal inflation. At present, Ukraine’s implied annual inflation rate is 272 percent. This is the world’s highest inflation rate, well above Venezuela’s 127 percent rate (see the accompanying chart).

2015-02-25-UkraineInflation224v2.JPG

When inflation rates are elevated, standard economic theory and reliable empirical techniques allow us to produce accurate inflation estimates. With free market exchange-rate data (usually black-market data), the inflation rate can be calculated. Indeed, the principle of purchasing power parity (PPP), which links changes in exchange rates and changes in prices, allows for a reliable inflation estimate.

To calculate the inflation rate in Ukraine, all that is required is a rather straightforward application of a standard, time-tested economic theory (read: PPP). At present, the black-market UAH/USD exchange rate sits at 33.78. Using this figure and black-market exchange rate data that the Johns Hopkins-Cato Institute for Troubled Currencies Project has collected over the past year, I estimate Ukraine’s current annual inflation rate to be 272 percent — and its monthly inflation rate to be 64.5 percent. This rate exceeds the 50 percent per month threshold required to qualify for hyperinflation. So, if Ukraine sustains its current monthly rate of inflation for several more months, it will enter the record books as the world’s 57th hyperinflation episode.

On the "A" w/Souleo: Black Ink And The Politics Of Tattoos, Race And Gender

It took Dutchess Lattimore nearly 20 years to discover that she possessed the skills to be a tattoo artist. The star of VH1’s hit reality series, Black Ink Crew thought she would get an “easy A” in college by registering for a drawing class. Unforeseen by her, the class would inspire her to leave behind an opportunity to work in marketing, at an architecture firm, to enter the world of needles and ink. The North Carolina native finds that a lack of access to arts education in communities of color leads many to potentially miss their own calling.

2015-02-27-DutchessLattimore_CourtesyofVH1.jpg
Dutchess Lattimore/Courtesy: VH-1

“Where I am from they took all the art programs out of public schools so I had no access to knowing I was talented in that area,” she said. “It wasn’t until college that I found something I really love.”

Stories like Dutchess’ are cited as one of the main reasons there exists underrepresentation of people of color within the tattoo and body art industry. Despite the cultural popularity of tattoos in the African-American community–from athletes (J.R. Smith) and rappers (The Game) to pop stars (Rihanna)–there are few documented licensed black artists. In fact, the statistics are near impossible to find on exactly how many black artists exist in this industry. TrueArtists, which calls itself “the largest association of certified tattoo artists in the world,” does not track ethnicity on its applications. And not one of the subjects interviewed for this article could identify a professional organization that focused on artists of color.

It is this lack of exposure surrounding the story of blacks in the world of tattoos that inspired filmmaker, Artemus Jenkins to collaborate with black tattoo artist, Miya Bailey on the documentary Color Outside the Lines. The film delves into the history of black tattoo culture, addresses the obstacles faced by those seeking opportunities in the field, and looks at the artistic practice of legitimate tattoo artists vs. scratchers–untrained individuals providing cheap but often dangerous tattoo services.

“The film is about introducing everyone to a culture that is understudied and underexposed,” said Jenkins. “The challenges black people face in this business is not unlike the problems we face in the world period, largely involving constant fights for respect and equality across the board.”

2015-02-27-ImaniKBrown_Coutesyoftheartist.jpeg
Imani K. Brown

That fight becomes even more complex at the intersection of race and gender, as in the cases of Lattimore and Imani K Brown (INKPLAY), a tattoo artist and illustrator. Brown works at Washington, D.C.’s Pinz-N-Needlez Tattoo, one of the rare black-owned and operated shops in the country. In 2005, her white tattoo artist at the time said he would refuse to mentor a black woman and the discriminatory confession made Brown eager to prove her skills in a white, male-dominated industry.

“It is up to every artist to push themselves to be seen as a serious and contending artist and entrepreneur. We have to break free of stereotypes–because they do exist–and command respect as such,” she said.

As the only resident woman artist at Harlem’s Black Ink shop, Lattimore finds that she is under closer scrutiny and that people are often surprised when they see her work. “I have so many that watch me and are fascinated I am capable of doing tattoos. The men and women are watching so you have to bring your a-game.”

2015-02-27-CeasarEmanuel_CourtesyofVH1.jpg
Ceasar Emanuel/Courtesy: VH-1

While some use the internalized pressure to outperform as one source of motivation, it will not be the only solution that improves the conditions for people of color in the tattoo business. Increasingly the way forward for many–including Cesar Emanuel, owner of Black Ink–is through entrepreneurship, education, and encouraging consumers to utilize the services of black-owned and licensed businesses.

“Having a black business is difficult,” he shared. “Sometimes people don’t care about quality, just a price tag. Someone who doesn’t understand the quality or safety of tattoos will get a twenty dollar one in someone’s house rather than the two-hundred dollar tattoo. So it is a struggle to educate people. But we are getting there.”

****

The weekly column, On the “A” w/Souleo, covers the intersection of the arts, culture entertainment and philanthropy in Harlem and beyond and is written by Souleo, founder and president of event/media content production company Souleo Enterprises, LLC.

Why Peace In Ukraine Must Be Seen To Be Believed

Every week, we bring you one overlooked aspect of the stories that made news in recent days. You noticed the media forgot all about another story’s basic facts? Tweet @TheWorldPost or let us know on our Facebook page.

After months of fighting that left more than 5,000 people dead, the Ukrainian government and pro-Russian rebels agreed on Feb. 12 to a ceasefire that would bring an end to hostilities in the country’s east.

The peace deal and the talks leading up to the agreement were not the first vows to restore calm in Ukraine’s volatile east. Yet despite repeated promises on both the government and rebel side, fighting raged on.

Many fear that this time around, too, the ceasefire may be headed for defeat. “This is a glimmer of hope, no more no less,” German Chancellor Angela Merkel said in the wake of the deal.

While government troops and rebels started pulling back heavy weaponry this week — one of the conditions of the deal — fighting has continued. The Ukrainian military said on Friday that three servicemen were killed in the east and several others were injured.

To understand the muted optimism in the wake of the agreement, take a look at some of the major events in Ukraine’s past ceasefire deals in the timeline below.

The Tracks of Men's Tears

A few years ago, my family and I went to Yankee Stadium to take in a ball game. Before the game, there was a ceremony honoring Mickey Mantle on the anniversary of his death. The sell-out crowd stood for what seemed like an eternity, as highlight reels captured Mantle’s career and former teammates walked onto the field. Now, I grew up in Brooklyn, an ardent Dodger fan and an equally ardent Yankee-hater. Yet even I was moved by the tribute, and my eyes began to mist up at the heroism of that oft-injured and demon-plagued star. Around me, men’s eyes were red with tears, cheeks damp, noses sniffling. Except for my wife, who looked at me incredulously, and said, “Who says men don’t cry?”

I thought of this again, the other night, as I watched Chris Pine tear up at what had to have been the most memorably moving moment at this year’s Academy Awards broadcast. As John Legend and Common sang the Oscar-winning song, “Glory” from the film Selma, a song of such anguished despair and soaring resilience and triumph, only the most hardened of hearts could fail to be moved. And Chris Pine, A-list action hero, was caught on camera, a tear seduced by gravity, easing down his cheek.

And the Twitterverse exploded! Women swooned and men grimaced in disapproval. Women saw in that single tear not some sniveling wimp, but the capacity for feeling, a momentary humanity poking through the armor in which we men often costume ourselves. Men saw the floodgates opening, and rushed to plug their finger in the leaky dike, lest the flood of emotion overtake them.

Imagine: Some men saw, in that single tear, such a profound threat to American manhood, that they needed to rush in to shore it up!

But — and here is the most important lesson — not all men. Not anymore. We’ve come a long way from the robotic unfeeling automaton that used to define American masculinity. In a recent survey for Dove Men+Care, over 90 percent of men saw their caregiving, nurturing, and emotional expression as a sign of strength, of successful masculinity, not of failure. And only seven percent — less than one in 10 — said they saw themselves in current depictions of masculinity in the media. Many men found Chris Pine’s single tear validating, that of course real men can cry. Because men are also human beings, and human beings can be moved to both righteous indignation and tears of empathy.

It’s hard to believe that in 2015, we’re still debating about the meanings of men’s tears. That debate feels hollow now, an echo of an earlier time, fading into history. American men cry, in fact, some do a lot. Without shame. Modern masculinity is measured not by a stoicism that makes us resemble an inanimate object (a rock, a pillar) but by a capacity for feeling, a capacity to be moved — even moved to tears.

It may once have been true that, as the Cure sang, “Boys don’t cry.” But not anymore. Today, real men cry.

Black Lives Matter to Labor

Black Lives Matter has become a term meant to “trend” on social media. It is commonly associated with the death of Black males by law enforcement, catalyzed in the response to the death of Michael Brown but what happens when it is no longer trendy? What happens when the sensationalism of Black deaths fade away into the headlines? Black Lives Matter because there is still a struggle, there is still discrimination and there is still disparity. CBTU was founded on the voices of Black Workers. It is on the shoulders of those giants that we as an organization affirm Black Lives Matter. Additionally, Black Lives Matter to Labor.

For decades we have watched the number of union members steadily decrease while the wage gap between the wealthiest and poorest Americans has violently expanded. What was once a gap evolved into a chasm is now a canyon of disparity with the wealthiest 1% owning almost half the worlds’ wealth. This wage discrepancy is most evident in the Black community, where unemployment, incarceration, and inadequate education are at national highs. Yet in the face of this oppression we find Black workers to be the majority of union membership and the most willing to join and form a union if given an opportunity. With persecution we find resistance and Black workers are resisting wage discrimination by joining and forming Labor Unions.

Left out of the larger conversation are Black women. Not only do Black women face the horrid realities of sexual assault, wage discrimination and a constant battle over ownership of their body, but according to a recent study Black girls face harsher school discipline than their white peers. Excessive punitive actions were taken against Black girls at an alarmingly higher rate than their peers. Compounded with an already widening gap of education inequality for low income areas, Black girls are facing oppressive hurdles earlier in life. The report can be found at the African American Policy Forum.

The fate of Black workers is the fate of American workers. When employers find that they can exploit one class of worker, they soon seek to exploit all workers. When Americans accept disproportionately high levels of unemployment amongst Blacks, they are silently accepting high levels of unemployment for all workers. When Americans accept poor healthcare and educational opportunities for communities of color, their acceptance is co-signing a race to the bottom. Black workers are the canaries in the mines of working people. When we get injured, fall ill, or die due to conditions, it is but a harbinger of how the rest of the country will suffer.

Black Lives Matter is a simple phrase that bears the burden of carrying the voice of millions of disenfranchised Blacks in America. Black Lives Matter because it is not enough just to exist. Rather it is the conditions and environment of these Black Lives that is at stake. It is not enough to scrape by and survive. It is not acceptable to try and make a dollar out of fifteen cents. Black Lives Matter beyond just living, it matters in how we live, the way we live, and the way this society has attempted to prevent us from living. Black Lives Matter because workers matter, because families matter, because the American Dream matters. Black Lives Matter. And to CBTU, Black Lives Matter to Labor.

This post is part of the “Black Future Month” series produced by The Huffington Post and Black Lives Matter for Black History Month. Each day in February, this series will look at one of 28 different cultural and political issues affecting Black lives, from education to criminal-justice reform. To follow the conversation on Twitter, view #BlackFutureMonth — and to see all the posts as part of our Black History Month coverage, read here.

Watch Leonard Nimoy's Screen Debut From 1951

Leonard Nimoy, who died on Friday at the age of 83, will be forever remembered for his role as Mr. Spock in the “Star Trek” franchise. But Nimoy had a lengthy career before becoming the Earth’s most quotable Vulcan, appearing on such television series as “Wagon Train,” “Bonanza” and “Sea Hunt” throughout the 1950s and 1960s. His screen debut, meanwhile, came in 1951’s “Queen for a Day,” the film adaptation of a popular radio and television game show. In one of the film’s segments, Nimoy plays a football player:

For more on Nimoy’s life, head here.

Goodbye, Mr. Spok

2015-02-27-spockcolorprint.jpg

Kid Rock Blasts Beyoncé's Talent During Rolling Stone Magazine Interview

After slamming the ticket prices of Justin Timberlake and Jay Z’s 2013 “Legends of the Summer” tour, Kid Rock is making headlines once again — this time for blasting Queen Bey herself.

During a recent interview with Rolling Stone magazine
, the 44-year-old Detroit native slammed Beyoncé’s mainstream appeal and questioned the Grammy Award-winner’s catalog of music in comparison to other noted classic hits including Prince’s, “Purple Rain.”

“Beyoncé, to me, doesn’t have a f**king ‘Purple Rain,’ but she’s the biggest thing on Earth,” Rock said. “How can you be that big without at least one ‘Sweet Home Alabama’ or ‘Old Time Rock and Roll’? People are like, ‘Beyoncé’s hot. Got a nice f**king ass.’ I’m like, ‘Cool, I like skinny white chicks with big t-ts.’ Doesn’t really f**king do much for me.”

A number of Beyoncé fans have expressed their distaste over his opinion — and judging from the assortment of bumblebee emojis under several photos on Rock’s Instagram account, they aren’t too happy.

Here’s proof — the Beyhive has spoken:
kid rock instagram

Check out more of Kid Rock’s Rolling Stone magazine interview here.

IT HAPPENED TO ME: I Was The Fat Mistress

We’d meet secretly at a park. This way, when he told his wife he was going running, he wasn’t telling a lie — just omitting some crucial parts of the truth. He’d get his run in eventually, before or after our encounter. I should have taken this as proof he was a liar at heart, but I ignored it. He wasn’t the only one not telling the truth.

Bella Thorne Opens Up About That Controversial Zendaya Hair Comment

“Fashion Police” host Giuliana Rancic recently apologized to Zendaya Coleman for offensive comments she made about her hair on the Oscars red carpet. Since then, Zendaya has publicly accepted Rancic’s apology on Instagram. Now, her best friend Bella Thorne is speaking out.

In a video from RyanSeacrest.com, a Twitter fan asked Bella her thoughts on the situation. After immediately describing Zendaya’s Oscars look as “absolutely just stunning and gorgeous,” Bella opened up about Rancic’s comment.

“I know Giuliana, and I know Zendaya, and I know them both personally. And honestly Giuliana is a really sweet person. And Zendaya has been on ‘Fashion Police’ as a guest, and Giuliana just goes on and on about how much she loves her. So I think when Giuliana made that comment, although this doesn’t justify it in any way, I think that she didn’t mean it like that, and that it probably just came out wrong because she really loves Zendaya. And I love them both.”

Bella and Zendaya starred in Disney Channel’s “Shake It Up” together, and the BFFs often show their support for each other on social media.

How beautiful did my babygirl look!? @zendaya workkkkkkkk

A photo posted by BELLA (@bellathorne) on Feb 25, 2015 at 10:06am PST

“The DUFF” star ended her response by pointing out the harsh criticism teens face today.

“People have to remember that there is so much criticism going out to teens and the way they look and the way they dress … and people are just growing up. We’re all growing up. We’re all trying to find ourselves.”

H/T RyanSeacrest.com

Follow HuffPost Teen on Twitter | Instagram | Tumblr | Pheed |