Features
The Obamas Secure $60 Million Book Deal
Barack and Michelle Obama have inked a major book deal reportedly worth millions of dollars, topping the record amount held by Bill Clinton for his memoir, “My Life.”
The first couple will release two separate books with New York-based Penguin Random House, who released a statement regarding the major contract saying it has “acquired world publication rights for two books, to be written by President and Mrs. Obama respectively.”
According to reports, former President Obama, who has already published two memoirs and a children’s book, said he wants to go against the grain with his new book, as he doesn’t want it to be a traditional chronicle of his historical era as the first African-American President of the United States.
On the other hand, a spokesperson for the publishing company has not revealed if the book authored by the former First Lady Obama, who held an equally historic position in the Oval Office, will be a memoir, but both books are expected to exceed the expectation in regards to monetary value.
Amid an intensive bidding process for the first couple’s publishing rights, the figure topped $60 million, quadrupling the Clinton’s record of $15 million. As part of the contract, reports state that the company will donate one million books in Obama family’s name to the First Book charity. However, further details of the deal have not yet been revealed.
“We are absolutely thrilled to continue our publishing partnership with President and Mrs. Obama,” the chief executive of the company said in a statement. “With their words and their leadership, they changed the world, and every day, with the books we publish and Penguin Random House, we strive to do the same. Now, we are very much looking forward to working together with President and Mrs. Obama to make each of their books global publishing events of unprecedented scope and significance.”
Kosi’s emergence on the Afrobeat scene feels both familiar and fresh. Rooted in a childhood shaped by gospel music and choir rehearsals, his sound carries the discipline and soul of his church background. But, there’s also a raw edge, drawn from the streets of Festac, Lagos, that gives his music a grittier, lived-in texture. The blend is strikingly obvious as you’d hear a voice trained in harmony and a message born of hustle.
The artist’s approach to songwriting is intentional, pulling from personal experiences and everyday realities rather than chasing empty trends. It’s this mix of vulnerability and confidence that has quickly earned him attention within Lagos‘s music circles, even though he has just a few releases. Kosi is already making a case for himself as a voice that can stand out in the crowd, honest, grounded, and undeniably Afrobeat.
A man places a Russian national flag on a balcony of a residential building in Lysychansk, eastern Ukraine, which is now territory under the control of the self-described Luhansk People’s Republic
As the Russia-Ukraine war enters its 132nd day, we take a look at the main developments.
Here are the key events so far on Tuesday, July 5.
Fighting
- Ukraine’s President Volodymyr Zelenskyy said his troops have “no alternative” but to “push back and destroy the offensive potential” of Russian forces, as the battle moves from Luhansk to nearby Donetsk.
- Ukrainian forces that retreated from Lysychansk are now holding the line between Bakhmut and Sloviansk, preparing to fend off a further Russian advance, Luhansk governor Serhiy Haidai said.
- President Vladimir Putin congratulated Russian troops on “liberating” the eastern Ukrainian region of Luhansk.
- At least 345 children have died in Ukraine as a result of Russia’s invasion and 644 have been wounded, the prosecutor general’s office reported.
Diplomacy
- Swedish Prime Minister Magdalena Andersson met Ukraine’s president in Kyiv, with the two parties signing a joint statement on defence and energy cooperation.
- Russian foreign minister Sergey Lavrov will fly to Hanoi on Tuesday for a two-day visit to Vietnam before heading to a G20 meeting later this week in Indonesia, the Vietnamese government said.
- Zelenskyy thanked the International Olympic Committee (IOC) for supporting a ban on Russian teams and athletes competing in most Olympic sports.
- Putin did not congratulate President Joe Biden on the United States’ Independence Day on July 4 due to “unfriendly” relations, the Kremlin said.
Economy
- Ukraine needs $750bn for a recovery plan, Prime Minister Denys Shmyhal told a Ukraine Recovery Conference hosted by Switzerland.
- Ukraine is holding talks with Turkey and the United Nations to secure guarantees for grain exports from Ukrainian ports, Zelenskyy said.
- Britain said it would on Tuesday introduce new economic, trade and transport sanctions on Belarus over its support for Russia’s invasion of Ukraine, and also sanctioned six Russians it said were spreading disinformation.
- Belarus said it was freezing foreign shareholdings in 190 Belarusian companies, including the software engineering company EPAM Systems and Lukoil Belarus, in response to Western sanctions.
Race plays key factor in a society where 10 percent of population owns more than 80 percent of wealth, World Bank says.
South Africa is the most unequal country in the world, with race playing a determining factor in a society where 10 percent of the population owns more than 80 percent of the wealth, a World Bank report has said.
“South Africa… is the most unequal country in the world, ranking first among 164 countries,” the Washington-based institution said Wednesday in a report, Inequality in Southern Africa.
Almost three decades after the end of apartheid, “race remains a key driver of high inequality in South Africa, due to its impact on education and the labor market,” it said.
When race is considered as a factor in income disparities, the report added, “its contribution to income inequality amounts to 41 percent, while contribution of education is reduced to 30 percent.
“The legacy of colonialism and apartheid, rooted in racial and spatial segregation, continues to reinforce inequality.”
The country’s neighbours that make up the rest of the Southern African Customs Union – Botswana, Eswatini, Lesotho and Namibia – established in 1910, all finish higher on the list of the most unequal countries in the world.
In the region, women earn on average 30 percent less than men with the same level of education with the pay gap as wide as 38 percent in Namibia and South Africa.
The uneven distribution of agricultural land is also a factor driving inequality, especially in rural areas.
In Namibia, 70 percent of the 39.7 million hectares (98.1 million acres) of commercial agricultural land “still belong to Namibians of European descent”, the World Bank said.
The report was produced before the COVID-19 pandemic and its authors used the Gini coefficient – an indicator of income inequality – to rank countries.
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