South African rand losses in the currency to look for higher-yield investments elsewhere and due to concerns over the impact of the economic slowdown in China, South Africa's largest export partner. By mid-January, economists were speculating that the Rand could expect to see further volatility for the rest of 2016. By 29 April, it reached its highest performance over the previous five months, exchanging at a rate of 14.16 to the United States dollar. Following the United Kingdom's vote to leave the European Union (EU), the Rand dropped in value over 8% against the United States dollar on 24 June 2016, the currency's
The Ayn Rand Cult The Ayn Rand Cult The Ayn Rand Cult is a book by journalist Jeff Walker, published by Open Court Publishing Company in 1999. Walker discusses the history of the Objectivist movement started by novelist and philosopher Ayn Rand, which he describes as a cult. The Objectivist movement began with a small group of Rand's confidants and students who supported her philosophy of Objectivism. This group was at first known informally as "The Collective", and later gained more structure in the form of the Nathaniel Branden Institute (NBI), named after Rand's protege Nathaniel Branden, and a magazine that Rand and Branden