Monday, February 28, 2011

Earthquake deals New Zealand a body blow

In the wake of the devastating earthquake that struck the Christchurch area on February 22, the country struggles to put its "lost star" back into place. Sadly — from my point of view, as a lender — the quake has also precipitated a rush of predictions the Reserve Bank will slash the official cash rate.

Whenever there is a crisis, the elderly, who rely on the interest they receive on their savings, are sacrificed. Yet one rarely hears anything said about this. One does, however, hear constant exhortations to save more — despite the pitifully low return the diligent saver receives.

The cartoon is from the Manawatu Standard of February 26, 2011.

Is industry to have a charitable role?

The ETS issue aside, I think it's a little unrealistic to expect a domestic producer of an item to sell it for less than he/she can make for it overseas. The cartoon is from the Manawatu Standard of February 21, 2011.

Economic crisis knocked for six by cricket

I read somewhere that while Rome was being sacked, the Romans were at the Games. Well, why shouldn't they have been there? After all, nothing is more important than entertainment. The cartoon is from the Manawatu Standard of February 19, 2011.

BMW: Better make way (for your superiors)?

Cartoon from the Manawatu Standard of February 18, 2011. It's an allusion to the Government's recent upgrading of its fleet of BMW limousines — a perceived affront to all those queuing at the food bank these days.