Monday, May 28, 2012

'Moral issues' seize spotlight

A good illustration of the way in which politicians use "moral issues" to divert public attention from the crises of the day. The cartoon is from the Manawatu Standard of May 26, 2012.

Saturday, May 19, 2012

Get a free forex trading account . . .

"No experience needed — your account is managed for you. No investment required — your account starts at $100."

That's the sales pitch from prelaunchx. Sounds too good to be true. But for the time being, I'm giving them the benefit of the doubt. As far as I can see at this stage, one has nothing to lose by signing up. I'll report on any interesting developments.

The torch of financial orthodoxy

But will it really follow the Olympic flame to London? The cartoon is from the Manawatu Standard of May 19, 2012.

World breastfeeds bloated capitalist

Remember how the free market was going to bring unprecedented prosperity to everyone? Remember how they told us — and are still telling us, in some circles — that there was/is no alternative to unfettered capitalism? Are we mad enough to continue on our present course? Yes, probably.

The cartoon is from the Manawatu Standard of May 18, 2012.

Friday, May 11, 2012

Jeepers, it's an exploding chicken!

From the Manawatu Standard of May 8, 2012.

Greener pastures continue to lure Kiwis

Pime Minister John Key (center) and cabinet ministers ponder the latest migration statistics. The cartoon is from the Manawatu Standard of May 2012.

Tough question for a failed financier

Although I feel sorry for those who lost their savings in the financial crisis, I think that, to some extent, they are the authors of their own misfortune. They didn't have to put all their money into high-risk investments. They could, and should, have been little less trusting, a little more suspicious of the promises made in prospectuses. As I approached retirement, I put all my money into (a) a retirement scheme that is backed by a government guarantee, and (b) long-term bank deposits. The returns are lower, but the peace of mind is much, much greater. And the latter is what you really want in old age.

The cartoon is from the Manawatu Standard of April 27, 2012.

Workers rich enough to strike?

From the Manawtu Standard of April 4, 2012.

Cell bunk for some, deckchair for others

White-collar crime, even when it brings misery to millions, is seldom seen in the same light as blue-collar thuggery. So a rogue financier is much more likely to be sentenced to home detention than a bank robber. The cartoon is from the Manawatu Standard of March 31, 2012.

The little investor feels trussed

A reference to the collapse of most of the finance companies after 2008, which saw many investors (mainly elderly folk) lose their life savings. At the same time, some of the financiers escaped relatively unscathed because, as the cartoon points out, they had their assets in trusts. The cartoon is from the Manawatu Standard of March 30, 2012.

Bosses see unions as paltry poultry

Remember the days when the trade unions were a force to be reckoned with? When workers had bargaining power, and a say in the running of their respective enterprises? It all seems like ancient history now, doesn't it? The cartoon is from the Manawatu Standard of March 12, 2012.

Swiss bankers have quiet chuckle

From the Manawatu Standard of March 6, 2012.