Elsie Poncher is selling her husband's burial spot directly above film legend
Marilyn Monroe so that she can pay off pay off the $1.6 million mortgage on her
Beverly Hills home.
Sunday, August 30, 2009
CAPITALISM IS MAD
RELIGIOUS ROOTS
Friday, August 28, 2009
HONG KONG HOUSING
Monday, August 24, 2009
LA BELLE FRANCE?
French Justice Minister Michele Alliot-Marie visits the prison of Orleans in
central France. Alliot-Marie.
POISONED BY CAPITALISM
Wednesday, August 19, 2009
A WONDERFUL TOWN?
Tuesday, August 18, 2009
Why the SNP Must Fail
Community Central Hall, 304 Maryhill Rd. 19 August 8.30pm
In his talk Vic will look at the birth of the SNP and why it’s nickname was “ The Tartan Tories” and he will explain how the SNP was transformed from the mere handful it had been until the late 1950s to the major political force it is in Scotland today.
Vic will also look at the conflict which raged in the SNP for decades between the traditionalists and the pragmatists and why the triumph of the latter paved the way for this rags-to-riches transformation.
The SNP can hardly wait for the next General Election when it expects to make the substantial gains, probably at the expense of Labour, which it hopes will be a major step towards their goal of a fully independent Scotland.
Could this happen at some point in the future and would it be in the interests of the working class in Scotland if it did?
LAZY WORKERS?
(msnbc.com, 11 August) RD
RECESSION? WHAT RECESSION?
Monday, August 17, 2009
PIE IN THE SKY
BIG BROTHER IS WATCHING
Big Brother: It has been revealed that there are 4.2million closed circuit
TV cameras in the UK
Who owns the North Pole - Part 16
Canada is launching a series of military exercises in the Arctic far-north region of the country.The so-called sovereignty operation is designed to show a visible presence in the resource-rich area, amid competing claims among other nations.Asserting Canadian sovereignty in the Arctic has been a priority for Mr Harper's conservative government.
Operation Nanook will see the Canadian Armed Forces involved in sea, land and airforce operations in the country's eastern Arctic territory.
Once thought a barren region, a number of countries with competing claims have been carefully mapping the area around the North Pole, thought to be rich in minerals and natural resources.
Canada is also concerned by the melting of ice each year through the fabled Northwest Passage, blamed by scientists on global warming. The United States government has said that it does not recognise exclusive Canadian rights to the waterway, that could be a link between the Atlantic and Pacific oceans
Saturday, August 15, 2009
A TORY MP SPEAKS
ANOTHER FINANCIAL EXPERT?
(New York Times, 6 August) RD
Thursday, August 13, 2009
GLASGOW BRANCH ACTIVITY
304 MARYHILL ROAD
8.30 pm
WEDNESDAY 19th AUGUST
A DISCUSSION ON INDEPENDENCE FOR SCOTLAND
WHY THE S.N.P. MUST FAIL
SPEAKER VIC VANNI
Vic’s talk
In his talk Vic will look at the birth of the SNP and why it’s nickname was “ The Tartan Tories” and he will explain how the SNP was transformed from the mere handful it had been until the late 1950s to the major political force it is in Scotland today.
Vic will also look at the conflict which raged in the SNP for decades between the traditionalists and the pragmatists and why the triumph of the latter paved the way for this rags-to-riches transformation.
The SNP can hardly wait for the next General Election when it expects to make the substantial gains, probably at the expense of Labour, which it hopes will be a major step towards their goal of a fully independent Scotland.
Could this happen at some point in the future and would it be in the interests of the working class in Scotland if it did?
BIRD BRAIN INVESTORS
The parrot, using its beak, made random choices from balls representing 30 blue
chips including Samsung Electronics
THE REVEREND MONEYBAGS
(Time, 17 August)
It is true the Good Book promised "In my father's house there are many mansions". We can't recall any mention of Rollers or garages though. RD
Wednesday, August 12, 2009
LAS VEGAS, ANOTHER VIEW
(New York Times, 7 August) In one of the most sophisticated urban areas in the world some members of the working class are living like sewer rats. What a hellish system capitalism is.
RD
Monday, August 10, 2009
WAR THREATENS ONCE AGAIN
Venezuelan President Hugo Chavez greets supporters in Quito, Ecuador, on
Sunday. Chavez has charged that Colombian troops entered Venezuela by crossing
the Orinoco River, a move he warned was a "provocation" by his U.S.-backed
Colombian counterpart Alvaro Uribe.
CARACAS, Venezuela - President Hugo Chavez told his military to be prepared for a possible confrontation with Colombia, warning that Bogota's plans to increase the U.S. military presence at its bases poses a threat to Venezuela.
Chavez has issued near daily warnings that Washington could use bases in Colombia to destabilize the region since learning of negotiations to lease seven Colombian military bases to the United States.
Sunday, August 09, 2009
Food for Thought 4
- In the Olympic city of Vancouver, $million dollar condo high rise buildings are rubbing shoulders with homeless shelters and mini tent cities. The former are getting the authorities to close down the latter.Meanwhile, the city has spent $10 million on the athlete's village. Advocates hope that the houses will become low income but at a cost of $440 000 each, the city has to decide whether to sell them at market price, or not. Priorities, priorities in a profit system.
- In environmental affairs, a Toronto Star investigation (4/July 09), revealed that the city's boast of diverting one third of garbage to compost is a sham and grossly inflated. Apparently the compost that is produced will kill plants because of its high salt content (see same item)- In the nether world of religion, an article entitled "Ireland's Holy Stump a Blessing in Tough Times", tells us that a tree cut down resembled, to some, the virgin Mary. The overseer remarked, "People have been crying out for something good to happen and this is all good for the soul." The parish priest said that they were letting their imaginations run wild and they were threatening to violate the commandment about a false god.
Opium of the people, indeed! We can tell them something better that ought to happen.- And in the middle of the Michael Jackson hysteria, the Toronto Star ran Article, "Is Michael Jackson Going to Heaven – he was raised by Jehovah's witnesses, married into scientology and flirted with Judaism and Islam. Now the debate rages over his soul." One gem will suffice
– "One intriguing argument goes that since Jackson never matured beyond childhood, his innocence remains perfectly intact." And this dribble, note, appeared in the section of the paper titled "Insight"!!!
John Ayers
Saturday, August 08, 2009
REFORM UNDER ATTACK
Councils say they do not have enough funds to pay bus companies
The study by the consultancy Oxera for the Local Government Association says councils would be better off targeting those who were most in need.
Free bus passes for over-60s in England were introduced by the government in 2008, but many councils say the funding arrangements leave them out of pocket. ( BBC NEWS 6th Aug 09)
In times of slump any benefits workers receive are up for grabs. A means test was suggested, back to the good old days?
Money_Commodity_Money+
President Barack Obama signed a bill extending the popular program into Labor Day and preventing the 2-week-old incentives from running out, the White House said on Friday.
The Senate voted to refill the car incentive program on Thursday, tripling the $1 billion fund that has led to big crowds at once deserted auto showrooms.
SOCIALIST STANDARD'S FALLING SALES?
(Yahoo News, 3 August) RD
Food for Thought 3
– "taxpayers should feel comfortable with government oversight of GM and Chrysler – and don't need to know how much top executives are being paid in Canada. Canada invested $14 billion in those companies.
Apparently, disclosure would frighten top executives away and, in any case, they are too busy selling cars. The arrogance of the capitalist apologists knows no bounds!
A few figures anyway – Citigroup, Merril Lynch and seven other banks paid $32.6 billion in bonuses in 2008 while receiving $175 billion in tax-payer assistance; Goldman Sachs, Morgan Stanley, JP Morgan Chase paid out $18 billion in bonuses while getting $45 billion in Troubled Assets Relief Program (TARP – some cover!). The top 200 at Morgan Chase shared $1.12 billion (average 5.6. million); AIG insurance under new government-appointed CEO Ed Liddy paid out $165 million in bonuses after receiving $173 billion; Hey, maybe they are worth every penny? Rick Wagner of GM received $65 million over 5 years while accumulating a staggering $82 billion in debt; Stanley O'Neal collected $233 million for managing Merrill Lynch into the ground; CEO's pay rose 2 per cent in 2008 while Standard and Poor's 500 index lost 27%. Now that's merit pay! In 1980, the typical CEO received 40 times the pay of the average worker. In 2007, that figure was 433 times. "The obvious questions arise" wrote the Toronto Star (26/Jul/09) " Are corporate CEOs 393 times smarter than they were in 1980? Have they been producing 393 times more wealth for shareholders?
Well, no, of course". Did they produce any wealth? Well no, of course!
John Ayers
Friday, August 07, 2009
RECESSION? WHAT RECESSION? (2)
No deckhands are needed to clamber up the rigging and unfurl the sails, however.
Instead, the Maltese Falcon’s DynaRig system can be sailed by one man from a
computerised control console on the bridge that moves the yards and sails
according to the wind and current
Food for Thought 2
The unemployment rate is up (a manipulated 9.6% in Toronto), 467 000 jobs lost in the US (an accompanying picture shows a man outside his home, an old RV – complete with the American flag!); consumer prices in Canada record the biggest slide since 1955 bringing widespread fears of deflation; Britain's economy shrank by 5.6% over the last year; over 750 000 Canadians are drawing unemployment insurance, up 11% since April. The governor did have the good grace to say job recovery is expected by 2014. Now listen to another economist's whitewash of the figures (CBC radio).
The fact that so many Canadians are on unemployment is a good sign. Since only those who actively seek work can draw benefits, this shows that more people are optimistic about finding a job and signing up. I suppose they forego those benefits if they don't think their chances are good. When the figure reaches one million, we can all rejoice. Note that only about one third of workers are eligible for benefits.
John Ayers
Thursday, August 06, 2009
RECESSION? WHAT RECESSION?
Food for Thought
1. Researchers revealed this week that Canadian food products contain up to twice as much salt as those in other countries, even when those products are identical in every other respect. Salt enhances taste, of course, but also is responsible for increased heart and stroke problems. In fact, 30 people die per day in this country because of elevated levels of salt. Checking the food label doesn't help as daily percentages are based on a sodium intake of twice the accepted amount. The government has remained silent.
2. Struggling pig farmers are considering euthanizing healthy pigs as pork prices drop due to the negative publicity of swine flu. Imagine, thousands starving to death every day and pigs are to be slaughtered to keep prices up!
3.Another G8 summit, another waste of time. In the Orwellian titled document "Responsible Leadership for a Sustainable Future", the `leaders' showed no responsibility and did nothing to ensure sustainability, even of profit.
4. Times are tough, go after the workers' benefits. Almost 300 000 unionized grocery workers received a notice recently of `benefit restructuring', specifically in their pensions. The futility of reform!
5. Wal-mart is noted for fighting unionization, poor pay and benefits for their workers. David Olive writes (Toronto Star, 5/Jul/09),
"Wal-mart signaled this week that it's poised to be in the vanguard of genuine health care reform in the US, breaking ranks with corporate lobbies fiercely opposed to it."
Now get up off the floor and read on,
" Reason: Wal-Mart has so improved its health care benefits for employees that it's now at a competitive disadvantage to its rivals." See the logic? That's how capitalism works.
John Ayers
Wednesday, August 05, 2009
PROPHETS AND PROFITS
Mr Wachman's analyisis of the problem is not particularly revealing but what is of interest in his article is how the crisis has left so-called experts with egg on their faces. Mervyn King (August, 2007) "I don't think there's any real evidence here of a fundemental challenge to the macroeconomic outlook." and then (February, 2009) "The UK is in deep recession ...Restoring both lending and confidence will not be easy and will take time." George W Bush (August, 2007) "The fundementals of our economy are strong ... and we are headed for a soft landing." and then "If money isn't loosened up, this sucker could go down." (September, 2008) Alistair Darling (August 2007) "People should have confidence that many of the investment they make will be good investments." and then "Times are are arguably the worst they've been in 60 years... it's going to be more long-lasting than people thought." (September 2008)
Capitalism is a social system based on economic slumps and booms and it makes fools of all the "experts". RD
Tuesday, August 04, 2009
PROFIT BEFORE ENVIRONMENT
(Financial Times, 31 July) RD
RELIGIOUS NONSENSE
Monday, August 03, 2009
ALL IN YOUR MIND?
From left, Deng Yanli, Tian Lihua and Li Xiuying at Jihua Hospital in Jilin. Ms.
Deng told of suffering convulsions and dizziness.
Sunday, August 02, 2009
ONE TO MISS
UPSTAIRS, DOWNSTAIRS
POVERTY AND ILL HEALTH
Saturday, August 01, 2009
GOD AS A HISTORY MAKER
Friday, July 31, 2009
MORE CONSPICIOUS CONSUMPTION
THE DIGNITY OF LABOUR?
(Yahoo News, 23 July) RD
Thursday, July 30, 2009
"OUR BETTERS" IN ACTION
2 FOR 1 CHURCH OFFER
Wednesday, July 29, 2009
LAND OF THE FREE?
When the killing stops?
Reminds me of a statistic I read about the Vietnam war where 58 thousand US soldiers died and over 122 thousand committed suicide after the war ended.
Tuesday, July 28, 2009
ALL RIGHT FOR SOME
35 chefs working out of a tent in a field, serving hot food for 700
celebrities
"Recession? What recession?" quips a 20-something model as she lights a cigarette after the meal. "In my world there is no recession."
This year marks the jeweller and watchmaker's 25th year as main sponsor, and the company remains committed to the exclusive event. ( BBC NEWS 28th July)
"I don't want to spend money just to spend money," says Arnaud Bamberger, managing director of Cartier UK, wary of recessionary pressures. "But I do feel that when you have built up something over a number of years and it has legitimacy then I don't want to lose the momentum."
Monday, July 27, 2009
THREAT AND COUNTER-THREAT
Jafari said Israel was entirely within the reach of Iran.
Jafari said Israel was entirely within the reach of Iran.
"Our missile capability puts all of the Zionist regime (Israel) within Iran's reach to attack," Jafari said. "The Zionist regime is too small to threaten Iran."(msnbc 25th July)
DOLE MONEY CHAOS
Luis Coronel, a janitor at a San Francisco hotel, got $6,000 in back benefits after winning an appeal. But in the six months he spent waiting, there were times when he and his pregnant wife could not afford to eat.
“I was terrified my wife and daughter would have to live on the street,” Mr. Coronel said.
Labor Secretary Hilda Solis said: “Obviously, some of our states were in a pickle. The system wasn’t prepared to deal with the enormity of the calls coming in.”
The program’s problems, though well known, were brushed aside when unemployment was low. “The unemployment insurance system before the recession was as vulnerable as New Orleans was before Katrina,” said Representative Jim McDermott, Democrat of Washington, who is chairman of a House panel with authority over the program. ( msnbcnews 24th July)
Friday, July 24, 2009
FROM SPY TO TYCOON
Thursday, July 23, 2009
BAD NEWS FOR OTHERS
GOOD NEWS FOR SOME
(Financial Times, 20 July) RD
Wednesday, July 22, 2009
A GRAVE BUSINESS
Willie Esper, a gravedigger who helped expose an alleged scheme to dig up
graves and resell plots at Burr Oak Cemetery in suburban Chicago, says another
worker warned him to keep his mouth shut or risk losing his job.
Tuesday, July 21, 2009
THERE GOES THE NEIGHBOURHOOD
Describing themselves as 'good squatters', the men said they had plastered the
ceilings, linked up the electricity and had running water in the three storey
eight bedroom house in which they live rent free
"Squatters have moved into a £3 million property on one of the richest streets in Britain, only a few doors down from royalty, financiers and an industrialist billionaire. The three men, from Romania and France, have been living at the run-down house on The Bishops Avenue in Hampstead, north London, for the last two months. Not far away lies Lakshmi Mittal's £40 million gated home, Summer Palace, while members of the Saudi Arabian and Brunei royal families own large properties further along the road." (Daily Telegraph, 15 July) RD
Monday, July 20, 2009
A MAD, MAD WORLD
A CARING SOCIETY?
Friday, July 17, 2009
A BOOM DURING THE SLUMP
HAPPY BIRTHDAY TO ME
Thursday, July 16, 2009
GREEN SHOOTS OF RECOVERY?
(BBC News, 15 July) RD
WARLORDS AND WASHINGTON
Wednesday, July 15, 2009
CHICKEN FEED FOR SOME
THIS IS DEMOCRACY?
(Yahoo News, 9 July) RD
Tuesday, July 14, 2009
SUPERMARKET EXPLOITATION
Monday, July 13, 2009
A WASTEFUL SOCIETY
EVEN THE DAILY MAIL!
Sunday, July 12, 2009
A CLUELESS POPE
What kind of fairy tale society does he live in when he talks about "a return to ethics in the global economy"? Capitalism is a society based on class ownership, exploitation and the profit motive. To talk of ethics in such a society is nonsensical and "government regulation" is powerless to deal with the slump and boom cycle of capitalism. The Holy Father should abandon his foray into political economy and stick to what he does best - scaring the shit out of believers and passing the collection plate. RD
HARD TIMES, HARD CHEESE
THE REALITIES OF CAPITALISM
The Church of England is finding that in a recession businesses have to cut their overheads - and that applies to the soul-saving business too. RD
Saturday, July 11, 2009
Food for Thought 2
- Many workers who try to escape uncertainty and giving up most of the value they create to someone else by setting up in business for themselves learn security doesn't apply to capitalism. The Toronto Star recently reported on the case of an Iranian immigrant who paid $160 000 for a shoe repair shop in a Toronto mall only to find his lease was cancelled after three years when the mall "restructured". Now he'll be back to working for someone else, if he is lucky.
- Socialists are fond of calling economists of today the cheerleaders of capitalism, as Marx called those of his day `vulgar economists'. Thomas Walkom, political economist for The Toronto Star wrote, "(Adam) Smith argued that only labour (by which he meant entrepreneurial businessmen) created value and that government and its hangers-on added nothing." Say what! Where does the worker come in here? If this is the drivel economists are taught, no wonder the public never gets the truth.
- Some people are doing alright though. On May 30th. George Bush and Bill Clinton arrived in town to discuss the state of the world and answer questions for those dumb enough to ante up a few hundred dollars for a seat. The luminaries reportedly made $150 000 each for a couple of hours `work'.
- Speaking of pigs at the trough, more details emerged in the Ehealth scandal in Ontario. Consultants were paid $2 700 per day and then had the nerve to bill for coffee and doughnuts on top. One commented "I, unfortunately, happen to like muffins and chocolate chip cookies". So there! The CEO received a $114 000 bonus after just 5 months on the job.Meanwhile, at communications giant, Nortel, where the management staff declared bankruptcy, paid no severance to fired workers, and reduced their pensions to 69%, (while paying themselves $45 million in bonuses) an executive pleaded to the House of Commons Finance Committee, that the reason was he applied for bailout money and was turned down. Strange, an independent financial analyst who studied the case said that she believed that the company went into bankruptcy protection to avoid paying the severance bill, even though it had $2.5 billion (US) on hand. (Toronto Star 19/June/09). Somebody is not telling the truth. Guess who!
- While we are thinking of pigs, spare a thought for the plight of the world's millionaires. In this recession, their ranks have been reduced by 15% to just 8.6 million, and their total asset values plunged 20% to only $32.8 trillion (US)! That averages out to just over $37 million each, so we don't need to open food banks for them just yet. (Toronto Star (26/June/09).
John Ayers
Friday, July 10, 2009
Food for Thought
- The phony war on drugs waged by governments around the world continues apace. No country is free of drugs and in Mexico 40 000 troops, aided by the $1.6 billion US aid package, wage a war that has resulted in 10 700 deaths in the last three years but no decrease in drug trafficking.
- Then we can blame the government for the crap that goes on in its Schools. Recently, a grade 6 teacher in our Catholic school system had his students tie a letter to god to a helium balloon and let it go. Guess what? Somebody found one, replied to the student concerned, and this is proof that god exists, "I think a hundred years have passed since the famous,"Yes, Virginia there is a Santa Claus' letter. Perhaps this will have the same kind of snowball effect like – Yes, Bailey, there is a god" (Toronto Star) I'm happy that god is paired with Santa Claus because it puts in the correct context, but what drivel passes for education!
-How else does government spend money and resources? Canadian soldiers killed in Afghanistan are brought back to Toronto along the `Highway of Heroes' and given an autopsy. That's not to determine the cause of death because if you have bullets in your body or your head is blown off, the cause is pretty obvious. No, their findings are sent to military analysts to help generate better armour, equipment, and battlefield medical practices. Seems like the more bodies that come in, the more important information is gathered and the better the armour. Now if they put the same thought and energy into stopping war….is there no end to stupidity in capitalism?- Apparently, what government is not doing, among many things, is provide affordable housing for those in need. Toronto has 68 000 people on the waiting list and there are 130 000 in Ontario. They have been told to expect to wait ten years even though the Ontario government promised (in)action in 2007 John Ayers
OUR BETTERS IN ACTION
"It would appear that the bank branded "Germany's Dumbest Bank" by Bild newspaper after an error handed $426 million to Lehan Brothers as it collapsed, can't get anything right. An executive at KfW Bankengruppe fired for the error has won a court case and two year's salary and bonuses." (Times, 3 July)
The whole thing beggars belief - far from them controlling capitalism, it controls them. Let’s get rid of this crazy system! RD
Thursday, July 09, 2009
A BNP SUBMARINE?
(Guardian, 9 July) Nick Griffin as a U-Boat commander is the sort of fantasy that must appeal to the crazed nationalism of some of the BNP membership. RD
AN UNCARING SOCIETY
Tuesday, July 07, 2009
Capital Accumulation Discussion Meeting
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| |||
P. Hendrie will open the discussion on this subject. | |||
Out Dated Marxism ? | |||
We are all aware of the critics of Karl Marx who say that he may have had something to say about early capitalism, but his criticisms are old-fashioned and out of date. Away back in 1867 Marx wrote about the "so-called primi-tive accumulation of capital" wherein he showed how the capitalist class in England had obtained its great wealth by such acts as the enclosure acts to throw peasants off their land. Today a similar process is taking place in Peru. "President Alan Garcia laboured Saturday to contain Peru's worst political violence in years, as nine more police officers were killed in a bloody standoff with Amazon Indians fighting his efforts to exploit oil and gas on their native lands. The new deaths brought to 22 the number of police killed — seven with spears — since security forces moved early Friday to break up a roadblock manned by 5,000 protesters. Protest leaders said at least 30 Indians, including three children, died in the clashes. Authorities said they could confirm only nine civilian deaths, but cabinet chief Yehude Simon told re-porters that 155 people had been injured, about a third of them with bullet wounds." (Associated Press, 6 June) Far from being outdated Marx's view on the development of capitalist ownership is being re-enacted in today’s newspaper headlines. | |||
What is Marxian economics? | |||
At the moment output is falling, unemployment is growing, prices are rising in essential goods -all things that no one wants to happen, but which nevertheless do. What this means is that the human social activity of producing and dis-tributing wealth is not under the conscious control of human beings. They do not control the condi-tions under which they produce and distribute wealth but, on the con-trary, are subject to laws which, while not themselves laws of nature, operate as if they were, as an external force governing human activities. Economics is precisely the study of "the laws" which govern human activity in the field of wealth production and distribution. An important point must be made straight away: economic laws only come into operation under certain social circumstances-when, in fact, the production and distribution of wealth is not under conscious social control. When, as today, the means of production are monopolised by a section only of society and are used to produce wealth to be sold on a market with a view to profit. In other words, economic laws are the laws of capitalist production and they will not operate when capitalism has been abolished through the establishment of socialism (when production will be for the direct use of the whole community). This is why we said that these laws are not natural laws. To say that they are, would be to assume that capitalism was the natural form of human society. Which is the mistake made by the early theorists of economics or "political economy" as it was then called, such as Adam Smith and David Ricardo who Marx criticised for doing so. Indeed this is what Marx's Critique of Political Economy (the title of a book he published in 1859 as well as the sub-title of Capital) basically amounts to. Nevertheless, as long as capitalism exists, these laws exist and operate just like natural laws; they govern human activity in the field of wealth production and distribution and act as external constraints on what humans can do. An understanding of these laws is very important; it is in fact a basic part of our case since it leads to the conclusion that capitalism just cannot be reformed so as to serve the common interest and therefore must be abolished if today's social problems are to be solved. Our interest in economics is simply to understand how capitalism works, and not at all to recommend policies for governments to pursue. This is an important point since "economics" and "economists" today are regarded, and regard themselves, as policy advisers. | |||
Don't recycle Capitalism, BIN IT | |||
Glasgow Branch of the Socialist Party |
CANCER AND THE PROFIT MOTIVE
(Observer, 5 July) RD
Monday, July 06, 2009
CAPITALISM POLLUTES
THIS SPORTING LIFE
Sunday, July 05, 2009
A SENSE OF VALUE?
MIND THAT GAP
(Financial Times, 24 June) RD
PENURY AT THE PALACE
(Sunday Times, 28 June) RD
Saturday, July 04, 2009
A WORLD WITHOUT LEADERS
(Independent, 17 June) RD
A CANCEROUS SOCIETY
Friday, July 03, 2009
SCRAPING BY ON £342,500 A YEAR
Sir Fred Goodwin has accepted a reduction in his pension payout, but some claim
his charity is a PR exercise
A $40MILLION BARGAIN
Thursday, July 02, 2009
CHRIST AND CAPITALISM
LOADED BUT LOONY
Wednesday, July 01, 2009
DOWN AND OUT DOWN UNDER
The OECD report says retirees should take out annuities which offer a guaranteed
retirement benefit
"An OECD report on pensions has found Australia has one of the highest rates of poverty for people aged over 65. The report says more than one in four Australian seniors live in poverty by international measures, which is the fourth highest old-age poverty rate in OECD countries, after Ireland, Korea and Mexico." (ABC News, 24 June) RD
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Paternalism is a common attitude among well-meaning social reformers. Stemming from the root pater, or father, paternalism implies a patria...