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Reading about Madorf and the filching of USD 33 billion in a pyramid scheme from his select group of customers makes for interesting reading. It draws the attention (yet again) to the dangers of having a lack of transparency in financial markets. As the Economist…
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The Economist is one of the few main stream media that seem to be flourishing in the days of decline for most media outlets. This is probably because it offers truly interesting comment and opinion. For instance in the current science section, they have "Darwinism:Why…
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A couple of good but not quite satisfying articles today. The first is Brian Gaynor's analysis of the economy in which he lays out where we stand financially as a nation and blames the housing boom for our current account deficit: But the message from…
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At the end of my post a couple of days ago I touched on the notion of a new Zealand identity and a Left nationalism. Since then I've been thinking about the value of the last government's moves to foster national identity and their remarkable…
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And before anyone calls sour grapes I have to say even John deserves some xmas cheer but this was just too funny not to post today.
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The Guardian informs us that: Sailors, fishermen and cruise passengers should be on the alert. If anybody spots a yellow rubber duck bobbing on the ocean waves, Nasa would like to know.The US space agency has yet to find any trace of 90 bathtub toys…
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One of Bruce Jesson's constant bugbears during the New Right revolution of the 80's and 90's was that the Left allowed itself to be positioned as conservative. That we were simply fighting for the status quo rather than providing a proper progressive alternative to the…
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OK, one last graph for the year. The latest GDP data isn't pretty, a 0.4% contraction of the economy in the September quarter. It's the third quarter of contraction in a row driven by the drought, oil prices, and the credit crunch. The ongoing international…
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Rather than decorating their tree, some committed Labour Party staffer seems still to be hard at work posting maiden speeches to YouTube. The Greens have theirs up too [link].
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A friend just flicked me an article from the Nation which shows just how the Georgian invasion of South Ossetia was misrepresented by the New York Times and other US media. Written by a journalist who was actually on the ground during the invasion, Mark…
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The Council of Trade Unions has done some research showing a worker with a Kiwisaver account will stand to lose as much as $200,000 in accumulated savings over their working life as a result of the National-led Government's changes to the scheme. If you're on…
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Retailers are whining and the Herald has taken on the role of nanny-state, telling us it is our social responsibility but more stuff and to take on more consumer debt. It's called economics, apparently. So, get out there and spend, people. What are you, socialists?…
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Screw Obama, my vote's with the shoe thrower. Hat tip: onegoodmove