Saturday, February 28, 2009
The Hillside Philosopher
The Hillside Philosopher is a fellow who likes to sit on a hillside and think cheery, slightly subversive thoughts. Is it un-Australian to not care at all about the property market? To be non-materialistic? To roll the stem of a freshly-plucked flower between your fingers whilst gazing at clouds?
Friday, February 27, 2009
A Couple of Quick Ones
Some super funds have lost 20% of their value lately. All bow to the mighty stock market. Now there's an emperor who truly has no clothes. Kind of funny how we never had a plan B, isn't it? Invest everyone's money in the stock market. Watch it grow. But what if there's a crash? Perhaps it was a scam to begin with... why let people decide what to do with their money when it can be pumped into the market?
Labels:
431 days,
howard,
overseas,
superannuation,
superman
Wednesday, February 25, 2009
Go On, Aussie, Go On (Off to China)
So, Pacific Brands, makers of Bonds, are sacking their workers and moving their clothing manufacturing to China.
So, is Chesty Bond out of a job? Poor Chesty belongs to another era, and will face a tough challenge re-skilling and finding work in today's economy (note: is "reskilling" a proper word?)
It's sad. All the PM can do is wring his hands as yet another company takes its manufacturing offshore. Of course, they work for less in China. Everyone knows that. But is it a good thing to lose your entire manufacturing base? Because we lose jobs and tax revenue along with it. Maybe it's time for a bit of good old-fashioned protectionism.
Labels:
australian manufacturing,
bonds,
chesty bond,
pacific brands
Tuesday, February 24, 2009
Banks, Non-Banks, Money, and the Government, and Stuff
The Australian government tried hard to revive public confidence in "non-bank lenders", but to no avail. The big banks are enjoying a bigger percentage of the lending market than before the economic troubles. The public are staying away from non-bank lenders in droves.
Why? Something to do with "mortgage backed securities" not being very popular these days.
Like many folk who lack degrees in finance, I struggle with some of the terms and phrases bandied about these days. But I think my cartoon pretty much sums up the situation.
Monday, February 23, 2009
Abu Ghraib Re-Opens for Business (and Optional Blow-Dry)
So the infamous Abu Ghraib prison is being reopened.
Now it features all sorts of up-to-date facilities for inmates, such as "a library, outdoor recreational areas, green houses and even a barber shop."
This brings to mind some very odd (and disturbing) scenarios. Abu Ghraib will forever be associated with darkly iconic images such as The Man in the Hood...
Sunday, February 22, 2009
Costello's Critic
longtime treasurer and now do-nothing opposition backbencher Peter Costello was the target of a very unflattering opinion piece by ex-Liberal leader John Hewson. John's smouldering invective can be read here.
Labels:
australian politics,
john hewson,
peter costello
Friday, February 20, 2009
A Stimulating Package Revisited
Thursday, February 19, 2009
A Stimulating Package
Wednesday, February 18, 2009
Obama's Afghan Adventure
Tuesday, February 17, 2009
Unhappy Brontosaurus
This cartoon is from a book I illustrated. The author was Mark Juddery, and the book was called "BUSTED! THE 50 MOST OVERRATED THINGS IN HISTORY", and was published by Random House late last year.
The brontosaurus made the list as the most overrated animal. Why? Because it never existed! It was mistakenly invented by a fame-hungry paleantologist from the bones of two other dinosaurs.
To find out more about the book and Mark Juddery's other writings, click here.
When 2 Subs Collide
A Brit sub and a French sub collided recently in the Atlantic. Both were nuclear-powered and nuclear-armed. Fortunately no nuclear material was released in the collision. Experts say that despite being equipped with highly sophisticated sonar, the subs were virtually invisible to each other. They're designed that way, of course.
Or maybe what's going on in the cartoon is what really happened.
(click on image to enlarge)
Monday, February 16, 2009
Determined 2 B Different
Bowls Club Robbery
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