TigerTom Blasts The Iniquitous

Another day of cold, grey London skies. This makes about two month’s worth on the trot, with about six days of intermittent broken sunshine to relieve the bleakness.
It’s the same in Ireland. We had rain, hail, sleet, snow, fog, flooding, thunder, lightning, frost, hailstones and in the case of one poor neighbour, fire, whilst [...]

I think Labour will win the 2010 elections in the UK. Why? Simple mathematics.
1. The Conservatives haven’t garnered enough popular support;
2. Labour is associated with maintaining and increasing benefits and public sector employment; too many people now depend on these for their daily bread, especially in a recession;
3. Most constituencies are solidly for one party [...]

1. IMF called in, Ireland?
Pro:
- On dole: 380,000;- In public service: 369,000;- Total population: 4,000,000;- Public debt: High;- Banks: Insolvent without more public cash injected = more debt;- Social partnership ended;- Truculent public sector demanding retention of benefits;- Quangos laden with political place-men left untouched.
Con:
- Some cuts in public outgoings: jobs, wages, dole;- One [...]

Are you confused by the current economic crisis?
Yes?
Well, here’s what’s happened and what is happening and what will likely happen in the future.
Past: The Clinton administration funded fat mortgages to poor people on poor-quality housing. A lot of paper was issued, backed by this debt. When supply increased way beyond demand, the market [...]