More outrage

Well I only seem compelled to write here when I have a gripe about something. Again, it's about corporate greed. Our reserve bank, in its wisdom decided to maintain interest rate levels this month, when all the pundits appeared to plump for a rate cut. Well the banks aren't happy with their record profit and seem to want "growth" in their business when healthy profits should suffice. So out comes the axe, in times when finding work is terribly hard, and 1000 ANZ staff are to find new employment. This is on top of 650 announced staff cuts at Westpac last week. On top of this, all four of the big banks here in Oz decide that no, we're not happy Mr Reserve Bank Governor. We wanted to get our profits when you cut the interest rate, by not passing on the full cut. So what we're going to do is PUT UP THE INTEREST RATES of our loans.
In a time when Greece is self-emoliating, when Italy is terribly dodgy, the USA is a basket case, not to mention the state of Ireland and Portugal.
So the lending business is softening, because NO ONE CAN AFFORD HOUSES and everyone is so unsure of the global economy. So you put up interest rates. Right. So where's the logic in that?
In other news the lovely Kate read a whopping 68 pages of Green Eggs and Ham before bed tonight. Year One is going to be a challenge, heaps of homework. Bless them all.