Wednesday, 8 April 2009

Pension stakes bilious bile

Would the backlash and floggings so many fervently wish to heap up against the ex-masters of the universe have been so great, had the banks (retail) and bankers not been so adamant about the righteousness and moral certitude of the overdraft fees and interest charges, they said everyone who had the audacity should expect as a penalty for been lax with their money.

On that level, with the way they forecast this historic record breaking run, they should be put in stocks for at least two years and pelted on a regular basis with: turnips, offal, fed the weakest of gruel, and then have all their assets foreclosed on.

Good to see the shareholders of rbs, voting by a whopping 90% to register disapproval, a shame more didn't vote in previous years.  True the talent might have flown to other institutions, but then there still might have been an independent non-merged bank.  And with this sort of talent spotting, i'd rather try my luck winning the national-lottery jackpot prize four times in a row.

So, in the great unemployment banking stakes

poor average-pay sods: 29,999  vs.  really rich trouter: 1
(or put another way,
newly unemployed rbs employee: £3,343.60p pa.  vs.  ex-head-trout:  £702,000 pa.)

But, could the whole financial meltdown have a silver lining?

The very first paragraph of the first page of the executive summary of the ipcc climate change and water says:

"observational  records  and  climate  projections  provide  abundant  evidence  that  freshwater  resources are  vulnerable  and  have  the  potential  to  be  strongly  impacted  by  climate  change,  with  wide-ranging consequences for human societies and ecosystems."

executive summary, ipcc, climate change & water 2008.

With so much freshwater used for industrial/farming use, maybe this will allow us some breathing space to speed up alternative energy creation, improve energy use efficiency, and drastically reduce the waste we lax consumers in so many countries create.

... now where's that picture again ...

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