Dr Doom opens up another front for the economic pessimists and warns about Iran

January 30, 2012

Gotta tell The Boss we are under threat – when it comes to the economy, the budget deficit and all that – from a new quarter.

The Boss and his advisers remain relatively chirpy but are a bit bothered about what might happen in Europe.

As he said in his State of the Nation speech the other day, the Government is still on track to get back into surplus in 2014/15 but it would push out the date if the global economy went into meltdown.

The upcoming Budget Policy Statement in February will forecast a surplus in the range of $300 to $500 million, he said.

But referring to the possibility that the Europe debt crisis could push the world back into recession, he said: “If the absolute worst happened and there was a major shock to the global economy, the Government would look at whether retaining that surplus target would actually harm the economy by forcing a sharp reduction in demand…”

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Death sentences for bolshie bloggers seems a bit steep – but would society benefit?

January 28, 2012

It’s great to be blogging from the security of the home office here in Eketahuna.

Alf would have second thoughts about expressing his thoughts on some matters if he was operating out of a house in – let’s say – Iran.

He is valuing his freedom of expression today having learned that the authorities there have arrested at least half a dozen journalists and bloggers.

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Riots in the UK: oh, the shame, when Iran can pitch in with concerns about human rights

August 10, 2011

Cor blimey. Dunno which to catch up with first this morning – rioting in England or the world’s financial turmoil.

But it’s great to see just who is coming up with advice.

After being persistently chided by the US to clean up its act, politically, and become more democratic and less abusive of human rights, the boot is on the other foot.

China is saying it “has every right” to demand the United States tackle its debt problem following the credit rating downgrade by Standard and Poor’s.

The official Xinhua news agency delivered the rebuke.

It said Washington needed to “come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone”.

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A step closer to being blown away

June 3, 2009

Kazakhstan is the place where Borat, its most famous citizen, drinks vodka and traditional Kazakh wine made from fermented horse urine.
But –

Just in case anyone doubted it, Borat’s Kazakhstan is indeed a work of fiction. Horses do not yet have the vote here, women do ride on the inside of buses (and collect the fares too) and the country’s chief Rabbi not long ago praised the government for its support of the small Jewish community

There’s a darker side.
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