All positive love and sunshine today then, obviously.
Today I learnt on the radio that the US government has pumped lots of money into the banks so that they are able to lend money more easily because the big problem is that ordinary people have stopped spending in America. They want the banks to be able to extend credit.
Today I learnt on the radio that in Australia, mortgage defaulting is on a significant rise and that in New Zealand, rent defaulting is on a significant rise.
Today on the radio they played an Elvis Costello song about how the army entices young men from poor backgrounds into the army in tough economic times.
Today in the late afternoon I spent time with the people running a programme for young disaffected people who are interested in a career in the miltary or fire services. I heard of how the military services provide widely encompassing support for its people.
Today I thought of my brother joining the army at sixteen. I remembered being the pacifist sister and slowly coming to terms with the good things the army offered and continues to offer young people.
Big price to risk paying though.
While I was listening to the radio, I made hunza pie, a dish using cooked rice, silverbeet and egg to make a pie. I am grateful again that we have chooks and silverbeet in our garden.
I am still coming to terms with the nature of the pain and the changes our community will experience as the global downturn and financial markets crisis makes it's impact here in smallwettown. I knows that material life will change for many and I suspect that we are well placed for job security to feel the pain less than others in our town, our island, our country. What I still wonder is how we will live in an interior way. How will I make sense of these changes? What will be right and wrong? If there are not enough jobs to go round, then which jobs should change? Should we stop having children? (I will personally but that's not what I mean) A society based on endless growth has a clear rationale, even if it isn't one I am ion full agreement with. A society forced to retract - well what is the rationale for that society?
It's better made at home
2 weeks ago
1 comment:
pumping money into banks so they can lend more money... that's the most ridiculous thing I ever heard!! Isn't lending money to people who can't afford to pay it back the reason why the world's finances are in the state they are now!! Shouldn't government's be encouraging people to be frugal with their money, save a bit, what with job security threatenned and all!
Post a Comment