Stazjia’s Commentary

Posts Tagged ‘governments

British £50 notes

British £50 notes

It seems that Prime Minister, Gordon Brown may have had the answer for the rest of the world with his plan for government to buy shares in failing banks in the interests of stopping a slide into recession by propping up the economy and restoring faith in world markets.

Here in the UK, however, banks are saying that the conditions the government is imposing in return for help are too onerous. The British Government will buy preferential shares that have to be repaid before shareholders can receive a dividend. Lloyds TSB are trying to negotiate better terms.

Just when everybody was hoping things wouldn’t get worse, they got worse. Figures released by the UK’s Office of National Statistics yesterday (15 Oct, 2008) shows the biggest rise in job losses since 1991. These figures only account to August this year and unemployment is likely to go even higher this and succeeding months. In fact, David Blanchflower of the Bank of England told The Guardian newspaper that unemployment figures could top 2 million by Christmas.

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Zimbabwe

Posted on: June 29, 2008

I hear that Mugabe is declaring a landslide win in the so-called election in Zimbabwe. This man either lives in his own fantasy world or thinks he really is fooling people in spite of evidence to the contrary in the international press.

At least Nelson Mandela and Archbishop Tutu have come out clearly and spoken against him. I wonder if that will have any effect on Thabo Mbeki, South Africa’s president. I understand that in Africa Mugabe is seen as a liberator from colonial rule but with annual life expectancy for men and women in Zimbabwe now around the mid 30s, government thugs killing, beating and terrorising people, hyper-inflation and starvation, how can African leaders, particularlyly Mbeki, not take a stand against Mugabe? This is especially important for the country’s neighbours who are having to cope with an influx of Zimbabwean refugees.

How has Mugabe come to this point where he isn’t moved by the suffering of his own people when he was once hailed as their saviour?