QANTAS Slash Jobs

QANTAS slashed jobs today in a bid to protect profit. Apparently they have downgraded their profit forecast to somewhere between $100 Million and $200 Million.

What right do big companies like this have to make multimillion dollar profits like this when everyone else is expected to do it tough?

Global financial crisis hits Hairy Goat Media

That's right, Hairy Goat Media has been struck down by the global financial crisis. As a result all posting had been suspended pending bailout from government authorities.

US President Obama has just announced a 100 billion dollar bailout of Hairy Goat Media. The money arrived in the mail today - Hairy Goat is back!

How Will They Cope?

Last week Telecom New Zealand announced their annual operating profit fell 15.5% for the last financial year.

Apparently they made a disappointing $NZ713,000,000.

However will they cope with only making three quarters of a billion dollars? I guess they'll have to overcharge even more.

The Price You Pay

Tonight upon going to the supermarket, my wife and I noticed that petrol was priced at $1.36.9 at the nearby Caltex.

That's a few cents down on last time we gassed up. So the plan was made - do the shopping, then get some fuel.

But less than an hour later, the same service station had changed the price to $1.44.9.

The price of a barrel of crude oil dropped over night by around $US3.

So.... Ummm... How the hell does the price increase!

Crude oil goes up - the price per litre goes up.

Crude oil goes down - it seems the price still goes up.

I wonder if my boss would accept me asking for money just because I feel like it on the day?

In fact, you owe me $1.25 for reading this post (tomorrow it'll be $1.40.9, so count yourself lucky!)