Archive for May, 2006

Wednesday, May 31, 2006

Please Hold, You’re Being Recorded

If you’re a serial cheater who just loves a saucy conversations with a lover over a cellphone, or believe the lizard men are out to get you now is perhaps time to worry. In an effort to comply with the Regulation of Interception of Communications and Provision of Communication-Related Information Amendment Bill, at least one of the local cellphone [...]

Filed under: General

Tuesday, May 30, 2006

Ditching Satrix

Earlier today I shunted all my funds previously in Satrix40 out of that tracker fund and into the Itrix FTSE. Such a move is indeed contrary to the philosophy of taking a long term position, yet severals factors troubled me heavily enough to drive me to such action.
Key is the increased risk or volatility present in the market now. It may be [...]

Filed under: General

Monday, May 29, 2006

Ignoring the Obvious

By allowing it (the impasse) to drag on, it will scare away investors and does not augur well for our economy.

The Zimbabwean State controlled newspaper ‘The Herald’ appealing for a solution to the stalemate on the Zimbabwean Stock Exchange that has halted all trading activity on the ZSE completely. One wonders where they’ve been the [...]

Filed under: General

Thursday, May 25, 2006

Cosatu Gets Uppity

This is not a sign of a happy political marriage:

“The main concern of the committee centres on signs that we may be drifting towards dictatorship. This appears in the use of state institutions… in narrow factional fights,” [Cosatu general secretary Zwelinzima Vavi] said.
“We see it in the use of sections of the media to assassinate [...]

Laurence | 23:51:38 | Permalink | Comments (1)
Filed under: General

Ah, Must be One of Those ‘Ironic’ Headlines…

Joburg cops march against ‘corruption’ – IOL.co.za

Laurence | 23:00:37 | Permalink | Comments (2)
Filed under: General

Happy Days are Here

Kenneth Lay and Jeffrey Skilling have been found guilty of the massive Enron fraud.
Hopefully, once they’ve lost their appeal, their favourite friends for the rest of their lives will become the local prison rats. The two of them should after all feel right at home with their own kind.
Alas, pathological liars like these will never admit their [...]

Wayne | 19:34:32 | Permalink | Comment?
Filed under: General

Wednesday, May 24, 2006

Pop Quiz

Who wrote the following?

The owner of the means of production is in a position to purchase the labor power of the worker. By using the means of production, the worker produces new goods which become the property of the capitalist. The essential point about this process is the relation between what the worker produces and [...]

Laurence | 23:15:30 | Permalink | Comments (8)
Filed under: General

Tuesday, May 23, 2006

Temporary Absence

Exams. A word sinister enough to send shivers down the spine of all but the most consciencious of students, especially me, because ‘exam preparation’ is always something I should have done.
So unfortunately, I will be really busy for the next two weeks, and I will probably not be able to do much posting during that [...]

Darren | 23:49:09 | Permalink | Comment?
Filed under: General

The Glass Half Full

It seems the Joburg Metro Police are striking. I understand that a lot of readers might find the presence of hundreds of metro cops marching through the streets inconvenient. But there’s a good side to this: it has afforded us the perfect opportunity to discover whether the Metro Police actually, you know, do anything. For [...]

Laurence | 22:57:40 | Permalink | Comments (1)
Filed under: General

Monday, May 22, 2006

Sell Off Continues

The global emerging and commodity market sell off continues apace. The Russian stock market crash of 9% in a day and the near 10% fall in the Rand recently are only some of the indicators of this. Indeed, the Saudi Arabian market had fallen 36% in dollar terms thus far this year before today and [...]

Wayne | 19:58:24 | Permalink | Comment?
Filed under: General

British Wit

Either you love the typical dry British wit or you just don’t get it:
Round and about the blogs lately I’ve been coming across this meme: there’s a fatigue across the blogosphere. I’d noticed signs of that, I must say; and I keep meaning to think about what the causes of it might be. But I’m [...]

Wayne | 19:33:06 | Permalink | Comment?
Filed under: General

You’re Fired

The Cape High Court has chosen to uphold Wallace Mgoqi’s suspension, saying in no certain terms that his eleventh-hour contract extension by Nomaindia Mfeketo was illegal. This is good news: a sound defeat for the ANC’s tactic of using ANC bureaucrats to disrupt and undermine elected administrations they don’t like. But the “Mgoqi problem”, ultimately, [...]

Laurence | 10:00:11 | Permalink | Comments (6)
Filed under: General

Saturday, May 20, 2006

Inflation Bubble, Interest Rate Toil and Trouble

It’s increasingly dangerous to ignore the possibility of local inflation and interest rate increases coupled with other economic ill for South Africa. Following the global stock market selloff this week worries are growing that global inflation is rising while several nations interest rates may be too low. Both may be set to rise over the medium term, bringing substantial pain [...]

Wayne | 17:51:55 | Permalink | Comments (3)
Filed under: General

How to Create a Bushism

We’re all familiar with “Bushisms”, those often illogical and downright stupid statements attributed to US president George W. Bush. They’re usually very amusing, but are they accurate? Apparently, not always.
Take the collection of Bushisms collected by Slate.com, of which the latest is:

“That’s George Washington, the first president, of course. The interesting thing about him is [...]

Darren | 12:59:09 | Permalink | Comments (2)
Filed under: General
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