Archive for June 25th, 2012
The Labor Government beat the banks with a wet lettuce for failing to pass on the full RBA rates cuts.
Instead why not tax their super profits and redistribute some their profit to the working class in the form of better social services like health and education, increases in Newstart and tax cuts for workers?
And, given you can’t trust the banks, something their actions have shown, how about regulating their interest rates and other offerings? Price controls over interest rates looks like a good start.
The Muslim Brotherhood’s Mohammed Morsi has won the Egyptian Presidential election. Now to win power back from the generals he’ll have to mobilise the Egyptian people.