Tag Archives: air freshener

Mrs Air Freshener Says Hi

20131118 Air Freshener Face 150x150 Mrs Air Freshener Says HiLaura sent in this image of an air freshener.  I have no idea where it was taken or what scent it was.  Maybe it a peach scented one, or maybe banana and kumquat.  I do like kumquat; it’s a funny word and a delicious fruit.  Also, how do we know the air freshener is female and married?  Where is Mr Air Freshener and what does he smell like?  Maybe he’s taking the picture and maybe he smells like lavender.  We’ll never know…

Thanks Laura!

 

 

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It’s all Greek to me

20111106 Air Freshener Face 150x150 Its all Greek to me

Claire sent in a picture of an air freshener and boy do we need one.  Last week Greek Prime Minister George Papandreou caused a stink by announcing a referendum on the previously agreed rescue deal and sent the markets into a spin.

You must have been living on Mars (or simply not interested in politics, the economy and current affairs – which is fair enough) not to have noticed how one small nation in the Mediterranean managed to overshadow the entire G20 summit in Cannes, despite not being part of club itself.  The world looked towards Greece as the Eurozone and the Euro itself teetered on the brink of destruction.  Would George Papandreou, affectionately referred to as G-Pap on Twitter, be pushed or would he jump?  Would there be a referendum on the rescue package or would there be a new unity government backing the deal?

So much fuss was made about this Greek referendum and markets reacted violently as the news broke.  At the time of writing there is still much uncertainty and markets are going to love the latest uncertainty about the coalition government when they open tomorrow.  Latest word from RT is that G-Pap has agreed to resign.  Greek politics seem more uncertain than the economy itself and I’ll believe it when I see it.

All talk

As it turned out, last week was a massive storm in a teacup and Papandreou survived the confidence vote on Friday night.  Funny that – politicians seem to have a knack for causing a storm and subsequently surviving confidence votes, either by means of a massive U-turn or by iron rule, neither of which inspires *ahem* confidence.

I wonder how much of this Greek drama is intrinsically down to the politics and how much is media hype.  And I’m not just talking about mainstream media.  With the advent of Twitter, rumours and hearsay without much substance are rife and wreak disproportionate havoc on the markets.  It is even said that some high frequency trading (looting) algorithms tap into Twitter feeds to get a feel for market sentiment.

In the days before Twitter and even 24-hour rolling news (yes, I remember the days when TV stations would shut down overnight) a story such as this would simply run its course and we would only hear of the end result in the evening’s news, sans all the drama and the speculation.  That’s not to say that amongst those to whom it matters, the drama never existed – of course, those in close proximity to the Greek PM would have heard the rumours, but they would have been contained and stayed as mere chatter.  Speaking of rumours, I heard a rumour on Twitter last night that Berlusconi might face a confidence vote this week.

Answers on a piece of feta cheese

The mainstream media keep reporting that the currently agreed (pending formation of a coalition government) rescue package is the least-worst outcome for Greece and whilst the austerity measures are going to be painful, the alternative would be much more so.

But what is the alternative?  Presumably an exit from the Euro and a default?  To be honest, it’s all Greek to me (awful pun intended).  Is it really more painful to default?  Sure, banks and private investors lose their money – painful for them – and the new Drachma would be severely devalued leading to a higher cost of living for Greeks and the high probability of investors pulling money out of the country.  But looking at the bigger picture, it appears as though we are servicing debt with yet more debt.

Where is the money coming from?  Speaking as a cynic, it sounds like wallpapering over cracks and hoping the problem will go away.  I am not sure we, collectively, can generate enough economic productivity to ever pay it all back.  Wouldn’t it be easier to default and start again?

Surely at some point the entire structure is going to crumble under the increasing debt burden.  And when it does, the impact would surely be much bigger?  Answers on a piece of feta cheese, or as Vic would say, a kaescard.

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