Enter your Email Address


Useful Links

Know What The Insiders Are Doing!
Stock Trading Software

More Links




[Most Recent Quotes from www.kitco.com]

[Most Recent Quotes from www.kitco.com]




Kill the glass white elephant in Dunedin with a rates revolt

Bernard Hickey (February 9th, 2009) Writes:

To be fair to the good burghers of Dunedin (though I’m not feeling very charitable at this moment), they are not the only people in the world doing stupid things right now with other people’s money.

Sports stadiums seem to hypnotise local politicians. All around the world they lose their senses whenever a much-loved sports team asks for subsidies or grants for a fancy concrete and glass monument. In America the pressure is even greater because sports franchises there are mobile and threaten to jump to other cities if they don’t get their big toy. It happens too in Australia (the Telstra Dome in Melbourne and the ANZ Stadium in Sydney are both bankrupt) and Britain (Google “Wembley Stadium” and “delay” to find 44,800 links in 0.33 seconds for a laugh).

Dunedin City Council doesn’t even have the imminent threat of the Highlanders departing as an excuse. The Highlanders are unlikely to


Newsletter

No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.