No interest at all

Though the headline might put you off, we must ask: why are interest rates dropping, who does it affect and where will it all end? Few people would be unaware that the Reserve Bank of Australia (RBA) dropped the official cash rate to 1.50% on August 2, the lowest rate since records have been kept. The supposed reason is to stimulate the economy (that is, to encourage spending and borrowing). It is theoretically OK to…

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Bedside manners

So I’m visiting John in hospital and it’s just as well I didn’t come the day before, he says, because he was in a world of pain. Knee operations are like that. Hospital rooms evoke all kinds of memories, most of them not very pleasant, even a private room with a TV, telephone and a view of the painless world. John was telling how his daughter phoned on his world of pain day to see…

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