Decrying Defaulted Loans of Deadbeat Corporations, One Million Indian Bank Workers Hold 48-Hour Strike
Rejecting banks' excuses for paltry raise proposal, union leaders say ordinary employees shouldn't have to pay to price for bad loans
Now that's what I call a strike something Australia seems to have forgotten. Workers get 2% pay rise corporations get 21% average profit and a government offering them tax cuts. Only unions were able to counter the immorality of corporate practices to which nobody was ever charged.
- If one is looking for reasons to justify a Royal Commission into banking here is a small but significant one. The cash rate is 2%. The bank card rate on credit is 21% or thereabouts. A 19% differential.Here is another. Why is it, if you try to get a $10k personal loan unsecured at around 8% you have a 50/50 chance of being knocked back, but banks can’t give you a $10k credit card at 20% quick enough?
A part-time bureaucrat appointed by former Prime Minister Tony Abbott to appease wind farm critics earned $205,000 a year to resolve one complaint a week – most relating to wind farms that have not yet been built.
Rising electricity costs were one factor, but so too was the tumbling price of large-scale clean energy, Mr O'Sullivan said: “Ultimately this will leave the business financially better off”.Andrew Bolt economic whizz will tell you these global corporations like Nestles don't know what they are doing. However no he won't these moves by the world's largest corporations will be withheld by Bolt and News Corp.
While a few high-profile businesses have made a virtue of supporting renewable energy - such as Sanjeev Gupta's "green steel" plan for the Whyalla steelworks - few companies in Australia have also set a net-zero greenhouse gas emissions goal.