World economy
10:12am Thursday 8th May 2008
FIVE recent news items leave you in despair about world economics.
1. Obviously, petrol prices are through the roof and it won't be long, on current trends, before running a car is impossible for people on low, or even moderate, incomes.
2. Many small businesses are facing ruin because of petrol prices.
3. Abroad, including Haiti, next door to the US, children are starving because the grain that should be feeding them has been diverted to the production of biofuel.
4. The oil companies' first quarter profits are at record levels.
5. Some people in this country actually have personal assets of more than a billion pounds.
Beat that for iniquity and injustice. Destructive global trends - social, economic, environmental - are not the fault of ordinary people struggling to make ends meet.
They're the fault of the greedy and callous over-privileged few.
Tony Kelly, Crook, Co Durham
Your sayYourNorth-East
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In this section
- Prison's failings over race tensions
- Investigators examine evidence from hotel fire
- Archie’s a Wii menace
- Driver pierced through chest as van strikes gate
- Hospital could lose A&E service as part of review
- Museum steams in with birthday treat for Minna
- Teenager in manslaughter case will not face a retrial
- We won’t damage henges - Tarmac
- House prices slowing after 161% increase
- Manhole thieves are putting lives at risk
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Prison's failings over race tensions
A NORTH-EAST jail that houses some of the UK’s most dangerous prisoners and terrorists has been accused of not doing enough to deal with racial tension.
Archie’s a Wii menace
LITTLE Archie Lovett is unlikely to ever become a successful entrepreneur after bidding nearly £200,000 for a Nintendo Wii on eBay.
Investigators examine evidence from hotel fire
FIRE investigators will begin to examine evidence uncovered from the remains of an inferno which badly damaged a North-East hotel last week.
Hospital could lose A&E service as part of review
A LEAKED NHS document suggests that a North-East hospital’s emergency department could be downgraded.
We won’t damage henges - Tarmac
A COMPANY that submitted a plan for a controversial quarry extension close to the site of a 5,000-year-old monument has answered its critics.
House prices slowing after 161% increase
HOUSE prices are rising faster in the North-East than anywhere else in the UK, but the market has slowed as salaries continue to lag behind, according to a new report.
Manhole thieves are putting lives at risk
THIEVES are putting lives at risk by stealing manhole covers – and costing council tax payers nearly £200,000 across the region.
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