October 8, 2008

Showing the Way

It seems that Christchurch has once again become a world leader.

The council's $16 million bail-out of the failed developer Dave Henderson has been copied not only by the US - though their $1 trillion bail-out was a trifle larger than ours - but also by the UK and Ireland.

It's a pity our city dignitaries did not have the forethought to patent the procedure. Licence fees, rather than rent rises for pensioners, would have paid for the extravagancy.



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