State of Sydney - 2nd Quarter 2007

Dear Comrades,

These are indeed more difficult times we are facing here in Sydney. Australia is suffering from the worst drought since reliable records in 1910. in In an alarming statement by Prime Minister John Howard last week, he would cut water supplies for agricultural irrigation if there aren't any sufficient rain within 2 weeks. From here, stems 2 major problems:

a) Global warming is apparent. And its time to stop putting blame on oil companies and blame consumerism instead. Cutting down forests, gas emissions, oil companies dont do it. it's consumerism. hail multinational oil corporations, hail shell, hail Jeroen van der veer.

b) Aside from that, this means that water supplies would be cut for agricultural purposes in the Murray Darling Basin, which supplies half of Australia needs. Do you remember when bananas shot up to $14/kg last year? Well, imagine all veges costing that much. We will all eat junk, and get fat together, which is already sexy. An apple could cost $2.00 each, suddenly eating healthy isnt sexy.

Prime Minister John Howard is adamant about keeping the low interest rates. This means we would surely expect the continuation of consumer price hike. Economist for Consumer Goods Division, Sulhi highlighted this worrying trend. This was also highlighted by '60 Minutes show' where everyday goods have risen by 20% since last year. E.g. toilet paper has increased by 50%. I Kid you not, those paper towels are getting expensive, my god. I'm contemplating to use my GEOS and CEIC notes instead, the cheap ones feel like the GEOS and CEIC notes anyway.

Furthermore, wth current market of the housing industry, rent is going to be up between 10-40% pending on area. Randwick city being one of the most densely populated, would expect sharp rent price.

Recommendations:
a) If your place is below 190/week, stay there unless you find a sweeter deal somewhere else.
b) If your place is below 175/week, unless its a roach infested whorehouse, you have got to be crazy to move out.
c) It's good to consider university accomodation. Eventhough you wont live with each other, but that's alright, i suppose.

BASS