Skip to main content

Posts

Showing posts with the label Reserve

Apeman in Singapore - Bukit Timah Monkey Man

The Yeti and Sasquatch are not the only apemen out there. Even Singapore has it very own hairy hominid. He has been named the Buki Timah monkey man. Twelve kilometers from the most populated part of Singapore lies pristine rainforest on the Bukit Timah mountain. People even today get lost in the nature reserve because it is so dense. But tourists flock to the jungle around the summit. Sightings of the creature go back over 200 years. An upright walking animal with a face like a macaque was seen in 1805. It should be noted that a similar creature was recently filmed in an alley in eastern Europe - believed to have escaped from a lab. During WWII Japan occupied Singapore and Japanese soldiers had many sightings. The only photo claiming to be of monkey-man taken is 1905 is not convincing. A closeup shows it is probably a bulldog in a driveway. The "monster" was seen rummaging through a rubbish bin. Searching bins for food is common long-tailed macaque behavior. With so man

Return on Savings to Fall

Banks are to significantly cut the return on money invested. This is not surprising considering the Reserve Bank of Australia (RBA) is cutting interest rates. As the banks follow the RBA down, which they are not obliged to do, they must cut outgoings on term deposits for example. Considering banks make 60 per cent of their funds from various savings products, it is no wonder cutting what they pay out is on the horizon. If rates fall much lower people will be drawing out their savings and hiding their "loot" under the bed. Customers are borrowing less because the bar for loans has been pushed too high. Well, perhaps that is a good thing. Australians were condemned for not saving enough; now they are criticized for not borrowing enough. With an election date already set the government will push for full RBA flow - ons in the popular media. This does not look good for retirees who rely on money put aside in investments for their retirement. Money is getting cheaper in