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The Credit Crunch Is Good For The Environment
Spiralling petrol prices in the uk and economic slowdown caused by the credit crunch is having some unexpected beneficial side effects on the uks roads. People are getting from A to B quicker with less stressful journeys as a result of an estimated 12 % less traffic on the roads that sees a typical hour journey reduced by almost 5 minuts. With petrol prices currently standing at £1. 20 per litre together with inflation double government targets and ever rising unemployment rates its not hard to see why people are finding alternate forms of transport more desirable. It is estimated that half a million bike journeys are undertaken in London alone every day. Those that remain in their cars are helping the environment and their finances too by reducing speed and burning less fuel as a result. Good news for the environment bad news for bankers.


Most RecentMost Recommended Comments (12)
at 00:53 on August 28th, 2008
Using economic persuasion is a left wing idea. High tax rates on fuel here in the UK to discourage use has led to the positive reduction in car journeys that we are witnesing today. The market if left on its own is a monster and leads to famine, war and has led to global warning. For forty years scientists have been warning that our gluttony is unsustainable. Their reward was to have their funding interfered with by market forces that didnt want the public to hear their message. Development of renewables should have and would have happened decades ago if it wasn't for the untamed capitalist beast
at 10:22 on August 28th, 2008
CIA dependent on usa domestic arrangements backs regimes that supply cheap minerals to international markets or us companies "competition" militarily or otherwise keeps prices "competitive" . Currency speculators cause huge upsets to third world countrys, the national equivalent of buying penny (cent) shares. Trade restrictions (free market ? [for whome] ) on cuba (stolen by the usa in 1892 from the spanish) are the cause of the shortages in cuba. Fidel castro is a Stalinist not a socialist, as was chairman Mau. China has been a capitalist dictatorship for about the same amount of time as Russia. Some kind of server problem makes me "repeat myself" . Although when something is right it is worth hearing again .
at 10:23 on August 28th, 2008
CIA dependent on usa domestic arrangements backs regimes that supply cheap minerals to international markets or us companies "competition" militarily or otherwise keeps prices "competitive" . Currency speculators cause huge upsets to third world countrys, the national equivalent of buying penny (cent) shares. Trade restrictions (free market ? [for whome] ) on cuba (stolen by the usa in 1892 from the spanish) are the cause of the shortages in cuba. Fidel castro is a Stalinist not a socialist, as was chairman Mau. China has been a capitalist dictatorship for about the same amount of time as Russia. Some kind of server problem makes me "repeat myself" . Although when something is right it is worth hearing again .
at 11:24 on August 28th, 2008
You know nothing about politics. The list you mentioned are not the same hence different names socialism is freedom. Tell someone trapped in poverty with more unemployed people than available jobs and no access to health care that they are free. Miners are capable of fixing prices and i said currency speculators not mineral speculators. I think you may have something deeply wrong with your brain.
at 12:20 on August 28th, 2008
If you are educated in politics then you must be a liar. Particularly in regards to african dictators with swiss bank accounts that claim a political allegence. They are liars too. Mineral prices can be manipulated by those in a position to control supply and influence demand (translate into technical terminology if it makes you feel happy). Any more statements you have to make regarding spelling mistaks wood bee appreciated.
at 13:18 on August 28th, 2008
Perhaps I was a bit flippant in calling you a liar. I made my case as regards politics in earlyer comments. Before OPEC oil was sold much more cheaply on "the market". Corruptors always have ways and means of doing things to make an illegitimate profit. Nigerian oil barons blow up pipelines, then, while they are being repaired put in a tap part way up the line to siphon off (estimated) 2- 3 billion dollars worth each year. This could be sponsored by the companies, certainly the Nigerian government is turning a blind eye. The capitalist system is based on credit (against gods laws, I am a religious man). Africa was tricked into debt in the seventys, as a result of repayment of interest (riba, forbidden in islam [jesus overturned the tables of the money lenders] ) Africa starved in the eightys. Most of the mining infer structure is owned by outsiders and profits are taken out of the continent
at 13:34 on August 28th, 2008
World war two was caused by the 1929 stock market crash. Germanys Bankrupt middle classes saw hitler as their savior. The 29 crash was caused by an early form of the futures market , gambling on what would go up and what would go down. Look at all the bad that came out of that war. The rise of stalin (in charge before but with a cemented leadership afterwards) the nuclear arms race, the cold war. Im no imperialist but the break up of the British empire caused chaos around the world, things are worse under the American empire. Interest (futures market) = capitalism
at 13:40 on August 28th, 2008
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at 13:53 on August 28th, 2008
Gods law is law as far as I am concerned. Even if something is a bit inconvenient it is for the best in the long run, as history has shown and is continuing to show. THE CREDIT CRUNCH
at 14:26 on August 28th, 2008
Just pay cash. Bit old fashioned, like to leave the house sometimes, go to shops. Never bought anything online. I am thinking of getting a debit card though. I have a religious question for you though ; how do you explain the scientific miracles of the koran? A book 14 centuries old with details about the development of the human embryo, and the formation of columbinus (rain) clouds?
at 14:46 on August 28th, 2008
Scientific proof of god. I was an atheist and hedonist untill I learnt the truth.
at 15:19 on August 28th, 2008
I like to know what makes people tick too, to know why people are the way they are. Why are you so ante religion ? I plan to write some pieces on science in religion, hope that you will read them. Religion is often used to oppress, it also says in the koran that tyrants and oppressors will burn in hell