Friday Various government handouts and bankruptcy protection legislation have come to an end, or soon will. Businesses that have been technically insolvent for over a year will begin to close their doors. Many will go under because they cannot pay the rent that they owe for the period when they were forbidden to trade. They desperately need a renegotiation … [Read more...]
Australia Down the Plughole
Saturday I wrote the following in response to a letter from a good friend inviting me, again, to invest in a start-up in Canada. It seemed like a good deal. I had fobbed him off before by saying that my cash flow was bad. He wrote back gently pressing me, which led to the following. On reflection, I decided that it was worth putting up on the blog as a statement of just … [Read more...]