We hear a lot about so called ‘safe havens’ for investment funds. The United States was a ‘safe haven’ for many US investors and the UK has seemed a safe investment for many funds compared to Europe. It’s not just Government bonds that are seen as ‘safe havens’ by investment fund managers, but blue chip shares too.
I read about the Black Country Food Bank this morning that distributes food to people who are referred by doctors or various agencies. Food banks get the food from the stock piles of the European Union and also donations. They have food stamps in the US too and I have a particular dislike for schemes that treat our citizens as charitable cases. They are necessary but in wealthy countries they make us realise that there is a deep divide between rich and poor. Many people need this food because they have to pay exorbitant council tax, television licence and even rents for social housing is taking up a large chunk of many people’s income. (more…)