Showing posts with label F1. Show all posts
Showing posts with label F1. Show all posts
Saturday, September 27, 2008
F1 values vs Climate Change
I'm sure this is not the mainstream opinion...and unfortunately so because its a reflection of where our values lie. I think the F1 is completely contrary to any attempt to fight climate change. Here we are spending 90 million dollars on building a track, gantries, barriers, extensive lighting to the point that you'd actually forget it was a 'night race' because its as bright as day, and pumping yet more carbon into the atmosphere, wasting petroleum as it is pumped into high velocity race cars which are basically going round and round on a track for the sole purpose of entertainment for what is mainly the rich and middle class. When the world financial system is poised on the edge of a meltdown, fat cat CEOs are getting away will millions of dollars in compensation for FAILED policies and we now have runaway climate change, this is akin to fiddling while Rome burns. How will history remember us? Massive expenditure on parties, catering mainly to rich celebrities who have flown in, expending more carbon. So whats the REAL cost of hosting this race here? not in mere dollars, but in carbon, in wasted electricity, petrodollars, lost business because of road closures....lets have a figure for that!
Monday, September 22, 2008
New Rules
Bill Maher does a segment at the end of his talk show entitled "New Rules". I'm starting my own segment on New Rules tonight........
New Rule #1:
Millionaires should start paying for their own tickets!
An article on page 1 of the Straits Times today mentions that millionaires will be getting free tickets to the F1 race next weekend. Banks in particular will be sponsoring their wealthiest clients with free luxury hotel stays and free grandstand tickets. It kind of stands to reason that if you're a millionaire, you can afford your own paid ticket to the event and your own paid hotel room. So what exactly are you using your millions for then? Well, the banks hope, by paying for your ticket, that you'll just channel it back into the bank!!! I guess wealth begets wealth and greed begets greed.
In the middle of a massive financial crisis where the little guy who invests his hard earned retirement savings in mammoth financial institutions, the little guy who is now very likely losing that investment, because of the greed of these institutions, it appears to be that the fat cats are the ones coming out smelling like roses.
New Rule #1:
Millionaires should start paying for their own tickets!
An article on page 1 of the Straits Times today mentions that millionaires will be getting free tickets to the F1 race next weekend. Banks in particular will be sponsoring their wealthiest clients with free luxury hotel stays and free grandstand tickets. It kind of stands to reason that if you're a millionaire, you can afford your own paid ticket to the event and your own paid hotel room. So what exactly are you using your millions for then? Well, the banks hope, by paying for your ticket, that you'll just channel it back into the bank!!! I guess wealth begets wealth and greed begets greed.
In the middle of a massive financial crisis where the little guy who invests his hard earned retirement savings in mammoth financial institutions, the little guy who is now very likely losing that investment, because of the greed of these institutions, it appears to be that the fat cats are the ones coming out smelling like roses.
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