the Eye and the Needle.

national | miscellaneous | news report Thursday June 12, 2003 12:42 by iosaf - poor people. barcelona.

how it 'works'.

Many of us are thinking it most unfair that the Deputy and sometime Spokesperson of the Irish Green Party be vilefied for the recent disclosure of over 1.3 million's worth of shares some held in the Chevron Oil corporation. Others are "licking their nasty little class war lips".

How does it "work"?

well let's make it simple.
most IMC readers in Europe and the World survive on less than 10,000 a year.

multiply that by 30.
for a "big chunk of your life".
you get 300,000.

now subtract that from the 1.3 million Slimey Greenie Cuffe had in Oil [the same Oil corp that named a tanker after Condoleenze Rice.]
you get a "million".

Now a "million" is just like a "tenner".
but with 5 zeros added to the end.

If you have a tenner you might like to put in the bank. One year later they might give you between 3 and 12 % interest.
same deal with a million.
quite right.
3000-12000 interest.
very interesting.

But some people like their money to "work" for them.
That is the expression.
Whilst they are busy handing out the literature telling us all how on 10,000 or perhaps a mortage paying 30,000 or more we may make the world a better place by "ethically" investing they allow for 3 years their "political" activity to be paid for [by the grace of God, prospeity and good fortune] by shares in Chevron.

Now a barrel of Oil can not be had on a tenner.
it costs just about 32.5$
it fluctuates.
in the last 3 years as any feastaí greenie economist will know it has fluctuated a lot. and so too has the yield on investment in Chevron shares.
just exaclty how much profit and loss Mr Slimey Greenie Ciaran Cuffe has made shall take another week to estimate.
but it shall be worth the "work".