Investor concern with South Canterbury Finance appears to be increasing, with the company's first ranking secured Dec 2012 bonds closing at 52c in the dollar on the NZX yesterday for a yield of 40% p.a. Confidence in the company by investors has been falling since the company was downgraded again by Standard and Poors to a lower junk rating, and investment advisor Chris Lee criticised the company.
I'm fascinated by the myriad ways people find to do their own thing, forge their own paths, cooperate with other people, resolve problems, settle disputes and make a dynamic and rich civilisation.
I'm also saddened when I see or see the results of human parasitism, where some people eat, enslave or tax other people, especially when they enlist the moral and practical support of others to make such uncivilised practices seem legitimate, profitable or inevitable.
I hope more people will become socially enlightened to the more civilised ways of treating others.
I aim for personal development through good character and setting a good example for my wife and children.