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Interview with the Butchies

Melissa: This is a funny tour, we are doing a week on, week off type thing. This is the end of a week off so we are just doing West Coast.
Kaia: But we did a couple of weeks on the East Coast and this is the beginning of our West Coast run. We flew out here yesterday.

AE: It took three years to get this latest album…
Melissa: Was it three? It wasn't two years?

AE: I thought it was three; it seemed like they were rolling out quick and then this one had a longer time.
Melissa: Yeah yeah, I know exactly.
Kaia: It was recorded for a year before it was released. So it could have been.

AE: Were you shopping around for a distributor?
Melissa: We were. We knew that we didn't want to be on Mr. Lady.
Kaia: Mr. Lady is no longer.



Howard refuses to take rap for rate rise

THE Prime Minister, John Howard, insists his Government remains better placed than Labor to manage the economy despite the Reserve Bank lifting interest rates for the third time since the November 2004 election.

Under pressure from Labor to accept some responsibility and apologise for the 0.25 point increase, Mr Howard refused.

"I don't owe the Australian people anything more than what I've committed to the Australian people and that is to manage the economy well," he said.

Mr Howard said yesterday's rise was necessary to keep inflation in check and stood by his election campaign pledge that interest rates under the Coalition would always be lower than under Labor governments.

"In 13 years of Labor, housing interest rates averaged 12.75 per cent and peaked at 17," he said.



Cash accounts not idling any more

Call it the silver-lining effect. While the talking heads wring their hands over rising interest rates and the danger they present to life in the known universe, I have to confess a tingling sense of comfort.

I like the idea of earning something on my money.

The world, and perhaps the universe, seems a happier place.

Only two years ago money-market mutual funds weren't worth shooting. Bank money-market accounts were worse. Yields were well under 1 percent, and some accounts had no yield at all.

Today, the average money- market account earns well over 4 percent. And yields still are rising. Indeed, with the six-month Treasury bill now earning 5 percent, "idle cash" is coming up in the world.

This is particularly good news for retirees.




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