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	<title>
	Comments on: Can&#039;t afford steak, but a big-screen TV is fine	</title>
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	<link>https://daphnecaruanagalizia.com/2010/06/cant-afford-steak-but-a-big-screen-tv-is-fine/</link>
	<description>Daphne Caruana Galizia is a journalist working in Malta.</description>
	<lastBuildDate>Mon, 28 Jun 2010 05:26:50 +0000</lastBuildDate>
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		<title>
		By: J Bianco		</title>
		<link>https://daphnecaruanagalizia.com/2010/06/cant-afford-steak-but-a-big-screen-tv-is-fine/#comment-56544</link>

		<dc:creator><![CDATA[J Bianco]]></dc:creator>
		<pubDate>Mon, 28 Jun 2010 05:26:50 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=7280#comment-56544</guid>

					<description><![CDATA[It seems to me that sales of television sets are definitely not a reflection of the poverty that many are today feeling. Yes, there are many managers, politicians, financial services managers making a good buck, but there are many families struggling to make ends meet.]]></description>
			<content:encoded><![CDATA[<p>It seems to me that sales of television sets are definitely not a reflection of the poverty that many are today feeling. Yes, there are many managers, politicians, financial services managers making a good buck, but there are many families struggling to make ends meet.</p>
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		<title>
		By: Joseph A Borg		</title>
		<link>https://daphnecaruanagalizia.com/2010/06/cant-afford-steak-but-a-big-screen-tv-is-fine/#comment-56543</link>

		<dc:creator><![CDATA[Joseph A Borg]]></dc:creator>
		<pubDate>Mon, 21 Jun 2010 10:47:05 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=7280#comment-56543</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2010/06/cant-afford-steak-but-a-big-screen-tv-is-fine/#comment-56539&quot;&gt;Joseph A Borg&lt;/a&gt;.

Il-pajjizi tal-Ażja li rnexxielhom ikabbru l-ekonomija tagħhom wara l-gwerra, inklużi il-Ġappun, Korea t-Isfel u Taiwan wasslu għax kellhom kontroll fuq l-importazjoni u żammew kappa fuq kemm l-investiment barrani seta&#039; jikkontrolla l-ekonomija. Iċ-Ċina hekk għadha!

Dawk il-pajhjiżi li fedħu s-suq tagħhom bla kontroll spiċċaw imdejnin iktar minn qabel… grazzi għall-pariri tal-IMF u l-World Bank.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2010/06/cant-afford-steak-but-a-big-screen-tv-is-fine/#comment-56539">Joseph A Borg</a>.</p>
<p>Il-pajjizi tal-Ażja li rnexxielhom ikabbru l-ekonomija tagħhom wara l-gwerra, inklużi il-Ġappun, Korea t-Isfel u Taiwan wasslu għax kellhom kontroll fuq l-importazjoni u żammew kappa fuq kemm l-investiment barrani seta&#8217; jikkontrolla l-ekonomija. Iċ-Ċina hekk għadha!</p>
<p>Dawk il-pajhjiżi li fedħu s-suq tagħhom bla kontroll spiċċaw imdejnin iktar minn qabel… grazzi għall-pariri tal-IMF u l-World Bank.</p>
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		<title>
		By: Maryanne		</title>
		<link>https://daphnecaruanagalizia.com/2010/06/cant-afford-steak-but-a-big-screen-tv-is-fine/#comment-56542</link>

		<dc:creator><![CDATA[Maryanne]]></dc:creator>
		<pubDate>Fri, 18 Jun 2010 19:41:25 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=7280#comment-56542</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2010/06/cant-afford-steak-but-a-big-screen-tv-is-fine/#comment-56539&quot;&gt;Joseph A Borg&lt;/a&gt;.

Il-punt ma kienx li dawn l-affarijiet rohsu mad-dinja kollha, izda li dak iz-zmien hawn Malta kienu jiswew it-tripplu ta&#039; pajjizi ohra minhabba dazju, levies u ma nafx xhiex iktar. Eh iva, naf xhiex iktar... it-tixhim li ridt ixxahham... Ghax ma ninsewx li mil-Gappun (u nsejt fejn iktar) ma seta&#039; jidhol xejn minhabba xi embargo, imqar jekk parti minnu biss kienet mill-Gappun!]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2010/06/cant-afford-steak-but-a-big-screen-tv-is-fine/#comment-56539">Joseph A Borg</a>.</p>
<p>Il-punt ma kienx li dawn l-affarijiet rohsu mad-dinja kollha, izda li dak iz-zmien hawn Malta kienu jiswew it-tripplu ta&#8217; pajjizi ohra minhabba dazju, levies u ma nafx xhiex iktar. Eh iva, naf xhiex iktar&#8230; it-tixhim li ridt ixxahham&#8230; Ghax ma ninsewx li mil-Gappun (u nsejt fejn iktar) ma seta&#8217; jidhol xejn minhabba xi embargo, imqar jekk parti minnu biss kienet mill-Gappun!</p>
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		<title>
		By: Joethemaltaman		</title>
		<link>https://daphnecaruanagalizia.com/2010/06/cant-afford-steak-but-a-big-screen-tv-is-fine/#comment-56541</link>

		<dc:creator><![CDATA[Joethemaltaman]]></dc:creator>
		<pubDate>Thu, 17 Jun 2010 20:39:11 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=7280#comment-56541</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2010/06/cant-afford-steak-but-a-big-screen-tv-is-fine/#comment-56526&quot;&gt;David Buttigieg&lt;/a&gt;.

Very true, David. We usually dine out as a break from the daily routine. Since we&#039;re too old for noisy bars, a nice pizza and a good Merlot on a cool terrace are unbeatable. Maybe Joseph still thinks that &quot;biex inkunu bħal ħaddieħor&quot; we have to have a steak, &quot;Li ma tmurx tarana Zeza nieklu l-pizza x&#039;waħda din&quot;.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2010/06/cant-afford-steak-but-a-big-screen-tv-is-fine/#comment-56526">David Buttigieg</a>.</p>
<p>Very true, David. We usually dine out as a break from the daily routine. Since we&#8217;re too old for noisy bars, a nice pizza and a good Merlot on a cool terrace are unbeatable. Maybe Joseph still thinks that &#8220;biex inkunu bħal ħaddieħor&#8221; we have to have a steak, &#8220;Li ma tmurx tarana Zeza nieklu l-pizza x&#8217;waħda din&#8221;.</p>
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		<title>
		By: John Baptist Religioso.		</title>
		<link>https://daphnecaruanagalizia.com/2010/06/cant-afford-steak-but-a-big-screen-tv-is-fine/#comment-56540</link>

		<dc:creator><![CDATA[John Baptist Religioso.]]></dc:creator>
		<pubDate>Thu, 17 Jun 2010 10:58:15 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=7280#comment-56540</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2010/06/cant-afford-steak-but-a-big-screen-tv-is-fine/#comment-56524&quot;&gt;Vuvuzera&lt;/a&gt;.

U it-televisions tal-kulur u l-video recorders li kienu jiddahlu bil-kuntrabandu u jinbieghaw sahansitra minn ghand tal-grocer? Bi prezzijiet m-ghola s-sema. Kulhadd jiftakar il-mijiet li kienu marru jirregistraw is set taghhom meta kienet inghatat l-amnesstija biex tigi ir-regolizzata is-sitwazjoni. Il-veru konna pajjiz tal-Mickey Mouse.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2010/06/cant-afford-steak-but-a-big-screen-tv-is-fine/#comment-56524">Vuvuzera</a>.</p>
<p>U it-televisions tal-kulur u l-video recorders li kienu jiddahlu bil-kuntrabandu u jinbieghaw sahansitra minn ghand tal-grocer? Bi prezzijiet m-ghola s-sema. Kulhadd jiftakar il-mijiet li kienu marru jirregistraw is set taghhom meta kienet inghatat l-amnesstija biex tigi ir-regolizzata is-sitwazjoni. Il-veru konna pajjiz tal-Mickey Mouse.</p>
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		<title>
		By: Joseph A Borg		</title>
		<link>https://daphnecaruanagalizia.com/2010/06/cant-afford-steak-but-a-big-screen-tv-is-fine/#comment-56539</link>

		<dc:creator><![CDATA[Joseph A Borg]]></dc:creator>
		<pubDate>Wed, 16 Jun 2010 12:56:22 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=7280#comment-56539</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2010/06/cant-afford-steak-but-a-big-screen-tv-is-fine/#comment-56536&quot;&gt;Riya&lt;/a&gt;.

&lt;em&gt; Illum tixtri 7 DVDs b’dawk il flus&lt;/em&gt;

Trid tirringrazzja lil Nixon li ħalla &#039;l Kissinger jiftaħ il-bibien għaċ-Ċina. Kieku llum nini nini tixtri DVD b&#039;Lm70.

Issa naraw kif se jitilgħu il-prezzijiet la darba ċ-Ċina bdiet iżżid il-pagi lill-ħaddiema, għalmenu sa kemm jiżdiedu l-fabbriki il-Vietnam, Cambodia u eventwalment l-Afrika.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2010/06/cant-afford-steak-but-a-big-screen-tv-is-fine/#comment-56536">Riya</a>.</p>
<p><em> Illum tixtri 7 DVDs b’dawk il flus</em></p>
<p>Trid tirringrazzja lil Nixon li ħalla &#8216;l Kissinger jiftaħ il-bibien għaċ-Ċina. Kieku llum nini nini tixtri DVD b&#8217;Lm70.</p>
<p>Issa naraw kif se jitilgħu il-prezzijiet la darba ċ-Ċina bdiet iżżid il-pagi lill-ħaddiema, għalmenu sa kemm jiżdiedu l-fabbriki il-Vietnam, Cambodia u eventwalment l-Afrika.</p>
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		<title>
		By: Joseph A Borg		</title>
		<link>https://daphnecaruanagalizia.com/2010/06/cant-afford-steak-but-a-big-screen-tv-is-fine/#comment-56538</link>

		<dc:creator><![CDATA[Joseph A Borg]]></dc:creator>
		<pubDate>Wed, 16 Jun 2010 12:49:22 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=7280#comment-56538</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2010/06/cant-afford-steak-but-a-big-screen-tv-is-fine/#comment-56533&quot;&gt;Karl Flores&lt;/a&gt;.

Not very much. Reading recent stories of how management of large corporations and banks ended up taking increasingly riskier decisions in the hope of striking lucky returns to cancel a bad downturn, I doubt smaller businesses do much different…

I&#039;m certainly not implying all businesses act the same, but I&#039;m simply stating that extrapolating from a couple of choice examples to form the basis for the headline is not good, honest writing in my book.

Banks that close businesses because they&#039;re in a bad patch wouldn&#039;t get much new business. I doubt banks decide to stop serving a particular business simply on what&#039;s in the books…]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2010/06/cant-afford-steak-but-a-big-screen-tv-is-fine/#comment-56533">Karl Flores</a>.</p>
<p>Not very much. Reading recent stories of how management of large corporations and banks ended up taking increasingly riskier decisions in the hope of striking lucky returns to cancel a bad downturn, I doubt smaller businesses do much different…</p>
<p>I&#8217;m certainly not implying all businesses act the same, but I&#8217;m simply stating that extrapolating from a couple of choice examples to form the basis for the headline is not good, honest writing in my book.</p>
<p>Banks that close businesses because they&#8217;re in a bad patch wouldn&#8217;t get much new business. I doubt banks decide to stop serving a particular business simply on what&#8217;s in the books…</p>
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		<title>
		By: Karl Flores		</title>
		<link>https://daphnecaruanagalizia.com/2010/06/cant-afford-steak-but-a-big-screen-tv-is-fine/#comment-56537</link>

		<dc:creator><![CDATA[Karl Flores]]></dc:creator>
		<pubDate>Wed, 16 Jun 2010 09:50:18 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=7280#comment-56537</guid>

					<description><![CDATA[Dear Daphne,

We ought to thank you for giving us the opportunity to participate in your blog.

The most important/healthy aspect of it is that anyone can comment and participate. Keep up with your excellent work, tough as it may be.]]></description>
			<content:encoded><![CDATA[<p>Dear Daphne,</p>
<p>We ought to thank you for giving us the opportunity to participate in your blog.</p>
<p>The most important/healthy aspect of it is that anyone can comment and participate. Keep up with your excellent work, tough as it may be.</p>
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		<title>
		By: Riya		</title>
		<link>https://daphnecaruanagalizia.com/2010/06/cant-afford-steak-but-a-big-screen-tv-is-fine/#comment-56536</link>

		<dc:creator><![CDATA[Riya]]></dc:creator>
		<pubDate>Tue, 15 Jun 2010 23:22:37 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=7280#comment-56536</guid>

					<description><![CDATA[@ Vuvuzera

Biex tixtri &#039;video player&#039; kont thallas Lm700, u tal-kuntrabandu. Illum tixtri 7 DVDs b&#039;dawk il flus. Imma fiz-zmien il-Labour konna ahjar! Kellhom bzonn it-tfal tal-llum jafu min xiex ghadda l-pajjiz fiz-zmien il-Labour. Anke il-karrozzi kienu bil-kwota. U l-bazuzli bil-Mercedes u bil-BMWs.]]></description>
			<content:encoded><![CDATA[<p>@ Vuvuzera</p>
<p>Biex tixtri &#8216;video player&#8217; kont thallas Lm700, u tal-kuntrabandu. Illum tixtri 7 DVDs b&#8217;dawk il flus. Imma fiz-zmien il-Labour konna ahjar! Kellhom bzonn it-tfal tal-llum jafu min xiex ghadda l-pajjiz fiz-zmien il-Labour. Anke il-karrozzi kienu bil-kwota. U l-bazuzli bil-Mercedes u bil-BMWs.</p>
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		<title>
		By: Karl Flores		</title>
		<link>https://daphnecaruanagalizia.com/2010/06/cant-afford-steak-but-a-big-screen-tv-is-fine/#comment-56535</link>

		<dc:creator><![CDATA[Karl Flores]]></dc:creator>
		<pubDate>Tue, 15 Jun 2010 23:20:58 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=7280#comment-56535</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2010/06/cant-afford-steak-but-a-big-screen-tv-is-fine/#comment-56533&quot;&gt;Karl Flores&lt;/a&gt;.

The percentage of the population who bought/did not buy large TV&#039;s is not a measurment in itself. Instead I would count on the total value of the TVs sold.

Selling two leather jackets X €100 each, making 30 o/o profit i.e. €60 g.p. = selling 4 synthetic jackets X €50 each, making 30 o/o profit. i.e. €60 g.p. as well.

Consequently selling, for eg. 5/600 pizza&#039;s a night, yields the same profit as though selling 60 steaks a night.

Like the leather and synthetic jacket.  Both contribute towards the GDP.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2010/06/cant-afford-steak-but-a-big-screen-tv-is-fine/#comment-56533">Karl Flores</a>.</p>
<p>The percentage of the population who bought/did not buy large TV&#8217;s is not a measurment in itself. Instead I would count on the total value of the TVs sold.</p>
<p>Selling two leather jackets X €100 each, making 30 o/o profit i.e. €60 g.p. = selling 4 synthetic jackets X €50 each, making 30 o/o profit. i.e. €60 g.p. as well.</p>
<p>Consequently selling, for eg. 5/600 pizza&#8217;s a night, yields the same profit as though selling 60 steaks a night.</p>
<p>Like the leather and synthetic jacket.  Both contribute towards the GDP.</p>
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