The Mammalian Daily

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Central Bank issues advisory to Archons

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Multiple Animal currencies may be putting The Park in danger of suffering a severe economic depression.

That is the warning contained in a special advisory to the Archons issued by the Central Bank of The Park.

In the advisory, which was issued this morning, Central Bank governor, Bravessa Contadora, strongly recommended that the Archons take swift action to amalgamate The Park’s Animal currencies “before the Ftoo becomes virtually worthless in the outside world.”

Speaking at a press conference following the advisory’s release, Contadora acknowledged the past controversy surrounding the issue, and said she wished to be sensitive and respectful to those who oppose a single currency.

“I realize that groups such as APIC (Association for the Preservation of Individual Currencies) have been fighting this for a long time and, to a large degree, they’ve been successful.  But, to what end?  If we are to preserve our trading position with the world outside The Park, we need a strong, amalgamated currency.  I see no other option for The Park,” she said.

She went on to explain that trade in so many different currencies is “just too difficult to fathom for those who live in a one-species world” and that, in her opinion, The Park had no hope of increasing exports unless it adopted a simplified currency.

The Park’s 35 Archons have, thus far, remained silent on the issue.  A statement is expected later in the day.

Park weather office blasts budget, proposes radical change

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PWO Budget Reconfiguration

The Park’s Weather Office has launched a formal complaint against The Finance Office after the release, last week, of its Expense Projections for 2012.

In a statement released this morning, the PWO charged that “a recent history of underfunding of weather in The Park has resulted in reduced crop sizes, diminished coats, domicile destruction and even, perhaps, a rise in Animal illnesses.”

While some of the charges might be difficult to prove, the PWO has authority on its side when it comes to reduced crop sizes and food shortages.

“The past few years have seen the worst harvests in The Park,” says A.P. Civet, of the Society of Concerned Park Cultivators, Planters, Growers, and Farmers (SCPCPGF).  “Not coincidentally, these were the years of cutbacks, when funding for weather purchases was at its lowest.  It may seem fine to those [Animals] in the Finance Office to replace rain with wind and to buy dull days by the pack, but you can’t grow food like that,” he said.

The Park Weather Officers don’t need convincing.  They have put together a counter-proposal, which they are hoping the Archons will review and send to the Finance Office for implementation.

“At the present time,” said a spokesAnimal for the Weather Office, “the weather budget comes out of the 11 per cent of the budget that is allocated for groundskeeping and water maintenance.  A measly 15% of that 11% total has been used for weather purchases.  We are proposing to more than double that amount to 35%.  We feel that figure will give us the leverage we need to buy the kind of weather that will result in abundant harvests.  The Park’s population is growing at an alarming rate and our [food] requirements are growing along with that. This is no time to be cutting back and risking more shortages,” the spokesAnimal said.

Expense Projections show high cost of Park security

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Park Expense Projections 2012The release of The Park’s Expense Projections for the coming year has put into sharp focus the high cost of securing the safety of Animals in The Park.

The budgetary figures, which were released this morning by The Park’s Finance Office, offer a window into the challenges faced by administrators when it comes to guarding the lives and property of Park residents.

“We can’t bury our heads in the sand,” said Park Finance Officer, Milton Struts, when questioned about the high cost of security at a press conference following the release of the figures.

“We live in a turbulent world…in which the mood can change in a flash. That is the new reality, and we have to be prepared for the consequences of that reality,” he said.

The “new reality” that The Park faces is expensive, and accounts for a projected increase of 25 per cent over this year for services such as The Park Police, the Ant Security and Intelligence Agency, and The Park’s Guard Dogs.  While some increase in security may be warranted, many of those poring over the figures at the press conference worried openly about the effect the increase will have on the quality of life in The Park.

“Our resources are limited and if so much goes to the Guard Dogs, what will be left for the enjoyment of life?” asked one Park resident at the conference.

Groundhog Day fest victim of Park’s economic woes

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The mood is sombre in the office of Wyatt Whistlepig, Jr.

“No one envies me these days,” says the chief organizer of The Park’s Groundhog Day celebrations.

Less than two weeks before one of the biggest events in The Park’s calendar, The Department of Holidays, Festivals, and Celebrations has slashed his budget, sending Whistlepig scrambling out of his hibernaculum to make sure this year’s celebrations properly reflect the tenor of the festivities.

“This holiday is a major Park occasion. It signals the coming of Spring, the renewal of life, the hope of the future. It is not just about a prediction; it is about a certainty — the certainty that we have survived, and that we will thrive, no matter what we face,” Whistlepig proclaims.

While Whistlepig says he “disputes” the notion that the celebration requires a big budget, he believes it is a mistake to tone down celebrations, particularly at a time of hardship.

“I don’t believe in restraint when it comes to celebrations. I think they [the Department] are underestimating the resilience of Park Animals. We will get through this [economic] tunnel and come out the other end. Saving a few Ftoo here and there is not going to make any difference to the outcome.”

Regardless of the size of the celebration, Whistlepig is confident that all Animals will enjoy the festivities.

“This is not a celebration to miss,” he says. “No matter how big or small, it is a very important part of The Park’s social season, and it speaks to our sense of ourselves as Park citizens. No one should miss it.”

Groundhog Day celebrations will begin 1 Barnabus with the prediction of 28 AZ POPS (Park Official Prognosticator of Spring), Elisabetta Mary Marmot. The prediction is expected to occur any time between 07:33 and 07:49. Following the sealing of the Proclamation, the Archons will deliver their annual Groundhog Day address. The Groundhog Day Parade is scheduled to begin at 08:30, followed by the 2-kilometre tunnel race. Food stations will remain open from 08:00 until 3:00.. The full Groundhog Day schedule will be posted at the Law Courts on 28 Proto.

Marine Mammal Bank posts record gains in first quarter

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The Marine Mammal Bank of the Park (MMBP) has reported record first-quarter gains for 2008, thanks to the performance of its personal banking division.

The Park’s third largest bank reported an increase in deposits of 150% over the same period last year. The bank now estimates earnings for 2008 at twice those of last year. That figure was revised upward from a previous estimate of 160%.

According to Park law, banks that do business solely in The Park are not required to report their earnings in exact figures. Traditionally, Park banks have made public reports in earnings percentages, reserving exact figures for The Park Finance Office.

The growth in deposits to the MMBP is a result of the bank’s aggressive recruitment of funds from non-traditional sources, according to the bank’s Chief Executive Officer. Alphonse Dolphin said the bank is finding new and “innovative” ways to increase its clientele, including reaching out to new immigrants and to estivating species, in particular.

“This idea of reaching out to other species and to new citizens and responding directly to their particular needs and concerns… it’s a new idea in Park banking,” he said. “I’m sure it will become the norm in short order; we just happened to dive in ahead of everyone else.”

According to Park financial analyst and bank watcher, Veronique Jackal, the MMBP has done a “complete turnaround” in their priorities and it stands to gain significantly from this strategy.

“Unlike other [Park] banks, the Marine Mammal has decided to concentrate on personal banking, offering new customers interest at significantly higher rates [than other banks], as well as services that are geared to encouraging savings. This [strategy], coupled with their decision to reach out to the immigrant population and, in particular, to estivators – Animals that, historically, have been savers but who have not, traditionally, used the services of banks – will result, I believe, in massive gains for them [the bank] in the coming years.”

Other Park bank watchers agree, predicting that the MMBP is poised to overtake The Monotreme Savings Bank this year and sneak into second place behind the behemoth Founding Families Financial Corporation.

This article first appeared in Issue #118 of The Mammalian Daily.

Single currency debate heats up in Park; public forum to be held in Autumn

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The Flamingo and the Ftoo

Will one currency fit all Animals?

BREAKING NEWS

When Theodora Manx goes shopping, she brings six different currencies along as her companions.

Since most Park establishments no longer accept Manx currency, she is forced to convert it, sometimes at very high rates, to the currencies of several other Animals.

“They don’t take Manx currency in The Park anymore,” she complains. “They say the coins have to have both heads and tails or they won’t accept them.”

Since she can’t use her own currency and she feels no particular loyalty to any other, the idea of a single, common currency in The Park appeals to the Manx.

“I think it would add a degree of fairness to prices in The Park,” she reasons.

The Manx may be correct. An informal survey conducted by this newspaper revealed that several shops in The Park appear to have “creative” ways of adjusting prices, depending on which currency is used.

“You definitely get a better price if you use the Ftoo,” says Aidan Zebra. “But that only works in your favour if you get paid in the Ftoo. Those of us who don’t [receive their pay in the Ftoo] pay a heavy price to convert it, just for the sake of making it easier on the shopkeepers.”

Still, there are others who oppose any currency amalgamation.

“It’s a matter of pride in your own species, I think,” says Rowena Goose. “It would be like giving up my identity.”

The Goose is the president of an anti-amalgamation group that says it will do everything in its power to prevent the institution of a common currency in The Park.

For their part, Park Finance Officers have assured resident Animals that all opinions will be taken into consideration after a Public Forum is held this Autumn.

“We want to make sure there is consensus before we move forward on this idea,” said a spokesanimal for the Finance Department.

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