The Park’s economy has begun to react to the release of data from the 25 AZ Census. The Park Census Office (PCO) released the first data, which covers Park population and dwelling counts, at the end of December, 2010. Shortly thereafter, a spike in the value of Marine Mammal currencies caused the Central Bank of The Park to halt currency trading until after the New Year. The currencies hit record highs when the PCO reported that immigration had fuelled the growth in The Park’s population. The Marine Mammal Bank of The Park has been the major lending institution to Park immigrants since 12 AZ.
Pop-up Retail: What is Your Opinion?
The Park’s Finance Office believes that pop-up retail stimulates the economy. The Park Association of Shops and Services (PASS) believes otherwise.
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Park Postal Service issues first commemorative stamp
The Park Postal Service introduced its first commemorative stamp yesterday. The stamp, which honours Jor, The Park’s first leader and the founder of modern zoocracy, features a rarely-seen photograph of Jor. The caption reads, simply, “Our First Leader.”
The stamp carries a value of 55 in Cow currency (approximately .11 Ftoo) and will be available for purchase by 22 Proto.
This is the first time in its history that the Postal Service has issued commemorative stamps. According to a Postal Service spokesanimal, the decision was taken because it was felt that “such honours were long overdue.”
Groundhog Day fest victim of Park’s economic woes
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.
Grooming Houses report sharp drop in revenue
The Park’s grooming houses have experienced a sharp drop in revenue over the past few months, according to information contained in a report issued today by The Park’s Finance Officers.
Entitled, “A Report to the Archons on the State of the Park’s Economy,” the document cites new financial data that indicate the drop in revenue is due to the proliferation of “pop-up” grooming establishments in The Park.
According to Chief Financial Officer, Mercedes Ardilla, The Park’s grooming house owners, who are members of the Park Association of Shops and Services (PASS), have requested a meeting with the outgoing group of Archons in order to discuss new licencing regulations for all Park retail establishments. According to PASS president, Wellington Whistlepig, their plan is to get a commitment from the Archons before their term ends in Proto 28 AZ.
In the past, the Archons have been reluctant to deal directly with the contentious issue of licencing retail establishments in The Park. PASS members believe that they have a good chance of changing that now, given their dire economic situation. Also in their favour, says Whistlepig, is the fact that The Consumer Protection Agency of The Park (CPAP) is currently investigating a number of “shady” refurral services, the majority of which are classified as “pop-up” grooming houses. Given the low level of consumer satisfaction experienced when using these pop-up groomers, Whistlepig says he is confident the Archons will see the value of licencing, both for the consumer and the retailer.
UWT to enact hiring freeze
The University of West Terrier will enact a hiring freeze, effective 01 Myrodia.
The hiring freeze will apply to all faculty and staff appointments for the years 27 and 28 AZ, the Governors of the University announced at a press conference today.
Citing reductions in operating grants and other budgetary constraints, the Governors said that they were forced to conclude that significant cuts would have to be made in order for the University to deliver “the high quality of education for which it is renowned.”
The Governors said that, before reaching this conclusion, they had held a series of meetings with The Park’s Finance Office, as well as with a number of independent donors.
“The Park’s economy is in crisis. The Finance Office fears it cannot meet all its obligations for 27 AZ and, therefore, they told us, we must be prepared to operate on a more limited budget,” the Governors said.
The Governors’ decision was not made lightly, they emphasized.
“The only alternative that we could see was to raise tuition fees, and that is the very last thing we would do,” they said.
The University of West Terrier is The Park’s oldest and most prestigious institution of higher learning in The Park. It boasts a distinguished faculty and many illustrious alumni, including Mr. Justice Augustus Dindon of The Park’s Superior Court, filmmaker Douglas Cheetah, and award-winning author C.L. Birman.
Editorial: When beggars become choosers, we all become losers
The line at the top of the CatsCare letterhead tugs at the heartstrings: “When the heart is full, the stomach rarely grumbles.”
How ironic that exhortation to all of us to feel for the less fortunate seems now, in light of the recent undoing of that charity’s board and the unseating of Bentley, its founder and president.
While it is too early in the investigation to render the final judgment, it is much too late for the rest of us to pretend that we had no inkling that something was rotten in the state of one of The Park’s oldest charities.
To be sure, there were signs. First among them was the 22 AZ decision made by the CatsCare board to accept only cash donations.
When a charity that feeds, houses, and provides medical care for needy Cats refuses to take donations in kind, what are we to make of it? And what, we must ask, is the effect of such a policy, not only on the recipients of their charitable aid, but on the donating population, as well?
In the case of CatsCare, the policy’s intentions have become all too clear in recent months. Yet, the effects of this folly have been far more profound than anyone ever intended: for, while Bentley and his board were busy fattening up their bank accounts with Ftoo siphoned off from donated funds, they were, at the same time, violating the trust of those who rely on them, abusing the trust of their donors, and shattering the confidence of all Park Animals in the idea of assisting each other by means of institutions set up for that purpose.
The breach is wide. The healing will take much time. But profound changes must occur.
No matter what the courts find, it is clear that CatsCare violated the code of ethics. Yet, where, in law, can we find this code of ethics? Alas, we cannot, for we have not committed it to law. This we must do, now. We must inscribe in law what we believe to be the proper behaviour for our charities. We must also imbed in any definition of “charity” this simple but essential idea: that we must take from our donors and give to the needy whatever it is that they need in such form as they require it. Only then can we restore the confidence of the donating public.
Marine Mammal Bank posts record gains in first quarter
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
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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