The Aussie political economy -

 
  don_dunstan Dr Beeching

Location: Adelaide proud
Eddy Obied and Ian MacDonald to both return to prison after being found guilty of collusion and conspiracy to commit misconduct in a public office - ABC;

Former NSW Labor ministers Eddie Obeid and Ian Macdonald and Obeid's son Moses have been found guilty of conspiring over a lucrative mine licence.

Eddie Obeid 77, his middle son Moses 51, and Macdonald 72, stood trial accused of conspiring over a coal exploration licence granted over the Obeid family farm in the Bylong Valley near Mudgee, when Mr Macdonald was Resources Minister from 2007 to 2009...

...The judge said she found Macdonald committed five of eight acts of misconduct he was accused of in setting up and granting the licence.

Justice Fullerton said Moses Obeid took a "hands-on approach" in exploiting Macdonald's misconduct in public office, and that Eddie Obeid had knowledge of it.

During the year-long- trial that included 38 witnesses and 6,000 pages of exhibits, prosecutor Sophie Callan SC, argued there was enough circumstantial evidence to prove the men were guilty.

The prosecutor argued Ian Macdonald and Eddie Obeid had a close personal and working relationship, and that the Obeid family made $30,000,000 from the deal.

Obied and MacDonald - the ultimate kleptomaniacs in charge of the till. NSW Labor still stinks to high heaven with the stench of corruption left by these men. How many other ministers were engaging in corrupt activities in NSW and got away with it?

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  don_dunstan Dr Beeching

Location: Adelaide proud
Don’t necessarily disagree but, A convenient distraction from the smeg storm that is the LNP.
michaelgm
It was a coordinated announcement from most western powers at the same time - the US led the charge. And the Chinese are really unhappy about it - how dare we accuse them of cyber-espionage usual sorta moral outrage - New Daily

Australia joined NATO, the European Union and the ‘Five Eyes’ intelligence grouping to claim that recent malicious cyber activity, targeting the Microsoft Exchange email network, had come from China. The alleged ‘hacking’ allowed criminals to steal valuable commercial secrets and intellectual property, or hold it to ransom in exchange for payments.

Different international groupings made slightly different allegations, with the EU’s statement noting only claims the hacking had originated in China. However, Australia and the US specifically called out China’s Ministry of State Security as the alleged culprit.

In a statement on Tuesday, China’s embassy in Canberra said it “firmly rejects the groundless accusations”. A spokesperson accused the Morrison government of simply “parroting the rhetoric of the US”, claiming Australia itself had a “poor record” on cybercrime and had acted as an “accomplice” to American “eavesdropping”.

“What the Australian government has done is extremely hypocritical, like a thief crying ‘stop the thief’,” the Chinese embassy spokesperson said.

The mining industry and commercial information about iron ore was apparently among the recent targets.
  don_dunstan Dr Beeching

Location: Adelaide proud
The Reserve Bank is likely to up its current borrowing from $4 or $5 billion per week to $6 billion plus per week due to the COVID19 shutdowns in three states - Financial Review;

The Reserve Bank will likely backflip on scaling back its $237 billion bond buying stimulus and could lift weekly purchases to $6 billion, according to leading economists including Westpac chief economist Bill Evans....

...“Given the awkward timing of the September board meeting the board may feel obliged to make any decision to review its bond purchase program at its August board meeting,” Mr Evans said.

“If a decision is made at the August meeting, it seems reasonable that the board would choose to defer the taper until a further review in November.”

Mr Evans also said markets would be “alerted to the possibility” a decision could be made to increase purchases to $6 billion a week.

“Lifting purchases to $6 billion per week would send the right signal that the board was prepared to use its new flexible policy tool to respond to changing economic conditions,” he said.

In all seriousness, they think pumping more and more money into the economy is the only way to go - whatever happened to paying our way and living within your means? This thing has gone on for 18 months - at what stage will there be a drying up of our credit and hard decisions to be made? Ultimately they have to either raise taxes and/or slash services to the tune of $6 billion per week just in order to run a balanced budget again (remember those).

This has turned into the ultimate exercise in kicking the can down the road. I know that's what governments in this country do well but at some stage the spending will have to stop.
  don_dunstan Dr Beeching

Location: Adelaide proud
Interesting map of the most racist countries in the world - "Would you object to neighbors of a different race". Western Europe, North and South America, Australia & New Zealand among the least racist places on earth (NB 'grey' is no data):

  michaelgm Chief Commissioner

More polite than expected.

  wobert Chief Commissioner
  Carnot Minister for Railways

Most Govts are allergic to re-nationalization since they don't want to take on liabilities or responsibility for that matter.

But the debt just gets added anyway via handouts, with the hope of corporate tax income when things get better.
  don_dunstan Dr Beeching

Location: Adelaide proud
Most Govts are allergic to re-nationalization since they don't want to take on liabilities or responsibility for that matter.

But the debt just gets added anyway via handouts, with the hope of corporate tax income when things get better.
Carnot
Nup, Qantas hasn't paid any corporate tax for ten years - ABC; (from 2019)

Qantas CEO Alan Joyce, one of the most prominent supporters of the Turnbull Government's proposed big business tax cut, presides over a company that hasn't paid corporate tax for close to 10 years.

Alan Joyce, the CEO of Qantas, is a major supporter of corporate tax cuts in Australia.

Despite generating a pre-tax profit of last financial year of more than $1 billion, the flying kangaroo has paid no corporate tax since 2009, thanks to Australia's generous depreciation provisions and the ability to offset massive historical losses made by the company against past and future profits.

Marvelous isn't it, not only are we giving Qantas money instead of forcing them to give equity in return but Qantas hasn't paid any tax back to the Commonwealth in a decade. Lose/lose for the taxpayers of Australia - again.
  don_dunstan Dr Beeching

Location: Adelaide proud
LOL, Australia's IOC Chairman John Coates has "ordered" the Queensland Premier Annastacia Palaszczuk to be present at the Tokyo Olympics opening ceremony - so she dosen't have a choice - ABC

Amid the celebrations of Brisbane winning the right to host the 2032 Olympics, Australian Olympic Committee boss John Coates has ordered Queensland Premier Annastacia Palaszczuk to attend the Tokyo 2020 opening ceremony in an awkward public exchange.

Ms Palaszczuk had previously insisted she was only going to watch Friday's opening ceremony at Tokyo's Olympic Stadium from her hotel in the Japanese capital.

The Queensland Premier had come under fire for travelling to Tokyo for the 2032 host announcement after pushing National Cabinet to reduce the number of international arrivals accepted by Australia due to the risk of the Delta variant of COVID-19.

But Mr Coates, sitting with his arms crossed and directing his comments towards the assembled journalists, issued a stunning rebuke, insisting the Queensland Premier could not "hide" in her room and ordered her to go to understand the "traditional" processes behind the opening ceremony, which can cost upwards of $75 million.

"You are going to the opening ceremony. I'm still the deputy chair of the candidature leadership group and so far as I understand, there will be an opening and closing ceremony in 2032 and all of you are going to get along there and understand the traditional parts of that, what's involved in an opening ceremony, so none of you are staying behind and hiding in your rooms, alright?" Mr Coates said.

I've always loved John Coates, he really embodies those good old fashioned Aussie values of rewarding close friends and family with the benefits of your job.
  wobert Chief Commissioner
  michaelgm Chief Commissioner

Such compassion from the PM of NSW (No Substance Within)

  wobert Chief Commissioner

Location: Half way between Propodolla and Kinimakatka
"My names Kevin and I'm here to help."


Come back Kev, we've  got a National Emergency now!


Waves to Victoria in 2020
  don_dunstan Dr Beeching

Location: Adelaide proud
"My names Kevin and I'm here to help."


Come back Kev, we've  got a National Emergency now!
wobert
That idiot would be halfway through something before he gets distracted and leaves it unfinished. Like Aboriginal reconciliation, the carbon tax. You remember - all the stuff that he proved utterly incapable of doing.

There's a good reason why he's still hated in the Labor Party.
  wobert Chief Commissioner

Location: Half way between Propodolla and Kinimakatka
He'd be a hell of of an improvement on the muppet we've got now. And as for Gladys, she and Morrison should both resign.
  don_dunstan Dr Beeching

Location: Adelaide proud
He'd be a hell of of an improvement on the muppet we've got now. And as for Gladys, she and Morrison should both resign.
wobert
Don't believe the hype - the Labor Party and their cheerleaders in the ABC (particularly Norman Swan) have been trying to pin the blame for the vaccine thing on Morrison when I really can't see how anyone in the same situation would have behaved any differently. Twelve months ago we had no idea which ones were going to be the best and which ones weren't worth signing contracts for - are the Labor Party saying they would have spent even more public money on signing even more contracts just in case?

We're already half a trillion dollars in the hole for this thing - and their solution would have been to spend more money. Brilliant.

The Labor Party is a disgrace, Albo goes to Queensland and tries to hide the fact that he visited a coal mine because it would send the wrong message to the public. What, the 'wrong message' about the fact that they're going to put all those people out of work?

Believe me, there's actually a worse government in waiting on the opposition benches - one that would relentlessly suck up to Communist China and give away your right to free speech - mark my words.
  wobert Chief Commissioner

Location: Half way between Propodolla and Kinimakatka
I've been marking you words for a while now Donald old son.
  don_dunstan Dr Beeching

Location: Adelaide proud
I've been marking you words for a while now Donald old son.
wobert
In all seriousness, the Labor Party are championing the Chinese Communist Party and say that the government shouldn't allow any open criticism of them in case it upsets them. They're all on the same sheet with this - even the token protagonist Penny Wong has changed tune and says we can't allow anyone to 'upset' that poor, sensitive dictatorship.

Which is exactly what that dictatorship wants - they want us to censor ourselves rather than have them do it for us.

I want to know what they Labor Party will do in order to stop ordinary Aussie people from 'offending' the Communist Party of China. Ban all talk about the gulags? Stop people from talking about the takeover of Hong Kong?

Be grateful you live in a country where you're allowed to discuss these things - because there are politicians in this country who want to take those rights away from you.
  The Vinelander Minister for Railways

Location: Ballan, Victoria on the Ballarat Line
He'd be a hell of of an improvement on the muppet we've got now. And as for Gladys, she and Morrison should both resign.
Don't believe the hype - the Labor Party and their cheerleaders in the ABC (particularly Norman Swan) have been trying to pin the blame for the vaccine thing on Morrison when I really can't see how anyone in the same situation would have behaved any differently. Twelve months ago we had no idea which ones were going to be the best and which ones weren't worth signing contracts for - are the Labor Party saying they would have spent even more public money on signing even more contracts just in case?

We're already half a trillion dollars in the hole for this thing - and their solution would have been to spend more money. Brilliant.

The Labor Party is a disgrace, Albo goes to Queensland and tries to hide the fact that he visited a coal mine because it would send the wrong message to the public. What, the 'wrong message' about the fact that they're going to put all those people out of work?

Believe me, there's actually a worse government in waiting on the opposition benches - one that would relentlessly suck up to Communist China and give away your right to free speech - mark my words.
don_dunstan

Sounds like the old firebrand Bob Santamaria. You really are such a comic Representative from SA, you're living in the 1960's.

Time to wash and starch the anti-macassars and doilies...it's almost springtime Exclamation

M.
  don_dunstan Dr Beeching

Location: Adelaide proud
Sounds like the old firebrand Bob Santamaria. You really are such a comic Representative from SA, you're living in the 1960's.

Time to wash and starch the anti-macassars and doilies...it's almost springtime Exclamation

M.
The Vinelander
The twenty-first century brand of communism is no threat then? Tell that to the million or so people presently interred in gulags in western China. Or the people of Hong Kong who can no longer write about the government or post on the internet like we're doing right now.

There's plenty of evidence that the Chinese Communist Party have been buying politicians in Australia. If you don't think the CCP is a long term threat to our freedoms then frankly you're a useful idiot the same as those apologists in the ALP.
  michaelgm Chief Commissioner

You ripper.

  don_dunstan Dr Beeching

Location: Adelaide proud
The Labor Party officially (and very quietly) dumped their policy this week to restrict negative gearing in a pretty obvious admission that they're not interested in helping working people to buy their own homes any longer - they'd much rather continue to give welfare to wealthy property investors instead.

Meanwhile leader Anthony Albanese has been making out like a bandit on Sydney property speculation more than doubling his money on a Marrickville NSW investment property - Domain

Labor leader Anthony Albanese enjoyed his own uptick in news from the housing market on Tuesday less than 24 hours after the party officially dumped its negative gearing policy when he and former NSW deputy premier Carmel Tebbutt sold their Marrickville investment property for $2.35 million.

The bullish sale price more than doubles the former couple’s purchase price of $1.115 million nine years ago and comes less than five days before it was scheduled to go to auction.

The cards are stacked against anyone young and starting out and people like Albo are laughing at them - how could an ordinary working person possibly afford a two million dollar house?
  Mr. Lane Chief Commissioner

The Labor Party officially (and very quietly) dumped their policy this week to restrict negative gearing in a pretty obvious admission that they're not interested in helping working people to buy their own homes any longer - they'd much rather continue to give welfare to wealthy property investors instead.

Meanwhile leader Anthony Albanese has been making out like a bandit on Sydney property speculation more than doubling his money on a Marrickville NSW investment property - Domain

Labor leader Anthony Albanese enjoyed his own uptick in news from the housing market on Tuesday less than 24 hours after the party officially dumped its negative gearing policy when he and former NSW deputy premier Carmel Tebbutt sold their Marrickville investment property for $2.35 million.

The bullish sale price more than doubles the former couple’s purchase price of $1.115 million nine years ago and comes less than five days before it was scheduled to go to auction.

The cards are stacked against anyone young and starting out and people like Albo are laughing at them - how could an ordinary working person possibly afford a two million dollar house?
don_dunstan
Yep this has pissed me off. I guess I wont be voting in the next federal election. I don't believe in anything at the federal level anymore.

The federal ALP needs to have a clean out and start again. They are currently chasing both the inner city lefty green/champagne socialist vote and losing to the Greens anyway or they are sucking up to the center-right grey/property owning vote...who vote liberal anyway.

They have no identity and no idea of what they believe in or who they want to represent. They are totally reactive to the polls of the day and blame the media every time they lose a poll despite the media being very left bias.

I dislike the Greens intensely, but at lease they have principals and a set of fundamental policies and a core ideology, as flawed as they are.
  Valvegear Oliver Bullied, CME

Location: Richmond Vic
It's an old Australian principle; you vote for what you believe to be the lesser or least of the evils.
  don_dunstan Dr Beeching

Location: Adelaide proud
Qantas is found to have illegally sacked 2,000 ground crew on the basis of the fact that they were union members - ABC;

Justice Michael Lee was not convinced by evidence from Qantas and some of its senior executives that its decision to outsource the jobs was not motivated at least in part by the fact the majority were union members and had various workplace rights under enterprise agreements.

The Fair Work Act prevents employers from taking "adverse action", such as dismissal or redundancy, against an employee because they are a union member, exercising or entitled to a workplace right.

The law put the onus on Qantas to prove that the outsourcing was purely a commercial decision not substantially based around those workplace rights.

On the evidence put to the court, Justice Lee found Qantas failed to prove that was the case, on the balance of probabilities.

Never waste a good crisis: The decision was made at the height of the national lock-downs last year when the workers were idle and when Qantas was the recipient of corporate welfare from the Aussie taxpayer (that they're still getting now).
  The Vinelander Minister for Railways

Location: Ballan, Victoria on the Ballarat Line
One of the positives of the merger between the 9 Network and Fairfax was the esteemed journalist Peter Hartcher now writing for The Age. In this interesting piece from Saturdays edition, don't write Albo off just yet.

https://todayspaper.smedia.com.au/theage/default.aspx

Mike.

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