Living within our means, Hockey style

You have to give it to the Coalition propaganda machine – it never fails to come up with a brand new slogan with which it can belabor the Government. We are now being told by Tony Abbott and Joe Hockey that we must ‘live within our means’. How many times have we heard that? Otherwise, they tell us, there will be Federal Budget deficits ‘as far as the eye can see’. Can you count how many times you have heard that little gem?

Again, the ability of the Coalition’s media machine to devise catchy slogans is apparent. Who would want deficits for as ‘far as the eye can see’; who would object to the notion of ‘living within our means’? When you look at these words seriously though, you will see that they are, as usual, just more of the Coalition’s catchy, plausible, yet meaningless slogans.

What does ‘living within our means’ really mean?

It all depends on the time, and the circumstances. By using the phrase though, the Coalition is relying on the electorate giving it a tick of approval without asking what they really mean by it.

When the parents of baby boomers lived within their means they did so by saving until they had the cash for what they wanted. With no credit cards around, that was the only option. For a house they saved until they had a deposit and then approached the bank manager with trepidation for a house loan that often stretched over 25 years, with three-monthly repayments. They ‘lived within their means’ because there was no other option.

By the time Generation X arrived, living within one’s means morphed into paying off the required minimum on the credit card each month, which was often ‘maxed-out’. They bought what they wanted within the limit on their cards and hoped they could pay for it some time. They paid a lot of interest on the way, and some defaulted. For housing, banks were willing to lend vast sums to buy McMansions, leaving house owners to worry about every interest rate rise lest it tip them over the edge and leave them not living within their means.

These two times reflect quite different ways of ‘living within one’s means’. The Coalition is using this homely metaphor in the hope that older people will think of what was in their early years almost a ‘cash economy’, certainly for everything but buying a home, and will apply that image to the one and a half trillion-dollar economy that Australia has. It is a misleading analogy that the Coalition hopes will have older people nodding in approval – of course the country must live within its means, just like we did!

Yet, should voters think about it, most of them who own a home today did not pay cash for it – they borrowed money and paid it off over many years. If that is normal and OK for homeowners, why is government borrowing so ‘evil’, why is incurring debt such a terrible blight on government? It’s only so because the Coalition has said so. Humpty Dumpty Hockey has ensured that ‘living within our means’ connotes just what he wanted it to mean – out-of-control borrowing to fund profligate spending. He even uses the maxed-out credit card analogy.

Let’s then examine why government borrowing is in a category different from personal and household borrowing, and why placing them in the same class is misleading.

Joe Hockey would have us believe that running a $1.5 trillion national economy is not dissimilar from running a household budget. He would have us believe that borrowing and running up debt is bad in both circumstances, and that when the budget is not balanced his so-called ‘belt tightening’ is necessary, whether it be a household budget or a government one. That analogy is simplistic either by design, or because Hockey knows no better. As Hockey wants to be Treasurer, we can only hope it is not the latter.

Governments are responsible for maintaining the health of an economy, no matter what the global financial circumstances happen to be. When there is high debt, where expenditure has exceeded revenue, especially for a long while, there is a natural tendency towards ‘belt tightening’, contemporaneously styled ‘austerity’, to reduce expenditure, to lessen debt and to move towards balancing the budget. That has been a dominant school of economic thought during the current global financial crisis. However, notwithstanding that plausible strategy, austerity has not been a spectacular success where it has been applied.

Europe has been the test bed for the application of austerity, or to use Hockey’s phrase ‘belt tightening’. The economies of Greece, Spain, Portugal, Italy and Ireland, and more recently Cyprus, were jeopardized by chronic overspending, particularly on social services, generous pensions and the like, spending that was not offset by revenue. The very wealthy in some of these countries, Greece in particular, made an art form of tax avoidance, so tax revenue has been chronically below expenditure. I emphasize ‘chronically’, to highlight the fact that this is no temporary deficit, as is Australia’s. It was understandable that when these economies reached the point where default on debt threatened, bailout funding was sought to address this sovereign debt risk.

Taking Greece as an example, the Eurozone countries and the International Monetary Fund agreed on a €110 billion bailout loan provided Greece implemented austerity measures to restore the fiscal balance, privatised €50bn worth of government assets by the end of 2015, and implemented structural reforms to improve competitiveness and growth prospects. Similar arrangements were made with other countries in a comparable situation. Austerity was a key element.

It was always a controversial remedy; advocates and opponents disagreed passionately about its capacity to resolve the Eurozone state of affairs.

In his 28 April article in The New York Times: The Story of Our Time, Paul Krugman, Professor of Economics and International Affairs at Princeton University, wrote: "People like me predicted right from the start that large budget deficits would have little effect on interest rates, that large-scale “money printing” by the Fed…wouldn’t be inflationary, that austerity policies would lead to terrible economic downturns. The other side jeered, insisting that interest rates would skyrocket and that austerity would actually lead to economic expansion. Ask bond traders, or the suffering populations of Spain, Portugal and so on, how it actually turned out."

Even those of us who were not in touch with the detailed economic arguments for and against austerity, saw on TV the political upheaval and civil disturbances that followed the imposition of austerity measures, first in Greece, and later elsewhere. Despite the application of these measures for a long while, there is not much positive to show for them in economic terms, and in places like Spain, unemployment has reached 27%, with youth unemployment approaching 50%.

Another article in The New York Times that Krugman wrote earlier in the year: Austerity Europe, may be of interest to the technically minded as it includes a revealing graph of how austerity is accompanied by reduced, not increased growth. Regarding that graph, Krugman says: "In normal life, a result like this would be considered overwhelming confirmation of the proposition that austerity has large negative impacts. Yes, you can concoct elaborate stories about how it could be wrong; but it’s really reaching. It seems safe to say that what we have here is a case in which rival theories made different predictions, the predictions of one theory proved completely wrong while those of the other were totally vindicated – but in which adherents of the failed theory, for political and ideological reasons, refuse to accept the facts." The last sentence is telling – although experience has demonstrated the failure of the austerity approach, its adherents cling tenaciously to it, even to this day.

Since Krugman wrote that article, academic evidence devastating to the austerity approach has emerged. The intuitive argument for austerity and belt tightening has been underpinned all this time by a 2010 academic paper Growth in a Time of Debt by Harvard academics Carmen Rinehart and Kenneth Rogoff of the US National Bureau of Economic Research, a paper that purported to ‘prove’ that debt inhibited economic growth, and by implication, austerity promoted it.

Rinehart and Rogoff reported three findings; the first, the one that austerity proponents relied upon, read: "Our main findings are: First, the relationship between government debt and real GDP growth is weak for debt/GDP ratios below a threshold of 90 percent of GDP. Above 90 percent, median growth rates fall by one percent, and average growth falls considerably more.”

The austerity advocates in Europe grasped onto this paper to reinforce their intuitive approach to debt problems in the Eurozone, namely that debt above a certain level inhibits growth, and that austerity was the answer. But it was not just in Europe that the paper gained ready acceptance. It was cited by Paul Ryan, the 2012 Republican nominee for the US vice presidency, in his proposed 2013 budget The Path to Prosperity: A Blueprint for American Renewal. Did Joe Hockey also read the Rinehart Rogoff paper and use it to support his ‘belt tightening’ mantra? I wonder!

The paper held sway for a couple of years, then along came Thomas Herndon, a doctoral student at the US Political Economy Research Institute, who, as part of his studies re-examined the Rinehart Rogoff paper, and to his surprise found an elementary error in the Excel spreadsheet they used to calculate their results.

Writing in an article: The Reinhart-Rogoff error – or how not to Excel at economics in The Conversation, Jonathan Borwein and David H Bailey from The University of Newcastle reported that after analysing the data, Herndon identified three errors: “The most serious was that, in their Excel spreadsheet, Reinhart and Rogoff had not selected the entire row when averaging growth figures: they omitted data from Australia, Austria, Belgium, Canada and Denmark. In other words, they had accidentally only included 15 of the 20 countries under analysis in their key calculation. When that error was corrected, the “0.1% decline” data [a key finding supporting austerity] became a 2.2% average increase in economic growth.” [My bolding.] "So the key conclusion of a seminal paper, which has been widely quoted in political debates in North America, Europe, Australia, and elsewhere, was invalid.” Herndon’s professors, Michael Ash and Robert Pollin, checked his findings and found Herndon had correctly identified the Rinehart Rogoff error.

The article in The Conversation concluded: ”If Reinhart and Rogoff…had made any attempt to allow access to their data immediately at the conclusion of their study, the Excel error would have been caught and their other arguments and conclusions could have been tightened. They might still be the most dangerous economists in the world, but they would not now be in the position of saving face in light of damning critiques in The Atlantic and elsewhere.

“As Matthew O’Brien put it last week in The Atlantic: “For an economist, the five most terrifying words in the English language are: I can’t replicate your results. But for economists Carmen Reinhart and Ken Rogoff of Harvard, there are seven even more terrifying ones: I think you made an Excel error.

“Listen, mistakes happen. Especially with Excel. But hopefully they don’t happen in papers that provide the intellectual edifice for an economic experiment – austerity – that has kept millions out of work. Well, too late.”

The Gillard Government is not an adherent of the austerity approach, at least in the extreme form that was applied in Europe, but if one can judge from Joe Hockey’s words and Tony Abbott’s mutterings, the Coalition is.

It seems as if it is the conservative side of politics that favours the austerity line of attack. We hear it from the Coalition, we see it in an extreme form in Campbell Newman’s Queensland, we see it applied in its grossest form in Europe, we see it in the US in the ongoing fiscal cliff debate where the conservatives (Republicans) insisted that radically cutting government expenditure (austerity) and leaving untouched tax breaks for the wealthy is the only way to go, whereas the progressives (Democrats) advocate the opposite.

And if you need any more convincing of this stark difference in attitude and approach to debt in the Australian context, do watch Friday evening’s episode of Lateline where economist Stephen Koukoulas, MD of Market Economics, debated ‘the health of the economy’ with Judith Sloan, academic economist and economics editor at The Australian. Koukoulas spoke like an economist, Sloan like a Coalition advocate, slogans and all.

What the voters in Australia will soon have to decide is whether they want to go down the austerity track – ‘living within our means’ Hockey style – as advocated by the Coalition, or whether they prefer the less radical approach of the Government to bring the budget back to surplus in a steady fashion, preserving jobs and economic growth in the process.

Putting it more bluntly, voters will have to decide whether they want to follow a process of austerity discredited by experience in Europe, now stripped of its intellectual underpinnings, or follow the less radical approach of the Gillard Government that seeks to maintain modest expenditure and stay away from heavy-handed austerity, and in the process enable our nation to avoid an economic downturn and rising unemployment, a process that is based on sound economics and proven practice.

Sadly, the loose language that the Coalition uses in this debate may seduce the unthinking into believing that their plausible but empty slogans are economically sound, and well tried and tested.


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Ad astra

5/05/2013Folks This piece seeks to expose the hollowness of the Coalition’s austerity push, which Joe Hockey seems to believe is necessary so that Australia can once more ‘live within its means’. Yet it is a discredited theory that has not worked in practice. Today on [i]Inside Business[/i] John Durie, [i]The Australian’s[/i] senior business columnist, reiterated that austerity is not working. Although Hockey seems to be pulling back from austerity in its extreme form, he persists with the concept. By claiming that only austerity can return us to living within our means, does he really believe that, or is he using that claim as yet another way of berating the Government’s ‘reckless spending and debt’? Who know what he really believes. If he wants to be Treasurer, to use one of Tony Abbott’s favourite phrases, he ‘needs to come clean’ on his reasoning.

Catching up

5/05/2013Once again, good summing up of present situation.

jane

6/05/2013Another fine post Ad astra. It is worrying when the likes of Joe Hockey still cling to the now discredited austerity theory and are champing at the bit to apply it here. No sensible person would advocate irresponsible spending, but by the same token, neither should we advocate wholesale unemployment with all its terrible social and financial consequences for the economy, the budget and the most vulnerable as a reasonable measure to "balance the budget". Likewise, the obsession with surpluses. AFAIC, there is absolutely no excuse for running surpluses at the expense of our education, communications, health and transport infrastructure. And I've never been able to understand why cutting tax to the wealthy while burdening the middle and low paid with high tax makes any fiscal sense whatever. The apologists claim that the wealthy pay more tax than the low paid and poor and are entitled to tax breaks. That may be so, but they also hold the majority of the income and wealth so that argument has no merit afaic. Like you, I'm afraid that a lot of people just accept the Liars shallow and flawed economic rhetoric and have been duped into thinking that government debt is the hallmark of a wasteful and extravagant government, while never considering what the government actually spends the money on.

lyn

6/05/2013Today’s Links The God Complex by @MrDenmore suits the media to turn every issue into a bipolar circus even if "the other side" is occupied exclusively by nutjobs, cranks and conspiracy theorists http://thefailedestate.blogspot.com.au/ On the table by @awelder there is nary a single pie-chart or histogram in what follows, it is far better researched, well-considered and more principled than the Hundred Brain Farts of a more lavishly-resourced outfit I could name http://andrewelder.blogspot.com.au/2013/05/on-table.html The power of the “Gillard has rooned our country” fantasy by @jeremysear It’s not “boat people”, it’s not the “carbon tax”, it’s not “wasteful spending” – it’s challenges like housing affordability and a distorted two-speed economy. And these are things that would only get worse if the Liberals win government. http://anonymouslefty.wordpress.com/2013/05/05/the-power-of-the-gillard-has-rooned-our-country-fantasy/ Department of the Treasury - Australian Government : Tony Abbott's $15 billion worth of cuts to the bone by @ForTraders The Coalition's strategy of cutting services has been exposed in a remarkable admission by the Opposition Leader Tony Abbott in today's Sunday Telegraph. http://www.4-traders.com/news/Department-of-the-Treasury-Australian-Government-Tony-Abbott-s-$15-billion-worth-of-cuts-to-the--16810878/ The MSM’s NDIS: Make the frame, change the frame, WTFs the frame? by @geeksrulz I was fascinated by the media’s framing of the NDIS debate this week. Within 48 hours it moved from reporting a naked tax grab by the Prime Minister, to a worthy initiative when Mr Abbott put the national interest ahead of his political interest. http://australiansforhonestpolitics.wordpress.com/2013/05/04/the-ndis/ Have you heard the news about Rupert Murdoch? by @MigloMT Most of us relied on foreign news sites for what we lacked here: news. The dirty doings in the Murdoch world would be of no interest to the Australian public. Of course not. We don’t belong to the ‘need to know’ collective. http://theaimn.com/2013/05/04/have-you-heard-the-news-about-rupert-murdoch/ Disability Funding Triumph: Progressive Blogosphere Abdicates by @Kevin_Rennie In fact it seems that many have just accepted it as a political victory for Abbott, not a policy win for Julia Gillard's government. http://laborview.blogspot.com.au/ The economists’ error and the misguided push for austerity by Fabrizio Carmignani Economists will long discuss the mistake in the formula used by Reinhart and Rogoff. But those policymakers who are insisting on fiscal austerity as a way out of the European crisis are making a much bigger mistake http://www.independentaustralia.net/2013/politics/the-economists-error-and-the-misguided-push-for-austerity/ The Hierarchy of Political Pain” and “The Slippery Slope of Doom” by Gordon’s Thoughts Imagine a slippery slope. Now imagine it being used as a metaphorical communications system to destroy a political party and it’s leader’s credibility. I’ve used an upside down triangle to list in descending order behaviours the Liberal Party http://gordonsthoughts.wordpress.com/2013/05/04/the-hierarchy-of-political-pain-and-the-slippery-slope-of-doom/ Media Narrative by David Griffiths A common narrative in the mass media, for example, is that the Federal Labor Government will be defeated at the election on 14 September 2013 – based on the existing polls. But, then, the polls themselves are interpreted to conform to this narrative. http://www.australiasmassmedia.com/2013/05/04/media-narrative/ What Have We Done to Deserve This - by Therese Trouserzoff What is causing this madness ? Why are people supporting far right arsehats – the kind that our parents fought wars against ? I think it’s because as nations we are easily frightened and when we are frightened, we revert to type. Australians, in the main are sheep http://pigsarms.com.au/about-the-pigs-arms/ Christian vs God Squad in Australian politics by @YaThinkN the media keeps telling us, the Liberal National Coalition will be our new rulers come September - NOTE I personally would prefer that I and other Australians be given the courtesy (not to mention legal right) of actually VOTING http://yathink.com.au/article-display/christian-vs-god-squad-in-australian-politics,69 Abbott’s War of Class. by Truth Seeker The truth is that the ALP are trying to achieve balance in a system which has been sharply skewed in favour of the wealthy, to the detriment of the majority of Australian citizenry, http://truthseekersmusings.wordpress.com/2013/05/05/abbotts-war- Julian Assange Who Wants Him Dead? by @FairMediaAllian I became alarmed about something else – calls by politicians and journalists for Julian Assange to be assassinated. For the media to be used in this way, to incite murder, is truly appalling. http://fairmediaalliance.wordpress.com/2013/05/04/julian-assange-why-did-the-us-ambassador-lie-why-didnt-foreign-minister-bob-carr-challenge-him/ My views on Left and Right-wing thinking by @EmpoweringFem I would like the reader to assess which side they are on. Then decide which side is the most ethical, decent and humanitarian. Will the Right or Left save this beautiful planet? http://eleana108.wordpress.com/2013/05/04/my-views-on-left-and-right-wing-thinking-2/ TPP voting intention movements and polling house dispersion by @Mark_Graph the Bayesian aggregated Labor TPP vote estimate is within the 95% confidence interval for all but one of the bias adjusted polls (two polls prior to the max line on the third chart). This result was a touch better than I had expected from theory (but not implausibly so http://marktheballot.blogspot.com.au/ Why it'll be a near $10 billion deficit, with lots of small cuts by @1petermartin Two weeks ago Europe’s carbon price collapsed, robbing the budget of $5 billion per year after Australia links to the European carbon price in 2015. http://www.petermartin.com.au/ What is a Job Guarantee? by @billy_blog The topic of this blog is the concept of employment guarantees as the base-level public policy supporting a return to full employment in Australia. http://bilbo.economicoutlook.net/blog/?p=23719#more-23719 Diability scheme has economic benefit by Crispin Hull NEARLY all major reforms in Australia are done by Labor Governments. From aged and widows pensions and the PBS in the 1940s, through to Medicare and racial-discrimination laws in the 1970s, economic liberalisation and universal superannuation in the 1980s and now the National Disability Insurance Scheme. http://www.crispinhull.com.au/2013/05/04/diability-scheme-has-economic-benefit/ Ghost of Costello haunts Swan's budget by @1RossGittins Iresponsibility for the present and future state of the budget has to be shared between Labor and the Coalition, remember the other irresponsible revenue decision Costello made when the government was temporarily flush with funds http://www.rossgittins.com/2013/05/ghost-of-costello-haunts-swans-budget.html Media Release by NBNCo The new locations were announced today at an event in Blacktown NSW to mark the connection of the first area of metropolitan http://www.nbnco.com.au/assets/media-releases/2013/national-3-year-update.pdf Today’s Front Pages Australian Newspaper Front Pages for 6 May 2013 http://www.thepaperboy.com/australia/front-pages.cfm

lyn

6/05/2013Good Morning Ad, Looks like the 4-Traders link has gone black on me. Would you post the new link for me please Ad. Department of the Treasury - Australian Government : Tony Abbott's $15 billion worth of cuts to the bone http://www.4-traders.com/news/Department-of-the-Treasury-Australian-Government-Tony-Abbott-s-$15-billion-worth-of-cuts-to-the--16810878/

lyn

6/05/2013No still turning black. One more try with a shortened link. Department of the Treasury - Australian Government : Tony Abbott's $15 billion worth of cuts to the bone http://goo.gl/cRcQi :):)

Gravel

6/05/2013Ad Astra Thanks for all your hard work and giving a clear idea of each parties ideals to handle the finances. This last almost six years will be looked at as a miracle and already has been applauded the world over. Sadly Aussies will get a taste of what those other nations are suffering. It will take a long time to recover in the event that the Nopposition get government.

janice

6/05/2013Good morning all. Great post as usual, Ad astra. The rusted-on LNP possibly believe all the drivel that flows out of the mouths of their leaders, and they only believe it because they've been conditioned not to think about it much, if at all. Then we have a big chunk of the population who are ignorant about anything other than football, sport or whatever goes on within their own backyards. These are the people targetted by abbott's sloganeering and the media's mis-information and bad journalism. I heard a bloke (a Queenslander) on talk-back radio the other day who said there is not a single Labor MP who has any experience in running a business (let alone a country). He went on to say that this country needs a Clive Palmer to run it - he is a billionaire and therefore if he can make billions for himself, then he'd know how to make the govt PROFITABLE. It is peabrains such as that man who swallows and digests absolute bullshit and, believe it or not, other peabrains listen and agree.

nasking

6/05/2013 AD, ANOTHER EXCELLENT POST. I WAS JUST THINKING ABOUT POLLING...AND GOT TO THINKING ABOUT THE LATE IRVING SAULWICK: [quote]Saulwick became outraged at the Howard government's maltreatment of asylum seekers and refugees. When the opportunity came to assist the Justice Project, in which lawyers Kurt Esser and Julian Burnside joined Malcolm Fraser to campaign against these policies, he seized it with enthusiasm. It is certain that he never voted for Fraser but he came to admire him as a man of principle, just as he did the former Labor premier of Victoria, John Cain. His capacity to set aside personal preference and prejudice in favour of merit and principle enabled him to see all sides of an issue. Biased polling was anathema to him. When polling companies engaged in ''push polling'' or other unprofessional activities, he would flay them publicly on Crikey.com.[/quote] http://www.smh.com.au/national/obituaries/poll-pioneer-set-rigorous-standards-20120808-23ug7.html THERE WAS A TIME THAT POLLSTERS HAD DECENT STANDARDS AND ACTED ETHICALLY. THAT COMING FROM AN EDUCATED MALE ON SOCIAL MEDIA. :D N'

Ad astra

6/05/2013LYN'S DAILY LINKS updated: http://www.thepoliticalsword.com/page/LYNS-DAILY-LINKS.aspx

Ad astra

6/05/2013Hi Lyn I've used the link at 6.53 AM for the [i]Department of the Treasury - Australian Government : Tony Abbott's $15 billion worth of cuts to the bone[/i], and it works: http://goo.gl/cRcQi

Ad astra

6/05/2013Catching up, jane, Gravel, janice, nasking Thank you for your comments. You highlight a problem janice that defies solution, namely that much of the electorate is disinterested in what our politicians are doing. This morning there was a report of a University of Melbourne study that showed how disconnected people are. On can only hope that in the next four months there will be enough information promulgated to enable voters to make an informed decision on September 14. But after viewing last night the first half of the SBS program on Rupert Murdoch, which showed the way he has manipulated public opinion and therefore political outcomes at elections in three continents via his media empire, it left me wondering how voters will ever be given the accurate information they need.

nasking

6/05/2013 SPEAKING OF THE HOCKEY URGE TO CUT PUBLIC SERVANTS...WHICH SEEMS/SEEMED TO BE A DESIRE OF THE QLD NEWMAN GOVT, I FOUND IT INTERESTING THAT FOR MANY YEARS THE HOWARD GOVT'S EMPLOYMENT STATISTICS WERE HELPED BY THE FACT THERE WERE MANY ALP STATE GOVTS HIRING PUBLIC SERVANTS. IF THESE DOPES THINK THEY CAN TRASH THOUSANDS AND THOUSANDS OF WORKERS JOBS WITHOUT SEVERE ECONOMIC CONSEQUENCES THEY ARE DELUSIONAL. SO MANY EDUCATORS, FIREMEN, STATE COURT WORKERS ETC HAVE LOST THEIR JOBS OR HAD OURS SEVERELY CUT IN THE USA...THESE PEOPLE WHO WERE RELIABLE SMALL BUSINESS CONSUMERS AND HOME OWNERS HAVE STRUGGLED...IN TURN THE BUSINESSES THEY DEALT WITH HAVE STRUGGLED. THE IDEA THAT YOU CAN GROW AN ECONOMY IN A HEALTHY, SECURE MANNER BY DUMPING PROFESSIONALS INTO LOW PAID INSECURE JOBS COMPETING WITH THE LESS EDUCATED IS SICK. ONCE THAT CHINA SLO-MO CRASH TURNS INTO A RAPID DESCENT INTO RECESSION THERE WILL BE UNEMPLOYMENT FIGURES, SOCIAL INSTABILITY, CRIME, BUSINESS BANKRUPTCIES, HOMELESSNESS THE LIKES OF WHICH MOST UNDER 80 HAVE NEVER SEEN. IT'S TIME WE INCREASED THE MINING TAX...800 MILLION IS BETTER THAN NIL...BUT WE ONLY HAVE A FEW YEARS TO GO BEFORE THE CRAP HITS THE FAN... WE NEED TO CONTINUE TO INVEST IN DIVERSE ENERGY FORMS, THE NBN, ALTERNATIVE MANUFACTURING, EDUCATION AND TRAINING, MEDICAL & enviro & SPACE RESEARCH, LANGUAGE STUDIES, ENGINEERING ETC. SO AS TO PREPARE OURSELVES FOR THE WORST. RATHER THAN EDUCATION BEING ABOUT 'BACK TO BASICS' STUDENTS NEED TO BE ADAPTABLE PROBLEM SOLVERS...EXTREMELY HI-TECH PROFICIENT...WITH AN UNDERSTANDING OF BOTH SELF-SUFFICIENCY AND TEAM WORK. TEACHING KIDS HOW TO BUDGET AND SPEND RESPONSIBLY SHOULD BE PRIORITISED. AND THEY COULD LEARN HEAPS FROM THE LIKES OF 'GARDENING AUSTRALIA'. TOLLERANCE OF DIFFERENCE WILL BE ESSENTIAL...HARD ECONOMIC TIMES CAN BRING PLENTY OF SOCIAL DIVISION. THEY MUST ALSO LEARN MORE ABOUT MEDIA ETHICS AND SOCIAL MEDIA ETHICS...BE MORE EMPOWERED. A SECULAR SOCIETY IS ESSENTIAL..DOMINATION BY ANY PARTICULAR RELIGION OR MOVEMENT WILL LEAD TO FURTHER DISHARMONY IN DIFFICULT ECONOMIC TIMES. MY WIFE WENT TO A CATHOLIC SECONDARY SCHOOL HERE IN QLD DURING THE 80s AND SHE FOUND IT TO BE A WARM, ENCOURAGING, ROUNDED EDUCATION WITHOUT TOO MUCH EMPHASIS ON RELIGION...BUT RATHER PROMOTING EGALITARIANISM AND RESPECT FOR ONE ANOTHER...AND NOT JUDGING BASED ON DISADVANTAGE, RACE ETC. IT SEEMS OBVIOUS TO ME THAT THE TIME FOR UPPER MIDDLE CLASS WELFARE MUST END...AND INCREASES IN TAXES MUST PROVIDE FREE AND AFFORDABLE ESSENTIAL SERVICES THAT ACT AS BUFFERS, HEALERS AND OPPORTUNITY PROVIDERS SO THAT PEOPLE ARE NOT FALLING THRU THE CRACKS AND TURNING TO A LIFE OF CRIME, ADDICTION AND/OR BECOMING DISENGAGED FROM SOCIETY. FOR THE STATE TO MOVE AWAY FROM THESE RESPONSIBILITIES AND HAND THEM OVER TO PRIVATE COMPANIES THAT HAVE INTERESTS OVERSEAS THAT COULD BE UNSTABLE, DODGY, TAX AVOIDING, CRIMINAL, DECIETFUL IS THE HEIGHT OF IRRESPONSIBLY...AND WILL ONLY SERVE TO CREATE MAYHEM AND UNNECESSARY COSTS DURING HARDER TIMES. AGED CARE ANOTHER TOP PRIORITY. LOOK TO SCANDINAVIA. N'

TalkTurkey

6/05/2013Again Ad astra you astonish me. I had no idea of *the Reinhart-Rogoff Error* and never would have except for you. You have influenced my thinking more than anyone else over the last Parliamentary period. Perhaps because you so perfectly express and thereby reinforce my own thinking, rather than changed it, but you have also extended me, and enhumbled me too, in a good way I mean. TPS achieves on many fronts, your own articles channelling our thoughts and writings usefully, giving us opportunity to let off blood pressure, informing us of concepts such as astro-turfing and Reinhart-Rogoff Errors, and more. But its greatest benefit is that under its wing has safely nestled Lyn, whose work in daily presenting everybody with all the best that is on offer in the entire polliversal 5th Estate, is more valuable than any single contributor could ever be. Except for you Ad of course, because without TPS none of us would be here. It is a great burden I know, but you do it wonderfully. Nasking just a hat tip to you, you are surely our most peregrinaceous poster, reminding us often that there is a lot of world that we on TPS fail to notice, we are so preoccupied with the skirmishes in the political *war* going on here. WAR it isn't. Let's hope it doesn't come to that. These Papists are bloody EVIL. [i]Did everybody else know that Murdoch was made a Papal Knight? [/i] [See here's one of Lyn's Links that I'd never have read but for her. (TXXX Lyn.) I've cut-&-pasted it from above because yous all oughter read it imo. (On ya Migs, U R 1 of my fave raves.)] [i][b]Have you heard the news about Rupert Murdoch? by @MigloMT[/b] Most of us relied on foreign news sites for what we lacked here: news. The dirty doings in the Murdoch world would be of no interest to the Australian public. Of course not. We don’t belong to the ‘need to know’ collective[/i]. theaimn.com/.../ If I did (I think maybe I did but) I've forgotten. RULED BY ROMAN CATHOLICISM? NO THANKS! [i][b]STOP THE PLOT![/b][/i]

Tom of Melboune

6/05/2013Ad Astra has lost the plot, and the logic, he really provides too much material to deal with, so just this one – [i]” they borrowed money and paid it off over many years’[/i] • How many people are better off with debt than without debt? • Has high debt cause a better community? • Do people have more confidence with debt or without debt? • Is it sensible for people to accumulate debt when it is not necessary? • Should people make significant efforts to lower their debt levels? • Is there mortgage stress? • Has high debt been a contributor to inflated housing prices? It is so typical of Ad Astra that he will use bland analogies that don’t make any sense when tested.

Patriciawa

6/05/2013As always my day begins here with you, Lyn, and this morning we have a great new post from Ad Astra too. Many thanks to you both getting me moving. e.g. Ad Astra, now you have me frightened. Joe's had his belt tightened. Seems it was done by surgical operation. Is this what's planned for the nation...............well it's a start! 7.30 Time for Tacker's walk

Pikiranku

6/05/2013Here's a little anecdote to brighten up your day ... We've just had a young technician from Adelaide in here sorting out our TV aerial so we get a better digital reception (all done under a government scheme to help out the oldies - thank you, Julia). There wasn't a heap he could do, our area being notoriously problematic, but when I suggested that what we needed ASAP was the NBN so we could stream our TV through our computer, he totally agreed. From our discussion of the NBN it emerged that he and all his mates are no longer going to vote for the LNP, solely on the basis of their Fraudband policy. Made our day!

nasking

6/05/2013 CHEERS TT. GRACIAS FOR THE SUPPORT. I AGREE THAT BEING RULED BY ROMAN CATHOLICISM WOULD BE DISASTROUS. MY APOLOGIES FOR SO MANY SPELLING ERRORS AND SUCH ABOVE...EYES AND BRAIN FATIGUED. SHOULD READ: FOR THE STATE TO MOVE AWAY FROM THESE RESPONSIBILITIES AND HAND THEM OVER TO PRIVATE COMPANIES THAT HAVE INTERESTS OVERSEAS THAT ARE POTENTIALLY UNSTABLE, DODGY, TAX AVOIDING, CRIMINAL, DECEITFUL IS THE HEIGHT OF IRRESPONSIBILITY...AND ONLY SERVES TO CREATE MAYHEM AND UNNECESSARY COSTS DURING HARDER ECONOMIC TIMES. N'

Michael

6/05/2013Abbott is on record as describing his continuously worn white shirt and a blue tie wardrobe as his "uniform". A Prime Minister in waiting who prefers to wear a uniform. White shirt. Brown shirt. Black shirt. The man's a twerp!

nasking

6/05/2013 [b]Sadly, the loose language that the Coalition uses in this debate may seduce the unthinking into believing that their plausible but empty slogans are economically sound, and well tried and tested. [/b] AD, INDEED. TRICKY, SLY CHARACTERS TRYING TO PULL A FAST ONE. TOO MANY IN THE MSM ARE LETTING THEM GET AWAY WITH THIS SCAM. THEY WILL COP THE BLAME BIG TIME WHEN THIS LYING GROUP OF ECONOMIC MORONS TAKE US INTO A RECESSION...AND LEAVE THE NATIONAL ASSETS CUPBOARD BARE...THE OVERSEAS INTERESTS FLEEING WITH THE PROFITS...LEAVING US LUMBERED WITH THE HUGE COST OF MAINTENANCE, REBUILDING, REPAIRING THE ENVIRONMENT, CLEANING THE AIR, LAND AND WATER...AND LAW SUITS. NOT TO MENTION HAVING TO CATCH UP. WE WILL NOT FORGET. N'

Truth Seeker

6/05/2013Ad, a very interesting read, and a scary proposition for Australia if the incompetent Hockey gets his hands on the purse strings. As I have mentioned on my blog, my sister in England, who never talks politics, is now bringing up what the UK Tory's are doing every time I speak to her. She is appalled at the way the lower socioeconomic demographics are being beaten up by austerity measures. Hockey's use of the maxed out credit card is a prime example of his dishonesty and misleading language, as any who have a credit card know that the interest rates on credit cards( of anywhere up to 22%+) make it a lifetime prospect of paying out a maxed out card, when the interest rate that the government would be paying with the AAA rating would be well below 5%. It is also telling that there is right wing speculation about us losing the AAA rating because of the deficit, when the truth is that we were awarded the rating while we had a deficit… Go figure? Thanks again Ad for your fine article, and keep up the good work :-) Cheers :-) :-)

nasking

6/05/2013 [b]A Prime Minister in waiting who prefers to wear a uniform.[/b] MICHAEL, TELLS YOU A LOT ABOUT THE MAN. MORE OF A CONTROL FREAK I IMAGINE THAN SOME MIGHT THINK. THO, I IMAGINE HE LEAVES MUCH OF THE HEAVY LIFTING TO HIS TWO WIVES (SO TO SPEAK)...THE ONE AT HOME...AND THE ADVISOR. I WOULDN'T BE SURPRISED IF THEY ARE THE GLUE THAT HOLDS HIM TOGETHER. I RECKON HIS THOUGHTS ARE ALL OVER THE PLACE...AND THEY ARE THE ONES WHO FOCUS HIM...EVEN PROVIDE HIM WITH MORE COHERENT IDEAS. IN FACT, IT MAKES ME WONDER IF ABBOTT'S PAID PARENTAL LEAVE SCHEME IS HIS WIFE'S IDEA...??? BTW, NOT SURE IT'S A GREAT IDEA FOR A MALE LEADER TO HAVE TWO WIVES...THE TENSION HEATS UP OVER TIME. N'

nasking

6/05/2013 AD, [b]IT WOULD BE INTERESTING TO KNOW WHAT LEVELS OF DEBT MURDOCH, RINEHART, FORREST, SINGLETON, PACKER AND OTHER MEGA-RICH HAVE HAD OVER THE YEARS... AND IF THEY FELT THEY NEEDED TO LOAN LARGE AMOUNTS AT TIMES REGARDLESS OF INTEREST PAYMENTS IN ORDER TO GROW AND EXPAND THEIR BUSINESSES? I FIND IT AMUSING WHEN POLITICAL PARTIES FART ON ABOUT DEBT ONLY TO LEARN THEY ARE THE VOICES FOR MASTERS WHO ARE COMPLETE AND UTTER HYPOCRITES.[/b] N'

Ad astra

6/05/2013Talk Turkey Thank you for your most complimentary remarks. I’m glad this piece made some sense out of what is a complex subject. Indeed, it is this very complexity that makes discussion, even amongst well-educated economists, so problematic. In February 2009 a piece I wrote titled: [i]The problem with economists[/i] began: [i]”The central problem with economists is that not one of them fully understands how the world economy came to be in the mess it’s in. They can give partial explanations that describe a series of events and actions that have brought us to where we are, but these explanations are always incomplete. The complexities of national economies and how they interact is so bewilderingly multifaceted, the intricacies of the interactions among the myriad of variables so byzantine, that the human brain is incapable of comprehending them. Only a powerful computer would be capable of processing the millions of bits of information involved, and even if that were available, inputting the relevant data would be an overwhelming task. Anyone familiar with systems theory and chaos theory will understand this. So economists have to do the best they can with the limited information they have at their disposal and the inadequate processing capability available. So we ought not to be too critical of their inability to give us unassailable insight and clear direction. “But an even greater problem with economists is that some are unaware of the problem just described. They exhibit a sad unawareness of their own professional ignorance of the complexities involved and their own inadequacies. The only thing that’s more damaging than ignorance is unawareness of that ignorance. This is compounded if the unawareness is accompanied by an erroneous belief in one’s understanding and competence. Some commentators on matters of economics are too willing to pontificate as if they really understand. This serves only to mislead those who listen to them. Occasionally an economist will admit that no one fully understands how we got into this financial crisis, how to adapt to it and how to counter it. We should be pleased rather than critical when Government spokespersons concede that the situation is exceedingly complex, not fully understood, and that proposed actions are by no means certain to work. ‘This is not a silver bullet’ is an oft-repeated phrase. There are commentators in business and in the media who concur, but there are as many smart-alecs who believe they know best and that proposed actions ‘won’t work’ or are ‘reckless’, are ideologically ‘outdated’, or more stridently, ‘stupid’. These people are a hindrance to rational debate.”[/i] http://www.thepoliticalsword.com/post/2009/02/18/The-problem-with-economists.aspx A comment by ToM highlights this: “[i]Ad Astra has lost the plot, and the logic, he really provides too much material to deal with…”[/i] and then goes on to give his simplistic assessment of the debt phenomenon. It is this smart-alec approach that bedevils sensible discussion. To ToM, it’s all so simple. This piece attempted to explore the austerity approach, and offered data from actual experience (for example, Paul Krugman’s ‘Austerity and growth’ graph in his article [i]Austerity Europe[/i]), http://krugman.blogs.nytimes.com/2013/02/23/austerity-europe-2/ and then showed that even the theoretical underpinnings that seemed to exist in the Rinehart Rogoff paper turned out to be invalid, partly due to a significant error in their Excel calculations. It seems that leaves the proponents of austerity, Europe style, with no leg to stand on, and calls into question the validity of Hockey’s austerity measures. Of course we have only Hockey’s vague words, and await the details of how he would have this nation ‘live within its means’. All we have as an example is what Campbell Newman’s LNP has done in Queensland, and it’s ugly. I don’t make this stuff up. I use what seems to me to be accessible, reliable sources to develop an argument. I’m not alone. Writing in [i]Business Spectator[/i], Stephen Grenville in an article titled: [i]How economists perpetuated the great recession[/i] says, among other things: http://www.businessspectator.com.au/article/2013/4/25/global-financial-crisis/how-economists-perpetuated-great-recession [i]“It can be argued that the economists' views, whether right or wrong, were not central to the austerity debate, which took place at a political level. In the US, in particular, it was a doctrinal debate about the proper size and role of government. Economics (eg. the Rinehart and Rogoff analysis) was just a handmaiden of politics. “But this lets economists off too lightly. Keynes made the point long ago: "the ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood." Good economists know that nothing is certain and everything depends on everything else. They know the weakness of their analytical tools and resist the temptation to enshrine ambiguities with the false precision of models or with the blinkered certainty of doctrine. “Economists have to resist the demands of politicians who want simple arguments ('one-handed economists') powerful enough to confound their opponents and sway the public. Economists need to respond quickly to unfolding events and stand ready to take the defence attributed to Keynes: "When the facts change, I change my mind. What do you do, sir?" “Rinehart and Rogoff's mistake was to draw strong conclusions from muddled data and sloppy technique. They were too ready to accept a result that fitted their preconceptions. If we argue that it didn't matter, then we downgrade the role of academic analysis in policy-making. This leaves the field open to Keynes' "madmen in authority".[/i] Since some perpetually criticize our Treasurer, the following paragraph from the same article is worth a read: “[i]The IMF is not alone in re-positioning. Larry Summers now thinks the 2009 Obama stimulus was too small, shifting his alliterative advocacy from 'timely, targeted and temporary' to 'speedy, substantial and sustained'. Australian Treasurer Wayne Swan agrees, urging less austerity for Europe.[/i]” It seems Swan was right after all. Read more: http://www.businessspectator.com.au/article/2013/4/25/global-financial-crisis/how-economists-perpetuated-great-recession#ixzz2STLRXcHU My wish is that the man who wants to be Treasurer, a man who so much and so often enjoys berating his counterpart, would come out with a comprehensive, considered statement about the pros and cons of what he styles ‘living within our means’, the in-practice evidence to support it, the intellectual underpinnings that shore it up, and precisely how he would apply his plan. All economists agree that returning to surplus in the medium term is what is needed for our nation. Extreme austerity that inhibits growth and increases unemployment, seems not to be the answer. What we want from Hockey is precision about how he would tackle returning to surplus, and the consequences of his intentions.

Catching up

6/05/2013Wonder how much debt was involved, enabling Clive Palmer and his ilk to make the fortunes they have. Debt is OK when it comes to the household budget. Essential when it comes to business. Bad, when it comes to government. Why has there not been an outcry over the NSW's plan for Manly Hospital. Especially so, when one recalls the disastrous Mcquarie Hospital, which cost the taxpayer much to buy back.

Ad astra

6/05/2013Patriciawa I [b]am[/b] frightened by what Joe Hockey says, so vague and imprecise. As mentioned in my comment above, I what to know exactly what he intends, and wonder how long ne can get away with the perennial excuse – ‘I don’t know the state of the books’. Pikiranku That’s an encouraging anecdote!

nasking

6/05/2013 THIS IS BRILL AND THOUGHTFUL: [b]FIRST DOG ON THE MOON'S SPOKEN CARTOONS[/b] http://www.crikey.com.au/2013/05/03/first-dog-on-the-moons-spoken-cartoons/ COOL. N'

nasking

6/05/2013 [quote]AND IF THEY FELT THEY NEEDED TO LOAN LARGE AMOUNTS AT TIMES REGARDLESS OF INTEREST PAYMENTS IN ORDER TO GROW AND EXPAND THEIR BUSINESSES? [/quote] ARRGHHH...MY BRAIN IS STUPID THIS MORNING. SHOULD BE: BORROW LARGE AMOUNTS... N'

Ad astra

6/05/2013nasking Thank you for your kind words. Wouldn’t we all love to know how these mega-rich handle debt? It may be an inapplicable analogy to use about government debt, but we do know that their immense wealth has accrued [b]because[/b] of borrowing, usually wise borrowing. Debt is their welcome handmaiden. Truth Seeker Thank you too for your remarks. Your anecdote about your sister in England highlights how important it is for politicians to use precise language, free of political overtones when placing their economic strategies before the public. But that seems to be an impossible ask. Politics and political point-scoring so contaminates almost everything they say, that truth is lost among the half-truths, the vague statements, the deception, and the downright lies that escape their lips day after day.

Sir Ian Crisp

6/05/2013[quote][b] In his 28 April article in The New York Times: The Story of Our Time, Paul Krugman, Professor of Economics and International Affairs at Princeton University, wrote: "People like me predicted right from the start that large budget deficits would have little effect on interest rates, that large-scale “money printing” by the Fed…wouldn’t be inflationary, that austerity policies would lead to terrible economic downturns. The other side jeered, insisting that interest rates would skyrocket and that austerity would actually lead to economic expansion. Ask bond traders, or the suffering populations of Spain, Portugal and so on, how it actually turned out." [/b][/quote] Mr Krugman has his detractors. [quote][b] Niall Ferguson to Paul Krugman: You’re Still Wrong About Government Spending The Harvard University history professor and author of "The Great Degeneration: How Institutions Decay and Economies Die" and “Civilization: The West and the Rest” says Krugman’s pro-government spending thesis not only fails to address the core problems facing the U.S. and Europe today but also has dire consequences for individuals living in these economies. “You can’t borrow trillions of dollars a year for the rest of time,” Ferguson says in an interview with The Daily Ticker at the Milken Institute Global Conference 2013. “Once a government gets to a very very high level of debt, the risk is very small increases in borrowing costs which create a vast ocean of red ink. So that risk is not negligible. Very large debts do not simply disappear by magic.” Ferguson argues that Carmen Reinhart’s and Ken Rogoff’s conclusions about the relationship between high debt and low growth are still true. The two Harvard economists had to defend their seminal 2010 paper "Growth in a Time of Debt" after three University of Massachusetts academics “correctly identified a spreadsheet coding error that led us to miscalculate the growth rates of highly indebted countries since World War II,” according to Reinhart and Rogoff. (Lawmakers across the world cited their work as justification to institute austerity policies; they argued that economic growth slowed after a country's public debt equaled 90 percent of its GDP). [/b][/quote] Come in out of the cold Ad Astra; life as a rain dog is not a pleasant one.

Catching up

6/05/2013Years ago, while living in the western suburbs of Sydney, I took to reading foundation stones on many buildings, including public hospitals. What was bought home to me, was the great number, that had the name Jack Lang, on them. Yes, that infamous depression time PM that was deposed by the governor. So hated, that the far right actually took up arms. Added to his accomplishments were the Harbour Bridge and the electrification and extension of the city's rail network. I am not an apologist for Lang. Just stating a fact. We can then move on to the days of Paul Keating, and the RED scheme. Once again, an expensive effort to claw back the unemployment figures after another financial collapse. From that, in the western suburbs we still have numerous recreation areas and parks that are still used today. Merryland and Milpera come to mind. Before that, school kids, for outings, where taken to places like the dusty Campbelltown Showground. Nothing was available in the region. Beaches where a couple of hours away. I have not even mentioned the many achievements of Whitlam, in less than three years. It is funny, even the Stimulation money, improve the lot of people, when in every suburb, councils where able to put in place high quality playgrounds, that are used every day. Last night's show on Murdoch and his relationship with Whitlam was an eye opener. It was nice to hear that Whitlam did not cave into Murdoch, even if it meant his demise. I wonder if that is why this PM is reluctant to have any contact with Murdoch. The difference between the RED scheme and the stimulation was that the stimulation money was spent before people were thrown out of work, and businesses collapsed.

nasking

6/05/2013 THIS FROM WIKIPEDIA: [quote]Austerity programs can be controversial. In the Overseas Development Institute briefing paper "The IMF and the Third World" the ODI addresses five major complaints against the IMF's austerity 'conditionalities'. [b]These complaints include these measures being "anti-developmental", "self-defeating", and "they tend to have an adverse impact on the poorest segments of the population". In many situations, austerity programs are implemented by countries that were previously under dictatorial regimes, leading to criticism that the citizens are forced to repay the debts of their oppressors.[/b] [b]Economist Richard D. Wolff has stated that instead of cutting government programs and raising taxes, austerity should be attained by collecting (taxes) from non-profit multinational corporations, churches, and private tax-exempt institutions such as universities, which currently pay no taxes at all[/b].[/quote] IN SOME WAYS WE ARE THE SERFS... THE BIG CORPORATIONS (OFT MULTINATIONAL) AND THE WEALTHY WHO USE THEIR INFLUENCE TO GET HANDOUTS...BENEFIT FROM OUTSOURCING & PRIVATISATION...USE WELL-CONNECTED LAWYERS AND ACCOUNTANTS TO TAX DODGE...USE POLITICAL CONTACTS TO GET LUCRATIVE CONTRACTS...THE LIST GOES ON... IT IS THEY WHO ARE OUR OPPRESSORS. [b]IT IS MANY OF THEM THAT SUPPORT AUSTERITY MEASURES INCLUDING JOB CUTS, RAISING THE RETIREMENT AGE, REDUCING COMPANY TAX RATES, FREEZING WAGES AND PENSIONS WHILST REDUCING PUBLIC SERVANT WORK HOURS...PRIVATISING PORTS, RAIL AND ROADS...REDUCING AND OUTSOURCING PUBLIC HEALTHCARE...INCREASING PBS FEES...SELLING OFF SCHOOLS AND SCHOOL LAND...AND SO ON...[/b] ENUFF...IS ENUFF. [b]POWER TO THE PEOPLE[/b] N'

nasking

6/05/2013 [quote]Wouldn’t we all love to know how these mega-rich handle debt? It may be an inapplicable analogy to use about government debt, but we do know that their immense wealth has accrued because of borrowing, usually wise borrowing. Debt is their welcome handmaiden.[/quote] INDEED AD...INDEED. DON'T FORGET...THERE ARE SOME WHO PREDICT THAT ONEDAY CORPORATIONS WILL REPLACE STATES. LET'S HOPE NOT. I WOULD HATE TO LIVE IN A WORLD WHERE EVERYONE WEARS A MCDONALDS' UNIFORM...AND PRAYS TO A CLOWN...KIDS GETTING FRIES, MILKSHAKE AND BURGER FOR LUNCH AT SCHOOL...PLAYING WITH RONALD ON THE COMPUTER AT HOME LEARNING TO DO NUMERACY AND BUDGET BY HOW MUCH IT TAKES TO BUY A MEXICAN WORKER TO WORK IN AN ABATTOIR...HOW MUCH A FAST FOOD FARMER NEEDS TO GROW TO SUPPLY SO MANY THOUSANDS OF CRATES OF POTATOES...AND SO ON... IMAGINE THE UNITED STATES OF APPLE, MCDONALDS, COCA-COLA, CHEVRON AND GOLDMAN SACHS? SHIVER. ALMOST THERE. N'

Tom of Melboune

6/05/2013• When do we have enough debt? (are we there yet?) • The government is using debt for recurrent expenditure. Would Ad Astra care to explain how this is a little different from a mortgage? False and stupid analogies abound. Nothing unusual in that here.

nasking

6/05/2013 AHHH...HUBRIS: [b]Nigel Farage has opened the door to an electoral pact between his UK Independence Party and the Conservatives – but said that Tory MPs would have to oust David Cameron as their leader first.[/b] http://www.independent.co.uk/news/uk/politics/nigel-farage-opens-door-to-ukip-pact-with-conservatives--but-only-if-david-cameron-is-ousted-as-leader-8604371.html [b]We've seen the hubris. And now we're seeing the scandals. [/b] David R Gergen TICK TOCK... OH HOW THE MSM PACK DOES LUV TO FEED IN THE UK. N'

nasking

6/05/2013 I HAVE A FEELING THE MSM HERE ARE WAITING TO FEED ON ABBOTT. THEY WILL HAVE PLENTY TO FEED ON. SADLY, I FEAR IT WILL BE TOO LATE FOR AUSTRALIA'S WELLBEING. N'

nasking

6/05/2013 INDEED: [b]It should be the mark of a civilised society that it takes care of its most vulnerable members. For this reason alone, a national disability insurance scheme merits the bipartisan political support it enjoys. Its eventual passage through Parliament - assuming that happens - would count as a major social reform. The scheme would significantly improve the lives of the disabled and their carers.[/b] [b]And yet, our debate about the NDIS reveals something less than edifying about our political culture. One in which economic prosperity has bred a certain decadence and has corrupted our sense of civic responsibility.[/b] Reforms tend to be born of necessity; rarely are they delivered by the relaxed and comfortable. Ever since Julia Gillard proposed a 0.5 percentage point increase to the Medicare levy to help fund the NDIS, there have been questions. How will we pay for it? Can the average Australian household afford to cop at least $350 a year? [b]Does the NDIS involve a form of ''reckless democratic socialism, which will ultimately sap prosperity'', as the economics correspondent of The Australian has suggested?[/b] [b]There has certainly been pointed hostility from the Australian business community to a levy increase. The chief executive of the Australian Chamber of Commerce and Industry, Peter Anderson, labelled the NDIS a ''gilt-edged scheme''. Myer chief executive Bernie Brookes complained that the levy increase was something that would hurt his company's profits: it was money that consumers would have spent at its stores.[/b] ...Admittedly, any increase in the Medicare levy won't be sufficient to fund the NDIS. More money will have to be found elsewhere. This should come from savings and not just taxes. And all this will have to be done at a time when the federal government's revenues are in structural decline. As the Prime Minister flagged last week, her government will have to take some ''urgent and grave decisions'' and put ''every reasonable option on the table'' in order to make up revenue shortfalls. Maybe, just maybe, this will include long overdue steps to abolish wasteful tax breaks such as negative gearing and fuel tax credits for companies. According to the Australian Tax Office, more than 1.2 million property investors claimed an income loss of an average $10,950 in 2010-11. It is difficult to determine exactly how much tax revenue is forgone because of this - but this involved $13.2 billion of tax losses in 2010-11. Fuel tax credits, meanwhile, are estimated to have cost $5.5 billion in 2011-12. There is no doubt bleak budget talk has spooked many, but perhaps there is something in the moment upon which Gillard and her government can seize. As Fairfax Media commentator Jack Waterford has rightly observed, ''there is a window of opportunity in which a reborn adventurousness and apparently confident ministry could suddenly acquire optimism, idealism and a focus on legacy''. Machiavelli famously counselled political leaders to know that sometimes it is better to be daring rather than cautious. Fortune bends to audacity. When done right, boldness is rewarded in politics. Read more: http://www.smh.com.au/opinion/politics/when-did-the-lucky-country-become-selfish-20130505-2j120.html#ixzz2STzCLlxM COURAGE NEW LAND N'

nasking

6/05/2013 LYN, WHAT TREMENDOUS WORK YOU HAVE DONE ON OUR BEHALF. I WILL ENDEAVOUR TO WORK THRU THE LINKS YOU HAVE KINDLY PROVIDED. MUCH READING AHEAD. I HAVE SHARED THE USEFUL MR DENMORE POST ON FACEBOOK. UNTIL LATER. CHEERS N'

MWS

6/05/2013The WA Liberal/National coalition government came to office in 2008, when State debt was $3.6 billion. It is expected to reach $14.4b by July 2013, and increase to $19.9b in 2014. I don't remember the conservatives complaining about the high level of debt in WA, and it didn't get much of a run during the March 2013 election. Why is the Federal Government's debt such a big issue? Perhaps people in other conservative-led states can inform me how their governments are handling their state debts?

MWS

6/05/2013Link to numbers in previous comment: http://au.news.yahoo.com/thewest/a/-/newshome/8864825/state-debt-tipped-to-hit-20b/

Michael

6/05/2013And here, front and centre, the real Malcolm Turnbull. http://www.afr.com/p/technology/turnbull_brands_conroy_grub_in_nbn_M5ncrhYb4idW3K9nuMKBzH Whoever coined "Abbott in Armani" got it right. Turnbull is Twerp #2.

nasking

6/05/2013 MWS...GOOD POINTS... OF COURSE WE MUST REMEMBER THAT WA IS RUN BY [b]HOLIER-THAN-THOU LIBERAL COLIN BARNETT WHOSE SH*T DON'T STINK[/b] HE OF [i]THE MIGHTY SOOK ORDER[/i]. [quote]I MUST GET MY WAY...I MUST I MUST I MUST!!![/quote] N'

nasking

6/05/2013 ECONOMIST JOHN QUIGGIN: [b]Thanks to the dominance of tax-cutting dogma over recent decades, there’s no shortage of options to raise additional revenue. The first would be to scale back the tax cuts for high-income earners originally proposed by Howard in 2007 and adopted in large measure by then prime minister Kevin Rudd. Increasing the top marginal rate of tax to 50% and applying it to income over $150,000 would recapture only a small part of the increased share of income that has gone to those in the top 1 or 2% of the income distribution. Nevertheless, it would be sufficient to raise close to 1% of GDP per year over the next few years. Then there’s a laundry list of concessions and tax expenditures such as the the Seniors’ Tax Offset and the abolition of income tax on super fund earnings paid to people over 60. Together with earlier decisions to halve the rate of capital gains tax and end the indexation of petrol tax excise, economist Saul Eslake lists these as “the dumbest tax decisions of the last 20 years”. Again, it would not be hard to find 1% of GDP here...[/b] More here: http://www.crikey.com.au/2013/05/06/fantasy-budget-economist-john-quiggin-is-treasurer-for-a-day/ GOOD TO SEE SO MANY USEFUL IDEAS BEING PUT FORWARD. N'

Ad astra

6/05/2013Folks As Sir Ian seeks to quote Niall Ferguson, Laurence A. Tisch Professor of History at Harvard University, as one with the authority to rebut the views of Paul Krugman, cited in this piece, let’s look at Ferguson’s background. Here’s what Wikipedia had to say: http://en.wikipedia.org/wiki/Niall_Ferguson Anyone who has absorbed his very readable: [i]The Ascent of Money: A Financial History of the World[/i], and watched his informative television series on the same subject, would know that this man is a formidable authority on finance. His attitude to John Maynard Keynes would also be apparent. So it ought not come as a surprise that he disagrees with Krugman’s writings, which endorse a Keynesian approach. Ferguson’s virulent opposition to Keynesianism is apparent from his utterances about Keynes, most recently in the last couple of days, where he told “[i]…an investment conference of financial advisers and investors in the United States that influential 20th century British economist John Maynard Keynes’ economic philosophy was flawed because it was shaped by his homosexuality and the fact that he did not have children.”[/i] , This is a replica of what he said in the early nineties. Sir Ian may care to read more about what [i]Business Insider Australia[/i] had to say about the recent episode: http://au.businessinsider.com/niall-ferguson-on-keynes-and-his-sexual-orientation-2013-5 And how [i]Forbes[/i] reported it: http://www.forbes.com/sites/timworstall/2013/05/05/niall-fergusons-keynes-was-childless-gay-so-dont-worry-about-the-long-term-rumpus/ And [i]BRW[/i]: http://www.brw.com.au/p/leadership/public_niall_ferguson_stupid_comments_Abz6Gk1qZMwAkHBGTFH6VM Sir Ian may also care to read Ferguson’s apology: http://www.niallferguson.com/blog/an-unqualified-apology I post these links, not to ‘prove’ that Krugman is right and Ferguson wrong, but simply to point out that mere rebuttal of Krugman’s views on austerity by an anti-Keynesian like Ferguson, ‘proves’ nothing. Sir Ian is entitled to post his opposing views, and quote any author he chooses to make his case, but I do wonder why he needs to infer that somehow I am in no man’s land on this matter with his gratuitous concluding sentence: “[i] Come in out of the cold Ad Astra; life as a rain dog is not a pleasant one.”[/i] That sentence spoils the whole thrust of his comment and destroys the possibility of rational debate. Pity!

Ad astra

6/05/2013MWS I wonder why increasing debt in WA seems to be accepted as OK, but not in Canberra. The State Political Editor at [i]thewest’[/i], Ben Harvey, makes no adverse comment about it; I wonder why? Michael There can be no real debate between Malcolm Turnbull and Stephen Conroy. The antagonism is too great. Which is a pity, as it exposes the electorate to partisan rhetoric rather than facts and logic on an important subject about which we need sound information. nasking John Quiggin is sound and worthy of attention.

Sir Ian Crisp

6/05/2013[quote][b]Folks As Sir Ian seeks to... [...] Ad astra [/b][/quote] I'll see your BRW, Forbes etc and raise you. Here's yet another Krugman detractor. [quote][b] What Paul Krugman Gets Wrong About Austerity, Estonia, and Government Spending [...] Not surprisingly, some people disagree with my analysis. Paul Krugman of the New York Times criticized Estonia yesterday, writing that the Baltic nation suffered a “Depression-level slump” in 2008 and has only managed an “incomplete recovery” over the past few years. He blames this supposedly weak performance on “austerity.” I have a positive and negative reaction to Krugman’s post. My positive reaction is that he’s talking about a nation that actually has cut spending, so there’s real public-sector austerity (see Veronique de Rugy’s L.A. Times column to understand the critical difference between public-sector and private-sector austerity). This is a sign of progress. In the past, he launched a silly attack on the U.K. for a “government pullback” that never happened, so what he wrote about Estonia at least is based on real events. My negative reaction is that Krugman is very guilty of cherry-picking data. If you look at the chart that accompanies his post, Estonia’s economic performance isn’t very impressive, but that’s because he’s only showing us the data from 2007-present. [...] http://www.policymic.com/articles/9410/what-paul-krugman-gets-wrong-about-austerity-estonia-and-government-spending [/b][/quote] Don't be a rain dog AA. Come in out of the cold. Klugman's opinion doesn't make him right. Did borrowings and spending (the Krugman formula) make our esteemed treasurer promise to create 500,000 jobs? They haven't materialised yet.

nasking

6/05/2013 THIS FEDERAL LABOR GOVT HAS BEEN FORCED TO DEAL WITH LIBERAL NEGLECT...AND CARROT MESSES: - LACK OF INVESTMENT IN ESSENTIAL INFRASTRUCTURE - POOR DEFENSE FUNDING DECISIONS - HANDOUTS TO THE WELL-OFF - LUMP SUM BABY BONUS CREATING MANY POOR YOUNG MOTHERS - POOR SUPERANNUATION DECISIONS - PARTICIPATING IN STRATEGICALLY DUMB WARS THAT DISPLACE MANY PEOPLE - LACK OF NATIONAL DISABILITY SCHEME - RAMPANT LIVE EXPORTING OF ANIMALS INADEQUATELY REGULATED - ABC LEARNING CHILDCARE IMPLOSION - DISINTEREST IN PUBLIC SCHOOLS...NOT ASSISTING WITH DISADVANTAGED STUDENTS - NO NATIONAL CURRICULUM - STALLING ON MURRAY-DARLING ISSUES - POOR INTERNET SPEEDS AND LACK OF ACCESSIBILITY FOR MANY IN RURAL, REGIONAL AREAS - EXCESSIVE AND EXPENSIVE USE OF CHRONIC DENTAL SCHEME BY WELL-OFF - PERMITTING HOUSING BOOM TO CREATE TOO MUCH PERSONAL DEBT AND UNAFFORDABLE HOUSING - ABUSE AND EXPLOITATION OF WORKERS UNDER 457 VISAS AND WORKCHOICES - STRIPPING ELDERLY OF HOMES FOR AGED CARE - SOCIAL DISHARMONY CAUSED BY DOG WHISTLING - LOW INDIGINEOUS MORALE DUE TO LACK OF RECONCILIATION...NO SORRY...USE OF TROOPS - LACK OF MOVEMENT ON TAX FREE THRESHOLD THE LIST GOES ON AND ON... SHADOW IMMIGRATION MINISTER SCOTT MORRISON IS DEMONSTRATING A GREAT DEAL OF GALL AND HUBRIS BY STATING "THE LIBERAL PARTY CLEANS UP LABOR MESSES"... THAT'S FOR DAMN SURE. N'

nasking

6/05/2013 ADD: - TAKING A BILLION OUT OF PUBLIC HEALTHCARE - LACK OF AFFORDABLE GENERIC DRUGS AVAILABLE N'

nasking

6/05/2013 FURTHERMORE: - INADEQUATE INVESTIGATIONS INTO DRUGS IN SPORT - PERMITTING COVER-UP OF CATHOLIC CHURCH AND OTHER INSTITUTIONAL CHILD ABUSE - LACK OF MINING TAX - SLACK ON ALTERNATIVE ENERGY N'

nasking

6/05/2013 YAWN! MSM STUCK IN A GROOVE. N'

Ad astra

6/05/2013Folks Sir Ian is running out of contrary views to refute Paul Krugman. This time he quotes Daniel J. Mitchell who is touted as “[i]…a top expert on tax reform and supply-side tax policy. Mitchell is a strong advocate of a flat tax and international tax competition. Prior to joining Cato, Mitchell was a senior fellow with The Heritage Foundation, and an economist for Senator Bob Packwood and the Senate Finance Committee.[/i] His views on tax point to his ultra-conservatism. What is The Heritage Foundation? “[i]It is an American conservative think tank based in Washington, D.C. Heritage's stated mission is to "formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense". The foundation took a leading role in the conservative movement during the presidency of Ronald Reagan, whose policies drew significantly from Heritage's policy study Mandate for Leadership. Heritage has since continued to have a significant influence in U.S. public policy making, and is considered to be one of the most influential conservative research organizations in the United States.”[/i] http://en.wikipedia.org/wiki/The_Heritage_Foundation To Sir Ian raising me, I say: ”So what?” And he couldn’t resist repeating his gratuitous backhander. If he can’t argue his case without that sort of disagreeable behaviour, why should I bother with him? I thought that this time he was entering into a rational debate, but never mind!

Tom of Melbourne

6/05/2013"simplistic' The most simplistic and inaccurate comments here compare government debt to mortgages and that of business. Households are particularly unwise to fund their living expenses by increasing their credit card debt. But that's esentially what the government is doing. Businesses might fund their capital expansion through debt, but they fo broke of they borrow to fund their operating expenses. But that's what the government is doing. So many false, dumb analogies here.

nasking

6/05/2013 AN INFORMATIVE POST ON THE PRESSURES THAT COME WITH USING DRONES IN THE FOREVER WAR: [quote]Virtually unnoticed are those who are riveted to computer monitors here for hours at a time, the fast-paced pressure they endure, the demand for perfection and the constant risk of error in this new form of warfare: digitally-enabled high-altitude strikes managed from thousands of miles away. Theirs are the unseen faces of Obama's drone war, a generation of Americans who are every bit engaged in combat even if they are not ducking incoming rounds and their fatigues are not soaked in the sweat and dust and blood of Afghanistan. The human stress, senior commanders here acknowledge, is "extremely high." When a U.S. special operations forces team is poised to raid a suspected insurgent compound, when a Marine squad in Afghanistan is alerted to an ambush, when a gathering of men identified as terrorists disappears in the bloom of an explosion in Pakistan, these analysts likely played a key role. And with the White House driving an exploding demand for more flights by reconnaissance and attack drones, an increasing burden is falling heavily on the enlisted Air Force men and women here -- "airmen," in official terminology -- often just a few years out of high school. The stress is already so high that concerned commanders have assigned a psychologist and a chaplain with top security clearances to work full time inside the facility. The drone war is in full swing. U.S. armed drone strikes are reported to have killed more than 2,500 Taliban, al Qaeda and other extremist leaders in Pakistan alone. But in Pakistan, Yemen and Somalia, drones strikes have killed an estimated 900 civilians and injured more than 1,200 civilians since 2002. In Afghanistan, the military struck at targets 494 times last year with armed drones, according to data that has since been removed from the Air Forces Central Command website. Information on the number of Afghan civilians killed in these strikes is anecdotal, but powerful. These attacks are often portrayed as a highly technical, robotic form of warfare. But behind every strike are hours, days and even weeks of surveillance and analysis by the airmen who work inside this Air Force Distributed Common Ground Station. It is the largest of five globally networked facilities that receive and analyze the data flowing back from drones and manned spy planes like the venerable U-2, and then package the intelligence for operations. Senior Air Force officers acknowledge that in this vast, darkened room where hundreds of analysts struggle to keep up with the deluge of data, the potential for error -- the possibility of taking innocent life -- is ever-present, just as it is in ground combat operations. "Burn-out is obviously a big concern for us," said Air Force Col. Mike Shortsleeve, a veteran intelligence officer who commands the 497th Intelligence, Surveillance and Reconnaissance Group that mans and operates the center here. Air Force researchers and others who have studied the airmen here know that the stress and tension that build during weeks and months of staring at monitors can lead to loss of concentration. What is not clear is whether fatigue plays a role in the tragic errors that occur in wartime, as happened in the NATO air strike in Aghanistan earlier this month that reportedly killed 11 children. [/quote] MUCH MORE HERE...WORTH READING ENTIRE ARTICLE: http://www.huffingtonpost.com/david-wood/obama-drone-war_b_3149660.html?ncid=edlinkusaolp00000009 WHY DOES THIS DRONE WAR BRING TO MIND NOVELS 'ENDER'S GAME', 'SPEAKER FOR THE DEAD' etc...??? CHILL UP SPINE. N'

Tom of Melboune

6/05/2013No doubt Ad Astra is a better medical practitioner than he is a political or economic analyst. He simply doesn’t understand that debt for routine expenses is poor policy in almost any circumstance, while debt to fund necessary capital and infrastructure programs may be good policy. Ad Astra compares debt to cover routine government expenses to debt for asset acquisition by households (a mortgage for a house), others speculate about how some rich people used debt. Rich people aren’t rich if they’ve used debt to fund their routine expenses. Rich people become bankrupt people if they do that. Ad Astra and others should try some “thinking”

lyn

6/05/2013Hi Ad, Thankyou for your new article “Living within our means Hockey Style”. You never fail to delight us all, you call the other blogs “Today’s Links” delicious, your writing is delectable. Ad in your comment @ 12.40pm to Patricia “I am frightened by what Joe Hockey says, so vague and imprecise”. I had to go shopping this morning. When I got home, of course on goes ABC24 . Joe Hockey was doing a Presser. In answer to a question on Abbott’s PPL. This is what Hockey said [quote]“ I said, what I said, about what I said,” [/quote] This is me saying that is what he said. Interesting links here: TheFinnigans Turnbull confirmed LNP will adopt the discredited Austerity Policy - http://www.theaustralian.com.au/national-affairs/coalitions-malcolm-turnbull-says-he-can-make-no-promises-on-abc-sbs-funding/story-fn59niix-1226635950058 Zac Spitzer ‏ The audience understood that, there was no applause after Hockey finished his explanation of the PPL scheme http://catallaxyfiles.com/2013/05/06/liberal-paid-parental-leave-scheme-is-just-welfare/?utm_source=twitterfeed&utm_medium=twitter … Mari R ‏ http://au.news.yahoo.com/latest/a/-/latest/17029189/lib-mp-rejects-abbott-parental-leave-plan/ … Even Yahoo is reporting the LNP dissent over Abbott's brain fart PPL for" rich women" [quote]NBN debate turns into slanging match, The Telegraph [/quote] The row escalated after Mr Turnbull suggested Senator Conroy had been incompetent during negotiations with Telstra over access to its copper network for the NBN. Mr Conroy responded by questioning advice that Mr Turnbull gave in the late 1990s during his time as a corporate lawyer. A clearly angry Mr Turnbull retorted: "You are so desperate that all you can do is smear and abuse. "That's the best you can do. You poor fellow. "[b]You're such a mess, you're such a grub, Stephen. You're such a sad figure." [/b]http://www.dailytelegraph.com.au/news/breaking-news/nbn-debate-turns-into-slanging-match/story-e6freuz0-1226635957208?sv=47fb800fb3390ac2a618f05e852a5391#.UYcddOqAMtY P ‏@_P_November Why is Abbott still leading Libs? Absolutely nothing to offer. Abbott facing party revolt over key policy http://www.heraldsun.com.au/news/breaking-news/abbott-facing-party-revolt-over-key-policy/story-e6frf7kf-1226635749098?sv=1ad6f1d755d77770d324f465f1864b07#.UYbmoMey_Sk.twitter … Talk Turkey 09:17 AM thankyou for your lovely words. True “without TPS none of us would be here”. TT we all trying hard to STOP THE PLOT!. Patricia, thankyou to you, as always lovely to see you here. Pikiranku love what those technicians had to say to you, just proves all these polls are not accurate, because if those technicians said that, there would be many, many, others of the same opinion. Michael like your name “Twerp”, pretty apt description seeing it means silly, weak-minded, or contemptible person. Uniform how ridiculous, as Nasking said “tells us a lot”. Lotto accusing Julia yesterday of wanting to create a monument with her NDIS, so is he creating a monument with his PPL scheme, calls it his sovereign policy. Nasking Thankyou ♥ You said “ I HAVE A FEELING THE MSM HERE ARE WAITING TO FEED ON ABBOTT”. I am hoping it is not too late, you watch Abbott splatter as it is beginning to happen now. I will laugh if he has to change his Sovereign Policy. See he wedges himself and he would hate with all hate having to back down. :):):):):):)

Jason

6/05/2013Tom of Melboune I look forward to reading a comprehensive report on your blog ! do you care to give the link again?

nasking

6/05/2013 CHEERS LYN. IGNORE THE ESSENTIAL,POLL. THE LEVY WILL GROW ON VOTERS. THEY HAVE BEEN GETTING TOO MUCH BS INFO...THE VIEW WILL SHIFT. EVENTUALLY THE APPROPRIATE INFO WILL BREAKTHROUGH. HOLD STEADY. N'

Ad astra

6/05/2013Hi Lyn As you can see, I’ve been busy writing today, so I’ve only now finished your beautiful links. I’ll start with the one in [i]Independent Australia: The economists’ error and the misguided push for austerity.[/i] http://www.independentaustralia.net/2013/politics/the-economists-error-and-the-misguided-push-for-austerity/ For those like Sir Ian and ToM, who still want to argue the toss about the dire effects of extreme austerity applied over the short term as distinct from steadily decreasing debt in the medium term while sustaining growth and employment, this article is a must-read, and the first YouTube video essential viewing. The concluding paragraphs tell the story: “[i]The policy implication of Reinhart and Rogoff, which also arises from Herdon, Ash and Pollin’s analysis, is that countries should avoid excessively high debt to GDP ratios in the [b]long term. This does not require fiscal austerity, especially during cyclical recessions.[/b] [My bolding] “In fact, the most effective way to maintain the debt to GDP ratio under control is to adopt a countercyclical fiscal policy. This means that in times of recession, fiscal policy should be expansionary (lower taxation, higher expenditure); conversely, in times of expansion, fiscal policy should be contractionary (higher taxation, lower expenditure). “The countercyclical use of fiscal policy guarantees that the deficits realised during recessions are compensated by the surpluses realised in expansions, so that there is no long-term accumulation of debt. “Moreover, such a countercyclical fiscal policy would help stabilise the cyclical fluctuations of the economy, with positive effects on the long term growth potential of the economy. Economists will long discuss the mistake in the formula used by Reinhart and Rogoff. But those policymakers who are insisting on fiscal austerity as a way out of the European crisis are making a much bigger mistake — a mistake that cannot be blamed on Reinhart and Rogoff.”[/i] Ross Gittins is sound, as usual, but the Coalition won’t have a bar of the argument that Costello/Howard largesse at a time of high revenue was the precursor to today’s financial situation. The article in [i]Four Traders[/i] is revealing, another must-read. http://goo.gl/cRcQi Near the end we read: “[i]Today's admission has exposed Tony Abbott's fiscal strategy - he means savage cuts across the board. Such austere measures would slow the economy to a standstill at a time when we should be supporting jobs.”[/i]. Economically I believe they have it right, but I think they have got it wrong about Tony Abbott; it is more likely that: “Today's admission has exposed Tony Abbott's fiscal ignorance.” I doubt if he knows what he’s talking about. That’s scary. Truth Seeker says it so well in verse: [i]Abbott war of class[/i]. http://truthseekersmusings.wordpress.com/2013/05/05/abbotts-war-of-class/ And isn’t Mr Denmore always a good read! I wonder what journos make of his writings. Thank you for your kind comments about this piece at 5.07 PM, and your additional links. There seems to be little doubt that austerity is on the Abbott/Hockey agenda. Heaven help us all. Again, thank you for this brilliant reading. What would we do without you?

Ad astra

6/05/2013jason Shall we leave ToM to his belief that his understanding of economics is superior to mine and those I quote in this piece and in comments. Nothing will change his mind.

Catching up

6/05/2013Listening to ABC 24. Yes, it is all about living within our means. What no more "big tax"

Bilko

6/05/2013AA Another well put together post. Mention of the Euro problem, Greece, Cyprus etc prompted me to ask my brother in Law in the UK via skype last night about the bedroom tax I keep hearing about. It is a case of the Conservatives kicking you when you are really down. It goes like this IF you are a person on benefits dole/social security whatever AND in government housing, if you have a spare/not used bedroom you have to pay this tax. Have you ever heard anything like it the Poll tax was a disaster. One of my other in laws son's committed suicide worrying over it even when his dad had helped him pay it during an earlier crisis. This is the all caring Conservative's, makes Thatcher the milk snatcher, look like Mother Theresa.

jane

6/05/2013NAS' @1.42PM, HOW RIGHT YOU ARE. IT'S LIKE A RERUN OF THE NORMAN CONQUEST. THE ROBBER BARONS COME IN, TAKE WHAT THEY LIKE AND WHEN THEY STUFF UP THEY'RE THERE WITH THEIR GRUBBY PAWS OUT SCREAMING FOR PUBLIC MONEY. AND AS ALWAYS, IT'S THEIR VICTIMS WHO HAVE TO PICK UP THE BILL, WHILE THEY SKULK OFF, MANSIONS, LEER JETS, FLASH CARS AND SWISS BANK ACCOUNTS INTACT. AND NOW THE ARCHITECTS OF THE GFC, SITTING ON THEIR YACHTS GUZZLING CHAMPAGNE AND CAVIAR, ARE ALL IN FAVOUR OF AUSTERITY MEASURES FOR THEIR VICTIMS. HOW ABOUT A BIT OF AUSTERITY FOR GOLDMAN SACHS, THE KOCH BROTHERS AND OTHER ROBBER BARONS? HOW ABOUT THEY PAY BACK ALL THE PUBLIC MONEY THEY SIPHONED UP? HOW ABOUT THEY TAKE A TAX HIKE INSTEAD OF THE PEOPLE WHO CAN LEAST AFFORD IT? HOW ABOUT [b]THEY[/b] CLEAN UP THEIR MESS FOR ONCE? CREATORS OF WEALTH, MY @RSE. CREATORS OF MISERY AND POVERTY, MORE LIKE. Ad astra, SIC is not interested in rational debate, nor is he open to the idea that an opposing view can possibly have any merit. He is also unlikely to accept that using austerity measures as a tool for growth has been discredited no matter what the proof. I also found Niall Ferguson's tv series [i]The Ascent of Money[i] very enjoyable, but disagreed with some of his views. I must be a Keynesian at heart. :) I do find it quite bizzare that Ferguson thinks Keynes' ideas are flawed, not on an intellectual level or lack of knowledge in his chosen discipline, but because of his sexual orientation and lack of children. Not having children and/or being gay strikes me as two of many things which would have absolutely no bearing on economics. Weird! I think the deafening silence wrt WA's debt has more to do with hypocrisy and keeping the public as ignorant as possible, than anything else. You can hardly bang on about the Gillard government being poor economic managers when all the Liars run states are known to be in increasing debt. That high moral ground would be pretty crumbly. It is something that the government should bring to voters' attention, perhaps.

jane

6/05/2013Hi Lyn, just a thank for all your luscious links. My only criticism is it takes me so long to absorb them, I have hardly any time for housework. lol I thought Turnbull took the biscuit wrt being an abusive grub. Conroy hardly managed to squeeze in a word! Turnbull is up to his old tricks, I think. Projection, overweening arrogance not matched by intellect, hubris, intemperate and lack of political nous, all of which helped contributed to his loss of LOTO He is touted as being highly intelligent, but we've seen precious little of it lately. Bilko, what awful news about your in law's son. I feel very sad for them. Please pass on my condolences. As you say, just another example of the care and empathy of the British government toward its citizens. I read a Guardian article about it a few weeks ago. Families and the aged are being thrown into turmoil because of it. One woman with 2 sons, was being forced out of the 3 bedroom flat she currently occupies into a 2 bedroom flat, even though her older son will be 16 in about 6 months and entitled to a bedroom of his own. The thing which makes you really angry about it is that it is so unnecessary, particularly when it seems that Cameron will be handing the rich a nice tax break while making the lives of the poor unbearable. I'm surprised people haven't taken to the streets. They did when Thatcher tried to impose the poll tax. It was very smartly taken off the agenda.

Ad astra

6/05/2013Catching up That’s the Coalition theme – living within our means = austerity. Bilko Thank you for your comment and the information about the UK ‘bedroom tax’. It sounds repressive and unfair, but it is a Tory initiative! jane “[i]Not having children and/or being gay strikes me as two of many things which would have absolutely no bearing on economics.[/i]” Who would disagree, except Niall Ferguson. I gave Sir Ian a go, but you saw his response. What a pity it is we can’t have rational debate without backhanders.

bob macalba

6/05/2013Ad Another terrific post, a bit more from hockey, not good http://www.afr.com/p/national/hockey_raises_prospect_of_middle_k97QJUdU66Ux04f3Os9XMM wow, social security and all that goes with it at your local post office

jane

6/05/2013Ad astra, SIC doesn't like leaving his little bubble for the outside world. Too many differing ideas which are better than his. All jokes aside, it would be nice to have a rational debate.

Truth Seeker

6/05/2013Ad, thanks for your kind words about my post :-) Biloko, that was one of the things that my sister in the UK was so angry about, saying how disabled people were being penalised for the spare room that they need for storing their medical equipment in while the the wealthy were getting a 2,000 pound tax break. Maggie Thatcher is alive and well in the current crop of conservatives both there and here. EVIL! Cheers :-) :-)

lyn

6/05/2013Hi Jane Thankyou for your remarks @ 06.49pm. Thankyou to you for your wonderful genuine posts, you are always enjoyable we think alike you know:):)♥

Tom of Melbourne

6/05/2013When austerity is discussed, does anyone seriously believe reference to the privations of Greece, Spain etc has relevence to the reasonable prudence required in Australia? Why bother to continually refer to those countries? It’s a crew of economic illiterates here, but then so is Gillard.

GordonWA

6/05/2013Hi Ad, Another excellent article, thank you so much. Also many thanks to Lyn and her wonderful links, I learn so much that is simply unavailable in the MSM/ABC. Our economy is doing well compared to many other nations but the LNP and the MSM/ABC keep trying to talk down the economy. I remember that Tony Abbott backed David Murray in warning that Australia faces a "Greek-style economic downturn: http://www.theaustralian.com.au/national-affairs/warnings-of-greece-style-downturn-grossly-irresponsible/story-fn59niix-1226488199076 Tony Abbott also compared the reasonable changes to Superannuation to a Cyprus-style grab for cash. Do these "economic illiterates" seriously believe that the economy of Australia is on a par with basket cases in Europe? Mr Abbott and Mr Hockey seem to think we need austerity medicine.

nasking

6/05/2013 [b]HOW ABOUT THEY CLEAN UP THEIR MESS FOR ONCE? CREATORS OF WEALTH, MY @RSE. CREATORS OF MISERY AND POVERTY, MORE LIKE.[/b] JANE, SADLY WE HAVE SO MANY GREEDY AND IMMORAL MEGA-RICH THESE DAYS USING THEIR MONEY TO CONTROL POLITICAL OUTCOMES AND THE MEDIA MESSAGE... THE INSANITY WE'RE SEEING WITH THIS WATERHOUSE AND SINGLETON BUSINESS IS A CASE IN POINT...THEY ARE GROTESQUE INDIVIDUALS WHO ARE SO SPOILT AND TREAT RACING LIKE SOME FACTORY FARM...BUT STRUT AROUND LIKE KINGS AND QUEENS...MOANING AND GROANING AND SUCKING UP THE MEDIA ATTENTION...IN AN INDUSTRY THAT IS ROTTEN TO THE CORE... AND THAT WATERHOUSE SON AND HIS CONNECTIONS TO CHANNEL NINE IS SICKENING...REMINDS ME OF A SNAKE OIL SALESMAN OFFERING UP SWEETS TO KIDS...HE'S A SCUMBAG HELPING TO ADDICT KIDS TO BETTING...BITTER SWEETS INDEED. AS FOR CHANNEL NINE...THAT IS ONE MORALLY BANKRUPT LIBERAL PARTY SUPPORTING CHANNEL...A BIGGER BUNCH OF ANDROID-LIKE SCUMBAGS WOULD BE HARD TO FIND... OH THAT'S RIGHT...CHANNEL TEN...THE SHOCK JOCKS...THE MURDOCH EMPIRE. DID ALL THESE PEOPLE ENJOY 'FAUST'? SICKOS! IF ANYONE BELIEVES ABBOTT WILL END THE CORRUPTION OF OUR YOUTH BY THESE GAMBLING GROUPS AND CORRUPT SPORT CHARACTERS AND THEIR MEDIA SPRUIKERS THEY ARE KIDDING THEMSELVES... IT'S LIKE GANG WARFARE...ONE GROUP GOING AFTER THE OTHER TO GET THEIR PATCH. ABBOTT'S ALL SMOKE AND MIRRORS...AND A PILE OF STEAMING DUNG IS FLUNG BY HIM ON A DAILY BASIS. N'

nasking

6/05/2013 BILKO, WHAT A BLOODY DISGRACE EH? AND A TRAGEDY UNFOLDING IN THE UK. I LIVED IN THE UK UNDER THATCHER AS A YOUNG MARRIED MAN WITH FEW QUALIFICATIONS AT THE TIME AND LITTLE MONEY. THEY HAD ME DENAILING TIMBERS...DELIVERING PAPERS...SERVING FOOD TO THE SNOTTY NOSED...THEY DON'T DEIGN TO TALK TO YOU...THEY TREAT YOU LIKE A SECOND CLASS CITIZEN...PUSH PAST YOU LIKE YER INVISIBLE... I REMEMBER THE DENAILING TIMBER COMPANY WAS RUN BY A TOFF AND HIS WIFE...THEY REFUSED TO PAY ME MY FULL WAGE FOR THE WEEK BECAUSE I MISSED ONE NAIL...IGNORING THE FACT THE METAL DETECTORS THEY GOT US TO USE WERE CHEAP AND FAULTY...WE WORKED IN THE BITTER COLD...LONG DAYS...NO LUNCH...A HORRID PUSHY OVERSEER... WHEN MY WIFE GOT UPSET ABOUT THE PAY AND WENT TO SEE THE BOSS AND COMPLAIN SHE WAS PUSHED DOWN THE STAIRS...FORTUNATELY NOT HURT...BUT AS I POUNDED ON THE DOOR I WAS TOLD THEY WERE FRIENDS OF THE LOCAL BIGWIG COP AND IF WE EVER WERE SEEN NEAR THAT PLACE AGAIN WE WOULD BE CHUCKED IN JAIL. THE JOB CENTRE PEOPLE JUST SHRUGGED...WE WERE TOLD TO GET ON WITH OUR LIVES...WE HAD NOONE TO REPRESENT US...WE WERE YOUNG AND SCARED AND POOR. THAT IS ONLY ONE OF NUMEROUS STORIES I HAVE TO TELL OF BAD TREATMENT BY SNOBBY EMPLOYERS UNDER A CONSERVATIVE THATCHER GOVT... CARE FACTOR NIL. N'

Ad astra reply

6/05/2013Folks Julia Gillard was simply brilliant tonight on Q&A. The questions were good, politely asked and comprehensively and professionally answered. This PM is brilliant, extremely well informed, and very impressive. It was one of the best Q&A sessions I have seen. Let's see what Tony Abbott can do on Q&A if he's got the guts to front.

Ad astra reply

6/05/2013GordonWA Thank you for your kind remarks. I'm glad you enjoyed the piece. You are right. Tony Abbott and Joe Hockey have repeatedly talked down the economy, yet when overseas talk it up, which to me says thay talk it down here for their own political advantage. It is reprehensible that they would so carelessly damage our economy to advance their own cause. That's the sort of people who want to run our economy and our nation!

nasking

6/05/2013 I AM IRATE ABOUT THE TREATMENT OF LIVE EXPORT ANIMALS IN EGYPT...AND FIND IT DISTURBING THAT WE HAVE THE VERY SAME MEDIA CHARACTERS POINTING FINGERS AT THE GOVT WHO BASICALLY BULLIED THEM INTO RESUMING LIVE EXPORTS... YES, THE GOVT SHOULD NOT HAVE KOWTOWED TO THE INDUSTRY AND MEDIA...NOT BENT UNDER PRESSURE... BUT I LOATHE OPPORTUNISTIC JOURNOS AND TALKING HEADS WHO DO SUDDEN U-TURNS IN ORDER TO DO A 'GOTYA' INTERVIEW... ONE OF THOSE JOURNOS IS CHRIS UHLMANN... THIS INCREDIBLY UNPRINCIPLED, OPPORTUNISTIC AND ARROGANT JOURNO SAT THERE TONIGHT LIKE AN ACCUSER FROM THE SPANISH INQUISITION JOYFULLY BASHING THE GOVERNMENT... YET THIS WAS HIM BULLYING THE PM OVER THE LIVE EXPORT BAN IN 2011...AND USING ABORIGINAL WORKERS TO PUT EMOTIONAL PRESSURE ON THE GOVT: Transcript of interview with Chris Uhlmann, The 7.30 Report WED 08 JUNE 2011 Prime Minister Subject(s): Indonesian live export suspension; Indigenous Australians HOST: Julia Gillard, welcome. PM: Thank you very much Chris. HOST: There are 82 Indigenous cattle stations across the north of Australia, there are 54 in the Northern Territory, there a 700 Indigenous employees, what’s going to happen to their jobs after today’s decision? PM: Chris we understood when we took this decision that it was going to have an impact on the industry, but we needed to make the right decision here. I’m sure Australians right round the nation were very shocked to see the footage on Four Corners, I met with industry representatives in Darwin last night and they were shocked. These are the people who raise cattle and they don’t want to see their animals treated like that, so we’re going to go through this process of suspending now so we can get assurance about where Australian cattle end up and how they are ultimately treated. Yes, that does create difficulties for industry including the Indigenous cattle stations you refer to, we understood that and we’ll keep working with industry during this process. HOST: But what does happen to their jobs, are you going to provide some sort of compensation? PM: Well Chris different places will have different alternatives, some are entirely reliant on live exports, some are not. We will work through and we will keep consulting with industry. I understood, the Cabinet understood, Minister Ludwig understood, when we took this decision that it was going to impact on industry but I think too, the industry that raises cattle in this country themselves were saying something needed to be done. The cattle growers I met with in Darwin last night have just been to a big meeting of people who raise cattle across the Northern Territory and the thing that come out of that was their concern about animal welfare, the animals that they raise. HOST: I guess the difference is that they want this industry to start again and the people who are pushing you, that’s the RSPCA, Animals Australia, and some of your own backbench want it to stop forever. PM: Well we’ve made a very clear decision, this is a suspension and trade will be resumed when we’ve got the supply chain assurance so we know where Australian animals are going and that they are going to be treated in a way that we would believe is appropriate. HOST: So it will be resumed? http://www.pm.gov.au/press-office/transcript-interview-chris-uhlmann-730-report-0 WHAT A DISGRACE. UHLMANN AND OTHER OPPORTUNISTIC JOURNOS AND COMMENTATORS MUST TAKE SOME RESPONSIBILITY FOR THE EXPORTS RESUMING. N'

nasking

6/05/2013 HERE IS A TWEET FROM CHRIS UHLMANN: Good intentions on live exports could be more bad news for indigenous Australians http://tinyurl.com/3oo9dmv 12:45pm - 10 Jun 11 APPLYING THE PRESSURE. THERE IS NO WAY THIS MAN SHOULD HAVE BEEN PERMITTED TO DO THE ANIMAL ABUSE STORY ON 7:30 TONITE... HIS BIAS AGAINST THIS GOVERNMENT KNOWS NO BOUNDS. N'

nasking

6/05/2013 FROM THE DRUM...CHRIS UHLMANN...JUNE 2011: [b]There is no excuse for the shocking animal cruelty in Indonesian abattoirs and the Government should play a role in ensuring that the live export trade is cleaned up. But just pulling the plug on it risks a catastrophic destruction of jobs and fragile regional economies. Contractors - road train drivers, helicopter pilots - were having their work terminated within hours of the suspension of the trade. Indigenous jobs - any jobs - in regional and remote communities are hard to come by. Their loss would also be a tragedy.[/b] http://www.abc.net.au/news/2011-06-10/indigenous-jobs-are-rare-their-loss-would-be/2753914 PRESSURE APPLIED. SO WHERE IS THE BLAME ON THE INDUSTRY? THE PREVIOUS GOVT THAT LET IT GO RAMPANT? N'

nasking

6/05/2013 PLENTY IN THE MSM ARE PLAYING A SICK AND TWISTED GAME. THEY PUT THE GOVT IN A 'LOSE LOSE' SITUATION. N'

paul walter

7/05/2013Once again, my misfortune to read a consolidated, explanatory broadsheet article that should have been in the Tele or Herald in place of Gerald Henderson or Janet Albrechtsen. Congrats Political sword, though.

nasking

7/05/2013 [b]Julia Gillard was simply brilliant tonight on Q&A. The questions were good, politely asked and comprehensively and professionally answered. This PM is brilliant, extremely well informed, and very impressive. It was one of the best Q&A sessions I have seen.[/b] AD, JUST WATCHED IT AND AGREE WHOLEHEARTEDLY. MY WIFE WAS TOLD BY TEACHERS IN THE PRIMARY SCHOOL ACROSS THE ROAD FROM HER HIGH SCHOOL THAT PM GILLARD WAS EXTREMELY WARM, ARTICULATE AND WELL-INFORMED WHEN SHE VISITED...THEY WERE IMPRESSED BY HER ABILITY TO RELATE TO STUDENTS, PARENTS AND STAFF...AND FOUND HER TO BE CONFIDENT WITHOUT DEMONSTRATING HUBRIS. FROM WHAT I SAW TONIGHT I'D HAVE TO AGREE WITH THEM. THIS LADY PM HAS BEEN UNDERESTIMATED...AND MISREPRESENTED BY TOO MANY IN THE MSM AND BY THE OPPOSITION. I'M PLEASED SHE WAS PROVIDED AND COURAGEOUSLY TOOK THE OPPORTUNITY TO EXPRESS HERSELF IN SUCH A USEFUL FORUM...THE YOUNG PEOPLE DEMONSTRATED THAT AUSTRALIA CAN PRODUCE EXCEPTIONAL INDIVIDUALS...AND THE PM CONSISTENTLY DISPLAYED RESPECT FOR THEM, THEIR QUESTIONS AND ABILITIES. ONE OF THE MOST MATURE AND FREE FLOWING FORUMS (apart from the odd disruptive tweet) I'VE SEEN ON TELEVISION...UP THERE WITH THE FORUM I SAW AT GOOGLE HEADQUARTERS WITH HILLARY CLINTON. WELL DONE PM! N'

jane

7/05/2013Ad astra, Liealot will do Q&A alright, but he'll have a tame Liars audience and tightly scripted questions vetted by Credlin.

lyn

7/05/2013Today’s Links Self-defeating austerity shocks by @macro_business we find that fiscal consolidation and debt reduction occur gradually amid improved growth (Cherif and Hasanov 2012).1 We also show that an austerity shock (such as a sharp contraction in government spending or an increase in taxes) in a weak economic environment may be self-defeating. http://www.macrobusiness.com.au/2013/05/self-defeating-austerity-shocks/ Austerity never works: Deficit hawks are amoral — and wrong By Robert Kuttner If the austerity-mongers prevail, we will be condemned to debtors’ prison. If we can understand and act on these challenges, we can surmount the current bout of deflation, restore broad prosperity and prevent recurring crisis. http://www.salon.com/2013/05/05/austerity_never_works_deficit_hawks_are_amoral_and_wrong/ Paul Krugman's call to arms against austerity by Phillip Inman, economics correspondent Krugman's solution – which upsets some liberal supporters – is straightforward. Asked if he is concerned a splurge of borrowing will trigger a repeat of the financial bubbles that caused the crash and spur inflation as too much money chases too few goods, http://www.guardian.co.uk/business/2013/may/06/paul-krugman-battle-against-austerity Hockey flags severe welfare and spending cuts by Phillip Coorey Plan to put Centrelink in post offices Mr Hockey signalled a significant overhaul of Centrelink, Medicare and other service delivery agencies, saying they deliver in payments about 10 per cent of GDP http://www.afr.com/p/national/hockey_raises_prospect_of_middle_k97QJUdU66Ux04f3Os9XMM 'The Demographic Challenge' - Address to the IPA by Joe HockeyAs you would expect, the IPA has an important role to play in highlighting the challenges and prosecuting the case for reform. As both a policy spine stiffener and as an advocate for free markets we welcome your engagement.Much work is to be done and the Coalition is ready for the challenge. http://www.joehockey.com/media/speeches/details.aspx?s=114 Fantasy budget: economist John Quiggin is treasurer for a day by @JohnQuiggin2 Crikey asked economist John Quiggin what he would do if he were Wayne Swan. Tax hikes on the rich and a lift in the GST to pay for improved services — and don’t panic about the deficit http://www.crikey.com.au/2013/05/06/fantasy-budget-economist-john-quiggin-is-treasurer-for-a-day/ Memo to the RBA: consider this before cutting rates by Glenn Dyer and Bernard Keane Does the economy need (another) cut? While we’re travelling at just under trend (GDP growing around 2.5%), inflation is low and unemployment low, though it may be edging up. But housing has yet to really respond to repeated RBA cuts, http://www.crikey.com.au/2013/05/06/memo-to-the-rba-consider-this-before-cutting-rates/ Only 137 more sleeps till Prime Minister Abbott! by @timdunlop a lightweight, puffball cypher like Tony Abbott, who demonstrably lacks popular appeal, and who has singularly failed to articulate a viable, positive justification for his claim to the prime ministership, is in hot contention for that very job is as good an indication as you could find of the power of those oligarchs http://www.kingstribune.com/index.php/weekly-email/item/1799-only-137-more-sleeps-till-prime-minister-abbott Time to get NBN active, GenY by Steve Jenkin I think Turnbull misjudged his audience, treating them like the usual Mainstream Media, and either underestimated Conroy or came unprepared (shown by retreating to personal abuse) and didn’t say anything new, nor clearly & succinctly answer the questions asked. http://australiansforhonestpolitics.wordpress.com/2013/05/06/time-to-get-nbn-active-geny/ “in among it with everyone else” by @Vic_Rollison There’s no doubt that many of us bloggers who write about politics, media and the nexus between are utterly fed up with the work produced by mainstream journalists. And the mainstream journalists are fed up with us. http://victoriarollison.com/2013/05/05/in-among-it-with-everyone-else/ Levies Are The Taxes We Like by @newmatilda Australians don't want more taxes, but we're happy to cough up when we know where the money's going. It's no surprise that the Disability Care levy has been popular, http://newmatilda.com/2013/05/06/levies-are-taxes-we Jacksonville 48: What a way to win a Walkley by @madwixxy After the vast majority of civil claims against Thomson by the Fair Work Commission, formerly FWA, were postponed in court, McClymont went on the attack on social media regarding an article published on Independent Australia, accusing us of claiming the case had been “thrown out”. http://www.independentaustralia.net/2013/business/media-2/kate-mcclymont-what-a-way-to-win-a-walkley/ When is a political victory not a political victory? by Mungo MacCallum it wasn't about reform at all; it was a devious piece of politics designed to wedge Tony Abbott, but Abbott was too smart and beat Gillard at her own game. So DisabilityCare will not be an election issue and Abbott, not Gillard, is the real winner. http://www.abc.net.au/unleashed/4671752.html Not looking the other way : investigative journalism by Alan Knight , @hongmedia McClymont said that threats of legal action had longer term implications for journalism “With the media industry in such dire financial straits this legal threat can prove too much for all http://alanknight.wordpress.com/2013/05/06/not-looking-the-other-way-investigative-journalism/ Governor General: What Kind of Job Is that by @AusVotes2013 Fast forward to the present day and recently a rumour emerged that Tony Abbott hopes to appoint one John Howard to the role of Governor General after the election. This rumour has been greeted with a fair degree of controversy. http://ausvotes2013.com/2013/05/06/governor-general-what-kind-of-job-is-that/ ABC takes newsreader Juanita Phillips off air due to concerns over Combet ‘conflict’ by @mumbrella A spokeswoman for the ABC confirmed the decision to Mumbrella: “As with any situation involving ABC editorial staff, we consider and manage conflicts on a common sense, case by case basis.” http://mumbrella.com.au/abc-pulls-newsreader-due-to-concerns-over-combet-conflict-153941 Coalition budget axe hangs over ABC and SBS by Stephen Conroy Mr Turnbull said: ‘Who’s to say, there may be cuts right across the board. If there is some broader austerity of some kind across the board, then all departments may have to bear some of the pain. http://www.minister.dbcde.gov.au/media/media_releases/2013/068 Will Tony Abbott’s paid parental leave see ‘wealthy women paid to have a baby’? By Women's Agenda Hawke has written a piece for the Institute of Public Affairs calling the Abbott scheme an "unjustifiable impost on business" and a policy that does not "pass the fair go test". http://www.womensagenda.com.au/talking-about/top-stories/will-tony-abbotts-paid-parental-leave-see-wealthy-women-paid-to-have-a-baby/201305062091 URGENT! Re MSM by @EmpoweringFem The MSM has pandered to Tony Abbott in the most disgraceful way. You would think that after all the hype in the UK, that Rupert Murdock would mind his P’s and Q’s here in Australia. By endorsing Abbott he in sending this country to HELL! He must really hate Australia then. http://eleana108.wordpress.com/2013/05/05/urgent-re-msm/ Guest post by Dr Sacha Blumen- Helen Razer and inner city left politics by @LarvatusProdeo Helen Razer wrote about how the ‘Left’ has lost itself with a focus on individualism and symbols. Maybe this can be seen in part in inner Sydney – in which there seems a greater focus on symbols, http://larvatusprodeo.net/archives/2013/05/guest-post-by-dr-sacha-blumen-helen-razer-and-inner-city-left-politics/ Robert Murdoch And The Down Fall Of His Empire by Whitney Grace The US may have downplayed the story, which has helped the company survive, but never doubt the power of an angry British public. Murdoch’s reputation has been soured. His next negative move could be fatal. http://arnoldit.com/wordpress/2013/05/06/robert-murdoch-and-the-down-fall-of-his-empire/ NBN: Can’t we all just get along? by @renailemay And as for the Earl of Wentworth, we need hardly remind him that describing a senior member of the Labor Party as a “grub” is hardly befitting his blue blood status. Turnbull has plenty of examples of old blood lordlings such as Francis Urquhart to draw from in dealing with such common, unlanded riffraff. http://delimiter.com.au/2013/05/06/nbn-cant-we-all-just-get-along/ Abbott will cancel NBN fibre: Conroy by @joshgnosis "Tony Abbott's plan is to leave 9 million Australian homes disconnected from Labor's NBN, and this is going to create a digital divide across suburbs, across cities, and across all of Australia," http://www.zdnet.com/au/abbott-will-cancel-nbn-fibre-conroy-7000014907/?s_cid=e551&ttag=e551 Today’s front Pages Australian Newspaper Front Pages for 7 May 2013 http://www.thepaperboy.com/australia/front-pages.cfm

nasking

7/05/2013 THE PROBLEM WITH THE LIKES OF VIRGINIA TRIOLI AND MICHAEL ROWLAND AND OTHERS IN THE ABC IS THE FACT THEIR PARTNERS ARE WORKING FOR PRIVATE MEDIA COMPANIES...THERE IS A CONFLICT OF INTEREST. FURTHERMORE, AS YOU COULD SEE BY THE FOND COMMENTS DESCRIBING JOHN SINGLETON THIS MORNING THAT WE HAVE AN INCESTIOUS SYSTEM WHERE SO MANY OF THE JOURNOS AND TALKING HEADS HAVE WORKED WITH EACH OTHER...SOCIALISE...HAVE INTIMATE RELATIONSHIPS. TRIOLI FOR INSTANCE WORKED AT PACKER'S THE BULLETIN. I THINK YOU KNOW WHAT LIBERAL POLITICIANS CAME OUT OF THERE. INTERESTING THAT SHE BECAME A BIG DEAL FROM 2001...YES, THAT YEAR AGAIN...AND IN THE NINETIES SHE STUDIED IN NEW YORK. ROWLAND WORKED THERE. THIS MORNING ABC 24 WAS PUSHING CLOSER RELATIONSHIPS BETWEEN PRIVATE INTERESTS AND PUBLIC EDUCATION, TO ASSIST INDIGINEOUS STUDENTS IN THIS INSTANCE. SCHOLARSHIPS WERE BROUGHT UP. GRADUALLY TAKING US DOWN THE ROAD TO THE AMERICAN SYSTEM EH? I HOPE THEY ARE BEING PAID WELL FOR SELLING US DOWN THE YANKEE CORPORATE DRAIN. SNEAKILY...INCREMENTALLY. N'

Ad astra

7/05/2013LYN'S DAILY LINKS updated: http://www.thepoliticalsword.com/page/LYNS-DAILY-LINKS.aspx

Bilko

7/05/2013Nasking You seem to have had it rough back in the UK hope things turned out better here in OZ. We escaped in 73 transferred with my company and even with the ups and downs have never regretted our choice. This country will follow the current UK slide if Abbort gets in and the population will only have themselves to blame if they do not wake up. To think a fossil in New York can do this and still sleep at night amazes me. Fellow Swordsters do not give up the fight.

Ad astra

7/05/2013Folks In addition to Lyn's Links related to 'austerity', there was this article this morning in [i]Business Spectator[/i]: [i][b]Austerity is dead, long live austerity[/i][/b] by Stephen Koukoulas. Here are the initial paragraphs: [i]"It had to happen and the message will spread. "Pierre Moscovici, Finance Minister in France, has put the kybosh on fiscal and economic austerity saying “we are witnessing the end of the dogma of austerity – austerity on its own impedes growth”. "Moscovici’s comments followed the European commission’s decision to extend the deadline by two years for France to meet its budget targets. The extension was granted because of ongoing economic weakness which was undermining government revenue and blowing out the budget deficit. "As obvious and logical as it is to ignore austerity when an economy is weak, it amazingly remains a matter for debate that fiscal austerity – that is spending cuts and tax hikes, even when an economy is in recession – has some merit. Unfortunately, in many countries there have been a range of absurd austerity measures in recent years as the fiscal zealots impose their wacky Austrian economic theories into the real world. It has meant that many countries are not only mired in recession but have fallen into depression. "It is a pity for the many millions made unemployed in Greece, Spain, Ireland, Spain, Portugal, the UK and elsewhere that it took so many years for the austerity theory to be shown up for the snake oil it is. "Now, thankfully, fiscal austerity is being abandoned for the sake of growth, jobs and societal wellbeing, including here in Australia in a less dramatic way with the government no longer pumping for a budget surplus in 2012-13 ‘come hell or high water’. "This is a refreshing policy development given the recent economic news. "In the eurozone, fiscal austerity has as its ugly face five straight quarters of falling GDP and a record high 12.1 per cent unemployment rate."[/i] Read more: http://www.businessspectator.com.au/article/2013/5/7/economy/austerity-dead-long-live-austerity#ixzz2SYLN1100

nasking

7/05/2013 BILKO, CHEERS...YES, I FOUND AUSTRALIA TO BE A SANCTUARY COMPARED TO THE UK... AFFORDABLE HIGHER EDUCATION (THO I WONDER IF THAT HASN'T BEEN PARTLY UNDERMINED DURING THE HOWARD/COSTELLO ERA AND THEIR OBSESSION WITH THE US STYLE SCHOLARSHIP SYSTEM)... DECENT PAY AND CONDITIONS (WELL, UNDER ALP GOVTS ANYWAY)... LESS OF A CLASS SYSTEM (WELL, AT LEAST THERE USED TO BE UNTIL THESE MEGA-RICH MONGRELS BECAME MORE PUSHY VIA THEIR MEDIA HOLDINGS AND RELATIONSHIPS)... A SENSE OF PURSUING THE 'FAIR-GO' AND AN OPTIMISTIC, SHINY OUTLOOK COMPARED TO THE OFT WHINING, WHINGEING, DEPRESSED ATTITUDE OVER THERE (THO, THAT SEEMED TO CHANGE WITH NEW LABOUR OVER THERE...AND IT SEEMS AUSSIES HAVE BECOME THE BIG WHINERS NOW THNX TO THE ABBOTT TEAM CONSTANTLY TALKING DOWN THE ECONOMY AND PUSHING NEGATIVE SLOGANS LIKE 'COST OF LIVING PRESSURES'...AIDED AND ABETTED BY A MEDIA THAT I BELIEVE IS AS SENSATIONALIST AND NEGATIVE AND HYPERBOLIC AS THE WORST OF UK TABLOIDS AND US CABLE NEWS AT TIMES)... A REFRESHING DOWN-TO-EARTH ATTITUDE (SADLY, THAT'S BEING REPLACED BY AN AMERICAN STYLE ME ME ME WANT WANT WANT STRESS STRESS STRESS ATTITUDE THE MORE THESE MOGULS AND CORPORATE DYNASTIES USE THEIR MEDIA TO PUSH ADVERTISING AND PRODUCTS AND SPOILT LIFESTYLES DOWN EVERYONE'S THROAT...NOT TO MENTION THE CORPORATISATION OF JUST ABOUT EVERYTHING INCLUDING THE PUBLIC BROADCASTER AND THE HORSERACING AND MOST SPORTS)... AND OF COURSE I LOVED THE WIDE OPEN SPACES COMPARED TO THE CRUSHING CLAUSTROPHOBIC FEEL YOU CAN GET IN THE UK (SADLY, THE PROPERTY DEVELOPERS AND MINERS IN THEIR MAD RUSH TO MAKE MONEY HAVE SPOILT SOME WONDERFUL AREAS SINCE I CAME BACK IN THE EIGHTIES)... YEP, STILL A GREAT COUNTRY...BUT LITTLE BY LITTLE I FEEL ITS POSITIVES AND UNIQUENESS SLIPPING AWAY UNDER THE CORPORATE ONSLAUGHT. I WATCHED THE SAME OCCUR TO CANADA IN THE SEVENTIES AND EARLY EIGHTIES...AND GET SUCH FEEDBACK FROM MY RELLIES THERE ON A WEEKLY BASIS. THE TAR SAND BUSINESS IS DISTURBING MANY OF THEM. ONE IN TORONTO SAID HER ACCESS TO BBC SHOWS ON CABLE NOW IS EXTREMELY LIMITED...MAINLY THAT TOP GEAR WE SHE DOES NOT LIKE. N'

nasking

7/05/2013 DON'T GET ME WRONG, IT'S NOT THAT I DON'T THINK ROWLAND AND TRIOLI ARE TALENTED...THEY ARE HIGHLY ARTICULATE, WITTY AND CAN CONDUCT USEFUL INTERVIEWS...CAN BE HIGHLY ENTERTAINING... BUT I BELIEVE THAT IF YOU ARE GOING TO WORK WITH THE PUBLIC BROADCASTER YOU SHOULD RESPECT AND BELIEVE IN THE 'PUBLIC SYSTEM'. WE HAVE ENUFF SPRUIKING OF PRIVATE AND CORPORATE INTERESTS BY WAY OF THE REST OF THE MEDIA. THE PUBLIC SYSTEM DESERVES 'DEFENDERS'....DESPERATELY NEEDS IT...PARTICULARLY AS IT HAS AIDED AND PROVIDED OPPORTUNITIES TO SO MANY WHILST THE PRIVATE SYSTEM LET SOOO MANY DOWN DURING THE GFC...AND BEYOND. N'

nasking

7/05/2013 I AGREE WITH Stephen Koukoulas THAT WE NEED ANOTHER RATE CUT. THERE IS FAR TOO MUCH DISTORTION BEING CREATED BY THE HIGH DOLLAR. N'

nasking

7/05/2013 A REMINDER OF A USEFUL MICHAEL TAYLOR POST: [quote]How prophetic was Margo Kingston (in The AIMN interview): “Fairfax, the ABC and even Crikey are too fucking timid to do anything to upset the powerful. It’s up to social media. And there are journalists in the traditional media who secretly admit that the new, independent media is the way of the future and we must join with them. We need to build a bridge between the new media and journalists who see the corruption within the mainstream media. We need to collaborate and work together. We can do this by luring traditional journalists into the new media and free them of their shackles. If we do this, one day we in the new media will look back and be grateful for the decisions we make today.”[/quote] http://www.independentaustralia.net/2013/politics/the-media-campaign-against-the-government-revealed/ INDEED. N'

TalkTurkey

7/05/2013 I don't know if you know the story of Gigolo the Clown (he wasn't a gigolo in the modern sense) ... I feel a bit of a Gigolo myself sometimes in case anyone was wondering, especially re matters ecological and humanitarian, but Bilko, check the picture that goes with this song, written weeks after the Great Crash of 1929. I do know that sometimes one wants to crawl into a cave ... What's more it doesn't need to be anything big ... We all have different personalities with different vulnerabilities ... Still as far as I can see there is absolutely no advantage in talking down a situation, any situation, last quarter in Aussie Rules and you're six goals down, HELL NO, (this is not to you directly anymore Bilko btw), WE WILL WIN, my team Norwood was in that position against Sturt in Norwood's centenary year 1978 and we got up to win by a point. So ... This song ... in Gigolophonic sound .. :-) http://www.youtube.com/watch?v=kJg0YkKXX9k Oh and NASKING YOU LOOK AFTER THEM EYES! Methinks you must be overworking them because you're overworking mine!

nasking

7/05/2013 THNX FOR YER CONCERN TT...SOMETIMES MY PASSIONS GET THE BEST OF ME. TOP SONG BTW. GOOD ONE. LYN, GREAT LINKING...WILL GO THRU THEM NOW. I'LL TAKE A BREAK. N'

Michael

7/05/2013This Joe Hockey bloke, the one who keeps going on about "entitlement", wasn't he the one last year who said getting by on a wage of around 250,000 dollars a year was tough? The one whose wife actually gets paid more than him, so raw mathematics leads us to a Hockey household income of half a million a year plus? Oh, that Joe Hockey, he'll take care of the rorters. Well, "care" in the sense of "kick" and "guts" in the same sentence. By the by, if he's been in a Centrelink office lately, and many of them are merged with Medicare these days, and if he's actually ducked into a Post Office in the late year or so, the idea of a Post Office providing Centrelink services is... well, Joe, in the time-honoured tradion, "how much IS a litre of milk? A loaf of bread?" Or maybe, how much effort might there actually be taking the time to think about what you say before you strike a pose for the 'spine-stiffeners' at the IPA. (recaptcha seems to be in an interrogatory mood, too, with "KingWho neu")

Bilko

7/05/2013Nasking and Tall Turkey I will not admit Labor will lose but just warn of the chaos if they do and one of these days I will solve this linking to my meagre posts. I notice the lieberal trolls are out in force on a number of the blogs I frequent. Must be a strategy to assist the murdochry drown out all opposing views. Being a SciFy fan myself may the force be with us all. One last comment this country does NOT deserve the media we presently have and I pray the Guardian become a beacon on a hill to guide us out of the darkness.

Miglo

7/05/2013Nas, read somewhere recently . . . In England the left-wing media don't like to upset Murdoch either. They know they are just as vulnerable to his destructive forces as are the politicians.

denese

7/05/2013ad astra i hope everyone that read here takes time to read the comments two of our children have businesses, i said straight out to them if abbott gets in you could go bankrupt it was an awful thing to say to them but they have to spread the news about the lnp with all the cuts they are talking about no one will spend, 79/83 the howard years,, very high inflation and then very high int rates of 17 percent, i cannot stress this more, so its a roll on effect people will stop spending folks look at the UK and Europe they all went down that tracl parts of Europe have 23 % i think its spain from memory 'unemployment outs is 5.5 or there abouts.nd other countries in Europe are doing badly as well, they chose the old trick of the trickle down effect cutting taxes for the poor and cutting payments like pensions exactly what hockey says he will do, so folks people will stop spending our gdp is the third best in the world we have a triple a a a rating don't be fooled by the stories that want you to think we are a poor country what load of rubbish u see some don't want us to have the nbn,, many big business will be obsolete while we the small person thrive with the nbn it will be stopped at your door or you will have to pay 5000 for the lnp version that's like giving you an inferior phone line, u would not stand for that would you that's not me sayng this read sen. conroy press release of yesterday check out MR DEnmore on twitter that will take you to the Kuok on his twitter. educate your self and all around u. before it too late, denese

denese

7/05/2013the above should of read cutting taxes for the rich and not the poor please add astra can you paste and copy that in plse

Patriciawa

7/05/2013Yes, Miglo, I should think everyone tiptoes around Murdoch; media, business and the politicians. I notice that this government, including the Independents, never directly engages with him or News, though we all know he is the arch enemy. Last night on Q&A our Prime Minister, magnificent as she was in answering so frankly about the difficulties a PM and government face all the time, did not once mention the biggest problem she has to deal with every day - the nastiness and negativity not of the LOTO, but of the media and Murdoch.

TalkTurkey

7/05/2013Dam, way things are right now, I haven't even had time to look at Lyn's Links, TPS itself is so busy. Too many to answer all. Just Nasking, at 9.25AM, I reckon it's like this, the MSM is a scared gutless lot, [i]mostly[/i] pretty dim, few with deep insights, indifferent in writing ability, insular in society and limited in urbanity and formal erudition. (All of which apply to TT too but that's another story.) Agreed? (Anyone feel free to argue &/or suggest exceptions!) The point is that there are many on the 5th Estate who write the pants off them. (Heh heh. The mind boggles.) They know it, and it scares the underpants off them as well. There they are with their arses hanging out all the time, getting predictions wrong, lying badly, writing trivia, missing important issues, using disgraceful imagery and outrageous headlines, there's Independent Australia by itself out-investigating and out-reporting the whole mess of them on the most important story of the decade to date, There's Ad and BB and Mr D and Miglo and Grog and Uncle Tom Cobbley and all on the 5th Estate kicking their hanging-out arses for insights and quality of commentary and variety of opinion and beauty of language And THAT'S WHY they huddle away from the 5th Estate because they're scared shirtless of us and they already lost their pants. Heh heh. Paul Bongiorno I have kind of courted, told him we think he's decent; he's pretty exceptional [i]most[/i] of the time imo. But I really can't think of one MSM person who openly reliably [i]consistently[/i] supports Labor, I'm open to suggestions though. Try to think of sort of like an MSM mirror to the politics of Pigsy Ackerman or that FunnelWeb in a Frock Female, Knicker Savvy or whatever her name. Anybody like that? ... Yeah Mark Latham, but he's on the outer with the MSM, BECAUSE he is considered OUTRAGEOUS, exactly BECAUSE he is [i]consistently Left[/i]. Isn't it. You can see they're scared of us, they constantly belittle and try to ignore us but we are forcing their nasty little mouths and mean little fingers. Fie on the MSM. They are Failed as far as informing the People, or worse, they're Lickspittles, Crooks, Liars, and Traitors to Australia's Society. We must now win on Ashbygate. I'm sure Dave Donovan of Independent Australia is working on it doggedly. Dogged Dave Donovan. He raised all the money (pledges) he needed to proceed legally I understand. This is big. Well done DD. The civil case Abborrrrtt A also known as PiG~THiNG v Ettridge J of One Nation notoriety goes before the beak on Thursday 9th. There will be MASSES of journos there giving the issue WALL~TO~WALL coverage you bet. Har Hrmpmh.

MWS

7/05/2013I missed this article on tax-exemptions for religions, but a tweet brought it to my attention: [quote]State governments are losing out on land tax and stamp duty. And the Federal Government is losing out on billions of dollars of income, company and capital gains tax on these organisations’ multi-billion dollar investment portfolios. [b]Some smaller religions take advantage of these exemptions by nominating all their members as ministers of religion which means that any income they may earn from their full-time jobs outside religion are also tax free.[/b] Australians hate hearing about welfare cheats or politicians with their snouts in the trough. Why does no one make a noise about the biggest rort in the country? The business operations of religions are also tax-free. This gives a religiously owned business an advantage over its competitors. One well-known example is Sanitarium, which pays no tax because it is owned by the Seventh Day Adventist Church, having an unfair advantage over Kelloggs, which must pay tax. There are many other examples - including religions that own mortgage brokers.[/quote] http://www.thepunch.com.au/articles/rich-men-in-the-tax-free-kingdom-of-god/desc/ It's time the tax rules in this country were cleaned up. Nobody should be able to avoid tax on all of their income (however earned) by claiming they are a minister of religion. Is this what (insert relevant deity here) would do?

TalkTurkey

7/05/2013denese, Read your sensible post, welcome if you haven't raised your voice here before, and as for the odd error, you don't have to be perfect here. Sincerity and goodwill is currency on Ad astra's TPS.

Ken

7/05/2013I think the AUD will stay high in the medium term. Even the Reserve Bank has admitted that the dollar is stubbornly high even though it has reduced the “cash rate”. Normally, when the rate goes down so does the dollar, but not in the present circumstances. I think part of the reason is that the official interest rates in the major economies are so low: USA 0.25%; UK 0.5%; Japan 0.1%; the Euro zone 0.5% and Canada 1%. That means it is theoretically possible to borrow money overseas, deposit it in Australia and make a profit. A simplified example to make the point. If I have a £100 sterling in the UK at the end of the year, at UK interest, I have £100.50. If, however, I convert that to $AU151 and get 3% in Australia, I have $AU155.53 which I convert back to £103, a profit of £2.50 over what I could get in the UK. For the average person, the difference is too small to worry about but international players dealing in tens and hundreds of millions, that becomes a significant profit in cash terms. Not surprising then that the AUD is attractive. Lowering our interest rates will not have a huge impact until the interest rates in other countries [u]rise[/u] or the AUD goes higher (which we don’t want). If our dollar goes lower, it may be more attractive while our interest rates remain so far above those in other developed countries. And the reason the high dollar affects company profits, and hence, Government revenue, is that so many export contracts are written in US dollars. Whether that remains viable in the long term will be interesting to see. The US economy remains the biggest in the world but will future transactions be conducted in Chinese yuan? The Government has recently done the deal with China to allow direct conversion of AUD to yuan. Interesting economic times ahead!!

Ad astra

7/05/2013denese Thank you for your comment. You are always welcome here. This blog engine does not allow me to edit comments, so I will leave your correction in place; I'm sure everyone will realize your meaning.

Ken

7/05/2013A post script to my last comment. The countries with better interest rates than Australia are the so-called "emerging economies": China, Brazil, Russia South Africa. High interest rates obviously help attract investment for their growth but also contain a "risk" element because none of them are as politically stable as Australia nor have a AAA rating.

Ad astra

7/05/2013paul walter Thank you for your kind remarks. I’m afraid that few in the MSM are prepared to write what is in this post. Ross Gittins, Peter Martin and Stephen Koukoulas are, but the ones you name never would.

Ad astra

7/05/2013TT As always, I have enjoyed reading your comments. You inspire us. Ken Thank you for your interesting take on the effects of the high AUD. What a dramatic change it would be if contracts were written in Yuan in the future!

Ad astra

7/05/2013Hi Lyn We have to go to Melbourne for a few days, so I'll catch up with your interesting links when I can.

Michael

7/05/2013Just in case you had any doubts as to Abbott's thinking on Australians generally, his focus on "higher calibre women" who've been university educated as the recipients of his Paid Parental Leave largesse in an interview shown on ABC 24 News at 11:20 today should erase them. Winners will be the big grinners in Abbott's Australia, or should that be phrased, already-advantaged grinners will always be the Coalition's winners? Institutionalised entitlement, that's the hallmark of Coalition policy. Grinning now, grin forever, and the rest of the country can go hang. "higher calibre women". Just think about that phrase, think about what it means on the lips of someone offering himself as this nation's leader. Think how the concept of 'higher calibre' might shape Coalition policy, and notice how easily that phrase was uttered by Abbott.

Tom of Melboune

7/05/2013Nasking – [i]” THE PROBLEM WITH THE LIKES OF VIRGINIA TRIOLI AND MICHAEL ROWLAND AND OTHERS IN THE ABC IS THE FACT THEIR PARTNERS ARE WORKING FOR PRIVATE MEDIA COMPANIES...THERE IS A CONFLICT OF INTEREST.[/i] Bizarre. A professional has a conflict of interest because their partner works for a different media group. Just to ensure you understand - [b] THAT IS STUPID NASKING[/b] ----------------- Meanwhile Stephen Koukoulas gets quoted as an economic oracle. He’s the dill who coached Gillard to say that “our debt is like having an income of $100,000 and a $10,000 mortgage”. This of course is untrue, even though it gets repeated by dull types.

Jason

7/05/2013Bizarre. A professional has a conflict of interest because their partner works for a different media group. I suppose this is also Bizarre! ABC takes newsreader Juanita Phillips off air due to concerns over Combet ‘conflict’ The ABC decided not to put Sydney newsreader Juanita Phillips to air on Friday over concerns about a conflict of interest with her reading a story involving her partner, cabinet minister Greg Combet. Mumbrella understands that as late as 4.30pm on Friday afternoon Phillips was slated to read the news bulletin however shortly before the broadcast, management chose to replace her with Scott Bevan. A spokeswoman for the ABC confirmed the decision to Mumbrella: “As with any situation involving ABC editorial staff, we consider and manage conflicts on a common sense, case by case basis.” http://mumbrella.com.au/abc-pulls-newsreader-due-to-concerns-over-combet-conflict-153941

Ad astra

7/05/2013Folks We are soon getting on the road for Melbourne, so I'm now closing down.

nasking

7/05/2013 TT WELL SAID. MIGLO, AT LEAST LABOUR UK HAS TOM WATSON AND A FEW OTHER BRAVE CHARACTERS STANDING UP TO MURDOCH. IT'S SAD HOW THEY KOWTOWED WHEN IN GOVT...BUT THE MAN HAD A LOT OF POWER...AND KNEW HOW TO THREATEN POLITICIANS...DASTARDLY GROUP USING POLICE, PHONE HACKING, THEIR PAPERS, SKY UK TO GET POLLIES TO BEND. JASON, INTERESTING INFO...THNX. N'

nasking

7/05/2013 [quote]One last comment this country does NOT deserve the media we presently have and I pray the Guardian become a beacon on a hill to guide us out of the darkness.[/quote] BILKO, ONE CAN ONLY HOPE. AND SUPPORT THEIR ENDEAVOURS AS WE HAVE THE FIFTH ESTATE THAT HAS LIT THE WAY...BEARING TORCHES AND CYBER-SWORDS...UNAFRAID. N'

TalkTurkey

7/05/2013State of the House of Reps as NDIS being debated. https://twitter.com/SpudBenBean/status/331613058789167106/photo/1

nasking

7/05/2013 [b]I think part of the reason is that the official interest rates in the major economies are so low: USA 0.25%; UK 0.5%; Japan 0.1%; the Euro zone 0.5% and Canada 1%. That means it is theoretically possible to borrow money overseas, deposit it in Australia and make a profit.[/b] INDEED KEN, WHICH IS WHY I THINK WE CAN AFFORD TO TAKE INTEREST RATES A LITTLE LOWER. CERTAINLY WE HAVE TO TAKE INTO ACCOUNT SAVERS...BUT WE DO NEED TO REDUCE THE BURDEN MORE ON SMALL BUSINESS...AND ENSURE THAT THE PRINCIPAL ON MORTGAGES IS BROUGHT DOWN CONSIDERING HOW DEEPLY MANY WENT INTO DEBT OVER THE PAST DECADE. IMAGINE IF THE COALITION GET INTO GOVT AND BEGIN A FORM OF AUSTERITY MEASURES...TONS OF PUBLIC SERVANTS OUT OF WORK...SO THE LESS MORTGAGE DEBT THEY HAVE THE LESS BURDEN DURING THAT SURVIVAL PERIOD MEANING THEY IN TURN WOULD BE FORCED TO CUT OUT LESS OF THE SERVICES AND PRODUCTS THEY PURCHASE...BEING ABLE TO REDUCE THEIR HOUSE PAYMENTS TO A MORE MANAGEABLE AMOUNT UNTIL THEY FOUND DECENTLY PAID WORK AGAIN. FURTHERMORE, IT'S LIKELY THE COALITION WOULD BRING IN A GST INCREASE...FURTHER EATING INTO WORKER'S AND LAID OFF WORKERS' PAY PACKETS...SO THE FASTER PEOPLE PAY OFF THEIR MORTGAGES NOW THE BETTER. CERTAINLY WE DON'T WANT TO LOWER RATES TOO MUCH MORE IN CASE IT AFFECTS THE DOLLAR AND WE GET A SUDDEN INFLATION SURGE COMPOUNDED BY INCREASING WAGE DEMANDS ETC...NOR DO WE WANT ANOTHER HOUSING BOOM AND MORE IRRATIONAL EXUBERANCE LEADING TO INFLATED HOUSE PRICES...PARTICULARLY IF LIBERALS PROMOTE PURCHASING BY NON-LOCALS, OVERSEAS INVESTMENT...AND BANKS EASE CREDIT CRITERIA. PROBLEM IS THE COALITION DON'T KNOW HOW TO SAY 'NO' TO BIG BUSINESS MOST OF THE TIME...AND IF YOU HAVE LNP AND LIBERAL GOVTS LINED UP FROM STATES TO FEDERAL YOU COULD SEE MORE IRRESPONSIBLE RAMPANT CAPITALISM STEMMING FROM OBSCENE TAX CUTS, DEREGULATION, LACK OF OVERSIGHT, ONE-STOP SHOPS TO CUT RED TAPE, REBATES...THE LIST GOES ON. IF THE GOVT WINS...THEN I EXPECT MONEY WILL GET TIGHTER FOR FAMILIES BUT SERVICES MORE ABUNDANT AND MORE USEFUL. THE SOONER WE GET A RATE CUT THE BETTER. WE'VE AIDED THE GLOBE ENUFF FOR NOW. N'

jane

7/05/2013Jason, do you reckon it will mean that any minute now, Uhlmann will be removed too? He's also married to an ALP pollie. Must be a conflict of interest there, surely. The ABC should be renamed Bizzarro world.

TalkTurkey

7/05/2013jane That is an astonishingly perfect point.

nasking

7/05/2013 GOOD: RBA cuts interest rates to record low http://www.smh.com.au/business/the-economy/rba-cuts-interest-rates-to-record-low-20130507-2j52m.html N'

nasking

7/05/2013 NAB passes on full rate cut to 6.13% standard variable rate By Larry Schlesinger Tuesday, 07 May 2013 National Australia Bank today announced it would cut its standard variable home loan rate by 0.25%p.a. to 6.13%p.a. It took just 15 minutes for the bank to announce its decision in comparison with previous decisions which have taken days. The new rate is effective from Monday 13 May. http://www.propertyobserver.com.au/mortgages/nab-passes-on-full-rate-cut GOOD. N'

MWS

7/05/2013Tony Abbott claimed today that it was "fair" to pay women their current salary while they are on maternity leave. However, the examples he gave of annual and sick leave are paid by the employer - while Abbott's PPL is paid by the taxpayer. I suggest the taxpayer should have a different definition of "fair", especially when they are paying the bill. What steps have been taken to stop the PPL being rorted, especially by family businesses, who could inflate a woman's salary prior to her taking maternity leave in order for her to receive more money from the taxpayer? A partnership of husband/wife would have an incentive to put all the income from the business in the wife's name before she takes maternity leave. Abbott's PPL will be funded by a 1.5% levy on big business - but apparently this levy will not be a "python squeeze" on the economy or cause Whyalla to be "wiped off the map." Abbott did want to give business a tax cut of 1.5%, so effectively, the Government will be receiving LESS tax than they do now, but will be paying for an excessive PPL scheme as well!

Jason

7/05/2013jane, I wouldn't hold your breath waiting for that to happen!

nasking

7/05/2013 Health Minister Tanya Plibersek said Mr Abbott's comments about "women of calibre" are an insight into "his lack of respect for low income workers, and women in particular". "Who exactly does Mr Abbott think are women of calibre? What does he think about women who are child care workers, nurses and community sector workers?" Said Ms Plibersek. "Are they of lower calibre than women who are law firm partners?" Read more: http://www.news.com.au/business/worklife/big-business-slams-abbotts-paid-parental-leave-scheme/story-e6frfm9r-1226636500339#ixzz2Sa51qpPL ABBOTT IS A JERK I WOULDN'T PUT HIM IN CHARGE OF A CANTEEN. N'

nasking

7/05/2013 MWS, I SEE ABBOTT'S PAID PARENTAL LEAVE SCHEME AS THE CREATION OF CITY MOTHER ELITES WHO GO SHOPPING AND HAVE DAYS OF BEAUTY WHILST ABBOTT'S NANNIES LOOK AFTER THEIR BABIES. THE REST OF THE POPULATION HAS TO PAY FOR THEM. TRUST ME, BUSINESS WILL PASS ON THE COST...AND SOME WILL USE IT AS AN EXCUSE TO INCREASE PRICES AND FEES FURTHER. THIS IS AUSTRALIA...NOT NEW YORK. INTERESTING THAT MURDOCH IS BASED IN NEW YORK. HMMM... N'

nasking

7/05/2013 PART OF THE REASON WE'RE BEING FAR MORE CAUTIOUS WITH SPENDING ARE THE THREATS BY LNP GOVTS TO CUT CUT CUT...AND THE SENSE IF TREASURER HOCKEY GETS IN HE'S GOING TO BRING IN AUSTERITY MEASURES. SEEING SMUG COSTELLO UP HERE IN QLD HASN'T HELPED. I LOOK AT HIM AND SEE GAWD KNOWS HOW MANY INTEREST RATE INCREASES IN A ROW. ABBOTT WAS BIG PART OF THAT GOVT. N'

nasking

7/05/2013 That should be: AND THE SENSE IF SHADOW TREASURER HOCKEY GETS IN HE'S GOING TO BRING IN AUSTERITY MEASURES.

nasking

7/05/2013 MORE EXTREME NEGATIVITY FROM JOE HOCKEY. TALKING DOWN THE ECONOMY YET AGAIN. I WOULDN'T PUT HIM IN CHARGE OF A SCHOOL BUDGET...LET ALONE THE AUSSIE ECONOMY. HOPELESS. N'

MWS

7/05/2013I've just been made aware (by Twitter, natch) of this new site: http://howfastisthenbn.com.au/ There are simulations of how fast the NBN is compared to the FTTN of the Coalition. It's well worth a look. Especially since many of us are currently getting internet speeds that are slower than the FTTN!

Ad astra

7/05/2013nasking Abbott's statement about 'women of calibre' reflects his demeaning attitude to lower paid workers, who by implication cannot be of the same calibre. That's class war!

Tom of Melbourne

7/05/2013Dunderheads mainly hang around here. Evidence- • No economic literacy – suggesting that debt for recurrent expenditure is like a household mortgage • Paternity leave – no sense that Abbott’s scheme is relatively modest in terms of that within many developed (and less developed) economies

MWS

7/05/2013A tweet from ‏@AshGhebranious [quote]Abbott's says he thinks women with money make better mothers same day Gina goes to court against her family. Coincidence? [/quote]

Jason

7/05/2013Famous Saying: Only two things are infinite, the Universe and ToM of Melbourne's stupidity - Albert Einstein

MWS

7/05/2013We are discussing "paid PARENTAL leave" not "paternity leave."

Tom of Melbourne

7/05/2013The Gillard scheme is incredibly mean and miserly by international standards. Look up the standards that apply in many of the countries that people on this site often refer to as social success stories.

Patriciawa

7/05/2013If only women of calibre were ever encouraged to give birth I wonder how many of us would be here now?

Tom of Melbourne

7/05/2013Who is saying "only"? Another dunderhead.

Catching up

7/05/2013It appears, according to the Coalition, government borrowing on the international market is crowding out Australian businesses that want to borrow. Yes, the global market, not the Australian.

Catching up

7/05/2013What the API is demanding, is that Abbott bring in small government. Nothing to do with the economy. it is all about ideology.

Catching up

7/05/2013Do not worry Patricia, there will be many woman of no calibre available to be nannies, to rear those babies, while the women of calibre get back to their lifestyle. Wonder if wet nurses will come back into fashion.

42 long

7/05/2013Abbott excels in Freudian slips. They accurately display the REAL Abbott. He really is much too "Scary" to have that job he wants. Australians have sinned, but not enough to deserve such horrendous punishment as suffering the indignity of having HIM as leader. Did he have the daily allowance claimed on this pollie pedal? FIT doesn't mean fit for office. We will learn the hard way that a nation should be more careful who it elects leader

Curi-Oz

7/05/2013Ms Phillips is the female partner of a politician. Mr Uhlmann is the male partner of a politician. He will not have a problem being 'even handed' or 'unbiased' towards the the government. Being a 'woman of calibre' obviously still means that one is a 'weaker vessal'. Sorry! Is my sarcastic hyperbole showing?

nasking

7/05/2013 I'M SICK AND TIRED OF HEARING THESE GRAZIERS BLEATING ON AND DEMANDING THE GOVT BUY THEIR STOCK WHEN THEY SHOULD HAVE SEEN WHAT WAS COMING CONSIDERING HOW MANY TIMES THE DRY OCCURS IN AUSTRALIA...OR THE BIG WET. IT ANNOYS ME TO SEE LOVELY ANIMALS TREATED AS A PRODUCT AND THESE SAME GRAZIERS DRIVING STATING THEY CARE ABOUT THE ANIMALS AND CAN'T AFFORD TO LOOK AFTER THEM...WELL AS FAR AS I'M CONCERNED IF YOU BRING AN ANIMAL INTO THE WORLD YOU LOOK AFTER IT EVEN IF THAT MEANS YOU SELL YOUR HOME, CARS, MACHINERY, GET A LOAN ETC. IF PEOPLE IN THE CITY CAN DIG REALLY DEEP TO HELP THEIR PETS AND PAY FOR THEIR WELFARE WHY CAN'T THESE GREEDY GRAZIERS? BUT THAT'S WHAT COMES WITH MAKING MONEY FROM ANIMALS. COMPASSION FOR THE ANIMAL GOES ONLY SO FAR...IN THE END THEY ARE JUST DOLLAR SIGNS. N'

Sir Ian Crisp

7/05/2013[quote][b]However, notwithstanding that plausible strategy, austerity has not been a spectacular success where it has been applied. Ad Astra [/b][/quote] If spending is the way out why did the bird of paradox remove the $300-plus family payments at a total cost of $1.84 billion? Is this a form of austerity forced on a government that can’t seem to manage its finances? Has the bird of paradox taken the ALP into self-parody territory? Is the bird of paradox aware that Paul Krugman warns against anti-austerity measures being applied by governments? The schadenfreude meter over at Lib-NP H/Q must be in the ‘high’ range.

nasking

7/05/2013 [b]Paternity leave – no sense that Abbott’s scheme is relatively modest in terms of that within many developed (and less developed) economies [/b] TOM, WE LIVE IN A COUNTRY THAT HAS WOMEN IN THEIR FORTIES WHO HAVE NOT SEEN A RECESSION IN THEIR LIFETIME...YOU CANNOT BELIEVE HOW MANY YOUNG TO MIDDLE AGE WOMEN I'VE MET WHO HAVE NO IDEA WHAT IT IS LIKE TO SACRIFICE AND SCRAPE PENNIES TOGETHER...THEY JUST RIP THE CREDIT CARD OUT IF THEY HAVE PROBLEMS. YOU PROVIDE THESE WOMEN WITH MORE INCENTIVES TO HAVE BABIES AND I CAN TELL YOU STRAIGHT OUT THAT FEW WILL SPEND LOTS OF TIME WITH THEIR BABY DOING THE RIGHT THING...YOU ONLY HAVE TO GO ON FACEBOOK AND SEE THE HIGHLY IRRESPONSIBLE SPENDING. THEY HAVE NO IDEA WHAT'S COMING. WHEN THIS CHINA SO CALLED 'MIRACLE' ENDS THE WAVES WILL BE FEROCIOUS IF WE DON'T NOW TEACH PEOPLE TO LIVE WITHIN THEIR MEANS...THE IDEA THAT WE WANT TO INCREASE THESE MOTHERS' ADDICTION TO BUYING USELESS PRODUCTS THAT GET THROWN OUT OR PUT UP ON EBAY WITHIN A FEW MONTHS TO A YEAR RATHER THAN USING THAT MONEY TO CREATE AFFORDABLE SERVICES THAT CAN ASSIST CHILDREN TO REMAIN HEALTHY, BE EDUCATED APPROPRIATELY, EAT NUTRITIONAL FOOD, BE VACCINATED, GET THEIR TEETH EXAMINED, TRAINED AND SO ON IS THE HEIGHT OF IRRESPONSIBILITY. N'

nasking

7/05/2013 FURTHERMORE, IT'S NOT GOOD ENUFF BRINGING ANIMALS INTO THE WORLD THEN SENDING THEM OFF TO SLAUGHTER WITHOUT SEEING THE CONSEQUENCES OF YER DECISION. AS FAR AS I'M CONCERNED IF YOU WANT TO EAT MEAT THEN GROW IT IN A VAT. THE WAY THESE POOR ANIMALS ARE UNCEREMONIOUSLY EXECUTED IS QUITE SICKENING. SURELY OUR CIVILISATIONS HAVE EVOLVED ENUFF TO GET AWAY FROM THIS KIND OF BARBARISM. I KNOW IT WON'T MAKE ME POPULAR SAYING THIS...BUT I DON'T GIVE A DAMN. THE CRUELTY IS BEYOND IMAGINATION. WE LINE UP BILLIONS OF THEM EVERY YEAR TO BE SLAUGHTERED LIKE THE POOR JEWS DURING THE HOLOCAUST OR THE MASSACRE IN RWANDA AND PEOPLE JUST TURN AWAY AND POCKET THE MONEY. AND SO MANY USE THEIR RELIGION OR CONFORM TO THIS DOMINANT IDEOLOGICAL LUST FOR MEAT TO JUSTIFY THESE EXTREME ACTS OF SAVAGERY. N'

Tom of Melbourne

7/05/2013Shorter Nasking – “mothers can’t be trusted with money”

nasking

7/05/2013 TOM, YOU REFER TO OTHER COUNTRIES THAT HAVE BETTER SCHEMES...I BET THOSE COUNTRIES GOVTS HAVE A LOT CLOSER RELATIONSHIP WITH THOSE PARENTS AND HAVE CONSTRUCTED SYSTEMS THAT PROVIDE THE ESSENTIAL SERVICES I MENTIONED ABOVE...AND PROMOTE CERTAIN RESPONSIBLE CARING BEHAVIOURS AND VALUES FROM WHEN THOSE PARENTS ARE IN SCHOOL THEMSELVES. N'

Catching up

7/05/2013Let look at what Abbott is saying in another way. We cannot afford Gonski. Nothing wrong with the present funding. We cannot afford NDIS. Good programme but not at this time. We cannot afford NBNCo. Will replace with inferior model, which will be more expensive in the long run. Cannot afford CEF. We can afford Direct Action. Inefficient and much more expensive. We can afford PPL. Well that is what Mr. Abbott says. This in spite of Labor bringing in a scheme that is up and running. Is affordable. Is more equitable. Yes, it is a matter of making choices. Do we really want PPL. PS. The mining industry cannot afford MRRT. Even though, now that there are no longer much super profits, cost them little. Same goes for the price on carbon emission. Has led to very few price rises. Much cheaper than the inefficient Direct Action. It is not about whether we can afford or not. It is about what we choose to spend the money on. Do we invest in our nation for the future. Do we spend nothing, and miss out in being among the winners in the Asian Century. Can we afford to pay a little more for the essentials that this country needs to go forward. If deficits are so terrible, can we pay a little more in taxes to bring us into a surplus. I say, if we make the right choices, we can. Yes, we are clever enough to invest in our country for future wealth. Maybe Hockey and Abbott are right. Austerity is the way to go. The question I ask, when did it become set in stone, that taxes can never be raised. Could it be, there are times they go down, times for them to rise. We have had decades of them going down. Nowe maybe we have to give a little back.

Catching up

7/05/2013Well Abbott believe mothers cannot be trusted with money. That was his biggest gripe about the school kid grant, that was given to mothers to use when they go out to but those school supplies. OK to have it as a tax rebate over twelve months down the track. Why does one need receipts, when one will spend much more. Try sending your kid to school without spending the money. I can still remember each new school year. Getting that money together, after Christmas, annual holidays was hell on earth. Nine times out of ten , I had to borrow it.

Catching up

7/05/2013By the way, that is another one that is going under Abbott.

nasking

7/05/2013 JUST HEARD A NEWS LTD INDIVIDUAL STATE THE MUSLIMS WILL GO WITHOUT PROTEIN IF WE DON'T SEND LIVE CATTLE. HOW IGNORANT CAN A COMMENT GET. CHICK PEAS OTHER LEGUMES, PULSES...HEALTHY FORMS OF PROTEIN THEY'VE EATEN FOR YONKS. NOT ONE OUNCE OF EMPATHY FOR THE ANIMALS FROM THIS PUNCH CHARACTER. JUST CONTINUE THE BLOOD BATH. SHOW ME THE MONEY!!! MURDOCH KNOWS HOW TO PICK 'EM. N'

Jason

7/05/2013Emma Alberici‏@albericie1h Sen Brandis tells @Lateline only media defenders of freedom of speech in Oz are Andrew Bolt & Janet Albrechtsen #Lateline ping @jonaholmesMW

nasking

7/05/2013 FREEDOM OF SPEECH EH? HOW MUCH FREEDOM OF SPEECH WENT ON IN THOSE CATHOLIC SCHOOLS AND CHURCHES? PLENTY OF VICTIMS AND WITNESSES GAGGED FROM WHAT I REMEMBER. N'

nasking

7/05/2013 BTW, LOOKING AT MEAT CONSUMPTION FROM ANOTHER PERSPECTIVE...CONSIDERING WE HAVE A POPULATION OF OVER SEVEN (7) BILLION AND GROWING THNX TO BABY BONUSES AND SUCH... AND WE HAVE THE MEAT AND LIVESTOCK INDUSTRY AND FAST FOOD INDUSTRY TRYING TO CONVERT EVERY PERSON INTO A CONSUMER OF THEIR PRODUCTS... HOW MUCH ROOM IS IT GOING TO TAKE TO ACCOMODATE ALL THOSE CATTLE, PIGS, SHEEP, CHOOKS ETC? AND HOW MUCH FEED AND WATER WILL NEED TO BE PROVIDED? AND HOW MUCH DAMAGE WILL THIS DO TO THE CLIMATE AND ENVIRONMENT? AND HOW MUCH WILL IT COST TO REMEDY THE LONG-TERM PROBLEMS? AND IF PEOPLE ARE GOING TO TURN AWAY AND PERMIT THERE TO BE MASS FEEDLOTS...ARE THEY THEN GOING TO BE EXPECTED TO BAILOUT THESE HUGE COMPANIES AND GRAZIERS EACH TIME THEY GO RAMPANT AND THE CLIMATE CREATES A SHORTAGE OF FEED AND/OR ANIMALS DYING FROM HEATWAVES, FLOODING ETC? IS THIS NOT SIMILAR TO THE 'BANKS TOO BIG TO FAIL' PHENOMENA? ANOTHER FORM OF CORPORATE SOCIALISM? AND HOW CAN THESE SO CALLED LIBERALS SIT THERE AND CRITICISE THE GOVT AND TREASURY FOR GETTING THEIR REVENUE PREDICTIONS WRONG YET SIT THERE QUIETLY WHEN GRAZIERS, FARMERS GET IT WRONG? SURELY ANY SANE PERSON WOULD BE ABLE TO PREDICT THAT CLIMATE EXTREMES AND LACK OF REGULATION IN THE LIVE EXPORT INDUSTRY WOULD CREATE EMERGENCY SITUATIONS IF GRAZIERS WENT OVERBOARD WITH PRODUCING CATTLE? NOW, THAT IS WASTEFUL SPENDING IF YOU ASK ME...BAILING OUT IRRESPONSIBLE INDUSTRIES. AND IF THERE HAS TO BE THAT MUCH REGULATION TO ENSURE THE HUMANE TREATMENT OF ANIMALS THEN DOESN'T IT MAKE SENSE WE HAVE APPROPRIATE REGULATION OF ALL INDUSTRIES SO HUMANS ARE ALSO TREATED APPROPRIATELY...? THAT INCLUDES THE GARMENT AND TEXTILES INDUSTRY...THE SEX INDUSTRY...THE SPORTS AND GAMBLING INDUSTRIES...THE FAST FOOD AND BIG PHARMA INDUSTRIES...THE MODELLING AND FASHION INDUSTRY...THE MEDIA...THE FINANCIAL INDUSTRY...THE CONSTRUCTION INDUSTRY...THE LIST GOES ON. ALL CAN BE DETRIMENTAL TO HEALTH AND WELL-BEING OF INDIVIDUALS AND THE MASSES IF NOT REGULATED APPROPRIATELY. THAT TAKES MONEY. AND GOVT REVENUE. MEANING TAXES. IT ALSO CREATES INSPECTOR ETC JOBS. EVEN IF IT PUTS A BIT MORE BURDEN ON INDUSTRY. N'

nasking

8/05/2013 SPOT ON POLLY...FROM THE UK: Polly Toynbee The Guardian, Tuesday 7 May 2013 ‘Labour should not promise anything more than a long hard road ahead: people won't suddenly see wages rise or cuts restored.' [b]The great bubble of Ukip votes clouds everything. In the miasma of hysteria, let's not get carried away by Nigel Farage's crow that "the establishment has been shocked and stunned". Whose establishment? The right has been split apart and the Conservative party is at war: David Davis declares class war on the Etonians while Cameron slides right to appease the unappeasable. A dangerous dogs bill in the Queen's speech looks like a symbol for controlling his own pit bulls. Meanwhile, an ever wider prairie is vacated for Labour to occupy.[/b] Labour's success was downplayed. If last week had been a general election, the party would have won a majority of 12. Bookies bank on a Labour victory. Labour's hard graft in target seats paid off handsomely. Blair-era carpers tweet sourly all day long that if Labour can't win in southern Tory-held swing seats, it can never be One Nation. But look at the geography of the results, and a congratulatory slug of Southern Comfort is in order. Strong gains came in Amber Valley, Cambridge, Crawley, Cannock, Dover, Hastings, Ipswich, Stevenage and other targets, winning directly from Tories. Old-fashioned footwork matters. Ask why the Lib Dems will probably hold many seats, and they'll say current anti-politics jaundice is only dispelled by voter face-time locally with their MP or candidate and platoons of activists. But yes, Labour has a way to go. To win by a whisker because a bigger rightwing vote was split and crushed by first-past-the-post would make governing near impossible. Labour has to secure intellectual and emotional hegemony, planting its flag unequivocally for jobs, growth and fairer shares. Too many Labour spokespeople are frozen into cautious timidity, afraid to talk like ordinary people expressing what they feel and believe with enough fervour. Ed Balls does a boisterous ya-boo but without the language of mission and purpose. Many sound like civil servants reading from a brief, afraid to put a foot wrong. Most lack neither passion nor indignation, but something frightens them from using language with colour, metaphor and conviction. True, every interview is a potential death trap, as Ed Miliband found. They need rock-solid answers on the economy – not a budget, not figures yet – but the Eds need to frame the rules they will abide by, describing now the shape of an iron fiscal envelope on current spending. Labour is still blamed for the global collapse, but boldness not caution is the only escape. Never be caught again prevaricating on the B-word: don't be afraid to say they will borrow to invest. Don't duck it; boast about it: only self-confidence will convince. Gather those economists not of the left, the Martin Wolf and Samuel Brittan school who call for stimulus and borrowing. Argue the case for it with homely analogies. Did any new business get off the ground without borrowing to invest? Did any family acquire property without borrowing for a mortgage, paid back over years? No one regards mortgage debt of three times their income as imprudent if there is a plan to repay. But Osborne's debt soars, wasted on unemployment and housing benefit for landlords. Labour's costed promise of jobs for the unemployed, alongside house-building is the only alternative to a shrinking, dwindling state. The state as growth-stimulator is a strong theme as the Royal Mail is sold off against the public's wishes, leaving the taxpayer to foot the pension bill. Don't let it be asset stripped. Don't let it go the way of the energy firms, with uncontrolled higher prices. Selling off RBS for less than purchase price cheats the taxpayer, when a state-run bank should be lending for investment. Why rush to sell off the state-owned East Coast line when it makes a profit? Let other rail contracts fall back to the taxpayer to keep prices down. Look at how the state-run NHS fosters our thriving pharmaceutical industry. Look how state-backed arts, broadcasting and design foster industries worth multiples of its grants. Be positive about what government can do. But don't promise more than a long hard road ahead: people won't suddenly see wages rise or cuts restored. The promise is a country self-confidently investing in itself, not divesting itself of everything. Contrast that with the dismal offerings in the Queen's speech and all the state-shrinking and scapegoating that grips the Tory-Ukip realm. Go for the jugular of this miserablist, mean-spirited government. The only way Labour can shrug off the wicked issues – immigration, welfare and Europe – is with frank common sense. Without patronising Ukip voters, appeal to what people know: foreigners, benefit claimants and Europe are not to blame for the economic plight we're in – and everyone knows it really. Of course we must control our borders and make sure only those entitled get benefits – but the bedroom tax and cuts for the severely disabled are plain wrong. Leaving the EU? That only multiplies our problems. Don't be deceived by diversions and crude excuses for the drastic fall in living standards people feel. The banks caused this, the well-off are almost untouched, while hardship falls on the great majority of basic-rate taxpayers, Labour's people. Voters may like rum characters who pretend not to be politicians, but laugh out loud at the ludicrous idea that those opportunists, Farage and Boris, are anti-establishment. What people look for is authenticity. They trust those who sound as if they mean what they say – and have the competence to deliver it. As Roy Hattersley wrote so well on Monday, "listening to the people" is no answer; leadership gains respect. The challenge is less the dark issues themselves but how robustly Labour dares confront them. Dither and duck and all is lost. http://www.guardian.co.uk/commentisfree/2013/may/07/labour-ukip-passion-politics INDEED. N'

Catching up

8/05/2013I thought for years it has been the intention of Indonesia to become self sufficient in animal protein. That is grow there own cattle. This has nothing to do with the PM stopping live cattle exports for a short period of time. The cattlemen, as part of exporting cattle, have the responsibility to ensure they are not abused. Growers even pay for this not to occur. The PM cannot be blamed for the fact, they did not protect their own industry.

nasking

8/05/2013 MEMORIES OF PASSION...LOST: Elsewhere, other leaders were crumbling: Harold Macmillan (Britain), Konrad Adenauer (West Germany), David Ben-Gurion (Israel) were all brought down by scandals of one sort or another, usually involving sex and/or state security. Nothing much has changed on this front. Despite the spirit of 1945, Britain remained a sharply divided class society where deference to one's "superiors" dominated the political culture. The new Labour leader, Harold Wilson, turned out to be an excellent leader of the opposition, challenging, mocking and puncturing Tory pretensions on every front. It was film-makers, dramatists and satirists, however, who were leading the race towards modernity. Television, a relatively new medium, was often watched collectively since not every home possessed one. In the US, a Harvard maths professor, Tom Lehrer, was entertaining the liberal middle classes with his mocking songs (he stopped singing when Kissinger was awarded the Nobel peace prize because "satire was no longer possible"). He was flanked by Lenny Bruce, one of the most brilliant and savage standup comics ever seen on stage: his deliriously incoherent stream of consciousness was considered subversive and he was arrested for "obscenity" in San Francisco and permanently denied entry to Britain after a successful gig at Peter Cook's Establishment Club in 1962. Peter Sellers on the set of Dr Strangelove. Photograph: Cat's Collection/Corbis In Britain, Private Eye had come into existence and the BBC (not then completely neutered) was screening That Was the Week that Was (TW3), watched by 10 million viewers a week, with David Frost and Willie Rushton performing and Dennis Potter, Peter Cook, Richard Ingrams, John Cleese etc helping to write the gags. It was at the Scala on Walton Street in Oxford (and later the Academy in Oxford Street, and the Hampstead Everyman) where one could see the latest in European cinema. My first experience was educative. After a showing of Andrzej Wajda's Ashes and Diamonds at the Scala, they played God Save the Queen. Thoughtlessly, I stood up, as I used to in Lahore when the national anthem was played, only to be greeted with a uniform chant from the row behind: "Sit down, you fascist!" The mistake was never repeated. The French new wave was a revelation. Jean-Luc Godard's films alone hit one like bullets, their charge not unlike reading a Stendhal novel – Le Mépris, Bande à part, Une Femme Mariée, Pierrot le Fou, Deux ou Trois Choses, La Chinoise, Weekend dominated the decade. Not that the British film industry was dead. Far from it. The Joseph Losey/Harold Pinter partnership gave us The Servant, a powerful depiction of class and sexual repression (homosexuality was not legalised till 1967) with startling camera shots that make the film a classic. John Schlesinger's Billy Liar, Tony Richardson's Tom Jones and Lindsay Anderson's This Sporting Life were all precursors of what lay ahead. The first play I saw in this country was Joan Littlewood's Oh What a Lovely War, a moving homage to music hall culture and Brecht, "whose work we knew well from the 30s", she explained. It was a savage deconstruction of the first world war and should be performed again next year as an alternative to the centenary fare we are likely to be fed. The Royal Court was the liveliest theatre in London, combining Beckett and Ionescu and commissioning new plays non-stop. Pinter's The Caretaker premiered that year and Peter Brook, a huge fan of Littlewood, was immersed in work that would challenge every theatrical convention. The culture reflected a growing self-confidence in the decades following the second world war. Some of my university friends were in revolt against everything: professors, examinations, institutions, and life itself. They pursued the world, seeking it out only to reject it out of hand. They too would soon come into their own. What I was not prepared for in 1963 was the food. It was awful, apart from the breakfast. After my first week I ventured into the local Indian, imaginatively named the Taj Mahal. Dreadful. I summoned the manager and asked why food we wouldn't give stray dogs at home was being served here. He got upset and took me to his office. "Have you just arrived? Then please don't come here again. There is a Punjabi lady who cooks proper food every weekend in north Oxford. You can order it in advance." My English friends were amazed. "So this is what it's really like." It saved me in the short-term, but I had to teach myself to cook, which I did, and have never regretted. There was nothing to suggest that 30 years later this country would become known for its restaurants and good food. Miracles do happen. And a footnote. In 1965, a year after the election of a Labour government that went back on many of its promises, Michael Foot shouted at us in despair as we denounced his leader, Wilson, for "crawling to the Pentagon". "You idiots," he screamed. "Don't you realise that Wilson is the most leftwing prime minister this country is ever going to have?" Our satirical laughter enraged him. We're not laughing now. Fifty years later, globalisation has provincialised European politics and culture. Britain has no film industry left. Even Ken Loach gets most of his money from Europe, which itself is largely reduced to mimicking Hollywood thrillers and action flicks, its proud cinema effectively dead; its literary gaze firmly fixed on the NYT bestsellers list, its writers obsessed with being translated into American-English; its politics repeating the tweedledum-tweedledee rhythms pioneered in DC. The most interesting films are being made by Iranian, South Korean, Taiwanese and Thai film-makers, the most challenging politics are in South America, the centre of the world market has moved eastwards to China. Not to worry. North America and Europe still dominate the arms industry. With drones dominating politics and culture, why shouldn't they be arms-market bestsellers as well? http://www.guardian.co.uk/society/2013/may/07/1963-beginning-of-modern-era [b]PASSION AND IMAGINATION PEEPS...PASSION AND IMAGINATION...UNLEASHED. WINDS OF CHANGE. CLEAR OFF THE DUST AND COBWEBS.[/b] N'

TalkTurkey

8/05/2013Michael Taylor (Miglo, of Café Whispers) offers this telling comparison of styles of PM v LOTO. http://theaimn.com/2013/05/07/julia-gillard-and-tony-abbott-head-to-head/

lyn

8/05/2013Today’s Links Joe Hockey, Welfare to Work and a pack of damn lies by @MigloMT ‘Keep your hands of the poor, Mr Hockey’ (in response to yesterday’s speech to the IPA where welfare cuts were flagged), I dug into my archives and came across this recent post exposing Joe Hockey’s contempt for the country’s disadvantaged. http://theaimn.com/2013/05/07/joe-hockey-welfare-to-work-and-a-pack-of-damn-lies/ Fiscal dissonance by @fakeedbutler But there is absolutely no question that Abbott’s plans are entirely illiberal and unconservative. And there is absolutely no way to rationalise these plans with Hockey’s vision of an Australian government that declares an end to the age of entitlement. http://ausvotes2013.com/2013/05/07/budgetary-dissonance/ When conditions change, the RBA changes policy by @MattCowgill The cash rate is now lower than it was during the GFC, but that doesn’t mean that the RBA thinks we’re facing a deeper crisis in 2013 than the one that loomed in 2008. It just means the circumstances have changed. The neutral monetary policy setting is now lower than it was then http://mattcowgill.wordpress.com/2013/05/07/when-conditions-change-the-rba-changes-policy/ Economic comparisons are useless without context by @albericie longest-serving treasurer to set up the Future Fund which finally allocated money to the previously unfunded superannuation entitlements of public servants. For the Coalition to claim that Labor has been "spending like a drunken sailor" doesn't tell the full story. http://www.abc.net.au/news/2013-05-07/alberici-economic-comparisons/4672166 RBA drops cash rate to 2.75% (or How do you like those record lows-) by @GrogsGamut reflects more the market being taken by surprise. We shall have to wait to see if this drop in the cash rate finally gets the dollar heading down, or if the RBA needs to do more to let the market know it is serious about lowering the dollar http://grogsgamut.blogspot.com.au/ Decarbonising Australia by @JohnQuiggin2 http://johnquiggin.com/ Abbott’s budget reply more important than Labor’s Swan song: Koukoulas by @TheKouk It is to be hoped that in this year’s budget reply speech, Abbott adds some substance to the economic plans of the Liberal Party and some hard facts on the budget bottom line and how the economy will be shaped. It matters for growth, jobs and ongoing prosperity. It deserves close scrutiny. http://www.startupsmart.com.au/government-and-regulation/abbotts-budget-reply-more-important-than-labors-swan-song-koukoulas.html Earn $210,000- You're in the top 1 per cent by @1petermartin An income of $210,100 per year makes you ultra-rich, an income of $688,700 makes you uber-rich. http://www.petermartin.com.au/2013/05/earn-210000-youre-in-top-1-per-cent.html Shadows on the Press Gallery wall 2- Where the action isn't By @awelder told us much about Rudd as an individual, and about how the ALP works both with and against such an individual. What they also show, however unwittingly, is the near-redundancy of the full-time press gallery and relying solely upon it for news about politics and government http://andrewelder.blogspot.com.au/ How bad is the Gillard Government really? by Letitia McQuade @independentaus what is it that drives the media’s relentless character assassination of Julia Gillard, and why does the press gallery so consistently fail to scrutinise the policies and rhetoric of the Opposition? http://www.independentaustralia.net/2013/politics/how-bad-is-the-gillard-government-really/ The puzzle at the heart of allegations of ABC bias by @btckr I came across Scott’s comments when searching for some thoughts he might have expressed on whether or not Australia’s publicly funded national broadcaster should be broken up and sold off — as the Institute of Public Affairs (IPA) has recommended http://truthinmediaresourcecentre.wordpress.com/2013/05/07/the-puzzle-at-the-heart-of-allegations-of-abc-bias/ Julia Gillard and Tony Abbott: Head to Head by @MigloMT Apart from the obvious differences such as Julia Gillard being a lady and Tony Abbott being a mere male, how do they otherwise compare? http://theaimn.com/2013/05/07/julia-gillard-and-tony-abbott-head-to-head/ Trivia special: 43 Parliaments, 71 Knights by @davispg Up to and including the 43rd Parliament 1,088 people have been members of the House of Representatives. Australia’s first Federal parliament had 75 seats and there are now 150. With around 4 million people in 1901 compared to around 23 million now http://ausvotes2013.com/2013/05/06/trivia-special-43-parliaments-71-knights/ Shorter Tony Abbott- I lost the RU486 vote on the floor of the House - so I'll privately threaten by @no_filter_Yamba It was one of the most intensely personal debates Parliament has seen, involving a unique push from a group of women across four parties to allow the abortion drug RU486 into Australia. In a rare conscience vote, the Health Minister, Tony Abbott, lost his veto over the drug http://northcoastvoices.blogspot.com.au/2013/05/shorter-tony-abbott-i-lost-ru486-vote.html Leftovers, TV Interviews, Dud Jets, Dud Gents & Portents! by @knarfnamduh voter has turned off the boring, negative, hyperbolic, ‘we’ll do it better’, abusive, smarmy, bigoted, sniping which represents the political discourse today? Well, who could blame them! http://deknarf.wordpress.com/2013/05/07/graphical-manipulations-33-leftovers-tv-interviews-dud-jets-dud-gents-portents/ Abbott’s parental leave to cost $5bn by AFR PBO costing of the policy, seen by The Australian Financial Review, estimates the policy would cost $14 billion in its first three years if it began on July 1 next year. Opposition Leader Tony Abbott has yet to set a start date, saying only that it would be in the first term of a Coalition government. http://www.afr.com/p/national/abbott_parental_leave_to_cost_bn_fdG47KuT9RVnWozbyIUU5M Battlelines drawn on Abbott's parental leave scheme by Michael Gillies Smith The battlelines are drawn: The Australian front page v Abbott and his paid parental leave scheme (and tax on business).It didn't end well for Kevin Rudd in 2010. Will Abbott back down, delay or amend the scheme and the tax and defuse The Australian's wrath? http://www.abc.net.au/unleashed/4674208.html Janie’s got a gun by @backupbear Tony has taken various opportunities to accuse the government of waging “class warfare” – today he demonstrates he’s well and truly in the thick of it, himself. Is it his hope that well-paid women having babies will lead to more LNP voters? http://unsane.info/janies-got-a-gun/ TONY ABBOTT’S Feminist Cred, by @evacox Could the reason for the lack of support be related to who proposed it than what it is? Abbott has a history of sexism and anti-fertility control so opposition to his proposal could stem from his past record. http://thehoopla.com.au/tonys-feminist-policy/ Son of a Gun! What Calibre is That- by Patriciawa Guns are headline news right now in the States, after all. He knows you wouldn’t normally talk about women of calibre! That was just a slip of the tongue, a mixed metaphor, from a man under enormous pressure. http://polliepomes.wordpress.com/2013/05/07/son-of-a-gun-what-calibre-is-that/ I am a woman of calibre by @TeamOyeniyi Well, well, well: I’m a woman of calibre. How nice for me! I don’t earn that much, but the rest of it fits! http://teamoyeniyi.com/2013/05/07/i-am-a-woman-of-calibre/ Tony unleashes his misogynist side with 'women of calibre' comments by Heath Aston and Jonathan Swan "If we want women of that calibre to have families, and we should, well we have to give them a fair dinkum chance to do so. That is what this scheme of paid parental leave is all about." http://www.dailylife.com.au/opinion/political-news/tony-unleashes-his-misogynist-side-with-women-of-calibre-comments-20130507-2j5my.html?rand=1367915567938 Tony Abbott: How do you define a woman of calibre? BY Women's Agenda He told a press conference today that as well as being about fairness and productivity, his parental leave scheme will ultimately encourage women of a certain "calibre to have families". http://www.womensagenda.com.au/talking-about/top-stories/tony-abbott-how-do-you-define-a-woman-of-calibre/201305072102 The Liberal stoush over middle class welfare and Abbott's maternity leave scheme BY @ozterra And now he has a piece over at right-wing think tank the Institute of Public Affairs setting out his arguments which are basically that it would cost too much, would undermine the fiscal credibility of a Liberal Government, and isn't necessary. Today other liberals have joined the chorus of dissenters http://australiaincognita.blogspot.com.au/2013/05/the-liberal-stoush-over-middle-class.html The impact of the digital media on the media industry by Paul Budde For more than a decade the traditional media has been on notice regarding the changes to be faced because of developments in the digital media market. So far it has failed to take decisive action – partly because it was afraid http://www.budde.com.au/News/#The-impact-of-the-digital-media-on-the-media-industry Today’s Front Pages Australian Newspaper Front Pages for 8 May 2013 http://www.thepaperboy.com/australia/front-pages.cfm

Ad astra

8/05/2013LYN'S DAILY LINKS updated: http://www.thepoliticalsword.com/page/LYNS-DAILY-LINKS.aspx

nasking

8/05/2013 HMMM... Lateline - 07/05/2013: Brandis applauds defeat of media regulation EMMA ALBERICI: Can I just go back to this point because John Howard actually threatened to remove the tax free status of charities and church groups who lobbied for a change of laws, who criticised the Government. This is not about how they spend their money, this was specifically aimed, many called it muzzling the charities and church groups? GEORGE BRANDIS: Emma, it's an entirely different issue. If you want to quote to me the very words that Mr Howard used that you've paraphrased then I will comment on them but I know what the Howard Government's position was and I think it was the right position. It was a corporate governance issue. You cannot go into the public arena as a charity, ask people to donate money to your charity and then spend it on a purpose other than the purpose for which it was given. EMMA ALBERICI: As I understood this was around the time of the CES going to the job network situation where church groups and charities were taking over some of that work and as I understand it this was the Government saying to those charities we'll give you these contracts, this money on the proviso that you don't criticise us in return. GEORGE BRANDIS: That might be your understanding but I don't want to deal with - talk about a particular instance on which neither you nor I are specifically informed. EMMA ALBERICI: You were in the Government. GEORGE BRANDIS: But let me just make this point. Freedom of speech is about the right of people to express their opinions about the right of newspapers and the media to carry the expression of opinions to participate in an unfitted way in the democratic debate. It's not an issue about corporate governance which the charities issue was an issue concerning. EMMA ALBERICI: Because I'm specifically interested, obviously your speech talks about this Government attacking freedoms in a way that hasn't been since 1825. GEORGE BRANDIS: I have not seen it in my life! EMMA ALBERICI: Other instances where it seems that the same point could be argued. For instance, let me give you another one, the Howard Government's terror laws were also considered an attack on basic freedoms. Suspects held for 48 hours without charge, without being given any reason at all. Control orders for up to 12 months and the proposition that people be jailed for simply promoting feelings of ill will. GEORGE BRANDIS: Alright, let me say two things about that. First of all, those laws were criticised not as an attack on freedom of speech but an attack on other civil liberties. So, you know, my argument is specifically about freedom of speech. It's not a general argument about civil liberty. It's an argument about what I regard as the most important among the civil liberties and that is freedom of speech. Secondly, as a result of the intervention and the negotiation at that time between people who are then on the government backbench, Mr Malcolm Turnbull, Senator Maurice Payne, Petro Georgiou, me, the original proposals were hedged with very significant safeguards. Thirdly, the alarmist rhetoric that we heard from people on the left of politics that this was legislation that would destroy our civil liberties has not been realised in the event. There have been hardly any control orders, there have been no preventative detention orders in all the years since. http://www.abc.net.au/lateline/content/2013/s3754147.htm [b]BE INTERESTING TO SEE IF ANY LIBERALS AND LIBERAL SUPPORTERS HELPED GAG CHILD ABUSE VICTIMS AND WITNESSES AND INVESTIGATORS OF THE CATHOLIC CHURCH...AND CERTAIN CULTS.[/b] N'

nasking

8/05/2013 CRIKEY!...MIGS REVEALS THE STEAMING DUNG THAT LAY BENEATH THE HOWARD GOVT HUBRIS...AND HOCKEY ASSERTIONS: The lie goes back awhile, back to the failed Welfare to Work (WtW) program introduced in 2005 to increase workforce participation among single parents, people with disabilities, and unemployed people aged over 50. I won’t bother with the finer details of the policy; it’s not important. [b]We didn’t hear much about WtW until March 2007; an election year. With the polls turning bad for Howard, success stories of the Government needed to be ‘put out there’. Apparently WtW was a great success according to Joe Hockey: Welfare changes and a healthy job market are set to deliver the Federal Government a $500 million budget surprise this financial year as the number of people on income support payments falls faster than expected. The Employment Minister, Joe Hockey, seized on the figures as evidence the Government’s controversial welfare and industrial relations changes were helping disadvantaged people find jobs. Latest estimates by the Department of Employment and Workplace Relations [DEWR] show income support payments will cost $21.76 billion in 2006-07, down from the $22.28 billion estimated in last year’s budget. The largest savings are coming from a lower than expected number of people on the disability support pension [DSP] under the welfare to work changes and falling dole payments to the unemployed. [/b] Well that was a lie but the media brought it. Let’s look at the DSP numbers for, and surrounding, 2007. Here’s a summary: DSP Population as at June 2006: 712,163 2007: 714,156 2008: 732,367 If the figures were going up, then what happened to the $500M that was meant to be saved? [b]The Howard Government wanted it for something else, hence the lie that it wasn’t needed under the WtW program. My source tells me that the Secretary of DEWR, Dr Peter Boxall, was instructed to take $750M from Newstart and DSP payments as it was needed elsewhere, with no explanation given. This infuriated Boxall (a Howard appointee), but he had no option other than to ‘find’ the money, however, could only come up with $500M. My informant attests that this demand came from the top, which could only mean Hockey or even Howard himself. It was not a political move, although it is easy to assume it might have been given it was an election year. No, it was much more sinister than that. In February 2007 the US Vice President, Dick Cheney visited Australia and Howard offered more support to the US to help with their war in Iraq. This is what Howard offered: . . . a strengthening of . . . training effort comprising a dedicated logistics team of roughly 50 personnel, together with about 20 extra Army training instructors to work with the Iraqi Army. And that, it is whispered, is where the money went. It was ripped away from needy Australians to help America with their war in Iraq. Aided, by the way, with a nice little terrorist alert around the same time to help cushion the blow; to win public support. A terrorist alert, I have on advice, that was fabricated for political gain.[/b] http://theaimn.com/2013/05/07/joe-hockey-welfare-to-work-and-a-pack-of-damn-lies/ DESPICABLE!!! N'

Tom of Melboune

8/05/2013He's the font of ethics, facts and transparent blogging, apparently.

nasking

8/05/2013 A MESSAGE FOR THE COALITION: http://m.youtube.com/#/watch?v=y3Z2MP8vMWU&desktop_uri=%2Fwatch%3Fv%3Dy3Z2MP8vMWU N'

Michael

8/05/2013The calibre of attacks on Shouldabeen's paid parental leave levy is rising. http://www.abc.net.au/unleashed/4676538.html Look for a leadership spill soon. The little man hates being opposed. "No no no!!!"

Ken

8/05/2013I posted an earlier comment about the high AUD before the Reserve Bank announced its cash rate cut. The primary target of the cut was the AUD and the Bank has made it clear that it is willing to cut further to bring the dollar down. But I have seen little comment on that from the MSM commentators. Instead they seem to have taken Hockey's line that it is more about getting the economy moving again. Only some of the better economic commentators have emphasised the real reason for the cut, like TheKouk. The cut will help the economy if the dollar does fall because it will improve the export competitiveness of Australian manufacturers and it is essential to get the manufacturing industries going again before the mining boom peters out. But as I said in my earlier post, this is still a difficult task while the interest rates in other developed economies are still below 1%. We may need to go down to 2% or less to have the impact the Reserve Bank is looking for.

nasking

8/05/2013 FASCINATING, REVEALING, USEFUL INFO: [b]State of the World's Mothers Report 2013 Every year Save the Children's State of the World's Mothers report reminds us of the inextricable link between the well-being of mothers and their children. The report compares 176 countries globally, showing which are succeeding – and which are failing – in saving the lives of mothers and their newborn babies. The report looks at factors such as mother’s health, education and economic status, as well as critical child indicators such as health and nutrition. According to the new findings, Australia is the best place in the southern hemisphere to be a mother, and is the only non-European country in the top ten, which places Finland at number one, followed by Sweden and Norway. Mothers’ Index Rankings[/b] [b]European countries – along with Australia – dominate the top positions on the Mothers’ Index while countries in sub-Saharan Africa fill the lowest ranks. The United States places 30th this year.[/b] [b]The 10 top-ranked countries, in general, are among the best countries in the world for mothers’ and children’s health, educational, economic and political status.[/b] The 10 bottom-ranked countries – all from sub-Saharan Africa – are a reverse image of the top 10, performing poorly on all indicators. Conditions for moth- ers and their children in these countries are devastating: • On average, 1 woman in 30 is likely to die from a pregnancy-related cause. • 1 child in 7 dies before his or her fifth birthday. • Children can expect to receive as little as 2 years but at most only 9 years of formal education. • GNI per capita, a measure of a country’s economic welfare and a mother’s access to resources, is less than $600 on average. • Women hold only 11 percent of parliamentary seats on average. • Eight out of 10 women are likely to suffer the loss of a child in their lifetime. [b]The contrast between the top-ranked country, Finland, and the lowest- ranked country, Democratic Republic of the Congo, is striking. In Finland, nearly 43 percent of parliamentary seats are held by women; in DR Congo only 8 percent are. A Finnish child can expect to receive almost 17 years of formal education, while the typical child in DR Congo receives 8.5 years. Maternal death is a rare event in Finland (a woman has less than a 1 in 12,000 chance of dying in pregnancy or childbirth). But in DR Congo, 1 woman in 30 is likely to die of a maternal cause...[/b] ...2. We need to create mother and baby-friendly health systems to deliver lifesaving interventions, especially at the time of birth. • We need to provide women with greater access to midwives so that all women receive quality obstetric care and give birth with attendants who are trained in newborn as well as maternal health care. This requires train- ing new health workers and ensuring that existing workers have the right training, skills and supplies; they also need to be part of a functioning health system that focuses on communities of the greatest need and uses the latest evidence to guide program improvement. • With more mothers delivering in health facilities such as clinics or hospitals, increased attention needs to be given to improving the quality of care in those facilities. With millions more births in facilities, we must seize the opportunity to ensure effective care is given, lives are saved, conditions are hygienic and women are respected. Health providers should ensure that mothers are knowledgeable about appropriate care practices before they leave a facility – and that they know when and where to seek care if needed once they get home. • Community health workers can play a vital role, especially in the critical postnatal period, visiting women and babies, promoting breastfeeding, pro- viding access to family planning, and supporting families for basic newborn care – things such as warmth, breastfeeding, cord care and hygiene. These workers need to be part of a broader health system. • [b]We need to move Universal Health Coverage from aspiration to reality. Investing in midwives and other frontline health workers is a critical piece of a broader movement to ensure Universal Health Coverage so that every- one – starting with the most vulnerable – receives essential, high-quality care without descending into poverty. It also requires increasing investment in health, building strong, fully functioning health systems and remov- ing financial and other barriers to access and use of services. [/b] http://www.savethechildren.org.au/resources/state-of-the-worlds-mothers-report-2013 AND SOME IN THE COALITION WOULD LIKE TO TAKE US DOWN THE PATH TO THE AMERICAN HEALTH SYSTEM. [b]DOWN[/b] BEING THE KEY WORD. N'

TalkTurkey

8/05/2013Ross Bowler ‏@BowlerBarrister 8m "AshbyGate" on Tweeted Times http://tweetedtimes.com/search/AshbyGate/en …

Ad astra

8/05/2013Hi Lyn I'm working through your interesting links, but have to go out for a while. I'll complete them later.

Tom of Melbourne

8/05/2013Hmmm, it's interesting when sites like AIMN and their owners present themselves as an ethical media alternative, but then circulate unsupported, fact free gosip. Nasking, good luck with presenting that as a credible source.

TalkTurkey

8/05/2013#womenofcalibre Women of Calibre Wrecking the joint! U don't need Excalibur To drive home a point!

nasking

8/05/2013 WHAT'S WITH ABC 24? WAS WATCHING THE PM AT MARSDEN SHS JUST DOWN FROM US AND THEY LOSE THE CONNECTION. NO GOOD! N'

Crowey

8/05/2013The media are having a field day regarding the upcoming federal budget, the back flip by Penny Wong yesterday, and today Greg Combet, is leaving the ALP wide open to criticism by the cynical voters and believe you me their are plenty.

nasking

8/05/2013 I JUST LODGED A COMPLAINT WITH THE ABC. FANCY THEM CUTTING AWAY FROM THE PM AT A SCHOOL WHERE THERE ARE PLENTY OF DISADVANTAGED STUDENTS...IN OUR AREA OF LOGAN...IT'S NOT AS THO WE GET MANY OF THESE OPPORTUNITIES THIS SIDE OF THE HIGHWAY (IF YA GET THE GIST) SO TO LOSE THAT VISION ON ABC 24 IS UNFORGIVEABLE. TOP SPEECH BY AUNTY...AND GRAIG EMERSON. VERY DISAPPOINTED THAT I HAD TO CATCH THE END OF THE SPEECH AT SKY NEWS. NOT ON. N'

bob macalba

8/05/2013'Women of calibre' aka 'selective breeding'..part of the doctrine of another tosspot from last century..wots his name again?

TalkTurkey

8/05/2013Bloody ABC, they don't have any problem with their feed to Snotty Joe Hockey, the moment they start to broadcast the PM they lose it, it feels absolutely deliberate. With you Nasking. Except I don't have SKY.

nasking

8/05/2013 TT, I NOTICED THE MOMENT THE PM STARTED SPEAKING THE PICTURE BECAME DISTORTED...THAT'S NOT THE FIRST TIME I'VE SEEN THAT HAPPEN ON ABC 24. BEYOND ODD. INDEED...THEY DON'T SEEM TO HAVE A PROBLEM WHEN THE NEGABORES IN THE COALITION START SPEAKING. OUR PM IS NOT BEING PROVIDED AN EVEN PLAYING FIELD. N'

nasking

8/05/2013 MAKE THAT [b]'LEVEL PLAYING FIELD'[/b]

Ad astra

8/05/2013Ken We do have a problem with the competence of economists that comment on the national economy. So often, their predictions are completely wrong. The Kouk, who is an accomplished economist with a background in national economics, was one of the few who correctly predicted yesterday’s Reserve bank reduction in the cash rate. A major problem is the differences in ideology between economists. In an piece I wrote over three years ago: [i]The problem with economists[/i], http://www.thepoliticalsword.com/post/2009/02/18/The-problem-with-economists.aspx one paragraph read: [i]”Another problem with economists is that some are wedded to a particular theory of economics, a paradigm that governs their thinking. There are scores of theories, but the ones being touted in this debate on macroeconomics are Keynesian economics, Friedrich Hayek’s free market capitalism, and Milton Friedman’s monetarist, anti-regulation policies…The debate seems to be broadly between those who believe government needs to regulate financial institutions to avoid situations such as we now suffer, and free marketeers who eschew regulation, who believe private enterprise operating in free markets with minimal regulation is the way to prosperity.”[/i] The writings of economics correspondents reflect the favoured paradigm of the writer, and events and actions of government are interpreted in the light of that paradigm. So, we have Keynesian economists like The Kouk writing in a pro-Keynesian way, as do writers like Ross Gittins and Peter Martin, while most of the others, who reject Keynesianism, write with an entirely different slant. So whom does the voter believe? Probably the most persuasive one, or the one whose opinions are expressed in the voter’s favoured media outlet! It is a sorry situation, which results in the electorate not receiving a balanced appraisal of the country’s economic situation, hearing only the loudest and most strident voices. As you point out, we see this playing out in the reporting on yesterday’s interest rate cut.

Michael

8/05/2013Re the ABC I can do no better than quote (and deliver) the recaptcha for this post. question axpests

MWS

8/05/2013Apparently Joe Hockey has had a thought-bubble to reduce Government costs: [quote]"Mr Hockey wants to dramatically streamline the agencies, with one idea being to merge their front-office operations with post offices."[/quote] My local shopping centre has a post office - it's tiny and has only two counters - and often only one person serving. How are they expected to offer Centrelink services as well - with no possibility of privacy, as the whole public area is about 5 metres squared? My main shopping centre also has a post office - and the queues are usually out of the door, and I only shop during quiet times, and never on weekends. How many more staff will be needed in each post office, and how much extra floor space will be required in every PO to enable Centrelink services to be offered? In both cases, the public area of the local Centrelink office is BIGGER than the post offices! It is patently obvious that Joe Hockey doesn't visit a post office! http://www.afr.com/p/national/hockey_raises_prospect_of_middle_k97QJUdU66Ux04f3Os9XMM

Catching up

8/05/2013It is time for us women of lesser calibre to begin wrecking that smug world of Mr. Abbott. Time to let him know, we are not insignificant.

Catching up

8/05/2013Those charities that Howard attempted to muzzle, are there to serve their clients, not the government. They have two roles. One to supply services the weak need. The other to lobby on their behalf. It was the second role, Howard tried to stop. I heard Hockey tell the Master Builders this week, that the special courts for building employees will be bouhgt back. Mr Hockey said we cannot have the disgraceful behaviour of union members, protesting outside Gollans, That cannot be allow to continue. So unions, in Hockey's eyes have no right to protest. Charities have no right to speak out on behalf of their clients. Mr. Brandis, it is muzzling of freedom of speech. Cando has signed NDIS.

Catching up

8/05/2013I suspect any services that post offices could deliver in relation to Centrelink, with untrained staff are already being done on line. How does a PO ensure privacy.

Catching up

8/05/2013Liberals out again promising tax cuts. Are tax cuts needed at this time. The biggest problem is falling revenues.

Tom of Melboune

8/05/2013[i]“falling revenue”[/i]????? You should try checking some facts occasionally Catching Up. Revenue isn’t falling!! It is increasing quite quickly! At about 7%! It’s just that the government got its forecast wrong (again), and thought the boom was here permanently. That’s Swan for you. But really, you don’t do yourself any favours by getting it all wrong so often.

Catching up

8/05/2013Tom,if you insist on relying on dodgy figures and graphs from Liberal sites. that is your problem, not mine. Many can be found in detail on this site. http://grogsgamut.blogspot.com.au/

Sir Ian Crisp

8/05/2013[quote][b]Should you decide to ‘Disseminate this post’ it will be sent to the following parliamentarians: Tony Abbott, Eric Abetz, Anthony Albanese, Julie Bishop, David Bradbury, George Brandis, [u]Greg Combet[/u], Stephen Conroy, Mathias Cormann, Craig Emerson, Josh Frydenberg, Joe Hockey, Greg Hunt, Barnaby Joyce, Bob Katter, Andrew Leigh, Christine Milne, Sophie Mirabella, Robert Oakeshott, Christopher Pyne, Andrew Robb, Bill Shorten, Arthur Sinodinos, Wayne Swan, Warren Truss, Malcolm Turnbull, Andrew Wilkie, Tony Windsor, [u]Penny Wong[/u] and Nick Xenophon.[/b][/quote] Ad Astra has thoughtfully added a list, at the foot of his various seminal essays, of politicians who might benefit by reading the "Thoughts of Ad Astra". What is the result? Lackwits Penny Wrong and Greg Comet obviously can't read. Both Wrong and Comet have in the last couple of days announced ALP austerity measures that are sure to displease Ad Astra and Mr Krugman. [quote][b]More cuts to come after carbon tax compensation payments are shelved: Greg Combet[/b] http://www.theaustralian.com.au/national-affairs/climate/carbon-compensation-payments-put-off-after-price-slump/story-e6frg6xf-1226637448746 [/quote] Is Mr Comet more smitten by the charms of his new love rather than dedicating his time to reducing the world's temperature?

TalkTurkey

8/05/2013Justice Michael Kirby to head deputation to report on N Korean civil rights. Interesting to me because I really think he would be a wonderful First President. Tomorrow Thursday is the day Abborrrrt v Ettridge goes to court. Please, please, oh PLEASE ... Not a sound about it in the MSM. It's ... SSSPOOOOO~KEEEEEE !

Jason

8/05/2013Sir Ian There is plenty to be smitten by!Just think back to when you were young and firm some young lib or Nat may have been smitten with you! Unlikely I know but possible!

Sir Ian Crisp

8/05/2013[quote][b]Sir Ian There is plenty to be smitten by!Just think back to when you were young and firm some young lib or Nat may have been smitten with you! Unlikely I know but possible! Jason [/b][/quote] Hey big JGuy. Is being young and firm the same as being young and naive? Do you think I could've helped a married woman fleece the money of others and then claim to have been "young and naive"?

Jason

8/05/2013Do you think I could've helped a married woman fleece the money of others and then claim to have been "young and naive" YES!

Tom of Melbourne

8/05/2013Honestly Catching Up, you need to be more careful. Even the graphs you refer to demonstrate that the government get more revenue this year than last year. This is the graph from that site you should look at. http://lh5.ggpht.com/-fLocfxkjB8g/UYns3jcxDlI/AAAAAAAAHus/a4S3CXniJhY/s1600-h/image%25255B24%25255D.png [b]CATCHING UP – THANKS FOR PROVING MY POINT[/b]

Curi-Oz

8/05/2013We have just had a phone call from "Nationwide Marketing Research". What Excitement! Our house has just taken part in a political phone poll! I afforded my spouse a degree of amusement when asked my feelings on Mr Abbott, but fear that I may not be counted because I won't be voting Liberal this weekend at least. I was unable to find out which media outlet would be using the poll data, which was a little disappointing, but definately amusing on a day when the weather has been so delightfully soggy!

nasking

8/05/2013 ONCE AGAIN ABC POLITICAL CORRESPONDENT [b]MARK SIMKIN SHOWS HIMSELF TO BE NO BETTER THAN A TABLOID HACK[/b]...HIS STORY WAS [b]NEGATIVITY OVERBOARD[/b] AND BEGAN BY [b]FOCUSING ON THE MOST TRIVIAL OF INCIDENTS[/b]: "[b]SQUEALS, SCREAMS AND FLYING VEGEMITE SANDWICHES[/b]...THE PRIME MINISTER RECEIVED QUITE A RECEPTION..." CUT TO THE PM HAVING TO RESPOND TO A [b]DERAILING QUESTION BY ANOTHER USUAL SUSPECT [/b]ABOUT A NOTHING INCIDENT AT OUR LOCAL SCHOOL... A RESPONSE MUCH LONGER THAN SHOWN IN THE CLIP EXPLAINING IN AN ADULT WAY SHE WAS ENTHUSED ABOUT THE GREETING FROM THE STUDENTS AND FOUND THE SANDWICH THROWING INCIDENT TRIVIAL AT BEST...WHICH IT INDEED WAS FROM THE FEEDBACK I HAVE RECEIVED... YET, MARK SIMKIN MANAGED TO CUT THE POSITIVES OUT OF OUR PM BEING GREETED ENTHUSIASTICALLY BY OUR LOCAL STUDENTS, PREFERRING TO FOCUS ON THE TABLOID TRIVIAL. FURTHERMORE, BY DESCRIBING THE STUDENTS' GREETINGS IN OUR LOCAL AREA AS "[b]SQUEALING[/b]" HE DEMONSTRATES YET AGAIN WHAT AN [b]ELITIST AND BIASED PRAT[/b] HE REALLY IS...AND [b]RUDE[/b]. PIGS SQUEAL...NOT STUDENTS. BTW, [b]MARK SIMKIN WENT TO THE SAME PRIVATE CATHOLIC SCHOOL AS TONY ABBOTT.[/b] ABC, YOU REALLY HAVE BECOME [b]A HAVEN FOR PRIVATE SCHOOL ELITISTS[/b] WHO HAVE LITTLE RESPECT FOR THE PUBLIC SYSTEM. [b]SHAME[/b]! N'

Catching up

8/05/2013Tom, one needs to address the whole context. Surprisingly, I care not what you think. Problem could be that outgoings also rose. For every action there is a reaction. Many experts do not agree with you. But them they are according to you and your ilk, stupid as well. People are able to work it out for themselves. Keep it up, someone might just listen to you. Never know your luck. Bye bye

nasking

8/05/2013 THIS FROM THE 'EXPOSING TONY ABBOTT...' SITE: [b]Murdoch strikes again!!! Nova FM did a poor job in accurately reporting Julia Gillards visit to Marsden High School in Queensland. Their news reports at both 5pm and 6pm emphasized and largely focused on the fact that a sandwich was thrown at the Prime Minister. They went on to give the impression that the majority of students gave a hostile welcome to Julia Gillard, with many hurling abuse. This is simply not true. The vast majority of students clamoured for autographs. As Nova is owned by Lachlan Murdoch's Illyria Pty Ltd, I am not surprised.[/b] DISGRACEFUL. AND MARK SIMKIN ON THE ABC DID SAME. HE WENT TO SAME PRESTIGIOUS CATHOLIC SCHOOL AS TONY ABBOTT. HE SHOULD CONSIDER LEAVING THE PUBLIC BROADCASTER AND GO WORK FOR MURDOCH. I HAVE MADE AN OFFICIAL COMPLAINT TO MEDIA WATCH. TALK ABOUT ADDING INSULT TO INJURY...NOT ONLY DID THE ABC 24 DISTORT THE PM'S IMAGE AND THEN LOSE THE RECEPTION NOT TO RETURN SO WE MISSED HER IMPORTANT SPEECH IN OUR LOCAL SCHOOL...BUT SIMKIN INSULTS OUR STUDENTS AND MANAGES TO TACK A TABLOID APPROACH ON TO A NEGATIVE AND UNRELATED STORY ABOUT THE CARBON PRICE TAX CUTS BEING DEFERRED. ENUFF IS ENUFF. OUR KIDS AND AREA DESERVE TO BE TREATED WITH MORE RESPECT. IT GIVES YOU A GOOD IDEA OF HOW THE ABBOTT LIBS AND THEIR SUPPORTING MEDIA WILL TREAT OUR PUBLIC SCHOOLS IF ABBOTT GETS ON. RELIGIOUS ELITISTS ON THE RAMPAGE. N'

nasking

8/05/2013 Should be: [b]IT GIVES YOU A GOOD IDEA OF HOW THE ABBOTT LIBS AND THEIR SUPPORTING MEDIA WILL TREAT OUR PUBLIC SCHOOLS IF ABBOTT GETS IN.[/b]

Sir Ian Crisp

8/05/2013[quote][b]Living within our means, Hockey style[/b][/quote] [quote][b][u]Living within our means, Wrong and Comet style[/u][/b][/quote] [quote][i]FAMILIES will miss out on a tax boost worth up to $600 a year after the government confirmed it was scrapping the measure in the upcoming budget. And the government is facing revenue black hole this financial year of $17 billion. Finance Minister Penny Wong this morning confirmed the Government would not go ahead with its plans to boost Family Tax Benefit part A from July 1. [/i][/quote] [quote][b]Climate Change Minister Greg Combet admitted on Wednesday the government would revise down its forecasts for the carbon price because of a recent crash in Europe's carbon market. Mr Combet said this made sense since Australia's carbon price would be linked to Europe in 2015. The government would be "deferring" its plan to increase the tax-free threshold in 2015, because of the falling global carbon price. [/b][/quote] What a cruel hoax to play on the people of Australia.

Tom of Melbourne

8/05/2013Yet again Catching Up, you make a foolish comment demonstrating either ignorance or dishonesty. Then (yet again) you try to obfuscate and weasel out of your comments. It’s a habit for you. So let’s just look at your specific comments , you said – [i]” The biggest problem is falling revenues.[/i] [b]Which isn’t a fact![/b] You then said I should look at a site for proof of your comment! [b]The site you linked specifically and clearly indicates an increase in government revenue![/b] You then change beat a retreat from your first position claiming – [i]” one needs to address the whole context… Problem could be that outgoings also rose.”[/i] That is you essentially deny the first point you made!! [b]CATCHING UP – IS DISHONESTY OR IGNORANCE THE BEST THAT YOU CAN COME UP WITH IN DEFENDING THE GOVERNMENT??[/b]

nasking

8/05/2013 JUST DELETED LATELINE AFTER A FEW MINUTES OF WATCHING THE SAME SANDWICH THROWING CRAP AND NEGATIVITY. NO LONGER GOING TO WATCH THE ABC FULL-TIME. MY WIFE SAID SHE CAN'T STAND WATCHING IT ANYMORE...MAKES HER FEEL ILL. THE BIAS AGAINST THIS PM IS BEYOND DISGRACEFUL. I WILL NOW ONLY TAKE MY NEWS FROM THE FIFTH ESTATE AND A FEW MSM JOURNOS I TRUST. I HAVE NO PROBLEM WITH VALID CRITICISM AND SCRUTINY OF GOVT POLICIES BUT WILL NOT TOLERATE HYPERBOLIC TABLOID NONSENSE FROM SUITED TOFFS. I WAS KIND ENUFF NOT TO MENTION TONY JONES' ODD PATHETIC ATTEMPT TO PULL A 'GOTYA' ON THE PM DURING HER Q&A SESSION...BUT IT DOES NOT SURPRISE ME WE GET THE SAME TABLOID SHITE ON HIS LATELINE EPISODE. N'

nasking

8/05/2013 OLD LANCASHIRE POEM DURING THE BRITISH INDUSTRIAL REVOLUTION: Four-Loom Weaver [ Roud 937 ; Ballad Index DTfourlo ; trad.] [b]This is a ballad about the economic crisis of 1819-20 where many handloom weavers lost their work due to the rise of steam driven weaving machines. Ewan MacColl learned this song from Mrs. Whitehead, near Oldham, in Lancashire. He sang the first three verses of the lyrics below in a 1951 recording by Alan Lomax that can be found on the CD World Library of Folk and Primitive Music: England.[/b] A.L. Lloyd sang this song with the title The Poor Cotton Wayver in 1963 on the album of industrial ballads, The Iron Muse. Maddy Prior and June Tabor sang Four-Loom Weaver a cappella in 1976 on their album Silly Sisters. Tan Yows learned it from this album and recorded it in 2012 for their CD Undipped. A related ballad is A.L. Lloyd's and Steeleye Span's The Weaver and the Factory Maid. Lyrics Maddy Prior and June Tabor sing Four-Loom Weaver I'm a four-loom weaver as many a one knows; I've nowt to eat and I've worn out me clothes. My clogs are both broken and stockings I've none; You'd scarce give me tuppence for owt I've gotten on. Old Billy o't' Bent he kept telling me long We might have better times if I'd nobbut hold my tongue. I've holden me tongue till I've near lost my breath And I feel in me own heart I'll soon clem to death. I'm a four-loom weaver as many a one knows; I've nowt to eat and I've worn out me clothes. Old Billy's awreet, he never were clemmed And he never picked o'er in his life. We held on for six weeks, thought each day were the last; We've tarried and shifted till now we're quite fast. We lived upon nettles while nettles were good And Waterloo porridge was the best of ours food. I'm a four-loom weaver as many a one knows; I've nowt to eat and I've worn out me clothes. Me clogs are both broken, no looms to weave on, And I've woven meself to far end. THE PEOPLE NEED TO TURN THEIR FOCUS ON THE ONES (CORPORATIONS, COMPANIES AND THEIR MEDIA PROPAGANDA OUTFITS AND WILLING PUPPET POLLIES) WHO PROFIT AND BENEFIT FROM BRUTAL CHANGE AND USING MACHINERY AND CHEAPLY PAID MIGRANT WORKERS SO AS TO DISMISS LOYAL WORKERS WITH NARY A THOUGHT...AND KEEP OTHER VIABLE WORKERS FROM TAKING UP THE POSITIONS. TURNING ON THE UNFORTUNATE AND DESPERATE AS YOU IS WEAK...AND FRUITLESS...AND EXACTLY WHAT THE PROFITEERS WANT. A USEFUL DISTRACTION. N'

nasking

8/05/2013 SITE: http://mainlynorfolk.info/june.tabor/songs/fourloomweaver.html N'

nasking

8/05/2013 “There are decades where nothing happens; and there are weeks where decades happen.” ― Vladimir Ilyich Lenin INDEED. N'

nasking

8/05/2013 I'M NOT A COMMUNIST...BUT I SURE CAN SEE WHEN THE SYSTEM IS FAILING...AS HAS THIS TOO OFT RAMPANT CAPITALISM... TIME FOR A CHANGE...BY IGNORING MUCH OF THE MSM AND VOTING FOR A FAIRER FUTURE WHERE THE MONEY AND ASSETS DON'T FLOOD TO THE TOP. I'M TAKING A BREAK TO REST MY EYES. POWER TO THE PEOPLE! LET THE FIFTH ESTATE SHINE THAT LIGHT OF FAIRNESS, JUSTICE AND EGALITARIANISM...LET IT BE. N'

TalkTurkey

9/05/2013Nasking Your input is awesome - I use the word carefully. (Poor Poor Cotton Wayver!) Folks don't forget that Abborrrrrrtt v Ettridge event today. ABC is constantly a source of outrage to me. Simpkin and Iggulden are maggotts.

lyn

9/05/2013Today’s Links The Costello Commission redux by @LarvatusProdeo discover a black hole and sell and cut like crazy to fill it. It’s what Kennett did. It’s what Newman is doing. It’s what Costello and Howard pulled in 1996, though they spent like drunken sailors in the latter Howard years. And it’s what the Tories in the UK have done. http://larvatusprodeo.net/archives/2013/05/the-costello-commission-redux/ Howard’s End: how the coalition’s last budget created the ground for the current deficits by @ConversationEDU The focus on these sorts of welfare cuts begins the dismantling of policies that were central to John Howard and Peter Costello’s budgets, especially the pair’s final big-spending 2007 budget which bestowed generous tax concessions – in areas such as superannuation http://theconversation.com/howards-end-how-the-coalitions-last-budget-created-the-ground-for-the-current-deficits-13848 Tony Abbott’s questions of character by @independentaus I used to think that John Howard was a mean-spirited, nasty piece of work, but in comparison to Tony Abbott he appears as kind, caring and compassionate as Mother Teresa. http://www.independentaustralia.net/2013/politics/tony-abbotts-mugging-produces-a-one-sided-affair/ George Brandis, free speech charlatan by @geeksrulz MARGO: I am so disgusted with the Brandis free speech interview on @Lateline I don’t trust myself to write about it. It brought back memories of the Howard Government’s relentless assaults on free speech http://australiansforhonestpolitics.wordpress.com/2013/05/08/george-brandis-free-speech-charlatan/ Who’s a fiscal conservative then- @macro_business But taking Hockey at his word, that he’ll use his savings to pay down debt, the back of my envelope suggests he is currently carrying some $10-12 billion per annum in unfunded promises. http://www.macrobusiness.com.au/2013/05/whos-a-fiscal-conservative-then/ Calm down, this is no rates emergency by @TheKouk official cash rate at 2.75 per cent which is, of course, below the 3 per cent low point that prevailed during the depths of the global banking and economic crisis. But the other policy levers are so vastly different that all talk of ‘emergency monetary policy’ is economic clap trap. http://www.businessspectator.com.au/article/2013/5/8/economy/calm-down-no-rates-emergency#ixzz2Sh5Ibp1r RBA guns the economic engines as govt applies the brakes by @BernardKeane & Glenn Dyer Yesterday’s surprise rate cut is designed to address both the strong dollar and a domestic economy struggling as governments slash spending, http://www.crikey.com.au/2013/05/08/rba-guns-the-economic-engines-as-govt-applies-the-brakes/ The economic geography of big cities by @1RossGittins If you've seen those ads the mining industry is running you probably realise the entire economy is riding on the miners' backs, and if asked to pay another dollar more in tax they'll up sticks and shift their mines to some better-run country like Peru or Nigeria http://www.rossgittins.com/2013/05/the-economic-geography-of-big-cities.html The stubbornly high Aussie. Why the RBA cut and will cut again by @1petermartin Deep concern about the high Australian dollar drove the Reserve Bank to cut its cash rate to the lowest level on record Tuesday, a cut quickly passed on by all but one of the big banks. http://www.petermartin.com.au/2013/05/the-stubbonly-high-aussie-why-rba-cut.html Abbott’s presstitutes by @MigloMT To all the journalists in our country: “Helloooo, where are you? Do any of you have the guts to ask Abbott why his party didn’t even bother to turn up when it was introduced into Parliament? http://cafewhispers.wordpress.com/2013/05/08/abbotts-presstitutes ABETZ ASCENDANT: With frenemies like Alex Hawke, PM-to-be Tony Abbott is desperately going to need friends like Eric Abetz by Vex News Abetz is an unalloyed conservative and if Tony Abbott wants to run a successful and stable government, he needs Abetz as his hyperactive sheepdog, ensuring that Tony keeps the conservative faith in the face of a left-liberal Zeitgeist. http://www.vexnews.com/2013/05/abetz-ascendant-with-frenemies-like-alex-hawke-pm-to-be-tony-abbott-is-desperately-going-to-need-friends-like-eric-abetz/ Man Overboard Tonys Boats Backflip by @saint13333 The truth of what has happened is that Abbott has decided to backtrack on his two and a half-year promise knowing that for this period he has engaged in the most racist vile dog whistling politics focused on people who are politically ignorant and disengaged. http://theaimn.com/2013/05/08/man-overboard-tonys-boats-backflip/ A Strange Day by @madwixxy Many believe Abbott thinks that this is the policy that will deflect all those claims of misogyny, as if having an expensive parental leave policy somehow makes up for throwing punches at a womans head. http://wixxyleaks.com/2013/05/08/a-strange-day/ Women of that calibre - A statistical tone poem by @newsfliporg Tony Abbott's comments on the motivation for his signature Paid Parental Leave program have given us further insight into why 'this man' is born-to-rule, and not ready-to-rule. http://www.newsflip.org/ What women want? No more gaffes, thanks by @clementine_ford While it's possible Abbott simply lacks the kind of grace and insight befitting a leader who will be called upon to represent their country on the international stage, there are also claims he possesses the aggressive tendencies of a pitbull. http://www.abc.net.au/unleashed/4677366.html Mr Abbott’s Er Um Ah ‘Woman of Calibre’ blunder speaks volumes by @YaThinkN then how the hell is he going to cope when every conversation he has with a foreign power, drama overseas, terrorist situation etc., which is NOT scripted. These very serious situations will happen. Look at the last 12 months alone, Prime Minister Gillard has had to negotiate with http://yathink.com.au/article-display/mr-abbotts-er-um-ah-woman-of-calibre-blunder-speaks-volumes,70 Tony Abbott’s record on maternity leave makes his current promise hard to believe by Tanja Kova nothing more than spin. He will say and do anything now to win the women's vote. But his track record of issues that matter to women means there is no guarantee he will respect our vote the morning after the election. http://www.womensagenda.com.au/talking-about/opinions/tony-abbotts-record-on-maternity-leave-makes-his-current-promise-hard-to-believe/201305072105 Parenting leave – two strong policies with a deep divide by @fakeedbutler If this strange inversion of political philosophies is hurting your head, fear not, you’re not alone. The Coalition’s policy makes no real sense when stood alongside their general fiscal rhetoric. http://ausvotes2013.com/2013/05/08/parenting-leave-two-strong-policies-with-a-deep-divide/ Fair Dinkum chance for women of calibre by @spicertracey This was concocted by Mr. Abbott’s spin-doctors to divert attention from his perceived ‘women problem’. Now, he faces a backlash from the hard heads, asking why a free-market, pro-business, low-tax party is supporting a levy on 3,000 Australian companies. http://thehoopla.com.au/fair-dinkum-chance-women-calibre/ Tony Abbott, Mitt Romney Team Up To Produce ‘Binders Full of Women of Calibre’ by @The_Shovel_ It’s a handy guidebook for political parties or corporations who want to increase their female numbers, without having to deal with the riff raff,” said publisher Ron Truby. “We’ve eliminated all of the women without calibre http://theshovel.com.au/2013/05/08/tony-abbott-mitt-romney-team-up-to-produce-binders-full-of-women-of-calibre/ Turnbull blasts Labor over unsold spectrum in Digital Dividend by @WatchAdam Conroy had not raised the price of the 700MHz spectrum, the total revenue would have been “way lower,” he said.IBRS analyst Guy Cranswick agreed: “Given the rules of the auction and the no show of http://www.computerworld.com.au/article/461131/turnbull_blasts_labor_over_unsold_spectrum_digital_dividend/#comment-1236418 Today’s Front Pages Australian Newspaper Front Pages for 9 May 2013 http://www.thepaperboy.com/australia/front-pages.cfm

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9/05/2013LYN'S DAILY LINKS updated: http://www.thepoliticalsword.com/page/LYNS-DAILY-LINKS.aspx

nasking

9/05/2013 THE INSIDIOUS AND MALIGNANT CANCER THAT IS THE PRESENT EVER-DISTRACTING CORPORATE RAMPANT CAPITALIST FREE BUT NOT FAIR TRADE SYSTEM ENSURES THAT IT USES THREATS TO WORKERS' LIVELIHOODS TO KEEP ITS CRUDDY SYSTEM GOING...IT HAS INFILTRATED OUR PUBLIC BROADCASTERS, CABLE TELEVISION, HUFFINGTON POST, OUR BOOKS, TV SHOWS, GAMES, MOVIES, MAGAZINES, POLITICIANS...IT WARNS US NOT TO BOYCOTT BRANDS AND LABELS IN CASE IT AFFECTS JOBS...OF COURSE IT DOES. IT USES EVERY KIND OF EMOTIONAL BLACKMAIL AND CON TO SURVIVE IN ITS PRESENT EXPLOITIVE FORM WHERE OUR PUBLIC SERVICES AND ASSETS ARE OUTSOURCED, PRIVATISED AND USED AS A WAY TO SERVE THE CORPORATE INTERESTS...OUR SMALL FARMS ARE CRUSHED...OUR SMALL BUSINESSES DESTROYED BY ANTI-COMPETITIVE BEHAVIOUR...SO MONEY AND ASSETS FLOOD EVER UPWARD TO 'THE FEW'. IT RELIES ON YOUR APATHY...YOUR FATIGUE...YOUR CYNICISM...YOUR INABILITY TO SEE PAST THE CELEBRITY DISTRACTIONS AND FINGER-POINTING DIVERSIONS...IT PREFERS WORKERS FIGHT WORKERS...IT PREFERS THE STRUGGLING DAY TO DAY WORKERS AND DISADVANTAGED BLAME MIGRANTS AND BOAT PEOPLE AND GAYS...IT CONTINUES TO FEED ITS GIANT INSATIABLY HUNGRY MAW BY KEEPING YOU LOOKING AWAY FROM ITS EXPLOITATION, CRIMES, GREED AND CORRUPTION...AND JUST WHEN YOU FINALLY FOCUS ON IT...IT WILL CREATE ANOTHER ECONOMIC CRASH...THE FEW WILL BENEFIT...WHILST IT MANUFACTURES A FALSE LEFT AND RIGHT POLITICAL DIVIDE...SO WE FIGHT ONE ANOTHER...RATHER THAN KEEP FOCUSING ON IT...THE CANCER THAT IS THE MALIGNANT CORPORATE RAMPANT CAPITALIST FREE BUT NOT FAIR TRADE SYSTEM. POWER TO THE PEOPLE...NO LONGER EYES WIDE SHUT. N'

nasking

9/05/2013 GO LYN...GO TT. GO AD. GO FIFTH ESTATE!!! OVERCOME THE BS. SHINE THAT LIGHT. N'

Jason

9/05/2013How fast is the NBN? http://howfastisthenbn.com.au/

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9/05/2013Hi Lyn I’ve a busy day today and am returning to the south coast. I’ve already looked through and have enjoyed your always-informative links. It seems that it is not possible to rely on the Fourth Estate to expose the ugly side of the Coalition; it is the Fifth Estate that does the heavy lifting. I see Miglo has been exposing the Coalition in several places. Good on him.

Ken

9/05/2013Just a personal peeve. I’m getting fed up with the number of economic commentators suggesting that there is a need to reintroduce tax on superannuation for over 60s as a way to help raise revenue. They tend to state it simply that way without explaining how it actually works. It is only tax free if tax has already been paid on it. In my case, because of the current arrangements, about half of my superannuation payment is taxable. That comes about because I made additional superannuation payments from my salary after my gross salary had already been taxed. If that part of my superannuation was taxed, it would amount to double taxation. On the other hand my wife, who receives a similar amount, pays tax on the full amount of her superannuation. (Admittedly the tax isn’t large because our incomes aren’t large.) The point is that superannuation for over 60s is still taxable unless tax has prevously been paid, either by the indidvidual or the superannuation fund, on the amounts involved. It is the same principle as the “fully franked dividends” which are not taxed because the company paying them has made the dividend payments from its after-tax profit. But I don’t hear those same commentators arguing that we should go back to all dividends being taxed. I would be prepared to concede that there may be some on high superannuation incomes that have arranged their tax matters to take advantage of the rule, but changing it now will also impact those on modest superannuation. One size does not fit all and any government rule on taxation, and, indeed, welfare, will always see some taking advantage but if the rule benefits the many, then that is the normal cost associated with these sorts of decisions. (As a side note, the media, of course, always focuses on the few who take advantage, and if the Government then responds and changes the rules, the media focuses on how it will impact on the many. Always a lose-lose for the Government!!!)

nasking

9/05/2013 SUPERB INTERVIEW WITH PM GILLARD ON 612 ABC RADIO...SO PLEASED SHE FOCUSED ON BI-PARTISANSHIP, THE HELP FOR THE DISABLED AND SHOWED RESPECT FOR MARSDEN SHS STUDENTS, PRINCIPAL AND THE SCHOOL'S VOCATIONAL TRAINING AND EDUCATION ACHIEVEMENTS. PM GILLARD DEMONSTRATES SHE KNOWS HER ECONOMICS...AND KNOWS HOW TO POSITIVELY SPRUIK THE ECONOMY, MANUFACTURING AND COUNTRY. ROLE OF LOCAL GOVT RECOGNITION REFERENDUM SOUNDS GOOD...AS LONG AS WE DON'T HEAD DOWN THE ROAD OF THE USA WHERE SCHOOLS ETC OFT DEPEND ON LOCAL TAXES... SO LOWER SOCIO-ECONOMIC AREAS STRUGGLE TO FUND SCHOOLS, FIREMEN AND SO ON WHILST WELL-OFF AREAS BENEFIT... AND FEDERAL REPUBLICANS CONSTANTLY VOTE TO UNDERMINE FEDERAL GOVT ASSISTANCE TO THOSE STRUGGLING POORER SCHOOL AREAS. N'

nasking

9/05/2013 I SHOULD HAVE ADDED AN IMPORTANT AREA TO MY COMMENT ABOVE: THE INSIDIOUS AND MALIGNANT CANCER THAT IS THE PRESENT EVER-DISTRACTING CORPORATE RAMPANT CAPITALIST FREE BUT NOT FAIR TRADE SYSTEM ENSURES THAT IT USES THREATS TO WORKERS' LIVELIHOODS TO KEEP ITS CRUDDY SYSTEM GOING...IT HAS INFILTRATED OUR PUBLIC BROADCASTERS, CABLE TELEVISION, HUFFINGTON POST, OUR BOOKS, TV SHOWS, GAMES, [b]SPORTS[/b], MOVIES, MAGAZINES, POLITICIANS... [b]SPORTS INDEED. CORPORATISED TO THE POINT OF ALMOST UNWATCHABLE. THE RAMPANT BETTING ASPECT GROTESQUE. [/b] [b]ABUSE OF PERFORMANCE ENHANCING DRUGS NOT SURPRISING AS ATHLETES DESPERATELY COMPETE FOR THE CORPORATE SPONSORSHIP DOLLARS.[/b] [b]= HOLLOW SPORTS[/b] N'

Tom of Melbourne

9/05/2013I see Lyn has linked the strange post on asylum seekers at AIMN. It's strange because it is all about blaming Abbott and the Catholic Church. It makes no mention of the political and ethical dishonesty of Gillard. It bordes on desperate incoherence. The post randomly flays around trying an extreme 'look over there'. Are contributors here, or at AIMN, dull enough to fall for it?

nasking

9/05/2013 THE PROBLEM WITH TRANSFERRING TOO MUCH FUNDING RESPONSIBILITY TO LOCAL GOVT: [quote]Funding for schools in the United States is complex. One current controversy stems much from the No Child Left Behind Act. The Act gives the Department of Education the right to withhold funding if it believes a school, district, or even a state is not complying with federal plans and is making no effort to comply. However, federal funding accounts for little of the overall funding schools receive. The vast majority comes from the state government and in some cases from local property taxes. Property taxes as a primary source of funding for public education have become highly controversial, for a number of reasons. First, if a state's population and land values escalate rapidly, many longtime residents may find themselves paying property taxes much higher than anticipated. In response to this phenomenon, California's citizens passed Proposition 13 in 1978, which severely restricted the ability of the Legislature to expand the state's educational system to keep up with growth. Some states, such as Michigan, have investigated or implemented alternate schemes for funding education that may sidestep the problems of funding based mainly on property taxes by providing funding based on sales or income tax. These schemes also have failings, negatively impacting funding in a slow economy. One of the biggest debates in funding public schools is funding by local taxes or state taxes. The federal government supplies around 8.5% of the public school system funds, according to a 2005 report by the National Center for Education Statistics. The remaining split between state and local governments averages 48.7 percent from states and 42.8 percent from local sources.[citation needed] However, the division varies widely. In Hawaii local funds make up 1.7 percent, while state sources account for nearly 90.1 percent. Rural schools struggle with funding concerns. State funding sources often favor wealthier districts. The state establishes a minimum flat amount deemed "adequate" to educate a child based on equalized assessed value of property taxes. This favors wealthier districts with a much larger tax base. This, combined with the history of slow payment in the state, leaves rural districts searching for funds. Lack of funding leads to limited resources for teachers. Resources that directly relate to funding include access to high-speed internet, online learning programs and advanced course offerings. These resources can enhance a student's learning opportunities, but may not be available to everyone if a district cannot afford to offer specific programs.[/quote] WIKIPEDIA WOULDN'T ABBOTT AND THE COALITION LOVE TO CREATE THAT KIND OF FUNDING NIGHTMARE?... WHEREIN DURING ECONOMIC DOWNTURNS STRUGGLING AREAS CANNOT FUND LOCAL SCHOOLS PROPERLY...END UP RELYING ON DICTATORIAL FEDERAL FUNDING SCHEMES BY AN ABBOTT GOVT THAT CAN DETERMINE SCHOOLS THAT DON'T LIVE UP TO THEIR RIGID, RIGGED CRITERIA ARE 'FAILING SCHOOLS'... SAID SCHOOLS HAVE MANAGEMENT AND EDUCATORS SACKED AND SOME REHIRED ON LESS WAGES...WORSE CONDITIONS...MANY SCHOOLS CLOSED AND STUDENTS SHIFTED TO PRIVATE, INDEPENDENT, RELIGIOUS AND CORPORATE SCHOOLS... IN SOME STRUGGLING SCHOOLS EDUCATORS HAVE THEIR HOURS DRASTICALLY REDUCED DUE TO LACK OF FUNDING BY STRUGGLING LOCAL COMMUNITIES...TERRIBLE FOR STUDENTS... PRESSURES ON PROPERTY TAXES CAN SEE HOME OWNERS FINANCIALLY DAMAGED AND EVEN LOSING HOMES. GROTESQUE. BEWARE THE CORPORATISATION OF OUR SYSTEM BY WAY OF SO CALLED 'GOODWILL MEASURES'. BY CREATING A NATIONAL TESTING REGIME AND MYSCHOOL ONLINE SITE, SHIFTING MORE POWER TO PRINCIPALS, SHIFTING EMPHASIS TO LOCAL FUNDING THIS GOVT HAS TO BE AWARE IT MIGHT INADVERTENTLY BE HANDING THE POWER TO A FUTURE COALITION GOVT TO UNDERMINE PUBLIC EDUCATION AND TEACHER UNIONS AS NEGOTIATORS & PROTECTORS. N'

Jason

9/05/2013Are contributors here, or at AIMN, dull enough to fall for it? Tom of Melbourne I think this man had you in mind when he said this? “He is not only dull himself; he is the cause of dullness in others.” – Samuel Johnson

Tom of Melbourne

9/05/2013Conside the dishonesty in having an article on asylum seekers that refers to Abbott 9 times, and Gillard 0 times. Dishonest and dull. It is a typical example of 'look over there' from the usual suspects. Did you fall for it Jason?

42 long

9/05/2013Having just watched the "connection" to the Gillard/Albanese presentation FAIL several times and abc24 completely ruining something that would be advantageous for the government, and hearing of this happening on many other occasions, (but never when the LieNP are involved.) How CLEVER it would be to have these "failures" . Not only are the beneficial facts obscured, the Failure (Subliminally) is perceived as just another incompetent act by a government that can't get it's message out and can't do ANYTHING right. Just coincidence Yeah sure...Who trusts the abc in political matters? NOT ME!.

nasking

9/05/2013 POSITIVE NEWS FOR THE GOVT...UNDERMINING THE COALITION AND MAINSTREAM MEDIA (MSM) FEAR-MONGERS: The unemployment rate has confounded most economists by falling from 5.6 to 5.5 per cent. The Bureau of Statistics labour force survey estimates that 50,100 jobs were added in April, with 34,500 full-time positions and 15,600 part-time jobs created. Economist forecasts in a survey by Bloomberg centred on only 11,000 jobs being created which was expected to leave the jobless rate steady at 5.6 per cent. The fall in unemployment came despite an increase in the proportion of the population in work or looking for it, with the so-called participation rate rising from 65.2 to 65.3 per cent. http://www.abc.net.au/news/2013-05-09/abs-employment-figures-april/4679182 :D N'

Pikiranku

9/05/2013Nasdking I share your concerns about handing too much control over schools to local authorities and/or school principals. As a former teacher of Indonesian in a time and an area where it was considered irrelevant by most of the local community and even a bit radical or subversive by some, I only had the job because of the enthusiasm of some parents and an education department which was well ahead of most of the others. Sometimes education authorities and governments need to show leadership and take their communities forward with them, not trail along behind. Whilst parents and their views are important, systems which are totally limited by the experience and vision of parents can stagnate. In these days of resurgence of Christian fundamentalism there might also be a danger of a repetition of the Scopes Monkey Trial or the situation whch led to it, where creationists are able to determine the way in which science is or is not taught in their local state school. Particularly if they happen to have the support of the school principal.

Pikiranku

9/05/2013Oops, sorry Nasking! Don't know where that darn 'd' came from!

Catching up

9/05/2013IR policy being released by Abbott. Due now on ABC 24. We will now see, I hope, how one makes the workplace more flexible. Interested to see how he deals with productivity, which by the way is improving without his help. Erica Abetz, minister. Second policy to be released this year.

nasking

9/05/2013 [b]In these days of resurgence of Christian fundamentalism there might also be a danger of a repetition of the Scopes Monkey Trial or the situation whch led to it, where creationists are able to determine the way in which science is or is not taught in their local state school. Particularly if they happen to have the support of the school principal.[/b] INDEED PIKIRANKU, I HAVE FOUND AND HEARD THAT IN SOME AREAS YOU CAN GET VERY DOMINEERING EVANGELICAL ETC PARENTS WHO PUSH PRINCIPALS ALREADY RELIGIOUSLY INCLINED TO GO WITH NONSENSE SCIENCE...PERMIT RELIGIOUS PONTIFICATORS TO INFILTRATE MANY ASPECTS OF PUBLIC SCHOOLS... OTHER PARENTS WAKE UP TO THIS BULLYING AND INSIDIOUS TAKEOVER OF SCHOOL...BUT THE DUMBING DOWN PROCESS HAS BEGUN...THE UNDERMINING OF RATIONAL THINKING AND USEFUL PRACTICAL SCIENCE AND SOCIAL SCIENCES. IT'S A NIGHTMARE IN THE USA...USED OPPORTUNISTICALLY BY THE LIKES OF RUSH LIMBAUGH, FOX NEWS AND THE REPUBLICAN MACHINE. DARK AGES STUFF...CREATED TO DISTRACT FROM THE CORPORATE PLUNDERING, MONEY FLOODING UPWARDS, USE OF GOVT TO FILL POCKETS OF WAR-MONGERERS AND ARMAMENTS' COMPANIES AND RELIGIOUS ABUSES. AND TO BRING INTO SCHOOLS IDEAS THAT PUT ANIMAL WELFARE LAST DUE TO NOTION THAT WE ARE NOT CONNECTED VIA THE EVOLUTIONARY PROCESS, THAT THEY EXIST THNX TO GOD WANTING US TO HAVE A BIG FEED... AND YOUNG PEOPLE ARE URGED TO NOT HAVE SEX...NOR USE PROTECTION...KNOWING FULL WELL THAT ABSTINENCE WILL BECOME UNBEARABLE...THE SEX EVENTUALLY HURRIED, UNPROTECTED AND GUILT RIDDEN...LEADING TO MORE POOR SINGLE MUMS AND PARENTS WHO BECOME SLAVES TO DEBT, AFFORDABLE CHEAP WORKERS, UNEDUCATED AND ADDICTED TO CHEAP TOXIC PRODUCTS FOR LIFE...POSSIBLY DESPERATE TO JOIN MILITARY TO MAKE A SECURE WAGE...FIGHTING FOR THE RICH IN THEIR CHRISTIAN CRUSADES & FOREVER WAR. AND PREY THRUOUT THEIR SAD DESPERATELY STRUGGLING LIVES FOR THE CHURCHES...AND THEIR INCREASINGLY PROFITEERING PASTORS. IT'S GROTESQUE. N'

Catching up

9/05/2013New buzz words. individual flexibility arrangements. How does that differ from the old one, that was thrown out by first the voter, then the Labor government. Into motherhood statement, in galore. Abetz, says there is no need for unions to run a campaign in this election. Who says so?

nasking

9/05/2013 TONY ABBOTT PICKED JOE HOCKEY TO BE HIS SHADOW TREASURER: [b]Hockey defends criticism of WorkChoices study[/b] http://www.abc.net.au/7.30/content/2007/s2049308.htm N'

nasking

9/05/2013 It is a matter of record that Joe Hockey, along with his Coalition colleagues, voted against the Gillard Government’s Workplace Gender Equality legislation. http://juliecollins.fahcsia.gov.au/node/348 HMMM... N'

nasking

9/05/2013 [quote]WE WILL BE A GOVERNMENT OF THE SENSIBLE CENTER[/quote] CLAIMS ABBOTT... THE LEADER OF AN OPPOSITION WHO ADDRESSED A CRAZED ANTI-CARBON PRICE RALLY THAT USED 'DITCH THE WITCH' PLACARDS. LOTTA BS METHINKS. THIS IS THE MURDOCH, MINING BARON ABBOTT...AND IPA LOVER. SENSIBLE CENTER MY ARSE. N'

nasking

9/05/2013 TONY ABBOTT PICKED JOE HOCKEY: The Australian newspaper reported yesterday that Mr Hockey had opened the door to an increase in the rate of the GST, unchanged at 10 per cent since it was introduced by John Howard in 2000. Read more: http://www.smh.com.au/opinion/political-news/hockey-denies-coalition-rift-over-gst-20120722-22hp1.html#ixzz2SlNYxR9I N'

nasking

9/05/2013 NOTICE THE USELESS PRESS DON'T GET STUCK IN...NO REAL SCRUTINY...FEW FOLLOW-UPS...SOFTBALL QUESTIONS GENERALLY. USELESS. DO THEY REALLY THINK THAT ABBOTT DIDN'T PUT HIMSELF IN THE ANTI-WORKCHOICES POSITION ON PURPOSE ALL THOSE YEARS AGO TO DUPE THE VOTERS...? I HEARD FROM FRIENDS OF A CERTAIN SUPREME COURT JUDGE THAT ABBOTT WAS CAREFULLY BEING GROOMED FOR LEADERSHIP YEARS AGO. IS IT ANY COINCIDENCE THAT GST AND WORKCHOICES COSTELLO IS FLYING AROUND EVERYWHERE TALKING ABOUT DEBT? WHY WOULD HOCKEY WHO HAD TO SELL WORKCHOICES UNDER HOWARD BE PUT IN AS TREASURER. SO MUCH BS. LAID ON THICK... IT'S IN THEIR DNA. N'

Truth Seeker

9/05/2013Nas, spot on, they are just full of it! Cheers :-)

nasking

9/05/2013 TRUTH SEEKER...DON'T WE KNOW IT... YA CAN SEE IT IN THEIR HISTORY...BY THEIR THINK TANKS...BY THEIR MEDIA AND BUSINESS SUPPORTERS...IT'S IN THEIR EYES...AND UNSURE, WOBBLY WAY OF SPEAKING...LIKE SHONKY SECOND HAND CAR SALESMEN...AND SNAKE OIL SALESPERSONS... SOFTLY SPOKEN SCUMBAGS...WHO SOMETIMES LOSE IT...RANTING AND RAVING. THE COALITION COME BEARING DUNG. N'

42 long

9/05/2013Abbott is a person of many facets. His rhetoric is tailored to the audience and the occasion. One could look at him today and wonder IF it was the same Tony Abbott we have witnessed for years doing the longest dummy spit in history over his being denied the government he reckoned he was destined for. Why can I not trust him? Two big reasons. The sort of person he has shown himself to be and the supporters of his side of politics to whom he owes a great debt. They will want their pound of flesh and the "attack dog" they have PAID for in hard cash in many instances and with a shielded from reality run through the press. He is THEIR man. The best PM money can buy.

nasking

9/05/2013 THE REASON RALLY: [b]The Reason Rally[/b] was a rally for secularism and religious skepticism held on the National Mall in Washington, D.C. on March 24, 2012. The rally was sponsored by major atheistic and secular organizations of the United States and was regarded as a "Woodstock for atheists and skeptics". Speakers and performers included biologist Richard Dawkins, musician Tim Minchin, MythBusters co-host Adam Savage, actor-comedian Eddie Izzard, Paul Provenza, PZ Myers, Jessica Ahlquist, Dan Barker, and magician James Randi, among others. The rock band Bad Religion performed and other notables (Rep. Pete Stark, Sen. Tom Harkin, comedian Bill Maher, magician Penn Jillette) addressed the crowd by video link. Participants recited the Pledge of Allegiance, deliberately omitting the phrase "under God", which had been added by the U.S. Congress in 1954. Veterans of the U.S. Armed Forces were represented, and a retired Army colonel, Kirk Lamb, led veterans in an affirmation of their secular military oaths. Speakers urged those assembled to contact local and national representatives and ask them to support church-state separation, science education, marriage equality for gays and lesbians, and ending government support of faith-based organizations, among other causes. Writing for The Guardian Sarah Posner states that the Reason Rally was modeled on the LGBT movement. Encouraging people to 'come out' about their non-belief. Work to humanize atheism by getting "people to personalize someone they'd always thought of as an 'other'" Once people realize that their neighbor, co-worker or family member is an atheist it goes a long way towards acceptance. Politics played a large part of the Rally according to Posner, considering that there is only one openly atheist American Congressperson, there is a lot of work to still be done. http://en.wikipedia.org/wiki/Reason_Rally GOOD STUFF. N'

Truth Seeker

9/05/2013NAS, "THE COALITION COME BEARING DUNG" LOL :-) 42 long, "The best PM money can buy" sums it up perfectly. We know who bought him, we just don't know what the cost will be, only that there WILL be a cost! Cheers :-) :-)

nasking

9/05/2013 [b]Why can I not trust him? Two big reasons. The sort of person he has shown himself to be and the supporters of his side of politics to whom he owes a great debt. They will want their pound of flesh and the "attack dog" they have PAID for in hard cash in many instances and with a shielded from reality run through the press. He is THEIR man. The best PM money can buy.[/b] SPOT ON 42 LONG ABBOTT CANNOT BE TRUSTED THAT PIC OF HIM KNEELING BEHIND MURDOCH AND RINEHART AT THE LIBERTARIAN THINK TANK IPA DINNER TOLD US HEAPS ABOUT WHO HIS MASTERS TRULY ARE. HE AND SHE WHO MUST BE OBEYED. N'

Catching up

9/05/2013The Abetz we seen this day, is one I have never seen before. Cannot help but think, the one on display, every day in the senate in the real one.

42 long

9/05/2013Atheism is not a dark force. Recognising that it is the state one is in ( eventually) IS like coming out( I would imagine). Finding out that a person who you have dealt with for a long time, is a non theist can be very pleasant and comforting. Many atheists don't mention their state of mind for fear of offending theists and don't want to make a fuss. The assumption that only god fearing people are "GOOD" is the greatest BS out there. Many "theists" act from self interest and just want their "souls?" to be eternal. To have creationism the first thing that must be done is create god. What form of society could be more horrific than a religious totalitarianism? Dog preserve us from that fate.

nasking

9/05/2013 MEMORIES: [b]Murdoch, Abbott, Rinehart, Bolt: Tory-fest in Melbourne tonight[/b] APR 04, 2013 CRIKEY, The leading lights of Australia’s Right-leaning power clique are converging on Melbourne for a gala dinner tonight: from Rupert Murdoch to Andrew Bolt and, of course, Tony Abbott. Read about the big do here. Interested in morning tea with former PM John Howard, Opposition Leader Tony Abbott, conservative shock jock Alan Jones and Oz columnist Janet Albrechtsen? Then you’re in luck! The IPA is holding a gala dinner in Melbourne tonight with Rupert Murdoch as keynote speaker, and the morning tea is up for auction. Australia’s Right-leaning luminaries from politics, business and the media will converge on the National Gallery of Victoria for tonight’s big do, being held to mark the 70th birthday of the IPA. Crikey would love to put in a bid, but sadly there’s no room for us at the ball — tickets are sold out and the IPA rejected our request to attend and cover Murdoch’s speech. So Cinderella Crikey will be sweeping the steps outside. http://www.crikey.com.au/2013/04/04/murdoch-abbott-rinehart-bolt-tory-fest-in-melbourne-tonight/?wpmp_switcher=mobile [b]WORKPLACE FLEXIBILITY = BEND OVER WOMEN AND AVERAGE WORKING MALE...ABBOTT'S RICH MASTERS GONNA SCREW YA[/b]. N'

Catching up

9/05/2013Shorten to respond to Abbott's IR policy.

Catching up

9/05/2013Productivity reviews in any agreement, Does that remind one of the Accord. I so believe that Abbott would love to ignore IR policy. What I do not believe, is the likes of Abetz and the IPA are willing to allow him to do so. By the way, Abbott gas union friendly credentials. Belonged to a union at one time. Well one had to, to be a journalist, I believe. Was not a journalist for long though.

42 long

9/05/2013All that TALENT??? in one space. Could one imagine the loss to the world IF they did not exist? I'd be flat out keeping the smile from my face for years. Judge each of them by the company they keep. Schemers and plotters suffering from a superiority complex. Compulsory climate change deniers area.

42 long

9/05/2013IA have a meeting at Jimmy Watson's tomorrow afternoon into the evening. I'd rather trust the world with people like will be there.

nasking

9/05/2013 NOTICED ABBOTT USED WORD 'INCREMENTAL'...JOHN HOWARD USED THAT WORD A LOT TOO...AND LOOK WHERE HE TOOK US: In December 1977, at the age of 38, Howard was appointed Treasurer. During his five years in the position, he became an adherent of free-market economics, which was challenging economic orthodoxies in place for most of the century. He came to favour tax reform including broad-based taxation (later the GST), a freer industrial system including the dismantling of the centralised wage-fixing system, the abolition of compulsory trade unionism, privatisation and deregulation. In 1978, the Fraser government instigated the Campbell Committee to investigate financial system reforms. [b]Howard supported the Campbell report, but adopted an incremental approach with Cabinet, as there was wide opposition to deregulation within the government and the treasury.[/b] The process of reform began before the committee reported 2½ years later, with the introduction of the tender system for the sale of Treasury notes in 1979, and Treasury bonds in 1982. Ian Macfarlane (Governor of the Reserve Bank of Australia, 1996–2006) described these reforms as "second only in importance to the float of the Australian dollar in 1983." In 1981, Howard proposed a broad-based indirect tax with compensatory cuts in personal rates; however, cabinet rejected it citing both inflationary and political reasons. [b]After the free-marketeers or "drys" of the Liberals challenged the protectionist policies of Minister for Industry and Commerce Phillip Lynch, they shifted their loyalties to Howard. Following an unsuccessful leadership challenge by Andrew Peacock to unseat Fraser as prime minister, Howard was elected deputy leader of the Liberal Party in April 1982. His election depended largely on the support of the "drys", and he became the party's champion of the growing free-market lobby.[/b] SKIP THRU TIME: [b]In 2006, with the government now controlling both houses of parliament for the first time since the Fraser era, industrial relations changes were enacted. Named "WorkChoices" and championed by Howard, they were intended to fundamentally change the employer-employee relationship. Opposed by a broad trade union campaign and antipathy within the electorate, WorkChoices was subsequently seen as a major factor in the government's 2007 election loss.[/b] BE MUCH LESS INCREMENTAL WITH ABBOTT... NO COINCIDENCE THAT BUSINESS GROUPS ACTING LIKE THEY ARE DISAPPOINTED WITH ABBOTT...TRYING TO DUPE VOTERS...AND GIVE OPPORTUNITY LATER FOR ABBOTT TO MOVE FURTHER TO RIGHT... THINK OF THE WHOLESALE ATTACK ON UNIONS BY MSM...AND UNDERMINING OF UNION POWER BY LNP STATE GOVTS AND BY SOME COMPANIES VIA COURTS. WON'T BE FAR FOR HIM TO GO...WITH CORPORATE MEDIA AND STATES BEHIND HIM. GAMES BUSINESS AND LIBS PLAY EH? LIKE AUSTRALIAN CHAMBER OF COMMERCE AND IPA TYPES. N'

nasking

9/05/2013 BRILLIANT BILL SHORTEN...BRILLIANT!!! HIT IT FOR SIX, VERY IMPRESSIVE. N'

Ken

9/05/2013I noted that Abbott promised to create 2 million new jobs within a decade (optimistic that he would be there that long) - but do the math. At present, jobs growth is running at about 250,000 per year = 2.5 million in 10 years (does that mean he's going to lose 500,000 jobs). Even on lower realistic long term growth, we can still expect something like 15,000 new jobs per month = 180,000 new jobs per annum = 1.8 million in 10 years. Which doesn't leave much for Abbott to do. Labor has created 960,000 jobs in 65 months, which is just under 15,000 per month in a period that included the GFC, and the current problems in economies around the world. In other words, Abbott's promise of 2 million new jobs is nothing but the status quo - whoever is in power will achieve at least that much by doing nothing!!

nasking

9/05/2013 THINK PART OF THE COORDINATED LNP STATE & FEDERAL AND MEDIA AND CORPORATE BUSINESS STRATEGY IS TO DUPE UNIONS INTO OVERREACTING AND STRIKING TOO MUCH ETC...BY WAVING RED FLAG AT THEM... DON'T FORGET MURDOCH VIA PAPERS IN UK DURING THATCHER YEARS WAS EXPERT AT WORKING WITH POLICE, POLLIES, COMPANY DIRECTORS, TRAITOR WORKERS, TRAITOR UNIONISTS AND OTHER CONSERVATIVE MEDIA TO GET UNIONS RILED UP...GET THE PUBLIC SCARED AND FRUSTRATED...BEAT FOR INSTANCE COAL MINING UNIONS. UNIONS NEED TO BE CAUTIOUS. ALWAYS BENEFITTING THE PEOPLE. THINK BERNIE BANTON. NOT LOOKING ANTAGONISTIC, LIKE THEY ARE UNDERMINING JOBS AND ECONOMY. NOT IMPEDING NECESSARY REFORMS. COMPROMISE. BUT FIRM. PASSIONATE...NOT AGRO. THE MSM WILL TAKE ANY SITUATION AND TRY TO MAKE IT LOOK NEGATIVE. PUT SPIN ON IMAGERY ETC. N'

nasking

9/05/2013 CLINTON PUT UP TAXES ON RICH AND CREATED MILLIONS AND MILLIONS OF JOBS. N'

nasking

9/05/2013 TICK TOCK... N'

nasking

9/05/2013 WATCHING SKY NEWS OFTEN FEELS LIKE I'M WATCHING SCRIPTED THEATRE. SPEARS IS HILARIOUS...FAKE PREMATURE GREY HAIR AND ALL. SAME WITH CHANNEL NINE. :D N'

nasking

9/05/2013 PETER ANDERSON SAYS WITHOUT SINCERITY THAT ABBOTT LIB POLICY "NOT AMBITIOUS"...REAL NEEDED REFORMS "PUT OFF INTO THE NEVER-NEVER" BWA HA HA... SUCH AN OBVIOUS PERFORMANCE. TRYING TO MAKE ABBOTT AND POLICY LOOK SOFT AND MODERATE. TRYING TO MANUFACTURE PERCEPTION TO DUPE VOTERS. WHAT THEATRE!!! LIKE A BAD PLAY. PLEASE EXIT STAGE RIGHT. N'

nasking

9/05/2013 SHOULD BE: [b]PETER ANDERSON SAYS WITH SINCERITY OF A DODGY SALESMAN THAT ABBOTT LIB POLICY "NOT AMBITIOUS"...REAL NEEDED REFORMS "PUT OFF INTO THE NEVER-NEVER.[/b]

nasking

9/05/2013 ACTU'S GED KEARNEY DID A GOOD JOB RESPONDING TO DAVID SPEARS MORE INTERRUPTIVE AND SPARRING APPROACH TO INTERVIEW THAN HE WAS WITH PETER ANDERSON. SHOWS SPEARS BIAS. A MURDOCH HACK NOT TO BE TRUSTED...A CORPORATE SUIT DRESSED TO KILL. PRETENCE OF BALANCE. MR. GREY MATURE...WORKING 24-7 FOR THE OVERLORD. N'

nasking

9/05/2013 NOW RELIABLE CONMAN PETER HARTCHER AND MURDOCH PUPPET PLAYING MODERATE CUDDLY MALCOLM FARR PUTTING ON THE SPIN. N'

Bilko

9/05/2013This ABC picture of Abbort & Erica rounding the corner has Abbort striding into the breech as come the 500-498, whilst Erica looks out for baseball welding union heavies http://www.abc.net.au/news/image/4679868-3x4-340x453.jpgwary what a pair of w***kers

nasking

9/05/2013 THE BIG CON IS TRYING TO MAKE ABBOTT LOOK DLP...NOT TAKING POLICIES TO CABINET...BULLCRAP! THIS IDEA THAT ABBOTT IS GOING ROGUE IS HILARIOUS...THESE LIBS ARE CONTROL FREAKS AS ARE THEIR CORPORATE MASTERS. ABBOTT'S ON LEASH...THE ROGUE BIT IS PRETENCE. TO LURE VOTERS IN...MAKE THEM THINK ABBOTT IS NOT A TYPICAL LIB MEANSTER INCREMENTALLY BRINGING IN WORKERS' HELL. NO LONGER EYES WIDE SHUT. THE PPL IS A RUSE TOO. TO MAKE ABBOTT LOOK MORE LEFT. AND DIFFERING FROM THE LIB HARDLINERS LIKE HAWKE AND REITH. BLOODY FUNNY GAMES...BUT LAST LARF WILL BE ON COALITION. N'

Patriciawa

9/05/2013Hi Lyn, AA, Nas, TT and everyone! I'm a bit late with my [i]'women of calibre'[/i] pome in response to TT's eloquently brief few lines yesterday, cos I was catching up on my sleep. Apologies to Lyn for pressing PUBLISH instead of PREVIEW in the wee small hours yesterday, and though I appreciated waking to find you thought it good enough to link, I wasn't happy with it until I finished off this version for Miglo at the Cafe just now. As usual TPS gets the pome, but the post at the Cafe has illustrations and notes too. I hope it cheers Migs up, he's not at all well these days. [b]“You Son of a Gun, Tony!” Or “What Has That Bastard Said Now?”[/b] Tony sticking to his guns! Thanks to Alan Moir for permission to use his cartoon While throughout Australia most folk are in bed, Tony Abbott is fretting over something he said. Not “When you deliver, you’ll be fully paid.” That is a promise he’s knows can’t be unmade. Journos are crowing over lines they’ve been fed. There’s even a ‘libber,’ not easily led, Loves his planned six months paid maternity leave. His polling’s improved like you wouldn’t believe. The Labor scheme – for rich, poor, married, unwed - All the same, even career gals powering ahead. What Gillard has given they think no big deal Because Abbott’s offering has far more appeal. But those on the right think his plan’s far too red, A shiver of doubt through some Liberals has spread. They’ve told their dear leader that he must facts - For businessmen levies are worse than a tax. His IPA ‘mates’ want the policy shed. “Close to Rupert now, Tony! Watch how you tread!” Peta’d said firmly, with her usual advice, “ Before you open your mouth, please, please, think twice!” In Canberra now, wide awake, not abed, Tony paces his room, feeling