What's what?
Our Federal politicians' listings of personal assets seem to include an awful lot of investment houses.
Good question Stu,who are they serving? obviously not the people of Australia so whats the bottom line in all this from both major parties,cant all be about ego...or can it.
Turnbulls biggest identity issue - Who do they serve? Howard at least managed to connect with the battlers to some degree but Turnbull has no chance of distancing himself or his government from the point piper latte' elite.
And the chart for top ten electorates for negative gearing (net rental loss) also explains why they're reluctant to touch that aspect of housing affordability:
Increasingly we're told that left and right politics is redundant but on this topic it's still entirely relevant, and that means the Liberals risk losing many of the aspirationals if they cant effectively campaign on the issue. While they rearranged deckchairs on the titanic non-entity of 18C, housing affordability and the risk it poses to the wider economy has been recklessly ignored.
Scot Morrison formerly worked for the Property Council of Australia, number one lobby group for the speculators so that also explains a lot.
His language on ABC radio this morning was very interesting/alarming; I'm thinking they are absolutely shit scared the brown matter is about to hit the fan.
Nicely done Stu, just worked backwards on those figures assumed 52 weeks at $400 rent plus $10k in extras is about $30k. Add the $15k loss means total interest of $45k for the ones with a net rental loss of $15k in the chart.
If interest is 5% then the cheapest rental loss listed above has a minimum loan balance of $900k for their investment property/properties.
We have buckleys chance of fixing this issue as long as the front-benchers are governing for themselves and their electorates rather than the nation, and it seems none of those electorates represent the reality of most Australians.
This may belong in the house price forum, but to what extent do you reckon Australia will be rooted if / when the housing bubble bursts ?
Are we talking bank closures ?
I think the Australian bank deposits may all be guaranteed by the government, not to mention people can't just hand the keys back here like in the US so it wouldn't be as brutal as what we saw in the US. But who really knows? How many bad debts would it take to cripple a bank? Plenty of moving parts and pretty hard to predict what desperate government/banks/people will do.
It would be a pretty bitter pill for the public to swallow if we had to bale out any of the big 4 after being fisted by them for decades.
What about this Gaz ?
http://cecaust.com.au/releases/2016_04_28_Treasurer.html
$20B deposit guarantee for each bank - even though all 4 majors have over $200B in deposits ?
Window dressing ?
"Andrew Robb", Stu???? Pretty old list..... Wonder what it is now.
Really take this article in..... I mean, really digest it.... When you do, think about the fake attempt by Turnbull to sign an extradation treaty with China recently.. he knew it would be defeated....
Things are soooooooo corrupt in Australia at the moment... It beggars belief.... Not just the Libs... Labor are up to their eyeballs in this too.
http://www.malaysiaoutlook.com/corruption-in-australia-beyond-casinos-an...
Well oil beef hooked Blowin, 5% capital requirement is woefully low and a $20 bil guarantee is chicken feed so it sounds like the Ponzi scheme is sealed. If the gov tried to prop up one single bank it would likely send the nation down the shitter. I've always found Alan Kohler to be one of the better informed of the market speculators so I give weight to his comments too.
Sheepy the amount of cashola state & fed governments have tied up in gambling in Australia is sickening. They're all corrupt and drunk on other peoples misery as far as gambling royalties goes.
I must admit when I read comments from the Chinese government saying Australian governments are owned by business & Russian hackers saying our judges & cops are all corrupt my internal propaganda alarm starts to warm up a bit. I'm sure there's plenty of power-tripper's but there's corrupt-aussie-judge-lets-son-off-drink-driving and then there's corrupt-russian-judge-throws-journalists-in-the-gulag. Very much pot calling the kettle black.
I'd be very interested in seeing more on the Abbott/Gillard governments donating $88m-$340m to Hillary Clients Global Initiative though.
Is it just me and my circle of family and friends but we are absolutely feed up, no more like white hot angry, with all the bullshit, stalling and excuses to do nothing worthwhile in politics. I'm taking not for the good of the party but for the good of the people and the country, and not just now but in 10 or 20 or 50 years. When just about every peak business group and statutory authority are screaming out for action on climate, power, housing, taxation etc etc and all we get is spin and lies. The consensus with the people I know is that Australia was and still is a great country up its going backwards quickly. We all deserve better.
USA has just launched cruz missile strike on syria. Breaking on abc24
Crazy shit sheepdog. Next question we're all wondering - will Syria/Russia attack US assets in the same fashion?
Syria has not got the capacity, gaz.... What gets me is that the gas attack by assad is now a "given" by the media, Turnbull, Shorten etc..... Where's the proof? Could've easily been ISIS... Could've released the toxin during a standard attack.... I mean Isis is getting flogged.. This could be a get out of jail distraction.... Assad cant strike them from the air now...
Not one reporter asked Turnbull at the presser "so you have proof it was Assad"....... Not one......
Weapons of mass deception......
Lets not forget the CIA....shhhhh
Good chance we'll never know with any certainty who was responsible for the most recent gas attack in Syria. Could be Assad but although he's clearly a nasty bastard he's not stupid, was there any military gain from the attack?
It's unlikely Trump and his advisors know or care, this is his 'red line' and after being critical of Obama for not acting when Assad crossed it previously he was always going to react. Time will tell whether bombing the airbase acts as a deterrent and encourages Assad to negotiate, if it does there'll be more 'what if' questions about Obamas inaction.
For the rebels, whether responsible or not they now know that they can provoke a US military strike against Assad with few questions asked.
plus ça change, plus c'est la même chose
https://consortiumnews.com/2017/04/05/another-dangerous-rush-to-judgment...
is this proof that trump is just the reactionary nutjob we all (well nearly all) thought he was several months ago?
Hate to say it but things have been a bit quiet of late concerning arms sales so time to step it up,cant believe it took him that long to start something......George Bush-pig would be proud!
It also shuts up the "Trump and Putin are buddies" rhetoric from the dems....
Another thing... When Isis or any islamic organization go to war saying "allah", people lose their shit, and rightly so...... But we just saw Trump with his "god bless" and "pray" spin whilst bombing the bejesus out of a place...... Same imaginary sky spirit..... But the silence is deafening....
If only "our ABC" was as sceptical as the Swellnet forums - as usual, Australia's tame media toes the line.
With America's (and Australia's) previous form, a respectable media outlet should be very hesitant to jump on board so quick.
The ABC is finished as a credible source.
ABC's credibility has been lost for some time in many areas but not all. The accuracy of the gas attacks is coming from UN aid agencies on site medical groups. It seems the US has bombed a Syrian defence runway holding helicopters and planes used in the gas attacks. The Russians won't do anything. Assad is a loose cannon (excuse the pun) but the US have been supporting the 'rebels' whilst Russians Assad. Who looses - the Arabs.
Odd post Andy. I can only assume you read a different ABC article than I, as, referring back to it, the story is objective, reports on what happened, and also the justifications given - both from the UN, the US, as well as including "the Russian narrative" (i.e it's a set up)
Independent witnesses say the chemical attack was airborne and yet the Syrian rebels don't have planes. So it was either Assad or the Russians, and I mean, really, it ain't hard for the US to track any air movement in the region.
Reckon your assesment of the ABC is a bit harsh. It's only been 24 hrs since the Tomahawk strike. First the facts, later the analysis.
On a slightly different note, I can't believe anybody hasn't picked up on the 'look what's happening in Sweden' remark by Trump (which was met with ridicule) made less than two months go.
Prophetic, no?
Why does Vimeo take so long to load compared to youtube? any suggestions?
Who to believe? Who to believe?
"In war, truth is the first casualty"
Cui bono?
Maybe I was a bit harsh Stu but from my point of view, the ABC report I saw leans heavily towards "Assad definitely did it and the U.S. retaliated because it cares about the children".
The emphasis of the reports I've seen are clearly about the "barbarism" of the gas attack and the righteousness of the U.S. response.
Minor caveats such as "[b]ut a lot of other nations hedged their bets and said they needed to wait for an investigation" are buried towards the bottom of the article. We can clearly see where the emphasis of the article lies.
http://www.abc.net.au/news/2017-04-07/syria-strikes-why-did-donald-trump...
From a broader point of view, compare the language presented to us in reports like this to the language in reports about American misdeeds (if we receive them at all).
It's all down hill from here.
Re-vamping the axis of evil. It'll be interesting to see what China decides to do regarding the US & Kim Jong Dickhead now that it actually has to act rather than just put blind rhetoric out there for the masses.
Fong, bit of strange comment re prawns. As a prawner in Yamba, you have got it wrong. Have a look at -
https://www.daf.qld.gov.au/animal-industries/animal-health-and-diseases/...
Interesting point tho about Barnaby's qualities as an agriculture minister. In SA we have fruit fly outbreaks being ignored, wild dogs inside the dog fence slowly moving south towards sheep & cattle country and prime ag land being sold overseas or flogged for windfarms and mining.
If we ever needed a national plan on anything its agriculture.
Oh the hypocrisies of thee brave 18C warriors. The righteous defenders of Voltaire's maxim, so vocal when it's one of their own, so silent when it's not.
Once and for all: 18C is about power dynamics. It has absolutely fuck all to do with 'freedom of speech'.
I did a few days on a prawn trawler in Morton bay once, it was early season so not much prawns so the bastards said they were only breaking even on fuel so i didn't get paid hence why i didn't do it longer.
And OMG what an eye opener as a recreational fisherman it was the sadness thing I've ever seen, the by-catch was crazy all kinds of things, crabs, shellfish, weird fish you have never seen and lots of small undersized flatheads and whiting etc and almost all of it went back out dead by the time the prawns were picked out.
Not to mention it's basically rapeing the seafloor as they drag chains to stir up the prawns from the mud into the nets.
Nearly put me off eating prawns.
indo, i saw commercial prawning off rockhamton (or maybe it was townsville) years ago, dragging the seabed and destroying everything. i've never eaten a prawn since. oh wait, i did eat school prawns i caught with a flashjlight and net at south west rocks a few easters ago. that was a good holiday.
Im far from a greenie type surfer.
If i vote below the line the Greens are one of the last parties id list and I'm not huge on environmental issues and i love meat i could never live without it and i general don't have a problem with commercial fishing.
It was the fisherman in me that was horrified, i love fishing and i eat what i catch but i do stick to size limits and catch limits but it's really quite pointless when you have trawlers pull up shit loads of by catch and then it goes back dead, should have see the dolphins they loved it they were following the boat ready for the free feed.
There is a difference between farming and sustainable fishing and something like trawling which has to be the most unsustainable forms of fishing ever, even long lining doesn't catch smaller fish or destroy the ocean bottom, trawling is like dynamite fishing on a large scale kills everything that can get caught in the net and destroys the ocean bottom.
This is just the start
Adani has an appalling environmental record in India and they need to be stopped before the fuck up here.
what a load of gaslighting bullshit fong. you're such a reactionary bad boy!
so you're happy with how prawns are commerically fished in queensland? then good for you. munch all the prawns you want . but you don't get to tell me what i like or eat, just as i don't get to tell you what you like or eat. simple principle that seems to have escaped your fascist brain.
oh yeah, i walked to the beach for my surf today, just like i did yesterday and the day before.
and i'm a farmer (well, the correct term is "grazier". a farmer is a person who crops. but townies like you wouldn't have a clue about that, we're all just farmers to you).
if you're in sydney you can see some of my merino rams in competition at the royal easter show.
Chook, how do we tell a good merino ? Big and thick wool ? Good stuff ...
Ethical business practice should be the norm in every industry in my opinion.
Personally, I liken using dragnets to lighting a bushfire just to catch a kangaroo but I still eat prawns all the same.
Shark attack fatality: Esperance
http://www.smh.com.au/wa-news/teenage-girl-dies-after-shark-attack-in-es...
It seems that the Turkish people have democratically voted for the dismantling of democracy in their country including heading towards a more fundamentalist version of Islamism.
You'd have to assume that it's a real turning point in that part of the world.
https://theconversation.com/erdogan-declares-victory-in-his-pursuit-of-o...
"Corbyn’s team has been hopeless at handling the media and managing his public image. This is a massive liability, but it also reflects a noble disregard for presentation and spin. Shouldn’t we embrace it? This was the licence granted to Gordon Brown, whose inept performances on television and radio as prime minister were attributed initially to his “authenticity” and “integrity”.
[The difference was] he had the confidence of the City and the billionaire press. This ensured that his ineptitude was treated as a blessing..."
THIS IS ALL A BIT RICH COMING FROM THE GUARDIAN...WHO HAVE VEHEMENTLY BEEN OPPOSED TO CORBYN FROM THE GET-GO. BUT...
"It would be foolish to deny or minimise these flaws [as defined by The Guardian!]. But it would be more foolish still to use them as a reason for granting May a mandate to destroy what remains of British decency and moderation, or for refusing to see the good that a government implementing Corbyn’s policies could do."
https://www.theguardian.com/commentisfree/2017/apr/25/vote-labour-jeremy...
There's always time to re-visit the book "Manufacturing Consent: The Political Economy of the Mass Media" by Herman and Chomsky.
Media Muppets.
Maybe the political / journalistic classes of the USA, UK and Australia need to read this as a mirror to their own situation rather than indulging in the continued handwringing and external finger pointing they are currently concentrating on.
https://www.theguardian.com/commentisfree/2017/may/01/emmanuel-macron-fr...
Macron as a centrist !
And to think that so many people spent hours of their lives decrying Murdoch's attempts at controlling the direction of politics and now are so strangely silent......because they believe that righteousness is on their side.
tb said: "Chook, how do we tell a good merino ? Big and thick wool ? Good stuff ..."
yep, it's all about the wool. but not thick wool. sheep wool has a crimp in it (it's wiggly). the wool with the smallest/finest crimp in it commands the highest price at auction -- it's used for the high-end italian suits. but you also want the wool to be long -- more wool on the sheep. there is trade off between the two. usually the finer the wool is, the less there is. so the best rams have very fine wool and lots of it. they are then sold to for breeding.
in the '80s my father decided to stop breeding for the ultra fine wool and instead breed for longer wool. that meant our wool didn't earn the absolute top dollar, but we had lots more wool and so earned more money.
when my father retired, my brother ditched that idea and now breeds for ultra fine wool (and tries to make it as long as possible ).
Been waiting for years to discuss superfine wool on this website. Our family started out around 18 microns or so and slowly brought it down to some bales in the 12-15 range. Used to love shearing time, trying not to get in the way, sweeping, sorting the fleeces, pressing bales...good memories. But, like your dad, once the ares fell out of the industry dad shifted to fat lambs, and sold the farm 5 years ago.
I was driving past a sheep farm on the way to Raglan last time I was in New Zealand and saw a farmer creeping up from behind on a sheep that had its head stuck in a hedge.
" You'd better be about to shear that !" I yelled out.
" Fuck you , I'm not sharing this with anybody ! " he shouted back.
You've got to realise that this is a joke that works way better with an oral delivery.
ah blowin, what about the Aussie ventriloquist who was "talking" to a Kiwi farmer's animals.
Punch line is the Kiwi farmer saying to the Aussie "don't talk to that lamb, she's a fucking liar".
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