Home > Economics - General > Monday Message Board

Monday Message Board

September 6th, 2010

It’s time again, once again, for the Monday Message Board. Post comments on any topic. As usual, civilised discussion and no coarse language.

Categories: Economics - General Tags:
  1. Michael of Summer Hill
    September 6th, 2010 at 11:17 | #1

    John, it seems the final result as to which major party will govern Australia boiled down to one issue, the NBN and the benefits flowing to country folks. Thank God sanity prevailed.

  2. Michael of Summer Hill
    September 6th, 2010 at 11:30 | #2

    For those interested in the latest news the Clean Energy Council has released an open letter signed by nineteen of Australia’s major energy retailers arguing that a carbon price is essential in meeting Australia’s emissions reduction target of 5 per cent below 2000 levels by 2020. They have my support. Thumbs up.

  3. pablo
    September 6th, 2010 at 13:00 | #3

    Yes Michael and I’ve just heard the CEO of Coal & Allied say (ABC RN) that they have known a carbon price was inevitable and they have factored it into their decision making for some time. I hope Kevin Rudd was listening.

  4. TerjeP
    September 6th, 2010 at 13:14 | #4

    Kevin did not faulted on a carbon price due to the fact that energy producers are already primed to pass on the cost. He faulted because he feared the voter backlash.

  5. TerjeP
    September 6th, 2010 at 13:16 | #5

    Faultered – damn spell checker.

  6. Ron E Joggles
    September 6th, 2010 at 13:21 | #6

    Faltered? @TerjeP

  7. TerjeP
    September 6th, 2010 at 13:40 | #7

    Thanks. ;-)

  8. September 6th, 2010 at 14:32 | #8

    Could it be possible that the Australian voters will come to like the minority government scenario? I don’t think another election is likely in this term. It has been quite a performance from the Liberals, in which the National Party has been very quite. I suspect that Nationals have huge problems with their base. Why are there three, or even two (if Kennedy is considered a special case), rural and regional seats held by Independents?

  9. Ron E Joggles
    September 6th, 2010 at 14:47 | #9

    @wmmbb Bob Katter has been saying for years that the problem with the Nationals is that they have abandoned their role as defenders of the bush, in favour of blindly going along with the Liberals, and he is right. The only times that the Nationals have seen a little resurgence is when they take a stand against the Liberals, for example in WA, at State and Federal elections.

  10. Michael of Summer Hill
    September 6th, 2010 at 17:25 | #10

    John, if the latest reports are correct the Chinese government has lost some $430 billion on U.S. Treasury bonds and the governor of the People’s Bank of China, Zhou Xiaochuan, may has shot through. I wonder why?

  11. pablo
    September 6th, 2010 at 21:18 | #11

    It would be interesting to get a greater understanding of the level of official corruption in Australia. Revelations about back-handers to NSW State Water officials are just the latest in a state that has had ICAC – Independent Commission Against Corruption – operating for nearly two decades. The regular appearance of hapless state officials invariably trotting out a defence of their actions that begars belief -’normal practice’ ‘cost of doing business’ – and stands in some contradiction to all the international comparisons that show Australia as a reputable place to do business.
    Inevitably the question has to be asked: do offenders take their cues to behave corruptly from what they observe of the political process? In the case of NSW there is plenty of food for thought in the current Keneally Government. But no one would want to put all the blame there. Political donations and particularly the cash for a dinner date with a Minister puts the process very close indeed. And it was Premier Carr that ushered in that bonanza.
    We know it is no better in Queensland. A convicted ex-minister has the audacity to appeal a seven year sentence! Victoria lacks an equivalent anti-corruption body. Even the AWB and the decision to drop all charges in the oil-for-wheat bribes leaves the public none the wiser.
    Can the public have confidence that the problem is minor, under control, decreasing? Who could we trust to tell us the real situation and how we really rate with the best? Is this one for the new independents in Canberra to create a ‘new paradigm’.

  12. Michael of Summer Hill
    September 7th, 2010 at 07:48 | #12

    Pablo, if you are seeking a federal ICAC then many would support that idea but don’t confuse State issues with federal issues.

  13. September 7th, 2010 at 11:17 | #13

    Hi, they quoted you on the ABC’s ‘Media Watch’ last night regarding the ‘Four Corners’ which was broadcast on 23/8/10:

    “Unbelievable!… I can’t believe the ABC broadcast this rubbish.”

    — Email from Professor John Quiggin (University of Queensland) to Media Watch, 31st August, 2010

    Whilst I was suprised to find out about the right-wing think tank backing of the show, I thought it gave a good, basic explanation of the dangers of the credit bubble.

    I took the show to be far more critical of the credit bubble than government regulation.

    Am I missing something?

  14. September 7th, 2010 at 16:42 | #14

    “Am I missing something?”

    Who funds a documentary, and whether it provides ‘balance’ is far more important to Media Watch than whether it is accurate or not. Which, according to Media Watch’s own consultations, it was.

  15. NMG
    September 7th, 2010 at 18:46 | #15

    Hi John,

    I am just catching up on last night’s Media Watch.

    Not only am I glad that they are tackling that appalling episode of Four Corners about a fortnight ago, I was very glad to see you you and so many other ABC viewers were shocked at how bad it was and said so.

    Incidentally, it is not on iView anymore.

Comments are closed.