Re: Aus Federal Politics thread (VI)

[skully]

I see sanity has prevailed on the Labor senate ticket, with Farrell giving his top SA spot to the Muncher. Avoided some embarrassing questions regarding a Pinkos Boys Club.

[JGK]

I see sanity has prevailed on the Labor senate ticket, with Farrell giving his top SA spot to the Muncher. Avoided some embarrassing questions regarding a Pinkos Boys Club.

Meanwhile, the Number 1 spot on the Liberal senate ticket in SA is none other than Cory "Saint" Bernardi.

[skully]

Phurt, do you want a Pinko monopoly on loony factional voting??

[embee]

I see sanity has prevailed on the Labor senate ticket, with Farrell giving his top SA spot to the Muncher. Avoided some embarrassing questions regarding a Pinkos Boys Club.

Meanwhile, the Number 1 spot on the Liberal senate ticket in SA is none other than Cory "Saint" Bernardi.

The last time this side of the Senate was up the number 1 SozLib was Mary Jo "Hokey Pokey Klepto" Fisher ...so Saint is a step up

[embee]

At that rate of improvement by the SozlIbs the Snow Town boys will be right for a Senate spot when they get released ....

[skully]

Aye, the Barrels are hilarious.

[JGK]

And that's before we start talking about Christopher Pyne and Meg Lees.

[bodyline]

Caltobiano may be advised to start touching his toes

My source says he is home free.

[horace]

Caltobiano may be advised to start touching his toes

My source says he is home free.

of course you guys control the parl Committee...but there are significant buts...MC will be the first, the Minister for Arts (surely a joke in the can do kulchur) and her devil sporn son will be next...think of it as the great QBilly tradition of pollies ending uo in climk

[bodyline]

Caltobiano may be advised to start touching his toes

My source says he is home free.

of course you guys control the parl Committee...but there are significant buts...MC will be the first, the Minister for Arts (surely a joke in the can do kulchur) and her devil sporn son will be next...think of it as the great QBilly tradition of pollies ending uo in climk

As John Elliot would say "PIGS AR$E"

[skully]

Thomson going the Armstrong route

"Craig Thomson's new solicitor, Chris McArdle, has issued his first defamation threat over the suggestion that his embattled client used union funds to pay for prostitutes.

''Our client has never used other people's money or his own money to pay people for sex with him. Anyone who says the opposite will be sued,'' Mr McArdle said."

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Noisy and angry bluff and bluster anytime anyone has the temerity to mention Thomo's indiscretions.

[JGK]

Huzzah for the banks...

Financial services outstrip mining: CommSec
Tuesday, 30 October 2012 8:45am
By Mark Smith

The financial services and insurance industries contribute more to percentage growth in the Australian economy than mining and natural resources, according to CommSec's Craig James.



Sensing that delegates at the annual Association of Financial Advisers (AFA) National Conference had enjoyed the jungle-themed welcome party the previous night a little too much, the chief economist spared his jaded audience any bad news, saying that threats to the global economy were over-stated and would survive a possible hard landing in China.

While many fear Australia's over-reliance on its mining industry, James pointed out that it accounts for little more than 10% of GDP growth while the financial sector contributes nearly 50% more.

Delivering the surprise figures in a characteristically energetic presentation in Queensland, James acknowledged that risk-averse Australians still favour term-deposits over other products, but said investors could find solace in the headline statistics.

"There's an awful lot to be positive about," he said. "Inflation is around 2%, unemployment is just 5%, there hasn't been a recession for 21 years and Australian businesses are delivering real wage growth.

"These are figures that the Reserve Bank called economic nirvana."

He added that, "Interest rates a significantly higher than the rest of the developed world leaving plenty of room for further stimulus. And a high Aussie dollar is great news for internet shoppers."

James pointed to research which shows that only 5% of people are embracing the share market.

"Most people are missing the bigger picture because companies are making money. If investors were in the share market since March 2009 they would've received a total return of 70% including dividends compared with a 14% gain over the last year."

Looking ahead to 2013, James said that Australians can expect GDP growth in excess of the 40-year average, falling unemployment and a 7% rise in the ASX by mid-2014.

While a high dollar and falling commodity prices could strain the mining sector, a change in leadership in China and subsequent stimulus measures are likely to prop up demand.

Furthermore, the rise of the Chinese middle class and Prime Minister Julia Gillard's push more engagement with the 'Asian century' should further advance trade with the East.

"Our relationship with China is evolving. It's not just resources and iron ore that is traded," he said.

"China has now overtaken the UK as the biggest contributor to Australian tourism behind New Zealand and other industries are growing as well."

Against this backdrop the economist warned financial advisers that businesses which are looking to shave costs by cutting jobs and slashing marketing budgets could be "shooting themselves in the foot," and that a focus on revenue growth was the most sensible option.

[skully]

Some rare commonsense from a Pinko

"Mr Fitzgibbon believes it is appropriate to have a look at whether the RET could be reduced and he's "tempted" to say it is not needed at all, given Labor has now put a price on carbon.

The target is meant to ensure 20 per cent of Australia's electricity comes from renewable sources by 2020.

But softer demand and the popularity of rooftop solar panels means the fixed 45,000 gigawatt-hour target may be exceeded.

Critics say overshooting the target would unnecessarily drive up retail power bills."

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Stinkin' Green qunts DGAF about humans and their ability to pay skyrocketing energy bills. Just cos they don't shower and keep their bills down.

[chuck another koala on the BBQ]

[JGK]

Critics say overshooting the target would unnecessarily drive up retail power bills

ie electricity distributors who have already rape and pillaged by gold plating their networks.

[skully]

Poodle on the attack

"RIME Minister Julia Gillard and former union boss Michael Williamson go together like "carrots and peas", Liberal frontbencher Christopher Pyne says.

Mr Williamson, the former president of the Health Services Union (HSU), faces 48 charges relating to fraud, money laundering and hindering a NSW police investigation.

Mr Pyne told reporters in Canberra on Wednesday Mr Williamson, also a former ALP national president, was one of several union bosses who helped orchestrate the June 2010 coup against then prime minister Kevin Rudd.

"The prime minister cannot escape from the fact that she is linked to Michael Williamson and they go together like carrots and peas and like fish and scales," Mr Pyne said."

-------------------------------------------

Williamson sounds a bigger grub than Thomo. And he was National Labor President?? FMD, what a smell hangs over the Pinkos.

[JGK]

Williamson sounds a bigger grub than Thomo. And he was National Labor President?? FMD, what a smell hangs over the Pinkos.

He's no John Elliot.

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