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The Albanese Government

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jujuno View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote jujuno Quote  Post ReplyReply Direct Link To This Post Posted: 09 Aug 2022 at 7:51pm
Originally posted by Second Chance Second Chance wrote:

Very droll Bob.  Thumbs Up  However given my wine preferences you'll almost certainly need to divest some assets if we go halves at our upcoming Spring luncheon.

ps which might need to be early September given yours truly might be pretty busy later on in the month celebrating and recovering from Collingwood finals victory celebrations.  Big smile

 we can dream, can't we?

 Heart
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Baghdad Bob Quote  Post ReplyReply Direct Link To This Post Posted: 09 Aug 2022 at 8:23pm
JJ You are old enough to remember that song by Bobby Darin," Dream Lover ", you can always dream about both,  love and the Magpies premiership hopes,Wink
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Post Options Post Options   Thanks (0) Thanks(0)   Quote jujuno Quote  Post ReplyReply Direct Link To This Post Posted: 09 Aug 2022 at 11:06pm
 Bob...my eldest brother became a close friend of Bobby Darin, after Darin came to Australia to perform. My brother, Geoff, was a dead-ringer for Darin, so they used him as bait, to throw fans off the trail of Darin, himself, allowing him to escape the stadium after a concert without being harassed.

 They not only looked alike, they both had Rheumatic Fever as teenagers, which destroyed their hearts. Both died 'young' from complications from the disease. 

 I have a 45rpm copy of Dream Lover, signed by Darin, himself, which I inherited from my brother. 

 So, yes...I know the song very well. 

  
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Hello Sunshine Quote  Post ReplyReply Direct Link To This Post Posted: 10 Aug 2022 at 11:55am
This government learning quickly not easy to tell others what to do.

China says Australia ‘violating UN Charter’ in condemning military drills in Taiwan Strait

Ag minister slow on the uptake, 10 million now for foot and mouth.
But hey, they are good at the easy targets; child care, headwinds with the Voice. Social stuff.
Trouble is Australia may be an island but there is a big scary world out there. ....
And?
Jacinda Adern also learning hard lessons.
Masks and cost of living not popular.


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Post Options Post Options   Thanks (0) Thanks(0)   Quote TJMitchell Quote  Post ReplyReply Direct Link To This Post Posted: 10 Aug 2022 at 12:57pm
CHaiyNa!~!!
Time is a flat circle
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Passing Through Quote  Post ReplyReply Direct Link To This Post Posted: 10 Aug 2022 at 1:48pm
Dont worry Sunny, we wont need Taiwan soon. Nor will America.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Hello Sunshine Quote  Post ReplyReply Direct Link To This Post Posted: 11 Aug 2022 at 12:22pm

Student jobseekers say $7b Centrelink changes are 'penalising' them for studying

  • The transition to Workforce Australia has been described as "appalling" 
  • Some students say they have been told by job agencies to complete extra mutual obligations, despite rules stating they do not need to
  • Job providers and the government concede there have been challenges but they remain committed to the system
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Hello Sunshine Quote  Post ReplyReply Direct Link To This Post Posted: 11 Aug 2022 at 12:54pm
Creative accounting, or the questions you dont ask?

Accounting tricks’: Greens lash global carbon trade

By Broede Carmody

As Mike Foley has reported, a key climate agency has opened the door for the Albanese government to allow Australian companies to buy international carbon credits to offset their local emissions.

That has sparked fresh warnings from environmental groups who are concerned about fake climate action.

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Post Options Post Options   Thanks (1) Thanks(1)   Quote TJMitchell Quote  Post ReplyReply Direct Link To This Post Posted: 11 Aug 2022 at 1:05pm
Carbon credits are so dumb.

It's like the luxury tax in the NBA
Time is a flat circle
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Post Options Post Options   Thanks (0) Thanks(0)   Quote jujuno Quote  Post ReplyReply Direct Link To This Post Posted: 11 Aug 2022 at 1:06pm
Originally posted by Hello Sunshine Hello Sunshine wrote:

Student jobseekers say $7b Centrelink changes are 'penalising' them for studying

  • The transition to Workforce Australia has been described as "appalling" 
  • Some students say they have been told by job agencies to complete extra mutual obligations, despite rules stating they do not need to
  • Job providers and the government concede there have been challenges but they remain committed to the system

 try dealing with Centrelink under the previous government. My doctor said she had to fill in countless forms for parents of children with serious disabilities...which they had had since birth...just to keep accessing their disability allowance. The previous government rules were draconian. 

 Angry  

 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: 12 Aug 2022 at 2:26pm
Is it just me - or does Penny Wong look crook ?

Looks like she has aged big time over the past few months

Maybe she is just better at reading the future than her colleagues !
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Passing Through Quote  Post ReplyReply Direct Link To This Post Posted: 12 Aug 2022 at 2:30pm
She has had a hectic schedule cleaning up Lib spot fires all over the world. Just needs a freshen up.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: 12 Aug 2022 at 2:31pm
Think she may need to set up permanent camp in the Solomons
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Passing Through Quote  Post ReplyReply Direct Link To This Post Posted: 12 Aug 2022 at 2:39pm
Yes, Marise totally dropped the ball there.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Second Chance Quote  Post ReplyReply Direct Link To This Post Posted: 12 Aug 2022 at 2:53pm
Yeah, too concerned with Ayres and graces.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Passing Through Quote  Post ReplyReply Direct Link To This Post Posted: 12 Aug 2022 at 2:58pm
Good friend of mine was her boss at OH&S. Said she was the most incompetent person she dealt with in Canberra.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote jujuno Quote  Post ReplyReply Direct Link To This Post Posted: 12 Aug 2022 at 6:42pm
Originally posted by oneonesit oneonesit wrote:

Is it just me - or does Penny Wong look crook ?

Looks like she has aged big time over the past few months

Maybe she is just better at reading the future than her colleagues !

 She just needs time to top up her hair dye...

 Thumbs Up

 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: 13 Aug 2022 at 12:31pm
Don't you just love the way Anthony bangs on about supporting wage growth in-line with inflation - yet says nothing about self-funded retirees copping about third of that amount from the financial institutions on their hard earned savings.

Meanwhile the CBA just announces an 11% increase in their profits - to around 9.5 billion dollars (that's right - billion). Its been put down to tight "Operational Control"". Is that slang for ripping off their loyal customers ? Just as well they didn't have to face a once in a 100 year global pandemic, or a gelati load of floods to make things difficult........oh wait......

And the normal result pitch was in-place to minimise the pleb's whingeing. That being that their were "headwinds" just around the corner. Think i heard similar last announcement , & the one before that.

No comment from Anthony that I heard
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Post Options Post Options   Thanks (0) Thanks(0)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: 13 Aug 2022 at 12:33pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote TJMitchell Quote  Post ReplyReply Direct Link To This Post Posted: 13 Aug 2022 at 12:40pm
Strange they didn't mention this part:-

Commonwealth Bank chief executive Matt Comyn has received a 35 per cent pay rise as borrowers suffer the steepest rate increases in almost three decades.

The 46-year-old head of Australia's biggest home lender received a total remuneration of $6.968million during the last financial year, a massive 34.67 per cent increase on his previous package of $5.174million.

His pay package is 77 times greater than Australia's average, full-time salary of $90,917, with most workers receiving a pay rise of just 2.4 per cent despite unemployment now being at a 48-year low as inflation surges.

The Commonwealth Bank boss is paid six times more than Reserve Bank of Australia governor Philip Lowe, 60, on $1.076million, with his pay rise confirmed two days before average borrowers with a $600,000 face a $169 surge in their monthly mortgage repayments.

Mr Comyn, who joined the Commonwealth Bank in 1999, saw a 30 per cent increase in his long-term variable remuneration bonuses, which rose to $2.087million from $1.601million.

This saw him receive significantly more than his base salary of $2.5million, with his total remuneration also including short-term variable remuneration bonuses of $1.021million and 'long-term alignment remuneration' of $1.36million.
Time is a flat circle
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Tlazolteotl Quote  Post ReplyReply Direct Link To This Post Posted: 13 Aug 2022 at 12:43pm
Those with home loans have been getting free money for many years - loans at less than the inflation rate - courtesy of depositors and the RBA.

TV and radio bulletins and newspaper front pages have almost literally screeched about the fastest rate rises in 30 years or more, seemingly completely oblivious about two rather basic things.

One, the RBA has never started raising rates from zero before because it had never been down to zero before.

And two, inflation is 6 per cent, heading for at least 8 per cent. It’s less a case of the RBA raising its rate and much more the reality of the RBA moving from a big negative real interest rate to a slightly less negative one.

Both its official rate, now 1.85 per cent, and home loan rates of 4-5 per cent are still hugely advantageous to borrowers.

And the piddling rates being paid to depositors are now ripping them off even more in real terms than when they were getting zero interest. At least back then, inflation was only stealing 2 per cent of their money each year.

The commentary from so-called experts about housing prices has been even more abysmal. It’s essentially been based on two assumptions, albeit completely unknowingly by those supposed experts.

One, that once the RBA cut its official rate to all but zero, it was then obliged to leave it there, essentially forever.

Home loan borrowers had been given access to essentially “free” money. If you can borrow $500,000 and face an interest bill of just $10,000 a year when inflation is 2 per cent a year, you are getting free money.

And so two: that the values of the houses bought with that “free” money should never go down – just keep going up.

Property prices were always going to fall when the RBA started raising its rate, and banks would follow through with increases in their home loan rates.

Just as they rose so dramatically when rates were going down and even more pointedly staying down, and staying down at completely unrealistically low levels, for years.

It’s not just the last two years, when the RBA first cut its official rate to 0.25 per cent and then followed through to 0.1 per cent; it’s the years before that when it had already cut to 1.5 per cent and then 0.75 per cent.

It’s a long and complicated story. It had to cut because of what the Fed in the US was doing. But it did supercharge our seemingly unending property boom.

An honest politician is one who when he is bought will stay bought.

Simon Cameron

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Post Options Post Options   Thanks (0) Thanks(0)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: 13 Aug 2022 at 12:46pm
Exactly. Its why I hate big business. All one way traffic. Nose in the trough when times are good because of great performance. Nose still in the trough - only slightly shallower - when times are tough (& beyond their control). Then when no one believes them they get moved on with millions. How can they lose LOL

No comment from the Govt of course !
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Post Options Post Options   Thanks (0) Thanks(0)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: 13 Aug 2022 at 12:50pm
& then we have blokes like Tlaz putting up articles like that above. We will see how "lucky"" new home owners are in the coming few years
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Post Options Post Options   Thanks (0) Thanks(0)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: 13 Aug 2022 at 12:59pm
Originally posted by TJMitchell TJMitchell wrote:

Strange they didn't mention this part:-

Commonwealth Bank chief executive Matt Comyn has received a 35 per cent pay rise as borrowers suffer the steepest rate increases in almost three decades.

The 46-year-old head of Australia's biggest home lender received a total remuneration of $6.968million during the last financial year, a massive 34.67 per cent increase on his previous package of $5.174million.

His pay package is 77 times greater than Australia's average, full-time salary of $90,917, with most workers receiving a pay rise of just 2.4 per cent despite unemployment now being at a 48-year low as inflation surges.

The Commonwealth Bank boss is paid six times more than Reserve Bank of Australia governor Philip Lowe, 60, on $1.076million, with his pay rise confirmed two days before average borrowers with a $600,000 face a $169 surge in their monthly mortgage repayments.

Mr Comyn, who joined the Commonwealth Bank in 1999, saw a 30 per cent increase in his long-term variable remuneration bonuses, which rose to $2.087million from $1.601million.

This saw him receive significantly more than his base salary of $2.5million, with his total remuneration also including short-term variable remuneration bonuses of $1.021million and 'long-term alignment remuneration' of $1.36million.
And the bloke could die tomorrow & it wouldn't make a skerrick of difference to performance. They get away with it because it is such a an insignificant amount of money compared to the business. I mean what's 7 million vs 9.5 billion profit ? That's the mentality that they prey upon 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: 13 Aug 2022 at 1:12pm
Is this what is meant by the term "Operational Discipline" ?

Doesn't sound quite as palatable  Ouch
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Post Options Post Options   Thanks (0) Thanks(0)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: 13 Aug 2022 at 1:13pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: 13 Aug 2022 at 1:21pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote jujuno Quote  Post ReplyReply Direct Link To This Post Posted: 13 Aug 2022 at 2:15pm
Originally posted by oneonesit oneonesit wrote:

& then we have blokes like Tlaz putting up articles like that above. We will see how "lucky"" new home owners are in the coming few years


 well...my daughter and son-in-law are in the process of acquiring their first home...a very nice flat in Matraville. There is still a possibility of being gazumped, as someone else is after it as an investment, and is trying to get more finance.

 They are less worried about rising interest rates than investors stealing all the good properties.

 Angry

   
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Post Options Post Options   Thanks (0) Thanks(0)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: 13 Aug 2022 at 2:20pm
Not a bad time to buy. I've advised my daughter (who already has a unit) to start looking in order to buy again in next 3 to 6 months. I put her off doing same 12 mths ago - & have saved her at least 100k already based on current prices.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote jujuno Quote  Post ReplyReply Direct Link To This Post Posted: 13 Aug 2022 at 2:40pm
 I think investors should bug off and let young couples get a home.

 At one viewing my two were the only ones actually wanting to live in the place...the others were all vultures.

 As for the estate agent...he had a price tag of 620,000 on one property, but then confided he was going to push upward of 650,000.  I hate estate agents. My brother-in-law was one, before he became a millionaire...lol... and he told us all the tricks they use to con people and get a better percentage. 

 
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