Subjects presented in order
Introduction.
Carelessness in recording the the secretary's opening to the meeting and the material
introduced, meant the lead-in was Don's reading of a excerpt from " The Three Colonies of Australia ".
As recalled (two months later at time of blog preparation), the introduction would have included expressed condemnation of public figures, now in retreat from public scrutiny, thankfully these utterances didn't record as they probably were defamatory.
Reference to "The Three Colonies of Australia" there no surprise the culture of this country (Australia)
developed along traditional lines, that some academic or academics coined the phrase "Cultural Cringe". [Ed. see last month]
Recorded Introduction:
Link to alternative site for immediate play.
Edit.PartIntro. Don et al. 04/14
Link ASC 1st half 2014
The Three Colonies of Australia
Present 1.
"Palomar", Bank West et al. relationship with receivers, West Australian Government and
Federal Government assistance (lack thereof), "Fly In " corporate farmers AND mental health
care. The farmer of "Palomar" predominated during the present, intended as representative of a
class of farmers in that State. He and predecessors developed a holding worth Au$5
Million, at the time of receivership his equity was 30%*. The question arises how big has
a holding got to be to get recognition as a "Fly In" corporate?!?! Another fact, a
dwindling number of farm operators in the State, at the time earlier this year carry a
total financial indebtedness of Au$14 Billion. A parliamentary spokesperson stressed
adjustment: when cost of farm production is not matched by returns, thereby to maintain
solvency (per. those rural interviewed). De-population of rural towns, farming is a
commercial activity traditionally dependent on loaned money from year to year. To reduce
cost the latter resulting, "Fly In" farmers when wanted at seeding and harvest replacing
permanent rural based workers.
* The farmer apparently shares a common knowledge, at least with people who have had
contact with that aspect of accounting i.e. the wind-up business Receiver. He stated his
30% equity would be lost to the wind-up process.
Link to alternative site for immediate play of discussion following.
712_0075
Present 2.
From ABN 2 another aspect of an imbalance -- but one in process of inquiry -- that of child
minding. Competing ways of addressing a increasing problem to the community. The current
government payments, at least for working parents and those staying home seem generous. But
apparently, at about $75 a day minimum, Not So! [Ed.What was payed 10 years ago to child
minding centres has increased 150%]. The program dealt with the demand side of the issue,
little was said about the supply cost, i.e. of minding centres. It was suggested "the well
off" monetarily should be allowed 30%(sic) -- maybe why Don made this selection?!?! -- tax
offset, whereas less fortunate up-to 90%, this for a nanny carer. Maybe the job of carers
in whatever capacity needs looking into, as costs seem the bugbear of this human resource
preparation activity. [ ED. What was not mentioned during this report. the duel payment
systems in place -- media article 25/06.14]. We were told the Productivity Commission(?) should report to government later this year. [ED. The day of typing this a news item radio station 2GB, reported some
care workers get about $3.50 take home pay after tax and deductions. If that's the case
there's a lot of hooch in this system assumed accounting for ... ].
Link to alternative site for immediate play of discussion following
Edit.712_0076
Present 3.
The next two selections were interviews intended to be linked. A former Foreign Affairs
Minister in the previous government and the chairman Australian Israel and Jewish Affairs
Council in reply. The former critical of the latter's preponderant lobbying influence with
the government. In the lengthy biography of this minister"s time in office, he noticed
outcomes favorable to Israel on issues of "settlement" (Israel's land occupations) and the
thwart of Palestinian recognition as a country. The chairman of the lobby group
representing Israeli interests was in denial, as to influence; this you can guess
expected.
Current affair 7.30 Report with Robert Carr.
Link to alternative site for immediate play of discussion following.
Edit.712_0077
Current affair LateLine with Mark Leibler.
Link to alternative site for immediate play of discussion following.
Edit.712_0078
A confessed Fabian Socialist and a Zionist in a tit for tat ... Intriguing!
Present 3.
A corollary to the February's offering and the Chinese city of Wuhan. The viewing,
originally a television documentary -- believed not seen before by club members. China cam e out of the Mao, red guard era after the chairman's death, the year mentioned 1980. From
1980 to 2008 when the GFC struck China was a creditor nation regarding Balance of Trade.
With the onset of the GFC the World has been doing less business with China. China then
turned from export trade to infrastructure and residential development. The Chinese
people save much more of their income than Westerners so we were told. This lack of consumer
propensity was criticized, due to the debt carrying of the nation, trillion of dollars owed
to banks throughout the World. The physical growth over the last 5 years of infrastructure
and buildings was compared to America, a country that took 100 years to achieve a
comparable book value. [Ed. Why America(?), Japan's growth took 100 years to reach a
economic sustainable position]. So if there is a plan in place for China, its people, to
avoid a slide of GFC proportion, this program attempted but failed to discover from those
interviewed. [Ed. Only thing known in these parts, China has fists full of US$ to spend in
the Southern Hemisphere between Longitude 40 degree East of Greenwich to 80 degree West
of Greenwich].
Expectation for a contribution to materialise, dispensing with the February blog on China's
residential oversupply still holds.
712_0079
CONCLUSION More comment with a vote of thanks for the secretary evenings events.
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