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Entries Categorised as 'Opinion'

The deadly climate change and carbon tax swindle

June 27th, 2011 · 116 Comments

Over the last few years I have watched the debate about global warming descend into a political and celebrity ego-fuelled circus event where hard science plays merely a supporting role. It’s not clear what such measures as a carbon tax will even achieve on a global scale besides generating tax revenues for governments and making plenty of bankers happy. Meanwhile millions of people die from hunger and disease every year and there is no tax being implemented to help them.

The Australian economy, the Twilight Zone and known unknowns

June 20th, 2011 · 14 Comments

On a daily basis, dozens of finance and business journalists try to convince the general public that they somehow have an insight into what the Australian economy is doing or how the economy will fare over the next six months or so. But the truth is, nobody has a clue what will happen for the rest of this year as we are still stuck in the Economic Twilight Zone.

Swan’s lazy 2011 budget and Australian economic madness.

May 16th, 2011 · 6 Comments

On budget night Wayne Swan could have saved us all a lot of time by simply standing up and saying that his plan for the Australian economy was to simply sit back and hope the mining boom continued. As I have said for over a year now, Australian policy makers have set the economy up for a severe downturn if commodities prices slump and there is no Plan B.

Gillard, Rudd, Brown, Wilkie, the nightmare continues

May 7th, 2011 · 13 Comments

For a while I have resisted writing about the political situation in Australia simply because it is too depressing.  Of all the possible political outcomes after the election last year it looks like the Australian people have ended up with the worst case scenario – a leaderless dysfunctional government adrift at a time when major ecomic challenges loom.

Thoughts from Japan – a terrifying earthquake & tragedy

March 14th, 2011 · 12 Comments

Lives for all us living in Japan changed from the moment the first terrifying earthquake hit off the North East coast of Japan on Friday 11th March.  We all live near fault lines and most of us live near the coast as well, therefore as the images of the disaster were shown on television I was simply lost for words – unable to process what I was seeing.

Carbon, a new tax and Gillard’s Lifeform Levy

February 27th, 2011 · 33 Comments

The recent announcement by Julia Gillard that she is breaking an election promise and will attempt to bring in a Carbon Tax should come as no surprise to anyone. It is simply a reflection of the madness that is the Greens/Labor Party alliance and another example of a policy developed by a Government hooked on spending and raising taxation.

The floods, the loony Greens and a new tax

January 27th, 2011 · 10 Comments

The devastating floods across much of Australia should remind people that Australia has been for a long time, a land of drought and flooding rains. The floods have tragically not only taken lives, but will also have a lasting negative impact on the economy and sadly the Government seems intent on using the floods as an excuse for it’s own poor management of the economy.

Debating the Optimistic versus Pessimistic Views of China

January 18th, 2011 · 4 Comments

First a few personal facts. My involvement with China goes back to the early sixties as a diplomat in Hongkong where I was learning Mandarin. For a while I served as China desk officer in Canberra’s foreign affairs ministry. Then during Cultural Revolution days I finally got to China, by organizing an Australian pingpong team (over Canberra’s opposition).

The North Korea conundrum

December 3rd, 2010 · 2 Comments

North Korea bombards the South Korean held island of Yeonpyeong in the Yellow Sea, killing and wounding a number of people there. The hawks call for the strongest possible response. The pundits warn of another Korean War.

43 ways to spend the National Broadband Network’s $43 billion

November 2nd, 2010 · 18 Comments

I have been a vocal critic of the National Broadband Network for a long time and was talking about what a mess it would be way before the mainstream media woke up.  So to further illustrate my point I have put together a list of  areas or ways where I believe the taxpayers $43 billion could be better spent and deliver better outcomes for the Australian people.

The unbalanced economy and household savings

October 23rd, 2010 · 43 Comments

Over the last few weeks most of the financial media have once again managed to draw the wrong conclusions on a range of issues from Australian dollar to the strength of the Australian economy.  Talk of the so called two speed economy seems to be back in vogue whereas I believe we should be focused on and worried by, the unbalanced nature of the Australian economy.

The great Australian election hangover.

September 16th, 2010 · 36 Comments

Well after a few weeks of uncertainty following the federal election in Australia, the Australian Labor Party (ALP) has managed to pull together a ragged alliance and hold onto power. Some people say that a minority government will be a refreshing change and can work well, but I believe that the coalition that Julia Gillard has put together will result in few tough decisions being made and could end up damaging the Australian economy.

A double dip recession, fear and keeping an open mind.

August 27th, 2010 · 32 Comments

Well the Dow Jones closed this morning below 10,000 and for those financial writers who focus more on grabbing reader’s attention rather than on facts, that can only mean one thing: the U.S economy is heading for a double dip recession! Of course the fact that the U.S economy is actually expanding, as are other major economies like China, Japan and Germany, appears irrelevant to many market commentators who seem intent on making investors fear that another economic crisis is at hand.

A federal election, selfish voters and the media circus.

August 17th, 2010 · 32 Comments

Thankfully one of the least productive uses of resources on a national scale, a federal election, will soon be over. As usual the government of the day amazingly comes up with a whole range of great ideas that it failed to come up with during the previous 3 years and the crowd trying to gain power, attempt to convince us that they could do better.

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