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I posted to ozcomments.com
Some simple research has proved what many people have known for a long time — the cost of text messaging is excessive. The standard flat rate for a text message at Telstra and Optus has remained unchanged at 25 cents, while at Vodafone, a text is 28 cents. All carriers…
January 24 2010, 2:18am | Comments »
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I posted to theborderwatch.blogspot.com
Little progress with executive salaries
There was universal outrage last year when executive salaries continued to rise despite the global economic crisis.Public companies continued to pay their senior managers obscene bonuses, despite worsening financial performance.Joining the condemnation, the Federal Government ordered a Productivity Commission inquiry, which has just released a 472-page report.The outcome? Nothing really.The…
January 4 2010, 10:48am | Comments »
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I posted to ozcomments.com
There’s a battle happening in Queensland over Sunday trading. The National Retail Association has felt compelled to defend Sunday trading in the Sunshine State. In a statement issued today, the NRA said: “Right across Australia the consistent feedback from retailers is that Sunday trading is most preferred by families with…
September 9 2009, 5:31am | Comments »
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I posted to gorey.com.au
The collapse of Great Southern
For anyone reading this from outside Australia, Great Southern is an agribusiness company which recently went into receivership. Along with another failed company, Timbercorp, it owns a lot of land in the Green Triangle region of South East South Australia and Western Victoria. I am angry with the failure of…
May 23 2009, 1:18am | Comments »
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I posted to ozcomments.com
There should be an independent inquiry into the effectiveness of Managed Investment Schemes. With Timbercorp struggling and the future of Great Southern in doubt, the schemes must be reviewed. Australia’s timber industry is under enough pressure without having to worry about government tax incentives, which should be the cream, rather…
May 17 2009, 5:04am | Comments »
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I posted to theborderwatch.blogspot.com
Australia's unemployment rate has hit 5.2pc, according to statistics released yesterday.This follows the biggest monthly drop in full-time jobs since 1991.The jobless rate is now the worst it has been in four years, providing further evidence the economic downturn is getting worse.There is some irony in the fact many companies…
March 13 2009, 4:36am | Comments »
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I posted to ozcomments.com
According to The Australian, media analyst Finola Burke has forecast tough conditions for advertising sales until at least 2012. Ms Burke expects the advertising market to hit a low this year after revising her forecast decline in advertising dollars this calendar year to $11.1 billion (excluding online and pay TV),…
March 6 2009, 11:39pm | Comments »
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I posted to ozcomments.com
According to a report in The Australian, rival Fairfax media has debt of $2.3 billion and market capitalisation of $1.5 billion. I’m not an economist, or a solvency expert, but surely market capitalisation reflects what investors believe to be the value of the assets? Maybe the market is wrong and…
February 21 2009, 1:19am | Comments »
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I posted to theborderwatch.blogspot.com
The free market think tank the Institute of Public Affairs yesterday released a new report titled "Business Bearing the Burden on state tax liabilities".According to the report, South Australia has the second-highest taxing regime in the country behind the economic basket case, New South Wales.Western Australia has the lowest business…
December 29 2008, 1:32pm | Comments »
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