Monday, 31 May 2010

The world according to Tony Mark I or II 0r III or IV or V...........


A prince never lacks legitimate reasons to break his promise.

Now just in case you think Oz Opposition Leader Tony Abbott has had a divine revelation on the 27th of May about global warming and climate change - remember that he tailors his opinions to his audience.
Here's Tony over the last six months:

"If you look at Roman times, grapes grew up against Hadrian's Wall - medieval times they grew crops in Greenland. In the 1700s they had ice fairs on the Thames. So the world has been significantly hotter, significantly colder than it is now. We've coped....
Well, look, if man-made CO2 was quite the villain that many of these people say it is, why hasn't there just been a steady increase starting in 1750, and moving in a linear way up the graph."
{Tony Abbott in Lateline interview on 19th November 2009}

"I mean in the end this whole thing is a question of fact, not faith, or it should be a question of fact not faith and we can discover whether the planet is warming or not by measurement. And it seems that notwithstanding the dramatic increases in man made CO2 emissions over the last decade, the world's warming has stopped. Now admittedly we are still pretty warm by recent historical standards but there doesn't appear to have been any appreciable warming since the late 1990s."
{Tony Abbott in 2GB Radio interview with Alan Jones on 9th December 2009}

"In a wide ranging speech, Mr Abbott talked about climate change, the Liberal political fortunes and Kevin Rudd. Quote - the argument on climate change is absolute crap, he said."
{Editor of Pyrenees Advocate quoting Tony Abbott in North Coast Voices post on 8th February 2010}

"OK, so the climate has changed over the eons and we know from history, at the time of Julius Caesar and Jesus of Nazareth the climate was considerably warmer than it is now....And then during what they called the Dark Ages it was colder. Then there was the medieval warm period. Climate change happens all the time and it is not man that drives those climate changes back in history.....It is an open question how much the climate changes today and what role man plays."
{Tony Abbott to a school class quoted in The Australian on 8th May 2010}

"I am confident, based on the science we have, that mankind does make a difference to climate, almost certainly the impact of humans on the planet extends to climate."
{Tony Abbott in a speech to 11th National Business Leaders Forum on Sustainable Development quoted in The Sydney Morning Herald on 27th May 2010}

Sunday, 30 May 2010

Australian mining industry piles on the tax distortions as it tries to win over the electorate


If one relies on media reports it would appear that the Australian mining industry might have a case against the Rudd Government's proposed Resource Super Profits Tax which is due to activate in 2012.


However, if one cares to open the media releases put out by the Mining Council of Australia the flimsy nature of arguments used by the anti-RSPT lobby begins to emerge.

To date my favourite assertion is; The super tax is, in effect, a Government-mandated sale of 40% of Australia's resources industry at a Government mandated price.
Another favourite is the statement that; For the industry as a whole in 2007-2008, ATO statistics show mining companies paid 27.8% effective corporate tax rate, which rises to 41.3% when royalties are included.
While Mining pays a higher tax rate than any other industry stands out as a blatant attempt at misdirection.

All these quotes are found in the Mineral Council's The truth about the super tax –the myths and the facts, 25 May 2010.

So let's look at the forced sale argument.
No established mining corporation is talking of selling off the parent company or subsidiaries - in the middle of a resources boom most of these companies are very profitable and likely to continue so for many years even with mooted tax reform.
The only threats being made by some mining companies is that they will reassess their scheduled mining projects in light of the proposed tax and rebate scheme.

What about that colossal corporate tax rate quoted, I hear you ask.
Well in 2007-08 there were according to the Australian Taxation Office 2007-08 statistics; 4,290 mining companies having combined incomes which totalled $160,323,192,189, which in turn had combined taxable incomes of $29,010,243,407 and net tax actually paid was $8,068,463,15 after all allowed deductions had been made.
As for royalty payments made in Australia these added up to $3,924,902,975 in 2007-08, which was a little over half of all royalty payments across all listed industries made in that financial year. (Update: A hat tip here to Peter Martin for pointing out in a recent post that mining royalties are tax deductible)

What the Tax Office also points out is the fact that of these 4,290 mining companies there were some who paid no tax at all and, these comprised 68.3% of all mining companies.
In fact the mining sector has the second-highest percentage of 'no tax paid' than any other listed industry.

How did they do that?
Well there are at least 20 deductions, rebates, concessions, exemptions, offsets etc. available to the mining industry and their combined value is literally worth billions.
The industry total for expenses claimed under R&D concessions alone was $2,508,321,897 and immediate deduction for capital expenditure $3,785,347,506, in 2007-08.

So how does the claim that the mining industry is paying a higher tax rate than any other industry fare?
Quite frankly the mining industry tax rate does not stand alone from some other listed industries in terms of comparable tax percentages to taxable income.

It is worth noting that in 2007 the Business Council of Australia in Tax Nation calculated corporate tax (as a percentage of profit) at 20% for the mining industry.
Interestingly this same document stated; Taxes Collected are negative for the mining industry group because as major exporters survey participants reported a significant GST refund which more than offset other Taxes Collected.

It is also interesting to see that the Mining Council of Australia's advertisement presently being broadcast states that the mining industry currently pays 38% tax, which is a figure significantly lower than those quoted in other council documents which had the combined company tax and royalties running at 41.3%.

Next time you see a talking head spruiking for the mining industry or catch one of the industry's televised advertisements - remember that all is not as these miners would have you believe.

Image from Mumbrella

Stop the world - I want to get off!


Ever wondered how we're all going to respond to an increasingly hostile physical world?
What path we'll go down as we confront the dire consequences of our own collective actions?
In the face of one monumental environmental disaster the only psychological defence left for some is laughter:

WASHINGTON (The Borowitz Report) – At a conference of oil leak experts in Washington today, attendees proposed plugging the massive oil leak in the Gulf of Mexico with executives of BP, the company responsible for the catastrophic spill.

"We've tried containment domes, rubber tires, and even golf balls," said William Cathermeyer of the National Oil Leakage Institute, a leading consultancy in the field of oil leaks. "Now it's time to shove some BP executives down there and hope for the best."

Submerging the oil company executives thousands of feet below the ocean's surface could be a "win-win" situation, Mr. Cathermeyer said.

"Best-case scenario, they plug the leak," he said. "And at the very least, they'll shut the fuck up."

But even as the oil leak experts proposed their unorthodox solution, environmental expert Marilyn Sufranski warned of the possible negative consequences of plugging the oil leak with BP executives.

"The Gulf of Mexico is slimy enough already," she said.

Saturday, 29 May 2010

The Daily Examiner in Grafton holds its own in APN regional circulation breakdown


A general gloom still lingers over falling circulation numbers for major Australian newspapers, which this last quarter have been blamed on a slow news cycle as well as the proliferation of free online news and comment sites.
However for some regional mastheads it is slightly a different story.

The Daily Examiner on the NSW North Coast holds its own against larger newspapers within the APN group which in the week ending Saturday 22 May 2010 had a combined paid sales figure of 882,161 copies for its fourteen dailies.

The Daily Examiner which has been publishing in the Clarence Valley since 1859 came in with a daily circulation of 5,604 in 2010 year to date (YTD) terms. This showed a small percentage increase of 0.75%, which made it the only newspaper in the APN stable to be in the black for the year thus far.

Well done to the team at DEX.

The Clarence River as part of Earth's big picture


Clarence River mouth from the air at Blue Skies

From the abstract for Continental rifting and drainage reversal: The Clarence River of Eastern Australia by R. J. Haworth and C. D. Ollier, Department of Geography and Planning, The University of New England, Armidale, New South Wales 2351, Australia:

The Clarence River on Australia's east coast has an anomalous drainage pattern. Its right-bank tributaries are markedly barbed, suggesting reversal, whereas Tertiary volcanism has disrupted its left-bank drainage. The southeast-flowing Clarence is closely aligned with the northwest-flowing Condamine River just across the Continental Divide. The Condamine-Clarence alignment is continued by a large southern tributary, the Orara River, which flows northwest, away from the sea, to meet the southeast-flowing Clarence. A broad river with a quite different character flows east from near the Orara-Clarence junction to the sea. This is essentially an overflow channel.
This series of aligned streams, the Condamine-Clarence-Orara, represents the remains of an earlier northwest-flowing stream that extended the full length of the Clarence-Moreton Basin, an eastern extension of the Great Artesian Basin. During the Jurassic, the Clarence-Moreton Basin was filled with sediments from the surrounding highlands, including those to the east of the present coastline. Continental rifting from Late Cretaceous times onwards led to the opening of the Tasman Sea, causing the reversal and beheading of the original northwest-flowing streams and the formation of the Great Escarpment.
The evolution of the Clarence River does not fit into most conventional geomorphic paradigms such as cycles, climatic geomorphology or steady-state landforms. It is the result of a succession of unique events on a very long timescale, and as such is a classic example of evolutionary geomorphology.

Water spouts on the NSW North Coast



Local photographer Steve Young manged to catch these two water spouts and the Coffs Coast Advocate reported last Friday:
"Coffs Harbour Bureau of Meteorology duty observer Roger Brown said water spouts were uncommon here but not rare.
“They usually form in a thunderstorm,” Mr Brown said. “It is a type of tornado, although they are usually much less potent than the ones we see in the mid-west of the US. We probably see a couple every year – when they’re forming you often see a couple at a time.”


Here's another pic from Port Macquarie on the mid-North Coast in 2007, found at Flickr's 'australia waterspout' tag:


Pics by Steve Young and beachcomberaustralia

Friday, 28 May 2010

Colourful National Party character will be back on the road again

(with apologies to Willie Nelson)

District Court Judge James Black has changed a sentence for drink-driving handed down early this year to Nationals stalwart Murray Lees.

Lismore's Northern Star reports:

Judge Black yesterday set aside Murray Lees’ eight-month suspended prison sentence, handed down by Magistrate Michael Dakin at Murwillumbah Local Court in January for Lees’ fourth drink-driving offence in five years.

Mr Dakin had also banned Lees, 44, of Dulguigan, north of Murwillumbah, from driving for three years.

Lees, who ran the Nationals’ Page campaign in 2007, stepped down from his leadership positions within the party while he dealt with issues around depression and drinking.

Yesterday’s decision will let Lees get back behind the wheel on September 17 – a year after he blew 0.085 after being stopped by police while racing to get to his brother-in-law, who had just been in a bad traffic accident.

Judge Black allowed Lees to enter the interlock program, which would allow him to drive so long as he fitted a device to his car that forced him to pass a breathalyser test before starting the engine. He won’t be allowed to drive without the device for two years from September 17.

The court heard Lees had been celebrating his birthday and was waiting with his wife for a taxi to go out to dinner when the couple got a call from Mrs Lees’ brother, who had just been in a traffic accident.

The couple jumped in the family car, with Lees behind the wheel, and drove off to help, but ended up being stopped by police.

Sources: The Northern Star and absolutelyrics.com