Sunday 28 April 2013

Tony Abbott and who should be allowed a decent education


Tony Abbott as President of the Sydney University Student's Representative Council  in 1979:


Tony Abbott  as Australian Opposition Leader in 2011:


In 2012:

In 2013:

Saturday 27 April 2013

Australian Opposition Leader Tony Abbott's contempt for journalists and voters generally couldn't have been more obvious




At a press conference he called himself at the Adelaide Ice Service factory on 26 April 2013, Opposition Leader Tony Abbott abruptly walked away when asked a question concerning his contradictory stance on the Good and Services Tax (GST).

Re-writing the ‘official’ record the Liberal Party published transcript has Abbott closing the question segment with a Thank you and not the sight of his retreating back.

This Adelaide press conference is also noted for the fact that Abbott described the ice factory as a business which is going to be badly damaged by the carbon tax; is being badly damaged by the carbon tax despite the fact that it had been approved for a $90,000 grant from the Gillard Government Clean Technology Food and Foundries Program to offset its energy costs with the installation of an 87.5-kilowatt solar power system.

How the NSW North Coast rates on the NSW Food Authority's penalty register


There are 1652 penalty notices currently in the NSW Food Authority penallty register, which was last updated on 2 April 2013.

The NSW North Coast does not feature heavily and, thankfully no local business has been named so far this year.

How the region rates:

BONDIE'S AT THE BAY
 BALLINA
 BALLINA
2012-10-11 
BOND, GARY
BONDIES ON THE BAY
 BALLINA
 BALLINA
2012-10-09
BOND, GARY

BUSHMAN'S BAKERY
COFFS HARBOUR
COFFS HARBOUR
2012-08-08
BIDAROL PTY LTD
BUSHMAN'S BAKERY
COFFS HARBOUR
COFFS HARBOUR
2012-08-08
BIDAROL PTY LTD
BUSHMAN'S BAKERY
COFFS HARBOUR
COFFS HARBOUR
2012-08-08
BIDAROL PTY LTD
BUSHMAN'S BAKERY
 COFFS HARBOUR
 COFFS HARBOUR 
 2012-08-08
 BIDAROL PTY LTD

DALLEY ST CAFE
 EAST LISMORE
 LISMORE 
2012-06-19 
PRIGMORE, DAVID

ECLIPSE DISTRIBUTION PTY LTD
BYRON BAY AND OTHER DIVERSE PLACES
2011-08-20
ECLIPSE DISTRIBUTION PTY LTD
ECLIPSE DISTRIBUTION PTY LTD
BYRON BAY AND OTHER DIVERSE PLACES
2011-08-20
ECLIPSE DISTRIBUTION PTY LTD

GORMAN'S BIG OYSTER
 YAMBA
 Clarence Valley
2012-11-08 
EURUNDERIE INVESTMENTS PTY LTD

KFC BALLINA
 BALLINA 
BALLINA
 2012-11-26
 QSR PTY LTD

NOODLE CAFE
 LISMORE 
LISMORE
 2012-06-06 
YOU, COLIN

ST ELMO'S
BYRON BAY
BYRON
 2012-12-13 
HONEYWELL, ANGELA

UTOPIA CAFE
 BANGALOW 
BYRON 
2012-08-29
  HERNANDEZ, JUAN

WHAT A LOAD OF CREPE 
LISMORE 
LISMORE
 2012-09-16
 BURKE, JOHN DAMIAN

Friday 26 April 2013

While Metgasco spins its prospects the top investor loses interest


On 23 April 2013 The Northern Star reported that Metgasco Limited had left the door open to activating Dobie Bight wells, Harrier 01 and Corella P1.

This is a classic case of misdirection in the hope that local media and interested Northern Rivers’ residents would not notice recent share sales.

On 22 April Metgasco also lost CSG Nominees Pty Ltd (a wholly-owned subsidiary of  Liquid Natural Gas Group Limited) as its largest shareholder, when these companies divested themselves of 24,310,732  of the 34,570,577 shares  held at 21 September 2012.

It is unclear as to whether CSG Nominees intends to sell any remaining shares.


This share sell-off raises doubts about Metgasco’s somewhat unrealistic insistence that it still has prospects, presumably in Queensland and possibly in relation to LNGL’s Gladstone LNG Project.

The Australian Stock Exchange records Metgasco shares closing at 5.6 cents on 24 April 2013.

Anchor Resources expands its exploration footprint further into Clarence River Catchment


Chinese-owned Anchor Resources Limited has lodged a further mining exploration application ELA 4731 which will extends its proposed gold/antimony mining projects further into the Nymboida River sub-catchment of the larger Clarence River Catchment.

The Clarence Valley and Coffs Harbour  local government areas primarily draw the drinking water for an estimated 120,000 people from the Nymboida River system.

ELA 4731 sits above and below EL 6465 – Anchor Resources’ Blicks Project which is targeting gold, copper and molybdenum.

Opposition Leader Tony Abbott holds New Zealand up as a fiscal pattern card for Australia


This was Opposition Leader Tony Abbott during an ABC 7.30 interview on 24 April 2013:

Well, that's not a correct figure. Yes, we do have to find significant savings, but it's nothing like that figure. Nothing like that figure at all. And let's look, if I may for a moment take you across the Tasman to New Zealand. The New Zealand National Government is on track to get total government spending down from 35 to just 30 per cent of GDP without savage cuts by two things. First, they've made changes that have promoted economic growth, and second, they have religiously guarded against additional new spending. And that's where this government has gone so wrong. Every day we have ministers talking about difficulties with the revenue and every day the Prime Minister is out there announcing billions in new spending.

Apparently Abbott believes that the New Zealand national economy is doing better than the Australian economy because the NZ Government is spending less, posted an operating deficit before gains and losses of $3.025 billion in the five months ended to 30 November 2012 and, expects to have a modest operating surplus of $66 million in 2014/15.

So just how well is New Zealand doing in comparison with Australia?

Yes, Australia has a budget deficit in 2013 but then so does New Zealand.

Australia is also carrying a degree of government debt:

January 2000 to April 2013

But then again, New Zealand is no stranger to government debt either.

Yes, the Australian Government spends more on infrastructure creation than New Zealand:


However, Australia also has a better international credit rating (AAA) than New Zealand (AA).

Another difference is the fact that the New Zealand Government suspended payments into the New Zealand Superannuation Fund in 2009 and has not resumed them to date, while the Australian Government superannuation co-contribution payments have not been suspended and its safety-net pension payments have increased.

If one looks at 2013 March Quarter data found at the New Zealand Treasury website then it is obvious that Australia still compares favourably with New Zealand across a number of the eight graphs shown below.

Australia has higher real GDP growth, lower government debt as a percentage of GDP, smaller current account deficit, a lower unemployment rate and a higher gross national income level.


New Zealand only





New Zealand only

WhileThe World Bank allows this comparison of Gross National Income based on purchasing power parity: