Sunday 27th of May 2018

hot air ergas...

ergas

One has a bone to pick with Ergas pushing his opinion on various platforms from the Sydney Institute to the ultra right wing rag of the merde-och press, The UnAunstralian...

Today the brave Henry (who, by the way, is far far younger than old Gus-the-Shithead) argues about the waste of Labor's NBN and that of the Collins Class submarine... Well Mr Ergas, one can say that having any weapons or armies of any sort is a waste of money...

As far as the NBN is concerned, there has been a bit of wastage due mostly to the fact that innovations have bugs to sort out, but far less wastage than could (will) be done should the 20 bit-steam engine concoction of the Liberals (CONservative) is put in place with copper and elastic bands at street corners... And of course as a communication expert, Henry sees little need for an improved system, especially improvements that could impinge on the free enterprise of Mr Murdoch monopoly...

I believe Mr Ergas is an expert economist on NOT-SPENDING MONEYS on anything that could have some creative input in it... Investing money to make money is cool in his book despite no-one being able to eat money...

Henry reminds me of the smart accountants of the 1980s who saved money "and posted profits" by investing nothing in future developments, by flogging workers into a pulp so that no work was being done — meaning no expenses on materials were laid out to make nothing... This theory worked for a couple of years until the cupboards were bare...

Actually this reminds me of a long story but here is the short version... There was this cunning clever fellow, Jim Milner, who saw that the tomb raiders and the bottom of the harbour scheme were about to hit his company, Soul Pat. Soul Patterson was not so much a chemist chain as an investor into all sort of stuff including coal mines in Indonesia... It was worth a few billions and had a tempting huge honey pot... So Milner made a cross-share ownership with a firm called Brickworks... This of course stuffed up the corporate raiders at the eleventh hour... As well, Good ol' Jim kept his "rustic" headquarters without plush carpets nor expensive filing cabinets... 

Still stuffing up raiders... Some "investors" are now complaining they can't get the full value of their investment out of the company... They should have known better... 

and talking of waste...

 

Senior figures in the Abbott government were among those who enjoyed ''free'' travel on VIP military aircraft to fly to Canberra for parliamentary sitting weeks, amassing a taxpayer bill of more than $2 million, Defence Department records reveal.

Former ministers in the Howard government including Peter Costello, Nick Minchin and Amanda Vanstone used ''special purpose'' VIP military flights to commute to Canberra with private staff members, despite having unlimited business-class air travel with Qantas as part of their ministerial perks.

Among those to ''catch a lift'' with Mr Costello were MPs including Kevin Andrews, now the Minister for Social Services, and Bruce Billson, now the Minister for Small Business.

The former treasurer was joined on VIP flights by his team of private staff, who included Kelly O'Dwyer, now a prominent Liberal MP who succeeded Mr Costello in the seat of Higgins.

Empty military planes, costing taxpayers thousands of dollars each flight, were sent from Canberra to capital cities to pick up the Howard ministers, despite on many occasions regular commercial flights being available.
The examination of VIP travel among senior ministers in the previous Coalition government adds to revelations of taxpayer-funded generosity afforded MPs through expense claims allowing them to attend weddings or travel cross-country.

Beyond prime ministerial travel - including then acting prime minister Wayne Swan's trip to the 2010 NRL and AFL grand finals - Fairfax Media could not find systemic use of VIP jets by Labor MPs during the Rudd and Gillard governments.

It is standard practice for prime ministers to use VIP jets, but Finance Department rules state other ''entitled persons'' including MPs ''should only use VIP military aircraft in special circumstances''.

Read more: http://www.smh.com.au/federal-politics/political-news/howard-cabinet-ministers-who-prefer-vip-air-20131026-2w8h3.html#ixzz2irVe6A2H


aaaahhhh, the shits were flying high...