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Who sold CBA ?
They want to do the same with the NBN, but how will the taxpayer get value for money if the underlying investment does not earn a commercial return in the first place ?
Who sold CBA ?I would argue that big ticket infrastructure is also a basic Government duty...who built the old copper network? who built the bulk of the electricity distribution network? would private enterprise build the snowy scheme?
remember the last 2 Sydney - Melbourne very fast trains...come to nothing after the Govt feasibility money ran out....Dr you are obviously a fan of do nothing, hands off government, 1 vote Tony is your 'go to man' when you want nothing done.
The NBN debate really focuses our choice in this election...going forward with Julia and going nowhere with Tony...i know where i want this country to go.
How can she do it now? There is no NBN mainland deployment - it is only just beginning.
I was trying to keep the politics out of this thread. How much is Labors PPL costing? HUH ?
AUSTRALIANS understand high-quality, affordable broadband is a critical part of the infrastructure we need to prosper.
As one of the founders of OzEmail, Australia's first big internet company, I believe passionately in broadband and the power of the internet. But as a businessman and member of parliament I also believe passionately in not wasting taxpayers' dollars on white elephants.
So what's the broadband debate about? On the one hand Labor is spending at least $43 billion (and maybe much more) on the most expensive network in the world.
On the other, the $6bn Coalition plan will fix those parts of Australia's broadband infrastructure where intervention is justified: increasing competition in the main networks that link towns and cities and subsidising faster connections in poorly served suburban, regional and rural areas.
The Coalition's spend is less but all Australians will have access to privately provided broadband services, most of which are virtually indistinguishable from Labor's, just at a much lower cost.
I think the key questions most people have identified in the debate is whether this particular piece of national infrastructure is best value for money in terms of
1) Cost efficiency of implementing it
2) The economic and social value it might generate
3) Other priorities for scarce resources
I tend to think that the economic value of super fast internet is overrated. When people already have access to ADSL 2 the extra speed seems to be to simply download movies a bit faster. Obviously there will be some particular business capacities that are worthwhile ie teleconferencing but these can be accessed through current internet capacities. (And anyway the price gouging in the middle of these operations does not make them particularly business friendly)
My overriding concern is that I can see many other priorities for large licks of capital. In a particular I think our electricity supplies should be overhauled with a focus on long term renewable energy. ie solar thermal power stations, geo thermal power stations, possibly wave, wind. This is a big bill.
I suggest that if we start to see a continuation of the extreme climate events now becoming more common around the world there will be equally large bills for national reconstruction. Certainly the CSIRO has flagged this question repeatedly in it's discussion on the effects of climate change.
In 1995-2000 if you were trading equities you would have used a few kbytes of data to place your orders over the phone to your broker. Today you're probably using 50-100megabytes filling your charts with data and executing orders on line -
That's one - relevant to this forum - example of how this network will help us go forward - now times that by about 1000 for the rest of the services sector.
I cannot fkn well believe how many people are ****canning this when all throughout the Howard years people yearned for infrastructure planning and here comes possibly one of the smartest infrastructure projects since the Snow Mountains Scheme.
I cannot fkn well believe how many people are ****canning this when all throughout the Howard years people yearned for infrastructure planning and here comes possibly one of the smartest infrastructure projects since the Snow Mountains Scheme.
Who sold CBA ?
They want to do the same with the NBN, but how will the taxpayer get value for money if the underlying investment does not earn a commercial return in the first place ?
My overriding concern is that I can see many other priorities for large licks of capital. In a particular I think our electricity supplies should be overhauled with a focus on long term renewable energy. ie solar thermal power stations, geo thermal power stations, possibly wave, wind. This is a big bill.
Wiki link said:A smart grid delivers electricity from suppliers to consumers using two-way digital technology to control appliances at consumers' homes to save energy, reduce cost and increase reliability and transparency. It overlays the electricity distribution grid with an information and net metering system.
Such a modernized electricity network is being promoted by many governments as a way of addressing energy independence, global warming and emergency resilience issues. Smart meters may be part of a smart grid,
No.Tell me have I got this wrong???? we are going to spend $$$$$$$$$ on this new F/O cable, now most of my info on the net comes from overseas in a COAXIAL CABLE, now no matter how fast Australia is, I am always going to be slowed down by the coaxial cable, am I right?????????, thanks.
Australia has to move towards the fast lane on broadband as Japan is so far ahead. Second rate technology in the Aussie Tiger economy isn't thinkable.
The maths is pretty easy...Telstra has 9 million fixed line customers that they either direct sell to, or provide for wholesale via other retailers....Telstra as part of the deal they have done with NBNco will be forced to hand over there customers as the copper lines will be made redundant.
9 million X $25 a month = 225 mill a month x 12 months = 2.7 billion a year..and that's just the wholesale for the most basic service, to really understand what's going on you have to turn back the clock to the 60's and 70's and think Monopoly.
NBN co will basically be a monster monopoly with 100% of the wholesale market...Telstra will just be a big retailer (#1 retailer) and perhaps service provider.
We need a smart electricity grid...and before we can spend the money on the smart grid you need a information delivery system...say something like a national (light speed) fibre optic network to enable the upgrade of the national electricity grid to a smart grid.
http://en.wikipedia.org/wiki/Smart_grid
It's not just the cost factor but also whether they can actually get it right.Everybody wants high speed broadband if it is at an affordable price. The problem is whether a socialist government can actually manage the cost of the roll out. We know their record. They have given us a figure of $43B which they have plucked from thin air.
all of you do yourselves a favour and read Quigley's speech: http://www.itnews.com.au/News/229175,quigleys-big-stand-the-full-speech.aspx
Tomorrow we will be releasing a more detailed 80 page technical Product Description document for our Fibre product.
Our business case requires equity funding by the Government of around $27 billion. This is not the total capital costs, as we expect to raise debt, without Government guarantees, of at least $10 billion.
As one of the founders of OzEmail, Australia’s first big internet company, I believe passionately in broadband and the power of the internet.
But as a businessman and Member of Parliament I also believe passionately in not wasting billions of taxpayers' dollars on white elephants...
The NBN will increase internet costs for users
Full story: http://www.businessspectator.com.au...wireless-pd20100816-8D3V8?OpenDocument&src=mp
Once the government has built a vast white elephant of a network, utterly incapable of earning a reasonable return on capital invested but legislatively assured of a monopoly over carriage of internet and telephony services, what do you think is going to happen to user charges?
One possibility is that the monopoly provider, protected against all competitors, jacks up prices as far as it can. The implementation study estimates that for the NBN to earn merely the bond rate, real prices will need to increase by 1 per cent a year rather than decrease rapidly as they have in recent years and will continue to do in other countries. Industry experts anticipate monthly bills that could be in the hundreds of dollars.
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