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Positive Expectancy
- Joined
- 24 September 2008
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It would cost a bit more.Scrap the NBN - put the money towards a fast train between Melbourne - Sydney - Brisbane.
Two of the most experienced Australian business executives, BHP Billiton chairman Jac Nasser and Ralph Norris the outgoing chief executive of the Commonwealth Bank, have slammed the NBN which is set to cost tax payer $36B.
After announcing a rebate on capacity chargers in the early days of the NBN's establishment, Former Ford CEO Nasser was telling the American Chamber of Commerce audience in Sydney that the $36 billion being spent on the project was not an appropriate allocation of capital in Australia.
He said "When you try and marry large capital expenditures with a fast-moving pace of technology change, I think that is fraught with risk," he told an American Chamber of Commerce in Australia event.
"I am always concerned when a project such as this is driven by government rather than private enterprise. I worry about that. Little warning signs come up in my head."
Ralph Norris, the outgoing chief executive of the Commonwealth Bank, joined the criticism of the NBN saying governments did not have a strong track record of operating commercial ventures. "I've never been a great fan of government's running commercial or business entities," he told The Australian. "What ends up happening is that they end up getting run on a non-commercial basis."
Mr Norris said the cost of the NBN was a major investment that needed to be supported by a business case: "As for the NBN, there is a lot of infrastructure being made redundant and you have to ask yourself if that is cost-effective."
Turned the computer off and went to the movies. NBN can't come to Sydney fast enough for me.
If Jac Nasser and Ralph Norris are against the waste of the NBN, it is time for the government to listen, and abandon this folly.
And folly it is.
http://smarthouse.com.au/Wireless_And_Networking/Broadband/P9J9X6B9
gg
You are texting tongue in cheek, eh gg.
Jack Nasser who was leveraged out of Ford for almost sending it broke and a kiwi that ran a bank famous for gouging fees out of the Australian populace are qualified to tell Australians what is good for us now and long term. Good one. pee myself laughing.
If Jac Nasser and Ralph Norris are against the waste of the NBN, it is time for the government to listen, and abandon this folly.
Two of the most experienced Australian business executives, BHP Billiton chairman Jac Nasser and Ralph Norris the outgoing chief executive of the Commonwealth Bank, have slammed the NBN which is set to cost tax payer $36B.
After announcing a rebate on capacity chargers in the early days of the NBN's establishment, Former Ford CEO Nasser was telling the American Chamber of Commerce audience in Sydney that the $36 billion being spent on the project was not an appropriate allocation of capital in Australia.
He said "When you try and marry large capital expenditures with a fast-moving pace of technology change, I think that is fraught with risk," he told an American Chamber of Commerce in Australia event.
"I am always concerned when a project such as this is driven by government rather than private enterprise. I worry about that. Little warning signs come up in my head."
Ralph Norris, the outgoing chief executive of the Commonwealth Bank, joined the criticism of the NBN saying governments did not have a strong track record of operating commercial ventures. "I've never been a great fan of government's running commercial or business entities," he told The Australian. "What ends up happening is that they end up getting run on a non-commercial basis."
Mr Norris said the cost of the NBN was a major investment that needed to be supported by a business case: "As for the NBN, there is a lot of infrastructure being made redundant and you have to ask yourself if that is cost-effective."
And folly it is.
http://smarthouse.com.au/Wireless_And_Networking/Broadband/P9J9X6B9
gg
So that they can download the more expensive, less of a quota, faster?
NBN plans are more expensive with less capacity.
NBN can't be scrapped fast enough for me.
And if they had endorsed the NBN, I think you would be on your soap box crowing about it...
Yes, it seems to be the labor/green way. Discredit anyone who doesn't agree with them...
The future is mobility, mobility, mobility...
And if they had criticised the NBN, I think you wouldn't be on your soap box crowing about it...
Yes, it seems to be the liberal/conservative/redneck way, disregard anyone who doesn't agree with them.
Most people are not against the N.B.N they are against the cost verses benefits.
It's the same as the carbon tax, most people want clean energy( I have solar hot water and solar panels, recycle my grey water) it is just not at any cost.
The government is throwing away money like a person with 6 arms ($130B in debt from $20B surplus).
These grandiose ideas are fine but they have to be payed for, it won't effect me personaly, but I know it will have a huge effect on the people who can least afford it.
Nothing the government has done up untill now has been very successful. Therefore on their track record why take on bigger and bigger projects when they have had little success with small ones.
With the carbon tax, why not build a pilot power plant of say 100MW, to prove the viability. Before jumping in the deep end.
Why not build fibre to the node and fibre to the C.B.D and business hubs the businesses could probably self fund fibre to their building if they required the speed.
The NBN does not preclude mobility. WiFi will boom under the NBN, because you'll finally be able to connect your WiFi router to a network that can cope with the available speeds.
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