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IFocus said:
Yep as the rate of falling revenue was continually misjudged............................just like the current Coalition government is doing right now.
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No, no, the budget's fine. Labor says so.

http://www.chrisbowen.net/media-centre/media-releases.do?newsId=6789

And they appose significant measures in the senate including $5bn of their own and Bill shorten and Tanya Plibersek are everybody's friend. Spend here, spend there, spend everywhere.

It's all fine.

Trust Labor. :rolleyes:
 
Paul Kelly on the upcoming FTA with China,

IN a tangible recasting of Australia-China ties the free trade agreement to be announced on Monday both eliminates market discrimination against Australia and gives many Australian service industries an unmatched position in China’s economy…

The critical point in the negotiations came when both sides, facing concessions that were too hard politically, agreed to postpone for three years the “deadlock” issues.

This makes it a two-stage deal. The main items deferred for the next stage are Australia’s decision on investment liberalisation for China’s state-owned enterprises and China’s decision on better entry for our rice, sugar, cotton and canola…

Referring to the rapidly expanding middle-classing of Asia and China, [Trade and Investment Minister Andrew] Robb says: “...If we can just capture the premium end of some of these Chinese markets we will set up Australia for the next 50 to 100 years...”

In relation to services, the FTA has about 40 areas where China has improved Australian access so it becomes equivalent or superior to that enjoyed by other nations. An illustration of the potential is the access the Australian aged-care industry will now have to China’s market…

Services constitute 80 per cent of our gross domestic product but only 15 per cent of exports. [Robb] sees the middle-classing of Asia as the opportunity for a range of expanded services such as finance, insurance, tourism, health and medicine, education, construction and water management....

Under the FTA, a wide range of Australian agricultural exports (beef, most grains, seafood) will see tariffs reduced to zero between now and 2021.

On investment, Australia has accorded Chinese private investment the same threshold as US and Japanese investment. This means investment proposals below the $1.08 billion threshold will not require Foreign Investment Review Board approval…

China has agreed to reverse the higher duties it recently imposed on our coal exports. The coking coal duty will be reduced to zero. The thermal coal duty will be cut from 6 per cent to 4 per cent at once and then phased out across two years.

Careful provision has been made for China to bring skilled labour to Australia. Temporary access can be negotiated for major projects worth more than $150 million, if the skills are not available in Australia. This would be negotiated on an enterprise-by-enterprise basis…

“I think we are on the cusp of a new wave of foreign investment from Asia,” [Robb] says, given that China has $4 trillion in reserves, about the size of its equity market.
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http://blogs.news.com.au/dailytelegraph/andrewbolt/
 
drsmith said:
Paul Kelly on the upcoming FTA with China,



http://blogs.news.com.au/dailytelegraph/andrewbolt/
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Considering how effective the monitoring 457 visas has been I can see the Chinese importing labour by the plane load.

Considering the FTAs Australia already has, with services usually been one of the few areas we've had increased market access, the fact is over decades our companies haven't been able to compete particularly successfully on the global stage. Our banks are littered with failed attempts to internationalise. AMP gave up AXA in China.

Farmers may benefit if the Chinese are willing to pay a higher price for produce, but the scope for increasing production is rather limited.

China will work out other ways to protect the home market. You only have to look at the way they've enacted new rules for credit card payment processing by basically putting the current union pay system as the standard, locking Visa and Mastercard out of the market to see what they're capable of.

Pretty much none of the benefits touted for the AUs-US FTA eventuated.
 
Just to stick the boot in could the Abbott supporters here please come out and say how proud our PM made us all feel feel from the G20 I thought winging about domestic issues was particularly relevant and no doubt reverting for the other word leaders.

BTW the only shirt font to Putin goes to the Canadian PM, Abbott offered a wet lettuce / Koala so much for balls maybe the Australian navy gave him advice on how big the Russian navy is.
 
I have to admit to being completely puzzled by Mr Abbott's presentation to the world leaders his worries about our domestic budget difficulties. Seemed extremely inappropriate, but I suppose he was trying to create an atmosphere where each individual could similarly comment on the particular difficulties they face on their own domestic fronts.

Still less than great in an international forum.

Kudos to Stephen Harper for his upfront remark.

I know this is really silly, but I almost feel sorry for Putin who has not been given an opportunity to offer his side of the story on either the Ukraine or the crash of the Malaysian Airlines flight. (FWIW I suspect the most likely explanation on the latter is not at all that the Russians intentionally shot down a commercial flight, but that some dope on the ground intended the missile to go for an enemy plane. In other words, a ghastly accident. ) That guess might be completely wrong.

When you look at all the world leaders here this weekend, Putin has years and years of experience over all the others, yet has been treated with consummate rudeness. Perhaps that's entirely appropriate. I'm not sure.

If there was any shirtfronting done it was by Obama toward Abbott in a frantic attempt to make himself relevant on the world stage when he no longer is.
 
Julia said:
I have to admit to being completely puzzled by Mr Abbott's presentation to the world leaders his worries about our domestic budget difficulties. Seemed extremely inappropriate, but I suppose he was trying to create an atmosphere where each individual could similarly comment on the particular difficulties they face on their own domestic fronts.

Still less than great in an international forum.

Kudos to Stephen Harper for his upfront remark.

I know this is really silly, but I almost feel sorry for Putin who has not been given an opportunity to offer his side of the story on either the Ukraine or the crash of the Malaysian Airlines flight. (FWIW I suspect the most likely explanation on the latter is not at all that the Russians intentionally shot down a commercial flight, but that some dope on the ground intended the missile to go for an enemy plane. In other words, a ghastly accident. ) That guess might be completely wrong.

When you look at all the world leaders here this weekend, Putin has years and years of experience over all the others, yet has been treated with consummate rudeness. Perhaps that's entirely appropriate. I'm not sure.

If there was any shirtfronting done it was by Obama toward Abbott in a frantic attempt to make himself relevant on the world stage when he no longer is.
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The whole G20 thing was a crushing bore with very little output.

Our great leader had the opportunity to make an inspiring speech about making real progress on common problems, but gave an embarrassing list of cop outs on domestic issues which no one else had the slightest interest in.

Insiders showed photos of the group around the table and they were all bored off their faces. Tony Abbott really hasn't got what it takes to be leader of this country.

I wouldn't feel too sorry for Mr Putin. The Russian Navy's intimidatory showing off our coast just indicates that Putin doesn't really care what others think. I'm sure if he wanted to explain about Ukraine or MH17, he has had plenty of opportunities to do so, both publicly and privately to other world leaders.
 
Julia said:
I know this is really silly, but I almost feel sorry for Putin who has not been given an opportunity to offer his side of the story on either the Ukraine or the crash of the Malaysian Airlines flight. (FWIW I suspect the most likely explanation on the latter is not at all that the Russians intentionally shot down a commercial flight, but that some dope on the ground intended the missile to go for an enemy plane. In other words, a ghastly accident. ) That guess might be completely wrong.
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I don't think anyone is saying he pressed the button but rather that he supplied the weapon for someone else to apply their digit to the aforementioned button and then reclaimed the weapon once the "unintended incident" had occurred.

It was an incident rather than an accident with Putin being guilty of neglect for providing the rebels with the weapon in the first place.

TA has led the way in relation to outrage to Russia's involvement and while his shirtfront comment was poor, he's been the one to lead the way for others to follow in their criticism of Putin.
 
IFocus said:
Just to stick the boot in could the Abbott supporters here please come out and say how proud our PM made us all feel feel from the G20 I thought winging about domestic issues was particularly relevant and no doubt reverting for the other word leaders.

BTW the only shirt font to Putin goes to the Canadian PM, Abbott offered a wet lettuce / Koala so much for balls maybe the Australian navy gave him advice on how big the Russian navy is.
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Firstly, I believe you are parroting what you heard on Insiders this morning by that lefty who is a Journo with the Age....He used the term whinging.

Why do you enjoy sinking the boot into Abbott?...that is not very nice coming from a well educated person like you.....I would have thought a well known person like you would have had more respect for our Prime Minister who won the last election with a spectacular massive majority.......would you like someone to sink the boot into you?......We all know, including you, how good Abbott is so why are you asking us to confirm it?

So how do you know what Abbott said to Putin or are you just surmising?

When Shorten was asked what he would have said to Putin, Shorten said "NOTHING"......What a coward...what a sook......no gutz, no glory....He crawled up into the foetal position and kept one eye closed.
 
IFocus said:
Just to stick the boot in could the Abbott supporters here please come out and say how proud our PM made us all feel feel from the G20 I thought winging about domestic issues was particularly relevant and no doubt reverting for the other word leaders.

BTW the only shirt font to Putin goes to the Canadian PM, Abbott offered a wet lettuce / Koala so much for balls maybe the Australian navy gave him advice on how big the Russian navy is.
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So Abbott used a wet lettuce/koala....I don't think so .......check out this link.


http://www.dailytelegraph.com.au/ne...ogy-compensation/story-fni0cx12-1227119850458
 
The lead story at the online SMH? Somebody's having a tantrum about climate change.

Australia suffers another cringeworthy moment during G20 summit
November 17, 2014 - 6:40AM: http://www.smh.com.au/business/g20/...moment-during-g20-summit-20141117-11nxg9.html

And who is this columnist, and how does she get a byline attacking our PM and by association the nation?? She's the LA Times Johannesburg correspondent. Robyn Dixon: http://twitter.com/robyndixon_lat

The landmark Free Trade Agreement with China, a massive achievement for the nation and for the Abbott Government, comes in as the SMH's 4th listed story. 4th.
 
To be fair, only the announcement has happened. The release of the story is today. I bet it's front page news tomorrow. News though appears to have been given some scoops on the detail.

Also today, the ABC cuts will be announced. I know this because all the Newscorp publications have prepared us for it over the weekend.

In the Herald Sun, the Obama/China deal last week was reported in a tiny column of 3 paragraphs on the second page with no pictures and a tiny headline.
 
Just looked at the Age and the Trade deal is front page!
The success of the G20 summit is pages 2 and 3.

Not sure what's going on with the SMH.
 
http://www.theaustralian.com.au/nat...t-says-business/story-fn59nm2j-1226876184926#

[ACCI] said that some FTAs were so poorly drafted that most Australian firms selling goods to those countries did not even claim preferences to which they were entitled, because of the cost and delays involved. He said the Korean FTA was the worst…

…unless technical elements of the Korean deal are redrafted before it is formally ratified, it will become *“unworkable in a commercial sense”, as will the Japanese deal if its compliance clauses are not drafted in a business-friendly way…

In a recent survey, most Australian exporters told the ACCI the technicalities precluded them from understanding Australia’s FTAs to date…
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At least 6 Aussies are languishing in Chinese prisons when their Chinese business partners turned on them and used the rigged legal system them to generally steal companies Australians had helped to start.

I can picture Chinese companies selling off the right of a 457 Visa job in Australia to the highest bidders. They may "pay" Australian wages but likely claw them back in some way.

Stern Hu has showed the Chinese can change the rules of the game any time they like by declaring publicly known information as a state secret. Australians may want to hold all their business meetings outside the mainland.

The 5000 working holiday visa is good though. Might help the young Chinese see what life in a relatively free society is like. It's that kind of soft power than helps to change things for the better.

HSBC did some research earlier this year:

Australian exporters have been slow to take advantage of the business benefits of FTAs. On average each FTA signed by Australia is used only by 19% of Australian exporters, compared to an average of 26% among Asian exporters using their respective markets’ FTAs.

The research also found half of the Australian respondents had limited or no understanding of one or more of Australia’s FTAs, citing complexity of trade terms, a lack of understanding of benefits, and deals with non-strategic markets being the key factors behind the subdued uptake…

Amongst the Australian companies who use an FTA as part of their business strategy, 75% have experienced export growth with the main competitive advantages being access to new markets (nominated by 40%), access to a wider client base (39%) and the creation of new business opportunities (37%).

Hogan concluded: “Australian exporters that invest the time and resources to understand FTAs and imbed them within their business strategy are seeing clear business benefits. However, greater focus in making FTAs more accessible to Australian businesses – particularly amongst smaller and resource-constrained businesses – s also key.”
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sydboy007 said:
http://www.theaustralian.com.au/nat...t-says-business/story-fn59nm2j-1226876184926#



At least 6 Aussies are languishing in Chinese prisons when their Chinese business partners turned on them and used the rigged legal system them to generally steal companies Australians had helped to start.

I can picture Chinese companies selling off the right of a 457 Visa job in Australia to the highest bidders. They may "pay" Australian wages but likely claw them back in some way.

Stern Hu has showed the Chinese can change the rules of the game any time they like by declaring publicly known information as a state secret. Australians may want to hold all their business meetings outside the mainland.

The 5000 working holiday visa is good though. Might help the young Chinese see what life in a relatively free society is like. It's that kind of soft power than helps to change things for the better.

HSBC did some research earlier this year:
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I'd be extremely suprised, if China doesn't own us in 50 years or so, anyway.
 
sptrawler said:
I'd be extremely suprised, if China doesn't own us in 50 years or so, anyway.
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They've depleted most of their water resources. They've been siphoning water from other areas to Beijing, but that can only stave off the inevitable.

http://www.economist.com/news/leade...as-desperate-water-shortages-grand-new-canals

SOON the centrepiece of one of China’s most spectacular engineering projects will be completed, with the opening of sluicegates into a canal stretching over 1,200km (750 miles) from the Yangzi river north to the capital, Beijing. The new channel is only part of the world’s biggest water-diversion scheme. More than 300,000 people have been kicked out to make way for the channel and the expansion of a reservoir in central China that will feed it. But the government is in a hurry, and has paid their complaints little heed.

China’s leaders see the so-called South-North Water Diversion Project, which has already cost tens of billions of dollars, as crucial to solving a water problem that threatens the country’s development and stability (see article). Grain-growing areas around Beijing have about as much water per person as such arid countries as Niger and Eritrea. Overuse has caused thousands of rivers to disappear. The amount of water available is diminishing fast as the water table drops and rivers dry up; what little is left is often too polluted even for industrial use. The World Bank has said that China’s water crisis costs the country more than 2% of GDP, mostly because of damage to health. The new supply’s arrival in Beijing will thus come as a huge relief to officials. Indeed, so desperate is the lack of water that some have in the past suggested such drastic answers as moving the capital.
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Sao Paulo in Brazil is near collapse due to the long running drought there. Reservoirs down to 4% and likely to be empty by March 2015 without significant rainfall.

Go west young man no longer works in a resource constrained world.
 
I have to say the $7 co paymentG20 leaders was a bit ordinary, but the fumbling linked arms handshake has to go down as more cringe worthy than Menzies "did but see her passing by" episode.

Seems the LA Times isn't all that fussed about us yokels and hicks either:

http://www.latimes.com/world/asia/la-fg-australia-parochial-20141116-story.html


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