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Don't go to summits when the main players don't turn up.
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Well known personalities who have passed away recently (Renamed)
Marty_d replied to onetrack's topic in General Discussion
Another great actor gone - Patrick Stewart, best known as Captain Jean-Luc Picard in Star Trek. -
My unexpert summary is this:- Although we wish that the government can control the big economic picture, they really can't. With the unlikely exception of major politico/economic suicide. Mostly our economy is largely influenced by the world economy, of which we are a minor part. All we can do is tinker around the edges with details. I don't see the complainers coming up with examples of great ways to 'fix' the perceived problems. Just saying 'chuck em out!' is not an answer.
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The flight in the video from St Helens Park to Bankstown was over my old stomping grounds, so I knew exactly where the aircraft was all the time, except the right hand circuit to 29. So the navigating wasn't a problem for me. My difficulty would be learning the radio work since when I flew at Bankstown years ago the amount of radio work was minimal. However, an experieinced pilot who took the time to study the documentation should catch on pretty quickly. Afterall, we have student pilots whose training base can be airports like Canberra where the student has to be as good with the radio as an airline pilot.
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Think I'd like to do that in a sim a few times, first. Nev
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This post is really random, but I figured you blokes would be interested to see the new procedures for flying into Bankstown now that Western Sydney Airport is operational. As you go through the video pause it and havea look at the VTC and see all the airspace changes. In the comments, someone says that new peocedures for departing Bankstown mean it taakes longer to even get to the runway. By the way, the ME in the title is not me.
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The old politics gets people going!😁
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Is there anything in his statement that you find objectionable or Dangerous to the Country.? It's also 0ver 6 years ago. Has he written anything Since? More recent and SO WHAT? Trump is good MATES with Putin? IF some Fabians vote for Albanese is that a problem? People belong to the IPA, and the Australian Christian Lobby and Sco-Mo wanted to sell Australia to the Pentecostal Church and SANTOS. Get REAL GON.. Nev
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Speech by Albanese in Australian Fabians ... https://www.fabians.org.au/afr1_2020_vision
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Albanese’s Political Alignment Anthony Albanese is identified as a Labor Left member of the Australian Labor Party (ALP). Wikiwand The Labor Left encompasses a range of ideological influences, including Fabian social democracy, democratic socialism, Keynesianism, and New Left traditions. Wikiwand
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Brendan, this is what you need: https://www.ustraveldocs.com/au/en/immigrant-visa
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Wanna Bet? They are completely divided against each other with the Libs. Nev
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This is a typical reply Always going back to what previous governments have done. We need to worry about what is going on now and find a way to fix it. Victoria has a chance to get rid of the socialist left party that has sent us down the drain. Let's hope they kicked out. I don't know if anyone else will do better but they can't do any worse.
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Definitely got your head in the sand
- Yesterday
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When I go into Melbourne the Large Number of Giant trucks is what I notice most. Upping the Allowed weight of them wouldn't help road surfaces, particularly when there is a Lot of rain. Once water gets under a road it's stuffed. Nev
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Sco- Mo would be the Worst, since Billy McMahon. No-one Mentions either of them in a good Light. The high Price of Diesel flows on to everything Transport costs, Tourist destinations, Caravan sales. Makers are going broke in large numbers. Fuel prices are also uncertain and MAY go higher. Trump is not helping, and is in fact Most of the cause. WE could NEVER have stayed at a near zero Interest rate and the Previous Reserve bank Governor did great damage by saying the interest rate would NOT change for 4 years. People bought Houses they could not afford to pay off when interest rates went closer to normal, encouraged by John Howard at the time as the Best investment, one could make. Howard also bought votes, rather than Pay off debt or build Infrastructure.. It's ALL on the record. Nev
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I agree on industrial relations to an extent; The Fair Work Act is a minefield and extends well beyond what would normally be the employer/employee relationship. The CGT reform was needed; and I get a lot of people are going to be affected as a result. But the distortion in the property market was palpable, and now asset classes are all treated equally. Of course, real estate is not a liquid asset, and he probably could have used transitional arrangements. But that would probably have had worse political ramifications. Looking at his performance against the G20 for the period he has been in office and it's a mixed bag; Better on growth; kept peak inflation less than his peers, but inflation is stubborn (probably a facet of an importing heavy nation). Unemployment is significantly lower than his peers: Pre COVID, the LNP did slightly better: But, there were some structural challenges Albo has that they didn't: The LNP governed through ultra-low interest rates the whole time. This is very good for economic growth. And so did most of the rest of the world, which means the money globally was flowing more freely. By the time Albo got in, the interest rates were already rising globally, and the brakes were on. The LNP enjoyed a global environment of low inflation. When Albo took office, the cost of living crisis had already started. The above graph goes until 2019 (so ex COVID). For the whole time the LNP was in, there was a resources boom that contibuted very nicely to the Aussie economy. It is picking up now, but Albo's government didn't quite have that luxury.. and that was a product of mainly Chinese demand and not the Aussie government. There was no geopolitical issues of note during the LNP period, and of course, none off the fuel shocks we are having now. I want to be clear.. I think there is a lot of room for a lot of improvement. But to call him our worst PM since Whitlam is a bit of a stretch.
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Should answer your question.. My comparison with SFM is tp show he ain't worse (nor better) than the next one. Am I accepting it? In so much as there isn't anyone too much better to lead at the moment, IMHO. It's not great for me to admit it, but, as you say because of a lack of quality political leaders, is a sad state of affairs and cutting one's nose off to spite their face seems counterproductive given the benefit the change has already had. In terms of picking and choosing promises - I am not sure what you're referring to; all I did was regurgitate stats and I did qualify by saying by itself is not a good comparator. It is meant to be illustrative to Brenden mostly that not only Albo lies. I have to admit, I don't quite understand this comment.. Who was referring to the last government. Didn't Albo take action to stabilise (and return to normal levels) the housing market.. for now and in the future? What have I missed. Yep, he did like - well I believe he did.. And yes, he is paying for it politically at the moment. He timed it so (for him) the correction was swift and more people could afford homes and by the time the next election came around they would be thanking him in the ballot box resulting in a notching up of the price so those affected by the price correction could see the upside. I have to admit, he is not the master of political timing and trying it when there were geopolitical tensions that were likely to spill over and result in a global fuel price shock was not the smartest thing to do, politically. Is that the best you can do. Let me stoop to your level.. if you think the others are better, then your head is firmly wedged in a place where your torso has to form a semi-circle to get your head to. Quite, tightly wedged, too.. And part of my job is to research economies and economic performance. So, here is a graph for you.. It's the 10 year Aussie Federal Government Bond Futures Index: What it is saying is that basically, that 10 year bonds issued by the Federal government are likely to increase in price, meaning a lower yield (interest rate). This is the Standard & Poors index, which is an industry benchmark: https://www.spglobal.com/spdji/en/indices/fixed-income/sp-asx-australian-10-year-treasury-bond-futures-index/#overview In other words, a lot of highly qualified people who are much better than your and I put together at assessing current and likely future economic performance are putting bets on Australia as they think the current government and the RBA are doing a pretty good job managing the finances and economy. These are futures contracts rather than the bonds themselves and they represent an agreement to deliver a certain number of 10 year Aussie bonds for the stated price at the maturity of the futures contract. These are exchange traded and there is a very liquid market in 10 year Aussie bond futures. The markets are effectively saying, at the moment, we think the cost of borrowing for Australia will come down. That will be predicated by good economic management; otherwise, the riskier the loan, the more interest you will pay. The fixed income market (bonds) is the canary in the coal mine of economic performance- it responds much earlier to economic activity than the stock markets. And the futures market is the early warning system of that canary. At the moment, Australia is looking very good, indeed. Sorry to rain on your parade. Ironically, you may want to bet against the Aussie dollar because as the price rises, the yield drops and investors will look for better returns.. However, the RBA always intervenes to ensure Australia remains competitive in the investor market. What would happen to the curve if any of the others got in? The reality is I don't know. But, as the election gets closer, we should take a look at the curve against who is the favourites and see what it has to show us. Just remember that.. the people who are risking large sums of their money (for many, their livelihoods) are banking on the Australian government and RBA doing a good job managing the economy. Futures are a zero sum game; you bet the wrong way, and you lose it all; they're not like equities where unless the company goes broke, you can extract some value from each share you hold. And, it's not the only thing we could use to measure performance, but it is a good first cut.
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Do you really believe they weren't planning to do anything with this before the election. Like I said I expect a lot out of politicians. Sounds like you are just accepting it. The total promises tracked. That sounds like a way of picking and choosing what promises we will look at. Maybe they got Albo to choose the ones they looked at. This would be a good thing https://www.bbc.com/news/articles/ce8n99727lvo Yep you are right, but the government should not be spending money it doesn't have to. The climate talks they just had in the Philippines for example. None of the major polluters rocked up and it ended up by the Pacific Islanders telling us Australia has to do more. Who didn't know that's what they would say! What a waste of taxpayers money yet we have young people who need to choose between eating, paying rent or paying bills. As I said in my post, we haven't had good politicians for 30 odd years. I also said Albo is the current prime minister so at the moment the buck stops with him. I am pretty sick of politicians from all party's blaming the last governments. FFS who cares, I want to know what they are going to do about it in the future. N0-one said it was made up by labor but they are currently saying how good it is. Misleading. Again it is not just this party but they are the ones currently in power. Remember they were going to be transparent. Looks like they lied about that as well. If ON does alright at the next election, labor and the coalition only have themselves to blame.
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Why don't you do some research yourself. The fact You think albo is a great pm shows you have your head in the sand.
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Hope you get them.
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It isn’t that he is a liar, that is in the job description. It is the left wing policies in industrial relations, taxation and welfare that are destroying our economy. Worst PM since Whitlam.
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All nice fleeting statements, but can you back it up with hard evidence?
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Two months, that's bizarre for something that size. Like a third world country. What's going on down there, is the council bankrupt or something?
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Albanese is a global citizen, he was honored as such the other week somewhere overseas. He has little interest in Australia because he thinks more in global terms and he only sees Australia as a landmass to park millions of immigrants from third world countries, to please his global mates and big note himself ... "look at me, I'm helping the poor of the World" Australia takes a back seat with him and the Labor party. Fabian Albanese wishes for a Global Government. To him, Australia is just small fry in a bigger picture.
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