Jerry_Atrick

Care to name the offender.. there was a lot of disinformation about the key players in the saga I am thinking about.. The Aussie Human Rights Commission basically said nothing to answer to.. Despite this, the club decided to pay up anyway

Sorry mate.. that's all I can say

Jeepers. that is a bit dark.. did he cause grief in your life?

I saw an article that Chump's approval rating had improved significantly afte the Iran bombings, but can't find it. Most say it is the same, improved a little but still negative. Personally, I think he is doing a better job than he was.. not because of the middle east, and definitely not because of Ukraine, nor really, any of what he is doing. But any president who drops the F Bomb like he did rises, in this case, only very slightly, in my estimation. Still quite low, but, he was talking about Carlton, after all..

Yep.. Same with large/mega projects around the world - both public and privately run. Just looik at Hinkly Point C, which is run by EDF: https://www.thechemicalengineer.com/news/hinkley-point-c-could-go-28bn-over-budget-as-edf-predicts-further-delays/ That is a private company, too, although majority owned by the French government. There are big winners in those projects and big losers - the losers are the taxpayer/consumer.

I have had to do something I haven't had to do for a long time.. water our outdoor pot plants.. One I think was too thirsty for too long; the others were looking wilty, but OK... I can't recall the last time I watered an outdoor pot plant - with no losses to pot plants yet.

When I moved from nuclear/energy to banking, I got a contract in wholesale credit risk projects. On my induction, the global head of credit, who had a balance sheet bigger than Australia's GDP, said that they don't want to lend to those who need it and bust a gut to lend to those that don't. And yes, when they have large exposures to a corporation that turns sour, it is their problem, not the corporations. And their recovery team works hard to see their teetering client can stay afloat well before drawing the curtains on them.

'Twas a tongue in cheek comment (hence the emoji). I have spent a lot of time in Europe on client sites at nuclear facilities, so they tend not to be in the glitzy, glamorous part of town. And like you, especially when working, I mix with the locals. And over both Western and central/Eastern European countries, apart from the old buildings, many of which are designed for their climate pre-heating/airconditioning times, and therefore are more environmentally friendly. I don't recall much more dog poop than in streets of Melbourne. Europe not cheap? Are you having a laugh? Maybe for the Aussue $ it isn't. but Australia is definitely not cheap, either. Last time I was in Aus (2018), I was aghast at the prices.. $4 for a loaf of bread (Tip Top's the one). Warbutons (equivalent main brand) was, at the time, about £1. 500ml soft drink at the servo was about $5, whereas here it was about $1.30 at the time. I am telling my family that they had better get used to less material things and treats on the move to Aus. And Europe in general is cheaper than the UK.. however, you can't generalise. Nordic countries are a lot more expensive, at least on food and drink. And western European countries are generally more expensive than Eastern European countries within the EU, let alone those outside the EU, with Solvenia being the notable exception. So, it depends on where in Europe you are. As to cleanliness, I find that also depends as well. You would be surprised at how clean some of the Eastern and Central European places are. Our family holidays tend to be in Cyrprus, and yeah, they do have a problem with their rubbish in that it is just piled in these massive wheelie bins and in holiday season at holiday hotspots is often overflowing.

While the west argues about whether or not to adopt EVs, often with the facts distorted by those with vested interests, China just gets on with it with few problems and a vision. We say the US dynasty is in its dying throes, but I can't help it is the western cultural and political system that is.

You are kiddign me.. Got a link?

Jeepers.. that is absolutely shit, isn't it. It sounds like it coincided with when Monte Carlo simulations were introduced into finanacial risk management, although this method is usually used for capital markets (traded products) rather than lending products risk management. I am guessing other statistical methods were also being brought in at the same time.. Beta Logit, Tobit, etc all came in around the same time. My guess is that the banks ran their simulations, checked them, and then started the process. This was under the Basel I accord (Bank of International Settlements in Basel) captial and risk management requirements, of which, to be honest, I have no real idea what was required. They came out in 1988 but would have taken a while to implement. I don't know, because: Isn't that great advice, and if given sufficient education as part of the schooling system, is something you would have known before having to learn the hard way? Yeah - you may have lost the value of your debt, or a bit more as they have to apply a haircut to the collateral, but you would know that and could esnsure they weren't overreaching. I can't speak for Aussie financial law, but certainly these days, this would be hard in the UK. There was a recovery (or loan workout) unit of then RBS called Global Restructruring Group (GRG), Look it up on Google, but RBS was eventaully compelled after a class action and the press picking it up, to pay compensation to many victims of their conduct and resulted in changes to the law. I am glad you have come out the other side of it ultimately positively, but your example is why banks need better regulation. Sadly, not much has come out of the Royal Comission...

From the article: "Australia has the highest rate of mammalian extinction in the world," That is a sad indictment of such a wealthy country.

soon or allegedly but soon seems odder.

You must have taken the el-cheapo holidays or something 😉 Yep, at some sites, thee are too many people.. Don't go during the peak holiday season. I was in Frankfurt a couple of weeks ago and inadvertently ended up in a deprived (and depraved) area.. Yep, it wasn't too great, but not much worse than similar areas of Melbourne. I also walked a couple of miles from the centre of the city - sort of going form central melbourne to maybe the beginning of Sydney Road, Brunswick distance. Once outside the CBD area, well curated tree-lined streets, local taverns where locals were enjoying a drink and dinner al fresco - all nice and calm - no nutters driving about in their V8s dropping burnouts, and the like. Everything relaxed, and no dogship, either. Made me question my move back to Australia. Although I am probably not welcome there as I did mention ze war... Which is exactly why pupils should be universally educated at an early age then. We teach our kids the three Rs at an early age to build the foundations. And these are needed, but because these two subjects govern one's life even before they leave the relatively protected life of school and transition into the big bad world, don't you think we should educate them on how it works so they can navigate the minefields a lot better than they do now? Knowledge is power. As it stands, only those that proactively want to gain the power, whether it be for vested interests or protection of others. The more power everyone has, the less predatory those two elements of society become. Also, I wasn't talking just economics, but the financial system.

5'5"