Showing posts with label ASIC. Show all posts
Showing posts with label ASIC. Show all posts

Thursday, 10 May 2018

Andrew Bolt's Blog, 10/5/18; Bolt's commentary says nothing we don't know and a lot he avoids; ASIC Funding cut;


CAN YOU BELIEVE THIS? ABBOTT REDUCED THIR FUNDS NOW TURNBULL HAS

ASIC sign

 Funding reduced at corporate regulator ASIC amid banking royal commission revelations - ABC News (Australian Broadcasting Corporation)

Funding is being cut at Australia's corporate regulator and staffing levels will be reduced, according to figures in Tuesday's federal budget.

Key points:
  • ASIC will lose $28 million in Government funding over next three years
  • Average staffing levels will drop by 2 per cent — 30 positions — next financial year
  • ABC understands reduction is largely related to specific programs winding up

  • Average staffing levels will be reduced next year by 2 per cent, or 30 positions. Budget 2018:Image result for Cartoon killing off public broadcastingABC Starved of Oxygen



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Bolt can't spell and he's been in the business for 30 years it's LEFT Bolt not LET. 


 So Bolt admits Abbott's lie and the conservative promise of "No Cuts to the ABC" is a euphemism to drain it of life. Efficiency might be a rational economic activity but in this context is simply a right-wing political act of bastardy, a payment made for News Corp's media support. The same BS applied by Abbott has been repeated here by Turnbull in the name of "efficiency" "not a tax cut". Yet again less an economic reason but simply a political one in the hope of maintaining right-wing media advertorial support and diminishing Australian democracy even further while improving Murdoch's long-term goal his bottom line.
The alliance between the BCA, IPA, Private Media and government once denied has taken a step closer in this budget which on first glance appears reasonably benign. However, add the $30 mill undocumented grant to the $17 bill promised company tax cut to Murdoch this $120 mill reduction to the $ 200 mill Abbott removed in 2014 and you simply have the kidnapping of news, the discovery of information and questioning of government the lubricant of democracy. Another step closer to Mussolini's clear and simple definition of Fascism or Corporatism pure and simple.
Murdoch doesn't care about the production side of the ABC or the Cultural Charter it has to fulfil he wants the LNP to either destroy the news and information service or preferably takeover it's infrastructure the rest as far as he's concerned is inefficient worthless bones that can be disposed of. News and information is influence and attracts money and power and the seat of which can be found in maintaining the interests of the wealthy business and political classes who pay handsomely for their Orwellian news.
The ABC hasn't just been a public broadcaster it's been an Independent one and it's budget incumbent on the government to supply in order to fulfil its charter. Two decades of LNP government have seen a concerted effort to deny it oxygen. Not openly chocking it but by any other measure so much so the LNP mantra "no cuts to the ABC" is a euphemism for sucking the financial blood out of it or feeding it odourless tasteless invisible carbon monoxide inviting a slow death. The ABC may not uncover the truth but it's the only bulwark the Australian public has to question the intent behind social policies of any government an anathema to those that serve to maintain systemic injustice, inequality and improved opportunity for all Australians and not just some.








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"ABC the funding cuts applied to other government agencies."Bolt

1) The ABC isn't "another" government agency it's a Statuary Independent Body belonging to the Australian Public. It's not another agency.

2) Its Independence has been abused by 2 decades of conservative governments by simply calling "No Cuts to the ABC "efficiency measures" and robbing the public broadcaster of $250 million dollars so they can say it's not fulfilling its charter. The ABC's funding has been going backwards and that's proved it's efficiency despite efforts to shackle it. Abbott has proved just how scared he is of the truth, not the ABC

3) The ALP is the only Party that recognizes the integrity of an Independent media whose chairpersons have all had connections to conservative governments. Yes, they will take the restoration of the ABC to the next election.

 4) " In the coming year Australians will head to the polls for the next federal election. More than 80 percent of Australians value the ABC, a point that should not be lost on anyone seeking government, Guthrie
That is not a threat it's a statement of truth 80% of the public do trust the ABC. Only a right-wing Conservative can interpret a fact as a threat.






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Yes you heard it there Andrew Bolt backed into a corner out in the cold is warming to not just Turnbull but Paul Kelly, Nikki Savva and Miranda Devine. He will steal anybody's space to stay relevant it's just too cold alone with ones back to the wall. However, it doesn't mean he's turning Australian.


Image result for Images of biased political commentators

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Bolt hardly enlightens us, does he? Other than that the conservatives are currently the biggest all-around losers an have to wait for the outcomes of by-elections in which they will have no part to prove themselves and will definitely have to now wait for the main event in which they will really play no part. Either way things aren't as certain as Bolt previously predicted a massive LNP loss. No congratulations to Team Turnbull from Bolt. However no mention of Tony Abbott's flagging popularity in Warringah either. He is now an uncertainty down some 15% in his seat leaving the certainty that he will even keep his seat in doubt let alone come back as opposition leader.
It's been a long time since Bolt has had the ear of any inner circle of politics. The Bolt Report at it's best is witnessed by 51,000 which represents 0.03% of the electorate and if he's preaching to the converted that's even very much more a minority of conservatives who are even listening.


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"The election results marked the first time the National Front had been voted out of power in the six decades since Malaysia gained independence from Britain."
 No comment from Andrew Bolt is very unlike him. It suggests given his past admiration of Mahathir that he's disappointed with him this time around. He was once like Abbott who had Hanson thrown in jail. Mahathir did the same to Anwar for pure political bastardy

 

MORALISING BULLIES FOIST IMMIGRATION ON US

Katharine Betts says polls show a huge gap between the political elite and voters on immigration. For instance, 67 per cent of Labor candidates want more migrants; 64 per cent of voters want fewer. Most media professionals want more; most of their audience want fewer. The elite is so scared of seeming racist that they'd rather we choked.
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Murdoch media wrote 2,850 anti- Muslim articles in a period of 12 months and have helped the polls prove anti- Muslim sentiment has gone up from 9 to 30 % so any anti- Immigration argument being publicly driven is bullshit.
Tony Abbott raised the permanent Immigration intake from 100,000 to 190,000 in the Howard years and supported the numbers up until 2016. His government when in opposition stopped any attempts at infrastructure changes and in government, he did nothing but block the changes ALP states wanted to implement. So feeling squeezed blame it on Tony Abbott. the rest of the squeeze Oh yes it's due to the export of education that takes in 500, 000 students which Conservatives never really talk about together with the skilled labour we seem to be short of because we don't provide any investment into our future. Yes something else not mentioned. That we import youth and skills into this country because Abbott thought it's cheaper to buy from overseas than invest in it here. Moralising Bullies I don't think so short-term playing politics and doing nothing government is what we have seen since 2013.
Without differentiating what he means by Immigration a blanket term bolt and conservatives throw a total ideological argument over a feeling rather than an analysis of what has occurred why and where we are heading in order to run an emotional rather than any rational argument over what might make conservatives look really bad. Yes, and it does disguise the racist elements in this approach. 1) immigrants are more skilled, 2) are younger 3) are in demand in the free market 67% are employed the majority of the others are their dependents, not the states. However, I do agree who needs immigrants like Abbott and Bolt who spend all their energies blocking the progress of this nation.
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 There is nothing extraordinary here other than Bolt's excuse that it's not his fault about his circumstance. However, it is the fault of others when suffering hard times and their hope to be given some understanding help and leeway. Bullshit Bolt's just a lazy no hoper taking advantage of the system and his employers bank account.
 

BLANCHETT PLAYS CLIMATE DRESS-UPS

Is there no end to the sacrifices Cate Blanchett makes to save our planet? She has worn the same dress twice in three years on two continents: "Blanchett said of her decision to ‘outfit repeat’... 'Particularly in today’s climate, it seems wilful and ridiculous that such garments are not cherished and re-worn for a lifetime.'”
So Bolt is in bed with Cate. I wonder if he searched out while scanning Vogue. You know what they say about idle hands. Personally, I think he's doing a Weinstein and being a bully and not the moralizing kind either.
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Israel has given a lot of reasons to justify the attack and killing of people hundreds of meters from a fence recently and has done it all with lies and distortion. Now we have an issue with "their bases" in Occupied territories of Syria legitimizing whatever. It's what Israel doesn't say leads to a more accurate picture rather than what it does say. Which is generally the real for rampant state-sponsored murder and mayhem simply said the IDF can do whatever they want.
Bolt is typical of this don't say anything media approach and as a consequence generally says nothing when it comes to Gaza. He avoids the snipers the 50 plus dead and 4,500 Palestinians injured in the past 6 Fridays. Would never mention the fact that the snipers, with advanced weapons, aimed for knees and elbows with full knowledge that Gazan hospitals have limited resources to treat these complicated wounds ensuring those shot will be crippled for life. https://plus.google.com/u/0/collection/EY-NUE

Monday, 30 April 2018

Andrew Bolt's Blog, 30/4/18; Newspoll changed it's methodology and Andrew Bolt doesn't even consider the possibility; News Corp claim the Royal Commission is doing more harm than good;








 

https://www.facebook.com/abcnews.au/videos/1567352133376289/

Barrie Cassidy's explanation of Newspolls 51:49 31rst poll asks the question that Andrew Bolt avoids. Was Newspoll's change in methodology more accurate than previous? If so has the result been closer all this time? This very possibility can't even be considered by Bolt because of his anti-Turnbull bias.







Maserati-driving tax agent steals $1.3 million

Maserati-driving tax agent steals $1.3 million


"Their tax agent promised them an "efficient tax planning arrangement". Now the ATO is pursuing clients for taxes they thought they had already "

When there's no honour among thieves even when they are all high rollers making money it seems it's never enough. The theory is if thieves rip each other off nobody will complain.
 Tony Abbott sacked 3,500 highly knowledgeable and trained ATO tax investigators and where did they take their knowledge? They became guns for hire by the Tax minimization and evasion industries. They knew the loopholes better than anyone and could make or promise to make money Abbott also ensured the sacking of 200 ASIC financial regulators and where did they go? They were reemployed by the banking and finance industries to cut corners. Who are conservative pundits now trying to blame for the systemic corruption and scams the Royal Commission is now but ASIC for not being sufficiently vigilant and the ATO for not doing their job? There is not a single word of Tony Abbott's or the neoliberal thinking and assistance in any of this.
Chris Kenny, Terry McCrann Andrew Bolt et al from Murdoch's News Corp and the IPA's John Roskam  are calling this Royal Commission and it's findings and process a witch hunt and the unjust release of information to the public and the handing of bullets to the Socialist left, Unions and Communist thinkers to take over at the next election. That's the real crime here because they are the better managers.
According to them the loss of faith in the myth of financial service is much worse than catching rogue elements of white collar crime or revealing it's systemic corruption. Why because share prices will fall and the union Super funds might withdraw their money from the banks. In other words, the system is better off not revealing or being charged with wholesale theft. It should not be changed and the practice never publicly revealed.
Not for a second do these righteous self-serving neoliberals consider that the system, profit at all cost, needs changing from giving service to Australian's to servicing us, its clients, like livestock.

However the masking and fogging continues with Peter Dutton declaring Industry Super Funds as "union" dominated when in fact they are an equal partnership between business and Unions and it's reflected in their equal representation on boards and which in terms of benchmark returns have out performed the others. One might ask why Dutton simply is lying about the structure of these funds if he doesn't know why he is such an ignorant.

WHO LET THEM IN? POLICE CARS SMASHED

Weak border control, weak policing: "Police are yet to make any arrests after a group of African youths jumped on cars and pelted police with objects as party­goers turned violent on the streets of North Melbourne... Up to 50 ... African males and females had been at the four-star flat."




So how often have we heard I'm indigenous Bolt tell us there is no such thing as race and Aboriginals ( just a white man's colonial word) are dividing the country with their racism which doesn't really exist. Not, however, today because colour is all important for Bolt. This is not only the longest post but also the most Murdochian. With statements  "the youths looked Sudanese" "African" and "Foreign" it addresses things not exceptional and seen before in my 70 years of living in Melbourne. How do Sudanese look different from any other kids acting out other than they are black?
 African or not Andrew Bolt one day claims stereotyping by race colour or creed isn't Australian but then he completely indulges himself in his bigotry when it comes to activity od kids. Youth gangs fight and out of control teenagers have existed since I was a boy 70 years ago. Teenagers out of control have been a fixture of Melbourne life. However, the media and politics have never paid as much attention to these events until they saw how it could be applied to political advantage since the Cronulla riots in 2005.
The significant difference what was once regarded as simply as a law and order issue has been expanded to be an Immigration one as well. One that is demanding not just more policing but the policing of a minority singled out. Not of banks corporations or business that do far more financial harm but one that focuses on more surveillance of a group, their punishment and even their right to exist. A group, in fact, that does less harm but is more visible. Kids busting out and breaking has always been regarded as a part of growing up but not it seems if you are identified as black, African or "seem"  Sudanese then you become a political gift for conservative white western nationalists of the worst kind.
Airbnb parties have been a regular problem across Australia which the industry claims is not representative but an exception. Trashing houses and disturbance is not new. Nevertheless, this has been part of a party business operating within a business that has not been an uncommon problem but a serial one across Australia generally caused by the young and results in the destruction to property. However, it's not always a feature of News Corp's front page or the media unless Black and African. Remember when Bolt and News Corp declared StKilda a riot of 200 members of an African gang on the foreshore. It turned out to be completely false. It turned out to be a beat up by the media of an event that was, in fact, a backpackers party common to the area where fights aren't uncommon. But because some Africans were involved it became front page news and bullshit that they were the cause, wrong. The police and reality lost control to the media narrative and the public were sold a pup, alternative facts, which is highly likely the case here as well. But news has little or nothing to do with the Herald Sun's agenda.


41m28
Andrew Bolt shows he hasn't a clue about "Bad Comedy" and good. Wolf was an exceptionally poor act and her audience let her know it and it wasn't just the fact of content. It wasn't a comic delivery. The room, however, was packed. "Some of the most Prominent White House correspondents are threatening not to attend next year."  In Trump's own words did any walk out and who are they but unnamed. Where are the sources for a statement like this when Sanders and other significant Trump staff stayed?
Bolt should compare bad comedy with bad comedy such as Milo's and not make stupid remarks like" Yet Wolf would swear that she is actually the more moral one. That's what allows her to be so vicious. " No she wouldn't she just bombed. Had it been Joan Rivers roasting everyone the difference would have shown. Had it been Milo the audience would have walked out and maybe they should have here but nobody did and yes they will all be back next year.
UPDATE 
After seeing Donald Trump's Twitter posts.
 

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Bolt never really makes international comparisons does he certainly never draws attention to the PISA International comparison on education which clearly shows Australia going backwards compared with other OECD countries. No, he sticks blindly to his own backyard and makes the Gonski recommendations sound ridiculous. The Scandinavian countries since the 70's have delivered equal public education and done away with private education and are streaks ahead of Bolt's preferred private system of user pays according to their means. Again economy of scale in these countries has provided better teacher training better pay and better outcomes for individuals all for free. So Bolt's comment can you imagine the bureaucracy it takes is debunked. In Finland with today's technology 600 administrators run 1 million students in Finland. In America, it takes 1500 to run 600,000 students. The teachers in Finland run their own schools and yes the Headmaster also has time to teach. Teachers are paid more have ratios of 4 to 20 students and have better status generally than here. Less is spent on administration and advertising across the board and a far better and more equal outcome delivered. Bolt pays $30,000 per annum to send his son to Scotch and he doesn't do it for the education it delivers either but the social mix. One needs to remember merit didn't deliver Bolt his social mobility marriage did. Meritocracy is the least of Bolt's concerns because true meritocracy would have ensured Bolt limited success.
Kids in Finland don't even begin school as Bolt knows it until they are 7 and they graduate bi or trilingual with better results than his kids knowing that if they get into Uni that too is free. Meanwhile, they make friends across all classes rich, poor, handicapped and multicultural without the problem of helicopter parents worrying about the quality of their education. There is no secondary industry of tutoring and private educators camp followers of a dysfunctional system as there is here.
What Bolt can't comprehend taking the competition out of education by making it totally public and not a competition but equal to all not only reduces the costs but allows money to be poured into teaching as a career and not just an add-on to a degree. Teaching in Nordic countries is actually a degree you train for from day one of a 5-year course and not just tacked on as an afterthought as is the case here. Schools work as a team of teachers and identify those that need help as teachers and not just students. But then Bolt doesn't grasp this given he never actually finished any course. The pressure in schools is reduced, performance is improved and attention is given to where it's needed.
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It's about time GST were collected on religious donations too or more it's time Religion was taxed as any other business. After all magicians and sceptics are. Abbott went out of his way to tax Science in this country particularly the CSIRO or anything to do with Climate Change. He was into buying the technology of others rather than developing our own and he initiated the construction of the Frankenstein monster the NBN is today making us 50th in the world and having Minister Fifield telling us its the best given our budget.
1h5
Bolt is about as amusing as  Ms Wolf the comedian above but rather than stay I'll walk out on this PAYWALL POST