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That sucks Milkly, Surely at some point you guys win by default On another topic, Ministers have "need" of extra protection from elite forces due to how unpopular the budget has been. Where did they need this extra protection? Sydney Uni, a Q&A taping and ANU  http://www.smh.com.au/federal-politics/political-news/senior-ministers-need-bodyguards-20140619-3ah36.html Four senior ministers in the Abbott government have been assigned secret-service style protection amid an angry backlash over the federal budget, while a fifth minister is also receiving personal protection over specific threats. The unprecedented ramp-up in security measures has seen Treasurer Joe Hockey, Foreign Minister Julie Bishop, Education Minister Christopher Pyne and junior Defence minister Stuart Robert assigned Close Personal Protection officers from the Federal Police in the month since the budget. Immigration Minister Scott Morrison has also been assigned CPP teams in recent months, with his controversial portfolio said to be the reason to ramp-up protection, not the budget. Government sources have admitted the extent of the protection measures required is unusual. CPP teams are assigned full-time to protect Prime Minister Tony Abbott and the Israeli and US Ambassadors, while convention dictates that the deputy prime minister receives personal protection when the Prime Minister of the day is overseas. However, in just the past month CPP has been assigned to provide the highest level of security to a slew of public events - many at universities: ❏ Ms Bishop was assigned a CPP team before a visit to Sydney University on May 16, three days after the budget. The Foreign Minister was confronted and jostled by angry students, forcing her CPP team to intervene. ❏ Mr Hockey was accompanied on May 19 by a CPP team when he made an appearance on the ABC's Q&A, six days after the budget. Mr Hockey also had a protection detail assigned to his residence in Canberra about the time of what has been a tough and unpopular budget. ❏ Mr Pyne's was assigned a CPP team for an appearance at Sydney University's St Johns College on May 22. This was one of several occasions the Education Minister, who is driving controversial reforms, has needed protection from the elite unit. ❏ Mr Robert was assigned a CPP team for a visit to the Australian National University on May 29. Federal police provide an assessment on ministers forward programs to assess whether there is a threat or a risk and whether further protection might be required.
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Jun 19, 2014 14:22
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Milky Moor posted:In the continuing drama of our problems with the Immigration department... People can be idiots and can also be employed by government agencies. I wouldn't read too much into it.
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Jun 19, 2014 14:26
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Freudian Slip posted:Immigration Minister Scott Morrison has also been assigned CPP teams in recent months, with his controversial portfolio said to be the reason to ramp-up protection, not the budget. Of all the reasons to associate hating Morrison to, how could someone possibly fathom the budget. Like if someone were out there incorrectly hating him for it I probably wouldn't correct them, but I don't think that person actually exists.
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Jun 19, 2014 14:28
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bowmore posted:Any Melbourne Goons around? Hope I'm not way late with this but you could catch the 901 bus to Broadmeadows Station and then the train to North Melbourne and get another train for one stop to Footscray station for like $6 one way if you're really intent on cheap.
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Jun 19, 2014 14:44
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Milky Moor posted:In the continuing drama of our problems with the Immigration department... *looks at surname* That sounds pretty foreign to me. Must be from islamistan or something *rejected*
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Jun 19, 2014 14:46
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What idiot bothered sending a death threat to stuart robert? If you're going to commit a crime at least do it to someone who matters jesus loving christ
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Jun 19, 2014 15:14
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Bold whole thingquote:The Abbott government is pressing ahead with secret trade negotiations aimed at bringing about radical deregulation of Australia's banking and finance sector, WikiLeaks documents reveal.
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Jun 19, 2014 15:43
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teacup posted:Melbourne goons help me out - Look at pubs in south / port melbourne too
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Jun 19, 2014 15:55
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Well if there's one country you'd want to listen to on dropping financial regulations....
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Jun 19, 2014 16:00
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Jesus Christ Milky I'm sorry you and the gf are going through this, immigration sucks 
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Jun 19, 2014 16:42
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Hey guys you know how Australia was largely unaffected directly by the collapse of the american financial sector due to both strong regulations and foreign banks not playing a large part in the market? Let's make sure that poo poo never happens again.
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Jun 19, 2014 16:53
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It's pretty much US economic imperialism. More money means more markets, why stop at the US when you can funnel other countries money back to you.
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Jun 19, 2014 16:59
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I was at my bank the other day (in the US) and was told with complete sincerity that I should be very happy with my 1%pa interest rate on my savings account since it's very high and most people get around 0.1%. This is despite the fact that there are many risk-free fixed-income investments which have much greater returns (even above inflation, woah!) that the banks could be investing our money in and passing on to us. But with the state of regulation in the US they are free to give us whatever the hell they want. Which is apparently what the market will bear a.k.a. ~0%. Something to look forward to.
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Jun 19, 2014 17:31
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Only tangentially related but my favourite Australian bank story is one day I was cashing a cheque in at the NAB and there was a guy next to me getting angry because his cheque from America was going to get held for six weeks. Eventually he kind of shouts "WHY DO THEY WRITE NEW YORK TWICE ON THE CHEQUE ANYWAY? ARROGANT loving ASSHOLES WANT THE CITY NAME ON THERE TWICE" and I pretty much had to leave immediately to not get punched by the fat bogan because I was about to burst out laughing at how dumb he was.
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Jun 19, 2014 18:09
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I can't remember where I read it now and how knows if it's still the case but back when checks took like a week to clear it actually took them 2-3 days then they'd sit on your cash for a little while to make some interest. Anyway it's going to be great getting less returns so banks can make more money off yours till they lose it all on magic beans and we have to 'correct' this slight market imbalance with taxpayer money.
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Jun 19, 2014 18:34
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Nibbles141 posted:I can't remember where I read it now and how knows if it's still the case but back when checks took like a week to clear it actually took them 2-3 days then they'd sit on your cash for a little while to make some interest. To be fair, the argument that markets are self correcting is a pretty strong one as long as you assume some form of society manages to survive the decade of people starving in the street that it takes to get a correction of market failure without government intervention.
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Jun 19, 2014 18:49
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Gough Suppressant posted:Hey guys you know how Australia was largely unaffected directly by the collapse of the american financial sector due to both strong regulations and foreign banks not playing a large part in the market? This is perfect, may I steal it?
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Jun 19, 2014 23:53
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Gough Suppressant posted:Hey guys you know how Australia was largely unaffected directly by the collapse of the american financial sector due to both strong regulations and foreign banks not playing a large part in the market? Liberal plan for retail financial advice posted:Step 1. Introduce inventive payments - but no, no, they are not 'commissions'. They are 'incentives'. No new commissions. Well we meant Commissions not commissions anyway. Source: http://www.afr.com/p/business/financial_services/ban_on_financial_fees_Zp1s16C2xVDkOEqsZjRAPJ This wins the: http://upload.wikimedia.org/wikipedia/en/thumb/e/e8/WC-2014-Brasil.svg/719px-WC-2014-Brasil.svg.png World cup of face-palms. Hypation fucked around with this message at 01:14 on Jun 20, 2014 |
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Jun 20, 2014 00:28
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Is there any point in making a complaint to the Press Council about the Australian's shilling for tobacco companies? I know they're pretty toothless, but surely in such an obvious case of factual incorrectness they'd be able to do something. Or will the Oz be able to hide behind "OPINION"? They really really shouldn't be allowed to get away with this. (I know that could be said about everything they publish, but trying to undermine effective policy against a product that kills people through blatant shilling is so egregious I can't believe it has gone on this long).
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Jun 20, 2014 00:36
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Gough Suppressant posted:Hey guys you know how Australia was largely unaffected directly by the collapse of the american financial sector due to both strong regulations and foreign banks not playing a large part in the market? Do you have any idea how far back that set the austerity agenda? We're at least six years behind the rest of the world and we can't afford not to catch up.
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Jun 20, 2014 00:42
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XMD 5a posted:Is there any point in making a complaint to the Press Council about the Australian's shilling for tobacco companies? I know they're pretty toothless, but surely in such an obvious case of factual incorrectness they'd be able to do something. Or will the Oz be able to hide behind "OPINION"? It is not illegal to advocate for the tobacco industry in a newspaper. To fall under the ban the advertisement must "promote smoking or the use of tobacco products". Under the act there are exemptions to the prohibition which include political comments. http://www.health.gov.au/internet/main/publishing.nsf/Content/egtap So in a nutshell you can't say: Anyhow take a toke for instance, but you can say: Cigarettes don't kill as many people as we thought they did, they are more popular than ever, cigarette companies do great charity work for our kids and current advertising bans and restrictions are ineffective. You don't have to be right because Fox News proves there is nothing wrong with being wrong.
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Jun 20, 2014 00:49
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Hypation posted:Source: http://www.afr.com/p/business/financial_services/ban_on_financial_fees_Zp1s16C2xVDkOEqsZjRAPJ Holy poo poo, this is insane. The whole deregulation of banking is completely stupid, this is just a wonderful 'gently caress you' to the small investor on the side. Are they actually going to be able to enact any of these changes?
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Jun 20, 2014 00:50
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Sanguine posted:Holy poo poo, this is insane. The whole deregulation of banking is completely stupid, this is just a wonderful 'gently caress you' to the small investor on the side. Labor "should" be against the changes especially since a few are reversals of legislation they brought in while in office last time. It'd then depend on if there's enough support from the minor parties and independents. You know an attempt at deregulation is particularly bad or stupid if someone like Hypation is against it.
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Jun 20, 2014 00:55
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http://thekouk.com/blog/the-kouk-s-top-40.html#.U6N3b_mSwkU Looking over the Koukoulas site this is an interesting list of trivia from Feb. Some annoying things in there ("obviously 7.6% is female"  ) but some wonderful tid bits for political point scoring such as:Koukoulas posted:The Abbott government will borrow approximately $70 billion in gross terms in 2014. (wonder how much this has changed) Plenty of stats there rather open to interpretation or message, though, so be warned. Also, this may have been posted back in Feb, so, uh, yeah.
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Jun 20, 2014 01:11
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Sanguine posted:Holy poo poo, this is insane. The whole deregulation of banking is completely stupid, this is just a wonderful 'gently caress you' to the small investor on the side. The ALP introduced them under the then financial services minister Bill Shorten. He is not going to undo them. The Greens are pissed at Bill for watering down the Future of Financial Advice reforms in the first instance - They are not going to support these changes. Clive Palmer has not declared his position. He supports social causes but is also against red tape. This bill is positioned as an exercise in the elimination of red tape with no to limited substantive effects on the quality of financial advice. That is, I think, bullshit. If you can persuade Clive of that then he might vote it down. The most contentious two are conflicted fees and the catch all "duty to act in the best interests of their clients" clause. As far as conflicts of interest go, Clive does not strike me as a guy who is much bothered by them. This is really a question of what the government considers a conflict of interest. Typically the government has a poor understanding of conflicts and probity - preferring to set its own formal definitions and appoint a probity advisor to ensure that the conduct stays within the allowable guidelines irrespective of whatever substantive conflicts or probity concerns may arise within the guidelines. As far as the general duty goes, there are arguments for and against: eg "There should be no general catch-all duty to act in the best interests of their clients" because no one knows what this will evolve to and the advisor still must remain within a specific six point safe harbour. Therefore the general catch-all just adds uncertainty and no additional consumer protection. The alternative is that advisors will be able to game the safe harbour to remain within it while being able act in their own interests or not in the interests of their clients. What is telling is that the general catch all is similar to directors' duties and general fiduciary duties. If it wasn't substantive the advisors would not be jumping up and down about it. Hypation fucked around with this message at 01:18 on Jun 20, 2014 |
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Jun 20, 2014 01:11
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Lid posted:Bold whole thing Came here to post. (Bend over and) "Open for Business!" So, just out of curiosity, if they do sign up to a Free Trade Agreement, what happens if we pull out in a few years? What are the consequences?
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Jun 20, 2014 01:24
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https://www.linkedin.com/jobs2/view/16757832
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Jun 20, 2014 01:45
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Ragingsheep posted:Labor "should" be against the changes especially since a few are reversals of legislation they brought in while in office last time. It'd then depend on if there's enough support from the minor parties and independents. Leyonhjelm will be for them. Day will also be for them, because FF are simply led by the nose by the Liberals on economic issues. Xenophon will oppose them, because he's not a loving idiot, and Madigan will likely oppose as well, despite mostly being a loving idiot. Like most things, it'll come down to Palmer, and I'm not really sure I see him getting behind deregulation of the financial industry.
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Jun 20, 2014 01:49
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Waaaah the Christians are out to get me
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IPA Job Ad posted:IPA staff are committed to fighting for the value of freedom and changing people’s lives for the better. Reads like a parody.
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Jun 20, 2014 01:49
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Ragingsheep posted:Reads like a parody. quote:A high degree of discretion and appreciation for the privacy of IPA members and supporters No telling the media about our tobacco moneys!
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Jun 20, 2014 01:53
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Haters Objector posted:No telling the media about our tobacco moneys! Surely they should support my freedom to spill all?
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Jun 20, 2014 01:54
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In a cunning attempt to try and forcefeed the Liberal "mandate" to the public, Senator Eric Abetz has taken to... the Mercury opinion page.   I couldn't get the whole thing in one shot, but basically he's arguing that the government is saving money because it isn't spending as much as Labor on boats or detention centres on-shore, somehow forgetting the ginormous cost of off-shore detention, but luckily the disingenuous shitlord doesn't mention off-shore detention in the slightest.
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Jun 20, 2014 01:56
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QUEENSLAND, JESUS CHRIST. http://www.brisbanetimes.com.au/queensland/queensland-court-of-appeal-judge-calls-on-tim-carmody-to-decline-promotion-20140619-zse1p.html quote:Chief Magistrate Tim Carmody has been officially approved as Queensland's next Chief Justice, despite being called upon to withdraw by a Court of Appeal judge. The speech is here, and it is a loving corker. http://www.qldbar.asn.au/index.php/news/media-releases/item/357-a-paper-delivered-to-the-north-queensland-bar-association-by-justice-muir
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Jun 20, 2014 01:57
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Hypation posted:Source: http://www.afr.com/p/business/financial_services/ban_on_financial_fees_Zp1s16C2xVDkOEqsZjRAPJ How do you cope with working in a field where you're surrounded by people who love to spout bullshit in public, and undermine the work of honest academics? Scientists have creationists and cranks to make fun of, and the odd bit of peer review fuckery. In Education its a bit worse, but people will get mad when the penny drops and realise their kids are getting hosed (in a socialist nation such as Australia). In Economics and Finance you have people constantly loving with regulations. There's a shitload of bad actors who subvert mechanisms, systems and theories designed to provide a level playing field and shelter people from the the less rational behaviours/aspects of economic systems. Hypation posted:Clive Palmer has not declared his position. He supports social causes but is also against red tape. This bill is positioned as an exercise in the elimination of red tape with no to limited substantive effects on the quality of financial advice. That is, I think, bullshit. If you can persuade Clive of that then he might vote it down. I don't think he will support it, if he wants to continue down the path of 'corrupt governments wanting to gently caress Australians'. I could easily see him, saying how Abbott and his banker friends want to extract as much money as possible from Australians by removing all of the financial protections that saved Australia from GFC. He can even make the grand claim that there isn't a budget emergency, so Abbott wants to change the rules so banks can go ahead and cause one. I'll take my chances with Palmer senators, over more Liberal senators. Please let that tumour in his brain causes him to make decisions to gently caress over Liberals over his self-interest.
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Jun 20, 2014 01:58
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Ragingsheep posted:Reads like a parody. Haters Objector posted:No telling the media about our tobacco moneys! Anidav, its time to become a libertarian and go undercover... I will not discuss our donors, or our true motives because it is in my rational self interest to do a good job otherwise I will not have work in the field. Deregulate all markets, kill all nanny staters. Corporations are people and have a right to a political voice. No taxs, no rules, businesses are clever and self-interested to do the right thing and maximise profit and positive outcomes... BEEP BOOP. *Copies all records/files to USB stick and sends them to the Guardian*
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Jun 20, 2014 02:06
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Tommofork posted:People can be idiots and can also be employed by government agencies. I wouldn't read too much into it. A long time ago, I worked a contract at immi. It's the absolute dregs of the public service. Not only did they corner the whole 'unqualified, trackpant-clad year 10 dropout dummies shuffling papers back and forth' market, but they also managed to attract all the hilarious racists who would get loaded at the Belco Labor Club and smash their pay into the pokies every second thursday lunchtime. The handful of good people I met there - coincidently, all of them worked on the multicultural program side of things, not Operation Lock Up Darkies - were just so ground down by the bullshit that they mostly ended up leaving within a year. That was a really lovely place to work. So yeah, massive fuckups are 95% likely to be caused by stupidity, rather than malice. Nibbles141 posted:I can't remember where I read it now and how knows if it's still the case but back when checks took like a week to clear it actually took them 2-3 days then they'd sit on your cash for a little while to make some interest. THB, that's a pretty common perception and almost entirely wrong. Cheques took forever to clear because of lovely interbank infrastructure. You give a cheque to a teller, they submit it that night to head office, then it gets sent to the accountants to be consolidated with all the others, then it gets sent to the other bank to check that it's legit, they they check that the drawer has funds, then they let your bank know that they can authorise the transaction, then they send over the money.... Even when newer systems that could handle things like interbank settlements started coming in, there was still a lot of manual processing. Retail banks don't hold deposits to earn interest on them, they hold them so they can use it to lend a fuckton of money to McMansion-seeking battlers. BrosephofArimathea fucked around with this message at 02:28 on Jun 20, 2014 |
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Jun 20, 2014 02:10
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Those On My Left posted:QUEENSLAND, JESUS CHRIST. Whoah. Given judges never, ever slag each other off in public, this is the legal equivalent of defcon 1. Muir has basically made Carmody's position untenable, any case going before Carmody will be appealed automatically to the court of appeal and - Justice Muir.
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Jun 20, 2014 02:25
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Who the gently caress still even uses Australia Post? Most companies use private couriers now. I can't remember the last time I got a letter in the mail that wasn't junk.
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Jun 20, 2014 02:27
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BrosephofArimathea posted:Retail banks don't hold deposits to earn interest on them, they hold them so they can use it to lend a fuckton of money to McMansion-seeking battlers. ...which earns them interest 
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Jun 20, 2014 02:29
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SBJ posted:Who the gently caress still even uses Australia Post? Most companies use private couriers now. Most companies send their stuff with Australia Post unless you pay extra. The couriers are private contractors but they still use the rest of the Post infrastructure.
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Jun 20, 2014 02:32
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