SadisTech posted:

tithin posted:

loving

what

BloatedCorpse posted:

Like, I read the article, and I can't actually decipher what was actually done by this company.

quote:

Q: Do you need to instil more party discipline around your refugee policy. One of your candidates has likened the process to Nazi concentration camps?

Bill Shorten:

I don’t accept the language that was used at all by our candidate.

And let me again state the Labor party’s dealt with this difficult issue at our conference last year.

The local candidate is asked whether she supports the party’s turnback policy. She says she does.

Au Revoir Shosanna posted:

It's me, the guy hiding fat stacks in offshore bank accounts for entirely legitimate and proper reasons.

Negligent posted:

who better to design regulation of offshore tax arrangements than a banker/lawyer who has experience with offshore tax arrangements

Les Affaires posted:

"Here's what I did, and here's how I could have been stopped"

quote:

http://www.smh.com.au/federal-polit...511-got15o.html
Shoppers would pay an extra 50 cents a litre for milk in a plan being pushed by desperate farmers, after major dairy companies slashed the prices they pay for raw milk.

An emergency "milk levy" was one idea backed by dairy farmers and councillors who held a crisis meeting in the south-west Victorian town of Terang on Wednesday night.

Farmers are also demanding the Turnbull government urgently intervene to address a situation they say threatens the livelihood of producers and the viability of Australia's milk exports.

Chris Gleeson, president of grassroots farming collective Farmer Power, said the proposed levy meant a typical consumer would spend an extra $50 on milk a year, "which would solve the crisis of the dairy industry and have food security for our nation".

He conceded "nobody is happy about paying extra for groceries" but expected people would support a levy if they knew it supported Australian farmers. "They were paying $1.40 for milk 20 years ago," he told Fairfax Media. "Now milk is sold for bugger all compared to water."

Mr Gleeson said the only alternative to a levy was a "milk pool" or single desk marketing model, similar to the defunct Australian Wheat Board, to set an average price for producers.
Farmer Power president Chris Gleeson.

Farmer Power president Chris Gleeson. Photo: Leanne Pickett

Fonterra, the world's largest dairy company, last week cut the farm-gate price of milk to $5 from $5.60 a kilogram, acknowledging it could have done more to warn its suppliers.

It came a week after Murray Goulburn, Australia's largest milk processor, also slashed its prices. The cuts are retrospective - they apply to the entire 2015/16 financial year, meaning farmers will be paid well below $5 a kilogram for the milk they produce from now on, in order to reach the average price of $5 for the year.

Fonterra and Murray Goulburn are sprawling co-operatives owned by dairy farmers. But the decision to slash milk prices has put farmers on a "war footing", Mr Gleeson said.

"Something has to change in this industry. We've got to cover costs of production," he told Fairfax Media. "The only way we're going to survive is if we get a higher return on [our] investment."

Farmers have also called on Deputy Prime Minister and Agriculture Minister Barnaby Joyce to launch an independent review into Australia's dairy industry.

"He's got to give hope to these farmers," Mr Gleeson said, though he acknowledged it would be difficult for Mr Joyce to act during the caretaker period of the election campaign.

The Coalition's campaign spokesman, Finance Minister Mathias Cormann, said it was a matter for Mr Joyce. Fairfax Media has contacted the minister for comment.

Mr Gleeson also demanded the Victorian state government immediately offer financial assistance for affected farmers. Victoria is home to about two-thirds of Australian dairy farmers, with 1700 in the south-west region around Terang. Farmers are planning to hold a rally in Melbourne next week.

Fonterra, in a letter to farmers, said it had cut its Australian prices to meet the local benchmark set by Murray Goulburn. In compensation, it offered a 60 cents a litre, interest-bearing loan to farmers who agreed to stick with Fonterra for another four years. The company delivered a first half net profit of $NZ409 million ($379 million), an increase of 123 per cent.

Murray Goulburn, which cut milk prices a fortnight ago, has since since plunged into chaos, with the chief executive, chief financial officer and three directors resigning (one is understood to have left due to serious illness). It is also being investigated by the corporate regulator over information supplied to the Australian Stock Exchange.

Chairman Phil Tracy told the ABC his firm was "very comfortable" with its decisions and would co-operate with the investigation by the Australian Securities and Investments Commission.

open24hours posted:

Wish someone would bail out my business when supermarkets and megacorps artificially forced prices down to shore up their bottom end and increase their bargaining power against me

open24hours posted:

Wish someone would bail out my business when demand dropped.

Brick Dust Otis posted:

hey i fixed your super reductive assessment of the situation

Brick Dust Otis posted:

hey i fixed your super reductive assessment of the situation

open24hours posted:

Wish someone would bail out my business when demand dropped.

open24hours posted:

You want a competitive market you have to take the whole package.

open24hours posted:

You want a competitive market you have to take the whole package.

Cartoon posted:

Sorry, I might be thick, but nowhere in that document does it mention a drop in demand.

MysticalMachineGun posted:

Seriously, go complain about cotton farmers or something, you're off the reservation here

open24hours posted:

Why do you think the price went down?

Kat Delacour posted:

A duopoly is not a competition.

Brick Dust Otis posted:

supermarkets and megacorps artificially forced prices down to shore up their bottom end and increase their bargaining power against me

open24hours posted:

Why do you think the price went down?


What difference does it make what commodity you produce?

open24hours posted:

There's nothing artificial about it.

open24hours posted:

Why do you think the price went down?

quote:

As consumers, we hold the power to help direct where the Australian dairy industry will go, and we hold it right in our hip pockets. By choosing to purchase dairy that has been produced organically, from sustainably-managed local-as-possible farms, we’re telling the industry how we want things done. We’re saying no to ethically and environmentally-questionable practices and yes to sustainable, ecological and ethically-minded farming. It all starts by making the right choices when it comes to purchasing dairy products.

At the same time, our governments need to implement policies that will serve to prevent the further exploitation of dairy cows in the face of growing overseas demand.

WhiskeyWhiskers posted:

http://www.dairyaustralia.com.au/Markets-and-statistics/Production-and-sales/Consumption-Summary.aspx

Lid posted:

You literally know nothing about the milk price wars do you.

open24hours posted:

What is this supposed to show? That the average consumption of dairy products in Australia is relatively stable?

Cartoon posted:

If you knew a single thing about the diary industry you'd know that a cartel has been systematically forcing prices down due to supply chain monopoly/duopoly positions. This has (like so much else in primary industry) been forcing players out. That recently linked (like today) article in the Monthly covers it in pretty graphic detail.

WhiskeyWhiskers posted:

Yes.

Cartoon posted:

Malformed Turdball finds his wife's purse open.
He only had a tiny penis and jkhdfsuhbvcbygasjgf
Well among other things it isolated directors like Wran and Turdball from connections to bribing foreign officals. Now as outrageous as Limited Liability companies are (eg PL Proprietary Limited - Here let me Google what those words mean before we get to the legal meaning. Proprietary means to own or hold exclusively and Limited means there is an upper and/or low bound on something. Legally a Pty Ltd company "limited by shares, where shareholders are afforded more protection when it comes to the level of liability they face for company debts" So if the company goes under owing billions the shareholders can only lose what they paid in shares. If the company makes billions then they are only limited in their profit by the amount of company tax the ATO manages to wrest from the PL and what-ever they pay on the dividends. Sweet deal!)

NL means No Liabilty "No-liability companies are differentiated from other companies as their shareholders are not liable to pay calls on unpaid shares. This differs from traditional company structure where the purchase of shares is a binding contract. Should the shareholder choose not to pay when there is a call, the shareholder forfeits both the unpaid and paid shares. This encourages investment in potentially risky mining ventures, as a shareholder with unpaid shares can choose to withdraw from the company with no legal consequences. A successful mining company usually converts to a limited liability company when advantageous." You have to be a mining company to do this. I'm not making this up.

open24hours posted:

So what?

open24hours posted:

There has been a decrease relative to supply which is what matters. Dairy farmers in all countries are dealing with low prices.
http://www.abc.net.au/news/2016-03-14/eu-countries-discuss-dairy-oversupply/7245558

quote:

Australia’s stable domestic market and a more favourable exchange rate are helping to buffer the impact of declining world prices, high input costs and the dry season.

open24hours posted:

There has been a decrease relative to supply which is what matters. Dairy farmers in all countries are dealing with low prices.
http://www.abc.net.au/news/2016-03-14/eu-countries-discuss-dairy-oversupply/7245558

Cartoon posted:

No where in that article does it say what you claim. There was a removal of EU quotas and this caused what some called a milk glut (In Europe). The very article however mentions the increase in Australian milk production of 2%. You really suck at this.

Cartoon posted:

Why aren't the current Australian milk wholesalers acting as a cartel?