|
Jonah Galtberg posted:modigliana is a class traitor Is it really surprising at all?
|
#
?
Jul 25, 2018 14:13
|
|
|
|
| # ? May 31, 2024 20:10 |
|
|
The Before Times posted:I spend all my money on rent I did some sums the other day for renting versus buying using the ANZ home loan calculator. I pay $1300pcm in rent for the house I'm living in at the moment which would probably easily sell for $450,000 at auction. If I were to get a loan for that amount, the ANZ calculator gives me a monthly repayment of $2307 for a standard variable loan of $4.6% over 30 years. That's a thousand dollars more than I'm currently paying in rent each month - and a total repayment over those 30 years of $830,520. It would take me 53 years to pay that much at my current level of rent. So, the way I figure it, by renting I'm debt free and ahead of the game for the next half a century  EDIT: A thousand dollars more a month to be able to hammer a nail into the walls 
Megillah Gorilla fucked around with this message at 14:33 on Jul 25, 2018 |
|
#
?
Jul 25, 2018 14:27
|
|
|
Owning a home certainly isn't the financial home run that boomers claim it still is, even if it was for them. The only reason to do it vs renting is for the ability to remodel and renovate, have pets, and not have to deal with rent inspections and potential eviction because the owner wants to sell or move in. If property management wasn't such a shitshow, and tenants had real rights, and demand wasn't all hosed up, almost nobody would bother - if you wanted a different kitchen, or a nicer yard, you'd just move.
|
|
#
?
Jul 25, 2018 14:36
|
|
|
All African immigration into Australia has been called into question by former prime minister Tony Abbott amid the debate over Sudanese "gangs" in Melbourne. Mr Abbott, speaking on 2GB radio in Sydney, argued that "we store up trouble for ourselves" by letting in people who are "difficult to integrate".
|
|
#
?
Jul 25, 2018 14:49
|
|
|
Lid posted:All African immigration into Australia has been called into question by former prime minister Tony Abbott amid the debate over Sudanese "gangs" in Melbourne. By allowing the negro and the jew to infiltrate our borders, we weaken our national unity, and make ourselves easy prey for threats foreign and domestic
|
|
#
?
Jul 25, 2018 15:10
|
|
|
Lid posted:All African immigration into Australia has been called into question by former prime minister Tony Abbott amid the debate over Sudanese "gangs" in Melbourne. Won't someone think of the Afrikaner farmers?!
|
|
#
?
Jul 25, 2018 15:13
|
|
|
Do any of you folks still have that picture saved where on the left was all the people who wanted to imprison kids indefinitely and the right were two MP's who didn't? (I think one was Adam Bandt and the other an Independent) If so, any chance you could share it with me?
|
|
#
?
Jul 25, 2018 15:26
|
|
|
Lid posted:All African immigration into Australia has been called into question by former prime minister Tony Abbott amid the debate over Sudanese "gangs" in Melbourne. If you're old enough, you can remember when they said this about the Greeks and Italians.
|
|
#
?
Jul 25, 2018 16:20
|
|
|
I still fondly remember Asian gangs in Cabramatta and wondering why they didn't stab me in the street for being white when I worked there.
|
|
#
?
Jul 25, 2018 17:46
|
|
|
Starshark posted:I still fondly remember Asian gangs in Cabramatta and wondering why they didn't stab me in the street for being white when I worked there.
|
|
#
?
Jul 25, 2018 22:42
|
|
|
Lid posted:. *Is an architect*
|
|
#
?
Jul 25, 2018 22:56
|
|
|
So Channel 9 just bought Fairfax...
|
|
#
?
Jul 25, 2018 23:44
|
|
|
froglet posted:Do any of you folks still have that picture saved where on the left was all the people who wanted to imprison kids indefinitely and the right were two MP's who didn't? (I think one was Adam Bandt and the other an Independent) I’m phone posting. But it was Andrew Wilkie and Adam Bandt. If you GIS those two and house of reps or something it’ll be in the first few images.
|
|
#
?
Jul 25, 2018 23:46
|
|
|
ShoeFly posted:So Channel 9 just bought Fairfax... Link? e: found one https://www.news.com.au/finance/bus...679ebd1debce34a bell jar fucked around with this message at 23:56 on Jul 25, 2018 |
|
#
?
Jul 25, 2018 23:53
|
|
|
Fairfax and Nine announce merger http://www.abc.net.au/news/2018-07-26/fairfax-and-nine-announce-merger/10037712
|
|
#
?
Jul 25, 2018 23:56
|
|
|
So on a scale from 1 to Turbofucked, how hosed are we
|
|
#
?
Jul 26, 2018 00:05
|
|
|
Don Dongington posted:So on a scale from 1 to Turbofucked, how hosed are we "Hugh Marks of Nine will be the new chief executive and former Liberal treasurer Peter Costello will chair the company."
|
|
#
?
Jul 26, 2018 00:12
|
|
|
It basically dooms any left wing slant Fairfax had left.
|
|
#
?
Jul 26, 2018 00:13
|
|
|
Don Dongington posted:So on a scale from 1 to Turbofucked, how hosed are we Death is certain
|
|
#
?
Jul 26, 2018 00:16
|
|
|
ABC and Fairfax had done some interesting joint investigations, I guess there will be less of that important work being done now
|
|
#
?
Jul 26, 2018 00:42
|
|
|
Megillah Gorilla posted:I did some sums the other day for renting versus buying using the ANZ home loan calculator. A mortgage for the apartment I live in would be less than the rent; the real problem is that I can't save for the $80k deposit, because a good 80% of my income goes to basic living expenses and the other 20% is poo poo like new clothes that I need for work, and leisure activities/buying video games once in a while.
|
|
#
?
Jul 26, 2018 00:45
|
|
|
Lazy millenials these days going to work clothed. Back in my day we worked hard in the pits dressed in rags to save for a house deposit and masturbated instead of playing these "video games"
|
|
#
?
Jul 26, 2018 00:47
|
|
|
Lol learn to multitask
|
|
#
?
Jul 26, 2018 00:49
|
|
|
froglet posted:Do any of you folks still have that picture saved where on the left was all the people who wanted to imprison kids indefinitely and the right were two MP's who didn't? (I think one was Adam Bandt and the other an Independent) 
|
|
#
?
Jul 26, 2018 00:51
|
|
|
Hahahahahaha this is so far beyond even the watered down ownerahip regulation rules I don't know how it will be possible but it will be!
|
|
#
?
Jul 26, 2018 00:52
|
|
|
save us guardian! 
|
|
#
?
Jul 26, 2018 00:59
|
|
|
Don Dongington posted:So on a scale from 1 to Turbofucked, how hosed are we I can't wait for the "Dodgey Apex Gang Builders making our kids fat with the help from the Neighbours from Hell" headlines
|
|
#
?
Jul 26, 2018 01:03
|
|
|
http://www.abc.net.au/news/2018-07-26/why-roads-are-becoming-narrower-in-the-suburbs/10032984 Yes, with people owning and driving huge arsed wide SUVs and blocking up the streets as they are, making it havoc for emergency workers, narrowing the streets even further is a brilliant idea! LOL at the idea of it reducing Australia's dependency on private vehicles, as if that will ever happen.
|
|
#
?
Jul 26, 2018 01:08
|
|
|
Unfortunately not the only children in detention in Australia nobody seems to give a poo poo about : http://www.abc.net.au/radionational/programs/breakfast/government-failing-reform-system,-two-years-after-don-dale/10037786 tl;dr Had a Royal Commission to heavily orchestrated hand wringing and pearl clutching, then did nothing good. In fact made it worse.  loving
|
|
#
?
Jul 26, 2018 01:17
|
|
|
You Am I posted:http://www.abc.net.au/news/2018-07-26/why-roads-are-becoming-narrower-in-the-suburbs/10032984 Look at the pictures in that article and ask yourself how many SUVs would need to be parked there to block a firetruck.
|
|
#
?
Jul 26, 2018 01:26
|
|
|
The Sydney Morning Herald welcomes new Economics Writer Richard Wilkins.
|
|
#
?
Jul 26, 2018 01:46
|
|
|
They are calling it a hostile takeover now. The Fairfax name will disappear completely and the new company will just be called Nine. Journalists have been given no guarantee on their jobs no one knows if they will still be employed at Fairfax.
|
|
#
?
Jul 26, 2018 01:58
|
|
|
I give it 18 months before the print arm of Nine is driven into the ground by people who know nothing about running a print arm, in an era where print is dying.
|
|
#
?
Jul 26, 2018 01:59
|
|
|
Fairfax's most valuable asset are its Domain shares so this is going to work out really well for Nine since real estate can only go up.
|
|
#
?
Jul 26, 2018 02:00
|
|
|
My concern for the Brisbane Times escalated quickly
|
|
#
?
Jul 26, 2018 02:02
|
|
|
Anidav posted:They are calling it a hostile takeover now. The Fairfax name will disappear completely and the new company will just be called Nine. We’re having a team debrief on the news this afternoon. Thankfully I’m planning on moving to the UK in about a year as I don’t think I’ll have a job in 18 months.
|
|
#
?
Jul 26, 2018 02:02
|
|
|
rip the age you were good once
|
|
#
?
Jul 26, 2018 02:04
|
|
|
at least we still have the guardian
|
|
#
?
Jul 26, 2018 02:17
|
|
|
ShoeFly posted:We’re having a team debrief on the news this afternoon. Thankfully I’m planning on moving to the UK in about a year as I don’t think I’ll have a job in 18 months. When I think "flourishing jobs market" I too think of post-Brexit UK.
|
|
#
?
Jul 26, 2018 02:25
|
|
|
|
| # ? May 31, 2024 20:10 |
|
|
Australian entrepreneur Dick Smith has announced he is closing his line of Australian-made groceries, Dick Smith Foods, blaming competition by the Aldi supermarket chain, which he says has made it impossible for his brands to continue selling enough to maintain its presence on supermarket shelves. As he made the announcement publicly at a press conference on Thursday morning, Mr Smith choked back tears, saying he tried to save the jobs of workers in Australia but failed. “I couldn’t, I couldn’t. It was beyond me,” he said. The closure will affect four staff directly and hundreds or even thousands employed by various suppliers around the country over the next 12 months, Mr Smith said. Mr Smith said he believed that Aldi's aggressive low-cost business model would eventually challenge Australian giants Coles and Woolworths. "Unless Coles and Woolworths match Aldi by reducing their product range to about 1700 lines and getting rid of about 75 per cent of their staff, I don't know how they can compete," he said. Mr Smith said that Aldi maintained low cost not just by sourcing cheap overseas foodstuffs, but also by keeping down the number of products it sold so that it did not need as many staff to stock shelves and maintain its stores. The money saved in employment costs was then redirected to the company's private owners, he said. "You've got this company that has now been voted the most trusted brand in Australia ... Most people don't know that it is a private German company that works on the principal of getting people sacked and importing from the absolute lowest countries in the world," he said. As an example, he said that Dick Smith Foods' peanut butter, sourced from local growers, sold for $1.28 per 100 grams, while its Aldi competition sold for 48¢ for the same amount. He said that, when Aldi entered the Australian market, it sourced much of its grocery line from Australian producers, but now that it was established it relied on lower cost international producers. On Wednesday, Mr Smith sent a letter to the managing directors of Coles and Woolworths supermarkets, as well as to the chief executive of Metcash Group, which controls IGA, to explain his decision. The letter included a chart that showed how Dick Smith Food sales had declined in Australia since 2001 at a similar rate to the increase of Aldi turnover. "By a fluke of birth [Aldi's owners] are multi-billionaires when we have five million Australians who live pay packet to pay packet," he wrote. "It looks as there is nothing we can do about this. It is simply modern extreme capitalism." Mr Smith also wrote to Aldi's owners Karl Albrecht and Beate Heister via the chief executive officer of Aldi Australia, Tom Daunt, to outline his concerns about the impact of Aldi in Australia. "Karle and Beate, I understand you are the son and daughter of Mr Karl Albrecht Snr, who came up with the Aldi 'plan'. That is, basically sharing the wealth less. Your father, who started the great expansion of the company, worked out that by having a lesser selection of products, you could therefore employ less workers. "I have an important question to ask you. When will enough be enough?" He accused the family of running a secretive company that it had used to accumulate a personal fortune of $40 billion, and invited them to come to Australia to explain their long term plans. "What I want to know … is their plan to keep expanding here and to take over the market place? I suspect it is." In a letter to Fairfax Media Mr Daunt said that Aldi had "never sought to 'maximise' profits at the cost of something or someone else". "Continually maximising profits becomes a zero sum game. If you truly partner with suppliers, you'll develop long term prosperity for both parties to the benefit of customers. If you look after your employees they will enjoy turning up to work and they'll enjoy looking after customers. "We proudly support an Australian first buying policy and have shared our growth with hundreds of Australian manufacturers and thousands of staff who have been direct benefactors of our business growth. "We are not a business trying to artificially accelerate market share and we're not looking to match the store count of our competitors. We do not cut corners, we do not abuse our market power, we do not mislead our customers. We do not avoid tax payments, we do not squeeze our suppliers. We keep things simple and we focus our attention on what matters most to consumers." A Woolworths spokesperson told Fairfax Media: "Dick Smith Foods is an iconic Aussie brand that many of our customers love and support, so we're sad to hear this news. "More and more of our customers tell us that a one-size-fits-all approach to supermarket ranging doesn't deliver what they want or need. "It's why our long-term vision is to broaden the range of products we carry across our network, so we can deliver more tailored and locally relevant ranges for our customers in their local store." Dick Smith Food was established in 1999 as part of an effort by Mr Smith to support Australian farmers and employees. Since then it has had sales of about $480 million. Mr Smith said he had never taken a cent from the business, but had donated about $10 million in profits to various causes, most recently a $1 million donation to the Country Women's Association for drought relief. Despite his own fortune Mr Smith has long called upon Australia's wealthiest citizens to pay higher taxes and give away more in philanthropy.
|
|
#
?
Jul 26, 2018 02:47
|
|