- I would blow Dane Cook
- Dec 26, 2008
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quote:
Former Tasmanian premier Paul Lennon ejected from Melbourne's Crown Casino for 'licking finger' during poker game
Former Tasmanian premier Paul Lennon has claimed he was ejected from a Melbourne casino and subsequently fined after licking his finger during a poker game.
Mr Lennon has confirmed he was kicked out of Crown Casino by security guards about 10:15pm last Thursday.
Victorian police issued a $738 infringement notice for failing to leave a licensed premises, which Mr Lennon has paid.
The 58-year-old said he was ejected from the venue for licking his finger during a game of $2 poker.
He was unaware he had broken a rule and said he was not given a reason when he was asked to leave.
"At one instance I licked my index finger before touching my dealt cards, as you sometimes do," he said in a statement.
"But apparently this is against the rules - something I was not aware of.
"For this I was removed. I questioned the reason why, but was not given an answer."
A newspaper report quoted witness claims of Mr Lennon behaving aggressively towards a woman and refusing to leave when asked.
However, Mr Lennon said the claim was ridiculous.
The witness also claimed five or six security guards wrestled Mr Lennon out of the building, binding his hands with cable ties.
Mr Lennon declined to give details, except to say he believed two to three people took him out.
He asked for police to be called "so that everything was done properly."
Mr Lennon said he consumed no alcohol during the game. He declined an interview request.
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Aug 1, 2014 06:22
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- Adbot
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ADBOT LOVES YOU
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Apr 28, 2024 11:31
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- PaletteSwappedNinja
- Jun 3, 2008
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One Nation, Under God.
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The Libs MO lately has been to 'leak' stuff out and then gauge the public reaction.
People keep saying this but then they go ahead and implement all this poo poo regardless.
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Aug 1, 2014 06:30
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- Gough Suppressant
- Nov 14, 2008
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loving lefty scumbag hippies.
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Aug 1, 2014 06:59
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- Gough Suppressant
- Nov 14, 2008
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Edit: Bob Day might be good for something afterall:
Nope. Suburban sprawl really is that bad.
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Aug 1, 2014 07:01
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- Welsper
- Jan 14, 2008
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Lipstick Apathy
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I think it's in response to all the new synthetic. Most drugs are listed as banned by their chemical composition. So when the chemists make a new drug e.g. syntheitc marijuana, "legal highs" or the dreaded bath salts they are not automatically illegal.
We've already got an analogue law, so yes, almost all the things you've listed there are automatically illegal at the discretion of the judiciary. A new law would achieve no new end save for grandstanding by its backers.
Regarding the psychoactive drugs laws that came up in the end of the last thread, does that clown not realise golden wattle contains DMT? It'd be pretty loving funny if they accidentally banned the national emblem.
Nope. (We've actually had that proposed before).
Welsper fucked around with this message at 07:16 on Aug 1, 2014
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Aug 1, 2014 07:07
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- Drugs
- Jul 16, 2010
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I don't like people who take drugs. Customs agents, for example - Albert Einstein
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I'm actually shocked it worked. Something I was a part of actually worked.
I'm stunned.
Don't get too excited, death is still certain
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Aug 1, 2014 07:46
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- Orkin Mang
- Nov 1, 2007
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by FactsAreUseless
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twitter.com/rudd2000 you're welcome
ablo eat ebola
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Aug 1, 2014 08:07
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- Mad Katter
- Aug 23, 2010
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STOP THE BATS
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quote: Scot Morensen enjoy mug of international roast
I'm not sure which is worse.
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Aug 1, 2014 08:30
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- ewe2
- Jul 1, 2009
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Mostly economics chat for LesAffaires benefit. There are many many links that I didn't put in, sorry.
Paddy Manning, Crikey posted:
The next subprime mortgage crisis in the making
It is a bit of myth that Australia dodged the global financial crisis because we had tougher lending standards than the United States, where ticking-bomb subprime mortgages were packaged up into toxic derivatives like collateralised debt obligations, slapped up with dodgy AAA credit ratings and on-sold to financial institutions investors all over the world.
OK, we didn't yet have NINJA loans -- mortgages made to those with no income, no job or assets -- but that was probably more down to luck than good management. However, we did have a snowballing problem with subprime mortgages in Australia -- low-doc home loans flogged to struggling borrowers by conflicted mortgage brokers -- and we were lucky it didn’t do more damage. Lucky that our banks were well enough capitalised (propped up by the taxpayer through the deposit and wholesale funding guarantees) to ride out their bad debt problem. Lucky that emergency low interest rates post-GFC meant borrowers weren’t subjected to the big repayment resets from introductory honeymoon rates that -- in the United States -- caused the rise in defaults that started the crisis in the first place.
Also helping was a fundamental difference between the US and Australian mortgage markets: there, lenders do not have recourse to the borrower, so when the bank decides to foreclose, they wear any shortfall between the sale price and the value of the loan; here, if the bank does not recover the loan balance after a forced sale, the borrower in default remains liable for the shortfall. Australian mortgagors can’t walk away, so they have a real incentive to keep up with their payments. It is often said Australian families will go without food before missing a home loan repayment.
That is, if they can afford it. Swept under the carpet in Australia during the GFC was the prevalence of loan application fraud, a form of predatory lending that consumer advocate Denise Brailey has been campaigning to expose for years. A prime example was Mortgage Miracles -- a large-scale scam in Western Australia in which borrowers (some on welfare) were given unaffordable bank loans after Mortgage Miracles' highly successful mortgage broker Kate Thompson falsified income and asset information.
The transfer of responsibility for consumer credit laws was transferred to the Commonwealth under the National Credit Act 2010, with the Australian Securities and Investments Commission taking over regulatory responsibilty. ASIC's view was that there was no systemic predatory lending problem in the banking system. One of the odder moments during the recent Senate inquiry into the performance of ASIC -- which was rightly preoccupied with financial planning scandals in the Commonwealth Bank -- came when Brailey appeared on the afternoon of February 20. ASIC chairman Greg Medcraft had appeared earlier that morning, in the main event. The committee members either had half an eye on the clock or were simply unconvinced by Brailey's argument that there was still a systemic problem with predatory lending, particularly for investment.
CHAIR: You are saying there is a large, wide-scale problem. You have been sitting here for the last two days and, in particular, you would have heard the questions that were asked of the two consumer law centres, who deal all the time with people in the consumer credit, housing and insurance markets. Their advice to us was that the incidence of that type of problem was virtually non-existent.
Ms Brailey: Yes. Very worrying.
CHAIR: So how do you reconcile the reports of those grassroots consumer organisations with yours?
Ms Brailey: That might suggest that one of us is lying!
CHAIR: No, I am not suggesting anyone is lying.
Ms Brailey: Or misleading. They know about this. When I talk behind the scenes they all agree they know.
Senator WILLIAMS: Who is 'they'?
Ms Brailey: Whether I am talking to ASIC commissioners or the Ombudsman, these people know what I am talking about.
Brailey runs the Banking and Finance Consumers Association, and her warnings cannot be dismissed. She has first-hand experience dealing with hundreds of victims of dodgy lenders and is right to sound the alarm. Continued low interest rates, upward-spiralling residential property prices propped up by self-managed super funds, and deteriorating lending standards are all adding fuel -- and with that comes the risk of fire.
In May CHOICE warned against risky lending practices, with banks extending 40-year loans worth a terrifying 120% of the value of the property -- so the borrower starts off with negative equity. Yes, it is tough for young borrowers to get into our inflated property market, but this sort of lending cannot end well. Better to fix the underlying problems in the housing market -- like negative gearing, which undermines government revenue, entrenches advantage and pushes up prices artificially -- than shovel young borrowers into a lifetime debt trap.
Yet we learned in this must-read piece a fortnight ago that the big banks are resisting the Australian Prudential Regulation Authority’s move to toughen up lending standards through its draft prudential practice guide for residential mortgages, which includes a bunch of good advice on how a borrower's income is verified (especially when self-employed), proper use of interest rate buffers, how living expenses are estimated for the purpose of loan serviceability requirements, limitations on the use of lending policy overrides, and oversight of applications from third-party loan originators like mortgage brokers. For example: “a sound oversight process … would include ensuring that all material facts are contained within the application and that the borrower is not asked to sign incomplete application forms for later completion by the third party”. You don’t say!
APRA says loan to value ratios over 90% are associated with increased risk of loss; the guide warns against use of desktop or automated property valuations and states the bleeding obvious: “... attempts by an [authorised deposit-taking institution] or third-party lending staff to pressure valuers to over-value properties are an indicator of poor practice and improper behaviour”. The guide also calls for tougher stress-testing of loan portfolios, and recommends that mortgage brokers who originate bad loans should have their commissions stopped or wound back.
Conflicted mortgage brokers -- paid with exactly the same up-front and trailing commissions that have been the long-running, underlying cause of a string of mis-selling scandals by financial planners over the past decade -- have a direct financial incentive to maximise the volume of loans they originate. Now, five years after the GFC, with property markets booming and interest rates irresistibly low, the non-bank lenders are returning to the market. A sign came in July, with Mark Bouris’ Yellow Brick Road bulking up to take on the big banks, bidding $36 million for RESI Mortgage.
The Australian Bankers' Association say APRA is being too prescriptive. They are wrong. We will have missed the lesson of the GFC if we just pat ourselves on the back. Loan standards must not be a casualty of a welcome renewal of competition. Already glowing from their wind-back of the previous government’s Future of Financial Advice reforms, the big banks chasing growth at all costs must be saved from themselves.
The tl;dr is that behind the scenes there is a lot of bad lending going on. The banks won't lose either way, in fact they stand to gain from a dive in the market. Other financial institutions may not be so lucky.
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Aug 1, 2014 09:17
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- Goffer
- Apr 4, 2007
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"..."
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Was going to the protest but it's really really cold and wet  can we redo it later?
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Aug 1, 2014 09:24
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- Les Affaires
- Nov 15, 2004
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Mostly economics chat for LesAffaires benefit. There are many many links that I didn't put in, sorry.
The tl;dr is that behind the scenes there is a lot of bad lending going on. The banks won't lose either way, in fact they stand to gain from a dive in the market. Other financial institutions may not be so lucky.
Yeah I caught this earlier today. The basic message is that our banks are under no less pressure to (out)perform just as their American counterparts. What failed for the yanks during the GFC could very well fail for us if the incumbent government decides to relax regulation beyond what it is already.
What's interesting is that it was GW Bush who exacerbated the push for subprime loans by relaxing the loan conditions back in the early 2000s. He was conned by industry and the Americans are still paying the price.
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Aug 1, 2014 09:25
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- Drugs
- Jul 16, 2010
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I don't like people who take drugs. Customs agents, for example - Albert Einstein
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Props to the OP for using "drivel" instead of "dribble"
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Aug 1, 2014 09:38
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- Gough Suppressant
- Nov 14, 2008
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Twiggy probably has worked it out and plans to be the guy standing in the car park buying them.
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Aug 1, 2014 10:45
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- Lid
- Feb 18, 2005
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And the mercy seat is awaiting,
And I think my head is burning,
And in a way I'm yearning,
To be done with all this measuring of proof.
An eye for an eye
And a tooth for a tooth,
And anyway I told the truth,
And I'm not afraid to die.
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quote: Film studios and other content creators should sue “mums and dads and students” who download pirated content, Communications Minister Malcolm Turnbull says.
Although doing this will be unpopular, he says it will help curb piracy.
Courageous policy.
quote: But Village Roadshow co-chairman Graham Burke said suing individuals wouldn’t work and “would clog up the courts”.
“New Zealand has proven that that is ineffective and also the music industry has had a bad experience [with it],” Mr Burke said on Friday.
“New Zealand has graphically demonstrated that with the music industry, after spending a fortune for a small market on lawyers and legal costs, and taking often up to 18 months to go through the court system, et cetera.
"We’re either serious about stopping piracy or we’re not.”
Very courageous.
Lid fucked around with this message at 11:13 on Aug 1, 2014
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Aug 1, 2014 11:10
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- Gough Suppressant
- Nov 14, 2008
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Tony has told Tasmania it should seek funding from the CEFC and ARENA after twice attempting to abolish them.
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Aug 1, 2014 11:14
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- Drugs
- Jul 16, 2010
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I don't like people who take drugs. Customs agents, for example - Albert Einstein
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I love stealing content. Piracy makes me feel good.
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Aug 1, 2014 11:28
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- Ler
- Mar 23, 2005
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I believe...
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Lateline @Lateline 11m
The government reveals it took 157 missing asylum seekers to within a few kilometers of India. Watch @jason_om tonight at 10.25pm
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Aug 1, 2014 11:44
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- fliptophead
- Oct 2, 2006
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They tried this in the US, sueing people who only downloaded the content. I'm pretty sure the public backlash and costs involved rendered it pretty much a rare occurance, except by the adult film industry.
The only reason why it didn't work is because George B and DA boiz weren't on the case. Those crafty pirates won't get way with it this time!
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Aug 1, 2014 11:50
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- Blue Rupie
- Mar 25, 2013
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Oh hey our Vice-Chancellor/Principal of USyd came back with a message about our debt!
Dr Michael Spence posted:Dear student,
You may have seen reports in Fairfax media today that the federal government is planning to amend its proposals to link students’ debt to the government bond rate.
If accurate, this is a welcome step in the right direction. As you will recall from my previous messages (available on the University website), I have been lobbying the government publicly and privately since May over concerns that its proposed changes to the HELP loan scheme would make university education an unattainable goal for many.
I know many of you share my concerns about the potential impact on our current and future students – in particular graduates who choose to follow important professional careers in lower-paying sectors, or women or other carers who take career breaks and consequently face an increased financial burden. These concerns relate not only to the proposed changes to how interest is calculated, but also to the planned lowering of the income level at which students must start to repay their loans, changing when they must start to make repayments.
We will continue to lobby on our concerns around affordability and in other areas before legislation is introduced into parliament, probably later this month. These concerns also include the plan to deregulate fees for students studying higher degrees by research, where we anticipate an adverse impact on demand would affect Australia's capacity to produce a world-class research workforce.
I will continue to keep you updated.
Yours sincerely
Dr Michael Spence
Vice-Chancellor and Principal
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Aug 1, 2014 11:52
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- adamantium|wang
- Sep 14, 2003
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Missing you
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Lateline @Lateline 11m
The government reveals it took 157 missing asylum seekers to within a few kilometers of India. Watch @jason_om tonight at 10.25pm
quote:Federal Government says 157 Tamil asylum seekers could have been security threat if told of destination
Lateline
By Jason Om
Updated 30 minutes agoFri 1 Aug 2014, 8:37pm
The Federal Government says the 157 asylum seekers at the centre of a High Court fight could have posed a security threat if they were told where they were going.
Court documents have revealed the Government came very close to offloading the Tamils in India, but was halted by an urgent interim injunction last month.
According to the Government's defence, filed yesterday, the Customs ship carrying the group arrived near India and was resupplied while the High Court case played out.
The men, women and children spent a month on ACV Ocean Protector before finally being brought to the Australian mainland last week.
In the week Immigration Minister Scott Morrison was holding talks with the Indian government, the plan was abandoned and the Tamils were transported to Australia's Cocos Islands.
While secrecy prevails around Operation Sovereign Borders, the documents reveal concerns the Tamils would be a security threat if they were given information about their destination.
"If the passengers from the Indian vessel were informed significantly prior to their arrival that they were being taken to India, they would take steps to prevent their effort to reach Australia from being thwarted," the defence case states.
Counsel for the Government, Stephen Donaghue, argues the Tamils would have threatened or engaged in self-harm and would have jeopardised the safety of the crew.
There were 35 maritime officers and 21 crew on board.
The court documents make no mention of the orange boats used to send asylum seekers back to Indonesia. Earlier this week, Mr Morrison refused to be drawn on operational details.
Under an agreement with India, the 157 asylum seekers will be assessed by Indian consular officials at the Curtin Detention Centre in Western Australia and could be sent back to that country.
However, the asylum seekers must first agree to speak to the officials.
The Immigration Minister has said the Tamils would be processed offshore if they did not cooperate with the Indians.
The Ocean Protector's role in future missions is in doubt with the Government's lease on the ship not being renewed at the end of the year.
Watch the full report on Lateline tonight at 10:15pm on ABC.
Jesus loving Christ
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Aug 1, 2014 12:09
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- Gough Suppressant
- Nov 14, 2008
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Holy loving poo poo is having these people in our country literally so bad that we'll cart them around the whole god drat Indian Ocean just to offload them onto someone else?
gently caress we're a lovely country.
They are incompatible with our western pluralistic democracy with values derived from judeo-Christian tradition black
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Aug 1, 2014 12:55
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- TheMostFrench
- Jul 12, 2009
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Stop for me, it's the claw!
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I wrote to some Liberal MPs about their opposition to gay marriage a couple of weeks ago and one wrote back to me - this was my email.
I posted:Dear Don Randall,
My name is *** Atkinson, I have been a resident of *** for 9+ years, my family has operated a business within *** for over 40 years; we are all firm believers in equality for all and see the right to marry a loved one regardless of gender or sexual preference (especially in a developed nation such as Australia) as a basic social right.
Many of my friends and acquaintances are homosexual or otherwise inclined to want to be involved with a person of the same sex - it pains me greatly to know that these people who are all proud, kind, caring and contributing members to society (a number of them within the *** district!) should be denied the same rights you, me, or our families, might take for granted.
It is especially important to give these individuals such rights because it puts them on the same social platform as other straight/cis-gendered individuals thus showing to current and future generations that being homosexual, bisexual, etc makes you an equally respected member of society and that your contributions and existence are just as meaningful as those who are not.
I urge you to do what is right and, judging by current trends, what the Australian people want, by supporting marriage equality.
It is comforting to know that some of them read this stuff.
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Aug 1, 2014 13:14
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- gay picnic defence
- Oct 5, 2009
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I'M CONCERNED ABOUT A NUMBER OF THINGS
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Write one to him pretending to be a rabid bible thumper and you'll probably get back their other email template that explains that marriage is for white, straight people and that the LNP firmly believes that gays are icky and have no place in decent society.
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Aug 1, 2014 13:21
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- I would blow Dane Cook
- Dec 26, 2008
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I'd love to see someone ask why this shouldn't also be extended to the pension and veteran's benefits. Why should my tax dollars be spent so some old lady can feed her pokie addiction?
license_to_punt.gif
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Aug 1, 2014 14:12
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- AVeryLargeRadish
- Aug 19, 2011
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I LITERALLY DON'T KNOW HOW TO NOT BE A WEIRD SEXUAL CREEP ABOUT PREPUBESCENT ANIME GIRLS, READ ALL ABOUT IT HERE!!!
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Is there anything, anything at all that your current government does that isn't loving awful? I mean there are obviously good things but all of those seem to be things done by previous administrations.
Australian politics is like watching a really nice and well built old structure being burnt down by the people inside.
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Aug 1, 2014 16:17
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- Goodpart
- Jan 9, 2004
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quarter circle forward punch
quarter circle forward punch
quarter circle forward punch
rip
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No
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Aug 1, 2014 16:40
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- Adbot
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ADBOT LOVES YOU
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Apr 28, 2024 11:31
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Aug 1, 2014 06:22
