- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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Awesome OP. Shame it was wasted on such a poo poo topic. Nuke us Kim Jong Il - You're our only hope
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Apr 30, 2017 19:49
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- Adbot
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ADBOT LOVES YOU
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Apr 29, 2024 01:22
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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Sorry to interrupt your usual shitposting but I bring this important announcement
Government can build better, cheaper infrastructure than private sector: Morrison
Treasurer Scott Morrison says governments can build infrastructure projects more cheaply and effectively than the private sector, justifying the "good debt" focus of his second budget that next week will foreshadow a turning point to "better times" for Australian households.
In a wide-ranging interview with The Australian Financial Review, Mr Morrison expressed cautious optimism that international ratings agencies would retain Australia's AAA sovereign credit rating given his "very high goal" of keeping to the projected return to budget to balance by 2021.
He said Sydney's apartment market was "already turning" due to prudential controls on bank lending to investors that were flexible enough to avoid a "hard landing" for housing.
And he suggested the "very encouraging" economic news from the US, Europe and Asia could relieve the frustration of Australians over unexpectedly low wages and income growth since the global financial crisis eight years ago.
This positioned Australians for "the end phase of what has been a pretty long road for them".
"All of that sacrifice is going to be soon worth it so long as we keep making the right choices," he said. "After all all these years of really hard slog, not long to go now."
Mr Morrison's focus on "good" government debt to fund infrastructure projects fits in with his stated aims for the budget: to promote more and better paid jobs, to support government services and to tackle cost-of-living or low wage growth pressures.
"There are some projects that the private sector will never get off the ground because the risks are just too great," he told the Financial Review. "We have no interest in crowding out private sector investment but nor do we have great interest in paying large sums of money to manage public risk – which they will charge us more for than we can do ourselves."
The federal government has decided to give itself the option of large-scale borrowing for big infrastructure projects while still trying to protect its budget bottom line by reclassifying debt as good or bad depending on what it is used for.
Key projects to be at least partly funded in this way are expected to include an inland rail link between Melbourne and Brisbane as well as the new airport at Badgerys Creek in Sydney, given the reluctance of Sydney Airport Corporation to proceed on the government's terms.
While an "infrastructure budget" focused on productivity-boosting projects is generally popular with economists and even the Reserve Bank of Australia, there is concern the government's choices will be dictated more by political interests rather than economic criteria.
But, according to the Treasurer, projects with a long lead-time and no cash flow coming in mean the private sector must have the capital sitting dormant while also trying to manage the various regulatory, zoning, pricing and planning risks.
"That's a lot of risk for a private sector proponent to manage and if they are doing it, they have got to price all of that risk into the project," he said. "Government will price that risk quite differently because we have a different capability to manage all of it.
"Sometimes they [the private sector] are better to be the take-out purchaser. When you get into an operation phase, they are 10 times better at that. But if they have to absorb too much of the initial cost because the cost of their risk is greater, that just puts more pressure on them at the other end when the revenue starts to run."
The government's argument is that because these projects will ultimately generate an income stream, they do not need to be included in estimates of the budget balance – similar to the model for the National Broadband Network. It will also establish a new Infrastructure Financing Unit in the Department of Prime Minister and Cabinet to help advise and structure finance for projects.
The budget focus on infrastructure and assistance on housing affordability, including limited use of pre-tax income to accumulate first home deposits, are designed to give new momentum to the Turnbull government and to boost its stocks with disgruntled voters as well as boosting the economy.
In a pre-budget interview, the Treasurer dismissed criticism there is already considerable private sector capital available for investable infrastructure projects, saying there has been "no end of people" telling him this but the projects "just sit on a list" while the issue gets kicked around for 20 years.
"So how do they get from being on a list to actually happening?" he said. "Well, governments do something.
"That is what actually starts to convert something that is important into an actual project which is happening …
"Creating that expertise, that skill-set within the Commonwealth [means] that can actually be a participant in these projects, not just sign a cheque and kick the money out the door and wait for the next one which has been the traditional role of Commonwealth infrastructure."
Mr Morrison said he was taking every step and action he could to ensure Australia retains its AAA credit rating, and that external creditors are continuing to buy and indeed to oversubscribe to government bonds at a good price. But the ratings agencies have made it clear spending must generate an economic return that supports the government's ability to repay the debt.
The Melbourne-Brisbane inland rail link – while a perennial favourite of the Nationals – is widely regarded as a very expensive freight option providing limited economic benefit and a dubious long-term return on investment.
It is not one of Infrastructure Australia's seven "high priority" projects and AFR Weekend revealed it was the price demanded by Nationals leader, Barnaby Joyce, for not withdrawing his party's support for the government taking on building a second Sydney airport.
The Treasurer said it was not helpful to think about funding infrastructure projects "in absolutes".
"It is about what project and what role using what vehicles," he said. "We are always looking proactively at the difference we can make and where we think we can make that difference, well, we would be in a position to do that."
The states have traditionally taken the major role in building infrastructure but even under an active NSW Liberal government, congestion and population growth have meant building lags well behind community demands for more, especially in transport infrastructure.
Mr Morrison said the Abbott government's asset recycling program that paid states a bonus percentage of proceeds from their privatised assets if invested in infrastructure had been an excellent initiative but was expensive and had run its course. The Turnbull government ended the funding.
"It took forever for some of the states to actually sell the assets and some of them did and some of them didn't," Mr Morrison said.
"NSW certainly benefited from it and Victoria did, ultimately."
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Apr 30, 2017 22:41
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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That is what the nebulous 'good / bad' rhetoric is for. Fund the stuff the private sector isn't willing to stump up for and as soon as it looks profitable sell it off for less than it is worth. Taxpayers get to foot all the risk and reap none of the reward. Just like God intended.
Unions and Airtasker reach agreement to bring payments inline with the award [SMH]. They're trying to work something out for workers comp coverage too.
That is basically the article in a nutshell and figured it was too early to start spamming walls of text.
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Apr 30, 2017 22:50
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- Bogan King
- Jan 21, 2013
-
I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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Ahahahhahaha, comedy gold itt.
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Apr 30, 2017 23:21
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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https://twitter.com/MarkDiStef/status/858829079734136833
https://twitter.com/MarkDiStef/status/858829362916753408
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May 1, 2017 00:50
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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https://twitter.com/liamvhogan/status/858800691782930433
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May 1, 2017 01:54
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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Mark Latham stood at the back of the room in jacket and jeans listening intently to a workshop on "alternative media". In a little room above Sydney's University of Technology, a group of YouTube commentators - who usually hide behind pseudonyms - had come to show their faces and share their ideas for taking on the mainstream.
The mission, said moderator James Fox Higgins, was to "make libertarianism sexy". The men - and men they all were - on the panel seemed to agree their cause suffered from an image problem: one of oddball keyboard warriors camped out in their underwear in their parents' basements.
"Us libertarians, we're not that cool," admitted Dylan Thomas, known online as "truediltom". Perhaps to prove the point, Sven Lowe - who works on YouTube channel The Rational Rise with Mr Higgins - said he consumed "eight hours of YouTube content a day".
The Friedman Liberty Conference brought together leading libertarians from Australia and overseas for a three-day freedom fest, extolling the virtues of guns, drug legalisation and eliminating taxes.
But it was also a platform for self-styled "outsiders" of the far-right to step out of the shadows, culminating in a show-stopping double-feature late on Sunday with Mr Latham, the former Labor leader, and Ross Cameron, the former federal MP who on Saturday lost his bid to rejoin the Liberal Party.
Mr Cameron, who made headlines in February when he headlined a far-right fundraiser and called the Liberal Party a "gay club", continued his crusade against the Herald, which he accused of photographing him unflatteringly.
Addressing the Herald's photographer in the room, Mr Cameron said: "His job is to take 100 photos of Mark Latham and Ross Cameron and make them look like f---wits."
Then Mr Cameron raised his arm into a Hitler salute and yelled, to whoops of approval: "Mate, if you want to come down now I'll give you the Nazi salute and you can f--- off to the pub."
The bias and failings of the mainstream media were a preoccupation of many speakers at the conference. But it was Mr Latham's critique of "identity politics" and the modern Labor Party which stirred the crowd to rapturous applause.
Mr Latham, who lost the 2004 election to John Howard, accused Labor of drifting from a pro-market, anti-establishment ethos to embrace political correctness and identity politics in a race to the Left with the Greens.
"The Labor Party's goal posts have moved much more than my position," he said. "They've abandoned meritocracy. Modern Labor is killing itself with the own-goal of identity politics.
"I've got an IQ of three figures and I'm not going to fall for this bullshit," he said to cheers.
Mr Latham, who has been shunned by most contemporary Labor figures and also fired from numerous commentary gigs including most recently Sky News, appeared to have found a new home at the libertarian love-in.
"That's the other thing I love about a libertarian conference – no matter what I say, you can't kick me out," he said.
The conference concluded with a screening of men's rights movement documentary The Red Pill, which Mr Latham said he found "dull".
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May 1, 2017 02:08
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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https://twitter.com/Picketer/status/858803205915856896
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May 1, 2017 04:41
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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Follow minimum rules to get Centrelink benefits: bad
Follow tax rules to avoid paying billions: nothing can be done
This guy gets it.
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May 1, 2017 05:32
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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Lets leave it at that her story is she went to Colombia to pick up headphones.
Yeah she just got caught.
That was the working part of her 'working holiday' they keep calling it? So guilty.
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May 1, 2017 05:55
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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If anyone has anything more on that Lyinghat b&e / murder threat feel free to share it. Can't find anything else floating around as yet.
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May 1, 2017 06:01
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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The only person who watched sky in the replies before it got deleted said 'I saw it was leyonhjelm and muted the tv because gently caress that guy' or something to that effect.
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May 1, 2017 06:12
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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Seeing as Lyinhat looks like a fizzer we return to our regular bullshit.
Resources Minister Matt Canavan banks with Westpac, the company he has labelled "wimps" and encouraged Queenslanders to think about boycotting over its refusal to finance the giant Adani coal mine.
And Finance Minister Mathias Cormann and Prime Minister Malcolm Turnbull, who have both backed Senator Canavan's combative approach to Westpac, are also customers of Australia's second largest bank.
Senator Canavan, who blasted Westpac as spineless for refusing to fund Adani's proposed Carmichael mine in the face of climate change protests, has a Westpac savings account, according to the parliamentary register of interests, along with accounts with Commonwealth Bank, ING and HSBC.
"May I suggest those Queenslanders who are seeking a home loan or a long-term bank deposit or some such in the next few months might want to back a bank that is backing the interests of Queenslanders," he said over the weekend.
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May 1, 2017 06:19
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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https://twitter.com/hughriminton/status/858924877448749056
RIP higher education
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May 1, 2017 07:05
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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I don't drink or drive but this makes me want to start both
https://twitter.com/VictoriaPolice/status/858909920866861056
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May 1, 2017 07:27
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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https://twitter.com/DavidSharaz/status/858840993549885441
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May 1, 2017 09:44
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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https://twitter.com/oz_f/status/858973168727277570
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May 1, 2017 10:17
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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How the gently caress does an ex-rugby player screw that up?
Like everything else with Turnbull he's taking his lead from the hard right now rather than relying on his own knowledge.
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May 1, 2017 10:18
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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Cool, I'm only paying over half my income after tax on rent for a lovely unit in the outer suburbs and was looking for something to spend the remainder of my disposable income on
Then you'll love this
https://twitter.com/DPlunky/status/858974851108708352
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May 1, 2017 10:29
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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I don't understand what that means
and I'll never learn because I can't afford to go to uni now
For every dollar their income goes up they basically pay 97% tax because of tax breaks lost / help debt paid. Consider this a lesson from the school of hard knocks.
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May 1, 2017 10:37
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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For every $500 a year pay rise you get is a smashed avo at $14 a year you can treat yourself to. How awesome is that. $1000 pay rise and you can literally treat yourself once every blue moon.
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May 1, 2017 10:50
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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She's trying to say "don't throw me in prison for all the fraud I've so obviously committed"
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May 1, 2017 10:54
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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For some light hearted comedy in the interlude I present
https://twitter.com/theboltreport/status/847367739752693760
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May 1, 2017 11:00
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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Rowan Dean is Australias Greatest Satirist™. Sorry if he is too high brow for you.
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May 1, 2017 11:29
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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That's probably the point. There's not enough students getting a decent job, let alone full time work of any kind so they just lower the threshold until everyone is paying it back regardless of how little they make. It's getting pretty close to the minimum wage actually.
Minimum wage is $34,980. As Birmingham pointed out on 730 it's 20% above minimum wage.
The Googles posted:
In 2014, the median starting salary for bachelor degree graduates aged less than 25 and in their first full-time employment was $52,500 (essentially unchanged from $52,450 in 2013, and $52,000 in 2012).
There should be a tax on companies that employ graduates for less than median wage as they're obviously leaners and not paying graduates enough to pay back HELP debt.
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May 1, 2017 23:09
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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A Federal Government trial restricting how Centrelink recipients can spend their money is costing taxpayers up to about $10,000 per participant.
The Cashless Debit Card quarantines 80 per cent of welfare and cannot pay for liquor, gambling or be used to withdraw cash.
The Coalition is looking to expand income management to more communities, with one MP pushing for 10 new trial sites to be announced in next week's budget.
Details released under the Freedom of Information show the pilot program is costing up to $18.9 million, excluding GST.
The Government is paying the debit card provider, Indue, at least $7.9 million, while the Social Service Department's administrative costs are $2.6 million.
A Government-funded report in March said about 1,850 people were covered by the trial.
The compulsory scheme began last year in two areas with large Aboriginal populations — Ceduna in South Australia and Western Australia's East Kimberley.
The preliminary report found a quarter of drinkers on the card reported consuming alcohol less often and about a third of gamblers had curbed the habit.
But it also showed one in two participants said their life was worse because of the card.
Human Services Minister Alan Tudge used the data to hail the card a "success" and last month told the ABC the Coalition was considering a further rollout.
"We just want to further consult with different regions in terms of their appetite for change," he said.
"And then we'll consult obviously internally and assess whether or not we should be progressing further with it."
Labor has reserved judgment on the possibility of expansion until a final evaluation is released mid-year.
But it has rejected the prospect of Australia-wide welfare quarantining.
"Labor does not believe that the cashless debit card should be rolled out nationally," Opposition social services spokeswoman Jenny Macklin said.
Ms Macklin and Labor's human services spokeswoman Linda Burney last month held consultations in the East Kimberley towns of Kununurra and Wyndham about the card.
How about we just give those poor people $2,500 payments in cash every quarter and let them improve the quality of their lives a bunch. This way we can feel good about helping people and it isn't costing us any extra money over what we're paying now for this crock of poo poo.
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May 1, 2017 23:26
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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In case you didn't realise already the goal is to make miserable not improve their lives.
The primary goal is probably not this though. That's just a delightful secondary purpose / way to sell it to the BA Santamaria crowd. As always, the primary goal is graft. LNP friends and donors will be the ones making fat stacks off this business just as God intended.
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May 2, 2017 00:00
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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This is pretty interesting. Imagine being the monopoly airport and not wanting to control what will amount to the competition. Something messed up going on here.
https://twitter.com/abcsydney/status/859177337274814464
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May 2, 2017 00:02
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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Is there anything novel about that company? It just looks like a very small real estate fund? Wouldn't you be better off buying shares in an ETF that's listed somewhere and which you can sell easily?
It's got an app. It's obviously better.
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May 2, 2017 00:57
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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https://twitter.com/oz_f/status/859236212996845568
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May 2, 2017 03:43
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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gently caress
like I knew I'd need to start paying HECS next year when I finish my grad year and get promoted (which I don't mind doing considering my degrees got me into a great job) but it'd be super awesome if the HECS increase didn't entirely negate the pay increase.
Congratulations then it doesn't completely negate it you just get 3c extra money to spend for every $1 extra you get paid. As we no longer have anything smaller than 5c you can round up and be assured of a red frog for that pay bump.
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May 2, 2017 04:38
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- Adbot
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ADBOT LOVES YOU
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Apr 29, 2024 01:22
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- Bogan King
- Jan 21, 2013
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I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
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https://twitter.com/macleanbrendan/status/859363905931427841
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May 2, 2017 12:20
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Apr 30, 2017 19:49
