Comments on Karen Maley “Who should pay for the GFC?” 1/04/2010, http://www.businessspectator.com.au/bs.nsf/Article/Who-should-pay-for-the-GFC-pd20100401-442RF?OpenDocument&src=sph
It is nonsensical to suggest that some banks and financial institutions have been bailed out in the GFC, every bank and financial institution should be punished.
Any financial reforms have to resolve the moral hazard issue of any reckless financial institutions.
The ultimate punishment is to have all shareholders and creditors value wiped out and possible criminal prosecutions for its key personnel, in case it cannot repay the government's costs of bailing it out.
Only in that way, every institution will have no illusion that they would be bailed out freely, and the financial system will also have security and order.
2010-04-01
Gillard must act now to stop rorts in the BER programs
Comments on Ray Hadley “Education revolution has become a rort”, 1/04/2010, http://www.theaustralian.com.au/news/opinion/education-revolution-has-become-a-rort/story-e6frg6zo-1225848217965
Now the emergence of economic meltdown in Australia has clearly been long over, so it is high time for the government, starting with Julia Gillard the education minister to make changes to the BER programs, so most building projects can be more effective in terms of meeting real education needs and good value for money.
It should audit all projects and recall any rorts from rogue operators, and fine any officials in negligence of their duties to taxpayers.
The government will be deliberately irresponsible if it does not improve the BER program and projects. Any politicians should be and must be held accountable for their reckless negligence. Criminal investigations should be conducted to stubborn politicians abusing their positions and wasting taxpayers’ money.
The waste in the BER is likely to be billions. If such obvious and open rorts cannot be stopped, just imagine how much more taxpayers’ money will be wasted in future?
The public should act and force the government to act.
Now the emergence of economic meltdown in Australia has clearly been long over, so it is high time for the government, starting with Julia Gillard the education minister to make changes to the BER programs, so most building projects can be more effective in terms of meeting real education needs and good value for money.
It should audit all projects and recall any rorts from rogue operators, and fine any officials in negligence of their duties to taxpayers.
The government will be deliberately irresponsible if it does not improve the BER program and projects. Any politicians should be and must be held accountable for their reckless negligence. Criminal investigations should be conducted to stubborn politicians abusing their positions and wasting taxpayers’ money.
The waste in the BER is likely to be billions. If such obvious and open rorts cannot be stopped, just imagine how much more taxpayers’ money will be wasted in future?
The public should act and force the government to act.
Logistic management and distribution
Comments on Robert Gottliebsen “Woolworths' weapons of war”, 1/04/2010, http://www.businessspectator.com.au/bs.nsf/Article/Woolworths-Wesfarmers-Bunnings-Harvey-Norman-WOW-W-pd20100331-438EP?OpenDocument&src=sph
Arguably, a better system for logistic management and distribution would be a combination of a central point and flexible delivery system.
In such a system, orders can be automatically made centrally and the delivery can be a combination of direct and central distribution to minimise delivery and story costs.
Arguably, a better system for logistic management and distribution would be a combination of a central point and flexible delivery system.
In such a system, orders can be automatically made centrally and the delivery can be a combination of direct and central distribution to minimise delivery and story costs.
Accelerating IMF reforms
Comments on Mark Thirwell “Reinventing the IMF”, 1/4/2010, http://www.businessspectator.com.au/bs.nsf/Article/IMF-Financial-crisis-Greece-Eurozone-pd20100331-43BQ5?OpenDocument&src=sph
IMF quotas should be based on a moving average of countries' contributions over past 5 years, so it is dynamic and can also avoid one off ad hoc influences.
Then the top few can form the board of directors with their quotas reflected in that structure.
Employment should also reflect countries’ contributions, with some degree of minimum guarantee for groups of small developing countries.
IMF quotas should be based on a moving average of countries' contributions over past 5 years, so it is dynamic and can also avoid one off ad hoc influences.
Then the top few can form the board of directors with their quotas reflected in that structure.
Employment should also reflect countries’ contributions, with some degree of minimum guarantee for groups of small developing countries.
BER blunders and the managed release of Rudd health plan
Comments on Dennis Shanahan “Blunders becoming harder to defend”, 1/04/2010, http://www.theaustralian.com.au/news/opinion/blunders-becoming-harder-to-defend/story-e6frg6zo-1225848251956
Now the public should be able to realise the main reason why the health reform plan has not been released in full for the public as well as State governments to see.
Rudd and co are using the gradual release to distract the increasing exposure of the rorts in BER and other poor economic management when they appear.
Rudd and co has learnt a lesson from the pink batts fiascos and become cleverer in dealing with any more bad exposures of their poor deeds.
Rudd and co have clearly not been fair dinkum with taxpayers on spending their money. They have treated taxpayers with contempt and been debasing their intelligence.
That is not good enough.
Now the public should be able to realise the main reason why the health reform plan has not been released in full for the public as well as State governments to see.
Rudd and co are using the gradual release to distract the increasing exposure of the rorts in BER and other poor economic management when they appear.
Rudd and co has learnt a lesson from the pink batts fiascos and become cleverer in dealing with any more bad exposures of their poor deeds.
Rudd and co have clearly not been fair dinkum with taxpayers on spending their money. They have treated taxpayers with contempt and been debasing their intelligence.
That is not good enough.
Subscribe to:
Posts (Atom)
Posts
