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UK Nationalises banks

http://news.theage.com.au/world/britain-nationalises-second-bank-as-turmoil-deepens-2008092

and others

Dutch government nationalises Fortis

http://www.radionetherlands.nl/currentaffairs/region/netherlands/081003-fortis-dutch

Iceland nationalises bank and seeks Russian loan

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/3154116/Financial-crisis-Iceland-nationalises-bank-and-asks-Russia-for-3bn.html

US 'nationalises' mortgage lenders

http://fw.farmonline.com.au/news/world/world/general/us-nationalises-mortgage-lenders/1266015.aspx

 

Lang and Chifley must be laughing all the way to the. . .?

The Story of J. T. Lang by Ralph Dixon 1943

Ben Chifley, Prime minister and policies (1945-1972), Power, people and politics in the post-war period, History Year 9, NSW | Online Education Home Schooling Skwirk Australia

The Bank of England was concerned by the possibility of default and in 1930 sent an envoy, Sir Otto Niemeyer, to lecture Australian governments on the virtues of austerity and belt-tightening. At a conference in Melbourne in that year, all state and federal governments agreed to slash government spending, cancel public works, cut public service salaries and decrease welfare benefits. This became known as the "Melbourne Agreement".

 

Jack Lang, the Labor Party Leader of the Opposition in New South Wales and a fiery left-wing populist, campaigned vigorously against the provisions of the Melbourne Agreement. He was elected in a landslide in the NSW state election of 1930

Great Depression in Australia - Wikipedia, the free encyclopedia

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Bit of a mystry post there Michaelangelica :lightning

 

 

 

Re the banks - The 'we want it know' mindset at work, eh :)

Reputation is sometimes hard to give to another meber for astack of reason you will learn. I wanted to give Moontanman a tick for rep but couldn't- just letting him know

Have you checked your user CP yet?

 

Inserting show tonight on The ABC Inventors. An electric car, a hydrogen boat, a mini helicopter all fascinating.

New Inventors - ABC TV

Re-inventing the Wheel

 

This week's special Reinventing the Wheel will be followed by a live web forum at 8:30pm. Panellists include the inventors behind the inventions and ideas presented in tonight's show...

 

Transport web-poll results also available

Pity there is no finance available to develop such ideas in Oz.

The car seemed the best developed system/idea.

Then not everone agreed

As soon as any ABC program gets anywhere near any politically correct subject it loses all common sense. And this edition of New Inventors proves it. TREV is not an invention. Its simply an engineering exercise by university students, and it shows. It is is not manufacturable because it lacks all the necessary production features. And it is not registerable because it lacks necessary safety features. It would have to be completely redesigned to be commercially viable. The hydrogen system for the boat was just nonsense. Between generating the power from windmills then converting it to hydrogen it'd cost a fortune and require a dirigible to store enough of it. And while dual counter-rotating blades on a helicopter is a very interesting idea, making it electrically powered makes it totally impracticable because of electric's weight to power ratio. New Inventors judges just failed to ask any of the difficult questions that would have pointed to the huge shortcomings of all these products. Safety for the car. Hydrogen storage volume required and energy cost for the boat. And range for the helicopter. We deserve better than this from the judges. We deserve assessment of inventions technical merits, not just their political correctness.

All the concepts needed more work development but hey it is a start.

 

The car looked a little like a friend's Citroën 2cv that he imported.(Why?):smart:

Well it looked a little more flash than the 2cv which he loves. i don't think the 2cv has changed since WW2

Although. . .

"I don't know if Citroën is working on a new 2CV, but after VW Beetle, Fiat 500 and the new Mini, this could as well be the next resurrection..." Portela said.

 

History buffs may recall that the original 2CV (an acronym for deux chevaux vapeur, literally "two steam horses") was a low-budget car produced by Citroen from 1949 to 1990, and it generated a cult following in the latter part of its lifespan.

Wacky tribute to Citroen 2CV ? Car Reviews, News & Advice ? carsales.com.au - carsales.com.au

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There are parts of Australia where English is more of a recently arrived, 'second' language.

 

I suppose there'r a lot of 'second languages' there by this time eh? ;)

And No, I hav'nt ticked the green button yet - as a recent arrival to this site am I expected to know all the buttons from the start ? :(

 

The green button at the top right of every post is a way to give 'rep' to another member. As you accumulate the 'rep', your green bars will grow. It's an even shorter way of saying "Aye, matey :pirate:" without having to resort to a full-blown PM. :)

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Hey so whats going on with our economy? shares are dropping, property is stagnating, the government is trying to give inject money into people that will spend it..

 

 

...economy gone to hell!!!

 

Heck, ...off sick for a few days, and it looks like the Al Gore Worshipers (AGW) have had their way :hihi:

 

 

Hmmm... fortuitously for Oz we suffer from a more.....'refined' oversight of our financial system (hopefully I'm not suffering any illusions or delusions here:lol:)

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  • 2 weeks later...

The Seasons in Australia

I had to do some research on this and was helped by a fellow Ozzie

 

The solstices and equinoxes (or equini), which mark the beginning and end of summer and winter respectively, are still named in exactly the same way they are in the northern hemisphere, due to the sheer superiority of it's population - and, of course, because as we all know, the northern hemisphere is bigger (as a cursory glance at any mercator map will show) - therefore it would be impossible to name the hot seasons 'summer' as they are heralded by the winter solstice and, in much the same way, 'winter' would be a silly name for the season which starts with the summer solstice, now wouldn't it?

That just wouldn't make sense! Therefore, we in Australia, and other parts of the Southern Hemisphere such as India and Japan, have winter in December and summer in July. It just happens to be very very hot during our winter, and overbearingly cold during summer.

Actually, it's quite fun during summer making snowmen and skiing joyfully around the ski fields of Sydney - and then, of course, during winter we all gather around the Christmas tree and watch the bushfires on TV.

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Its all a bit of a mess.. what do you guys think?

 

Hi Jay-qu,

 

I wrote the following 2 pieces in October 1998 after the US Federal reserve made the investment banks (all dead now) bail out LTCM for 10 billion. Unless all the global laissez faire politicians pull their fingers out en mass, there isn't going to be a global financial system in another 10 years.

 

October 1998 Global Economic Circus

 

Roll Up, Roll Up one and all. In honour of the coming change in the tide of international economic rationalism, the 'Global Economic Circus' presents three New World Wonders for your amusement. No questions asked, no responsibility taken, no refund or guarantee implied warranted or given.

 

Ring 1 - Atomic Rocket Science Revealed

 

The new economic 'rocket science' is easy to understand once the amazing Atom Man weaves his magical spell. If Energy (E) equals Mass (M) times c squared and E also equals 'user paid' dollars (UP$) per M then c equals both the speed of light and the square root of UP$, for all M greater than zero, according to current global economic theory. This explains why light speeds faster wherever the power system fails (time slows down, because energy costs more, to compensate for the faster speed) and light runs more slowly in other locations where energy is cheaper and time runs much faster. It's so much easier now, isn't it.

 

Ring 2 - The Mobius Python

 

Jack the explorer and a 'brave' economist*, recreate their recent expedition into the darkest financial jungle. They have just spotted a massive python in the process of eating itself by the tail under a huge hedge of obfuscatia vine. The economist remarks on the reptiles 'exceptional growth rate' while the explorer retorts that 'the stupid snake would probably die when it eats over half of itself'. 'No chance of that' says the economist, 'all I need to do is slow down the rate a bit to guarantee sustainability'. With a stroke of ironic genius the economist moves closer and disturbs the previously engrossed reptile. The starving snake, realising its folly, disentangled itself from its predicament, latches onto the economist and prepared itself for a real feast. *We have a conditional free offer of an inside ring seat for one economist during each and every performance.

 

Ring 3 - Frankenstein & Jekylls Cow

 

Dr's Frankenstein and Jekyll are two biologically inclined economists who have put together a cow that you can milk and eat at the same time as long as you keep on feeding it. Unfortunately, the cost of feed went up just before the show and they didn't realise that their monstrous cow had died until the milk soured and the audience got a bad dose of BSE (Bloody Stupid Economist or Mad Economist) disease. We apologise for the lingering smell and any inconvenience caused.

 

Do you know of any better ‘acts’ around the world today?

 

 

October 05 1998 'The plea of Beibionn'

 

You can have your magic beans Jack

your children are hungry and we need the cow back.

 

The lack of just terms and equitable or fair pacts

expose all crooked beanstalks to concerted attacks.

 

Unless obsessive cycles are stopped in their tracks

our towns will again be as flat as tacks.

 

You have been too trusting Jack

your children’s futures remain black

while current problems compound through lack.

 

Struggle earnestly against the pack

repudiate rights to depreciatingly retract

as giants fortress lie ripe for sack.

 

For only fair shares of the golden goose Jack

will save beanstalks and giants from the axe.

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An interesting article by Gary Johns (a minister in the former Keating Labour government)

 

Carbon tax is just tilting at windmills

 

THE one certainty of climate change (anthropogenic or not) is that it is unstoppable. Government advertisements suggest worst-case scenarios but they do not concede that these are no less likely should Australia cut its carbon dioxide output. Whether or not you believe in man-made climate change, it's out of our control.

 

Full article via - Carbon tax is just tilting at windmills | The Australian

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FB

There is a couple of threads on Carbon tax you might like to revive & join in on:-

http://hypography.com/forums/environmental-studies/10506-carbon-emissions-trading-good-bad-idea-2.html

http://hypography.com/forums/terra-preta/14350-carbon-credits.html

 

As for the economy I think we are in uncharted waters. Economic models don't seem to be helping. There seems to be a basic lack of belief and trust in the system , which in the end is what keeps it all going. Australia has almost the exact opposite economic variables as the USA but still is caught up in the crash.

I do think there is a degree of panic. I just wish I had lots of money to buy Rio, BHP and Gold stocks. 91% of Chinas growth is generated internally now and it should overtake the USA economy in 10 years time.

It surprises me they haven't bought Australia and Taiwan (much cheaper than a war) yet.

 

Some OZ Science

Additive to boost biofuels

Monday, 27 October 2008

Flinders University

stephenclark.jpg

Dr Stephen Clark

 

A biofuel additive developed by Flinders University could significantly boost biofuel use in Australia following the product’s commercialisation by the University’s industry partners, Meat and Livestock Australia (MLA), Midfield Group and Food Processing Equipment (FPE).

 

The additive lowers the temperature at which tallow-based biodiesel solidifies - a problem which causes fuel flow difficulties and has constrained the take-up of biofuels made from the waste products of abattoirs.

 

Leader of Flinders Materials and Bioenergy Group, Dr Stephen Clarke, said there “is a huge potential market for tallow-based biofuels, with the current consumption of petroleum diesel being around 15 billion litres annually in Australia”

.

Additive to boost biofuels (ScienceAlert)

 

Australia's wetlands are drying up

Monday, 27 October 2008

Charles Sturt University

 

Australia has failed to deliver on its obligation under the international Ramsar Convention to protect its wetlands, according to a senior wetland ecologist and environmental scientist at Charles Sturt University (CSU).

 

Professor of Ecology and Biodiversity and Director of CSU’s Institute for Land, Water and Society, Max Finlayson, declared that since the Australian Government signed the convention in 1975, the condition of the nation’s wetlands have continued to decline while some have vanished.

 

“Australia played a big role in developing Ramsar. By signing the Convention it agreed to look after all its wetlands, not just those listed as internationally important under the Convention. Australia’s governments have failed dismally,” Professor Finlayson said.

Australia's wetlands are drying up (ScienceAlert)

Garlic, vampires and free radicals

Wednesday, 15 October 2008

ScienceNetwork WA By Aaron Fernandes

 

While the jury may be out on vampires, the high

Selenium content of garlic can provide antioxidant

benefits.

 

 

Tying together historical beliefs about garlic and vampirism with recent research into antioxidants, a leading researcher thinks our ancestors may not have been too far off the mark.

Garlic, vampires and free radicals (ScienceAlert)

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  • 2 weeks later...
US car giants 'laugh at Aussie suckers'

 

By Pia Ackerman and Nicola Berkovic

The Australian

November 12, 2008 07:30am

 

 

Handouts ... much of the $6.2bn Government money for carmakers could end up in the US.

 

* $6.2bn will be pumped into car industry

* Insiders say money will end up in US

* Motor show pictures: Sydney | Paris

 

THE American owners of local Ford and Holden plants will be laughing at the Australian "suckers" who have handed them a $6.2 billion industry assistance package, former car company executives say.

 

Expressing disappointment yesterday at the latest industry handout, industry veterans said the money would ultimately end up back in Detroit rather than bolstering needy sectors of the local industry.

 

Former managing director of Mitsubishi Australia Graham Spurling said the car companies would get a "free ride" from the Rudd Government on research and development, The Australian reports.

 

"They will say: 'Aren't we suckers'," said Mr Spurling, who led a South Australian government special automotive industry taskforc

US car giants 'laugh at Aussie suckers' | Business | News.com.au

 

Reminds me a little of the millions given to Kodak a few months before they folded.

 

and

what happened to the $60 million given to Chevron Mobile In WA last year by Howard?

Did it go to make for a conservative government/victory in WA?

 

----------------------------------------------------------------

Australian movies and movie reviews

REVIEWS

http://www.abc.net.au/atthemovies/txt/s2402348.htm

History

Australia’s audiovisual heritage online

http://australianscreen.com.au/

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Scientists sequence kangaroo genome

Scientists sequence kangaroo genome (ABC News in Science)

 

Why is this?

Kidney diseases in Central Australia now runs at somewhere between 30 to 50 times the national average. Nearly 200 people are stuck on dialysis in Central Australia alone. And there are 200 more identified as pre-dialysis. If that situation pertained in a city like Sydney, there would be more than 13,000 people in dialysis every day!

 

A simple visit to the dialysis unit in Alice Springs is a sobering experience. Nurses work tirelessly to provide leading-edge care. A phalanx of haemodialysis machines grind away all day and into the night dragging out the blood, cleaning it and pushing it back into often uncomprehending patients. The light has gone from their eyes.

 

Some epidemiologists even say this raft of chronic diseases will lead to extinction.

 

One board member of the New South Wales Aboriginal Land Council said, 'I'm 56 and all my friends are dead. I'm sick of going to funerals. And to make it worse, there are so many people who can't afford a coffin.'

Ockham's Razor - 2 November 2008 - Kidney disease amongst Aboriginal people

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Only in Oz can you have Keystone Robbers, blowing up own getaway car as well as the ATM. :confused: LOL

Bungling Sydney ATM bombers blow up getaway car in attack at Clovelly

 

By Bill Hearne

The Daily Telegraph

November 25, 2008 08:34am

 

 

 

More ATM explosions

The ATM gang have struck again, with three more banks targeted overnight. 11/2008

ATM blown up in Clovelly

Blast ... the abandoned getaway car and damage cause by the explosion. Picture: Bill Hearne

* ATM bombers strike three times

* But blow up own getaway car as well

* Pictures: ATM, getaway car blown up

 

Bungling Sydney ATM bombers blow up getaway car in attack at Clovelly | News.com.au Top stories | News.com.au

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