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The Monday Report

May 21, 2012

Here is an open discussion thread seeing as we didn’t have one on the weekend…

68 Comments leave one →
  1. May 21, 2012 9:06 am

    Staying Alive.

    Robin Gibb has snuffed it.

  2. JAWS permalink
    May 21, 2012 9:37 am

    We seem to be losing quite a few music celebrities at the moment.

  3. May 21, 2012 9:41 am

    I thought he was already dead.

  4. JAWS permalink
    May 21, 2012 9:44 am

    So its just The Bee Gee now

  5. Tony permalink
    May 21, 2012 5:41 pm

    ‘The FT reports that €5 billion has left Greek banks in just the last two weeks, some 3% of the total remaining deposits, by my calculation. As Mervyn King, the governor of the Bank of England noted during the Northern Rock crisis, “Once a bank run has started, it is rational to join in.”’

  6. Tony permalink
    May 21, 2012 5:49 pm

    ‘Some people fear that Greece’s departure could deliver a seismic shock to the world financial system. After all, a country leaving the euro is potentially a much more significant event than the failure of a US investment bank. So it could be “Lehmans on steroids” – but I doubt it.

    There can hardly ever have been a financial event more telegraphed in advance. Deposits have fled the Greek banking system, companies have cut exposure to Greek customers, banks have written down Greek debt and central banks have prepared their reactions. By contrast, the Lehman’s debacle came like a bolt from the blue.

    I wouldn’t even be surprised if, after a Greek departure, the world’s equity markets ended stronger. Indeed, this is starting to be the smart view in the City.’

  7. JAWS permalink
    May 21, 2012 6:26 pm

    “I wouldn’t even be surprised if, after a Greek departure, the world’s equity markets ended stronger.”

    I agree. But in the second half of this year

  8. el gordo permalink
    May 21, 2012 9:29 pm

    They have been talking about the economic demise of Greece for a couple of years and the UK PM said if the Greeks can’t abide by the rules then they’re out. Importantly…Spain and Italy must be protected from the contagion, otherwise we’ll be confronted by a steep learning curve.

    Equity markets may pick up in the second half, but how does the average punter know when its reached bottom?

    Super is under stress.

  9. armchair opinionator permalink
    May 22, 2012 2:45 am

    More conflict of interest, is there any australian appointee to high office who does declare their conflict of interest?

    Who are ‘Doctors for the Family’?

    …Naturally, other media jumped all over it. The AMA practically fell over themselves to get into the TV studios so they could denounce the letter, and a raft of evidence showing that same-sex parenting was no more or less damaging than any other kind made it to the airwaves. Uncomfortably, one of the signatories was Professor Kuravilla George, who serves as Victoria’s deputy chief psychiatrist. He’s also a board member of the Victorian Equal Opportunity and Human Rights Commission.

    Oops. How did that guy slip through the cracks? That’s the question everyone’s asking. How did someone with such blinkered – and frankly wrong – views make it into such a sensitive position? And it’s a good question. But there’s more going on here. What we’ve seen is just the surface…

  10. JAWS permalink
    May 22, 2012 12:47 pm


    It looks like the adverts at the beginning are at random. No more car advert

  11. el gordo permalink
    May 22, 2012 3:52 pm

    Wilkie will accept a watered down version of pokie reform and you would have to wonder why.

    It appears he began his political career as a Liberal, then became Green and more lately an independent. He could stitch up a deal with Abbott now, but not after the next election.

    Wilkie has the power of one, if only he could recognise it.

  12. el gordo permalink
    May 22, 2012 4:39 pm

    It now appears France, Italy and Spain are forming a block counter to Germany, with a euro bond blitz in the form of a Marshall Plan.

    Spending on infrastructure is the way ahead, in true Keynesian style.

  13. May 22, 2012 8:01 pm

    I’m back, did u miss me…?

    Did I mention that NZ is a shithole…?

  14. May 22, 2012 8:13 pm

    Don’t you mean that the Nth Island is a shithole? Middle Earth The Sth Island rules! At least, the places I went to 25 yrs ago were balldrainingly scenic. 🙂

    * welcome back

  15. May 22, 2012 8:27 pm

    Thank you boss, yes I was in Auckland, a vacuous shithole…

  16. May 22, 2012 8:32 pm

    Agreed, that theme park is like DisnetWorld come to Christies Beach.

  17. May 22, 2012 8:33 pm

    Or a yardglass full of Yarra water, swigged at room temperature.

  18. cassiekey permalink
    May 22, 2012 8:48 pm

    When I was in NZ the helicopter pilot told me that there are 5000000000possums, what I’d like to know is who counted them?

  19. Tom of Melbourne permalink
    May 22, 2012 9:06 pm

    I’ve not visited New Zealand, I went to Bondi a lot in the 80s, so I’ve met most of them.

    I’m thinking I’ll go to NZ when I’m contemplating death.

  20. TB Queensland permalink
    May 22, 2012 9:13 pm

    NRL STATE OF ORIGIN – the greatest football competition in the world – in Melbourne tomorrow (why in Melbourne? I’ve no fkn idea) but enjoy the opportunity … Philistines …


    sreb, as you know I’ve been privileged to travel the world (including third world and developing countries) … the only place I’ve ever felt “uneasy”, because of the “locals”, was catching a ferry for the islands at, Auckland Harbour …

  21. el gordo permalink
    May 22, 2012 9:32 pm

    Howdy stranger….Qld favourites yet again.

    New South Wales

  22. el gordo permalink
    May 22, 2012 10:10 pm

    For the first time in 300 years UK interest rates set to fall to zero.

  23. Tom of Melbourne permalink
    May 22, 2012 10:49 pm

    Schapelle to be free this decade!!

  24. JAWS permalink
    May 22, 2012 10:59 pm

    Thank God Paul Howes of the AWU has entered the economic policy debate
    overnight and has advocated government and unions picking

    I think he has had a go at that once before in June 2010.

    Anyway we can all sleep well knowing he has taken control

  25. JAWS permalink
    May 22, 2012 11:01 pm

    New South Wales………….New South Wales………….New South Wales…..

  26. JAWS permalink
    May 22, 2012 11:27 pm

    Looks like BHP are just going to starve out the striking miners in the Bowen Basin.

    The unions want the public to believe its about everything except wages.


    This will be interesting

  27. TB Queensland permalink
    May 23, 2012 5:09 pm

    … oh, the irony of it all …

    GINA Rinehart has been named by BRW as the world’s richest woman, with a fortune of $29.17 billion, despite a horror year of bitter personal battles over the family wealth.

    The mining magnate has grown her wealth by an unparalleled $18.8 billion this year even as the acrimonious feud with her three eldest children continues to play out in court.

    … has grown her wealth … I don’t think so … had it grown for her more like!

    Nor will she share with the real owners – Australian citizens …

    Mining magnate Gina Rinehart, listed by Forbes Australia in 2011 as Australia’s wealthiest person[12], is a fierce opponent of the tax, arguing that it will drive away billions of dollars of investment.[13]

  28. TB Queensland permalink
    May 23, 2012 5:29 pm


  29. el gordo permalink
    May 23, 2012 5:42 pm

    Why are they playing in Melbourne?

    Go the blues!

  30. el gordo permalink
    May 23, 2012 5:56 pm

    They are playing in Melbourne because they were made an offer which they couldn’t refuse.

    ‘You’d like to think as Sports Minister in the SCOTW you’d make it your business to know about this event which the Victorian Government has paid upwards of $2million to host. Like who’s playing, what the series is called, and even some players’ names.’

  31. May 23, 2012 6:02 pm

    There are a lot of Queenslanders in Melbourne this evening…

    They’re easy to spot. You can see the static electricity flying off their clothing as they walk past.

  32. el gordo permalink
    May 23, 2012 6:50 pm


  33. James of North Melbourne permalink
    May 23, 2012 7:02 pm

    Well, TB, it depends on the states involved and whether those states collect royalties, as minerals, except those offshore, are owned by the states. That is a constitutional fact.

  34. Tom of Melbourne permalink
    May 23, 2012 7:22 pm

    There’s some game on here tonight. I was offered a spot in a corporate box, but I decided I had better things to do.

    I’m going to wash some dishes, maybe combine with a little ironing.

  35. May 23, 2012 7:28 pm

    Wise decision Tom, I mean really, who are these people…?

  36. JAWS permalink
    May 23, 2012 11:01 pm

    Gina has been basically valued on the basis
    of the potential that is in the ground.

    There is no stash of billions in cash

  37. Meta permalink
    May 24, 2012 9:48 am

    (Why are state(s) of origin(s) matches always conducted on Woden’s day in a Judaeo-Christian, erm, footballing nation? Why not Sun day, or Moon day, or Thor’s day, or Freija’s day, or Saturn’s day? And why in the moonth of Maia? And why in Melbourne, Victoria when the essence of the longstanding sporting rivalry presumably is the penciling-in of a subdivision of New South Wales into New South Wales and Queensland?)

  38. TB Queensland permalink
    May 24, 2012 9:58 am

    My point, Wally … some folk around here don’t understand IRONY, sarcasm and/or cynicism …



    As for the whingers in NSW … and the last try – really was a try … it could have been a “penalty” try … it is illegal to kick at the ball when a player is in position to score a try – as Farah (NSW) did … while the ball bounced off Inglis after it was kicked … fair try …

    The referee does not have to be certain a try would have been scored. In rugby league, the referee “may award a penalty try if, in his opinion, a try would have been scored but for the unfair play of the defending team

    And what’s DH Harrigan doing publicly declaring mistakes by referees and sports writers writing selectively biased items in Wankers all … as for Haines – he sjould have been sent off in the first half for his cowardly hit on Thurston … Ricky Stewart was a nasty, sneaky thug on the field and the same disease has obviously been caught by the 2012 NSW team … if they played football and not the biff, they might win a game every once in a while …


  39. TB Queensland permalink
    May 24, 2012 10:00 am

    For the unititiated a penalty try carries EIGHT points rather than the usual FOUR … NSW were lucky …

  40. el gordo permalink
    May 24, 2012 10:14 am

    We wuz robbed.

  41. TB Queensland permalink
    May 24, 2012 5:31 pm

    Harrigan, the boss referee, reckons you wasn’t robbed … that’s four referees now … how many do you want? 🙄

  42. TB Queensland permalink
    May 24, 2012 5:53 pm

    You can be an iggorant prick, Toillette! G’day!

    FYI only … ’cause I know you come from the state with no name!


    QUEENSLANDER! (at the moment!)

    Really slack this year forgot to put up my SoO flag!

    So have you come up with a new name for SA?

  43. May 24, 2012 5:56 pm

    The only good one I’ve heard put forward so far is ‘RANNsacked‘ . 😉

  44. May 24, 2012 5:59 pm

    Noone of sane mind actually cares about a game of runball between two entitlement States. I can’t get over how boooooring that shite is. It’s right up there with archery, bowls & netball.

  45. James of North Melbourne permalink
    May 24, 2012 6:03 pm

    Girls wear short skirts in netball. Some of them are perky.

  46. Neil of Sydney permalink
    May 24, 2012 6:18 pm

    I can’t get over how boooooring that shite is.

    I find soccer boring to . i guess that is why it has never taken off here. But it is the worlds most popular game. Soccer sends me to sleep.

    I think you need to be born in a Rugby state to appreciate the game. Perhaps it is the violent contact in Rugby which turns some people on.

  47. May 24, 2012 6:35 pm

    Violent contact is good. I readily concede that that’s the one thing that sport has going for it.
    No ball skills though. Just running lumps of gristle without necks & adorned by bludgeoned ears.

    * You’re right about netball, snacty. 😉

  48. TB Queensland permalink
    May 24, 2012 6:47 pm

    Girls wear short skirts in netball. Some of them are perky.

    and its on late at night, hey, James … 😉

    Perhaps it is the violent contact in Rugby which turns some people on. Fucking oath Noddy’s!

  49. May 24, 2012 7:06 pm

    Really, you’re better off watching the world’s fastest growing sport…mixed martial arts.

    UFC doesn’t pretend to have ball skills & the brutality is unsurpassed! 😯

  50. May 24, 2012 7:10 pm

    don’t you mean “marshall arts?”

  51. May 24, 2012 7:12 pm

    haha, yes of course!

    I watch them in my bespoke, then I dig holes & move large rocks into position.

  52. Tom of Melbourne permalink
    May 24, 2012 7:14 pm

    Beach volleyball can be exciting too.

  53. May 24, 2012 7:17 pm

    As can men’s gymnastics.

  54. Tom of Melbourne permalink
    May 24, 2012 7:23 pm

    I’m a he fan of spectator sports!

  55. Tom of Melbourne permalink
    May 24, 2012 7:24 pm

    Don’t know what happened there, it’s supposed to show some real sporting action!

  56. TB Queensland permalink
    May 24, 2012 7:44 pm

    As can men’s gymnastics. 😯

    Hope you are watching Survivor, sreb! Especially Colton …he’s running the show!!!

  57. TB Queensland permalink
    May 24, 2012 8:01 pm

    I’m a he fan of spectator sports

    Mmm … “he fan”, hey? Big boy! 😉

  58. Bacchus permalink
    May 24, 2012 10:14 pm

    What are you all so concerned about? Twiggy reckons it’s all a beat-up 🙄

    Mining magnate Andrew “Twiggy” Forrest has described the European debt crisis as a beat-up.

    But, he says Australia is still “lucky to be next to Asia and not Europe”.

    “In global economic terms, it is more storm in a teacup beaten up by the media,” Mr Forrest said when asked about the economic crisis gripping the eurozone.

    Read more:

    And here:

  59. el gordo permalink
    May 24, 2012 10:25 pm

    All of the German media expect Greece to exit, so at least that’s settled.

  60. el gordo permalink
    May 25, 2012 7:17 am

    The date for Greece’s exit is January 1, 2013 and plans are being made to restrict the contagion, but the feeling is that it will be disruptive no matter what.

  61. TB Queensland permalink
    May 25, 2012 11:45 am

    Twiggy reckons it’s all a beat-up

    Business as usual down’t mine, then … no probs with paying his MRRT … good … my age pension application is in …

  62. JAWS permalink
    May 25, 2012 12:11 pm

    He wont be paying MRRT for a loooooooooooooooong time.

    Twiggy has been a very big infrastructure builder but his cost per tonne is much much higher than a BHP or Rio and they are already exempted. With the ore price down he wont be paying MRRT.

    A Chinese outfit might be interested in FMG as a takeover target but he is just not “Tier 1” enough for the Big 2.

    Atlas Iron is a preferable play especially for BHP as it has its own port facilities and BHP needs the same facilities at the same port. So BHP can either build its own and spend some money or print some of its own “money” and take over Atlas in a paper takeover.

    Plus Atlas actually already makes a profit and pays a dividend.

  63. James of North Melbourne permalink
    May 30, 2012 6:41 pm

    Assange is off to Sweden.

  64. JAWS permalink
    May 30, 2012 6:44 pm

    Kitty will be happy I’m sure.

    She always likes to see justice in action.

  65. JAWS permalink
    May 30, 2012 6:47 pm

    Spanish Bond Yields now at 6.6%

    Who is gonna blink first ?

    Will Angela get the cheque book out……………………………..Again

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