Statement of Belief
Poll TimeNo poll at the moment - a new one will appear soon.
Screams from the Stalls
archiearchive FCD on Lest We Forget cornbeck on Lest We Forget Lawrence Winder on The Public Life of Scott … Puff, The Magic Drag… on Vale, Australian Cricket archiearchive FCD on The Peter Principle Lawrence Winder on The Peter Principle Bloome on Exercise Mark Kempson on Two Wongs Don’t Make A… cornbeck on Scott Morrison; The Early… steve on Australia’s New Prime…
My guests have made
- 1,338,479 gentle footfalls
This work is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 License.Just a link is all that is required if you want to reuse my work.
Category Archives: lifestyleImage
With the second lifting tower in position, the second span of the bridge was lifted into place.
It took about seven hours, beginning before dawn.
It is the weekend.
The time for making sense is long gone!
It is time to learn the lesson our politicians and role models have been teaching us all week.
Stupid is smart, war is peace, men do real work, women are a reward, wealth is entitled and higher taxes are for poor people.
Once we accept all these facts we can relax into a meaningless weekend.
Except for the women.
Bring me a beer, Martha!
I needed some nails and stuff so I went to my local Bunnings Store.
Porn for all DIYers.
Filled with goodies and apparent bargains and a Tradies dream.
I got there and my day was ruined.*
They were not open and they wouldn’t let me in.
I can’t imagine why!
Apparently everyone got out safely and no one was harmed. And it is still smoking. So there are plenty of Firies on hand.
But they wouldn’t let me in to buy some nails!
* So were the jobs of several hundred people which really IS sad.
So the USA does not have enough money, despite all its ‘monetary easing’, to upgrade its aging infrastructure. Yet good old Aussie Homie, Malcolm, knows just how to help out.
Meanwhile, back in the real world, every person putting their hard-earned money into their Super Fund begins to worry just a little. Their Super funds have been investing and growing their money, GFC’s excepting, at around 6-8% a year. That is what Super is supposed to do. Grow your savings into retirement. Not at the 2% Malcolm wants back from his mate, but at something better than bank interest.
That is why there are fund managers. so they can find the best places to invest YOUR money. It isn’t Malcolm’s to throw around, it is YOURS! If any fund manager was to invest the super fund he was managing into a 2% return he would be fired! Yet that is what our money-wise PM is about to force on to all our super funds.
At this stage, the proposal seems to be around 10% of the total fund being forced offshore into very low interest rate loans. Doesn’t seem very much, does it? It will only affect the effective interest rate for the entire pool by about a single percent. Not very much until you factor in the compounding interest lost. Because it is the compound interest which make Super so affordable and attractive. When you retire you have a good sized nest-egg. Have you seen those ‘Industry Super Advertisements’? The ones which begin, ‘Same age, same income’? Those poor people who haven’t switched? Guess what! That will be all of us if Malcolm gets his way.
Or could this just be the natural outcome of the IPA’s plan to force Industry (Union) Super Funds to have outside (IPA or Liberal) directors on their boards of management?
How will the funds to be given away be chosen?
By lot? ‘Sorry, your fund will be earning 2% for the next 30 years.’
By Government decree? ‘All your funds belong to us!’
So that is a one percent loss, compounding, for all future retirees. At the moment. What happens next year, or the year after? When Good Old Donny needs another handout? Another 10% of the Super fund? When will it stop? Will it ever stop?
All our super will be affected, all of us will have less in retirement thanks to this misguided gesture of incompetent generosity.
ISIS is winning.
Just as they are losing the battles on the ground they are about to win the battles of the minds.
We pesky Westerners have been free-thinking, free-speaking and free-voting people for two or three centuries. ISIS represents a re-evolved world-view where religious correctness supersedes political freedom eerily reminiscent of the Catholic Inquisition of the Middle Ages.
By playing on our supposed fears, by using random terror attacks, they have given our political leaders the freedom to curtail all our freedoms and impose a political and security regime which matches the wishes of those leading ISIS. Hate speech is also to be banned.
Therese May, Donald Trump and now Malcolm Turnbull are all promoting a scheme which will see Social Media, in all its forms, responsible for removing any content which relates to terrorists and their actions. Good! I hear you say. Terrorists should not be able to plan their attacks on the internet. Maybe not, but we should be aware of the unintended consequences.
Our leaders are calling for greater regulation and transparency on the internet. This is code for opening sites like Tor to Government inspection. Algorithms will be developed and the privacy of terrorists will be compromised. To find those terrorists, ALL the internet will need to be open to inspection. That includes all our internet dealings. Those passwords we use to do our banking, Our private dealings on the internet. All our opinions as expressed on the internet. And while we may not plan a terrorist attack, how long will it be before hate speech is re-defined to suit those in power?
That may all be good because we will eventually overcome the terror threat. Yet what is the definition of a terror threat? What is the definition of hate speech? That can be widened at some time in the future, possibly the near future, to include overthrowing an unpopular Government. Campaigning against a sitting Government. Legally overthrowing a Government. At the ballot box. Anyone campaigning against their previously elected Government could be accused of a form of terrorism or of hate speech. Leaders of Nations do not like losing their power.
That is where this move to regulate the internet and open it to Government inspection will inevitably lead. The algorithm will be tweaked to include this movement and then that movement and then the other movement. It is the creation of the algorithm in the first place which will set all this in motion.
Satirists, commentators, meme-makers, cartoonists will all be in the firing line, regardless of their political affiliations. Freedom will be lost. And those in charge of ISIS will cheer because they will have won.
Even then there is yet another inevitable danger. Every Government collection of the data of our lives has been hacked by criminals. Normally after they have gained access to secret Governmental data-mining programs. How much of the data collected from the soon to be ‘transparent’ internet will remain in Government hands?
How soon will that transparency be in the hands of those who wish us ill?