Tag: billions

Sinking Billions: Revolving Doors

Previously, in Part One of ‘Sinking Billions’
‘Undergunned and Overpriced’ – Missing records, billions in over-runs, and flawed ships – how the Australian Defence Department’s new Frigates project is a boondoggle for a British weapons-maker.

Declassified Australia is highlighting by this series of articles the extensive influence of industry insiders within government, the lack of transparency, and the absence of effective governance.

In the second part of her coverage of the Australian Defence Department’s new Frigates project, Michelle Fahy says it is a jobs merry-go-round for former military officers, bureaucrats and weapons makers.

Source: Sinking Billions: Revolving Doors

Facebook-National Times-Dominion lawsuit Tom Boggioni, Raw Story

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Dominion is “also seeking punitive damages, which are not capped under New York state law and could also be in the billions of dollars.

Fox News faces potential ‘financial death penalty’ due to Dominion lawsuit

Source:

We pay billions to subsidise Australia’s fossil fuel industry. This makes absolutely no economic sense

Fossil fuel subsidies from major economies including Australia reached close to US$700 billion in 2021, almost doubling from 2020, according to new analysis by the International Energy Agency and OECD.

Source: We pay billions to subsidise Australia’s fossil fuel industry. This makes absolutely no economic sense

Michael Pascoe: The opportunity cost of the Pork Party – ‘tens of billions’

Michael Pascoe

The billions splurged on the form of appropriation euphemistically called “pork barrelling” makes headlines. What we don’t generally see is the disheartening flipside – the “opportunity cost” of needs unmet because of politicians’ preferences.

Source: Michael Pascoe: The opportunity cost of the Pork Party – ‘tens of billions’

Foreign war lobby gets a billion for missiles, media fawns – Michael West

ASPI, the Australian Security Policy InstituteSource: Foreign war lobby gets a billion for missiles, media fawns – Michael West

Tax-free billions: Australia’s largest companies haven’t paid corporate tax in 10 years – ABC News (Australian Broadcasting Corporation)

Close-up of a car figurine on a Monopoly board, landing on the "Super tax" square.

via Tax-free billions: Australia’s largest companies haven’t paid corporate tax in 10 years – ABC News (Australian Broadcasting Corporation)

Juan Cole: The Bush Administration Spent Billions on an Iraqi Army With 50,000 ‘Ghost’ Soldiers – Juan Cole – Truthdig

Juan Cole: The Bush Administration Spent Billions on an Iraqi Army With 50,000 ‘Ghost’ Soldiers – Juan Cole – Truthdig.