Tag: Michal West Media

Climate for ‘great reallocation’: Deloitte – Michael West

A “great reallocation” of spending is needed to achieve a net-zero economy by 2050, modelling by Deloitte Access Economics shows.Some $20 trillion in forecast investments by Australian governments and industry by 2050 needs to be spent differently to get to net-zero greenhouse gas emissions, according to a report released on Thursday.But it is a transformation that Australia can afford, the research commissioned by the National Australia Bank shows.

Climate for ‘great reallocation’: Deloitte – Michael West

They’re not shivering in Honkers: Australians’ electricity pain is two billionaires’ gain – Michael West


Overseas transfers

Last year, $322 million, compared to just over $1 billion the year before, was transferred overseas before being taxed in the form of transfers to related companies, while another half-billion was siphoned off in recharges to unspecified associates. 

There is simply not enough disclosure about where the money is going or why, but the activities of EnergyAustralia on the tax front have not escaped the attention of the Tax Office. The group disclosed that the ATO had been investigating its affairs.

One of EnergyAustraia’s Mount Piper generators in NSW came online on Tuesday morning, but too late according to a release filed in Hong Kong which said that the company is out billions in potential profit from electricity forward contracts. The company was forced to purchase expensive electricity from the market after having troubles with both its Mount Piper and Yallourn power stations in Victoria.

The company said the overall increase in energy prices will yield higher returns in the long run, so long as it can keep its coal and gas power stations in operation and “purchase fuel as required, generate and dispatch electricity at the higher prices”.

As Australians pay the price for decades of poor energy planning two Hong Kong billionaires Michael Kadoorie and Li Ka-Shing are cleaning up.

Source: They’re not shivering in Honkers: Australians’ electricity pain is two billionaires’ gain – Michael West

Australia must lift game to be competitive – Michael West

Morrison and Frydenberg were electioneering and telling us we have recovered and are now the best nation on the planet. We’re not! We don’t manufacture anymore. Not even our own cars since Abbott closed the industry down. Morrison wants us to be a top 10 “arms” manufacturer and the world’s biggest fossil fuel exporter. Mining took us up those 3 notches to 19th. All of which is at a cost that spells the death of the planet and the environment. Maybe Australia needs to lift its game and become less competitive in terms of old standards and find new ones to judge itself on.

We are a resource-rich nation like no other of sun, wind, and oceans and have the potential to be less destructive of our flora fauna land, and the planet on which we rely. We need to become a 23rd-century Indigenous nation.

Frydenbergs “great Fundamentals

Australia’s strong trade performance and pandemic recovery has elevated the nation’s international competitiveness by three spots to 19th in a global survey of 63 countries.

This came after Australia fell to its lowest ranking in 25 years in 2021, the Institute for Management Development World Competitiveness Yearbook showed on Tuesday.

However, the Committee for Economic Development of Australia think tank has warned Australia’s future competitiveness is not assured without lifting its game in a number of areas.

This includes technology, energy, skills and training, entrepreneurship, tax and productivity.

Australia’s worst ranking was in the entrepreneurship category, standing at 61 out of the 63 countries, while workplace productivity tumbled from 20 to 41.

Source: Australia must lift game to be competitive – Michael West

Crown v Shannon: bigwigs off the hook, small fish fried – Michael West Media

ASIC, Crown Resorts

This isn’t splashed across the front pages of our MSM why? It certainly however indicates their right-wing, top-down propaganda bias. Morrison’s promised ICAC has been discarded and a stained promise remains. Australia’s international corruption index has blown out and the pigs are ripping the guts out of everything that remains. Super and wage theft have been gouged, while workers and their families have lost billions. $8 companies were given contracts that now values them at $340M. Mates have jobs doing sweet FA and earn $600K and grants well we saw the grants they came and went in some cases like Bridget McKenzie.

Nine years ago we were voted best economy on the planet and our Treasurer then voted the world’s best and we had just faced the GFC and won governed by the Gillard ALP. Bills were passedbut then along came 9 years of listening to “nope nope nope” of LNP government with Frydenberg still telling us we are the worlds best economy when the world says we are not.

Our privately owned MSM Murdoch the largest is proving to be the Australian equivalent of Russian State Media a propaganda machine loved by Putin. It might well be criticizing Scott Morrison but it sure as hell isn’t criticizing the L-NP for dragging this country down economically or reputationally on every social metric. They are after all the worlds best promisers who do nothing and when and if they do it’s so late its a useless token gesture. Yes Morrison promises to make the NBN the best in the world and liberate Christians from discrimination. What criticism there is in our MSM, is minimal and isn’t calling for a necessary change of government. Quite the opposite in fact, they are still branded the best economic managers by corporate Australia while government debt blew out to almost $1Tr and filled the pockets of their donors. The truth is staring us in the face. Are we better off under a Morrison/LNP than we were under a Gillard lead ALP?  Is our material Economy, Health, Education, Wealth, Housing and Welfare better? Have Corruption, Broken Promises, Discrimination, Racism, and Climate action improved? Let’s be the honest judges and not simply accept the word of the worlds worst salesman!

One guy prosecuted for allegedly running a company while bankrupt, ten Crown directors off scot free for washing $70bn through casinos for Chinese Triads, drug and sex traffickers and other assorted criminals. One rule for rich and powerful, another for the rest. Michael West reports on the world of deluxe double standards.

Source: Crown v Shannon: bigwigs off the hook, small fish fried – Michael West Media