Tag: Value

Australia’s nuclear submarine deal fundamentally changes our relationship with the world – ABC News

Scott Morrison and Emmanuel Macron bump elbows at a press conference.

Guess who was wearing a mask

With Australia under pressure from China, the French President declared: “You are at the forefront of the tensions that exist in the region, of the threats, and sometimes of the intimidation. I want to reiterate here how much we stand by your side.” “We are good friends, we are good partners”, Morrison told Macron later in remarks over an official dinner. “We share common goals and we share common values and that’s why our partnership with liberty and affinity I think is one that we’ll be able to progress further this evening.” ‘It’s a stab in the back’ What the PM didn’t mention was that he had just held talks in Cornwall with US President Joe Biden and UK PM Boris Johnson about a proposal for a tripartite alliance, the most spectacular immediate element of which would be dumping the $90 billion plan underway to build French submarines in Australia in favour of some (yet to be worked out) plan to build American (or British) ones (for some unspecified amount of money). In fact, nobody bothered mentioning this rather significant change of heart to the French until hours before the announcement was made jointly, with much pomp early on Thursday morning Australian time, with Morris

Source: Australia’s nuclear submarine deal fundamentally changes our relationship with the world – ABC News

From character to competence, ‘Scotty from Marketing’ is in a world of pain

Prime Minister Scott Morrison is seen wearing a face mask during a press conference at Kirribilli House on July 16, 2021 in Sydney

The competence a politician has and displays is the Bitcoin of the modern business. If you’re competent enough and present as such, with the typical confidence high-achieving pols have in abundance, your selling price is on the escalator. Just like the roller coaster ride Bitcoin traders know so well, when a political leader falters in competence and starts looking to be out of his or her depth your value takes a dive. Right now Scott Morrison is like Bitcoin. He spent 2020 on the rise – hitting unprecedented highs over time – but then slumped in the early months of 2021.

Source: From character to competence, ‘Scotty from Marketing’ is in a world of pain

Veteran investor Jim Rogers says next bear market will be ‘the worst in our lifetime’

American businessman Jim Rogers has a bearish outlook for global markets.

The veteran investor says that’s because even more debt has accumulated in the global economy since the financial crisis, especially in the US.

via Veteran investor Jim Rogers says next bear market will be ‘the worst in our lifetime’

War, What Is It Good For? Absolutely Nothing. | Common Dreams | Breaking News Views for the Progressive Community

It may be hard to believe now, but in 1970 the protest song “War,” sung by Edwin Starr, hit number one on the Billboard Hot 100 chart. That was at the height of the Vietnam antiwar movement and the song, written by Norman Whitfield and Barrett Strong, became something of a sensation.  Even so many years later, who could forget its famed chorus?

Source: War, What Is It Good For? Absolutely Nothing. | Common Dreams | Breaking News & Views for the Progressive Community

Over 84% of Australians believe that the national broadcaster AAA not just ABC . How do you rate Andrew Bolt? Vulgarian

If you only read The Australian, or any Murdoch media  listen to the views of some politicians,  or 2GB you would think that the ABC is struggling to provide fair coverage of events, is biased in its politics and its science, and that it is wasting tax-payers’ dollars. Have you noticed that journalists critical of the ABC Andrew Bolt for one have started to call it “the taxpayer-funded ABC with it’s leftist bias.

Well Andrew Bolt, what do taxpayers actually think about “their ABC”? Over 84% of Australians believe that the national broadcaster provides a valuable service to the community. Moreover,  84% believe that its reporting is accurate and fair; 80% think that it does a good job on country and regional issues and 78% that ABC TV is of high quality. Does Newscorp rate nearly as well?

How much does it cost and what do we get for that? It is interesting to compare the ABC budgets from almost 30 years ago to now  in terms of real funding.

In 1986, with $906.3M the ABC employed 6092 fulltime equivalent staff, had one analog television channel, 38 radio sites, Radio National and ABC Classic FM with  90% coverage, and 2JJ, as it was known then, servicing  only  Sydney.

Last financial year, with $825.7 million, the ABC had 4,679 staff  with four major digital TV channels (ABC1, ABC2/ABC4Kids, ABC3 and ABC News 24) and an incredibly successful online catch-up service.  The average audience reach varies from nearly 10 million for ABC1 to just over 3 million for ABC3, with an astonishing 20 million plays a month for iView.  There are 60 local radio sites, nationwide RN, Triple J and Classic FM, plus ABC podcasts  downloaded 71 million times.  ABC online has 19.5 million visits per month and there are now over 25 smart phone and tablet apps.

News corp couldn’t begin to dream of that value for money. Any wonder you would love to see it privatised. Murdoch would snap it up in a second and proceed to tarnish it beyond recognition.

What about quality? The Board receives regular data on how citizens value ABC content and we continue to be impressed by these reviews. As a scientist, I believe there is ample evidence to support the conclusion that the ABC is fulfilling its charter to help Australians to participate more fully as  informed citizens in a democracy. The ABC is crucial because  we are poorly served by other parts of the media. Too often, problems become politicised, the science is discarded and rational debate and decision-making go out the window.

 For instance the ABC’s reporting accurately reflects the science on coal and CSG and the lower environmental impact of renewable, (particularly with regard to the emission of greenhouse gas. The requirement for ‘balance’ does not mean that bad science should be reported with the same emphasis as good science.

We are now in a situation where a major commercial news organisation Newscorp is denigrating the ABC with a vicious, sustained campaign which is extremely damaging to our public broadcaster and to the nation.  The ABC has already had to make compromises:  the Government has cut the Australia Network so the Charter obligation to broadcast news and entertainment to countries outside Australia has to be fulfilled by making cuts elsewhere. We have lost some of our top journalists in this process. Further cuts have been announced and these are just the beginning. Tony Abbott talks National Security but has handed Pacific Nation Broadcasting to China on a platter. Newscorp attacks the ABC for being left bias what then is China Mr Bolt.

Australians must realise what implications there are for the nation’s capacity to be a well-informed and therefore a competent country and it’s not by reading,listening or watching The Bolt Report or Bolt Blog that’s for certain.