Thread: CoronaVirus ==> Empty Shelves

Originally Posted by doug3030

If you hadn't combed your hair so nicely you would probably look a lot scarier.

Thats what SWMBO said. Her term of endearment is, "local derro"

I'm thinking of hanging a gobby of green-goop from underneath. memories of a "Young Ones" episode who's name escapes me.

Originally Posted by Lappa

Leased the Darwin Port - not sold

For 99 years - as good as sold really.

Originally Posted by Beardy

Brett manufacturing was never going to survive in this country and both sides of politics have acknowledged that. Nobody is prepared to work for third world wages here

As it was then, yes I agree. We needed to go to the smarter end of it - I don't know exactly what that would be, but when countries like China and India are taking over laborious industry because of their cheap labour then it was time for us to look at and invest in much higher end industry. Mind you, as their lifestyles and conditions improve, cheap labour from China and India will come to an end and move to probably Africa in due course.

Originally Posted by FenceFurniture

As it was then, yes I agree. We needed to go to the smarter end of it - I don't know exactly what that would be, but when countries like China and India are taking over laborious industry because of their cheap labour then it was time for us to look at and invest in much higher end industry. Mind you, as their lifestyles and conditions improve, cheap labour from China and India will come to an end and move to probably Africa in due course.

Brett, can you also please supply source and author in support of what you said here too, in the interest of full disclosure? It's not a good look if you are not holding yourself to the same standard you are demanding from everyone else.

Originally Posted by doug3030

Brett, can you also please supply source and author in support of what you said here too, in the interest of full disclosure? It's not a good look if you are not holding yourself to the same standard you are demanding from everyone else.

I think we're all eagerly awaiting a reply to this question...

Sorry, missed the original message. Here it is:

"As it was then, yes I agree. We needed to go to the smarter end of it - I don't know exactly what that would be, but when countries like China and India are taking over laborious industry because of their cheap labour then it was time for us to look at and invest in much higher end industry. Mind you, as their lifestyles and conditions improve, cheap labour from China and India will come to an end and move to probably Africa in due course"

Originally Posted by FenceFurniture

For 99 years - as good as sold really.

.

True - but I thought facts were important.

Originally Posted by Lappa

True - but I thought facts were important.

Not as important as point scoring for some people, especially when such a minor difference in the terminology makes one description as good as the other, as you acknowledge.

Tccp123, apart from the first four words, is any of the rest of this your work, or is it an uncredited copy & paste, otherwise known as plagiarism?

Originally Posted by Tccp123

A bit of history...

This week economist John Quiggin lamented the fact that Kevin Rudd doesn’t get more credit for economic management, given the fact that Australia came through the global financial crisis in solid shape and has avoided a recession. This is a common source of puzzlement amongst some, but let me solve this apparent conundrum.
The first thing to note is that Rudd’s economic management did not, in fact, save Australia from the fate that befell other countries. European countries have not been in crisis because they did not have him at the helm; the US did not suffer an economic disaster because it wanted for a Wayne Swan when the crisis hit. Greece and other countries are not in economic catastrophe mode simply because they failed to send out $900 cheques to their citizens.
The simple fact is that all of these countries went into the disaster-zone in 2008 because when the global financial crisis hurricane hit, they had high government debt and high budget deficits, which made them extremely vulnerable to adverse shocks. Had any one of these countries’ governments faced the crisis with zero government debt and consistent budget surpluses, they would have been considered pillars of strength rather than sources of weakness. What those European countries wanted for, in other words, was Australian treasurer Peter Costello running their budgets in the long lead-up to 2008.
Australia hit the 2008 crisis in rude financial health: debt-free, growing strongly with significant assets and running surplus budgets. It is these robust foundations, along with very favourable terms of trade, which guaranteed that Australia would survive the crisis in very good shape.
Just prior to the crisis, reserve bank governor Glenn Stevens drew attention to the magnificent financial position built up over more than a decade by Costello, saying that “the capacity to respond, if need be, to developments in the future is virtually without peer.” Little did he know at the time, but three months later that position of economic strength would be tested in the most dramatic fashion.
The pre-existing strength of the Australian government’s finances were to prove a bulwark against the economic storm and investors, businesspeople, consumers and financial markets were greatly reassured by the strength of the Australian economy. On top of those firm foundations, each political party in Australia was in the wonderful position of being able to offer stimulus packages drawing on these sound finances. People will debate the merits of the respective stimulus packages, but with its strong terms of trade, Australia was foreordained to outperform other countries once the storm hit, and foreordained to receive accolades from the International Monetary Fund for doing so.
The most important lesson about the global financial crisis is not about what happened after it hit but in what happened in the lead-up, and this can be summarised simply: don’t put your country into a zone of financial vulnerability.
How did so many leaders allow their countries to drift into that zone? They tried to explain that rising debt levels were not unreasonable compared to other countries. When quizzed about growing budget deficits in the UK, for example, chancellor of the exchequer Gordon Brown would always point out that Britain’s government debt and deficit levels were reasonable when one looked at other comparable countries. “Net debt is now 47% of national income in France, 47% in America, in Germany 62%, in Japan 83% and in Italy over 100% – but this year in Britain 36.4%,” Brown said in 2006 as he revealed yet another gradual economic deterioration.
Of course, Brown’s reassuring words masked a position of disastrous weakness, and this weakness only became evident when the crisis sent the British economy into a tailspin from which it has still not recovered.
The next time you hear mollifying words from Rudd that our rising debt levels are at reasonable levels compared to other countries, think about how Britons were lulled into the financial danger zone and ask yourself: are we on the same trajectory?

Originally Posted by FenceFurniture

Tccp123, apart from the first four words, is any of the rest of this your work, or is it an uncredited copy & paste, otherwise known as plagiarism?

Brett, are any of your statements without author and source any different from Tccp123's post. We are still waiting for you to respond to my request to provide source and author for two of your posts. Maybe you could do that before you start tipping $h!t over anyone else.

Originally Posted by doug3030

Brett, are any of your statements without author and source any different from Tccp123's post. We are still waiting for you to respond to my request to provide source and author for two of your posts. Maybe you could do that before you start tipping $h!t over anyone else.

???

Originally Posted by Tccp123

???

This pretty simple really, and your post was a while ago - before I put up a couple of posts that apparently doug3030 is calling in to question, demanding answers through a somewhat absurd tag-team.

It seems like you're avoiding answering: is your post #798 plagiarised or not?

I am not avoiding answering your posts, but quoting doug3030 doesn't account for an original post of yours. So you go first, and I can consider any original questions you might have.

Originally Posted by FenceFurniture

I am not avoiding answering your posts, but quoting doug3030 doesn't account for an original post of yours. So you go first, and I can consider any original questions you might have.

I strongly suggest that nobody responds to this thread until FenceFurniture answers the questions put to him and holds himself to the same standard he is demanding of everyone else. If he expects everyone else to provide source and author for their posts let's not take the discussion any further until he does so too. Lets make this a level playing field.

Spain is really getting hammered with 1601 deaths in two days (769 and 832).
I'm somewhat concerned about my best friend who lives on the outskirts of Barcelona. (source of info - second sentence only - me! )

Originally Posted by doug3030

I strongly suggest that nobody responds to this thread until FenceFurniture answers the questions put to him and holds himself to the same standard he is demanding of everyone else. If he expects everyone else to provide source and author for their posts let's not take the discussion any further until he does so too. Lets make this a level playing field.

No responses please until Brett complies with the standards he is demanding of everyone else.

Maybe this thread ought to be closed as it is degenerating into just a verbal stouch.