Will ScoMo agenda for G20 include scrapping tax write offs for shonky loans to/from transnationals?
But imagine how much money they save us, as they pay our political parties, to privatise more and shrink the size of always inefficient government sector?
Assets previously owned by SECV, Gas and Fuel etc, Energy Australia paid $0 tax in last 4 years. Expect they’re generous enough in donations to help privatise government. Wasn’t democracy an interesting experiment?
Now that political donations are unlimited, as well as being anonymous, the 1% of 1% of population have bought themselves never ending tax reductions and exemptions. More importantly, with Supreme Court now swung to far right, latest news is that Washington can’t change State authority over gerrymandering electoral boundaries, which is why George W and so many others win, thanks to “college system”, when they don’t have more votes.
Forecast is 50% of population expected to live in 8 States, and 80% in 16 States. There might be proportional representation in Congress but 2 Senators for each State no matter how few folks still there. Least populated States are dominated by Republican. So democracy might get sensible bills through balanced lower house but ways get blocked at Senate. So look forward to more guns, wars, nukes etc.
Minister Angus Taylor – COALition scare campaign just too silly for words:
Looks like all care with just a tiny smidge of responsibility. But makes you wonder how much of rest of taxpayer $2.5Billion is propping up shonky deals.
Of the proposed pipeline of coal power projects in Japan in 2015, figures from the Global Coal Plant tracker show three-quarters are now unlikely to proceed.…If Australia doesn’t understand that, if we as the exporter fail to transition our economy, we leave entire communities absolutely stranded and the workforce is not going to be protected by multinationals.
As Earth warms under increasing greenhouse gas emissions, temperatures have risen more quickly in the Arctic than
rest of the world. But particles emitted as fossil fuels are burned mask a lot of that warming. Without them, the temperature rise in the Arctic would be more than double what we’ve seen in the past century, a new study finds.
They say that lightning never strikes twice. But on August 25 last year a single lightning strike managed to take out two major circuits on the main transmission line linking NSW and Queensland.
The impact was almost immediate, and felt across Australia’s main grid. It caused load-shedding at a scale that made the much-talked about load shedding in Victoria in January’s heat wave look comparatively small beer.
Norway’s Government Pension Fund Global (GPFG), the world’s largest sovereign wealth fund, has decided to “sell.”
They have announced plans to divest from 134 oil and gas exploration and production companies held in its US$1 trillion investment fund.
more at RenewEconomy