Australian Politics Forum - It's the REAL Economy, Stupid

perceptions_now

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Re: It's the REAL Economy, Stupid
Reply #30 - Feb 23^rd, 2013 at 10:50am

Retail, business power prices to soar

Consumers and business face the prospect of a new wave of power and
gas price increases driven by shortages of natural gas
.

The average Queensland household may be hit with an electricity price increase of 21.4 per cent next financial year following the lifting of a one-year price freeze instituted by the new Liberal National Party government.

The NSW energy regulator is expected in May to decide to jack up electricity prices in the state.

Gas producers expect wholesale gas prices in eastern Australia will rise from the historical average of about $3.50 a gigajoule to as high as $9 when LNG plants start operating in Gladstone in Queensland, a move which will incorporate eastern Australia into the global gas market.

Three big LNG projects, worth about $60 billion, will come on line in the next two years. All of their gas will be sold overseas through long-term contracts, mostly to Asian countries for use in power generation. Gas has to be liquefied for transport across oceans.

Link -
http://www.afr.com/p/national/retail_business_power_prices_to_hxTOyltdZNB18GAP4S...
================================
No matter what any Politician (Labor or Liberal - State or Federal) says, Power Prices are set to increase dramatically, particularly in the medium to longer term.

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perceptions_now

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Re: It's the REAL Economy, Stupid
Reply #31 - Feb 24^th, 2013 at 4:53pm

I repost this here, because it is relevant.

perceptions_now wrote on Feb 24^th, 2013 at 4:39pm:

Btw, you MAY be interested in the table on the following website, which lists the Deficits/Surpluses for a number of countries. Most countries show Deficits, BUT Norway is a glaring example, where Surpluses are ingained into Politics.
http://www.oecd-ilibrary.org/economics/government-deficit_gov-dfct-table-en

The chart at the following site also shows ups & downs, BUT in Norway they have always showed a Surplus since 2000, no matter whether the Right or Left of Politics is in government!
http://www.tradingeconomics.com/norway/government-budget
FYI the Left have been in power since 2005 and their lowest surplus was 9.7%, with their hightest being 19.7%.
Prior to that the Right had something similar, with their lowest surplus being 7.3% and their highest being 15.7%.

Finally, the following website gives a run down on Norway.
http://en.wikipedia.org/wiki/Norway

The Economy & Resources areas make for some "interesting viewing -
Norwegians enjoy the second highest GDP per-capita and fourth highest GDP (PPP) per-capita in the world. Today, Norway ranks as the second wealthiest country in the world in monetary value, with the largest capital reserve per capita of any nation.

The Norwegian economy is an example of a mixed economy, a prosperous capitalist welfare state featuring a combination of free market activity and large state ownership in certain key sectors. The Norwegian welfare state makes public health care free (above a certain level), and parents have 46 weeks paid parental leave.

As of March 2011, the Government Pension Fund of Norway controlled assets valued at is approximately US$570 billion which is about 140% of Norway's current GDP.

Norway has a very low unemployment rate, currently 2.6%. 30% of the labour force are employed by the government, the highest in the OECD. The hourly productivity levels, as well as average hourly wages in Norway are among the highest in the world.

The state has large ownership positions in key industrial sectors, such as the strategic petroleum sector (Statoil and Aker Solutions), hydroelectric energy production (Statkraft), aluminium production (Norsk Hydro), the largest Norwegian bank (DnB NOR), and telecommunication provider (Telenor).

Now, whilst there are certainly differences between Norway & Australia, Norway does demostrate that Left wing Politicians can do a good job, just as can the Right wing Politicians. And, in Norway, they have both shown they can work together, for the betterment of the entire Public, WHICH IS NOT SOMETHING THAT ANY OF OUR OZ POLITICIANS CAN REASONABLY CLAIM!
Btw, if the OZ Future Fund was doing as well as the Norway Fund, THEN WE WOULD HAVE AROUND $2 TRILLION, NOT $60 BILLION.

Of course, at the other end of the spectrum the USA has around $200 Trillion in "unfunded Liabities" related to their Aging Population.

It will be interesting to see how Norway fares, with the Baby Boomer Retirement constriction now moving in and they already have only a 2.6% Unemployment rate, it will shortly start to get very restrictive in the "skilled Labour" area AND some tough decisions LOOM!

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Maqqa Gold Member Offline 14% - that low?! Posts: 16000	Re: It's the REAL Economy, Stupid Reply #32 - Feb 24^th, 2013 at 5:04pm Geography - Norway area is 385 252 km2 and Australia area is 7,692,024 km2 Lets start with that difference
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perceptions_now

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Re: It's the REAL Economy, Stupid
Reply #33 - Feb 24^th, 2013 at 5:46pm

Maqqa wrote on Feb 24^th, 2013 at 5:04pm:

Geography - Norway area is 385 252 km2 and Australia area is 7,692,024 km2

Lets start with that difference

I think I already said -
there are certainly differences between Norway & Australia

BUT, I also said -
Norway does demostrate that Left wing Politicians can do a good job, just as can the Right wing Politicians. And, in Norway, they have both shown they can work together, for the betterment of the entire Public

And, I also said -
1) WHICH IS NOT SOMETHING THAT ANY OF OUR OZ POLITICIANS CAN REASONABLY CLAIM!
2) if the OZ Future Fund was doing as well as the Norway Fund, THEN WE WOULD HAVE AROUND $2 TRILLION, NOT $60 BILLION.

Finally, in the other thread, where you elected not to respond, I also said -
Unlike your attempts at SPIN, to direct opinion in one direction (the Liberals), I am only interested in Facts & likely directions, arising from facts!

Based on those facts & likely directions, I have already said previously, on many occasions, that the Liberals will win the next election.

So, I have agreed that voters have switched off Labor!

As for the rest of your post, I'll take it as an admission that you did not respond already to the information I raised, as you previously claimed!

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Maqqa

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Re: It's the REAL Economy, Stupid
Reply #34 - Feb 24^th, 2013 at 6:07pm

perceptions_now wrote on Feb 24^th, 2013 at 5:46pm:

Maqqa wrote on Feb 24^th, 2013 at 5:04pm:

Geography - Norway area is 385 252 km2 and Australia area is 7,692,024 km2

Lets start with that difference

I think I already said -
there are certainly differences between Norway & Australia

BUT, I also said -
Norway does demostrate that Left wing Politicians can do a good job, just as can the Right wing Politicians. And, in Norway, they have both shown they can work together, for the betterment of the entire Public

And, I also said -
1) WHICH IS NOT SOMETHING THAT ANY OF OUR OZ POLITICIANS CAN REASONABLY CLAIM!
2) if the OZ Future Fund was doing as well as the Norway Fund, THEN WE WOULD HAVE AROUND $2 TRILLION, NOT $60 BILLION.

Finally, in the other thread, where you elected not to respond, I also said -
Unlike your attempts at SPIN, to direct opinion in one direction (the Liberals), I am only interested in Facts & likely directions, arising from facts!

Based on those facts & likely directions, I have already said previously, on many occasions, that the Liberals will win the next election.

So, I have agreed that voters have switched off Labor!

As for the rest of your post, I'll take it as an admission that you did not respond already to the information I raised, as you previously claimed!

Go back and read about the Future Fund before making a comment

What you deem as "certain differences" suggests that they are minor differences

If at this level you don't understand its significance then how do you hope to discuss macroeconomic issues?

As for the left and right government - it goes back to geography as well as attitude

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Bill 14% is not the alcohol content of that wine. It's your poll number

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adelcrow

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Re: It's the REAL Economy, Stupid
Reply #35 - Feb 24^th, 2013 at 6:12pm

Maqqa wrote on Feb 24^th, 2013 at 6:07pm:

perceptions_now wrote on Feb 24^th, 2013 at 5:46pm:

Maqqa wrote on Feb 24^th, 2013 at 5:04pm:

Geography - Norway area is 385 252 km2 and Australia area is 7,692,024 km2

Lets start with that difference

I think I already said -
there are certainly differences between Norway & Australia

BUT, I also said -
Norway does demostrate that Left wing Politicians can do a good job, just as can the Right wing Politicians. And, in Norway, they have both shown they can work together, for the betterment of the entire Public

And, I also said -
1) WHICH IS NOT SOMETHING THAT ANY OF OUR OZ POLITICIANS CAN REASONABLY CLAIM!
2) if the OZ Future Fund was doing as well as the Norway Fund, THEN WE WOULD HAVE AROUND $2 TRILLION, NOT $60 BILLION.

Finally, in the other thread, where you elected not to respond, I also said -
Unlike your attempts at SPIN, to direct opinion in one direction (the Liberals), I am only interested in Facts & likely directions, arising from facts!

Based on those facts & likely directions, I have already said previously, on many occasions, that the Liberals will win the next election.

So, I have agreed that voters have switched off Labor!

As for the rest of your post, I'll take it as an admission that you did not respond already to the information I raised, as you previously claimed!

Go back and read about the Future Fund before making a comment

What you deem as "certain differences" suggests that they are minor differences

If at this level you don't understand its significance then how do you hope to discuss macroeconomic issues?

As for the left and right government - it goes back to geography as well as attitude

The future fund is there purely to ensure that federal pollies and public servants can retire early on big fat taxpayer funded superannuation packages.
In short..the future fund is one big scam.
Pollies and public servants should have no more than the same employer funded super as every other Australian worker and like all other super the final figure should not be guaranteed or indexed.

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Go the Bunnies

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Maqqa

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Re: It's the REAL Economy, Stupid
Reply #36 - Feb 24^th, 2013 at 6:16pm

adelcrow wrote on Feb 24^th, 2013 at 6:12pm:

The future fund is there purely to ensure that federal pollies and public servants can retire early on big fat taxpayer funded superannuation packages.
In short..the future fund is one big scam.
Pollies and public servants should have no more than the same employer funded super as every other Australian worker and like all other super the final figure should not be guaranteed or indexed.

You can thank Keating for this debacle

He made unfunded Superannuation promises that he can't keep

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Bill 14% is not the alcohol content of that wine. It's your poll number

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perceptions_now

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Re: It's the REAL Economy, Stupid
Reply #37 - Feb 24^th, 2013 at 10:42pm

Maqqa wrote on Feb 24^th, 2013 at 6:07pm:

perceptions_now wrote on Feb 24^th, 2013 at 5:46pm:

Maqqa wrote on Feb 24^th, 2013 at 5:04pm:

Geography - Norway area is 385 252 km2 and Australia area is 7,692,024 km2

Lets start with that difference

I think I already said -
there are certainly differences between Norway & Australia

BUT, I also said -
Norway does demostrate that Left wing Politicians can do a good job, just as can the Right wing Politicians. And, in Norway, they have both shown they can work together, for the betterment of the entire Public

And, I also said -
1) WHICH IS NOT SOMETHING THAT ANY OF OUR OZ POLITICIANS CAN REASONABLY CLAIM!
2) if the OZ Future Fund was doing as well as the Norway Fund, THEN WE WOULD HAVE AROUND $2 TRILLION, NOT $60 BILLION.

Finally, in the other thread, where you elected not to respond, I also said -
Unlike your attempts at SPIN, to direct opinion in one direction (the Liberals), I am only interested in Facts & likely directions, arising from facts!

Based on those facts & likely directions, I have already said previously, on many occasions, that the Liberals will win the next election.

So, I have agreed that voters have switched off Labor!

As for the rest of your post, I'll take it as an admission that you did not respond already to the information I raised, as you previously claimed!

Go back and read about the Future Fund before making a comment

What you deem as "certain differences" suggests that they are minor differences

If at this level you don't understand its significance then how do you hope to discuss macroeconomic issues?

As for the left and right government - it goes back to geography as well as attitude

If you wish to make a comment about the OZ Future Fund, in addition to the fact that it should be bigger, then please do so!

As for our Politicians, it is all about attitude or more to the point, a lack of proper attitude, to to the correct thing by all Australians, for the longer term!

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perceptions_now

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Re: It's the REAL Economy, Stupid
Reply #38 - Feb 24^th, 2013 at 10:46pm

Maqqa wrote on Feb 24^th, 2013 at 6:16pm:

adelcrow wrote on Feb 24^th, 2013 at 6:12pm:

The future fund is there purely to ensure that federal pollies and public servants can retire early on big fat taxpayer funded superannuation packages.
In short..the future fund is one big scam.
Pollies and public servants should have no more than the same employer funded super as every other Australian worker and like all other super the final figure should not be guaranteed or indexed.

You can thank Keating for this debacle

He made unfunded Superannuation promises that he can't keep

Both Liberal & Labor, can be thanked for the debacle, BUT Keating did at least introduce the Super Guarantee, which made a start, although it was enough & the Liberals certainly made sure it didn't get high enough, by squash subsequent rises in the super guarantee!

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Maqqa

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Re: It's the REAL Economy, Stupid
Reply #39 - Feb 24^th, 2013 at 10:56pm

perceptions_now wrote on Feb 24^th, 2013 at 10:42pm:

If you wish to make a comment about the OZ Future Fund, in addition to the fact that it should be bigger, then please do so!

As for our Politicians, it is all about attitude or more to the point, a lack of proper attitude, to to the correct thing by all Australians, for the longer term!

You've intertwined the OZ fund with the Norwegian Fund in terms of management - so understand the difference between the two funds before making a comment

The hint is it's in the article you posted

I have said to you before just because you can search it on Google does not mean you have the capacity of understanding what it says

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Bill 14% is not the alcohol content of that wine. It's your poll number

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Maqqa

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Re: It's the REAL Economy, Stupid
Reply #40 - Feb 24^th, 2013 at 10:57pm

perceptions_now wrote on Feb 24^th, 2013 at 10:46pm:

Maqqa wrote on Feb 24^th, 2013 at 6:16pm:

adelcrow wrote on Feb 24^th, 2013 at 6:12pm:

The future fund is there purely to ensure that federal pollies and public servants can retire early on big fat taxpayer funded superannuation packages.
In short..the future fund is one big scam.
Pollies and public servants should have no more than the same employer funded super as every other Australian worker and like all other super the final figure should not be guaranteed or indexed.

You can thank Keating for this debacle

He made unfunded Superannuation promises that he can't keep

Both Liberal & Labor, can be thanked for the debacle, BUT Keating did at least introduce the Super Guarantee, which made a start, although it was enough & the Liberals certainly made sure it didn't get high enough, by squash subsequent rises in the super guarantee!

both the LIBs and ALP??!! Grin

Once again you have no understanding of the underlining Superannuation concept that the Future Fund is underwriting Grin

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Bill 14% is not the alcohol content of that wine. It's your poll number

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perceptions_now

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Re: It's the REAL Economy, Stupid
Reply #41 - Feb 24^th, 2013 at 11:07pm

Maqqa wrote on Feb 24^th, 2013 at 10:57pm:

perceptions_now wrote on Feb 24^th, 2013 at 10:46pm:

Maqqa wrote on Feb 24^th, 2013 at 6:16pm:

adelcrow wrote on Feb 24^th, 2013 at 6:12pm:

The future fund is there purely to ensure that federal pollies and public servants can retire early on big fat taxpayer funded superannuation packages.
In short..the future fund is one big scam.
Pollies and public servants should have no more than the same employer funded super as every other Australian worker and like all other super the final figure should not be guaranteed or indexed.

You can thank Keating for this debacle

He made unfunded Superannuation promises that he can't keep

Both Liberal & Labor, can be thanked for the debacle, BUT Keating did at least introduce the Super Guarantee, which made a start, although it was enough & the Liberals certainly made sure it didn't get high enough, by squash subsequent rises in the super guarantee!

both the LIBs and ALP??!! Grin

Once again you have no understanding of the underlining Superannuation concept that the Future Fund is underwriting Grin

As I said previously, enlighten us?

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perceptions_now

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Re: It's the REAL Economy, Stupid
Reply #42 - Feb 24^th, 2013 at 11:10pm

Maqqa wrote on Feb 24^th, 2013 at 10:57pm:

perceptions_now wrote on Feb 24^th, 2013 at 10:46pm:

Maqqa wrote on Feb 24^th, 2013 at 6:16pm:

adelcrow wrote on Feb 24^th, 2013 at 6:12pm:

The future fund is there purely to ensure that federal pollies and public servants can retire early on big fat taxpayer funded superannuation packages.
In short..the future fund is one big scam.
Pollies and public servants should have no more than the same employer funded super as every other Australian worker and like all other super the final figure should not be guaranteed or indexed.

You can thank Keating for this debacle

He made unfunded Superannuation promises that he can't keep

Both Liberal & Labor, can be thanked for the debacle, BUT Keating did at least introduce the Super Guarantee, which made a start, although it was enough & the Liberals certainly made sure it didn't get high enough, by squash subsequent rises in the super guarantee!

both the LIBs and ALP??!! Grin

Once again you have no understanding of the underlining Superannuation concept that the Future Fund is underwriting Grin

As I said previously, enlighten us?

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Maqqa

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14% - that low?!

Posts: 16000

Re: It's the REAL Economy, Stupid
Reply #43 - Feb 24^th, 2013 at 11:16pm

perceptions_now wrote on Feb 24^th, 2013 at 11:10pm:

Maqqa wrote on Feb 24^th, 2013 at 10:57pm:

perceptions_now wrote on Feb 24^th, 2013 at 10:46pm:

Maqqa wrote on Feb 24^th, 2013 at 6:16pm:

adelcrow wrote on Feb 24^th, 2013 at 6:12pm:

The future fund is there purely to ensure that federal pollies and public servants can retire early on big fat taxpayer funded superannuation packages.
In short..the future fund is one big scam.
Pollies and public servants should have no more than the same employer funded super as every other Australian worker and like all other super the final figure should not be guaranteed or indexed.

You can thank Keating for this debacle

He made unfunded Superannuation promises that he can't keep

Both Liberal & Labor, can be thanked for the debacle, BUT Keating did at least introduce the Super Guarantee, which made a start, although it was enough & the Liberals certainly made sure it didn't get high enough, by squash subsequent rises in the super guarantee!

both the LIBs and ALP??!! Grin

Once again you have no understanding of the underlining Superannuation concept that the Future Fund is underwriting Grin

As I said previously, enlighten us?

so you don't know?

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Bill 14% is not the alcohol content of that wine. It's your poll number

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perceptions_now

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Re: It's the REAL Economy, Stupid
Reply #44 - Feb 24^th, 2013 at 11:42pm

Maqqa wrote on Feb 24^th, 2013 at 11:16pm:

perceptions_now wrote on Feb 24^th, 2013 at 11:10pm:

Maqqa wrote on Feb 24^th, 2013 at 10:57pm:

perceptions_now wrote on Feb 24^th, 2013 at 10:46pm:

Maqqa wrote on Feb 24^th, 2013 at 6:16pm:

adelcrow wrote on Feb 24^th, 2013 at 6:12pm:

The future fund is there purely to ensure that federal pollies and public servants can retire early on big fat taxpayer funded superannuation packages.
In short..the future fund is one big scam.
Pollies and public servants should have no more than the same employer funded super as every other Australian worker and like all other super the final figure should not be guaranteed or indexed.

You can thank Keating for this debacle

He made unfunded Superannuation promises that he can't keep

Both Liberal & Labor, can be thanked for the debacle, BUT Keating did at least introduce the Super Guarantee, which made a start, although it was enough & the Liberals certainly made sure it didn't get high enough, by squash subsequent rises in the super guarantee!

both the LIBs and ALP??!! Grin

Once again you have no understanding of the underlining Superannuation concept that the Future Fund is underwriting Grin

As I said previously, enlighten us?

so you don't know?

I don't play games, either you have something to say or you don't, it's entirely up to you!

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