Saturday 28th of December 2024

rent-a-crowd .....

rent-a-crowd ......

They are revolting in the west. Andrew "Twiggy" Forrest and Gina Reinhart, the big two of WA's dirt diggers, yesterday led a "protest" against the resources tax in Perth. Twiggy is, of course, from old WA stock, Rinehart is the daughter of the biggest hole digger of all, Lang Hancock, who wanted to use atomic bombs to make holes in the WA dirt. The rally was apparently organised by the Association Of Mining and Exploration Companies, which sounds a bit like a last-minute name for a bunch of malcontents determined to upset Perth traffic and disturb the city's rampant hedonism. Twiggy called Kevvie Rudd a communist. If Kevvie's a com, Twiggy is Lady Di in an Akubra.

from Crikey .....

If Rudd can't win this debate, he doesn't deserve to be PM

Canberra correspondent Bernard Keane writes:

ANDREW FORREST, CLIVE PALMER, KEVIN RUDD, RSPT

Yesterday we got to see, in broad daylight, just who is behind the anti-RSPT campaign. Some Liberal MPs, naturally. A bunch of rich people shaking their pearls in anger at the government. Some office workers dragooned into attending a rally, who couldn't even be bothered picking up the dozens of carefully prepared placards. Andrew Forrest, the only attendee to miss the "business casual" dress code, dolled up in mining gear to distract from the absence of actual miners. Some elderly people worried about their mining shares - presumably unaware they'd outperformed the market since the RSPT was announced. Some bozo claiming the tax was "robbing the elderly, the sick and the frail".

These people represent immensely wealthy foreign mining interests and have powerful allies in the media, of course, but seriously - is that the best they could do?

I've been saying for a month that the mining industry is lying. Bit by bit the evidence is starting to mount, not just in the credibility gap between their words and their business-as-usual actions, but from their own mouths. Clive Palmer had to admit to the ABC that he wasn't "canning" projects at all (and we're still looking for that South Australian mine he said he was shutting). Forrest made an absolute howler yesterday, claiming the Chinese were cutting mining taxes when they're considering imposing a resources tax. Hell, maybe even copying the RSPT.

If the Prime Minister or for that matter any senior government minister had been caught out like Palmer and Forrest, there'd be an endless stream of commentary in the newspapers about how the government's credibility had been shattered. The diagnoses from the commentariat about backdowns and embarrassment would have come thick and fast.

Instead, we simply hear about "colourful" mining identities. Quite what the euphemism "colourful" now means, you can work out for yourself.

Lindsay Tanner was reported yesterday as saying economic reform is now harder than it used to be, because of the media cycle. He's right that it's harder, but that's not the reason. The media cycle has accelerated and issues are processed more quickly, but the real problem, as I've suggested before, is that the template for derailing reform is now well-established. Moreover, this government did much to endorse that template by its mishandling of the CPRS, particularly in responding to the rent-seeking of our big-polluting resources sector.

In the end, though, the challenge is the same as that faced by Howard and Costello, and Paul Keating, and Bob Hawke - communicate effectively the case for reform, detail the flaws in the arguments of your opponents, and show you're determined to achieve what you set out to do.

So far there's not much evidence of this government doing that, but there's no shame in learning on the job. John Howard almost managed to make himself a one-term wonder, but went on to do OK.

If Kevin Rudd can lift his game, win re-election and get the RSPT in place, it could be the making of him as a reformist leader, ready to join Hawke, Keating, Howard and Costello. Having discovered that the best way to deal with rent-seekers is with a baseball bat rather than an open hand, it might embolden him to take on some more reforms that will arouse opposition.

The alternative is to remain frightened of his own shadow, constantly looking for the smart play, the quick fix, the announceable that will distract from his problems -- the sort of strategy we saw for years from NSW Labor.

That's political living death. In power, but unwilling to use it, and a recipe for long-term economic problems. Better to perish attempting genuine reform than stumble about, a policy zombie good only for dragging everyone else down to your own level, until voters put you out of your misery with a bullet to the head.

Yesterday Rudd announced "a new $6 billion Regional Infrastructure Fund". There was, at least, no obfuscation - it was actually a $400 million increase to the existing RSPT-linked infrastructure fund. "The fund comprises $5.6 billion of revenue from the Resources Super Profits Tax commencing in 2012-13, as previously announced, and an additional $400 million for the fund between 2010-11 and 2013-14. These additional funds have already been provided for in the Budget," the press release said.

Regional Rorts Mark II, here we come.

Another announceable, another press release with dollars attached, reflecting this government's impressive capacity to reduce every major policy to an electoral bribe.

And, yet again, too clever by half. Why the month-long wait to reveal it? Why not just announce it when the Henry Review was released, or on Budget night? The impression is of a rattled government thinking it can overcome opposition to the RSPT by waving some dollars around, rather than by explaining its case.

If Kevin Rudd can't win the debate against this mob, he won't deserve to win the election, and we'll be well rid of him. Pity for the national interest that the other side look even worse.

 

We are at war with a media coup to unseat our government.

Surprised and disappointed - is the way I read Bernard Keane's opinion above.

Like any patriot watching his country teeter on the edge of a coup by the same method of Character Assassination perpetrated by the Frank Packer media in the Whitlam Dismissal of 1975.

After the subsequent “election” of Malcolm Fraser in 1975 it was reported that Packer had settled out of Court with large sums to both Whitlam and Hawke for defamation.  Too late Mon Ami.

But then, he had won the organized coup with intimidation; lies; misinformation; and profited by it at the expense of the Australian people he had so egregiously misled.

No criminal should be allowed to profit by his criminal actions and there is where Bernard seems to lose the plot.  This is a Class War of the same dimensions as that which divided our “Lucky Country” in 1975 except that now the Billionaire Mining Giants have in their pockets the fascist Liberals led by the flip-flopping and rarely allowed to speak publicly – Tony Abbott.

Someday, some of our citizens will realize just who does rule this nation and its national assets. Shades of the American mess of today. Controlling the information to the people by “Goebbels type Nazi propaganda” was countered by equally fabricated information by the Allies in WW II but there were laws which decided censorship by the Government of the day.  Not so now and yet we are in a war of stealth for the express purpose of defending our federal government.

Those accepted methods of influence in war at least countered each other to approach neutral in so far as the ear of the public was concerned.  There is no doubt in my mind that we have a very wealthy and active Fifth Column in our country.

Nevertheless I consider Bernard Keane as unique since his opinions are not under puppet-like control by media Barons – at least he searches for the truth.

In the meantime, I will try to find out which bunch of parliamentarians gave the Zionist Murdoch permission to call his anti-Australian propaganda machine The Australian?  Public enemy number one in my book.

God Bless Australia and hope that our voters, especially the young ones, realize that NOT voting for Kevin Rudd is tantamount to voting FOR Tony Abbott and his Foreign Corporation funders.  NE OUBLIE.

 

 

from the Citizens Electoral Council .....

"Small" Aussie investors in Rio Tinto and BHP Billiton are profiting from the wholesale looting of Australia.

As the CEC reported 24th May, exporting raw materials actually robs the nation of many times the wealth it generates, which was illustrated in Liberal Prime Minister John Gorton's 23rd January, 1970 Federal Cabinet submission, in the case of exporting one million tons of bauxite ($ values have changed, ratios will be similar):

Raw material, export earnings: $5 million

Processed one step into alumina, export earnings: $27 million

Processed second step into aluminium, export earnings: $120 million

Processed final step into aluminium products, export earnings: $600 million!

Great Australian patriots such as the Liberal Party's John Gorton, Country Party leader John "Black Jack" McEwen, and Labor stalwarts Rex Connor and Jim Cairns knew raw materials exports looted Australia, and waged a fierce fight in the late 1960s and early 1970s to establish the Australian Industry Development Corporation (AIDC) as a national fund to invest in processing; Gorton was even called a socialist by people in his own Liberal Party. When Connor and Cairns fought to "buy back the farm", the owner of Rio Tinto (then CRA), the Queen herself, sacked the Whitlam government, to crush any attempt to assert national control over Australia's resources, which would impinge on the Anglo-Dutch raw materials cartel's monopoly.

Since Hawke and Keating unleashed the globalisation destruction of Australia, our once-great industrial economy, which built the Snowy Mountains Scheme, launched satellites into space, was capable of every type of manufacturing and boasted a world-class machine tool industry, has been literally reduced to rubble-mountains of it, towering beside the enormous holes that are the main feature of our globalised "quarry" economy.

The government's bastardisation of our social security system has herded workers into compulsory superannuation, to become the millions of small investors in the very companies gouging Australia: banks, oil companies, resources companies etc.

Consider the mentality: Enraged at bank charges? Look on the bright side-you're an investor! Furious at paying through the nose for petrol produced from oil set at the world parity price ranging from US$70-$140 a barrel, which costs BHP just $11 per barrel to pump? Relax-you've got shares in BHP.

Nationalise our resources

The only way to reverse this wanton destruction of Australia, and make our economy fully functional for the future, is to assert national control over all of Australia's resource wealth:

1.   The CEC will establish a national resources company, owned by the government, to develop our strategic resources, especially uranium and thorium, and take over functioning mines that private companies would otherwise shut down, such as BHP's Ravensthorpe nickel mine.

2.   Private mining companies would only operate under a strict national licensing régime, to regulate the mining operation and to ensure the resource is used in the national interest. For example, mining companies would not be allowed to use Australian resources to extort the domestic or global economy, the way the Rio Tinto/BHP Billiton duopoly currently use Australia's iron ore to hold the world's steel industry to ransom for higher and higher prices.

3.   Financed by a national bank, credit will be directed into developing onshore processing for all raw materials-steel factories, oil refineries, smelters, uranium enrichment etc. From there, Australian infrastructure and industry will have priority access to those materials, as Australia embarks on an unprecedented reindustrialisation program centred on a national high-speed railway network, a nuclear power grid, great water projects, especially to develop the Top End, and a space program.

4.   Australia will share its resources with other nations under mutually-beneficial, long-term government-to-government contracts.

Citizens Electoral Council leader and candidate for Wills, Craig Isherwood today urged people to see through the charade of the current mining debate:

"Australia doesn't have a future unless we kick out the Anglo-Dutch raw materials cartel, and reclaim our resources. This is a fight for national sovereignty, and the common good. I urge all Australians to get behind it."

Change of names and passports but, they are still Zionists.

Interesting article above John.  IMHO, where sovereign nations have Nationalized their resources - like Indonesia's oil - they have prospered every time.  Isn’t that what the US advocated to strip the power of the Soviet Union?  What’s good for the goose….

If that is the way of the future then at least the current foreign resources miners in Australia certainly deserve it in spades. In fact, the undercurrent of anger that the Murdoch misnamed "Australian’' is causing by its propaganda war with our federal government, just might swing things in favor of real Australians. At Least the Fairfax media is tending to avoid the obvious lies and misinformation of the Jewish “Murdoch Australia” - the real enemies of our national interests.

However, the Mike Carlton article in the SMH today shows loud and clear the radical and uncontrollable madness of the Zionists in Australia.  And I quote:

“None of this is accidental” [Naked threats from criminal Jewish minds].  “The Israel lobby, world wide, is orchestrated in Jerusalem by a department in the Prime Minister’s office with the rather Orwellian name of the Ministry for Public Diplomacy and Diaspora Affairs. Less than 24 hours after the attack on the Mavi Marmara, the ministry hit the internet with “important talking points” for Jews around the world, the first of which was – surprisingly – that “the Palestinian people are not under blockade”. [Now that’s Zionist!]

“Write letters to your local newspapers, comment on blogs and news websites, call in to radio programs and post links to social networking sites to help spread the real version of events,” urged the deliciously named Mr. Ronen Plot, the Ministry Director-General.” [End of quote]

So Mike has stirred the radical and dangerous fanatics of Zionism in Australia?  Shades of the Nazis? These mad dogs at least tend to prove the theory that I have been struggling with – the Zionists organize the Diaspora Jews all over the world.

Come to think of it – they did as far back as their Declaration of War on Germany in 1933, long before Hitler gained total power with an overwhelming vote of the citizens.  At that time the German Jews still had a vote but most of them in business boycotted the government's attempts to restore the German people's faltering economy.

Now the question is - did the Murdoch media empire decide on the assassination of our elected Federal government or - is this an order from the Jerusalem based Ministry for Public Diplomacy and Diaspora Affairs?

God Bless Australia and may the elected Rudd government stand firm against the foreigners and their Abbott Liberals.  NE OUBLIE.

.

 

 

Perceptions of the much too powerful Australian Media.

1.  The SMH and the Age seem to be giving the anti-Rudd frenzy a slight break from absolute garbage. But NOT the Zionist Murdoch - he has too much to lose if his power to change governments fails to work this time in Australia.

2.  The much heralded West Australian "workers" poll which claimed that Kevin Rudd has only 26% support, was made up from just 400 participants which would be the approximate number of wealthy foreign Mining people with prepared and mass produced signs at "Treeless" Forrest's very unprofessional mimic of workers wanting their rights. The population of Western Australia in Wikipedia is estimated at about 2.3 million people and, like Malta, the compulsory voting averages 95% turnout.  400?  How stupid do these foreigners think we are?

3.  The latter was I believe - accidentally exposed - on the neo-con Barrie Cassidy Insiders show on T/V. It was nevertheless treated as a genuine "worker's poll" of valid numbers.  Struth.  By the way, all of the media called the Insiders by the more acceptable name of "ABC T/V".  I wonder why?

4.  To the Fairfax media's credit, they may have been sickened by the totally one sided views of a hostile media with obligations to all Corporate powers in Australia plus their re-invented Abbott Liberals.  Can anyone imagine the IOU's that the Abbott mob would owe to the big end of town - should Murdoch and the foreign Miners succeed in assassinating the Rudd Labor government?  That would mean an Abbott government of the remnants of the Howard “New Order” and their WorkChoices policies.  Fair dinkum.

With tongue in cheek audacity, the Murdoch media has first, thrown at the Rudd Prime Ministership  all of the mud and misinformation that its power could muster, in order to lower his standard in its Newspolls and mislead the Australian people.  This had the desired effect of falsifying “the amazing collapse of the Rudd adventure” and then, like pigs to the trough, the others joined in the frenzy.  Nevertheless - like the Murdoch crew of Zionist deception are want to do – they unashamedly claimed that they were amazed too?

The latest claim by a once proud journalist Paul Kelly is that Rudd has been caught by his own trap.  What tripe - can it be explained by dementia?

Peter Harcher has at least for me, tried to anticipate what Rudd will do and I believe he is close to the mark.  This P.M. is a courageous man of integrity with the working class spirit for a better Australia.  He has experienced some very embarrassing moments in his life but he has survived and prospered and that alone deserves more respect from his neo-con enemies.

The Murdoch media has always chosen what sort of politician it can control and the Abbott claim to have “brought his party” together is completely due to Murdoch doing his campaigning for him.

And now we have the ex- Australian CEO of the infamous Jewish Banker Goldman Sachs - noting the opportunity and saying exactly the opposite of what he said when he was usurped by Abbott.  Here we have the real millionaire Malcolm Turnbull who exploited his effort to get the modified and agreed ETS approved and when it caused his ambitions to collapse, he left the field in a fit of righteous indignity.  Fair dinkum.

God Bless Australia and may we recognize that WE are the beneficiaries of the Rudd Government’s economic expertise and we should not forget it.  NE OUBLIE.

 

 

Just a slight digression John and Gus.

Our Socceroos, representing us, - that is a small populated nation of some 200 years, and due to perseverance and support from immigration families (by boats or whatever) of much more experienced people in the game of Soccer than us, has made it into the World Soccer Championships in South Africa.

Let the nation rejoice and speak of how that code and its migrant population in our country, has done us proud. 

First time up, these wonderful athletes and their wise Dutch Coach had to face one of the greatest world Soccer teams of all time – the Germans.

And guess what, as every smart arse pundit observed; we were soundly beaten by a much more experienced and, by my estimation, a worthy three times world champion team.

And what did our disgustingly holier than thou media say?

In the SMH:

“Ex Goalkeeper slams Coach” and; “Utter disaster” and; “Fans walk out” and; “Gloom in Durban”.  Fair dinkum – that was encouragement to these fabulous young men eh?  Not only was it mainly misleading but an insult to what I always thought was a wonderful sporting nation.

And in the Murdoch “Australian” of course it was worse:

“Verbeek shoulders World Cup shocker” and; “Socceroos humbled” and; “Ruthless Germans far too good”, and; “Match highlights – watch and weep” and; “Former stars sink boot into Verbeek”, and; “What now for shattered Socceroos?” and; “Aussies down and Cahill out” and; “Fans – jubilation to despair in just 90 minutes”.  Struth.

Do these less than important clowns consider those as reasonable comments? Isn’t that the inevitable claim to anyone who dares to say “I did my best?”

As a Physical Trainer in the Navy I took part in every sport allowed and we had to learn the rules and nuances of them all.  But we stood by the Sportspersons Code of:  “Chivalrous in Victory and Generous in Defeat”.

While this all too powerful media burns our Prime Minister at the Stake we have a wonderful hard working group of young men and their Coach who did us proud to achieve a shot at the World Soccer Cup in 2010.

Did they really intend to lose that game?  The foreign Media says yes. I say an absolute NO.

God Bless Australia and may our Socceroos play as representatives of Sporting Australians.  NE OUBLIE.

 

 

Doing one's best is never enough...

Yes Ernest... There is the master race, the chosen people and then the socceroos... We need more kids to join and beat them next time around... Soccer is a game of skills, tactics and honest deception... We're too honest and not deceptive enough, yet.

Doing one's best is never enough...

from my lounge chair .....

Hi Ernest,

Wow, you're passionate about this ... can't say I blame you ... but ...

The average age of our socceroos(?) is 36, whilst the national socialists (whoops, sorry, the Germans) is 25 ... surely a case of overblown expectations? I mean we had the Federal Minister of Sport talking-up the visiting soccer spectators from down-under before the game.

Let's face it Ernest, sport is our national religion, even though 99.99 people play from the comfort of their lounge chairs .... and our record isn't really that crash hot .... maybe that's the reason everyone still remembers Don Bradman .... ?

In fact, take a look at our best sporting heroes & most were of yesteryear, when they performed as world beaters without the financial rewards so generously bestowed on the second rate successors (more than $2 billion a year these days - a $100 for every man, woman & child in the country!!)

Rosewall & Laver deominated world tennis for a decade, but it was 50 years ago. Our current best male tennis player is the arrogant little shit Hewitt & he was at the top for only 2 years, more than 8 years ago.

In 2008, the world's greatest crick nation (us?) crashed to its heaviest defeat in a decade, when it was defeated by India & only a few days ago Bangladesh, the lowest ranking team in international cricket thumped us in Cardiff.

And whilst we have the best Netball team in the world, our much-vaunted Wallabies have only a 50% test-match winning record over their entire history (no wonder they are often referred to as the "Wantabies")!!

But the soccer thing has been seriously overdone in my view Ernest ....

To paraphrase the great Johnny Warren, sheilas, wogs & pooftas celebrated when the Socceroos qualified for the 1974 World Cup. When they earned the right to return to Germany in 2006, the whole of the country went off (how quickly we forgot the regular 4 yearly black comedy when, in 1977 we were knocked-out by Iran; in 1981 we were thumped by NZ; in 1985, nailed by Scotland & in the ultimate humiliation, the Zionists nailed the Socceroos in 1989 (lucky we weren't all Palestinians Mate)!! !993 - Argentina did us over; 1997 - Iran (again); in 2001, Uruguay had a turn ... etc  etc  etc

All sport is overdone Ernest & in Orstralya, not being a sports fanatic is tantamount to high treason!!

By the way, whilst everone was busy knashing their teeth & cursing Churchill for not doing a good enough job on those 'bloody Germans' when he had the chance, the annual honours circus came & went, with arch sports satarists Roy & HG picking-up a win ... says it all really when the commentators come-up with the trophy!!

Cheers.

John, you and Gus have a way with words.

I could almost forget my ingrained feeling for "sportspersons of any sport in any nation" after reading your post.  Almost that is.

I could suggest the thought that "if you can't participate in sport - be a sport".  I could also suggest that national pride is a motivation of the best kind, especially in a world so divided by all sorts of crap that the "Greek lessons" have been buried by the basic evil of life – money.

However - to you two young men of much more worldly experience than I – have you considered that the alternative to the Greek love of sport (including David and Goliath) was to prevent unnecessary and costly wars?

John, I do not debate with the issues and facts that you have offered but, may I suggest that my intention was not so much to glorify our sporting past (of which I am very proud without reservation) or future for that matter, but rather to encourage our citizens to settle their disputes by say “arm wrestling” rather than “arm amputation”?

But keep up the good work – as “Taras Bulba” said - always support what you believe in – at least I think he said that.

Cheers to you both.  Ern G.

 

global capital strike scare update ….

So have those big global investment banks gone off Australia because of the resource tax?

Well, some of our excitable business writers & commentators would have us believe that Australia is now isolated & under siege by foreign investors worried about the tax eating their babies.

But what's this I spy?

SocGen, the big French bank, has upgraded Rio Tinto (sovereign risk & all).

Mon Dieu!! Rio's rating has gone to a "buy" from a "hold" at Societe Generale, which lifted its target price to 4150 pence from 3900 pence. The investment bank cited attractive valuation & said stronger spot iron ore prices were in the offing for Rio Tinto. "Overall, we believe that risks related to the Australian government's proposed resources rent tax (still impossible to frame a worst case scenario), the ongoing sovereign debt crisis in Europe & fears that Chinese measures to curb property speculation may result in a sharp slowdown in economic activity are now well discounted by investors."

SocGen expects management to unveil new growth options in the future. Hmmmmmnn: how about Afghanistan, where there's now reportedly lots of copper, iron ore, nickel & the like. No sovereign risk there, eh chaps?

playing with sovereign risk .....

from Crikey .....

Miners not interested in compromise: coal industry source

Bernard Keane and Glenn Dyer write:

COAL INDUSTRY, MINING INDUSTRY, RSPT, SOVEREIGN RISK

The mining industry will reject any compromise offer on the government's RSPT proposal, even if the government increases the uplift rate to as high as 15%, a senior coal industry source has told Crikey.

Laura Tingle and Louise Dodson in the Financial Review led strongly this morning with speculation the government would dump some of the promised positives of the RSPT package that have failed to find favour with the industry, including the resource exploration rebate, and significantly increase the uplift rate from the current proposed level of 6%. However, the 40% taxation rate would be left intact.

The industry has been running an aggressive and extraordinarily costly campaign across print, media and radio against the government over the issue and coordinating it with opposition leader Tony Abbott's office and a number of media commentators.

As Crikey predicted on Monday, yesterday the industry rushed out specially-commissioned modelling by KPMG purporting to show a shift to a PRRT-type model with no transferability and deductibility of losses would be damaging to most sectors of the industry. Australia's oil exploration sector has thrived under the PRRT since it was introduced by the Hawke government in the 1980s.

According to the coal industry source, the sector is concerned about appearing stubborn in the event the government offers a compromise. The KPMG modelling was ordered by the industry in order to undermine the impression it is behaving obstinately in the face of a government backdown.

But the industry also believes its advertising campaign is working very well and that the Government's own campaign, if anything, is actually counterproductive, making viewers more likely to oppose the tax.

The industry has been regularly playing up the issue of the 'sovereign risk' posed by the RSPT, with the term appearing now to apply to any government decision big business doesn't like.

However, the scale of 'sovereign risk' allegedly posed by the Australian government has again been put in context by overseas events.

According to the European edition of the Financial Times, Guinea has threatened to take away Rio Tinto's rights to part of the huge Simandou iron ore project in the country. FT reports:

The government of Guinea has raised the stakes in a dispute with Rio Tinto by threatening to strip the Anglo-Australian mining group of more of its rights to one of the world's biggest undeveloped iron ore deposits.

Officials in the military-backed government of Guinea have been angered by what they see as Rio's failure to acknowledge an earlier administration's 2008 decision to reclaim the rights to half the Simandou deposit. The warning follows a flurry of multibillion-dollar deals in the volatile mineral-rich west African nation as miners seek to capitalise on the soaring price for iron ore.

FT quotes correspondence from the Guinean government to Rio warning: "If you persist in not respecting decisions legally taken by the public authorities of our country, we will regrettably have to apply the full force of the law."

"In 2008 Guinea stripped Rio of Simandou blocks one and two, accusing the group of taking too long to develop a mine and violating the terms of its exploration rights at least twice," the FT says.

Rio has not told local investors about the threat, nor have there been any concerns about overseas 'sovereign risk' from the commentariat.

So if Australia's tax brawl represents sovereign risk to Rio, what is the looming brawl in Guinea?

cheap shots .....

There has been an uncommon flurry of interest about Australia in the global media over the past few days, courtesy of Julia Gillard's ascension to the prime ministership.

But when travelling overseas in more normal times, it is rare to read anything about the wide brown land in the press - except perhaps a tit-bit on cricket or tennis.

So imagine my surprise when, on a recent visit to Paris, I spotted a reference to Australia in the International Herald Tribune, an English-language paper owned by The New York Times.

The topic was not cricket, nor was it the miners' squabble with Labor over a resources rent tax. Instead, it was Australia's superannuation arrangements. In the article the writer had singled out two countries - the Netherlands and Australia - as shining examples of good public policy-making in a world of seriously unfunded pensions.

In Europe you can count on one hand the number of countries that can seriously claim to be able to pay for their ageing workforces in retirement. You need both hands and all toes to count the number of countries in Europe and in North America (yes, including the US) that have not got a hope in hell of properly looking after their ageing populations over the next two or three decades.

The Tribune mentioned Australia's compulsory 9 per cent of weekly wages which all employees pay into their super funds. The story noted the government had announced it was planning to lift the rate to 12 per cent (though it did not say that it would take until 2019 to get there).

Overall, the tone was complimentary. You got the impression the Tribune was a bit surprised at least someone had got it right, given all the talk of how the debt problems of the PIIGS counties (Portugal, Ireland, Italy, Greece and Spain) were potentially contagious and threatened a second bout of world economic pneumonia.

Sovereign risk? No, superannuation is at risk, thanks to mine bosses

crying wolf once too often .....

from Crikey .....

Forrest and Bennison try their best to revive the mining tax war

Canberra correspondent Bernard Keane writes:

BERNARD KEANE ON FEDERAL ELECTION 2010, FEDERAL ELECTION 2010

Andrew Forrest and Simon Bennison of the Association of Mining and Exploration Companies are wasting their time and money threatening to reactivate the mining industry's campaign against the Government.

Even as Kevin Rudd struggled to hammer out a compromise on the tax, Australians remained evenly divided on it, and strongly supportive of the things it funded. The idea of a Government compromise on the tax was strongly supported - only 14% of voters didn't want any new mining tax of any kind, Essential Research found just after Julia Gillard's leadership coup.

That's why when Gillard nutted out a compromise with the big multinationals, she received strong support. 50% of voters approved the deal, versus 28% who objected. 58% approved of her handling of the issue. And 41% thought mining companies had too much influence over policy.

Even a third of Liberal voters approved of the deal, and 75% of Labor voters. Less than 10% disapproved. Western Australians were less enthusiastic about the deal but even in the west, more favoured the deal (45%) than opposed it (40%).

The only press coverage of the issue since then has been to suggest the Government was very generous to the miners, which it was.

Forrest, who led that ludicrous millionaires' rally against the tax dressed in a miner's outfit, has lost his friend at court - Kevin Rudd. And the small miners have paid the price for caving into pressure from the big foreign-owned miners and staying silent as the foreigners waged a campaign against the tax based on outright lies. The Government negotiated a deal with the foreigners that took away many of positives of the RSPT, which were aimed at smaller miners in the first place.

Those miners large enough to be caught above the $50m threshold have been given a demonstration of how real power works.

The Government can now also point to its implementation committee, headed by Don Argus, as a convenient excuse to put off resolution of remaining concerns until after the election.

There is no narrative or framing story in which a renewed campaign won't look like simple whingeing - which, for that matter, it always was anyway. For voters, the issue is resolved. If anything, a campaign might make the Government look as if it actually stood up to the miners - when nothing could be further from the truth.

The miners can of course campaign against the Labor-Green preference deal, but then that's just more partisan political advertising while the airwaves are full of them.