DOWN, AND DOWN WE GO

Well the RBA has done it again, we are now at the lowest interest rate levels since the establishment of the RBA, and with the (predicted) change I am yet to hear a cry of, “Great news this will work, just watch everything change.” We are continually being advised by learned experts that we are … Continued

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Do cars hold a secret?

Recently I was talking to a doctor I met in passing, one a tad younger than I, and in idol conversation we talked about the world, the universe and nothing!  However during our conversation we discovered that we both had a general interest in cars.  So as the conversation progressed he opened up and spoke … Continued

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Where has reality gone?

It was interesting to hear this week that Ellen DeGeneres is being sued for having miss pronounced someone’s name on her show.  Later that night I regretfully heard an ABC personality miss pronounce Wallacia as WALL-A-CHEE-A.  The error was shortly afterwards brought to the announcer’s attention and the situation rectified.  Issue over! I must say … Continued

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Here we go again.

Sometimes I just stand back bewildered at what goes on.  If you read “Why Arrium’s banks lost patience” (AFR 14Apr2016) you just may well be forgiven for simply throwing your hands in the air and saying why bother. Clearly Arrium is a significant matter that will gain the focus of a very wide cross section … Continued

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Lessons from history with Schon

In a recent presentation, I did for our forum on Bankruptcy, I looked for the origins of the three-year term of a Bankruptcy and found the origins in Republican Rome in the “Great Reform Bill of Rome” dated 377BC. It was here that the original three-year period of Bankruptcy was first established. The insight struck … Continued

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The aftermath of Dick Smith

It will be interesting to see what comes out of the aftermath of the Dick Smith collapse, there are already statements being made that the Secured Creditors will suffer an ‘enormous’ shortfall and thus everyone that stands behind them will fair even worse. The receivers are now looking toward the directors and auditors as potential … Continued

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How much is enough?

Whenever financial times are strained everyone looks to cutbacks, none more so than Governments. Moving further, one of the most significant costs here is staffing, and commonly there are either employment freezes, voluntary redundancies or other measures put into place.  Rarely do the systems change, and thus often fewer people need to cope doing what … Continued

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62 People

It is interesting to note that recently it was reported that 62 people in the world personally control 50 percent of the world’s wealth. This is in itself a stunning situation. Most people’s Facebook ‘friend’s’ page would stretch well beyond 62 people. Consider it this way, if you looked at the population of the world … Continued

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A Chinese company called … … Bradfield?

I recently almost fell off my chair when I read of a Chinese company, not only suggesting, but offering to pay for an expansion of the impending new rail tunnel so that it would be capable of not only carrying the new Metro Line but also a high-speed east coast train to be constructed at some … Continued

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