Australian economy

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Chuck
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Re: Australian economy

Post by Chuck »

karlrand wrote:Interesting point forcing overseas students home for at least two years after their Oz studies. Having worked in the office that managed Columbo Plan students I see the logic.
However, all of this admittedly interesting discussion is only dancing on the deck of the Titanic.
I find it morally wrong that we financially pilfer Doctors and allied medical professionals from 3rd world countries.

Many students and professionals come here to study, under the pretext to update their skills for the benefit of their homeland community. Instead use the Uni as a channel to get residency’s status here.

On a recent tour, I met an Australian lady of Chinese origin, whinging with my wife about Uni graduates from Asian countries being prepared to work for lower dollars per/Hr.

Her adult child was competing with Asian graduates whose parents have purchased them a car and house. One of my kids is in a similar position trying to pay off the mortgage on a single income.

Many businesses are not employing graduates on their merits but from a cost point of view!

Therefore, by forcing foreign graduates back home for a minimum of two years will result in getting residency on a skill based need for areas within our country.

Chuck
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Re: Australian economy

Post by Chuck »

HBS Guy wrote:No way, unless we have a system of schools for those intending to go to Uni, one for people who just want to leave school and a trade school system. Then can push more STEM into HSs.
The problem these days, in our era many HS subjects would be classified as hobbyist subjects in the educational arena.

The initial part of Vic high school - up to year 9 - was an introduction to music, metal work and carpentry to find hidden talents and once identified, passed on to their parents, to pursue these actives as after hours school activities.

Get rid of these cop-out subjects such as drama etc!

Kids need to be directed and steered into the core subject. The problem these days is the financial incentives to keep kids going to school for the benefit of parents.

It amounts too HS acting as teenagers childcare centres.
I did Leaving in 1964, Leaving Honors in 1965
Does that equate to Vic Leaving and Matriculation Cert.

In a previous post, I mentioned that because I failed English Grammar twice, I was forced to Matriculate with subjects I never contemplated of doing!

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johnsmith
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Re: Australian economy

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Chuck wrote:was an introduction to music, metal work and carpentry to find hidden talents and once identified, passed on to their parents, to pursue these actives as after hours school activities.
rubbish......... it was so that kids could experience a range of different activities, to better enable them to formulate a plan as to what they wanted to do when they left school, and what subjects they needed to study in order to get onto their desired path.
FD.
I hope that bitch who was running their brothels for them gets raped with a cactus.

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HBS Guy
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Re: Australian economy

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Now idea how they related to Vic, sorry. Years 4 & 5 of HS. Think it is a pity they changed it: Year 5 was a bridge to Uni incl free periods where you could read etc.

karlrand
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Re: Australian economy

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Chuck wrote:I find it morally wrong that we financially pilfer Doctors and allied medical professionals from 3rd world countries.
I wonder how you classify the many Russian medicos who’ve come here to work? A high percentage of them are Jews who have suffered appalling discrimination within the Russian system. On the other hand they often bring with them (Jewish or not) an irrational belief system in what can honestly be called superstitious quackery. OK, they pass local medical exams but then go on to import weird Russian technology that has absolutely no scientific justification for it’s use. Some of it is downright dangerous. How this can be controlled is just one of the many questions the fast changing medical scene in Australia needs to answer.
I’m also puzzled as to how some imported medicos manage to pass their Australian registration exams given their lack of English language skills. I’ve had several dealings with a Dr who passed his Oz registration several years ago but whose spoken English is still almost impossible to decode and whose comprehension of what I attempted to tell him was next to zero. So how do these practitioners pass the local exams?
On the other hand I’ve found a brilliant physician from Moldavia who’s taken out two extra degrees in London. Best GP I’ve ever had.

I have no simple answer to the problem of pilfering Doctors etc from 3rd World countries. If they are escaping dictatorial authoritarian and corrupt governments are we free to pass judgement? On the other hand if, as is often the case, their government financed their studies abroad I suggest they do have a form of moral obligation to return home for a decent period.

One game right wing Governments in Australia have been playing really gives me the sh*ts. The deliberate importation of workers known to be willing to take jobs for far less than Australian award wages, often under appalling workplace conditions. This is more than a devotion to so called free enterprise, it’s a conscious attempt to castrate Australian workers and their unions.

Chuck
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Re: Australian economy

Post by Chuck »

johnsmith wrote:
Chuck wrote:was an introduction to music, metal work and carpentry to find hidden talents and once identified, passed on to their parents, to pursue these actives as after hours school activities.
rubbish......... it was so that kids could experience a range of different activities, to better enable them to formulate a plan as to what they wanted to do when they left school, and what subjects they needed to study in order to get onto their desired path.
That might be the modern day thinking but in my younger days as u said, it was just general experience for a young mind.

I can assure u that the music experience ceased in my era and if u wanted to continue along the musical path, it was after hours activity at ur parents expense.

Out of my two kids, only one had an inkling of what they wanted to do as a profession - all did the difficult subjects - not the deceptive maths that Qld employers were mislead with!

I and my wife had suspicions of what profession the eldest one my choose - considering the eldest one used to bring home rocks or mixing a brew from leaves or seeds especially during the primary school years.

Even, I didn’t have clue of what I wanted to do in my life after HS.

Our youngest child was contented to work as a checkout person.

This lazy kid didn’t even fill out the application forms for a Uni placement. It was the eldest that did all the application forms. The youngest one had simply needed to throw darts at want course may be appealing.

This lazy one turned out to lead a State government team for the Gold Coast Commonwealth Games and currently assesses the viability of projects for State governments funding. What I term as commercial blackmail subsidies!

This is a classic example of what family pressure can achieve!

From being a contented checkout chick to a reasonably highly paid position in the govt system.

Both hated the group assessment system to gain their Uni degree!

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HBS Guy
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Re: Australian economy

Post by HBS Guy »

The bunch of cretins that make up the RBA board have cut interest rates AGAIN!

Another kick in the teeth for savers!

Interest rates are a brake not an accelerator. Cuts do nothing but advantage speculators over those saving up a deposit for a house!

What is needed is for the government to spend. Boost NewStart by $100 per week! LOTS of new spending! Run out FTTH in place of the ridiculous FTTN over thin and rotten copper! (Actually not a good stimulus will take time to get started :oops )

Do some road/rail infrastructure—the Adelaide-Melbourne railway line is crap and the Adelaide bit should be rerouted north out of the Adelaide Hills! That won’t be the only rail or road needing work. But the idiotic Libs insist on showing a bodgy ($30Bn that NBN Co can’t repay so the whole sorry mess really has to go into the Budget—it is a loss maker not an investment!) surplus. This will mean an even deeper recession, maybe we will get a depression instead? Would not surprise me with the bunch of quarterwits pretending to be a real government!

Some people, part pensioners and others, rely on interest as income AND part pensioners, getting maybe 2%, are deemed to earn 8% or whatever—why adjust the rate when you get all that lovely tax income? Bastards!

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HBS Guy
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Re: Australian economy

Post by HBS Guy »

Alright, (hopefully) leaving the corona virus lockdown days for good we have what was a weak economy now much weaker.
“The problem with Australia is that whilst it might handle adversity very well, it doesn’t handle prosperity very well at all,” says Steve Miller, BlackRock’s departing head of Fixed Income.

Nothing could be more true of the past 26 years of continuous economic growth in Australia. Built on the back of the Hawke and Keating governments' response to Australia’s last economic crisis, we have been the envy of the world.

But not any more, because within these past 26 years has been prosperity: Australia’s largest mining boom, pouring surplus income into government coffers, and wasted by the Howard-Costello government on unsustainable transfer payments (read the Baby Bonus), PAYE tax cuts, unsustainable uncapped superannuation retirement benefits and temporary fuel tax indexation reductions, all done for short-term political advantage.

There's nothing to show for future generations except a narrow-cast Future Fund to offset Commonwealth unfunded superannuation liabilities. No sovereign wealth fund to fund infrastructure, no investment in education, no significant investment in research and development.
He misses no decent broadband network thanks to the idiot Libs.
So here we are in another economic crisis and the cupboard appears bare. . . .
(Mentions the Hawke accord.)
We need a new accord with government, unions and industry around a new set of reforms to build a sustainable recovery. The Prime Minister’s announcement on Tuesday is the first step, but without industry-wide bargaining, it is near-impossible to achieve real social wage offsets. The PM will need to stare down his backbench to achieve this breakthrough.

This new accord should build on the current initiative by the unions and industry to keep building and construction going through COVID-19 and the leadership of the ACTU in advocating and supporting JobKeeper and JobSeeker programs.

This accord should build on five key themes.
https://www.smh.com.au/national/another ... 54wv2.html

So you can discuss the key themes.

We need tax reform, increasing PAYE rates, closing some obvious loopholes especially the outrageous cash refunds for franked dividends to managed super trusts that pay no fucking tax!

Then look to infrastructure: road, rail, NBN (Sell it to the so-called Future Fund, the govt gets back the money it loaned to the NBN Co and the Future Fund can be tasked to “Maintain and improve the NBN network” which means convert it to FTTH. All this infrastructure will be a great stimulus.

Hawkes accord was with the unions, established a social wage which 19 years of neoliberalism has eroded. End neoliberalism, roll back taxes and other breaks to the very wealthy. Restore the ABC funding and independence, we need a real voice to broadcast news and quality analysis. The bloody Libs won’t do that, of course, they love the tax payer funding their propaganda arm. Restore health, Medicare, social security spending and stop treating the unemployed like dedicated bludgers. 10 job applications a month is realistic, 20 a week is idiocy. Boost NewStart.

Aim to develop some manufacturing, electric cars for one. Apply Australia First to fed, state & local purchasing.

Etc. Something HAS to be done.

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Squire
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Re: Australian economy

Post by Squire »

The Australian economy, and indeed the world economy is heading into another dead zone for graduates like the GFC where graduates lost opportunities in their field of expertise and had to take lower-paying opportunities that did not advance their career and may have indeed sidetracked them out of their chosen field.

The post-pandemic economic environment portends unemployment at high levels and declining remuneration.

It is even possible that a deflationary spiral could follow like that Japan fell into for decades.

The economic portents are not good.

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