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Projects cancelled/deferred due to RSPT


flower

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Hi Arty,

without doubt there were a few projects going to shelved or more likely delayed but there were more than a few of red herrings swimming around.

Even in the good ÃÆâ€â„¢ÃƒÆ’ƒâ€Â ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒ¢Ã¢â‚¬Å¾Ã‚¢ÃƒÆ’ƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚³l days 2.5 to 3% was considered full employment if memory serves well.

Under employment is a bigger issue though these days with the definition of employed is something like worked one hour for pay in the last week which is barely a job from any angle

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Hi Balance,

 

that's true, and there's certainly lots of those "Not-jobs"

Still, I believe the mining industry have a much higher demand for qualified personnel, not the kind "I'd rather be surfing" or "which end of the shovel do I hold on to?"

 

I've tried to make the point for years: You have to invest in the Education System, and not at the admin end, but at grass roots level. That hasn't happened for the best part of 20 years, resulting in an increased "dumbing-down" of an entire generation of school leavers.

Now we're paying the price; even migrants aren't quite the solution anymore, given the adverse groundswell of opinion generally, as well as the shift away from selecting applicants based on their skills, and rather accepting them on "humanitarian grounds".

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"... MINING giant Rio Tinto has warned that a notoriously "underperforming" port in north Queensland won't be able to cope with coal orders. Despite promises by the Queensland and federal government to sort out the supply chain to the Dalrymple Bay loading facility, near Mackay,..."

 

http://www.theaustralian.com.au/business/i...o-1225890964022

 

would these be the same people not wanting to pay extra tax? expect the Gumm'nt to do things for them. Sort of make dole bludgers look like amateurs IMHO.

 

 

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  • 1 month later...

Little did I realise 10 short weeks ago when originating this thread, that the potential, both economic and political, could be shaping up the way it is tonight.

 

K.Rudd gone, very likely a minority Coalition government with the Greens holding the balance of power.

 

Perhaps my original question can be turned on its head and substituted by:

 

 

"What projects, and what associated ASX Commodity shares stand to benefit IF Labor loses power"?

 

 

I witnessed first hand Mrs Thatcher's election, this cannot be on quite the same level, but IMO it could turn out to be a highly significant event for Australia and the commodity companies---wonder what effect this will have (if confirmed next week) on the AUD?

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If there was such an anti-mining backlash, why did QLD (12.8% of 1st preferences, up 5.5% from last election) and WA (14%, up 4.7%) people just vote in Green Senators??? Do they not understand that they want a BIGGER mining tax, as well as an increase in the corporate tax rate to 33%?
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Hi Suti--IMO because firstly those who did not vote Labor hate socialism, or/and intensly dislike the hatchet job labor factions assasinated Rudd with, AND the majority---- who voted Liberal, do not believe the tax in its existing form will ever see the light of day.

 

The Greens can pontificate all they like--but in reality IF repeat IF Abbot is able to form a minority government he (Abbot) will already have the prior agreement of enough independants in the Reps to axe/drastically ammend the tax proposals BEFORE it goes to the Senate where the Greens do appear to have the balance of power.

 

Next week should be a fascinating one on the ASX!

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The ALP would probably have to promise to axe the tax (I am a poet) to get a couple of those loose cannon (Katter :P ) independants on side. The single Greenie wont be happy but thats life in the big city.

 

Coalition or ALP, to me, the tax appears to be dead either way.

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The tax will go, no matter which mob get in. Unless Labor get 75 seats my money is on the Coalition getting in. The green will go with Labor but the independents will have to go with the Coalition.

Interestingly all their electorates are very anti Labor which shows up in the well below average number of Labor votes in their seats. To go with Labor would be political suicide. That said they will drive a hard bargain.

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Hmm, putting party ideology aside for one moment... Katter wants NBN and is anti a lot of things the Howard Govt did previously, Oakeshott wants an ETS and NBN and Windsor said he'd go with the party that provides the most stable govt (how can the Coalition provide a stable govt with a Greens/ALP Senate?).

 

ALP has the inside running on NBN & an ETS...

 

Maybe those electorates wont mind their MPs dealing with the devil.... so long as they bring back a bag of goodies. :devilsmiley:

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Listening to the 3 known independants with Kerry Obrien tonight one thing is crystal clear--the three seem determined to act as one--so the next question has to be----with whom,- Labor or Liberal, are the 3 going "into bed" with?

 

To me they have to make that choice to enable them to carry out their promise that JOINTLY all they aim for is stable Government for the next 3 years. ----OR:----- It's back to the ballot box --quick sharp.

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