Larvatus Prodeo

9 Responses to “Rates rise”

1. 1 hannah
   Aug 10th, 2007 at 5:36 pm

   One of the victim groups that will suffer disproportionately from this will be single parents and their children.
   When the Coalition worked out the estimated costs of raising children in Australia about a year ago it specifically excluded taking into account the costs of housing.
   So the dramatic rise in such costs recently is not part of the new child support payments that are due to come into full play mid next year.
   So the income of single supporting parents is based on estimated costs that do not include a major and increasingly significant component.
   Mind you, other items that some might consider as appropriate in estimating the costs of rearing children were also specifically excluded from the calculation of the new payment.
   Such as clothing and health costs.
   Things are not looking rosy for the future of children of single parents or their care givers.

2. 2 boredinHK
   Aug 10th, 2007 at 6:19 pm

   The “Greenspan put” is beginning to look like a driver of this sorry mess.
   Loads of liquidity, lack of due diligence and sub prime lending all equal a situation where a massive correction may occur.
   Its ironic that the highly skilled ,highly educated and value adding jobs you mentioned in the Matilda piece- like accountants ,lawyers, bankers, brokers , traders suggested that this was the natural order for the economy.

3. 3 Mark
   Aug 10th, 2007 at 9:15 pm

   boredinhk, bankers, brokers and traders weren’t quite the sorts of jobs I had in mind.

4. 4 steve
   Aug 10th, 2007 at 9:24 pm

   Looks like the rates rise has contributed to a dramatic shift in WA polls.

5. 5 Frank Calabrese
   Aug 10th, 2007 at 9:28 pm

   steve,

   I already posted that link under the Kevin07 thread.

   It must be noted that the sample taken is only 400 odd voters and is usually doidgy, but despite that it is not looking good for Team Rodent.

6. 6 steve
   Aug 10th, 2007 at 9:38 pm

   Sorry Frank. It really has been a horror week for Team Rodent this week. The Interest rate rise,on top of the Tasmanian Hospital debacle, on top of the crushing of the state Libs in the Qld Parliament due to the Howard council amalgamation intervention, on top of the Haneef debacle, on top of up to three Libs waiting to see if they will be charged over Printgate, on top of the Northern Territory Landgrab, on top of the no bounce budget…well a hell of a year really.

7. 7 Frank Calabrese
   Aug 10th, 2007 at 9:47 pm

   No doubt this announcement announced on the 2nd August helped the WA Poll result which was taken on Aust 6th & 7th.

   
   

   Federal Labor Leader Kevin Rudd today guaranteed the long term sustainability of a Western Australia Infrastructure Fund. Mr Rudd announced earlier this year that if he was elected as Prime Minister he would establish a WA Infrastructure Fund, using some of the revenues of the Gorgon gas fields.

   Mr Rudd told a Perth business group today that if the Gorgon Gas Development was delayed, he will look at using the revenue stream from the Pluto gas fields to service the fund. Kevin Rudd’s Western Australian Infrastructure Fund will be used invest in State infrastructure projects over the next 20 years.

   This is about making sure that WA gets the infrastructure, it needs. The fund will be created by setting aside 25 per cent of future Commonwealth Petroleum Resource Rent Tax (PRRT) revenue from the Gorgon Gas Development. When fully operational, the WA infrastructure Fund could have Commonwealth contributions of up to $100 million a year.

   Mr Rudd also announced the fund will help build the economic and social infrastructure of WA’s north – a vital part of the State’s long-term future of the resources sector. It will also examine the future of the State’s port access roads.

8. 8 philiptravers
   Aug 10th, 2007 at 10:36 pm

   Shanahan could also be wrong,because of the very simple insight,completely scientifically verifiable, that whatever he bases his understandings on about Rudds popularity it will not be a function of Shanahans views of Rudd s popularity. If no other truth beckons as understanding,of anyones popularity, other than those of the media, this country is well and truly doomed. It could also be said, that people will believe what they want to believe, I dont think posters here… actually believe the opinions of any journalist on any given day completely.Therefore, it could also be said, Howard has told some unremarkable boring lies,and the same with truths, he is setting the agenda by unfailingly,compromising ,the fact, he has got the message,and he and the Liberals dont believe it. So, if no-one believes journalists entirely on any given day,could it be plausible that all the publicity Howard seeks and achieved, a function of taxpayer collections, really means Howard is now moving any crediblity he may have had, into the sin bin and the game is almost over. No-one in our society has to accept entirely,what anyone says ..about themselves. He has chosen to be on the catwalk with someone who has watched him for years..we become like those we dont particularly feel great fondness for. What Howard thinks is important,just simply may not be what Rudd thinks as important. And when they are near each other in that,that separates them..by manner rather than act. Use the word act..and the opponent will not recite the same play,if shared…. by the same manner. Undermine the manner…and well it may not be undermined by those who watch on. Again and again…. the personal preference is going to be denied by Howard. That is what I think Rudd has maintained, in even, that,.. as a challenge… sometimes held by Howard.Call Rudd the challenger,and he will accept the role,but, wont negate it. If Howard doesnt negate it.. Rudd just simple applies a attempt to circumvent the acceptance , by further acceptance, that, actually doesnt allow him to be accepted by Howard. If Howard recognises that, so does Rudd. Again, Howards sense about himself is the problem,which he is continuing to deny,by continuing the game. But, If you have seen this game player once..you can now say,it seems to be extending indefinitely.Rudd as yet doesnt seem to be indefinitely playing….a..game,although,many attempts have been made by Howard to paint the Rudd game his way.The simple number of Heuristics that voters have on command now,reduces the heuristics of Howards. Rudd is to me exactly as Howard may paint him. But I didnt ask that to be,nor, am unwilling to give over to Howards view. Rudd gets the voting potential of those who find no wonder in Howard. The pixies have caught up with him.

9. 9 paul walter
   Aug 11th, 2007 at 11:36 pm

   Thanks for link to Matilda. Haven’t commented there because of the rigamarole applying to a new site and then the bastard won’t work, as in Quiggin’s case, Margo Kingston’s site ( sometimes ) or Lataan in Adelaide..
   But still would like to thank Mark for providing an explanation which talks to laypeople rather than down to them. A gift he shares with the likes of Davidson, Steketee, Gittins (sometimes) and Colebatch. Also academics like Quiggin and Argy. quite some several blogsites do this good, too.