Queenslanders are heading to the polls. Soaring energy prices are a big election issue. The government of Annastacia Palaszczuk is dangling a discount of $50 discount on customers’ electricity bills. But $50 is less than ten per cent of the $600 clear profit the government will make from the average customer this year. Analyst Hugh Grant breaks down the dazzling profits reaped by the government from its electricity customers. When it comes to profiteering, the other states are not far behind either. Queensland’s excessive electricity prices and the profits that the Queensland government is extracting from the government-owned energy companies is...Read More
Author: Michael West
Does the present approach of the medical fraternity to diabetes make patients fatter and sicker? Investigative reporter and medical scientist, Dr Maryanne Demasi, looks at the latest evidence. It is ‘World Diabetes’ day and the rise in rates of diabetes is showing no signs of arrest. Globally, over half a billion people will have diabetes by 2035. With each worsening projection of diabetes rates, come calls for urgent action, but little changes. Type-2 diabetes (distinct from autoimmune type-1) makes up the vast majority of cases (~90 per cent) and is predominantly linked to bad lifestyle choices. The complications range...Read More
There was much talk from government yesterday of terrorism, espionage and the insidious interference by foreign powers. Then came the announcement, perfectly framed by one newspaper, “Australia bans foreign donations, cracks down on offshore influence”. The heads of Australia’s charities feared this was coming however and terrorists were the last things on their minds. SLAPP: A strategic lawsuit against public participation (SLAPP) is a lawsuit that is intended to censor, intimidate, and silence critics by burdening them with the cost of a legal defense until they abandon their criticism or opposition. Such lawsuits have been made illegal in many...Read More
The Paradise Papers continue to dominate news in the offshore world, and have generated a mixed set of reactions, writes the Tax Justice Network in its Weekly Wrap. An edited version here: Unsurprisingly, representatives of tax havens are not too pleased about the leak. Tony Travers, the chairman of the Cayman Islands Stock Exchange even went as far as saying that journalists should be locked up, citing the fact that computer hacking is a crime. As we noted in our update last week, many journalists covering the leak have been falling over themselves to insist that everything contained within...Read More
There’s no work like government work. Look what dropped out of the tree: the guide to the consultants’ gravy train 2012 to 2016. This is just NSW privatisations mind you. The mind boggles at how much taxpayer money has been crisped on other consultants, and in all states. Unlike the feds, who at least have the decency to disclose their gargantuan consultant fees clearly on the Austender website, finding how much the states flung to the cuff-linked buccaneers of consultancy is not easy, often impossible in fact. The document of which we speak, a spreadsheet, boasts the anodyne title:...Read More
New Michael West Podcast
Created by PodcastOne, this 3 part series looks into how Australia has gone from one of the cheapest countries in the world for energy to one of the most expensive, and reveals just what has happened with our gas and electricity supply and why we are on the verge of an energy crisis.
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