Tornado Alley (PROG)

[fuagf]

F6, yes, Rhinehart, is Limbaugh in drag .. you want a horizontal seesaw? .. put one on each end
.. pigs is the best word for them .. and you notice how the attitudes, expressions, even words
are the same .. they accuse others who express concern for social equity and justice of jealousy
.. of bitterness .. of laziness .. when those things have nothing at all to do with the criticism and
concern for the country expressed by the other .. Rhinehart's bitterness is in your link .. and this ..

"Australian Treasury minister Wayne Swan replied, “These sorts of comments are an insult to the millions of Australian workers who go to work and slog it out to feed the kids .. http://www.google.com/hostednews/afp/article/ALeqM5gHAYO6YzqDthLAj0YM2CK_8dFccw?docId=CNG.fb8dd20e4b2a34dde01d223b54e3399b.01 .. and pay the bills.” Former Prime Minister Kevin Rudd called Rinehart’s comments about the minimum wage “just plain wrong” and an “odd thing to say .. http://www.theaustralian.com.au/business/political-chorus-fuels-outrage-over-rineharts-call-to-cut-wage/story-e6frg8zx-1226462008845 .” Australia’s minimum wage is $15.96 per hour.

Yup .. double the USA minimum wage as i've mentioned here many times, and no doubt at all one
of the reasons our economy has stood up so relatively well since the global financial crash.

Thanks for bringing that one back as parallels in situation attitudes
and words from both sides in the USA and Australia abound

On rereading the one you replied to i was reminded of Swan's ..

WAYNE SWAN: I think we do need a lot of straight talking in this debate because it shines
a light on something that everyone of us holds dear to in this country: the notion of a fair go.

ALEXANDRA KIRK: Wayne Swan says it's not an attack on the rich, it's an attack on an imbalance in influence and opportunity.

WAYNE SWAN: In recent years we've seen the emergence of a tiny handful of people, in fact, the Monthly calls them the 0.01 per cent group, who mobilise their considerable wealth against policies designed to benefit the majority.

[...]

WAYNE SWAN: The combination of deep pockets, conservative political support and, of course, the ranting of shock jocks more and more brazenly has sought to defend promote the interests of a very narrow section of our economy.

[...]

WAYNE SWAN: For every Andrew Forrest who complains about high company taxes, and then admits to not paying any, there are 100 or more that go about employing Australians and creating wealth in a constructive way.

[...]

CLIVE PALMER: This is a lot of rubbish really. Everything I've done, Gina Rinehart's done and Mr Forrest has done is in accordance with the laws of Australia, that've been made by the parliament. We're not evil people. I employ 3,000 people nearly in Queensland and Australia.

Maybe the Treasurer needs more love, maybe he's had a hard life. I don't know what's turned him so bitter.

[ .. LOL .. the same crap we liberals get from the others on iHub boards .. echo chambers .. ]

WAYNE SWAN: I was really disturbed, and it made by stomach churn when I read Mr Palmer saying that his only responsibility, his only responsibility was to his shareholders and to his workers and he had no public responsibility whatsoever. What I say about people like Mr Palmer is they don't get rich on their own.

Yup .. just as reasonable and right as Obama's comment which continues to be so misrepresented by
Republicans and by so many 'Libertarians'. .. http://www.abc.net.au/pm/content/2012/s3446124.htm
.. more .. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72863646

Australia will forever i suspect suffer from continuing positive.
yet also the worst of right-wing negative USA culture creep.

See also ..

More on Andrew Bolt, Australia's LimbaBeckBachm[in]annityRomRya-look-a-like .. [ to the bottom ]

The destinies of the USA and Australia are evermore ingrown just as we all are .. we have same kinds
of people .. we .. LOL .. as said before just don't have as many of your most extreme-type, ugharg!,
though gotta say Australia has always felt to me as drifting to more American in so many
ways .. some good, some not so good, as continuing attacks on unionists for example ..
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79115855

Rhinehart is after the SMH also .. demanding board seats and refusing to sign their charter of editorial independence ..

ok .. grrr! LOL .. 2 hours and 4 minutes ago i was to there, went for a link and the computer
froze .. 10 minutes and i had to rush to the dentist .. while after spending millions in
a forlorn hope to defeat Gillard's Resource Tax this is Rhineheart's latest ..

Gina Rinehart sells down interest in Fairfax Media

Mining magnate reduces interest in Australian publisher Fairfax Media to 15% after sale of 86.5m shares

Australian mining magnate Gina Rinehart has reduced her stake in Fairfax Media, publisher of the Sydney Morning Herald and the Age newspapers, less than three weeks after she increased her investment in the group.

Minutes after the close of trade on the Australian stock market on Thursday, Rinehart sold 3.7% of the business to a major Australian fund manager, reducing her ownership in Fairfax Media to 15%.

The 86.5m shares sold were worth A$50.1m (£33.0m). Rinehart remains the largest shareholder.

A statement by Rinehart’s company, Hancock Prospecting, said that the sale was completed to “esolve an issue that arose concerning the directors and officers insurance policy, in the situation of a director having a greater than 15% shareholding in Fairfax.

“This was one of the key issues recently raised by the chairman of Fairfax and needed to be resolved by either the chairman authorising endeavours to raise the 15% limit, which has been able to be reasonably achieved by other companies, or, as also discussed with the chairman, by sale of shares so that the largest shareholder had less than 15%,” said the statement by chief development officer, John Klepec.

Last Monday, Rinehart threatened to sell her Fairfax shares if board seats were not made available to her without unsuitable conditions, a reference to the editorial charter of independence that has been at the centre of a row between her and the board.

Last week the board rejected her bid for three seats, citing her reluctance to accept the charter. Rinehart called on the chairman of Fairfax to increase the share price by more than 30% by November or resign.

In the statement that accompanied Thursday’s sell-off, Rinehart reiterated her demand for the chairman to improve the share price or leave.

“We again urge the chairman to tell concerned shareholders that he will accept proposed milestones regarding his performance in the interests of Fairfax and its shareholders, or propose other reasonable KPIs [key performance indicators] to meet for the continuance of his chairmanship past the AGM in November 2012.”

The continued sniping between Rinehart and the board comes after three weeks of major upheavals at Fairfax, during which the company announced it was cutting 1,900 jobs, converting its two flagship mastheads from broadsheets to tabloids, and closing its two main printing presses.

In another development, the Australian Financial Review – published by Fairfax – reports that the Fairfax chief executive, Greg Hywood, has attacked Rupert Murdoch’s News Limited for creating a climate of distrust for the industry that has led to the Australian government planning to introduce a public interest test for media mergers and acquisitions.

Hywood refused to sign a letter to the government, co-authored by News Ltd chief executive Kim Williams, calling for any plans to introduce a public interest test to be scrapped.

“We’re not about to sign a form letter penned by News Ltd to deal with the problem it created for the media industry in this country,” Hywood said.

“We have our own views which will be expressed to the government … we will do it on the basis that it is at Fairfax, not News Ltd, that stands for editorial independence in this market and everybody knows it.”

The Australian cabinet will consider the public interest test in about six weeks’ time.

http://worldfinancialpost.com/gina-rinehart-sells-down-interest-in-fairfax-media.html