Prospect of reaching poverty reduction targets 'looking bleaker' - ABC News (Australian Broadcasting Corporation)

Prospect of reaching poverty reduction targets 'looking bleaker' - ABC News (Australian Broadcasting Corporation)

My comment to this is:

The main cause of the global financial crisis is greedy people who have taken all the money. Look to the richest 100,000 people who own the machinery of automation, the large corporates, and the weapons and high tech infrastructure. If they have taken the wealth, then obviously everyone else has less or none. There is only a finite amount, and if its not shared someone HAS to miss out. It's not rocket-science, it's very very simple. The World Bank & IMF are merely stating the logical consequence: there is no free money any more to go to the poor. And diplomats the world over get paid decade after decade to fly hither and yon, stay in swank hotels, meet and talk about it and then go home again to prepare for the next meeting. What is going to BREAK this cycle?

CBA exec pay cut plan 'has sting in its tail' - ABC News (Australian Broadcasting Corporation)

The CBA exec pay cut plan 'has sting in its tail' news item includes this little gem:

"I welcome that and it's open to other CEOs to follow in his footsteps. We all have to pull together in these difficult times."

So a 10% pay cut is their idea of 'pulling together'. Tell you what mate, if you were in my rowboat, you would not be pulling anything together with us, you would be dog-paddling instead, after walking the plank.
I think a 25% pay cut might be called 'pulling together'. 10%: what an insult. What planet are you pigs on. You have obviously been in the trough so long you don't have a clue about the world beyond it.

Telstra functional separation costly | Australian IT

Telstra functional separation costly | Australian IT is yet more idiotic comment from an idiotic media source that cannot report beyond the view of its entrenched interests at the big fat lazy self-serving corporate end of town. In this case they fail to take into account the huge ongoing cost of the Telstra setup as it is. Fixing the currently deeply flawed Telstra setup WILL cost money. The government should hurry up and bite the bullet, do it and get over it, so Australia can move forward. Instead they still seem to be either in denial of the obvious or just too weak to do anything about it.