Congratulations Wayne –
‘Nuff said.
UPDATE:
Some say that there is more to be said –
Congratulations Wayne –
‘Nuff said.
UPDATE:
Some say that there is more to be said –
Tags: euromoney, finance minister, penny wong, wayne swan
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Who owns Euromoney?
It is 70% owned by the Daily Mail and General Trust Group. Who are they? Daily Mail and General Trust plc is a British media conglomerate, one of the largest in Europe. The group can trace its origins back to launch of the mid market national newspaper the Daily Mail by Harold Harmsworth and his elder brother, Alfred, in 1896. It was incorporated in 1922 and its shares were first listed on the London Stock Exchange in 1932.
Harmsworth, who had been elevated to the peerage as Lord Rothermere, was editorially sympathetic to Oswald Mosley and the British Union of Fascists and he wrote an article, “Hurrah for the Blackshirts”, in January 1934. Referring to Adolf Hitler’s proposed invasion of Czechoslovakia, Rothermere, again writing in the Daily Mail, said in 1938 that “Czechs were of no concern to Englishmen”.
‘NUFF SAID.
Trivia: His son, Viscount Rothermere is the chairman and controlling shareholder of the company. Harold Jonathan Esmond Vere Harmsworth, 4th Viscount Rothermere (born 3 December 1967) succeeded his father as the 4th Viscount Rothermere in 1998. He ranked 51st in the Sunday Times Rich List 2006 with an estimated wealth of £1,020 million. Lord Rothermere is registered as “non-domiciled” in Britain. This status was inherited from his father, who spent most of his life as a resident of France. This status allows Rothermere to pay tax in France.
Sheesh! Medusa Knows all right!! 😉
Wayne Swan spends $154 Billion more than revenue and is named British finance magazine Euro-money’s ‘Finance Minister of the Year’. Back in 1984 Paul Keating won the same title and by 1986/87 Australian inflation had climbed above 9% pa and home loan rates had risen to 17% pa. It is not a good sign!
Compared to all the European economic geniuses who have turned Europe into a basket case, and the USA, where the common denominator is unsustainable debt, any Treasurer would look good. But Swan has neither the intelligence nor grace to acknowledge this fact, just as he wouldn’t concede that the main reason that we survived the GFC so well, was because of the strong financial position he inherited from Howard and Costello. There is a familiar and intriguing pattern with Keating receiving a gong, then leading us into the “recession we had to have” and leaving a 96B debt for Howard and Costello to deal with. Now Swan, what next? A continued slide into un-sustainable debt like Europe and the US. We need an election urgently.
Ohmg. Who were fellow recipients, non I know, but OK, if he feels better, let him prove it.
I think he is the worst treasurer I know in recent treasury history, he can’t do his sums, and although treasurers are usually the most hated politicians out, irrespective of which party they belong, this one belongs in fairy land.