Here is the vision splendid. The promise is to save a typical Queensland family an average of $160 a year over the next two years, and then a further $300 per year from 2020. LNP leader Tim Nicholls said on TV that the average family would save about 10% on their bills.
I don’t know why that is supposed to be so stunning. Labor is promising $50 pa immediately, plus $146 pa in 2017-18 and $216 pa in 2018-19 from actions taken to put downward pressure on prices since the Queensland Competition Authority struck a new standard price for 2017-18 in early June. Here it is:
Continue reading LNP pledges cheap electricity for Queensland – vision splendid or hoax?
This is a guest post by blog commenter Geoff Henderson. It is particularly strong on the structure and standing of Adani as a company, and on the truly pathetic contribution the project would make to both jobs and the coffers of the state government in royalties. I’ve added some links of other recent material at the end. Enjoy!
A Four Corners program[1a] made serious claims about the Adani Conglomerate corporate profile in India. Credible allegations of bribery, corruption, money laundering, environmental destruction, tax/royalty avoidance and more were leveled at Adani.[1b] Continue reading The Adani Project: – is it good for Australia?
1. China has arrived
The biggest story of the week was probably the Chinese Communist party congress. Leader Xi Jinping is looking to stay for at least another 10 years and putting his “socialist thought” into the party constitution, places him alongside Mao Zedong and Deng Xiaoping in the pantheon of revolutionary leaders. But Richard McGregor says the real star is the party itself, and the West should wake up: Continue reading Saturday salon 28/10