photo credit: daviddesign

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Show Notes

Recorded on Wed 29th October

There’s only so much news 1 can watch, the murders, the deceit, the pillaging, the profits…before 1 is compelled to ask why?

Have a laugh

Lex Wotton - International Day Of Action November 7th
Stand in Solidarity an show your disgust about the continuing racist treatment of Lex and Aboriginal Peoples in Australia. Also, there is a protest rally on this Saturday starting at the Melbourne GPO.

Last Friday an all white jury found Lex Wotton, an Aboriginal man from Palm Island, guilty of ‘rioting with destruction’ for his involvement in the 2004 Palm Island uprising. On November 26th 2004 the people of Palm Island set fire to the local police station, court house and police barracks after a pathologist’s report claimed that the death of Mulrunji Doomadgee, a 36 year old local, in police custody a week earlier was an ‘accident’. Mulrunji died in a police cell, one hour after he had been arrested for being drunk. He suffered massive internal injuries, including a ruptured spleen, four broken ribs and a
‘liver that had been ‘almost cleaved in two’ from a huge compressive force.’

The officer who arrested him, Senior Sergeant Chris Hurley, claimed that Mulrunji had fallen on stairs. A coroner’s inquest found that Senior Sergeant Chris Hurley was responsible for Mulrunji’s death, as the injuries were consistent with a beating. However, a court found Hurley not guilty for manslaughter. He has since been promoted and is an Inspector on the Gold Coast.

In comparison Lex Wotton is now facing a life sentence in prison. He is being held in prison until his next court appearance ( for sentencing) in the Townsville District Court on November 7.

Credit Focus Masks Deeper Issue

FURNITURE and electrical retailer Harvey Norman says trading conditions were still tight three weeks after the Reserve bank delivered a surprise 1 per cent cut to official interest rates.

The company said yesterday that written sales at its Australian franchise stores fell 3.6 per cent over the four weeks ended October 26 compared to the same period a year earlier.

West Bank land prices skyrocket

The price of property in the West Bank has surged beyond the reach of most Palestinians, the World Bank has said.

Presented by Dr Gavin Putland

Thursday November 6th, 6.45pm

As the panic sets in and discussions about a new financial framework at the Bretton Woods 2 meeting grow, Dr Putland will measure up the trends that continue to lead us into asset bubbles.

What …

photo credit: TheeErin

Some A$2 trillion has been pumped into banks globally. Last night saw a record amount of commercial paper sold in …

Our crazed times demand the occasional laugh, even a good news story.

www.brokershandsontheirfacesblog - every day a new photo appears!

And in preparation for tomorrow…

hinting at how the economy relies on the environment:
Marking the 79th anniversary …

photo credit: purpleye photography

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Show Notes R59

Recorded Wed Oct 22nd

The End of Industrial Capitalism - Professor Michael Hudson slates the US political hierarchy and the bankers bailout. Alice and Karl bounce off this with evidence from WA & China and how lower property taxes will deepen the ditch we’re heading into. Ahh some ecological positives to finish us off.

Imagine if you were a hairdresser/ massuer
How lucky would you feel if you got paid more and more money for your service, but yet you didn’t even have to cut someone’s hair. You could sit back and earn money in your sleep, not even having to open your shop.

Then you realised that the taxes your imaginary clients paid made your business more valuable. You could charge more because they could get to your shop easier, find it easier etc. Competition we hear you say. Well there is none in this field (analogy)……..

This is the market system we work under. Not for hairdressers but for land speculators.