Resource Rents in the Eye of the Storm

Karl FitzgeraldCommentaryLeave a Comment

photo credit: versageek The might of the Australian mining industry is throwing everything it can at mainstream Australia at present. Can Joe 6 pack comprehend the difference between industry that is man-made ie car manufacturing, versus the mining industry, who are ripping up our valuable earth as if they scientifically produced the iron ore? Apparently, the Rudd Government is largely … Read More

Henry Review & Mining Magnates: Please Note ‘Commonwealth’

Karl FitzgeraldCommentary1 Comment

photo credit: s_mestdagh The gloves are off in the battle between the people and the mining magnates. Today Swan admitted the 40% Resource Super Profit tax is not set in stone. This was code for ‘come buy me a coffee and let’s see what we can do about it’. “We’ve outlined the design of the tax, we’ve said within the … Read More

BHP Record Profits and 4 Corners Money Pit

Karl FitzgeraldCommentary2 Comments

photo credit: BK59 Last night saw the media highlight two essential points. On the same day that BHP announced it’s fifth consecutive record profit of $17.8 billion for the year, 4 Corners discussed how high land and housing prices in the mining town of Port Headland were strangling the community. Both media pieces overlooked the fundamental role of the community … Read More